swing-day trading US stocks

People who follow my work know that I really like when a triple top or bottom tries to break. This is one of my favorite patterns. Most of time we could say the breakout on the 3rd try is the charm. . While learning and honing my skills I would often get faked out with lots of flags and too often made the wrong decision with the gradual selling. I would often see a slightly new high or a double top (2T pattern). At that time I didn’t know how to react in that situation. So I had problems with flags intra day. In that case lots of time after double top, or slightly higher high you will see another pull back (smaller then previous) and you will get triangle formation. Risk is what I really like in that pattern. Risk is always smaller and smaller.

Here is one example what you can see on watch list what I send here in forum.

AAI was setup from 09/06/2006

symbol AAI
date entry 09/06/2006
entry 10.95
stop 11.29
trailing stop 11.00
target area 10.00
exit 9.10
% result 16.89
result 1.85
risk/ reward 5.44

http://www.swingcharts.net/Ivica/2006/09062006aai.jpg

Yesterday AAI was open with the nice gap down and finished morning selling at second target area. On daily chart above you can see nice triangle action with 3rd try to break down.

After 5 min action I marked high and that was trailing stop for AAI. You all know that my main measure for success is risk/ reward, and on AAI example you can see that is over 5. This mean that my reward is 5 times bigger then my risk in this trade.

http://www.swingcharts.net/Ivica/2006/09112006aai.jpg

This is chart after yesterday action and from there you can clearly see action. .

If anyone will have any question feels free to contact me.

Ivica Juracic
 
Watch list for 09/12/2006

IMPORTANT: Take only the opportunities that you really like and understand. Always enter a trade with a trading plan. If you have any questions, please feel free to ask me. There is a much greater chance of success in your trading if you understand the trade. That is very important. Taking just a few trades is enough to be a successful trader. Overtrading is probably the number one reason new traders fail. I personally mostly take swing trades. Please remember to keep that in mind!!!!!!!!!!!!!!!


LONG:
Swing possibilities (ST-PT)

RTN long above: 48.00, stop under: 47.43, target: 50 areas ST http://www.swingcharts.net/Ivica/2006/09122006rtn.jpg
Earning date: Oct 26, 2006

SHLD long above: 152.50, stop under: 148.25, target: 160 areas ST http://www.swingcharts.net/Ivica/2006/09122006shld.jpg
Earning date: Aug 17, 2006

BIDU long above: 80.62, stop under: 77.80, target: 90 areas ST http://www.swingcharts.net/Ivica/2006/09122006bidu.jpg
Earning date: July 26, 2006

NTLI long above: 27.31, stop under: 26.32, target: 30 areas ST http://www.swingcharts.net/Ivica/2006/09122006ntli.jpg
Earning date: Aug 08, 2006

IGT is still valid http://www.swingcharts.net/Ivica/2006/09112006igt.jpg

Day trade possibilities (DT-ST)

DADE long above: 41.27, stop under: 40.73, target: 42 (43) areas DT-ST http://www.swingcharts.net/Ivica/2006/09122006dade.jpg
Earning date: July 25, 2006

Watch ideas:
Long:
http://www.swingcharts.net/Ivica/2006/09122006pssi.jpg
http://www.swingcharts.net/Ivica/2006/09122006knd.jpg
http://www.swingcharts.net/Ivica/2006/09122006vclk.jpg
http://www.swingcharts.net/Ivica/2006/09122006wynn.jpg

Short:
http://www.swingcharts.net/Ivica/2006/09122006pacr.jpg
http://www.swingcharts.net/Ivica/2006/09122006ndaq.jpg

I am always available via email if you have any questions. danded2005@inet.hr
Good luck trading today!!!!

Ivica Juracic


DT - day trade
ST – swing trade
PT – position trade
DT-ST – starting with day trade and can turn to swing trade
ST-PT – staring with swing trade and can turn to position trade


Tracking records:

http://www.swingcharts.net/Ivica/2006/dwl052006.htm
http://www.swingcharts.net/Ivica/2006/dwl062006.htm
http://www.swingcharts.net/Ivica/2006/dwl072006.htm - for July
http://www.swingcharts.net/Ivica/2006/dwl082006.htm - for August
http://www.swingcharts.net/Ivica/2006/dwl092006.htm - for September
 
Market commentary for 09/12/2006:

Good day!

Yesterday was an interesting day. We had a weak open and continued selling until Thursdays lows became the support area. That area held and we experienced a strong market reversal. The QQQQ was by far the strongest indice on the 15 min chart. This strength concerns me because the Spy and DIA did not follow its action meaning we probably will not get a continuation rally moving forward. I would like to see some consolidation of all the indices on the 15/30 min charts. It will be best if we see a range day near yesterdays highs with a continuation through to Wednesday. I still think we will remain with a daily consolidation and another move down as seen from the daily charts. I think yesterday''s QQQQ intraday move was a false move up to catch long traders. Perhaps I am wrong but I don't trust the long side without confirmation of the other indices. Today I expect to be another consolidation day that brings added risk to the market. Every market move up or down will be based on intraday moves since the market needs more rest on the daily chart for a low risk breakout.

http://www.swingcharts.net/Ivica/2006/09122006qqqq.jpg
http://www.swingcharts.net/Ivica/2006/09122006spy.jpg
http://www.swingcharts.net/Ivica/2006/09122006dia.jpg

I am always available via email if you have any questions. danded2005@inet.hr
Good luck trading today!!!!

Ivica Juracic
 
Watch list for 09/13/2006

IMPORTANT: Take only the opportunities that you really like and understand. Always enter a trade with a trading plan. If you have any questions, please feel free to ask me. There is a much greater chance of success in your trading if you understand the trade. That is very important. Taking just a few trades is enough to be a successful trader. Overtrading is probably the number one reason new traders fail. I personally mostly take swing trades. Please remember to keep that in mind!!!!!!!!!!!!!!!


LONG:
Swing possibilities (ST-PT)

KND long above: 32.00, stop under: 30.50, target: 35 areas ST http://www.swingcharts.net/Ivica/2006/09132006knd.jpg
Earning date: July 31, 2006


I am always available via email if you want more ideas or have any questions. danded2005@inet.hr
Good luck trading today!!!!

Ivica Juracic
 
Watch list for 09/14/2006

LONG:
Swing possibilities (ST-PT)

KND long above: 32.00, stop under: 30.50, target: 35 areas ST http://www.swingcharts.net/Ivica/2006/09142006knd.jpg
Earning date: July 31, 2006


Day trade possibilities (DT-ST)

WEBX long above: 38.65 (38.55), stop under: 38.24, target: 40 areas DT http://www.swingcharts.net/Ivica/2006/09142006webx.jpg
Earning date: July 26, 2006

CTL long above: 40.00, stop under: 37.75, target: 41 areas DT-ST http://www.swingcharts.net/Ivica/2006/09142006ctl.jpg
Earning date: July 27, 2006

MHP long above: 57.03, stop under: 56.78, target: 58 areas DT http://www.swingcharts.net/Ivica/2006/09142006mhp.jpg
Earning date: July 25, 2006
 
Only reason why I do that is that others can see that new earning report isn’t that soon. I use Yahoo earnings source for that information, and since there is no new update I use old one and other can see that specific call isn’t in early dangerous of earning news.

Ivica
 
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