Trade The FifthTrade The Fifth
  • Free Daily Videos
  • Memberships
  • Courses
  • Indicators
  • About
  • Blog
    • Sign Up
    • RegisterSign In

      Login with your site account

      Lost your password?

      Not a member yet? Register now

      Register

      Are you a member? Login now

  • Free Daily Videos
  • Memberships
  • Courses
  • Indicators
  • About
  • Blog

Education

  • Home
  • Education
  • AAL Stocks Trading Journal – Hit 5th Wave Target
image of AAL stocks trading journal header

AAL Stocks Trading Journal – Hit 5th Wave Target

  • Posted by Paul
  • Categories Education, Trading Journals
  • Date November 14, 2018
  • Comments 0 comment
  • Share
  • Tweet
  • Google+
  • LinkedIn

Stocks Swing Trading Journal for AAL

This stocks swing trading journal is a review of a recently closed Long 5th Wave Swing Trade on AAL. Before market open  7th November 2018, we posted a video in our Signals membership. Complete setup for a potential Long Swing Trade for AAL on the 60 minute time frame. The video had a quick analysis, Entry, Stop Loss and Target price for this potential 5th wave move Long for $AAL. The original video can be viewed  >>>HERE<<<   . The trade entered during the first hour of the trading session on the 7th November and hit our 5th wave Target on the 13th November

Our Stocks swing trading strategy involves trading the 5th Wave of the Elliott Wave sequence. The 5th wave is the highest probability move in a “with trend” trade.  The Wave 4 in this case pulled back and found final support in our Green Pullback zone. Therefore indicating an 85% probability that the 5th Wave will go on and make a new High in this current Bullish trend. The Pullback zones are part of our Elliott Wave Indicator Suite.  The original chart shown below shows the setup with a Long entry price of $36.02.  The Stop Loss below the Wave 4 low at $34.81.  Our automated 5th Wave Target zone in Blue was around the $38.20 price. Therefore this potential Long Swing trade, was giving a Risk to Reward of 1:2

Below this chart is commentary on how the trade went and chart showing exit when price smashed through our automated target zone. (Click on the image to enlarge in another window)

image of AAL swing trading setup chart

AAL Stocks Swing Trading Journal – What Happened Next

Strong entry and price momentum on the 7th November with AAL forming a bullish flag on the 60 minute chart (as below).  We endured a pullback during the next couple of days, in line with bearish markets and the price found support around our original entry price. This is no coincidence as it is a strong support and resistance level.  Then, with the oil price weakening on the 12th and 13th November, the Bullish momentum resumed. Our Swing trade for AAL hit our target zone during the trading session on the 13th November.  We usually see airline stock prices rise when oil dives. In theory the markets believe they will make more profit due to lower fuel costs.

The Chart below shows the 5th wave move on our swing trade for AAL. This is typical of this type of trade on an Intra-Day time frame . Remember, the original signals video can be viewed  >>>HERE<<<   . (Click on the image to enlarge in another window).

image of AAL stock chart hitting elliott 5th wave target

This is a great example of our 5th Wave Stocks Signals service combining with our Elliott Wave Indicator Suite, which is available for NinjaTrader, ThinkorSwim, TradeStation and MultiCharts.

Tag:AAL, elliott wave, stocks trading journal, thinkorswim, trading education, trading journals

  • Share:
Admin bar avatar
Paul
Paul Bratby is the CEO and founder of Trade The Fifth, an Elliott Wave program designed to educate traders and investors on the financial markets so they can take responsibility for their own portfolios and trading accounts by learning how to ride the profitable Fifth Wave setup. Paul started in the business over 14 years ago, and combined his career as an Engineer along with his Military Mindset to develop a repeatable trading and investing strategy that he has used to manage 8-figure accounts.

Previous post

DPLO - Stocks Signals video for Potential Short Swing Trade
November 14, 2018

Next post

IP - Stocks Signals Video for Potential Short Swing Trade
November 14, 2018

You may also like

MAR Trading journal Header
MAR Stock Trading Journal for Predicted 5th Wave Swing Trade
14 February, 2019
BOX trading journal header
Stock Trading Journal for Predicted 5th Wave Trade on BOX
13 February, 2019
Hot Stocks 2019 Header
Hot Stocks 2019 – Top 5 Stocks for Trading with TradeTheFifth
12 February, 2019

Leave A Reply Cancel reply

Your email address will not be published. Required fields are marked *

Archives

Registered Office: Unit 3D, North Point House,
North Point Business Park, New Mallow Road,
Cork, T23AT2P, Ireland

Copyright © 2019

Follow Trade the Fifth on FacebookFollow Trade the Fifth on TwitterFollow Trade the Fifth on YoutubeFollow Trade the Fifth on Linkedin

Learn More

  • Free Daily Videos
  • Contact Us
  • Traders

Legal

  • Privacy Policy
  • Terms & Services

Latest Tweets

Tweets by tradethefifth

Swing trading, Day trading, short-term trading, options trading, and futures trading are extremely risky undertakings. They generally are not appropriate for someone with limited capital, little or no trading experience, and/ or a low tolerance for risk. Never execute a trade unless you can afford to and are prepared to lose your entire investment. All trading operations involve serious risks, and you can lose your entire investment. No trades are recommendations or advice and we cannot be sued for losses of capital. All trades are for educational purposes only. Contact your broker or RIA for execution, margin, and other capital requirements. All users and viewers of wave5trade.com adhere to ALL terms of service on www.tradethefifth.com

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

Testimonial Disclosure:  Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.

Trade The Fifth

Get Your FREE Trade Today!

Sign up for our FREE daily signals videos and learn to trade the Fifth Elliott wave today.



Don’t worry, we will never spam you