Tuesday, June 11, 2019

Daily Trading Map Wednesday

Long Watch List: Day/Swing Trading Ideas
  • SPY/QQQ - pullbacks to support
  • TRV, MNST, SBS, STAR
Short Watch List: Day/Swing Trading Ideas
  • FL and PVH to watch if we melt down in the AM
SPY & QQQ Daily Review:
Daily Chart: Short term trend up but clear wall has been put in, if we get over can mover higher and fast and would look long. Economic CPI news tomorrow could move the markets.
 SPY & QQQ 15 minute chart: grey area possible short term swing entry's on the pullbaks. .75-1.00 stop

Watch List Charts:

TRV stays on the list from yesterday - SBS entry high of 2 days ago.


STAR, entry high of 2 days ago, SNAP entry 14.13

Two shorts keeping an eye on if we melt down tomorrow: PVH under 88.50 and FL break under the S1 pivot 41.44


Charts of Interest and Trades:
ENPH: Nice trade from yesterdays watch list. Consolidated under the R1 before the break point- Could have entered on first pullback to 20ema and made the 3-1 risk reward or waited until a base at the R1. .15 stop placed below the 20ema. If holding for a short term swing trade stop moved up to 16.75.

TRV: Jumped in on the break and stopped out. Happens, not all winners, Goal 50% with 3-1 risk reward ratio. Stays on watch list .


Newsletter is provided for educational purposes with an aim to educate traders on short term trading setups through selecting Daily Charts and applying intraday trading setups to help enhance the odds for solid risk/reward trades. Always use a Stock trading simulator to test, master strategies and become more educated in the markets before risking real money. Become successful on a simulator for a minimum 6 months before risking your money and always use a stop.  If the markets conditions don't feel right or if you're unsure of the current days trading environment then PASS on the trade. A missed trade is better than a losing trade.

Charts Key:
  • Daily Charts: Daily 8 (blue dotted) , 20 (red), 50 (orange), 200 (dark red) - (ema's)
  • Intraday Charts: 8 (blue dotted) , 20 (red), 60 (orange) - (ema's) 
    Intraday Pivots: Green R1, Dark Green R2, Red R1, Dark Red R2 
  • Yellow Lines and Grey Boxes: entry areas to target - Red Lines unfilled gaps

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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