Thursday, June 13, 2019

Trading Map Friday

Long Watch List: Day/Swing Trading Ideas
  • SPY/QQQ - pullbacks to support
  • AMD CIEN DATA PRVB
Short Watch List: Day/Swing Trading Ideas
  • Stay long with trend: GOOS and BOX if we open weak.
SPY & QQQ Daily Review:
Daily Chart: Short term trend is intact with consolidation after the run . Economic calendar for next day is retail sales at 8:30 - could move the markets.
SPY & QQQ 15 minute chart Day/Short Term swing Opportunities: (yellow line/grey box shows short term resistance/support areas for possible fades - .30-.50 stop  with a 3x the risk exit.  Focus on setups with a convergence of multiple Support/Resistance in the same area (trend lines, unfilled gaps, Low and high for the day, 20 and 80 ema's on the 15 minute chart)
  • Today: Long Trades presented off the convergence of intra day low and 20 and 80emas.
  • Short term range is choppy - break of todays highs could spark a move to last week high  

Watch List Charts: Mainly red to green daily setups it the markets up tomorrow. Not much else


Trades today and charts of interest:
SNAP: Intraday setup was tight consolidation with 20ema support at the R1 pivot with stop placed below the 20ema. Entering anticipating the 3 day high break, go the move and break through.
SRC: Intraday setup was a break and go. Stop placed below gap fill and moved up to low of the day on the move. Small loss. 


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 8 (blue dotted) , 20 (red), 50 (orange), 200 (dark red) - (ema's)
  • Intraday Charts: 8 (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