E-Coaching 10-28-28
Why charts work
How can we find the charts that work
Having a plan vs a prediction
Today’s Swing Trade Ideas
ARNA/Long (Healthcare Sector Biotechnology) ARNA Is a RBB pattern with a hammer that hammered in the lows and now after an extended downtrend price is starting to lead the moving averages over the 50 day simple moving average back to a tradable bullish trend. The last six bars which have been consolidation bars as well as a bullish cradle pattern. The target will be near the 200 day period moving average which is about 30% away.
My entry plan idea: On positive trading or a PBO (pullback opportunity)
My stop plan idea: A close below the T-Line for now
Good Morning,
SPY: The bulls have successfully closed above the $197.60 resistance area and the SPY has formed a rare…
Trade Ideas October 29, 2014
Today’s Swing Trade Ideas
ARNA/Long (Healthcare Sector Biotechnology) ARNA Is a RBB pattern with a hammer that hammered in the lows and now after an extended downtrend price is starting to lead the moving averages over the 50 day simple moving average back to a tradable bullish trend. The last six bars which have been consolidation bars as well as a bullish cradle pattern. The target will be near the 200 day period moving average which is about 30% away.
My entry plan idea: On positive trading or a PBO (pullback opportunity)
My stop plan idea: A close below the T-Line for now
Good Morning,
SPY: The bulls have successfully closed above the $197.60 resistance area and the SPY has formed a rare…
Today’s Swing Trade Ideas
ZLTQ/Long (Healthcare Sector Medical Devices) ZLTQ was a featured trade idea back in August 14, profit should’ve been taken on September 15 for about 48%.. ZLTQ has shown bullish strength from its PBO (pullback opportunity) to the Fibonacci 50% retracement line drawn from the July 29 low (the day before the gap) to its highs of September 12. The big three have converged with the series of Doji’s and hammer candlestick patterns That have formed a rounded bottom ready to breakout.
My entry plan idea: Positive trading above the T-Line
My stop plan idea: A close below the T-Line
Member E-Coaching tonight October 28, 8 PM Eastern in the live trading room.
Good Morning,
SPY: The bulls continue to control the direction of the T-Line and hold their position above the T-Line. The last few candlesticks have formed an…
Trade Ideas October 28, 2014
Today’s Swing Trade Ideas
ZLTQ/Long (Healthcare Sector Medical Devices) ZLTQ was a featured trade idea back in August 14, profit should’ve been taken on September 15 for about 48%.. ZLTQ has shown bullish strength from its PBO (pullback opportunity) to the Fibonacci 50% retracement line drawn from the July 29 low (the day before the gap) to its highs of September 12. The big three have converged with the series of Doji’s and hammer candlestick patterns That have formed a rounded bottom ready to breakout.
My entry plan idea: Positive trading above the T-Line
My stop plan idea: A close below the T-Line
Member E-Coaching tonight October 28, 8 PM Eastern in the live trading room.
Good Morning,
SPY: The bulls continue to control the direction of the T-Line and hold their position above the T-Line. The last few candlesticks have formed an…
Trade Ideas October 27, 2014
Today’s Swing Trade Ideas
SPEX/Long (Industrial Sector Business Services) SPEX has been forming a fry pan bottom for the last four months and recently closed over the 50-day simple moving average on volume. It then consolidated for a few weeks and is now back over the 50-day simple moving average with the T-Line and the 20-day simple moving average following price. With the close of Friday, we have formed a rounded bottom breakout. With about 90% possible profit to the 200-day simple moving average, SPEX could be a profit maker. Back on September 30, I did buy and have continued to hold. As of Friday’s close with a 12% profit, SPEX is now set up to grab a good piece of that 90% possible profit.
My entry plan idea: (Already long) Buy or add more on an intraday pullback
My stop plan idea: A close below the 50-day simple moving average for now
Good Morning,
SPY: I would suspect that all eyes will be watching what price does with the…
