Learn to Trade

I thought prop firms taught you a strategy or strategies, and you traded those.

 

We trade NYSE stocks and the strategy they teach us is completely based on the open book and readng the specialist. I feel more comfortable using charts as a suplement.

 

July 10: Stocks to watch tommorrow.

Long: GTI, TSG, TER
Short: ALKS, ACS, CTMI, HET, Residential Construction.

 

MEE printed a nice inside day today - adding to the consolidation below the 50DMA. Looks like a great short on a break of yesterday's low.

 

I can't say that I blame you there.

 

FRNT has worked out well.

UIS has formed a pennant on the daily chart. And... even though there is a neatly packaged NR4/ID to go with it, today actually was an NR7/ID. Also today's range besides being narrow, was less than half the normal 30 day ATR of 44.

 

BZH just broke support, I'm short

 

Wow the BZH daily chart looks great for a short.

 

Looked a lot better at $95.00.....purely from a risk/reward view.

 

UIS is working out.