Watch ideas: 09/12/2007 Long: http://www.ivicacharts.com/diagrams/2007/09122007woof.jpg Short: http://www.ivicacharts.com/diagrams/2007/09122007clf.jpg Good luck trading today!!!! Ivica Juracic
Seems like you are the only one posting this thread and do not respond to others responses. Looks like you are talking to yourself!!!
Watch ideas: 09/14/2007 Long: http://www.ivicacharts.com/diagrams/2007/09142007cg.jpg Short: http://www.ivicacharts.com/diagrams/2007/09142007son.jpg Good luck trading today!!!! Ivica Juracic
Well, maybe you are right. I trying to bring ideas here for future day. From views I think that some traders watch this thread, and I hope they like it and they understand my style, but if I will feel that no one care I will stop doing this. Thank you for opinion and good luck
Thank you zmui. Watch ideas: 09/18/2007 Short: http://www.ivicacharts.com/diagrams/2007/09182007paas.jpg Good luck trading today!!!! Ivica Juracic
Watch ideas for 09/20/2007 Hi all, I will little talk about moving averages. I wonât cover all, because that will be to long post, but I will cover 10sma and 20sma. Both are very useful tool for trend determination and for low risk setups. My members asked me how long I wait for consolidation, when is too early or too late. One of tools to help us with that is 10sma and. 20sma. Iâm trend trader and I need patterns as best tools for low risk setups. That is most important because without good risk/reward trades on longer term we canât be successful. For that we need patterns (triangle, base, flag) to cut risk and for good trading plan. Since Iâm breakout trader my focus are breakouts. Chart will explain more then thousand words. http://www.ivicacharts.com/diagrams/2007/09202007tsm.jpg This is TSM 30 min chart. We can see that after nice move up, with strong volume and strong breakout pace, TSM started with consolidation near highs. Right now range is tight and coming to 20sma 30 min support area (blue line) I will look for bounce from 20sma and setup is above red pivot bar. Stop is under 20sma. It is important to see reaction on Wednesday high of the day, breakout pace and volume. We want all in our favor for possible good risk reward trade. Target will be 10.50 areas what is equal move and number resistance area. Next example is GNK. http://www.ivicacharts.com/diagrams/2007/09202007gnk.jpg Same reason, just this time we can see bull flag. I will look for 60 as target area. Reason for that is equal move and number resistance area. Important is to pay attention on Wednesday high resistance area, pace and volume. Those are two examples how I use 20sma tool. If chart will continue with consolidation despite of 20sma support area, breakout risk will increase and in that case I will leave that opportunity, unless âwhole pictureâ is really nice and I use intraday pattern for swing trade. Hope all above makes sense. If anyone will have any question feels free to contact me. Good luck all Ivica
Hello all, Hope you all saw yesterday post. If you remember (you can look yesterday post), I was talk about 20sma as very powerful tool in combination with âwhole pictureâ. GNK was idea and I was look for bounce from 20sma on the 30 min chart. Setup was above previous high and we took at around $58.40, with stop under 57.90. HNK saw target area and much more. If anyone took it and closed at target area, we can see that GNK gave us several 5 min setups. Here is chart before setup: http://www.ivicacharts.com/diagrams/2007/09202007gnk.jpg This is chart after setup. http://www.ivicacharts.com/diagrams/2007/09212007gnk.jpg This is chart after setup. Take a look at brow3n line (10sma). It is very good trend determination line. For strong uptrend move we want see chart above 10sma and with 20sma can be very powerful tool if you know how to use it. I have several ideas for today (STLD, HLS etc) but since we have option expiration day I like to watch open first and then I will bring updates during market hours. Good luck all Ivica