FSLR | First Solar Trading Journal with VantagePoint

VantagePoint Trading Software is a forecasting tool that uses a combination of end of day data and artificial intelligence to provide traders a forecast of market movement 1-3 days in advance with the goal of helping them improve their timing on making trades and maximizing their profit potential. The artificial intelligence software forecasts market movement for stocks, futures, Forex and ETF markets. This journal entry looks at the recent market movements of First Solar NASDAQ: FSLR.

VantagePoint Trading Journal FSLR

FSLR had been in a tremendous uptrend since April 2017 when it traded at $27 per share.  After running the daily intelliscan, VantagePoint alerted us to a trend change after the market close on July 3rd. This trend change indicated that FSLR has moved into a bearish trend.  Before we look to take a position, we need to see a confirmation from the VantagePoint neural index, the highly accurate 48-hour indicator found exclusively in VantagePoint.  On the evening that the crossover occurred, the neural index was at a one, signaling short-term strength. This did not give us the confirmation we were looking for. So we decided to wait until we the direction of the trend and the neural index signals are aligned.

 

image of FSLR trading diary with VantagePoint
VantagePoint indicated a new crossover in FSLR on July 3rd. However, the neural index was not aligned with the direction of the trend. So we do not want to enter into a position at this time.

The next trading day sees the neural index move to the “zero” position we were looking for. This signals that we can start shorting the market to take advantage of the downtrend.  We can now look towards the VantagePoint predicted high levels, to identify favorable intraday levels to set limit orders.

On July 5th, we see the neural index aligned with the market direction. This is the signal we were waiting for to open short positions in FSLR.

We take our first positions on July 7th. We’ll look to short the market 200 shares at the entry price of $39.54. We’ll set stops at $41.40. This value is outside of the most recent predicted high level for a total risk of $372. We will also attempt to take short term profit on half of the position (100 shares) if the market reaches the July 7th predicted low price level of $37.93. This gives us a potential profit of $160.  We’ll repeat the process of following predicted high and low levels as opportunities for short-term trades as a way to limit or market risk on our core position.  As long as the blue line remains below the black line, we can hold the core 100 shares as it indicates the downtrend is still in place.

Below is a summary of the recent market movement of FSLR as of July 10th:

200 SHARES = $7,908

ENTRY Price for SHORT position on 7-5-17 = $39.54
Close price as of recent chart (7-10-17) = $39.54
Potential profit = $0.00 per share
Current Stop Loss = $41.40
This is $1.86 away from entry price and our current risk per share

How VantagePoint works

The VantagePoint Trading Software is a forecasting tool that uses a combination of end of day data and artificial intelligence to provide traders a forecast of market movement 1-3 days in advance with the goal of helping them improve their timing on making trades and maximizing their profit potential.

The artificial intelligence software forecasts market movement for stocks, futures, Forex and ETF markets.

The basic concepts operate using two indicators. The traditional simple moving average (SMA) is displayed as a black line on the charts. VantagePoint’s patented predictive moving average (PMA) is displayed as a blue line. This proprietary indicator uses artificial intelligence to analyze both the past price data of a given market and the 25-30 most influential markets and how they affect the price action of the market.

When the blue PMA line crosses the black SMA line to the upside, traders can interpret this as VantagePoint signaling a new uptrend, or bullish trend. Traders can expect the uptrend to continue if the blue line remains above the black line. The trend is over when a new crossover occurs and the blue line crosses the black line to the downside.

Conversely, if the blue PMA crosses the black SMA to the downside, VantagePoint is suggesting the start of a new bearish, or downtrend. Traders looking to short the market may find this instance as the best time to enter the market if they are looking to follow a downtrend.

A second key aspect of the VantagePoint Software is the neural index. Another patented indicator, this measures the anticipated market movement over the next 48 hours. If the software predicts the price to be higher over the next 48 hours, the green indicator line moves to the “one” position. If the prediction is for lower prices, the indicator slides down to the “zero” position.

Using the neural index in conjunction with the crossovers on the chart allows traders to easily see when a new trend is starting and what to expect from a market in the coming days. This has the potential to greatly increase a trader’s profit potential by more clearly identifying trends and entry and exit points.

image of vantage point software banner

tylerr@tradermarketinggroup.com'

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