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Boeing

A Day Traders Results of not Sticking to the Plan! feat. BoeingAt times I find myself locked in to trying to find a better entry while my trade plan is setting up during the day. More often than not, when the internal battle is won by the impatient voice in my head, I sneak into a trade early and pay the price for it. Well... today was one of those days I'm not sitting here saying that my set-ups are always right, nor am I saying I'm some trading savant that wins every trade. What I am saying is the important part is to have a plan and follow it. In doing this, it eliminates a lot of the emotion that can go into the decisions being made throughout the trading day. It allows for well-thought out entry and exit points, manages exposure of losses when wrong, and provides a picture of what the profit/loss will be depending on if the analysis is right or wrong. Below is just an example of a position I took today in which I didn't follow my plan and ended up being on the wrong side of the trade. The technical analysis explained is simply included to describe the approach and thought process I had in entering this trade. In no way am I suggesting for anyone to use these types of set ups, nor am I claiming these set ups are a successful way to trade. SPOILER ALERT: The price action would have given me my entry if I would have stuck to the plan. This morning I posted the trade idea image below before entering a trade in BA At this point I had been patient and let the 1st move settle. I noticed that the price action was stuck dead in the middle of a battle between two previous action zones; one supply (top gray-shaded zone) and one demand (bottom green-shaded zone). I was licking my chops knowing that this was setting up perfectly for a day trade. I anticipated that the price action would give me a good point of confirmation before making its move either to the up or down-side. The plan that if the price broke up above the supply zone, entry would be triggered at a rejection of downside re-entry into supply. Or to enter a long put position at a rejection of upside re-entry back into the demand zone, following a break below. The confirmation of a call entry would give a change of about 3 delta to the upside while placing my stop-loss at a break below the supply zone, giving a delta of -1.5. Profit target was decided by an above descending trendline in which the angle was produced by previous highs of supply resistance connected to the following confirmed demand zone before a lower supply was formed. So, a higher supply based resistance would be drawn to a lower demand-found support, angling down towards but above the current price range. My thought here is that if there is downside rejection to a previous supply zone, the sellers are currently no longer there. Inversely, an upside rejection to a previous demand zone shows that the buyers are no longer there. The confirmation to enter a put position provided the same risk/reward profile as the call entry. Similarly, the profit target was decided by the inverse of the supply to demand (descending) trendline. Which results from a previously lower supply zone connected to a higher confirmed demand zone, ascending towards but below the current price action. Whether it was because I got impatient, or maybe I thought I had solved the Rubik's cube equivalent to arbitrarily drawn trendlines for intra-day breakouts... It didn't matter, I didn't really have a plan. Below is where I decided to enter the trade. - I posted this chart as an update to the trade idea shortly after I entered. I wasn't sure what resistance would be produced from a break of that level and I wasn't really sure at the time where my stop loss should be placed. After entering the trade I realized that the entry would give me higher negative delta to reach my stop (increasing it to as potentially high as -2). I still really wasn't sure where price would find upside resistance, so I just used the same resistance as the original plan. So what came as a result? After a break of the supply zone failed to hold, a higher low was found but was quickly met with a rejection to break back into supply. The result? A potential diamond top developing! Translation = quick, everyone long simultaneously set stop losses on a break below the bottom trendline support. Next up. You guessed it Stop was hit and I exited the trade for a loss. The result of entry from the original plan is as follows. Lessons to be learned- 1. Yes, although in this case my original trade plan would have given me my entry and produced the expected profit, this will not always be the case. If a trade plan is created and it doesn't end up triggering your intended entry, GOOD! you were wrong anyways but you didn't have to lose money this time to figure that part out. Take this as an opportunity to review your trade plan. See what indications you may have missed to enter or not to enter. See where you can improve your edge. 2. Maintain control of your emotions during price action, don't let quick moves produce a reaction. If a move is already happening quickly, guess what you're late to the dinner party. Don't try and convince yourself that the stale crackers and warm coleslaw left is the meal you really want to be eating. 3. If you miss a trade or your plan doesn't produce an entry, try an identify where others entered and why. 4. Look at both sides of every trade. -If you intend to go long ask yourself if you already held a position what would keep you from selling at your entry, or what would reasons would there be to add to your position here. -If you're short ask yourself "why wouldn't I buy here" or "why would I want to be quick to sell at this level?" 5. The best part about trading is learning. At times, it is more rewarding to learn than it is to win. -I have included the link to my original BA trade idea
NYSE:BA
by rickhubbard10
65
BA Breakout Price Targets with potential breakdown levelsIf Boeing can stay away from bad news and regain the ascending channel , it should continue to test the top-side of the above channel as resistance . My thoughts are that potential breakdowns may occur after a failure to test the top-side resistance of the ascending channel . Or after its 3rd test of the top-side resistance of the channel . With good news and Japan continuing to buy equities rather than debt , I don't see it being out of the question for BA to break that top-side trendline resistance and reach the previous all-time-high trend demand zone into the mid $290s
NYSE:BA
by rickhubbard10
1
Boeing - 4h Support ZonesAs a more of a crypto trader, investing in stocks is also my passion. With the more active vaccines roll out we can see a uptrend in companies for transport and enertainment. People are more willing to go out this summer. In the chart you will see my idea of a slow upward trend with a price action which is currently good for people who want to enter. I don't believe that the price will reach the Main support zone but keep in mind that everything can happen. I used Eliot Wave Impulse to mark the next price movement which finishes at no. 5 Support zones are clear and I do believe we will soon see price around 250 per share. Entry can happen now on the price action or on the breakout of the last HH with retest.
NYSE:BALong
by Engindzhan
Boeing is back!I have forgotten about NYSE:BA for quite sometime. But it attracted my eyeball on Feb 23rd when almost every symbols on my trading client are red, NYSE:BA appeared to respond very steadily. When I studied its price action further, apparently i has formed two solid bases during the last year, and it has also broken the downward trend line on Feb24 with a strong uptick candle. Toping it up with the vaccine progression, It has given a very bullish signal and should have no problem to hit the 290 price range once it manages to break thru the recent short terms high in 230-240 price range.
NYSE:BALong
by Squishybrain
1
Boeing Taking Off?!? ✈️Swing Idea: Boeing NYSE:BA broke out of the Daily descending channel and has consolidated into a flag pattern. Nice volume accumulation during this past week with a strong candle on Friday. Plan : If SPY turns green this next week I like BA for a swing over $220 with initial PT of $240. Watching 3/19 $240 Calls (3.10/3.25). I will only look to enter BA if the market looks stronger. BA can be a tricky swing due to its constant news reactions but it reacted positively this past Friday (2/19) with hopeful outlook on easing COVID restrictions. Airbus CEO also called for a "cease-fire" in regards to trans-atlantic trade tariffs on airplane subsidies. If there is + news in regards to the airplane trade tariffs I expect BA to move on that news. Volume: BA trades with an avg volume of 11.28 million over the last 30 days. Would love to see >15 million volume and a bullish close to signify some momentum coming into BA. LVN: If we break over $220 I'm going to be watching the LVN at $223-230 to see if we accelerate through the resistance at $227 or fail to break above. Not a bad spot to take some profits if you're in the swings in case BA retraces from $227. *I am expecting this to be a slower developer unless news is released. So, keep an eye on the news cycle regarding trade, COVID, and airline/travel. *I am also a long term holder of BA shares
NYSE:BALong
by DOpeTrades
9
Buy $BA - NRPicks Ene 31Boeing is a leading aerospace and defense company. Headquartered in Chicago, the firm operates in four segments, Commercial Airplanes, Defense, Space and Security, Global Services and Boeing Capital. Boeing's commercial aircraft segment generally produces about 60% of sales and two-thirds of operating profit. Due to the restrictions, the company has experienced order cancellations, resulting in reduced sales. The company could be considered very important, as it is one of the two companies supplying the airline sector. On the financial side, it has consistent debt with respect to its competitors. Fundamentals: - Value - 54.2% estimated net earnings growth for the next 3 years. - ROE 10.5% VS 12.4% industry. - Price to Book 1.1x VS 1.2x industry. Technicals: - Price level below SMA 250-200-150. - Williams R% at -89% levels - RSI (40) Neutral - -6% average downside during the month A 20% correction was presented from Dec. 7 to Jan. 27, which stopped at $193.5 support. The stock has no key fundamental reasons for a pullback, in addition, some analysts have raised its target price which should resume the uptrend. Finally, the technical indicators show a positive buy signal.
NYSE:BALong
by NewroadTrader
BOEING stocks expected movement!Hi every one BOEING CO the BA stocks chart shows that the market is in an ascending triangle this means that after breaking of the triangle upwardly we shall expect that the projected price movement to be as good as the measured price movement note that the market might experience a little bit of decreasing movement and than starts it's upward movement Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck.
NYSE:BALong
by CobraVanguard
16