swing-day trading US stocks

HI all.
I'm new here and my idea is to post some charts what I use for trading. I'm profesional trader and in this bussiness 7 years...so if that is ok..like to hear comments from other what they mean about them.

P.s. my pologies for english misstakes, isnt my 1st language

Here are few ideas for MondayWatch list for 07/17/2006

LONG:
Swing possibilities (ST-PT)

N long above: 67.79, stop under: 65.47, target: open ST http://www.swingcharts.net/Ivica/2006/07172006n.jpg
BIDU long above: 55.57, stop under: 85.21, target: open ST http://www.swingcharts.net/Ivica/2006/07172006bidu.jpg

SHORT:
Swing possibilities (ST-PT)

UB short under: 62.66, stop above: 63.20, target: 60 areas ST http://www.swingcharts.net/Ivica/2006/07172006ub.jpg

Day trade possibilities (DT-ST)

CLDN short under: 18.72, stop above: 19.11, target: 17.75 areas DT http://www.swingcharts.net/Ivica/2006/07172006cldn.jpg

I'm breakout trader. Using technical analyst. Generaly idea is to buy strong and short weak stock, so I look for continuations. Also can buy weak stock but only if have reversal pattern.

Ivica

 

Market commentary:

Good day! At Friday we got another round of selling. Market is again at support area and we already saw few strong selling days in row. That brings us in more risky area for new shorts. So every new short setup is high risk trade, and we must count that in risk management. We can still see more selling at Monday as more flush out weak hands but my main look will be on intraday reversal. I will expect that reversal is around and after that strong selling market need rest, for new swing round of selling possibility.

http://www.swingcharts.net/Ivica/2006/07172006qqqq.jpg


Same is in every strong run. After strong run we need rest so that is case what we need now for swing possibility. That mean new swing trades are now high risk trades and after scanning I didn’t see much possibilities what I like
http://www.swingcharts.net/Ivica/2006/07172006spy.jpg


We can expect to see consolidation week, or better weeks for better risk. Important for every trader is to understand risk what have before will take any trade. Ideas what I bring for Monday include that.

http://www.swingcharts.net/Ivica/2006/07172006dia.jpg


So I will trade with small risk until will see market support. If position will go well I will add on first opportunity. Remember that cash is position to, and you must save you capital for better market, and right now is that market action. Also is very important to take only trades what really understand and like. Without that you won’t feel good in them and that can lead to mistakes. So advices for Monday and next week area trade small, trade smart and use small risk. Better market will come and important to not bring yourself in trouble before that. Isn’t every market good for trading.

 

How long are these positions held for? On average. Thanks

 

Depend. If is swing trade (ST) then few days to few weeks, if is day trade (DT) then I hope to see intraday move, but if will be good to stay in it for next day I will do that. All depend on intraday action. because of that I bring in every trade idea ST or DT. So N is for sure swing trade idea...and CLDN definetly day trade idea, and if wont go I will close it. Just please again note about risk at monday. Will be higher risk and I will trade only with half lots

DT - day trade
ST – swing trade
PT – position trade
DT-ST – starting with day trade and can turn to swing trade
ST-PT – staring with swing trade and can turn to position trade

 

Hi Ivica. Do you use some sort of scanning software to find set ups like CLDN for your daytrades?

 

I had before, but right now I do just manual scanning. I use for now qcharts and I go over all sectors, sort them by volume and I look every daily chart. If I like daily chart then I will go over my scanning screen

http://www.swingcharts.net/Ivica/class/scanning screen.jpg
Then I will look whole picture and will decide if I like it or not.

Ivica

 

NICE SET-UPS, GOOD LUCK!

 

thanks a lot for opinion

 

Watch list for 07/18/2006

LONG:
Swing possibilities (ST-PT)

POS long above: 28.83, stop under: 27.25, target: open ST http://www.swingcharts.netl/Ivica/2006/07182006pos.jpg
TXU long above: 61.35, stop under: 58.89, target: open ST http://www.swingcharts.netl/Ivica/2006/07182006txu.jpg
N from yesterday still valid
http://www.swingcharts.netl/Ivica/2006/07172006n.jpg


SHORT:

Day trade possibilities (DT-ST)

BXP short under: 91.44, stop above: 92.23, target: 90 areas DT http://www.swingcharts.netl/Ivica/2006/07182006bxp.jpg


Watch ideas:

Long: PNC, PWI, UST, D, RRI, BCR, ISRG, NARA
Short: MNST, ACL, CHT, RGS, GAP, VNO, ZBRA, FFIV, ITRI

 

ivica - the charts arent loading?

anyone else having problems?