Thursday, June 27, 2019

Friday Trading Map

HOW I DAY TRADE -  MARKET NEWSLETTER

Daily Watch List

Long
  • Daily Chart Setup Continuation: see buy zone setup
  • Daily Chart Setup Pullback: ACGL DATA
  • Daily Chart Setup Break & Go: TEL ADI
Short
  • Daily Chart Setup Continuation: CAG
Buy Zone Setup Watch List:
  • SUM 17.99-17.77
  • BLDR 15.79-15.66
    FSLR 64.33-63.71
Sell Zone Setup Watch List:
  • CAG 26.34-26.86


SPY & QQQ DAILY REVIEW:
The market was flat and quiet while the watch list had a good day and few trades. Short term trend remains neutral to bearish until we get over 293.50 . Could see a test of the 50ema (orange line) if we get below Tuesdays lows.
SPY & QQQ short term trade considerations: yellow line/grey box shows short term resistance/support areas and gap over/under and go trade consideration's.
  • Today: Short trades presented off the prior day SPY and QQQ sell zone offered. SPY set up for a winner. If you had a deep entry on the back side of the short on the QQQ would of been a nice trade. A gap over Wednesday's high could get a push higher.


CHARTS: Watch list stocks of interest and trade reviews
OSTK: Daily Setup: C Intraday Setup: Buy Zone Entry Type: Zone Entry
A great move off the buy zone  with a .35 top.

NRG: Daily Setup: C Intraday Setup: Breakdown and Go Entry Type: breakdown
A nice move break of the prior day low with 9/20ema support. Stop was .35.  Sell half at R1 pivot (red line)

Newsletter is provided for educational purposes. The purpose is to educate traders on short term trading setups through a two-step process of selecting Daily Charts and applying intraday trading setups. 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 9 (blue dotted) , 20 (red), 50 (orange), 200 (dark red) - (ema's)
  • Intraday Charts 5 minute: 9 (blue dotted) , 20 (red), 60 (orange) -  240 (red)(ema's) 
  • Intraday Charts 15 minute: 20 (red), 80 (orange) - 200(purple) and 800 (red) (ema's)
  • Intraday Pivots: Green R1, Red S1 - White S2 and R2
  • Yellow Lines & Grey Boxes: entry areas to target - Red Lines unfilled gaps
  • Daily Charts: C: Continuation   R/G: red to green    PB pullback   BO: breakout
  • Intraday Setup: 1. Break & Go   2. Pullback to trigger    3. Buy/Sell Zone
  • Entry Type: 1. BO breakout    2.PB Pullback    3. Zone entry


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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