Thursday, June 20, 2019

Friday watch list

LONGS
  • PRVB
  • ARQL ALXN ENTG

 SHORTS
  • MD

Watch List Charts:

PRVB with 9ema support and ARQL for a continuation setup


 ALXN and ENTG for continuation setups



 MD for a coninuations on any market weakness




Trade Reviews

ARQL: Intraday setup was a breakout out on the Daily chart - stop low of the day


YUMC - no trade but another nice move on YUMC


SWK - pullback entry off the R1 pivot, stop out but later in the day made the run to R2


Newsletter is provided for educational purposes. The purpose is 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 9 (blue dotted) , 20 (red), 50 (orange), 200 (dark red) - (ema's)
  • Intraday Charts 5 minute: 9 (blue dotted) , 20 (red), 60 (orange) - (ema's) 
    Intraday Charts 15 minute: 20 (red), 80 (orange) - (ema's)
    Intraday Pivots: Green R1, Red S1 - White S2 and 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