ENTG Stocks Swing Trading Journal

This ENTG stocks Swing trading journal is a review of a Long Swing Trading 5th wave move on $ENTG. I write a great deal of these trading journals, not just because a high proportion of my trades hit our Elliott Wave target zones. But because every single trade acts in slightly different ways. 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 26 March 2019, I posted a video for a potential Long Swing Trade for $ENTG. The original Signals Video includes full analysis & Setup before the markets opened . The Signal came from our Elliott Wave Indicator for the Entegris Inc Stock.

In the original chart screenshot below we can see that the ENTG Stock had found support at our automated probability pullback Green zone on its Elliott Wave 4.

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 $36.47 with Stop at $33.95. Our automated 5th Wave Target zone in Blue was around the $42 price.

Therefore, giving a Risk to Reward over 1:2

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) 

What Happened Next!

Our Entry order for this long swing trade on ENTG was taken in on the 1st April. The Daily candle closed near the high that day, indicating strong bullish momentum. That Momentum was steady during this bullish 5th wave move for the next 10 trading days. Once the price cleared the previous wave 3 high we adjusted the Stop to 38.99, locking in 100% profit x Risk. On the 24th April the price hit our automated 5th wave target zone and we took 200% profit x risk.  There was no question of leaving the trade on as earnings was the next day and we had hit our target.

Using our Elliott Wave Indicator Suite , this type of move on average take 25 days to reach our target and in this case we were a little early!  The chart below shows our automated 5th wave target zone being hit. Remember, the original Signals Video can be viewed  >>>HERE<<<

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