CCCOCA-COLA CO CEDEARS EACH 5 REP 1 COM USD0.25
18,125ARSD
−25−0.14%
At close at Jul 18, 22:28 GMT
ARS
No trades
KO trade ideas
KO t.a. & potential set up 10.18.19Coke's Major Keys
*Trading above SMA200
*Recently had a strong breakout via gap-up
*Break above & close above EMA21 & SMA50
*Recently left known oversold rsi levels
*Indicator convergence
ENTRY @ intraday momentum supports long term trend @ break above short term EMA
EXIT @ overextended indicator levels or any close below trailing stop
STOP @ any close below original SMA, convert to trailing stop @ any close below short term EMA after uptrend confirms above original SMA
KO - Better-than-expected earningsHi, today we are going to talk about KO
We observe a DAILY, some important points. The details are highlighted above.
Thank you for reading and leave your comments if you like.
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
KO - Weekly Mean Reversion - Bull Put Credit Spread.High Vol, High ROE Stock.
W RSI <25 & PA consolidating around 53
Looking for Reversal to Mean higher.
Taking 52.50/50 Bull Put Spread.
Also picked up 55 Call for Directional Bias Higher.
Nov Exp but aiming to Close in profit well before that...
Good Luck - Watch your $$$ RISK
Thoughts on KO??Stock broke out of a long established channel and looks like it wants to test the breakout. Solid dividend company and one that should ride out a slowing economy. Huge international presence and exposure to rising dollar. This is a tough call. Weekly and daily RSI and MACD looking tired. Thoughts anyone?
COCA-COLA 1D DESCENDING TRIANGLEDescending Triangle is a Bearish Bias Breakout pattern
Descending Triangles, Triangles, Ascending Triangle and Ranges are repeatable trading chart patterns.
Triangles and ranges are consolidation chart patterns that can breakout either direction.
Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend.
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.
