Stock Trading Journal for Predicted 5th Wave Trade on BOX

BOX Stock Trading Journal

This stock trading journal is a review of a Long 5th wave trade on BOX. Before markets opened, on 08 February 2019, we posted a video for a potential Long Swing Trade for $BOX. The original Signals Video can be viewed  >>>HERE<<<   . Paul also did a quick Twitter Live Video before the markets discussing the potential trade on BOX >>HERE<<. Above all, the Signal came from our Elliott Wave Indicator Suite for BOX on the 60 minute time-frame.

In the original chart screenshot below we can see that BOX had found support in our automated probability pullback Green zone on its wave 4. Therefore this indicates 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. Our Stocks swing trading strategy involves trading the 5th Wave of the Elliott Wave sequence, as it is the highest probability move in a “with trend” trade.

The original chart shown below shows the setup with a Long entry price of $23.08 with Stop at $22.29.  Our automated 5th Wave Target zone in Blue was around the $24.30. Therefore giving a Risk to Reward of 1:1.6.  This trade took less than 3 days t Hit our automated 5th Wave Target Zone.

Below this chart is our commentary on how the trade went and trade management decisions.

(Click on Chart to open full size in a new window)

BOX Stock Trading Journal – What Happened Next

During the second hour of the trading session on the 8th February our entry was taken in with large volume.  There was continued momentum into the close with BOX closing near the highs of the day. Carrying a Swing trade over a weekend always has its risks. But we previously had a great winning swing trade on BOX for the Daily time-frame. Therefore the team was confident in the strong Bullish momentum.  A large gap up on Monday 11th was very quickly filled before support was found and the price became range bound for the rest of the day. The gap up on Tuesday 12th February was sustained and our 5th wave target zone was hit in the 3rd hour of the trading session.

This was the second Swing trade on BOX in as many weeks with this strategy in as many weeks and is a prime example of our Multiple Time-Frame Strategy that Paul teaches in his Elite Training Course. This stock trading journal shows exactly a typical 5th wave trade using our Elliott Wave Indicator Suite.

(Click on Chart to open full size in a new window)