Tuesday, December 12, 2017

Tuesday First hour trading map

Today's Basic Trading Map Based Off the 1st Hour of Trading

INDEX'S: (SPY,QQQ,DIA)



SPY
QQQ
DIA
Gap to Fill Today
Oddsyes
filled
Odds no




Trend Daily
Bullish
Bullish
Bullish
Trend 60 minute
Bullish
Bullish
Bullish
1st hour trend  
Bullish
Bullish
 Bullish


Ticks (nyse)
 Neutral - range between the meat of 600 and -600
Trade Setup Ideas for Today
 Breaks to upside 30 to 60 minute breakout (qqq above yesterday high) - Pullbacks to double support - Long

Types Of Trade Ideas for the Indexes ( RED X shows possible entry points on chart)
Pullbacks to double support - Long

Pullbacks to double resistance - short

Breaks to upside 30 to 60 minute breakout

Breakdown to downside

Fade double support Long

Fade double resistance Short
See Below Support/Resistance Lines and Areas to Watch
(white dotted line 5sma, red dotted line 20sma, doted lines pivots, Green & Red Sold lines previous days High and Lows, yellow dotted previous unfilled gaps - 15 minute charts)

Gaping Stocks to Watch
  • GLYC
  •  EIX-short
  • BA
  •  TSLA
Weekly Chart Notes for longer term plays


Trading Weekly charts. This model Started November 27,2017  - will track for a year  and compare account % vs S&P 500 (SPY)

Account Rules
  • 1% maximum risk of account on each trade
  • Maximum of 15% of account equity risked on a trade
  • 2 Stops: self half with 1st Stop below 10sma, and self remaining half below 20sma  
  • Will use the tracking Model of a 20K account to be compared VS SPY
  • 1% risk  = 200R
  • Spy – shares at 20K price was 260.40 on 11/7/2017 – 77 shares total
  • Update Watching list on the weekends.
Current Holds
Stock
Shares
Entry
Stop/Exit 1
Stop/Exit 2
Total Closed

cprx
200
3.93
2.95
2.95


gswtf
100
3.55
1.51
1.51


mara
70
4.24
1.32
1.32


pxs
60
5.48
1.99
1.99






































Watching
Stock
Entry Target
Stop
Notes
amwd
115
99

Cann

1.42
watching
titn
19.42
15.75

ncs
19
15.96

rvnc
32.05
27.90

sage

99
watching










* The Index setups use larger stops with a conservative 1-1 risk/reward ratio that trades with the trend and odds. RED X shows possible entry points and area to place a stop. Can fine tune as see fit. Close out at end of day or move stop to even at .75R
* Beyond searching for ISB on a 30 minute chart can use this simple stock setup for a conservative 1-1 risk/reward ratio. Look for the first pullback near the  30 minute 5sma with a stop placed under the 10sma. Can add fib lines using today's high and yesterdays close the 38.2, 50 and 61.8 fib lines as secondary support when entering. (can also use the 5 minute chart using 25sma to enter and 60sma for stop) Can fine tune as see fit. Close out at end of day or move stop to even at .75R.
* Secondary support is support/resistance line's that support the moving average - (fib lines, previous day High or low, pivots)
TRADING PLANS



* 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