Takeprofit
Drones are coming ! TAKOF drone delivery Canada is going mad !!so we covered the stock thoroughly in our DD article on our site so I will not expand here but just go over several facts:
they were founded in 2014 and currently using an AI integrated system called FLYTE that is not fully AI yet and monitored by staff in DDC headquarters but I expect full AI in the upcoming years.
they have 3 main types of drones the smallest called Sparrow with a range of 30km and can carry 4.5kg of payload
the second drone is Robin XL which can travel 60 km and can carry 11.3kg of payload and the biggest one goes by the name of Condor and can carry over 180kg and can travel 200 km distance which looks like a mini-helicopter!
the drone industry is expected to cross 300 B $ by 2030 acc to estimations by ARK invest that caused the drone industry to rally up
we choose to focus on this stock because the fundamentals are great but the technical are amazing !!
Let's talk Technicals:
The stock was IPO at 1.3772 and it is now touching the IPO level at 1.3558- reached a high of 1.5372 last week.
I LOVE that fact the POC is so high (red line)!! that is very very rare – the POC is at 1.442 which is currently higher than stock price (this formation of the volume is called P shape)
The purple square on the right shows us again an unusual behavior – the higher price levels are already accumulated so the stock can easily pass these areas with no need for convergence (good !)
The lower areas below 1.07 are empty meaning that if the stock drops to that area it can easily keep falling as these areas are not tested (Bad!)
so we cannot have stock falling below 1.08.
Stochastic is in the overbought area but we saw it correcting a bit in the last 4h which is prob because of the pump and dump behavior of the market lately which affects most of the other penny stocks.
One last thing worth mentioning is the tiny gap we have between 1.31 to 1.34 which may need to get filled as gaps will usually do but this is so minor that it won’t have much effect.
How would I play it > I would see pre-market action as always and see if I get a nice pullback to enter, if we see stock rallying pre-market we would not enter until around 17:00 – 18:00 UK time as it is the reverse of the true direction of the stock and can give us a nice correction entry.
We at FDGT the Traders Union are very bullish on the stock and we gave it a price target of 2.7 in the upcoming 2 months - with this meme market we may see it in the upcoming weeks LOL
we trade on our own rules! see you in the take profit
Cheers and be safe!
MTOPS makes us believe in magic. Please see previous postIf you have been following our work, you are witnessing shere magic
The laws of the universe guide us in to the trades that we take
Once you understand those laws, magic becomes your life
Even though I engineered the MTOPS Criterion, it still humbles me
I wish upon you that you invite this magic in to your life and feel the joy that we feel through MTOPS Criterion trading
Zil about to break out; 73% potential gains from current entry.Checklist:
Higher high: check
Increasing volume: check
RSI bounce off support: check
MACD about to cross to the upside: check
Breakout from triangle is near, enter now with a 5%-10% SL as the current daily candle hasn't closed to confirm the HH, or wait for the breakout and retest for maximum safeness.
TP 1: 25%-50% at 0.12
TP 2: 25%-50% at 0.16
Buy the dips with profits.
EOSUSDT, take profit strategy, 30.01.2021, daily timeframeTime - 30/01/2021 17:45.
Timeframe - 1D.
2 conditions must be met to open a deal:
1. MACD lines cross and there is a positive trend.
2. Candles close above MA 25.
Determine the resistance:
Resistance 1 - 3.10 $ (12% price increase)
Resistance 2 - 3.40 $ (23% price increase)
Resistance 3 - 3.90 $ (41% price increase)
Take profit 1 - 3.10 $.
Take profit 2 - 3.40 $.
Take profit 3 - 3.90 $.
Entry price - 2.77 $.
Next, determine the size for each TP as I think is best done:
Take profit 1 - 3.10 $ - 25 %
Take profit 2 - 3.40 $ - 25 %
Take profit 3 - 3.90 $ - 50 %
Today I only put 2 and 3 TP. Because the first one will be easy.
Or favorite Pup, repositioning for his nightly run.We have one of his hears, most of the top of his fluffy head, and all thats left is his other ear. Only way to draw it on is to buy a stack and ride the pupper to the tip of the next ear!
Lets finish the monument to our favorite boi! DOGE is love... DOGE is Life...Buy DOGE...Hold DOGE...
I LOST 70% OF MY CAPITAL WITH THE SAME MISTAKE => OVERTRADINGHello Traders,
today I want show you a point of my live, that I constantly overlooked. I want sensitize you for it and also make me so a reminder for the future!
1. OVERTRADING
It's the truth: In the past I lost 70% of my capital with overtrading. If you find yourself there then I would be sensitize you to rethink your approach of trading.
On the chart above you can see how I take at the beginning all rules what I learned before:
Only 1% of my capital I choose for risk with using StoppLoss
Support and Resistance are STOPPLOSS and TAKEPROFIT, depence on trading direction
I choose a Takeprofit more then 2 times of my risk
=> I lost the most time with this rules
But the rules are not the problem!
The problem was my overtrading. I see only "ONE" signal to take action => then it overcomes to reaction buy, no no, sell... dame, better buy and so on => always if I was in loss I tried to rethink my trade 24/7 hours in front of the screen.
2. SUPPORT AND RESISTANCE: THE WORST ENTRY POINTS EVER, BUT GOOD STOPLOSS AND TAKEPROFIT AREAS
Another thing is, that support and resistance areas are good reverse moments. Every greedy trader like I used to be, try to catch the early trade to make more money than anyone can imagine. Then back to reality: you get stopped. The market takes your money and you don't realize why!
On this moment, you have your own opinion of the market and this your mistake to believe you are right. You hadn't wait enough!
3. BE PATIENCE - TRADE LATE AND RIGHT THEN EARLY AND WRONG (MULTIPLE)
The headline above in point 3. is since my realizing the importast rule. Trade late and right!
Because the other thing of trading you can: the right risk, the winning opportunity.
Sometimes it helps to look in deeper timeframes, to get enough win-risk-ratio.
Hopefully it helps you!
Kind regards
NXT2017
Cardano is on the bottom of channelADA
It is currently on the parallel channel support and may move back from the same support area to the canal roof.
The first and second targets for the short term and after breaking the red downtrend line of the third to sixth goals can be touched in the medium and long term!
It has a series of supports that can change phase and move upwards by reacting to each of them (support lines and ranges, suitable for step entry and lowering average!)
We suggest that you monitor this crypto currency and be sure to trade according to your trading strategy.
Best Regards.
BYND trading perfectly to the technicals. Quick 20% profit.On the January 14th post, it ran into the resistance after breaking out of the wedge. I put out one of the two scenarios. Breaking though the resistance and going up til the next target or quick pull back to the support level and breaking out. It pulled back perfectly and defended the support and today finally advancing to the short term target. Quick 20% profit.
Have a good trade everyone,
T.
AMZN. Harmonic analysis - 3270 poss targetThere are many patterns inside this recent move. 3096 is a key level inside this long wedge.. they are playing both sides.
Any market open weakness Tuesday I am looking for AMZN to bottom and complete Pattern and fill prior Gap(blue)
Then I am anticipating price will complete Take profits of Cypher at 3270 area and fill in some imbalances.
It all measures out but the probabilities are there.
Everyone have a nice weekend!!!!!!!
BA Take profit mode off completed Bearish BAT patternBA is in take profit mode.. basically using the top of the move $213+ algos will retrace at minimum down to 61.8 fib.
Best entry short was $213 so manage trade carefully with stops.. You can use the 20sma on the Daily as a guide as price recently rejected perfectly showing short term sell bias..
There is some price imbalance below so there are alot of things to like here.
If you decide to short cover at 61.8 fib by rule. There could be further downside but that would be another setup.
Good luck!!!
AUDCHF (H4): LONG Idea on this Ascending Channel BREAKOUT!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIK E👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
TECHNICAL ANALYSIS:
Since the beginning of December, the price got a stronger trend correction, moving up trying to reach the resistance level at about 0.68256.
Once it reached that, the resistance zone rejected the price, breaking it during the second attempt.
As we can see in this chart, few days ago the price also broke the ascending channel and it bounced on the previous resistance zone that now is acting as a strong support.
CONCLUSION:
I think there is a nice chance to see the price continuing the same trend, trying to reach the main resistance zone at about 0.69500.
The price is actually oversold and it clearly bounced on the support zone.
IF THE PRICE will break the ascending channel, we can definitely plan a long trade until the next resistance zone.
Stay tuned for updates!
What's your opinion? Share your idea writing a comment!
Trade Safe and Responsibly
Gianni
ALGO/USD leaving buyzone ( Algorand's Road To .80 )Hey guys this is my first ALGO/USD chart , as soon as i looked into at i fell inlove with Algorand.
So i decided to add this into my ( '21 Road to Success Trilogy )
soon as i did a few markings i seen that it was ready to makes its move upwards . after looking closer i seen a TP at around .80
' if you look at my support markings , i think we missed the buyzone for right now .
' but FOLLOW ME for a full Algorand analysis with a exact Entry Price & Take Profit .
Follow me for more Analysis Entries , Take profits , & Stop losses .
Drop me a like if you agree .
All comments are welcome , Lets Talk Wealth .