WIsemen 1 (continued)

Based on closing of 6 stocks posted yesterday (ANTM, INTP, ITMG, SMCB, SMGR, DOID), no stocks closed over our buy stop. Then, we can't enter any of those 6 stocks.

But actually, there is one stock confirm as W1, that is BBTN.

Yesterday's candle potential W1 and confirmed by today's candle which above yesterday's high.

Strategy: Buy at close = 1340, stop loss = 1250, risk = 90 (6.7%).

Please use tiny lot for this counter trend trading strategy.

Happy Trading...

Regards,

JNS

~We do our best and GOD will do the rest~

DOID - map for AI

Ternyata DOID jg applied W1 signal, here is the trading plan:

Buy stop: 1290

Stop loss: 1220

Risk: 70 (5.43%)

Why risk is very low? because the bullish divergent bar is not so tall.

Remember, this is counter trend trading, entry with small lot, if the reversal confirmed, we can add on position based on another buy signal.

Happy trading...

Regards,

JNS

~We do our best and GOD will do the rest~

Wisemen 1 of Profitunity Trading System

Hi All,

back again to my technical analysis blog.

Right now I want to share to you about the powerful Profitunity Trading System (created by Bill William). Some of you might have heard this system. If not, you can read the book "Trading Chaos" for your home learning process. It's very widely used in forex trading but can be also applied in stock trading.

Bill William actually told us not to trade if the price is under the alligator, because the profitunity trading system basically is trend trading system. But, there are exceptions, which one of those is Wisemen 1 (W1).

If there is a bullish divergent bar (lower low bar and close in the upper half of the bar), we have to see AO still red and below 0 plus there must have angulations between price movement and the alligator mouth.

Because the W1 is counter-trend trading, we have to be very careful by trade only small position. It's a gambling phase buy it can be "the best position in the world" says Bill.

Yesterday, I found so many long shadow candle, but, are those candle apply as W1? I'll show you some which apply W1 condition, as follow:

1. ANTM

Strategy:

Buy stop: 2275 (1 tick from high of divergent bar)

Stop loss: 2150 (1 tick lower from low of divergent bar)

Risk: 125 (5.50%)

2. INTP

Strategy:

Buy stop: 13650 (1 tick from high of divergent bar)

Stop loss: 12700 (1 tick lower from low of divergent bar)

Risk: 950 (6.96%)

3. ITMG

Strategy:

Buy stop: 48450 (1 tick from high of divergent bar)

Stop loss: 43650 (1 tick lower from low of divergent bar)

Risk: 4800 (9.91%)

4. SMCB

Strategy:

Buy stop: 1980 (1 tick from high of divergent bar)

Stop loss: 1860 (1 tick lower from low of divergent bar)

Risk: 120 (6.06%)

5. SMGR

Strategy:

Buy stop: 8000 (1 tick from high of divergent bar)

Stop loss: 7200 (1 tick lower from low of divergent bar)

Risk: 800 (10.00%)

Now, after we look at those potential opportunity stocks, we have to choose and apply money management that fits to our risk profile.

The questions is, how much is the target reward? Because this system is trend-following strategy, there is no target set at the beginning, but we have to let the profit run until the chart says to exit. Moreover, we also have to enter another buy signal Wisemen 2 (Super AO) and Wisemen 3 (Fractal) if exist.

We will study W2 and W3 later on, I'll post it whenever the signal occur.

Happy trading...

Regards,

JNS

~We do our best and GOD will do the rest~

TLKM

TLKM critical level is 8500 to confirm its bullishness. Let's see some more days to see the trend.

Regards,

JNS

~We do our best and GOD will do the rest~

MEDC

MEDC has good signals, MACD golden cross and almost cross center-line, stochastic is uptrend and ready to cross center-line also. I think it will easily break 3150 and also downtrend line to reach its short-term target at 3450. CL if break uptrend line or if fall below 3025.

Regards,

JNS

~We do our best and GOD will do the rest~

TRUB - as requested

(daily chart)

(weekly chart)

In weekly chart, we can see TRUB has not yet break the downtrend line. But, there is a buy signal at the last 2 candle and the stochastic is oversold.

In daily chart, TRUB has break short term downtrend line at the last 5 candle, but still can't break resistance level at 88. If it can break-up 88, it's possible TRUB to break long term downtrend line. Stochastic is overbought. I think, TRUB is going down to area 71-79. Best entry is near 71, but CL if break 65.

Regards,

JNS

~We do our best and GOD will do the rest~

ASRI

ASRI weekly form a symetrical triangle, hope it would not break down as the confirmation.

Regards,

JNS

~We do our best and GOD will do the rest~

ELSA

ELSA after break its downtrend line and strong resistance (320 and 335), it runaway very fast to its next resistance 370-390. Today's candle, many traders take profit and push the price to 350. My point of view, we can accumulate when the price retrace to 320-335, with cut loss level if break and close below 320. Target price would be 460.

Regards,

JNS

~We do our best and GOD will do the rest~

BTEK

BTEK is make pennant but already break-down with support 500-530. MACD and stochastic is still downtrend.

The scenario are as follow:

1. Spec buy around 500-530, but if fall below 500, CUT LOSS!!

2. If break and close above 610, we can buy with target 700, and if break again, sky is the limit.

I'll update the chart again for the next movement.

Regards,

JNS

~We do our best and GOD will do the rest~

DOID

DOID is very interesting, if break 900 as its important level, the potential upside is very wide with target 1060-1090. Today's candle has break but fail to close above 900. So, we have to wait until candle confirm closed above 900. Just wait and see.

Regards,

JNS

~We do our best and GOD will do the rest~