WMTD trade ideas
WMT - Trade position I will be buying calls on WMT today. I love the double bottom off the 200MA on the daily chart here. And the nice pull back from the run it had from the end of March. I'm going to be buying at the money 120 calls expiring Aug 21. If this trade goes bad it should retest this 200MA on the way down, so it also gives me a place to get out on a retest.
WMT - RubberBand Algo Update 1 - Questions and moreThis week I started working on my first filter algorithm. The sole purpose of the program is to filter stocks who's trading price closes below the lower Bollinger band (80 day period) in the TSX, TSXV AND CSE. We use algorithms when the inefficiency targeted is persistent. Meaning that the trading opportunities occur over and over in a similar manner. EXAMPLE - identify the stocks who's price closes below the lower Bollinger band assuming the stock is being oversold, meaning that there is a good chance the price will bounce back after the sell-off.
This is not a trading bot since the user has to scan from the stock list, and manually input the buy/sell order. Which at this point is an advantage since the algorithm has absolutely no data to justify any decision it could make on its own. Now that that has been clarified, here are some of the notes I've taken from the first trial. Some positive and some negative, but I am hoping that through tradingview I will be able to connect with more experienced traders and developers to help me answer some questions.
Positive - the algorithm is able to detect the stocks trading below the lower band, reducing the time and effort one would take if we were to look for those conditions ourselves.
Negative - 1) the algorithm fails at focusing ONLY in Canadian markets. 2) the program is unable to determine chart periods, meaning that each candlestick can either represent one day, 3 hours, 1 hour, 30 min, etc. which makes the holding period extremely inconsistent given that some events are just occurring during minutes or days. 3) Even though the purpose is to filter stocks, the pool itself is still very large since the program is unable to discard stocks that are oversold and simply don't have the volume to bounce back, or for some other reason, the company suffered major financial damage and it's a Lehman/Enron stock.
Given this week's progress, here are some of my questions:
1) How can I code an API that's strictly focused on getting input from those 3 Canadian exchanges?
2) How can I go around getting an API Key that's going to give my API access to those markets in the first place? (again Canadian exchanges only) *I have contacted a few people from their websites. but haven't gotten any response yet.
3) What ways would I be able to source for cleaner data in order to improve the accuracy of backtesting? Meaning how can I code it to look past the Lehman/Enron stocks? If someone is kind enough to drop the boolean expression to do so, I would appreciate it.
4) My programming language of choice is python but is there someone out there who prefers a different language? A recommendation I got was Ruby, so is anyone familiar with it?
5) I've noticed that a lot of the open-source algorithms out there focus on forex and crypto and I am wondering if there is a specific reason for this? I'm having a hard time finding projects involving stocks, even in the almighty Github.
I appreciate all comments and thoughts that will help me find some of these answers. My background is in business finance, and my CompSci knowledge is focused on UX design mostly, perhaps you understand now why this project is so important to me. On top of creating a potential IP asset, it's also a great learning experience to enhance my career.
Trying out RubberBand Algo with WMTThis week I am going bullish on Walmart. I usually don’t trade stocks this expensive but my algo picked it up. Current price trading below lower bollinger and EMA. This is my first trial blindly trusting my algo which is simply coded to mirror Matthew Kratter´s rubberband strategy. However, I decided to also toss in the EMA to shorten my holding period to a maximum of 3 or 5 days.
Current price is 117.74
Entering my position at 118.72
Exit target is 125
Only bought 20 shares, unfortunately my portfolio size isn’t as big as I want, but if I manage to make this algo work you can come back when I am 30 years old and ask me how my portfolio is performing haha
Here are a few questions for the experienced traders out there;
1) What’s your weekly return on average? I am trying to work on a bot that can give me a 1% weekly return and I would like to know if this is a realistic goal
2) If you’re trading in Canada, what broker to you use? I am using Questrade, which charges me a flat fee of 5 CAD per trade but I am wondering if there’s anything cheaper (or better per say)
Please leave a comment or any thoughts that might be useful. The reason why I like TradingView so much is because it has allowed me to connect with actual experienced traders and knowledge is power after all.
WMT Setup on DAILY - Update from June3 (Link in publish)WMT WALMART
Setup on DAILY.
ENTRY = 117-119
1st Target = 618@121
2nd Target = 786@127
Hodl Target 133+
Bottom of current regression downtrend.
Holding 200ema & .5fib@117.94support
Stoch, macd, ttm squeeze & momentum setup
Information is in the chart.
This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Walmart | Profit Opportunity | 30 RSI | 200EMAWalmart has reached a great support level at $117, and it might bounce for a small profit in the short run.
1. First confirmation and the strongest of possible bounce is the 200-EMA at $117. Long term investors and big money relay on this moving average since its more reliable than others.
2. We have reached an RSI of 30 in the daily and in the 4h Hour - at the exact level where the 200 EMA is, this means that the stock is oversold and its underprice.
3. We have built more than eight different support levels at this price since September of 20
Please Trade safe, and do your own DD.
Walmart - The end of the super cycle?Approximately 892,000% in 48 years. Or 18 583% per year. Or 1548% per month. Or 67% per day. And yes it is not Bitcoin. This is a super Walmart Corporation. COINBASE: BTCUSD NYSE: WMT
The 3rd wave lasted 24 years and brought a huge return to its investors. Let's get to the point, what is happening now and where are we?
In our opinion, the 5th wave began to develop since the last financial crisis. In the current formation, we observe an expanding wedge, in which we have probably already passed all stages of the waves. The zone of interest is in the region 42-55 in the case of the first correctional wave A. The large divergence on the monthly chart confirms the probable beginning of the correction. Gradual decline in volumes from 2008 - 2009.
And of course, what can the company's shares grow on now? Right on buybacks. Look at the growing debt.
Total Given the current supercycle, the correction may not start tomorrow. This may take several years, keep this in mind.
WMT Long, EMA144 as support in UptrendCondition:
1. Uptrend consolidation, Touched EMA144 yesterday -- See related Script link.
2. Demand Zone matches Fib# 0.382,
3. But demand is not confirmed yet,
Projection:
Trendline break by Breakaway Gap (G1)
Earning date: 8/18/2020 7:00 AM ET -- Earning will not affect this plan.
Entry: 121
Stop: 119;
Target: 132; risk/reward=1:5
I am not a professional trader. I need few months to plan trade and trade plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
Oversold & Undervalued - Robust Earnings ReportI've been watching Walmart since they issued a robust earnings report weeks ago.
The stock "DID NOT" rally on the report like several other stocks did. In fact, Walmart has not taken part in the recent rally.
If you look at the accumulation chart, Walmart has been under accumulation by institutions for a while.
I feel, at current levels, the stock is oversold and ready for a big pop to the upside.
Walmart's in-store and online sales were robust while Amazon lost sales. What does this tell you? Walmart is learning and gaining customers as Amazon and others lose sales to Walmart.
Walmart sat back and let others fail and learned by the failures of competitors. Walmart will be another Amazon moving forward but I think it will be bigger than Amazon!
What does Walmart have that Amazon doesn't? A very powerful retail brick & mortar presence while Amazon is still trying to build one.
Either way, short term or long term, Walmart is a clear winner!
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
walmart stock prices analysishello friends !
i came with new analysis about walmart stocks price (WMT) , as you can see the chart of walmart stock prices , the price Couldn't fix the top of the daily channel , but market still is in bullish mode for long term but after the recent growth market need correction , in my new analysis for walmart i found the nearest support level , if the price break any of these support , it will move down toward the next support level , after the correction complete and we could see the sign of reversal , i will update the analysis with showed resistance in the chart .
hope it will be useful for you .
5.31.2020
WMT Full Video Analysishey everyone im bringing this video to alert you of a potential trade that you can profit from longterm.
Walmart is finding heavy resistance at the current level. we have an ending 5th wave ending diagonal forming on what looks to be a wave 3 of the bigger set of 5 elliot waves. this type of behavior if very bearish. An ending 5th wave diagonal is typically found in the last push up to complete 5 waves. we have multiple weekly rejection candles as well. The weekly MACD is about to cross to the downside as well. The RSI is not oversold on any of the bigger time frames so this leads me to believe we will get a correction with continued upside later on.
enjoy the video
if you have any questions or comments please feel free to post them below or PM me. i am taking chart requests free of charge. i will do a full video analysis for you no strings attached
take care guys and gals
happy trading
Rigo
WMT Walmart Bullish SetupWMT bullish setup.
1st target 127
2nd target 133
fib support meets bottom of regression trendline meets ema pinch
This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
