Tuesday, June 25, 2019

Wednesday Trading Map

HOW I DAY TRADE -  MARKET NEWSLETTER

Long Watch List:
  • HSY, ADI, TEL Daily Chart setup is Break & Go
  • ELAN Daily Chart Setup is Continuation
Short Watch List:
  • HRL, TRIP, W Daily Chart Setup is Continuation
Buy Zone Setup Watch List:
  • ELAN: 34.15-33.83

Sell Zone Setup Watch List:
  • TRIP: 45.60  - 45.15
  • W: 146.87 - 149.76

SPY & QQQ DAILY REVIEW:
The market broke down, could be in for a few days of selling. The watch list little action. Short term trend is bearish until this long red bar is taken out.

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: SPY and QQQ offer sell zones on a gap up. 


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