• Trading Software
    • TradingView
    • NinjaTrader
    • MT4
    • Thinkorswim
    • TradeStation
    • MultiCharts
  • Online Classes
  • Trading Courses
  • Free Resources
    • Economic Calendar
    • Blog
    • Webinars
    • Newsletter
  • Sign Up
  • Sign In
Trade The FifthTrade The Fifth
  • Trading Software
    • TradingView
    • NinjaTrader
    • MT4
    • Thinkorswim
    • TradeStation
    • MultiCharts
  • Online Classes
  • Trading Courses
  • Free Resources
    • Economic Calendar
    • Blog
    • Webinars
    • Newsletter
  • Sign Up
  • Sign In

Blog

Home » CERN Stock Trading Journal

CERN Stock Trading Journal

  • Posted by Paul
  • Categories Blog, Education, Trading Journals
  • Date February 11, 2020
  • Comments 0 comment
9 shares
  • Share
  • Tweet
  • LinkedIn
  • Reddit
  • WhatsApp

CERN Stock Trading Journal

This CERN stock trading journal is a review of a Long Swing Trading 5th wave move on $CERN. I write a great deal of these trading journals, not just because of the a high proportion of my trades hit our Elliott Wave, Automated 5th wave target zones. But because every single Stock acts in a slightly different way to Earnings, News and Sector pressures. So when it comes time to trade the same Stock again, I have the experience written down to learn from. I hope you find this trading journal educational.

Before the markets opened, on 16 November 2019,

I posted a Stocks Trade Idea for a potential Long Swing Trade for $CERN on our TradingView profile HERE. The original trade idea includes full analysis & Setup before the markets opened . The Signal came from our Elliott Wave Indicator suite for the TradingView platform. 

In the original chart screenshot below we can see that the CERN Stock finally found support at our automated probability pullback Amber zone on its Elliott Wave 4. This indicates an 80% 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 $69.55 with Stop at $64.84. Our automated 5th Wave Target zone in Blue was around the $80. 

Therefore, a Risk to Reward of 1:2 for this longer term swing trade was achievable. Below this original setup chart, I discuss the entry and trade management for this swing trade that hit our 5th wave target zone.

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

image of CERN Stock chart withh elliott wave signal

CERN Stock Trading Journal – What Happened Next!

Using our Elliott Wave Indicator Suite , this type of move on average take 25 weeks to reach our target and in this case we were very early!  Earnings played a large part in the last move up to the 5th wave target zone. Looking back at recent earnings results and reactions was conducted to assess the probability that the CERN Stock would continue in the overall Bullish trend it finds itself in. The chart below shows our automated 5th wave target zone being hit.  Profit was taken at $80 for a fantastic long term swing trade on CERN. Remember, the original CERN Stock Swing Trade Idea can be viewed  >>>HERE<<<

image of cern stock trading journal chart with elliott wave target hit

 

Learn More about our Elliott Wave Indicators and more for 7 different platforms >>HERE<<

Tag:cern stock trading journal, long term swing trades, stocks investing, stocks trading journal, Swing Trading, swing trading journal

  • Share:
Paul
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

STT Stock Swing Trading potential 5th Wave Move
February 11, 2020

Next post

February 2020 Webinar Recording
February 15, 2020

You may also like

?Potential Long SwingTrading Opportunity on $W Wafair Inc
19 January, 2021

Brief video setting up a potential Long Swingtrading opportunity on the Wayfair Inc Stock using our Elliottwave Indicator suite

?Elliottwave indicator suite calculates and prints the elliottwave count
16 December, 2020

Quick video to show how our Elliottwave indicator suite calculates and prints the elliottwave count, the probability pullback zones and the automated 5th wave target zone..

image of tradingview stocks swing trading chart trade management
Trade Management for Stocks Swing Trading
9 July, 2020

Leave A Reply Cancel reply

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

Categories

  • Blog
  • Daily Videos
  • Education
  • Trading Journals
  • TradingView
  • Uncategorized
  • Videos
  • Webinars

Archives

Trade The Fifth Logo

USA Office: 19 W 34th Street, Suite 1018,
New York, NY 10001
US Phone: +1 (415) 992-7787

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

Copyright © 2021

Learn More

  • Trade Ideas
  • Contact Us
  • About Us

Legal

  • Privacy Policy
  • Terms of Service

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. Past performance is not necessarily indicative of future 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