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ROKU

ROKU 1D TRIANGLE BREAKOUT TRADESTriangles are repeatable trading chart patterns. Triangles are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NASDAQ:ROKU
by Tradingstrategyguides
$ROKU Nears a Decision Point for Long Term PatternROKU ROKU is sitting in a definable bullish setup. In other words, risk is defined by the bearish descending triangle formed over recent weeks. The level in play is clear, positioned at about 127.50. Bulls don't want to see this level broken to the downside on a weekly closing basis. Otherwise, the bias should be for new all-time highs in this roaring broad 1990's style stock market mania. That's a 4:1 reward to risk ratio for new money flows on the breakout bull bet.
NASDAQ:ROKU
by GregFolin
1
TRADE IDEA (IRA): ROKU FEBRUARY 21ST 105 MONIED CCMetrics: Max Profit: 3.08 Max Loss: 101.92 (Assuming Stock Goes to Zero) Break Even/Cost Basis: 101.92 Delta/Theta: 15.75/10.76 ROC%-age At Max: 3.02%/32.4% annualized Notes: Although I generally don't play a ton of single name in my IRA, looking to deploy idle capital here. High rank/implied (56/78), good ROC%-age, and high probability of profit (84%). The natural alternative in a cash secured environment would be to sell a similarly delta'd put: the 15 delta 105 is paying 2.81 with a 102.19 cost basis if assigned. Earnings in 25 days versus this 34 day setup, but my intention would be to "play through."
NASDAQ:ROKULong
by NaughtyPines
2
$ROKU In A Very Interesting SpotRoku has been making lower highs for the past 130 days (since 9th sept) and is now nearing the trendline that has held its bull run for over a year. It's nearing a major decision point that could drastically alter its trajectory for the near future - either by forming new highs and reigniting bullish momentum or by breaking the trendline and crashing to below $100. One area to be aware of is near $120, which is where price made a higher low and pumped 40% thereafter. Thus, though a trendline break would affirm my bearish bias, I would hold out on shorting and wait for any bounces that may come from price touching that region and short those instead.
NASDAQ:ROKU
by MonkeyJuice
3
ROKU - levels for 1/16/20Had a few comments about the number of lines I have here. If you pay close attention they often come into play throughout the day. That said, some are more important than others on a day to day basis, so I've made the more important levels bolder and brighter. So we nailed the bounce a few days back (post linked) but we've stalled out in the middle of the chop. We're putting in lower highs while the S&P is melting upwards. I'm watching this magenta dashed line as a possible top-trend resistance level. My sentiment - we look pretty weak, printed some long upper wicks on the daily. I don't expect a big push for the bulls today with out news. resistance to watch $134.80 is the first level I have my eye on, followed by the magenta dotted trend-line in the low $136 area. $136.81 is another often respected area in this chop. If, for whatever reason, we find ourselves very bullish, 138.99 should hold as resistance for the day. support levels to watch 132.30, 131.25 have been respected in the past, but if we wind up bearish I'm more interested in 129.65, 128.20 and 126.71
NASDAQ:ROKU
by danbeaulieu
Falling Wedge RokuLong Position - Target Resistance 148.86-150. Next Resistance is up to 162-164. Long Position - Target Support around range 140. Lookin up to TF 30min 45min 1hr 2hr 4hr MacD show sign of cross and it's really on the low so it's a good sign to go long. Last week look like it would form a descending triangle but as you watch closely at the chart with smaller time frame < Daily it's not a triangle but a wedge if forming up a very BIG bounce is coming. *NOTE THAT IF IT DID BREAK THE SUPPORT it would go down to 120 - 100 and if THAT happen, inverted cup and handle MAY be formed and it would lead to MORE LOSSES. This is just my opinion on ROKU just thought I would share my idea.
NASDAQ:ROKULong
by amalzamani
4