This trade goes long when the last change was higher and accelerating. The short term trend accelerating higher is stronger than the long term trend accelerating higher. Trend trade ideaīuy $ 63,563 USD of Snapchat, take profit at $ 12.3091 level with 25.0% odds for a $ 1,718 USD gain, stop outat $ 11.3364 with 50.0% odds for a $ 1,000 USD loss through a one Week time horizon Intraday predictions Taking into account the long term trend accelerating higher, we propose a long trade idea with time horizon. Over the past 20 days, the average return per day has been 0.9625% percent. Over the past 20 Days, the price has increased by 19.25% percent. The average return on days where the price decreased is -2.6972% Performance The average return on days where the price increased is 3.9469% Over the past 20 days, the Snapchat price increased 11 days and decreased 9 days.įor every up day, there were 0.82 down days. In the long term Snapchat has been accelerating higher. In the short term Snapchat has been accelerating higher. Trend Trading, however is different than scalping due to the time horizon of the trade as trend following trades will take a week while scalping is done on a daily or intraday basis. The following trade idea is a trend following trade idea which takes the assumption that the market will continue moving in the way it has over the previous sessions. Trends are successive upwards and downwards movements in price that occur at a greater frequency than would be predicted by randomness alone. Share: Introduction VolatilityMarkets trend following tradeĪccording to AQR the quantitative hedge fund and Yale University, over the past 100 years markets moved in trends.
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