DADE long above: 41.22, stop under: 41.00, target: 42 areas DT http://www.swingcharts.net/Ivica/2006/09112006dade.jpg Earning date: July 25, 2006 ivica
People who follow my work know that I really like when a triple top or bottom tries to break. This is one of my favorite patterns. Most of time we could say the breakout on the 3rd try is the charm. . While learning and honing my skills I would often get faked out with lots of flags and too often made the wrong decision with the gradual selling. I would often see a slightly new high or a double top (2T pattern). At that time I didnât know how to react in that situation. So I had problems with flags intra day. In that case lots of time after double top, or slightly higher high you will see another pull back (smaller then previous) and you will get triangle formation. Risk is what I really like in that pattern. Risk is always smaller and smaller. Here is one example what you can see on watch list what I send here in forum. AAI was setup from 09/06/2006 symbol AAI date entry 09/06/2006 entry 10.95 stop 11.29 trailing stop 11.00 target area 10.00 exit 9.10 % result 16.89 result 1.85 risk/ reward 5.44 http://www.swingcharts.net/Ivica/2006/09062006aai.jpg Yesterday AAI was open with the nice gap down and finished morning selling at second target area. On daily chart above you can see nice triangle action with 3rd try to break down. After 5 min action I marked high and that was trailing stop for AAI. You all know that my main measure for success is risk/ reward, and on AAI example you can see that is over 5. This mean that my reward is 5 times bigger then my risk in this trade. http://www.swingcharts.net/Ivica/2006/09112006aai.jpg This is chart after yesterday action and from there you can clearly see action. . If anyone will have any question feels free to contact me. Ivica Juracic
Watch list for 09/12/2006 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. Overtrading is probably the number one reason new traders fail. I personally mostly take swing trades. Please remember to keep that in mind!!!!!!!!!!!!!!! LONG: Swing possibilities (ST-PT) RTN long above: 48.00, stop under: 47.43, target: 50 areas ST http://www.swingcharts.net/Ivica/2006/09122006rtn.jpg Earning date: Oct 26, 2006 SHLD long above: 152.50, stop under: 148.25, target: 160 areas ST http://www.swingcharts.net/Ivica/2006/09122006shld.jpg Earning date: Aug 17, 2006 BIDU long above: 80.62, stop under: 77.80, target: 90 areas ST http://www.swingcharts.net/Ivica/2006/09122006bidu.jpg Earning date: July 26, 2006 NTLI long above: 27.31, stop under: 26.32, target: 30 areas ST http://www.swingcharts.net/Ivica/2006/09122006ntli.jpg Earning date: Aug 08, 2006 IGT is still valid http://www.swingcharts.net/Ivica/2006/09112006igt.jpg Day trade possibilities (DT-ST) DADE long above: 41.27, stop under: 40.73, target: 42 (43) areas DT-ST http://www.swingcharts.net/Ivica/2006/09122006dade.jpg Earning date: July 25, 2006 Watch ideas: Long: http://www.swingcharts.net/Ivica/2006/09122006pssi.jpg http://www.swingcharts.net/Ivica/2006/09122006knd.jpg http://www.swingcharts.net/Ivica/2006/09122006vclk.jpg http://www.swingcharts.net/Ivica/2006/09122006wynn.jpg Short: http://www.swingcharts.net/Ivica/2006/09122006pacr.jpg http://www.swingcharts.net/Ivica/2006/09122006ndaq.jpg I am always available via email if you have any questions. danded2005@inet.hr Good luck trading today!!!! Ivica Juracic DT - day trade ST â swing trade PT â position trade DT-ST â starting with day trade and can turn to swing trade ST-PT â staring with swing trade and can turn to position trade Tracking records: http://www.swingcharts.net/Ivica/2006/dwl052006.htm http://www.swingcharts.net/Ivica/2006/dwl062006.htm http://www.swingcharts.net/Ivica/2006/dwl072006.htm - for July http://www.swingcharts.net/Ivica/2006/dwl082006.htm - for August http://www.swingcharts.net/Ivica/2006/dwl092006.htm - for September
Market commentary for 09/12/2006: Good day! Yesterday was an interesting day. We had a weak open and continued selling until Thursdays lows became the support area. That area held and we experienced a strong market reversal. The QQQQ was by far the strongest indice on the 15 min chart. This strength concerns me because the Spy and DIA did not follow its action meaning we probably will not get a continuation rally moving forward. I would like to see some consolidation of all the indices on the 15/30 min charts. It will be best if we see a range day near yesterdays highs with a continuation through to Wednesday. I still think we will remain with a daily consolidation and another move down as seen from the daily charts. I think yesterday''s QQQQ intraday move was a false move up to catch long traders. Perhaps I am wrong but I don't trust the long side without confirmation of the other indices. Today I expect to be another consolidation day that brings added risk to the market. Every market move up or down will be based on intraday moves since the market needs more rest on the daily chart for a low risk breakout. http://www.swingcharts.net/Ivica/2006/09122006qqqq.jpg http://www.swingcharts.net/Ivica/2006/09122006spy.jpg http://www.swingcharts.net/Ivica/2006/09122006dia.jpg I am always available via email if you have any questions. danded2005@inet.hr Good luck trading today!!!! Ivica Juracic
STOCK SWING TRADE: SHORT SETUP BIIB under 43.15, stop above: 44.20, target 40 area http://www.swingcharts.net/Ivica/2006/09122006biib.jpg Good luck Ivica Juracic
EAT Setup date: 09/06/2006 Long above: 38.90 stop under: 38.42 Setup chart: http://www.swingcharts.net/Ivica/2006/09062006eat.jpg Exit chart: http://www.swingcharts.net/Ivica/2006/09132006eat.jpg Congratulations for all who took that trade. If you want more information please feel free to contact me. Good luck Ivica Juracic
Watch list for 09/13/2006 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. Overtrading is probably the number one reason new traders fail. I personally mostly take swing trades. Please remember to keep that in mind!!!!!!!!!!!!!!! LONG: Swing possibilities (ST-PT) KND long above: 32.00, stop under: 30.50, target: 35 areas ST http://www.swingcharts.net/Ivica/2006/09132006knd.jpg Earning date: July 31, 2006 I am always available via email if you want more ideas or have any questions. danded2005@inet.hr Good luck trading today!!!! Ivica Juracic
Watch list for 09/14/2006 LONG: Swing possibilities (ST-PT) KND long above: 32.00, stop under: 30.50, target: 35 areas ST http://www.swingcharts.net/Ivica/2006/09142006knd.jpg Earning date: July 31, 2006 Day trade possibilities (DT-ST) WEBX long above: 38.65 (38.55), stop under: 38.24, target: 40 areas DT http://www.swingcharts.net/Ivica/2006/09142006webx.jpg Earning date: July 26, 2006 CTL long above: 40.00, stop under: 37.75, target: 41 areas DT-ST http://www.swingcharts.net/Ivica/2006/09142006ctl.jpg Earning date: July 27, 2006 MHP long above: 57.03, stop under: 56.78, target: 58 areas DT http://www.swingcharts.net/Ivica/2006/09142006mhp.jpg Earning date: July 25, 2006
Only reason why I do that is that others can see that new earning report isnât that soon. I use Yahoo earnings source for that information, and since there is no new update I use old one and other can see that specific call isnât in early dangerous of earning news. Ivica