Monday, June 10, 2019

Trading Map Tuesday

Long Watch List: Day/Swing Trading Ideas
  • SPY/QQQ - pullbacks to support
  • TRV SRC ENPH CB
  • Short term Swing: ELTK - stop 5 - entry 5.65
Short Watch List: Day/Swing Trading Ideas
  • Stay long with trend

SPY & QQQ Daily Review:
Daily Chart: Short term trend up. Core PPI report at 8:30 could move the market early. Due for a pullback.

SPY and QQQ 15 minute chart: yellow line shows short term resistance for day traders - grey area possible short term swing entry. .75-1.00 stop



Watch List Charts:

SRC and TRV


 CB and ENPH


Charts of Interest and Trades:
WCB: entry 2nd 5 minute bar with stop previous days close, stop 1.20. Small gainer on the 20ema trail stop. If holding for a short term swing trade stop at 289

SOLY: Break off previous day high after 2nd test. Entry on the 2nd break is a larger stop, not tight enough consoldiation with big pullback, need a .45 point stop to get below 20ema pivot. Waiting until later in the day gets


RDN: Break off previous day high with a .15 stop. Small gainer on 20ema trail stop.

Stay patient and See you tomorrow

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