AVAX downward wedge breakout Continuing on my downward wedge during an overall upward trend thesis. I have measured the opening of the wedge across 101 bars at 54% gain. I have indicated a profit taking zone with a green rectangle.
Profitzone
MGM - MGM Resorts International BUY investment opportunityHello traders,
Description of the analysis:
MGM Resorts International investment opportunity. I already invest to this stock with big potencial. I bought 462 pcs of shares. Trade what you understand, trade carefully and sparingly according to the business plan. This is not investment recommendation.
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund ($4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
Bullish Dollar: Too Easy
Harmonic on Harmonic. Old drawing ended up hitting both my profit zones. Definitely one of my best work yet.
Brits Over the Yen Again
Price will move towards my 23.6 Orange Fib level @114.311.
From there we will see price action towards Large Quarter Point 145. There is also confluence at that point with two fib levels, 78.6 and 50, that can serve as the top and bottom of the target price zone.
Profit Size: 68.6 Pips
Income IdeaI had a beautiful explanation written here and it was lost. It was about considering how to make income in a stagnant market. Become a seller and write options. This shows a previous strategy that could have been used in the last few days to generate income on your portfolio with a butterfly or iron condor.
A future chart will describe this technique in depth. Until then, set your stop loss accordingly. Don't forget to insure or hedge your position. Trade smart, gain smart.
We are now entering... The Profit ZoneBarring any shocking political or criminal news, we are entering into a period where I would like to call the Profit Zone. For the next few days we shall be in a period where market support will be tested by the bears. This is where algos shine and devour unseasoned traders like fish jumping up a stream.
My idea all begins back in January ( 1 ). Trump is inaugurated and hope and praise infiltrates the markets. We see a modest boost, a short hesitation, before bumping to all time highs. But that hesitation, was telling. As the partying ends ( 2 ), profit takers sell out in droves, driving another bull run as FOMO sets in. Coupled with uncertainty now that Trump is starting to be tested as a President, being rebuffed at almost every step.. Everyone is watching the news. Everyone has fear.. Markets have entered ( 3 ) THE PROFIT ZONE.
What is The Profit Zone? It is a period between highs and major levels of support when uncertainty rises. Rather than play the direction the market is going to go, become the seller and profit on the LACK of direction the market wants to go. ( 4 ) Sell OTM calls, or increase your shorts the closer we get to the top of The Profit Zone. ( 5 ) Sell OTM puts, or increase your long position the closer we get to a lower support line.
I would look to staying in this zone for another week or two. Obviously breakouts can occur at anytime, so step stops accordingly and always insure or hedge your positions to minimize your risk.
