Symbol: TBL Sector: Consumer Goods Industry: Textile - Apparel Footwear & Accessories TRADING PLAN Entry price: under $17.26 Stop price: above $16.95 Target area: 18-19 areas Chart explanation: TBL formed range bar at Friday what result with daily continuation pattern. I wonât use TBL for longer trade. Plan is intraday move and maximum day trade. TBL have room for more but for that we will need market support, and only if market will support with good healthy action TBL as swing I will stay in it over night. If anyone will have any question about TBL setup or about any other please feel free to contact me. Kind regards Ivica Juracic http://tinyurl.com/52char http://tinyurl.com/3ebxa3
Good day I think that right now we have three ways to be traders. One is cash and it is very good position right now. Other is scalp trader (that is what we doing lately) and third is to be on some other market, like FOREX. Like to share several examples what we did, but only as examples to see what is in line right now and I want to note that trading risk is extremely high and CASH is my position while PATIENCE is my best friend. Market will back that is 100% sure, but right now is best to wait that. Until then one of above explained ways are only ways to survive. Wish you all good trading. Example 1 http://tinyurl.com/4fc3s7 http://tinyurl.com/48o98g Example 2 http://tinyurl.com/3sfk2y http://tinyurl.com/44sklo Example 3 http://tinyurl.com/3ocloh http://tinyurl.com/44ptxr Example 4 http://tinyurl.com/4j7pew http://tinyurl.com/4b95hn Point is what ever we trade right now trading risk is EXTREMLY high. Every overnight position is like a gambling. Personally I stick with FOREX with small risk. There are many extended charts too. Iâm not best scalp trader and Iâm trying to avoid that setups, and if I will take it will be with very small risk and that canât hurt me. Wish you all good trading Ivica
Because we are in extremely bear market and every long trade longer then scalp will be high risk. For my members I feel responsibility and my focus I to find low risk setups. Right now in panic market we donât have low risk setups, especially for long side and because of that Iâm defensive right now. I learned that patience can be very good friend. At least for me. I see setups, but to risky to bring anyone in trouble
Watch list for 12/29/2008 LONG: Swing possibilities (ST-PT) http://tinyurl.com/9sc3cx http://tinyurl.com/8kmttk Day trade possibilities (DT-ST) http://tinyurl.com/8freyv http://tinyurl.com/9pg9x5 http://tinyurl.com/892v3b SHORT: Day trade possibilities (DT-ST) http://tinyurl.com/89or8k Watch ideas: Long: http://tinyurl.com/a62t98 Short: http://tinyurl.com/94efe8 http://tinyurl.com/8afhjr Ivica Juracic