swing-day trading US stocks
- Thread starter ivica
- Start date
http://www.swingcharts.net/Ivica/2006/07202006hsp.jpg
One example what setup I like to see. HSP have weekly cup with handle, so swing possibility. Also 30 min reversal H&S, 60 min consolidation. So with intraday setup I can get swing move. Also can be use for smaller time frame traders. Day trade or few daysâ trade. Depend what someone like.
If anyone have question feel free to ask
Ivica
One example what setup I like to see. HSP have weekly cup with handle, so swing possibility. Also 30 min reversal H&S, 60 min consolidation. So with intraday setup I can get swing move. Also can be use for smaller time frame traders. Day trade or few daysâ trade. Depend what someone like.
If anyone have question feel free to ask
Ivica
IMPORTANT: Take only opportunities what really like and really understand trading plan. If have question always can ask me, but isnât good way to be successful if will take trades without understanding. That is very important. Only few trades is enough for successful trader, they donât need a ton every day. Have that always in your mind.
Watch list for 07/21/2006
LONG:
Swing possibilities (ST-PT)
OMX long above: 43.50, stop under: 42.63, target: 50 areas ST http://www.swingcharts.net/Ivica/2006/07212006omx.jpg
HSP long above: 43.15, stop under: 42.50, target: open ST http://www.swingcharts.net/Ivica/2006/07212006hsp.jpg
Day trade possibilities (DT-ST)
RA long above: 43.25, stop under: 42.82 (200sma 60 min chart), target: 44 areas (45 areas) DT http://www.swingcharts.net/Ivica/2006/07212006ra.jpg
SHORT:
Day trade possibilities (DT-ST)
FCL short under: 39.61, stop above: 40.00, target: 38.00 areas DT-ST http://www.swingcharts.net/Ivica/2006/07212006fcl.jpg
Watch ideas:
Long: MENT, CXW, MCK, PBG, GM, CEPH, GPRO
Short: FFIV, CMG, ANDE
Good luck
Ivica Juracic
Watch list for 07/21/2006
LONG:
Swing possibilities (ST-PT)
OMX long above: 43.50, stop under: 42.63, target: 50 areas ST http://www.swingcharts.net/Ivica/2006/07212006omx.jpg
HSP long above: 43.15, stop under: 42.50, target: open ST http://www.swingcharts.net/Ivica/2006/07212006hsp.jpg
Day trade possibilities (DT-ST)
RA long above: 43.25, stop under: 42.82 (200sma 60 min chart), target: 44 areas (45 areas) DT http://www.swingcharts.net/Ivica/2006/07212006ra.jpg
SHORT:
Day trade possibilities (DT-ST)
FCL short under: 39.61, stop above: 40.00, target: 38.00 areas DT-ST http://www.swingcharts.net/Ivica/2006/07212006fcl.jpg
Watch ideas:
Long: MENT, CXW, MCK, PBG, GM, CEPH, GPRO
Short: FFIV, CMG, ANDE
Good luck
Ivica Juracic
Market commentary:
Good day! Market had range day after morning selling and back to daily support area. That can see that on daily charts. For now every stronger bounce finished with stronger selling after intraday consolidation.
http://www.swingcharts.net/Ivica/2006/07242006qqqq.jpg
Hope we will see bottom this week but look like for that we need to see strong selling with big volume, and for now that isnât case.
http://www.swingcharts.net/Ivica/2006/07242006spy.jpg
My bias for next week is short, but will be prepared for bounces. In bear market bounces from lows can be very strong so I will mostly look for that possibility after reversal pattern. After strong selling on daily charts I wonât feel good in swing short trade and I will look more for smaller moves then swings.
http://www.swingcharts.net/Ivica/2006/07242006dia.jpg
Have on mind that we are in earning season and that can affect market action. If anyone will have any question feel free to contact me.
Good luck
Ivica Juracic
p.s. apologies for any language mistakes
IMPORTANT: Take only opportunities what really like and really understand trading plan. If have question always can ask me, but isnât good way to be successful if will take trades without understanding. That is very important. Only few trades is enough for successful trader, they donât need a ton every day. Have that always in your mind.
Watch list for 07/24/2006
LONG:
Day trade possibilities (DT-ST)
BID long above: 27.43, stop under: 26.95, target: 28.50 areas (30 areas) DT-ST http://www.swingcharts.net/Ivica/2006/07242006bid.jpg
BUD long above: 47.00, stop under: 46.62, target: 48 areas (49 areas) DT-ST http://www.swingcharts.net/Ivica/2006/07242006bud.jpg
BOH long above: 49.18, stop under: 48.72, target: 50 areas DT http://www.swingcharts.net/Ivica/2006/07242006boh.jpg
CHIC long above: 25.00, stop under: 24.50, target: 26 areas DT-ST http://www.swingcharts.net/Ivica/2006/07242006chic.jpg
BONT long above: 23.50, stop under: 23.00, target: 25 areas DT http://www.swingcharts.net/Ivica/2006/07242006bont.jpg
SHORT:
Day trade possibilities (DT-ST)
ROST short under: 24.40, stop above: 24.65, target: 23.75 DT http://www.swingcharts.net/Ivica/2006/07242006rost.jpg
CRM short under: 21.75, stop above: 22.22 (20.00 aggressive), target: 21.00 areas (20 areas) DT-ST http://www.swingcharts.net/Ivica/2006/07242006crm.jpg
Watch ideas:
Long: VFC, CB, WNR, WLP, MRH, INFA, LUV, NFC
Short: PTEN, MRBK, RCL
Good luck
Ivica Juracic
DT - day trade
ST â swing trade
PT â position trade
DT-ST â starting with day trade and can turn to swing trade
ST-PT â staring with swing trade and can turn to position trade
Good day! Market had range day after morning selling and back to daily support area. That can see that on daily charts. For now every stronger bounce finished with stronger selling after intraday consolidation.
http://www.swingcharts.net/Ivica/2006/07242006qqqq.jpg
Hope we will see bottom this week but look like for that we need to see strong selling with big volume, and for now that isnât case.
http://www.swingcharts.net/Ivica/2006/07242006spy.jpg
My bias for next week is short, but will be prepared for bounces. In bear market bounces from lows can be very strong so I will mostly look for that possibility after reversal pattern. After strong selling on daily charts I wonât feel good in swing short trade and I will look more for smaller moves then swings.
http://www.swingcharts.net/Ivica/2006/07242006dia.jpg
Have on mind that we are in earning season and that can affect market action. If anyone will have any question feel free to contact me.
Good luck
Ivica Juracic
p.s. apologies for any language mistakes
IMPORTANT: Take only opportunities what really like and really understand trading plan. If have question always can ask me, but isnât good way to be successful if will take trades without understanding. That is very important. Only few trades is enough for successful trader, they donât need a ton every day. Have that always in your mind.
Watch list for 07/24/2006
LONG:
Day trade possibilities (DT-ST)
BID long above: 27.43, stop under: 26.95, target: 28.50 areas (30 areas) DT-ST http://www.swingcharts.net/Ivica/2006/07242006bid.jpg
BUD long above: 47.00, stop under: 46.62, target: 48 areas (49 areas) DT-ST http://www.swingcharts.net/Ivica/2006/07242006bud.jpg
BOH long above: 49.18, stop under: 48.72, target: 50 areas DT http://www.swingcharts.net/Ivica/2006/07242006boh.jpg
CHIC long above: 25.00, stop under: 24.50, target: 26 areas DT-ST http://www.swingcharts.net/Ivica/2006/07242006chic.jpg
BONT long above: 23.50, stop under: 23.00, target: 25 areas DT http://www.swingcharts.net/Ivica/2006/07242006bont.jpg
SHORT:
Day trade possibilities (DT-ST)
ROST short under: 24.40, stop above: 24.65, target: 23.75 DT http://www.swingcharts.net/Ivica/2006/07242006rost.jpg
CRM short under: 21.75, stop above: 22.22 (20.00 aggressive), target: 21.00 areas (20 areas) DT-ST http://www.swingcharts.net/Ivica/2006/07242006crm.jpg
Watch ideas:
Long: VFC, CB, WNR, WLP, MRH, INFA, LUV, NFC
Short: PTEN, MRBK, RCL
Good luck
Ivica Juracic
DT - day trade
ST â swing trade
PT â position trade
DT-ST â starting with day trade and can turn to swing trade
ST-PT â staring with swing trade and can turn to position trade
Nice thread, Ivica. You're providing a great service to ET. Thanks.
The consolidation break is an excellent pattern, imo, and focusing on continuations with measured move targets really helps a trader stay focused. Also, I appreciate your advice to all about the need to only go with setups they like and that it's not necessary to trade a lot to do well.
Well done, and thanks again.
The consolidation break is an excellent pattern, imo, and focusing on continuations with measured move targets really helps a trader stay focused. Also, I appreciate your advice to all about the need to only go with setups they like and that it's not necessary to trade a lot to do well.
Well done, and thanks again.
Market commentary:
Good day!
After morning gap market futures come up above Friday high and that bring some extra power in yesterday action. Result is strong intraday bounce from daily support area.
http://www.swingcharts.net/Ivica/2006/07252006QQQQ.jpg
That buying program stopped right at resistance area what you can see on yesterday watch list charts. Since QQQQ is weakest then have problem with 1st moving average and that is 10ma.Same situation like last week at Wednesday.
http://www.swingcharts.net/Ivica/2006/07252006SPY.jpg
SPY and DIA both have problems with 20ma on daily chart (green line). I see room for morning move up, but because of earning season and those resistances what I mention above I will use more caution on long side right now. Also you can see on intraday charts (60min) that market need rest for healthy break, and I will again expect consolidation day today. Better action for pivot traders.
http://www.swingcharts.net/Ivica/2006/07252006DIA.jpg
Good luck
Ivica Juracic
p.s. apologies for any language mistakes
IMPORTANT: Take only opportunities what really like and really understand trading plan. If have question always can ask me, but isnât good way to be successful if will take trades without understanding. That is very important. Only few trades are enough for successful trader, they donât need a ton every day. I personally take mostly swing trades. Have that always in your mind.
Watch list for 07/25/2006
LONG:
Swing possibilities (ST-PT)
TCO long above: 41.25, stop under: 39.71, target: 45 areas (50 areas) ST http://www.swingcharts.net/Ivica/2006/07252006tco.jpg
DTV long above: 17.00, stop under: 16.60, target: 18 areas ST http://www.swingcharts.net/Ivica/2006/07252006dtv.jpg
UTSI long above: 8.00, stop under: 7.50, target: 9 areas ST http://www.swingcharts.net/Ivica/2006/07252006utsi.jpg
PBR long above: 89.00, stop under: 84.00, target: 100 areas ST http://www.swingcharts.net/Ivica/2006/07252006pbr.jpg
Day trade possibilities (DT-ST)
OMX long above: 44.00, stop under: 20sma 5 min chart, target: 45 areas DT http://www.swingcharts.net/Ivica/2006/07252006omx.jpg
OGE long above: 37.23, stop under: 36.85, target: 38 areas DT http://www.swingcharts.net/Ivica/2006/07252006oge.jpg
CVS long above: 32.72, stop under: 32.58, target: 33 areas (33.50 areas) DT http://www.swingcharts.net/Ivica/2006/07252006cvs.jpg
SHORT:
Swing possibilities (ST-PT)
WWY short under: 43.08, stop above: 43.80 (43.55 aggressive), target: 41.00 areas (40 areas) ST http://www.swingcharts.net/Ivica/2006/07252006wwy.jpg
Day trade possibilities (DT-ST)
GLW short under: 21.59, stop above: 22.00, target: 20 areas DT-ST http://www.swingcharts.net/Ivica/2006/07252006glw.jpg
AGR short under: 11.95, stop above: 12.12, target: 11.50 areas (11 areas) DT http://www.swingcharts.net/Ivica/2006/07252006agr.jpg
Watch ideas:
Long: CELL, HSP, HCC, PXP
Short: DXCM
Good luck
Ivica Juracic
DT - day trade
ST â swing trade
PT â position trade
DT-ST â starting with day trade and can turn to swing trade
ST-PT â staring with swing trade and can turn to position trade
Good day!
After morning gap market futures come up above Friday high and that bring some extra power in yesterday action. Result is strong intraday bounce from daily support area.
http://www.swingcharts.net/Ivica/2006/07252006QQQQ.jpg
That buying program stopped right at resistance area what you can see on yesterday watch list charts. Since QQQQ is weakest then have problem with 1st moving average and that is 10ma.Same situation like last week at Wednesday.
http://www.swingcharts.net/Ivica/2006/07252006SPY.jpg
SPY and DIA both have problems with 20ma on daily chart (green line). I see room for morning move up, but because of earning season and those resistances what I mention above I will use more caution on long side right now. Also you can see on intraday charts (60min) that market need rest for healthy break, and I will again expect consolidation day today. Better action for pivot traders.
http://www.swingcharts.net/Ivica/2006/07252006DIA.jpg
Good luck
Ivica Juracic
p.s. apologies for any language mistakes
IMPORTANT: Take only opportunities what really like and really understand trading plan. If have question always can ask me, but isnât good way to be successful if will take trades without understanding. That is very important. Only few trades are enough for successful trader, they donât need a ton every day. I personally take mostly swing trades. Have that always in your mind.
Watch list for 07/25/2006
LONG:
Swing possibilities (ST-PT)
TCO long above: 41.25, stop under: 39.71, target: 45 areas (50 areas) ST http://www.swingcharts.net/Ivica/2006/07252006tco.jpg
DTV long above: 17.00, stop under: 16.60, target: 18 areas ST http://www.swingcharts.net/Ivica/2006/07252006dtv.jpg
UTSI long above: 8.00, stop under: 7.50, target: 9 areas ST http://www.swingcharts.net/Ivica/2006/07252006utsi.jpg
PBR long above: 89.00, stop under: 84.00, target: 100 areas ST http://www.swingcharts.net/Ivica/2006/07252006pbr.jpg
Day trade possibilities (DT-ST)
OMX long above: 44.00, stop under: 20sma 5 min chart, target: 45 areas DT http://www.swingcharts.net/Ivica/2006/07252006omx.jpg
OGE long above: 37.23, stop under: 36.85, target: 38 areas DT http://www.swingcharts.net/Ivica/2006/07252006oge.jpg
CVS long above: 32.72, stop under: 32.58, target: 33 areas (33.50 areas) DT http://www.swingcharts.net/Ivica/2006/07252006cvs.jpg
SHORT:
Swing possibilities (ST-PT)
WWY short under: 43.08, stop above: 43.80 (43.55 aggressive), target: 41.00 areas (40 areas) ST http://www.swingcharts.net/Ivica/2006/07252006wwy.jpg
Day trade possibilities (DT-ST)
GLW short under: 21.59, stop above: 22.00, target: 20 areas DT-ST http://www.swingcharts.net/Ivica/2006/07252006glw.jpg
AGR short under: 11.95, stop above: 12.12, target: 11.50 areas (11 areas) DT http://www.swingcharts.net/Ivica/2006/07252006agr.jpg
Watch ideas:
Long: CELL, HSP, HCC, PXP
Short: DXCM
Good luck
Ivica Juracic
DT - day trade
ST â swing trade
PT â position trade
DT-ST â starting with day trade and can turn to swing trade
ST-PT â staring with swing trade and can turn to position trade
Ivica, a question if you don't mind. I know we're talking about consolidation so it doesn't matter what geometric pattern we draw.
Re: (OMC) 15 minute chart. I'm wondering if on your charts you go back and adjust lines. OMC for example penetrated the upper boundary of the flag and failed. Will you then go back and redraw the upper boundary to reflect the new local high?
Adjusting the lower boundary parallel to the new upper boundary seems to be more accurate to the price action as re: the lows and produces a nice rectangle. I recognize this doesn't affect the upper limit of the anticipated move.
Thanks.
Re: (OMC) 15 minute chart. I'm wondering if on your charts you go back and adjust lines. OMC for example penetrated the upper boundary of the flag and failed. Will you then go back and redraw the upper boundary to reflect the new local high?
Adjusting the lower boundary parallel to the new upper boundary seems to be more accurate to the price action as re: the lows and produces a nice rectangle. I recognize this doesn't affect the upper limit of the anticipated move.
Thanks.