Stocks Investing Journal for TTWO Long Swing Investment

Stocks Investing Journal for TTWO

This stocks investing journal is a review of a recently closed Long Swing Investment on TTWO. On the 4th May 2018 we posted a video in our Signals membership for a potential Long Swing Trade for TTWO on the Weekly time frame. The video had a quick analysis, entry price, Stop Loss and Target price for this potential 5th wave move Long on the Weekly time frame for $TTWO. The original video can be viewed  >>>HERE<<<   . The Long Swing Trade order was triggered on the 8th May 2018 and closed that first weekly candle in this investment near the highs of the week.

Our TradeTheFifth strategy involves trading the 5th Wave of the Elliott Wave sequence as it is the highest probability move in a “with trend” trade.  The Wave 4 in this case pulled back and found final support in the Green Pullback zone. 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.  The original chart shown below shows the setup with a Long entry price of $111.09 with Stop below the Wave 4 low at $92.71.  Our automated 5th Wave Target zone in Blue was around the $140 price for this Long trade, giving a 1:1.6 Risk to Reward.

This type of longer term swing really shows the versatility of our Elliott Wave Indicator suite.  Having longer terms swing trades/investments on whilst trading the 5th on shorter time frames is an integral part of our Multi-time frame strategy taught in our Elite Training Course.

Below this chart is how the stock investment went and chart showing exit when price went into our automated target zone. (Click on the image to enlarge in another window)

TTWO Stocks Investing Journal – What Happened Next

Strong Entry on 08 May 2018, above previous weeks high during the following week with the weekly candle closing near the highs.  One thing to remember when trading the 5th wave on a weekly time frame is patience.  Strong discipline is required to allow pullbacks to happen on lower time frames during this long 5th wave move.  As you can see from the chart below, there were periods of 1 or 2 weeks of profit taking during this 5th wave, which is very normal.  With a longer term view we must allow those shorter term traders to get in and out, taking profits, but not affecting the longer term trend.

Our automated 5th wave target zone was hit in the last week in August 2018 with new all time highs, confirming 5th wave formation as per chart below.  Profit taken on the 30th August 21018 giving a 1.5% profit on the trading account balance and a Gain of 27%.  Profit was taken in the target zone at $138 as we were at all time highs for the 2nd consecutive day , but price was struggling to break through $140 and showed signs of weakness at these all time highs.

The chart below shows the exit for this typical 5th wave swing investing opportunity over 17 Weeks using our Elliott Wave indicator suite. This was within our typical 20 week period for longer swings off the weekly time frame for the 5th wave.. (Click on the image to enlarge in another window)

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.