swing-day trading US stocks

Discussion in 'Journals' started by ivica, Jul 16, 2006.

  1. ivica

    ivica

    BONT mini lesson

    When someone asks me about the any stock or the any chart I want see a whole picture before I will bring answer. For me that is view on the intraday charts and the bigger time frame charts. I got private message about BONT, and as usual I go over the whole screen and I really liked what I see. I see a combination.
    http://www.swingcharts.net/Ivica/2006/bont.jpg
    First I always take a look at the daily chart. On BONT you can see nice trap action today. Yesterday BONT closed near the low of the day and today had open above the yesterday high of the day. That will bring some panic for short traders because lots of them will use high of the day for stop price. That action will help buyers and came bring more buyers what is always good. Also you can see that with that action BONT broken daily triangle consolidation. After when I see the daily chart I go on the weekly chart to see bigger time frame trend. You can see that situation is nice. On the weekly chart we have triangle consolidation after the nice move up. This is not enough consolidation for the equal move but it is for move to the weekly highs.
    OK let’s see intraday charts. After the morning gap up and run right at the open BONT gave us nice 5 min small triangle (consolidation). This small range giving us great risk reward/opportunity. Also that is nice 30 min continuation pattern. So in this case we can use BONT for swing trade and for day trade. . Day trade trading plan is on the 5 min chart. Long above 35 with stop under consolidation. Risk reward is great on that. Also can use for swing trade with same setup, above 35, but then we must use bigger stop in case that BONT could see false breakout and more consolidation. I used 200sma 15 min for that. So under 34 as whole number resistance area. Now when we saw really nice move, I just move my swing stop to breakeven area and I will wait. Of course trader can protect something, or not. That area is very personal and it is up to trader.
     
    #191     Nov 29, 2006
  2. ivica

    ivica

    Market commentary for 11/30/2006

    Good day!
    Trying to explain the action yesterday is impossible. I can say whippy at best. First the market reacted to better than expected GDP numbers, then the market reacted to the oil inventory draw down greater than expected, then the market reacted to BA airlines finding radiation on some airplanes, then the market reacted to a beige book that was more benign than expected, add oil jumping 1.50 and finally end of the year buying and selling, we had a whippy day.
    The SPY showed the most strength with the QQQQ a bit weaker. Most of morning we had divergence between SPY and QQQQ on the smaller time frames (2 min charts). Yesterday's action wasn’t in line with my expectations because after strong selling at Monday I didn’t expect a strong up day. Unfortunately we were kicked from most of our open short trades. We did do well with our long trades yesterday. I would like to say when trader is against market it is important not push things. It is better not to trade than overtrade. This is a very common error of most traders.
    I try to look at the market over the last couple of day as a big range consolidation. Right now I do not have a bias for today. I’m sure that swing traders will have hard time to find a number of good setups. The safest trading is going to be based on intraday moves the same as we did yesterday. The SPY daily looks like could retest daily high, but DIA and QQQQ are weaker. One scenario that I will watch for is the possible double top of the SPY and a lower high for DIA and QQQQ. With that much confusion on the charts it is difficult to know which way the market is going.
    Best to stay with what the market gives us and be fast with profits.
    Good luck trading today!!!!


    http://www.swingcharts.net/Ivica/2006/11302006qqqq.jpg
    http://www.swingcharts.net/Ivica/2006/11302006qqqq60.jpg
    http://www.swingcharts.net/Ivica/2006/11302006qqqq5.jpg

    http://www.swingcharts.net/Ivica/2006/11302006spy.jpg
    http://www.swingcharts.net/Ivica/2006/11302006spy60.jpg

    http://www.swingcharts.net/Ivica/2006/11302006dia.jpg
    http://www.swingcharts.net/Ivica/2006/11302006dia60.jpg


    Watch list for 11/30/2006

    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!!!!!!!!!!!!!!!

    I found a number of possible day trades. It is important to evaluate them after the market opens and see what action can be taken. I will bring some ideas to this daily list under "day trade possibilities". All of these ideas can be interesting only as day trades. Please don't over trade them especially if they set up at the same time. I recommend only taking trades that you really like and understanding. These ideas are just for the morning.

    I did not find very many interesting setups for swing traders this morning. My goal is to bring you lower risk, higher probability trades. The market is now is higher risk for new swing setups so the number of swing trades possibilities are fewer. I will continue to work for your long term success. So please understand why there are fewer trade possibilities.


    LONG:

    Swing possibilities (ST-PT)

    BGG long above: 27.00, stop under: 26.30, target: 29 areas ST http://www.swingcharts.net/Ivica/2006/11302006bgg.jpg
    Last/next earning date: Oct 19, 2006

    Day trade possibilities (DT-ST)

    HIMX long above: 5.20, stop under: 5.10, target: 5.50 areas DT-ST http://www.swingcharts.net/Ivica/2006/11302006himx.jpg
    Last/next earning date: Nov 06, 2006

    SHORT:

    Swing possibilities (ST-PT)

    CVD short under: 59.00, stop above: 59.50, target: 58.00 - 57.50 area ST http://www.swingcharts.net/Ivica/2006/11302006cvd.jpg
    Last/next earning date: Oct 25, 2006

    Watch ideas:

    Long:
    http://www.swingcharts.net/Ivica/2006/11302006tsra.jpg http://www.swingcharts.net/Ivica/2006/11302006blt.jpg
    http://www.swingcharts.net/Ivica/2006/11302006gpn.jpg

    Short:
    http://www.swingcharts.net/Ivica/2006/11302006ocr.jpg http://www.swingcharts.net/Ivica/2006/11302006amd.jpg http://www.swingcharts.net/Ivica/2006/11302006cogt.jpg http://www.swingcharts.net/Ivica/2006/11302006brl.jpg

    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

    If anyone need more info always can find me during trading hours in the trading room

    Good luck trading today!!!!
    Ivica Juracic


    Tracking records:
    http://www.swingcharts.net/Ivica/2006/dwl112006.htm - for November
     
    #192     Nov 29, 2006
  3. ivica

    ivica

    Class about moving averages from Tuesday 11/28/2006

    Today I will talk about moving averages. As you can see I try to keep my charts very simply. I don’t have many indicators on them. I use the CCI (as overbought/oversold indicator) on the daily and weekly charts only, volume on all charts and simply moving averages.
    On daily chart I use 10, 20, 50, 100, 200sma (simply moving average). Same is for weekly charts too. But on the intraday charts I use only 20sma and 200sma. I will try to explain why I use then on that way.
    I use the moving averages as support/resistances areas. They work very nice on that field. I also use them to determine the trend. I use them the same on the all time frames. I consider the most important moving averages are 20sma and 200sma. Since I use trend for my trading and I’m trend trader then it is very important for me to see which are support/resistance areas in trend market/stock. You can see a lot of time when I have question in trading room that my answer is same: more rest will be better, fast trade only etc. Rest is reason for that. After every move a stock or the market needs to rest and needs time for that. After 7 years of experience I can measure that by eyes but to get there I used tools and that were simply moving averages.
    I wait for the consolidation (rest) to come to the 20sma and then I look for a bounce from that area.
    http://www.swingcharts.net/Ivica/2006/COHsma.jpg
    COH daily chart is very nice example. You can see that after strong move up COH started with consolidation and when it came to the 20sma COH bounced on new daily high. Those in room can remember that we followed that one. Now this is generally the idea and that is what we can expect in a trend stock. In that case I will go on intraday charts and then will look for intraday setup (base, triangle, and flag). COH risk was around 30cents and brought a move of 2-3 bucks. That is most important to be profitable, good risk/reward. Now when we know that 20sma is support/resistance area it sounds logical to wait that to have that as support on setup. If you take it before then you can often see a false breakout and pullback to support area.
    Important is that if you follow charts all the time and you can expect that most of the time the first try to break any support /resistance area will hold. That knowledge we use a lot in our trading. So when I say it needs more rest, fast trade only etc I told that because that isn’t low risk setup and my main focus is to find those setups. Now is logical to have 20sma as support in a trade and that can bring lower risk trade if we know that most of time 1st try to break that support will hold and in trend stocks will bring bounce what we can use for our setups.
    http://www.swingcharts.net/Ivica/2006/11142006rvsn.jpg
    This is another chart where you can see hold 20sma hold and how we can use that advantage.
    RVSN had a nice consolidation on the 15 min chart after move up in the morning and then it bounced after it touched the 20sma. I use that knowledge to make good risk/reward.
    On daily and weekly chart I like to use 10sma too. It is good trend indicator, especially for strong trends. If we will see bounce from 10sma that chart want tell us how strong is that trend. Most of time we don’t have enough rest in that situations but if I will see that possibility on bigger time frames I will use that for intraday setups and then will try to take advantage of that situation on that way. On the intraday charts I don’t use 10sma because it is mostly for strong and fast moves and I explained in the room that I’m not best with fast trades. But those who are fast traders can use them on the same way as 20sma. The bounce from 10sma will tell you that we have stronger trend then in 10sma case.
    http://www.swingcharts.net/Ivica/2006/QQQQsma.jpg
    On this daily QQQQ chart you can see what I mean with 20sma and 10sma. You can see how 10sma and 20sma hold this daily uptrend move. So how we go with bigger SMA is logical that is trend pace smaller. On the daily charts because of that I use 50sma for smaller trend pace, but still trend chart. Again that is same reason why I use on bigger time frames all moving averages and on intraday only 20sma and 200sma. 100sma and 200sma I use for support/resistance area. Not for trend determination, but on the all time frames 200sma will bring support/resistance area, and I use them for my trading plan, trailing stop etc.
    http://www.swingcharts.net/Ivica/2006/ALXNsma.jpg
    http://www.swingcharts.net/Ivica/2006/synasma.jpg
    http://www.swingcharts.net/Ivica/2006/affxsma.jpg
    Here are few examples on daily charts. Good part is that we can use for all time frames. When I see that possibility on bigger time frame (daily, weekly) I will go on intraday charts and I will try to find setup there and with bigger time frame combination we can get extremely good risk/rewards. ALXN is one of those examples. When I see that situation on intraday charts I will use that mostly for day trades, but as usual only that isn’t enough to be successful trader. This is just part in whole mosaic. But this is great tool and very profitable tool.
    To be successful trader you don’t need to know a ton of patterns and setups. You need to know just few of them, most familiar for you. But you must know all about those setups what is familiar with you. When you came to that level, you just need to research and wait to see situation what you know and form there you will take your profit. Like a hunter you must wait, wait, and wait. When target came, then you go and execute.
    Same is with trading.

    Next class will be at 12/05/2006 about confidence
     
    #193     Dec 2, 2006
  4. ivica

    ivica

    Market commentary for 12/04/2006

    Good day!
    Friday was another day of whippy action. The ISM coming in below expectation and it is at a point that suggests the soft landing of the economy is becoming more of a hard landing. Bargain hunting at the end of day saved the market from a bigger loss. The day started with strong selling into the daily support area. For the QQQQ and the DIA that means previous (Tuesday) low, and for the SPY that meant the Wednesday low. From this support the market bounced. This action is telling me there is a fight between buyers and sellers for market direction. On the daily charts you can see the trend line is bringing in a key support area. I think right now no one can say what direction we will see next week and we could easily see more action between these consolidation areas on the daily charts. All this continues to bring a higher risk market and swing traders will have a harder time. This is more of a market for scalp and day traders and the trader must be fast in taking profits. No matter with intraday action, we are still in a uptrend market and we must respect that. I think that we will see more selling in future but for that we don’t have clear signal. My advice is to stay nibble and in a watch mode.
    Good luck trading today!!!!

    http://www.swingcharts.net/Ivica/2006/12042006qqqq.jpg
    http://www.swingcharts.net/Ivica/2006/12042006qqqq60.jpg

    http://www.swingcharts.net/Ivica/2006/12042006spy.jpg
    http://www.swingcharts.net/Ivica/2006/12042006spy60.jpg

    http://www.swingcharts.net/Ivica/2006/12042006dia.jpg
    http://www.swingcharts.net/Ivica/2006/12042006dia60.jpg

    Watch list for 12/04/2006

    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)
    CPO long above: 36.55, stop under: 35.00, target: 40 areas ST http://www.swingcharts.net/Ivica/2006/12042006cpo.jpg
    Last/next earning date: Oct 24, 2006

    WCG long above: 65.07, stop under: 63.00 (64.00), target: 70 areas ST http://www.swingcharts.net/Ivica/2006/12042006wcg.jpg
    Last/next earning date: Nov 01, 2006

    Day trade possibilities (DT-ST)
    CCRT long above: 38.00, stop under: 37.00, target: 40 areas DT-ST http://www.swingcharts.net/Ivica/2006/12042006ccrt.jpg
    Last/next earning date: Nov 06

    SHORT:
    Swing possibilities (ST-PT)
    CVD short under: 59.00, stop above: 60.31, target: 55 areas ST http://www.swingcharts.net/Ivica/2006/12042006cvd.jpg
    Last/next earning date: Oct 25, 2006

    Day trade possibilities (DT-ST)
    COGT short under: 11.23, stop above: 11.50, target: 10 areas DT-ST http://www.swingcharts.net/Ivica/2006/12042006cogt.jpg
    Last/next earning date: Nov 02, 2006

    Watch ideas:
    Long:
    http://www.swingcharts.net/Ivica/2006/12042006cnc.jpg http://www.swingcharts.net/Ivica/2006/12042006ntg.jpg http://www.swingcharts.net/Ivica/2006/12042006tsra.jpg http://www.swingcharts.net/Ivica/2006/12042006celg.jpg

    Short:
    http://www.swingcharts.net/Ivica/2006/12042006ener.jpg

    I am always available via email and in trading room if you have any questions.
    Good luck trading today!!!!
    Ivica Juracic
     
    #194     Dec 4, 2006
  5. ivica

    ivica

    Market commentary for 12/05/2006

    Good day!

    Monday gave us continuation from Friday bounce from low. That brought the SPY on the new daily, The DIA and the QQQQ back to daily high resistance what is to big resistance area for now. If you remember market commentary from last week that is one of scenarios what we follow. Right now is important to see 30/60 min consolidation after that strong intraday move up, because form that consolidation we can predict future action. You can see on the 60 min chart that Indices need rest for possible continuation, because after that move every new setup without rest will not be low risk setup. Important is to note that volume wasn’t strong on yesterday action and that brought us to risk of possible double top pattern on the daily charts. Because of volume and 2t possibility it is more important to see today action. Traders must use extra caution because of that because if that daily pattern (double top) will come today must close follow open long trades and be prepared to protect them.
    Swing traders still have hard time to find low risk setups after that two day run because market need rest as explained above, so today I will again look for intraday moves and I don’t expect same activity as yesterday and I will be more reserved, and my focus will be to following open positions. If market will hold well then I will look to add positions on some open swing trades as BGG, PSA, and CNC but for that we must see morning action first.
    Today will good day for class in the trading room, what will focus us to not overtrade.

    Good luck trading today!!!!

    http://www.swingcharts.net/Ivica/2006/12052006qqqq.jpg
    http://www.swingcharts.net/Ivica/2006/12052006qqqq60.jpg

    http://www.swingcharts.net/Ivica/2006/12052006spy.jpg
    http://www.swingcharts.net/Ivica/2006/12052006spy60.jpg

    http://www.swingcharts.net/Ivica/2006/12052006dia.jpg
    http://www.swingcharts.net/Ivica/2006/12052006dia60.jpg

    I am always available via email and in trading room if you have any questions. danded2005@inrt.ht

    Ivica Juracic
     
    #195     Dec 5, 2006
  6. ivica

    ivica

    Market commentary for 12/07/2006

    Good day!
    When you look at the indices on the daily charts you can see yesterday was a NR7 bar (narrowest bar in the last 7 days). PRETTY BORING DAY for a day trader. We didn’t see much of a change on the daily chart, just for records the SPY made slightly higher high. On the 60 min charts you can see that SPY started to round at the highs and the QQQQ was the weakest index.
    After an NR7 bar I always look for possible trend day. What way? Who knows? With the daily action I will look for selling trend day. Unfortunately we can never know for sure. There is one way to know how to trade with high % of being in the right direction. That is waiting 60 min from the open and mark the low and high. The first direction to break is usually the way the market will go. That is not a rule, but it often works. My bias is on short side and that is because Indices are still affected with double top pattern possibility and for long side I just don’t see enough rest for low risk setup. I will follow the market as usual and I will stay with smaller risk then usual. If we are on the right side with intraday trend I will add to positions, but I will not start with full risk from start.
    Swing traders still have a harder time to find good setup and that will be same until market will gives us a good consolidation.
    Good luck trading today!!!!

    http://www.swingcharts.net/Ivica/2006/12072006qqqq.jpg
    http://www.swingcharts.net/Ivica/2006/12072006qqqq60.jpg

    http://www.swingcharts.net/Ivica/2006/12072006spy.jpg
    http://www.swingcharts.net/Ivica/2006/12072006spy60.jpg

    http://www.swingcharts.net/Ivica/2006/12072006dia.jpg
    http://www.swingcharts.net/Ivica/2006/12072006dia60.jpg


    Watch ideas:

    Long:
    http://www.swingcharts.net/Ivica/2006/12072006ice.jpg http://www.swingcharts.net/Ivica/2006/12072006gild.jpg http://www.swingcharts.net/Ivica/2006/12072006ctl.jpg

    Short:

    http://www.swingcharts.net/Ivica/2006/12072006rbak.jpg http://www.swingcharts.net/Ivica/2006/12072006fast.jpg http://www.swingcharts.net/Ivica/2006/12072006rcl.jpg

    I am always available via email and in the trading room if you have any questions.
    danded2005@inet.hr
    Good luck trading today!!!!

    Ivica Juracic

    Tracking records:
    http://www.swingcharts.net/Ivica/2006/dwl112006.htm - for November
    http://www.swingcharts.net/Ivica/2006/dwl122006.htm - for December
     
    #196     Dec 6, 2006
  7. ivica

    ivica

    Market commentary for 12/08/2006

    Good day!
    We finally saw some intraday action that was worth trading. I mentioned yesterday after a NR7 bar we have a high probability for some action. We didn’t get a classic book trend day but after strong selling in the morning and consolidation over noon we saw another selling move. That brought us to an equal move support area. On the daily chart the QQQQ broke the 20ma daily support area but it is still above the trend line and it is the same for the other Indices. For now we have not seen any bigger change on daily charts. On the bigger time frames, the market stayed strong and that is the main course which we must follow. I hope this correction on the daily charts will bring more possible long trades in the future with low risk. That was not the case last few days with such choppy market action. The SPY stayed strongest while the QQQQ stayed weakest. Since we still don’t have a longer term signal I will stick with intraday moves for now. We have open long and short swing trades and for now they doing well. For now I would use a lower risk tolerance and look for faster trades (day, scalp trades). I will look for few more days of correction on the daily chart and what is most important: pace of that correction. That could tell us about future moves, until then trade with same conditions: smaller risk, and be faster with profits.
    Good luck trading today!!!!

    http://www.swingcharts.net/Ivica/2006/12082006qqqq.jpg
    http://www.swingcharts.net/Ivica/2006/12082006qqqq60.jpg
    http://www.swingcharts.net/Ivica/2006/12082006qqqq15.jpg

    http://www.swingcharts.net/Ivica/2006/12082006spy.jpg
    http://www.swingcharts.net/Ivica/2006/12082006spy60.jpg
    http://www.swingcharts.net/Ivica/2006/12082006spy15.jpg

    http://www.swingcharts.net/Ivica/2006/12082006dia.jpg
    http://www.swingcharts.net/Ivica/2006/12082006dia60.jpg
    http://www.swingcharts.net/Ivica/2006/12082006dia15.jpg

    Watch list for 12/08/2006

    SHORT:

    AVT short under: 24.40 (24.58), stop above: 25.00, target: 23.50 DT-ST http://www.swingcharts.net/Ivica/2006/12082006avt.jpg

    ODP short under: 38.33 (38.50), stop above: 38.70, target: 37.50 areas DT-ST http://www.swingcharts.net/Ivica/2006/12082006odp.jpg


    I am always available via email and in the trading room if you have any questions or want more intraday setups.
    Good luck trading today!!!!

    Ivica Juracic



    Tracking records:
    http://www.swingcharts.net/Ivica/2006/dwl122006.htm - for December
     
    #197     Dec 8, 2006
  8. ivica

    ivica

    Market commentary for 12/12/2006

    Good day!
    Yesterday the market continued with whippy intraday action. After the morning run up the rest of day was very slow and worthless for trading. The market continues to consolidate and everything else seems to be on hold till the FMOC decision at 2:15 est. The typical FED day we have a move up in the morning. With yesterday's consolidation I expect the same for today. All morning market activity should be used for day trades only. New swing setups are usually higher risk on FED day since the post decision is whippy and very high risk. Open trades are high risk!!!! and perhaps consider closing prior to decision. Perhaps we can find a “own way” stock or just monitor open trades. I personally do not trade after the FED decision.
    Remember that Friday is option expiration day; this is the triple expiration so I anticipate whippy action all week. I would guess the direction of the market will be determined by the FED decision and their statement.
    Risk remains very high especially for swing traders; I would recommend staying with faster intraday trades.
    Today will be class in the trading room at 12 pm est., so feel free to join us, it is free!!!!!
    Good luck trading today!!!!

    http://www.swingcharts.net/Ivica/2006/12122006qqqq.jpg
    http://www.swingcharts.net/Ivica/2006/12122006qqqq60.jpg

    http://www.swingcharts.net/Ivica/2006/12122006spy.jpg
    http://www.swingcharts.net/Ivica/2006/12122006spy60.jpg

    http://www.swingcharts.net/Ivica/2006/12122006dia.jpg
    http://www.swingcharts.net/Ivica/2006/12122006dia60.jpg

    Watch list for 12/12/2006

    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)
    ALV long above: 59.26, stop under: 58.25, target: 62.00 (65.00) areas ST http://www.swingcharts.net/Ivica/2006/12122006alv.jpg
    Last/next earning date: Feb 08, 2006

    Day trade possibilities (DT-ST)
    SYK long above: 54.37, stop under: 54.08, target: 55 areas DT http://www.swingcharts.net/Ivica/2006/12122006syk.jpg

    SHORT:

    Swing possibilities (ST-PT)
    RSH short under: 16.90, stop above: 17.60, target: 15 areas ST http://www.swingcharts.net/Ivica/2006/12122006rsh.jpg
    Last/next earning date: Oct 25, 2006

    Day trade possibilities (DT-ST)
    NFI short under: 30.50, stop above: 30.62, target: 30 areas DT http://www.swingcharts.net/Ivica/2006/12122006nfi.jpg

    Watch ideas:

    Long:
    http://www.swingcharts.net/Ivica/2006/12122006dbd.jpg
    http://www.swingcharts.net/Ivica/2006/12122006pde.jpg

    Short:
    http://www.swingcharts.net/Ivica/2006/12122006bni.jpg
    http://www.swingcharts.net/Ivica/2006/12122006qlgc.jpg
    http://www.swingcharts.net/Ivica/2006/12122006eye.jpg

    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

    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
    http://www.swingcharts.net/Ivica/2006/dwl102006.htm - for October
    http://www.swingcharts.net/Ivica/2006/dwl112006.htm - for November
    http://www.swingcharts.net/Ivica/2006/dwl122006.htm - for December

    I am always available via email and in the trading room if you have any questions. danded2005@inet.hr

    Good luck trading today!!!!
    Ivica Juracic
     
    #198     Dec 12, 2006
  9. ivica

    ivica

    Market commentary for 12/13/2006


    http://www.tradingskills4profit.com
    Good day!
    Chop! Chop! Chop! All the FED did was add a bit of alacrity to the chop and still no direction. Just look at the 60min charts of the indices and that becomes quite evident. The QQQQ 60min 200ma is still holding while the consolidation is holding for the SPY and the DIA. The daily QQQQ triangle is becoming tighter and tighter and I expect some resolution soon. With option expiration Friday I doubt we will see that. In fact odds favor a false breakout that can and will trap most traders. That is why it is called a trap. In that case trading a continuation after after consolidation is high risk. The more prudent entry would be to trade a continuation pattern. Defined, that means to leave the first move or main move and look for a consolidation after the move begins and trade the continuation if the stock continues move in a favorable direction. If that doesn't work, a false breakout exists and we saved ourselves a stop. That is good way to avoid a false breakout and keep the risk low for a trade which is an important part of trading. This is time when traders must practice patience and wait. Best way to be a successful trader is to follow the market but not push market.
    Since we are still in higher risk market action again it is best to stay with faster intraday moves, and be fast with taking profits. Be careful not to over trade. Again the key word is PATIENCE!!!!
    Good luck trading today!!!!

    http://www.swingcharts.net/Ivica/2006/12122006qqqq.jpg
    http://www.swingcharts.net/Ivica/2006/12122006qqqq60.jpg

    http://www.swingcharts.net/Ivica/2006/12122006spy.jpg
    http://www.swingcharts.net/Ivica/2006/12122006spy60.jpg

    http://www.swingcharts.net/Ivica/2006/12122006dia.jpg
    http://www.swingcharts.net/Ivica/2006/12122006dia60.jpg


    http://www.swingcharts.net/Ivica/2006/dwl122006.htm - for December

    I am always available via email and in the trading room if you have any questions.
    Good luck trading today!!!!
     
    #199     Dec 13, 2006
  10. ivica

    ivica

    Watch list for 12/14/2006

    LONG:
    Day trade possibilities (DT-ST)

    SNA long above: 48.14, stop under: 48.00, target: 48.50 (49) areas http://www.swingcharts.net/Ivica/2006/12142006sna.jpg
    Last/next earning date: Oct 23, 2006


    SHORT:

    Swing possibilities (ST-PT)
    OCR short under: 40.00, stop above: 41.00, target: 35.00 areas ST http://www.swingcharts.net/Ivica/2006/12142006ocr.jpg
    Last/next earning date: Oct 31, 2006

    CTV short under: 30.00, stop above: 31.00, target: open ST
    http://www.swingcharts.net/Ivica/2006/12142006ctv.jpg
    Last/next earning date: Oct 26, 2006

    Watch ideas:
    Long:
    http://www.swingcharts.net/Ivica/2006/12142006tgt.jpg http://www.swingcharts.net/Ivica/2006/12142006gis.jpg

    Short:
    http://www.swingcharts.net/Ivica/2006/12142006cogt.jpg http://www.swingcharts.net/Ivica/2006/12142006cvd.jpg http://www.swingcharts.net/Ivica/2006/12142006sfg.jpg http://www.swingcharts.net/Ivica/2006/12142006cake.jpg

    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


    I am always available via email and in the trading room if you have any questions.

    Good luck trading today!!!!

    Ivica Juracic
    http://www.swingcharts.net/Ivica/2006/dwl122006.htm - for December
     
    #200     Dec 14, 2006