Saturday, July 6, 2019

Monday Trading Map

HOW I DAY TRADE - MARKET NEWSLETTER

Daily Watch List

Long
  • Daily Chart Setup Pullback: ARNC
  • Daily Chart Setup Break & Go:HSY
  • Daily Chart Setup Continuation: See Buy Zone Watch List
Short
  • None
Buy Zone Setup Watch List:
  • GOL 19.83-19.49
  • AZUL 36.05 - 35.49
    ENPH 19.29-19.00
Sell Zone Setup Watch List:
  • None
SPY & QQQ DAILY REVIEW:
The market sold off early and strong bounce back. The watch list had a good day outside stopped out on a SPY buy zone trade. Short term trend remains long.

SPY & QQQ Trade Ideas: Buy and Sell Zones:
  • SPY Buy Zone 296.61-297 (must open above the top of this zone) a gap below the zone and will look to fade short
  • QQQ Buy Zone 189.83-190.14 (must open above the top of this zone) a gap below the zone and will look to fade short
  • SPY Sell zone 294.40-294.66 (must gap under this zone and pullback into the zone)
  • QQQ Sell zone 188.37-188.70 (must gap under this zone and pullback into the zone)
  • SPY Buy Zone 294.66-295.11 (must open above the top of this zone)
  • QQQ Buy Zone 186.05-186.52 (must open above the top of this zone)
CHARTS: Trade reviews and Charts of Interest

JEF: Daily Setup: Continuation Intraday Setup: Pullback Entry Type: Pullback
Nice pullback off the previous day high trigger point with the 20ema support. Sell half at R1 pivot.

MCK: At the open sold off into the buy zone and nice pop up.Can sell half near the high of the day.

AYX: at the open sold off into the Buy zone and popped up. Stopped at entry price, once I achieve 1R stop to break even. Perfect illustration on why to control risk as on the retest sold off for the rest of the day. SNAP also broke out from the watch List

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) -120 (red)(ema's)
  • Intraday Charts 15 minute: 20 (red), 40(purple), 80 (orange) - 200(red) (ema's)
  • Intraday Pivots: Green R1, Red S1 - White S2 and R2

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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