swing-day trading US stocks

Result of the week

WB (Wachovia Corp.)

Trading plan: Long trade
Date entry. 01/23/2008
Entry price: $34.65 Stop price: $33.90
Target area: $37-$38 areas

Exit date. 01/23/2008
Exit price: 37.00
% results: 6.78
Result: $2.35
Risk/reward: 3.13


Trade exmaplanation:
Another third try breakup. After a very weak open on Tuesday, I was looking for a reversal possibility and WB was just one of a number of reversal trades that we had. If you are interested for all result please contact me. WB consolidated under its' 200sma (red line) on the 15 min chart. We can also see that the bounce from lows was strong and after a midday consolidation and a good market situation, it was a nice candidate for a 15 min continuation. On the third try WB broke up and the initial target was $37 area but after a strong break up, strong buying pace and larger volume, I expected to see more than the equal move resistance area. Because of that it is always important to follow pace and volume and compare them with past action
If anyone will have any question please feel free to contact me

Kind regards
Ivica Juracic

Setup chart:
http://www.ivicacharts.com/diagrams/2008/01232008wb.jpg

Exit chart:
http://www.ivicacharts.com/diagrams/2008/01282008wb.jpg
 
What is your average % return per year since you started trading? Have your results gotten better as the years go by? Do you use stock filters? Where do you get your trade candidates?

thanks

great thread
 
Quote from tradingcards:

What is your average % return per year since you started trading? Have your results gotten better as the years go by? Do you use stock filters? Where do you get your trade candidates?

thanks

great thread
More...

My personally go around 30% per year, and it is not same every year. But that is always questionable because it is important to have good risk/reward. Everything else depends to each person. Because, every trader uses bigger or smaller risk, and with same trading plan have make more or less money. It is individual. I don't like to use bigger risk. I scan every day after close 3-5 hours and from there I make watch list with full trading plan and chart explanations every day. I don’t use any filters, manually going over sectors and watch for patterns what I like.

Regards
Ivica
 
Sorry to be another one throwing questions at you but do you use leverage? And is trading your day job or do you do something else during the day and just research at night?

Great thread by the way, keep up the good work.
 
Quote from Bonpara:

Sorry to be another one throwing questions at you but do you use leverage? And is trading your day job or do you do something else during the day and just research at night?

Great thread by the way, keep up the good work.
More...

This is my day job and I have others stuffs but not for public only over pm.

Glad you like waat you see

kind regards
Ivica
 
Chart of the week

Date: 02/11/2008
Symbol: EBAY

Company Profile: eBay, Inc., through its subsidiaries, provides online marketplaces for the sale of goods and services, online payments services, and online communication offerings to a diverse community of individuals and businesses in the United States and internationally..

Sector: Services

Industry: Catalog & Mail order houses

TRADING PLAN
Entry price: above: $28.20

Stop price: under: $27.50
Target area: $30 areas

Chart explanation:
On the daily chart we can see that EBAY bounced form daily double bottom patter. Volume increase and was higher on bounce from low and also we can see that during consolidation (last days) volume decrease. That is what we like to see during consolidation. It is important to follow market action because I don’t think that EBAY will make it without market support and that mean if market will continue with selling pressure it will be hard for EBAY to stay in daily reversal pattern. For resistance we must pay attention on previous daily high ($29 area) and 200sma resistance area on the 60 min chart. Breakout pace and volume will be key for EBAY success.

http://www.ivicacharts.com/diagrams/2008/02112008ebay.jpg

If anyone will have any question please feel free to contact me

Kind regards
Ivica Juracic
 
CHART OF THE WEEK

Date: 02/19/2008
Symbol: SNCR

Company Profile: Synchronoss Technologies, Inc. provides multi-channel transaction management solutions to the communications services and digital content marketplaces primarily in North America.

Sector: Technology

Industry: Applocation Software

TRADING PLAN
Entry price: under $18.35

Stop price: above $19.50
Target area: $15 areas

Chart explanation:
First what we can see on SNCR daily and weekly charts is down trend. On the daily chart trying to break triangle pattern what is at same time weekly continuation pattern. I will look for trend continuation and next strong support area is $15 as whole number support area. For trade success it is important that SNCR stay under 10sma on the daily chart and I will trail stop with it. Also we must pay attention on breakdown volume and pace what will tell us about target expectation. If anyone will have any question during trade or before setup please feel free to contact me.

http://www.ivicacharts.com/diagrams/2008/02192008sncr.jpg

Kind regards
Ivica Juracic
 
Result of the week

CRL (Charles River Laboratories International Inc.)

Trading plan: Short trade
Date entry. 02/13/2008
Entry price: $60.95 Stop price: $61.50
Target area: $60-59.50 areas

Exit date. 02/13/2008
Exit price: 59.60
% results: 2.21
Result: $1.35
Risk/reward: 2.45

Trade exmaplanation:
Reason for CRL short trade was bull trap what we can see on the chart. With other words at 02/13/2008 CRL open was under 02/12/2008 close. Since CRL was closed near higher at 02/12/2008 next day open brought long trades in trap and that is always good short opportunity. On bull trap trade setup is under 5 min low and stop is above high at setup time. Of course that is generally because other factors like support areas on all time frames and size of 5 min bar. If 5 min bar will be extended I will continua to watch chart because traps have nice tendency for continuations and CRL is good example for that. We took when 60 min triangle was broken, also it was good for swing trade, and reason why we used it for day trade was nice reward and uncertainly market moment. For me risk/reward is main success measure and I think CRL was in line with it.

If anyone will have any comment or question please feel free to contact me.

Kind regards
Ivica Juracic

Setup chart:
http://www.ivicacharts.com/diagrams/2008/02132008crl.jpg

Exit chart:
http://www.ivicacharts.com/diagrams/2008/02192008crl.jpg
 
Position trade


Symbol: ATG


Company Profile:
AGL Resources, Inc., an energy services holding company, engages in the distribution of natural gas primarily in Florida, Georgia, Maryland, New Jersey, Tennessee, and Virginia. It operates in four segments: Distribution Operations, Retail Energy Operations, Wholesale Services, and Energy Investments.
Sector: Consumer Goods

Industry: Utilities

Trading Strategy:
Last several months ATG consolidate at 50sma monthly support area with breakdown tendency. After reversal from highs ATG lost monthly uptrend and I will look for equal move target area. For that possibility it is important that ATG break under 50sma monthly (200sma weekly) support area and as trailing stop I will use 10sma monthly resistance area. For now entry area is around $35.50-$35 support area what is under 50sma support area (green line on the monthly charts). If anyone will have any question please feel free to contact me.

Kind regards
Ivica Juracic

http://www.ivicacharts.com/diagrams/2008/02192008atg.jpg

http://www.ivicacharts.com/diagrams/2008/02192008atgweekly.jpg
 
Trade Example

GVA (Granite Construction Inc.)


Trading plan: Short trade
Date entry. 02/27/2008
Entry price: $33.60 Stop price: $34.70
Target area: $30 areas

Exit date. 02/29/2008
Exit price: 30.03
% results: 10.63
Result: $3.57
Risk/reward: 3.25

Trade explanation:
GVA formed nice 60 min triangle at 02/27/2008, and at same time it was nice bear flag on the daily chart. Setup was under 02/26/2008 low ($33.67) and I used stop above $34.70 (02/26/2008 high). Target was at $30 area because that was first strong number support area and also equal move support area. I always mention that for good target we need to follow volume and pace. On the 60 min GVA chart we can see that pace and volume increased and in that case we can expect to see exhaustion move what result with target area. Also note how GVA couldn’t break above 60 min 10sma (trend test area). Market helped us and GVA reached target area and it was closed at Friday (02/29/2008).

If anyone will have any comment or question please feel free to contact me.

Kind regards
Ivica Juracic

Setup chart:
http://www.ivicacharts.com/diagrams/2008/02272008gva.jpg

Exit chart:
http://www.ivicacharts.com/diagrams/2008/03032008gva.jpg
 
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