For email with free stock picks send request at This email address is being protected from spambots. You need JavaScript enabled to view it. and your email will be on the list.
Please add your name
Dear traders,
I like to say few words about market moment. I believe that chart will say million words and because of that brought DIA, SPY and QQQ monthly time frame chart. I hope that you all will see and understand my concern about long side. We can see that indices hit resistance area and right now I see indecision. Easily we can see pull back and correction but also, we can see breakout and another move up. Last few days because of that, I missed several nice individuals moves up and I hope those charts will show you and you will understand why. I still think that we have indecision and result is, for me, higher trading risk. If will be chances I will take some trades next week but I like to note that my risk will be smaller than usual. We can't know where market will go. We can predict where market will go but for sure we can't know that, but we can recognize trading risk and I think that we have that situation. I truly hope that make sense to all and if anyone will have any question please let me know and I will be happy to explain.
Day - swing trade corner
CL - long trade
Trading plan:
Entry price: for members
Stop price: for members
Target area: for members
Type: for members
Trade explanation:: for any questions please feel free to contact me at: This email address is being protected from spambots. You need JavaScript enabled to view it.
FHN - long trade
Trading plan:
Entry price: for members
Stop price: for members
Target area: for members
Type: for members
Trade explanation:: for any questions please feel free to contact me at: This email address is being protected from spambots. You need JavaScript enabled to view it.
EBAY - long trade
Trading plan:
Entry price: for members
Stop price: for members
Target area: for members
Type: for members
Trade explanation:: for any questions please feel free to contact me at: This email address is being protected from spambots. You need JavaScript enabled to view it.
FSLR - short trade
Trading plan:
Entry price: for members
Stop price: for members
Target area: for members
Type: for members
Trade explanation:: for any questions please feel free to contact me at: This email address is being protected from spambots. You need JavaScript enabled to view it.
Wish you all good trading
For intraday follow-up analysis and trading plan (entry, exit
and target) on this and other charts, please sign up
for a Free 15-Day Trial to Chart Ideas Trading Service!
This email address is being protected from spambots. You need JavaScript enabled to view it.
Membership Benefits:
-
Daily Watch List With The Best Trade Ideas For The Day
-
Trade Setups With Entry And Exit Instructions
-
Technical Chart Analysis
-
Live Chat Room
-
Discussion Board
Start 15 Day Trial
Note:
Trading the Market’s open can be very unpredictable and risky. As a reminder, I will not take any new trade that sets up during the open or within the opening five minutes. If a trade sets up during that time it will be cancelled and I will look for another set up and trading plan. Simply put, any trade that sets up on the open is no longer valid. I prefer to wait at least five minutes prior to taking a new trade. The first five minutes are highly volatile and subject to many false moves increasing the risk greatly. I just want to make everyone aware of the increased risk if you choose to take a trade during this time.
PLEASE NOTE:
The primary focus is to find Swing Trades. I look for intraday setups that have a potential to become swing trades.Since traders area diverse I do post additional ideas (day trades, position trades and scalp trades). It is up to you to decide which trades are appropriate for your trading style. I do NOT personally take every trade (I don't trade scalp and fast trades). Your success depends on YOU taking trades you understand and like. I am always available to contact for additional trade explanation.
TRADING THE OPEN
During normal market conditions our regular setups generally do very well regardless what time they are taken. Trading right at the open always adds risk. It is recommended that new trades not be taken for the first 5 minutes the market is open. I will treat each new trade that sets up during this time as a gap trade and wait till the stock comes back and takes out its 15 minute high or low.
Trading is risky. It is our job as traders to reduce this risk and increase our chances of success.
IMPORTANT:
Take only the opportunities that you really like and understand. Always enter a trade with a trading plan. If you have any questions, please feel free to ask me. There is a much greater chance of success in your trading if you understand the trade. That is very important. Taking just a few trades is enough to be a successful trader. Over trading is probably the number one reason new traders fail. I personally mostly take swing trades. Please remember to keep that in mind!!!!!!!!!!!!!!!