Stocks Swing Trading Journal for TWLO
This stocks swing trading journal is a review of a recently closed Long 5th Wave Swing Trade on TWLO. Before the markets opened, on the 6th November 2018, we posted a video in our Signals membership. The Signal was for a potential Long Swing Trade for TWLO 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 $TWLO. The original video can be viewed >>>HERE<<< . Trade tip toe triggered during first hour of trading session. After that it smashed through target on 7th November to give profit of 600% x Risk.
Our Stocks swing trading strategy involves trading the 5th Wave of the Elliott Wave sequence. Above all 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 the Red Pullback zone. Therefore indicating an 75% 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 $73.44 with Stop below the Wave 4 low at $69.95. Our automated 5th Wave Target zone in Blue was around the $80 price for this potential Long Swing trade. Therefore 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)
TWLO Stocks Swing Trading Journal – What Happened Next
We had a tip toe trigger into this trade on the 6th November, then the price came down to test the $70 level, which held and didn’t take our Stop Loss out. We decided to leave the trade through earnings as all analysis pointed to strong earnings. Our thoughts we rewarded the next day with the price gaping up massively into our target zone. This large momentum continued in tot he session, until we found exhaustion around $94, so profit was taken at 600% x risk. This is not the first time this big move has happened with our stocks signals service. One of my main mantra’s is “You Gotta Be In It To Win It!” – Another example from April can be Viewed >>HERE<< and then another on GS from August can be viewed >>HERE<<
The Chart below shows the gap up and movement higher. you will notice that our Elliott Wave Indicator Suite has re-printed the wave count to a new Wave 3 as the price action has broken the rules for wave 3. Therefore we are potentially on another wave 4 pull back after this big earnings move and we could see another opportunity to trade another 5th wave opportunity long during week commencing 12th November . Remember, the original signals video can be viewed >>>HERE<<< . (Click on the image to enlarge in another window).