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Followthetrend

ADBE February 24 Trade and Lessons LearnedAs shown on the chart, here was what happened I bought NASDAQ:ADBE on February 5, right near the resistance, expecting a break out into new high. The stock did not break out and started to go down. I sold 50% of my position on February 16 as it crossed down the MA-150 on huge volume. Actually I should have started selling on February 15 as it crossed down its MA-150 on higher volume. I was a little reluctant back then because the overall market was still very good and I hoped the stock will soon recover. At its MA-200, the stock started to move up again. On March 1 it crossed up MA-150 but could not go further, instead moved down again the next day. That was when I sold the rest of my position. Had it not recoverd from the MA-200 on February 21 and moved down below it, I would also sell the rest of my position. Similar to NASDAQ:AAPL (see the idea in the related idea section), this stock was a laggard during the uptrend from January 24. Lesson learned: When the overall market is in uptrend, you should put your money into the strongest stocks. If a stock is moving down its MA-50/150/200 during an overall market uptrend while other stocks are moving up, just sell it. You can always buy it later. Weak stocks during uptrend will become even weaker during correction. Strongest stocks during uptrend can struggle to move up during correction, but generally they will decline less than weak stocks during the same correction.
NASDAQ:ADBE
by longsonvn
BTC March 15, 24: Crossing Down The TrendlineOn March 15, 24, BINANCE:BTCUSD crossed down the trendline as I draw on the chart. I used this trendline to hold on to a stock, or in this case, a Bitcoin, when it is going on a big move, meaning I will sell if it will cross down. Furthermore, the trendline also coincides with the moving average MA-10, hence I use this trendline to sell. But this is just a technical sell. I am always looking for buying opportunities, and never ever short any Bitcoin or even altcoins. Here are my thoughts for re-entry. First situation: BINANCE:BTCUSD might pump up again crossing back the moving average MA-10, which is this case is right $70,000 now. I would re-enter on this signal. Second situation: it can move down futher to the next moving average MA-20 which is around $65,000. In this case I will look for an accumulation area before entering again. Whatever the case, BINANCE:BTCUSD is still in uptrend now and for me, the best strategy is looking for opportunities for going long.
Long
by longsonvn
4
ORCL March 14, 24: Can the stock reach new ATH this time?On March 13, 24, NYSE:ORCL gap up after earnings on huge volume and is now trading at the area of the all-time high. The stock has traded around this area in the past 2 times, during June, 2023 and September, 2023. Interestingly, the peaks of June and September were also around the earnings date. The question now is can NYSE:ORCL reach new ATH this time? The trading idea is to buy the stock as it crosses up the high of March 13, 24 which is 130, and cut loss if it will go down below the resistance at 127. Another trading idea is similar to what I wrote for NYSE:DELL (see below in the related idea), which is wait for some days for a range to form and then trade that range. Based on the actual situation that will occur we can execute our plan accordingly.
NYSE:ORCLLong
by longsonvn
AUDJPY - Long by High Low Pivot & 2EMAs 7/26/2023* Daily timeframe: Previous Higher Candle breakout. * Current timeframe: 1- Long trend when Swing High (1) & EMA 21 above EMA 50. 2- Swing High(2) is continue & low still above Swing High (1). 3- Opens a Buy with Stoploss at lowest price (Swing Low) between Swing High (1) & Swing High (2) (Rule to find Stoploss). a/ Moving stoploss when occurs Swing High(3), Swing High(4)(5)... b/ Wait to retest previous swing high if ratio of Reward > Risk (>1).
by dinhchien
1
NZDUSD - Long by high low pivot & 2 EMAs 7/16/20234 * Daily timeframe: Previous Higher Candle breakout. * Current timeframe: 1- Long trend when Swing High (1) & EMA 21 above EMA 50. 2- Swing High(2) is continue & low still above Swing High (1). 3- Opens a Buy with Stoploss at lowest price (Swing Low) between Swing High (1) & Swing High (2) (Rule to find Stoploss). a/ Moving stoploss when occurs Swing High(3), Swing High(4)(5)... b/ Wait to retest previous swing high if ratio of Reward > Risk (>1).
Long
by dinhchien
2
BTCUSD -Long by High Low Pivot & 2 EMAs 7/14/2023* Daily timeframe: Previous Higher Candle breakout. * Current timeframe: 1- Long trend when Swing High (1) & EMA 21 above EMA 50. 2- Swing High(2) is continue & low still above Swing High (1). 3- Opens a Buy with Stoploss at lowest price (Swing Low) between Swing High (1) & Swing High (2) (Rule to find Stoploss). a/ Moving stoploss when occurs Swing High(3), Swing High(4)(5)... b/ Wait to retest previous swing high if ratio of Reward > Risk (>1).
Long
by dinhchien
USDJPY - Short by High Low Pivot & 2 EMAs 07/14/2023* Daily timeframe: New low & MACD histogram bear. * Current timeframe: 1- Short trend when Swing Low (1) & EMA 21 under EMA 50. 2- Swing Low(2) is continue & High still under Swing Low (1). 3- Opens a Sell with Stoploss at Highest price (Swing High) between Swing Low (1) & Swing Low (2) (Rule to find Stoploss). a/ Moving stoploss when occurs Swing Low(3), Swing Low(4)(5)... b/ Wait to retest previous swing low if ratio of Reward > Risk (>1).
Short
by dinhchien
1
CADJPY - Short by High Low Pivot & 2 EMAs 7/14/2023* Daily timeframe: New low & MACD histogram bear. * Current timeframe: 1- Short trend when Swing Low (1) & EMA 21 under EMA 50. 2- Swing Low(2) is continue & High still under Swing Low (1). 3- Opens a Sell with Stoploss at Highest price (Swing High) between Swing Low (1) & Swing Low (2) (Rule to find Stoploss). a/ Moving stoploss when occurs Swing Low(3), Swing Low(4)(5)... b/ Wait to retest previous swing low if ratio of Reward > Risk (>1).
Short
by dinhchien