Sunday, May 14, 2017

15 Minute Charts - CC and LNG

Here are 2 charts with 15 minute candles using the same premise as the 30 minute candles. They are more difficult to trade and you will spend more time in front of the screen but lots of opportunities each week. Make sure that Daily chart agrees with direction and that the SPY is also moving in your favor.
 
CC: Break out on daily (daily must agree) and hammer on candle 7off 10sma(blue line). Its also a narrow range bar (nr6) I prefer nr7 but with setups off a moving average I will look to make the trade.
 
LNG: Nice breakout on the daily chart as bar 4 was a NR7. Nice pop.
 

 




* You don't have to trade everyday. If the conditions don't feel right or if you're unsure of the current days trading environment then PASS on the trade. Missed money is better than lost money.  Day trading and the stock market is not a "war" that you must win at all cost. Trading should be fun, wait for only the good setups. Follow your rules, stick to your stops, and know that everyday the market presents a new chess board.

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Disclaimer

I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES - I JUST POST TRADES I MAKE OR FIT THE RULES OF MY TRADING PLAN ON A DAILY BASIS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS! ALL CHARTS COURTESY OF TRADESTATION, SCHWAb & TD AMERITRADE