Dear GUNNER24 Traders,

 

The 1:3-Trade: Buy Cameco at 19.90

Our 1:3 trades are A) adjusted to a longer term, having a spacious stop-loss for the development not to be endangered and B) have to show a risk-reward ratio of more than 1:3.

The additionally on NYSE listed Canadian Cameco Corporation (CCJ) produces and sells uranium. It operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services. This segment also produces fuel bundles or reactor components for CANDU reactors. The company sells its uranium and fuel services to nuclear utilities in the Americas, Europe, and Asia. Cameco Corporation was incorporated in 1987 and is headquartered in Saskatoon, Canada.

Uranium Stocks woke up this week and there are signs that a sustainable short sqeeze has begun if we look at yesterday's rather spectacular daily gains of most of the leading Uranium Shares and ETF`s.

 

I went through this watchlist and found this quite sharp defined and promissing CCJ-long setup ...

Today I will start with the bigger view. Below follows the monthly CCJ-chart and a monthly 7 Candle GUNNER24 Up, starting at the # 1 // final bear market low of March 2020.

 

So we can recognize pretty well what is brewing right now.

The bull market topped so far at highs of month candle # 16. This is June 2021 bull extreme and marks highest price of entire 2021 so far. This September candle is 19th of bull market.

Above I`ve highlighted the most important tests of upper line of 1st (then support), lower line of 2nd resistance and upper line of 2nd. Perfect, yesterday top and close are at upper line of 2nd double arc from below. This upper line of 2nd became natural big bull market resistance in the recent past by # 13-spike high.

Therefore, price is now at most important bull market resistance. To the T!!!

And if overcome, baby should fly further normally and continue to squeeze the bears into at least lower DECADE resistance upmagnet which for this and the next month candles runs at the 24$.

And of course we should expect that the actual important 20.72$ will be overcome soon after yesterday`s unusual strong Uranium Sector buy signal!!!!... maybe such a next heavy buy signal is printed later today into week close or within the next few days, but maybe only after a deeper pullback which might start any hour cause price is for sure at most important bull market resistance.

September is 19th of bull market and the second candle of the rally whch started at last successful backtest of the upper line of 1st at # 18-low. So, the # 18-low found big monthly support and the support energy of the upper line of 1st is able to produce a strong rally which now is at strongest bull market resistance. To me the whole situation looks like that this bull market run has A) to test back one of the 2 identified likely future very important DECADE resistance upmagnets B) sometime in course of November 2021, what would then be the 21st month of the entire bull market.

The upper DECADE rail unites with the possible lower line of 2nd double arc uptarget at a 26.00$ to 26.50$ for the possible bull market month # 21-November 2021. ==> This combined is a MAJOR combined future price/time uptarget or MAJOR resistance upmagnet.

=> So maybe, we will observe a more or less perfect backtest of one of the weighty DECADE resistances (price targets), influenced by the 21-Fib number (time target).

==> Shortterm uptarget of the setup should be the lower of the DECADE uptargets at 24.00$. It might be worked off during # 21-November 2021.

==> Possible MAJOR short squeeze uptarget at 26.00$ to 26.50$. It might be worked off during # 21-November 2021.

Next we analyze the weekly chart together with most ruling weekly GUNNER24 Up and first compare this week rally candle to the current bull market high made at 21.45$:

 

This week candle is an unusual strong uptrend candle = rally candle, with price trading near week high and is for sure in striking distance to the 21.45$ annual high. Because of this the now very-attractive bull market high price magnet migth be hit/tested/overcome later today.

Think, the rapid test of the 21.45$ annual high is a necessity!

The next bullish odd is that this week candle will become the highest week candle close of the bull market. And IF this week will be able to close above a 21$ or so the upper line of 2nd double arc within the monthly setup would be overcome on a weekly closing base.

IF this week candle will be able close above a 20.20$ or so the above weekly 2nd double arc resistance would be overcome for sure FINALLY on a closing base.

==> If all these likely bullish outcomes have a say the correction which started at May high has ended at last successful backtest of the weekly 1st double arc main support from above and there and then a new strong bull market upcycle on daily, on weekly and on monthly base was triggered!

The 24.00$ shortterm uptarget is a combined DECADE and weekly uptarget magnet until # 21-November 2021 candle. There and then the lower DECADE resistance rail unites with the surroundings of the potential weekly lower line of 2nd double arc uptarget!

Ok, next let`s focus on probably best long entry point.

The weekly 7 Candle up setup above reveals that the 20$ surroundings now should have morphed to a combined weekly support magnet formed by the now likely finally overcome round 20$ W.D. Gann number and the natural GUNNER24 Horizontal out of now for sure overcome lower line of 2nd double arc.

This likely stronger future GUNNER24 Horizontal Support on weekly base forever runs at 19.90$ and I think this is a perfect point where we should try to buy a possibly soon necessary intraday dip or pullback on daily base.

==> 1:3-Trade Buy-Limit order at 19.90$! This Buy-Limit order is valid until next week Friday, 10th of September!

==> Shortterm uptarget of the setup should be the lower of the DECADE uptargets at 24.00$. It might be worked off during # 21-November 2021.

==> Possible MAJOR short squeeze uptarget at 26.00$ to 26.50$. It might be worked off during # 21-November 2021.

Please place the SL for this possibly triggered 1:3-CCJ long engagement at 18.60$!

Risk = 1.30$. Potential reward = 4.10$. Risk-reward ratio 1.30/4.10 or 1:3.15

GUNNER24 Trade of the Day orders for 09/03/2021:

Market: Cameco Corporation (CCJ)

Orders: Buy-Limit at 19.90. Stop-Loss (SL) at 18.60. Shortterm uptarget at 24.00. Possible major uptarget at 26.00 to 26.50$. Buy-Limit order valid until 09/10/2021.

Eduard

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I will merely analyze the market. There are so many instruments in the world outside our GUNNNER24 Traders use to trade, and hundreds of popular ones among them, often depending on a trader’s time horizons... I don’t consider me able to adjust the market recommendations to all the popular ETFs, different CFD or futures contracts. All I’ll analyze is pure market action - the index, stock or most current contract and forex!

 

The trade size you should use depends.

 

A) On your account size:

 

I usually follow the rule of thumb which says, never bet more than 1% of your account size for each trade. So I avoid overtrading...

Let’s say you have got a 30.000US$ account granting you a nominal buying power of 300.000US$ up to 500.000US$ and even more, depending on your broker and instrument. In that case your trade size shouldn’t be more than 3.000US$-5.000US$ taking into account your buying power.

 

Another - more conservative - method is taking into account the available margin. Usually, 30.000US$ account value equals 30.000US$ available for margin trading. So the trade size is 300US$ taking into account the margin.

 

Within Trade of the Day I ask you not to bet more than this 1% per any trade.

 

The other point to consider for determining the trade size is:

 

B) if your trading style is rather active, supposing you regularly have 30-50 open trades, just as I have - CFD/ETF, here some stocks, there a future contract. So I often trade risky somehow, but I split the money/bets. Even in such a nice trend as the stocks are showing currently, I never ever trade too risky. I never load the boat with 70% let 90% of my account size. 50% is the maximum.

 

I trade for my living and for my kids and wife as well. A regular income is important. The big-bang bet isn’t! The market would win such a big-bang bet for sure!! 

 

When I have a lot of open trades, maybe up to this 50% of my account size/available margin I avoid trading more. So if you are an active trader having a lot of trades running at rev limiter (50% account size) please avoid trading even though we/I give you some fresh recommendations, because this would rise YOUR risk!... During the test phase that happened frequently. We had 3-5 open trades sometimes and that’s why it’s elementary important that we/you have to use tight SL. Order management is absolutely crucial for Trade of the Day.

 

You’ll have to place really each and every order accordingly, you know. Forgetting only one time the SL would make this trade getting worse and worse…

 

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Based on the George Douglas Taylor Trading Technique that I’ve been studied and originally traded for years transferring it onto the modern markets by constant observation a five day pattern of the single days of the week has resulted.

 

The crux is not so much that the entire week has to work perfectly. Perhaps it does just at a 50% because the day patterns may shift by one or two days. In the strong upwards trends sometimes you see 4 buy days and only 1 sell day. It’s important to recognize that the day proceeds ideally-typically and to trade accordingly.

My personal trading style has always been the contrary to that of the crowds because the crowds always loose. Especially in gold and silver trading I like to buy the corrections Monday to Wednesday and on Friday if the day patterns correspond with some important GUNNER24 Signals.

I use to go short intraday just on Thursday when the week high is sold off AND provided that the corresponding GUNNER24 Setups signal so covering the shorts when the cycle is resumed.

The ideal five day pattern in an upwards trend – precious metals and US stock market – Do use those patterns for your intraday and swing activities!

 

 

Monday: Buy day. Strong up-day. Low established first. It often ends at the day high. Unthinkingly you may buy all the intraday corrections because the week high comes later in the course of the week.

Tuesday: Buy day. Weaker up-day. A higher high is produced. As early as now the crowds ponder whether the prices mightn’t run too high partially going short already. For me it’s the day when I can cover my Friday and Monday longs. In intraday I try to go long in case of corrections until the Comex opening.

Wednesday: Sell day. Actually the day for covering the longs and for the first short entry. It’s got some different forms. It closes at the same level as it had opened. Frequently at first the high is established because more and more traders short the market. Here the longs fight against the shorts. You recognize that if many teeth, many nicks, many spike candles are to be seen in the chart. On Wednesday I use to do nothing. Only at a 20 to 30% the shorter hearts are pleased because during the whole day there’s only sell-off.

Thursday: The classical sell short day. Because the Wednesdays often close as they had opened the market participants have to cover their shorts because in the beginning the market runs quickly upwards…! And frequently they turn their positions into the high direction being caught on the wrong trail again. Then the market often lays down a beautiful sell-off. In the evening mostly a strong rally follows. That’s where we cover the shorts.

Friday: Classical buy day in the upwards trend. It’s nothing for weak hands. Here’s where you buy the positions near the Thursday lows which you cover again next Tuesday/Wednesday. If you discover that the prices have steadied or even are rising a little bit by closing the five day cycle should continue in the following week.

 

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