Possible Amazon trade

30 ago 2018

I made this chart yesterday, the idea was that they will make a fake break out. Markets almost seem like they have allot of FOMO in it well. Like their using the tech stocks (like alts) to make people crazy. It's almost a big parabolic move now.

Anyway, i am trying to trade this soon, but not now. No way to know how high they can bring this.

5 set 2018

Nota

Amazon trade seems to be active now. Broke out the channel and dropped back in again. I had rather seen it go up some more before making a dump. So in this case, keep the size a bit smaller, use the high as a stop loss.

5 set 2018

Nota

Try to get an entry around 2010

6 set 2018

Nota

So far the trade is going good. The daily candle is a good confirmation. Also looks like it made a small H&S. Of course the opening of the markets tomorrow can change allot but lets assume we do not open above the neckline. The ones who like to risk more, can add to the pos if we break that second green line tomorrow. But if you add, adjust your stops as well.

For now i would move the overal stop to that red area. First target is the yellow circle, there we should close around 66% of the pos and wait to see what happen next. There is much more potential but no room for greed and to get ahead too much of things. Step by step :)

6 set 2018

Nota

It already reached our target today :) a good win and for the ones who increased their position, it was a big win.

For now it seems like there is a small inverse H&S, so depending on how the markets open tomorrow you might want to use that neckline as a stop level now for the remaining pos. This will probably not be the last trade on Amazon. If we open above the neckline, than maybe don't panic sell, but try to set a stop level to give your self at least a chance, maybe around 1975ish.

10 set 2018

Nota

I understand that some are still in the trade with a part of the pos. Well the opening of the US markets shows the intentions of the market. But, there are no guarantees. Last hour and sometimes 2 before closing are always the most important ones. If this daily candle stays like this or even break that support, it's almost a 100% sell signal.
So for the ones who are still in it and are willing to risk the profit of the remaining pos, i would say it's worth to risk to increase the position again. There is a clear stop level now, that's today's high around that red resistance zon. Which looks like a bear flag now. If that long term uptrend breaks, we might be able to turn this into a long term short trade.

17 set 2018

Nota

Don't know if anyone is stil in this one, but today's opening is below the support line of the channel. This will probably give us the chance to get a good short entry this week. Waiting patiently for this to develop.