Trade Ideas November 10, 2014

Today's Swing Trade Ideas

REXX/Long  (Energy Sector Oil and Gas)  With a close over the T-Line REXX will confirm our pinball setup strategy, prices found that the T-Line can be a strong resistance line and keep price pushed down, Friday price took control and closed over the T-Line following a double hammer bottom.  With about 20% to the pinball target.  Remember to keep your stops in place and trade with your rules.

My entry plan idea:  Below $8.27 and above $7.38
My stop plan idea:    A close below the T-Line

Good Morning,

SPY:   The spy continues its bullish journey and has had only PBO profit taking signals...

SPY:   The spy continues its bullish journey and has had only PBO profit taking signals and no bearish reversal signals.  Price action and the T-Line have continued their bullish path from mid October and without any major sell signals the path could easily continue to the following numbers.  204.30ish, 206.75ish, 208.70ish, 2019.59ish.

If you find yourself worrying about a top, you should be but and at some point it will come, we will see it in a candlestick chart pattern.  This will be our warning signal, trying to anticipate and beat the sell signal usually fails in disaster.

 IWM:   Last week IWM has printed a bullish flag after a bullish journey accompanied by the T-Line as support cutting through the 20 day simple moving average, the 50 simple moving average and the 200 day moving average not to mention the downtrend line.  Like the spy if you're concerned about a bearish reversal signal it will be visible when it happens, until then the trend is your friend and we like to use the T-Line as our trend.

Each day I post a 10 -15 stocks in the members area that I believe are poised to move 10-20% (maybe more) within the next few days based on the charts. As you know some work and some don't…Welcome to trading. Please follow your trading rules for entry stops and profits.

URZ - up 20.79% in 2 days

RPRX - Friday was a nice 1 day trade for 18.38% thanks to a member in the trading room!

Investing and Trading involves significant financial risk and is not suitable for everyone. No communication or chat sessions should be considered as financial or trading advice. All information is intended for Educational Purposes Only.

This Week's Economic Calendar---> Click Here

Members Trade Ideas -  Members Only

In the members area you will find 10-15 trade ideas every day

 

Investing and Trading involves significant financial risk and is not suitable for everyone. No communication or chat sessions should be considered as financial or trading advice. All information is intended for Educational Purposes Only.

Symbols for

members only

Date  Long/Short Try our Membership, Check out the Trading Room
11-7-14 Long
11-5-14 Long Buy on positive trading
11-4-14 Long Buy on positive trading
11-3-14 Long Buy on positive trading
10-30-14 Long Doji, watch it
10-29-14 Long Buy on positive trading
10-27-14 Long Buy on positive trading
10-24-14 Long Hit target +28%/Buy on positive trading
10-23-14 Long Buy on positive trading
10-21-14 Long Buy on positive trading
10-20-14 Long T-Line run/Caution profit taking
10-17-14 Long Caution/follow the candles
10-14-14 Long Buy on positive trading
10-9-14 Long Buy on positive trading PBO
10-2-14 Long Buy on positive trading
9-25-14 Long Be a profit trader
9-5-14 Long Manage carefully
8-28-14 Long Close on weakness
8-14-14 Long Target hit + 35.5%/Buy on positive trading
8-13-14 Long Target Hit +29%/Buy on positive trading
7-8-14 Long Buy on positive trading

 

VXX S&P 500 VIX Short Term Futures:  A close below the T-Line ™ implies the bearish short-term swing traders are in control, Yesterday's candle implies sellers are in control.

Energy Sector: XLE, SX90, ERX  A close above the  T-Line ™  implies the bullish short-term swing traders are in control.  The current candle pattern implies a the buyers are taking control.

TLT: A close above the  T-Line ™ implies the bullish short-term swing traders are in control. Yesterday's Morning Star signal implies the buyers are taking control.

The information in this email and Blog Post are notes to myself and should be construed as financial or trading advice.

 

Investing and Trading involves significant financial risk. No communication should be construed as financial or trading advice. All information provided is for Educational Purposes Only.

Investing and Trading involves significant financial risk and is not suitable for everyone. No communication or chat sessions should be considered as financial or trading advice. All information is intended for Educational Purposes Only.

http://hitandruncandlesticks.com Trading for Profit is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not tell or suggest which securities or currencies customers or subscriber should buy or sell. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here.

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