swing-day trading US stocks

Chart of the week
Date:12/10/2007
Symbol: FWLT
Company Profile: Foster Wheeler, Ltd., through its subsidiaries, primarily provides engineering and construction services to the oil and gas, oil refining, chemical/petrochemical, pharmaceutical, environmental, power generation, and power plant operation and maintenance sectors worldwide.

Sector: Industrial Goods
Industry: Heavy Constructions

TRADING PLAN
Entry price: above: 167.75
Stop price: under: 152.75
Target area: 200 areas

Chart explanation:
FWLT forming third try triangle on the daily chart. Lots of time it will be “chart” and will bounce very strong. For now stop is under previous low and depend on setup volume and pace I will trails stop with 10sma or 20sma on the daily chart. Equal move is around $200 big number resistance area and again depend on volume and pace I will use it for target area.

http://www.ivicacharts.com/diagrams/2008/01032008fwlt.jpg


If anyone will have any question about this trade or any other setups please feel free to contact me

Kind regards
Ivica
 
Trade example

LINTA (Liberty Media Interactive)

Trading plan:
Entry price: 19.65
Stop price: 20.10
Target area: 18-open

Exit price: swing trade: 18.07
% results: 8.04
Result: 1.58
Risk/reward: swing: 8.04

http://www.ivicacharts.com/diagrams/2007/12262007linta.jpg

LINTA has setup at 12/27/2007 based on the weekly triangle and breakdown under 20sma support area (blue line). I used stop above $20.10 what was 50sma resistance area on the daily chart. It is important support/resistance area and I use them often for swing trades. Also it was above $20 as big number resistance area. LINTA fall very strong and fast and with first day in New Year reached first support area and fall in to oversold area on the weekly chart. That was enough reason to close trade or take partials. LINTA have more room to move down, but I will expect correction on the daily chart first.

http://www.ivicacharts.com/diagrams/2008/01032008linta.jpg

If anyone will have any question about this trade or any other setups please feel free to contact me

Kind regards
Ivica
 
Date: 01/07/2008
Symbol: FCN
Company Profile: FTI Consulting, Inc. provides consulting services to organizations confronting the legal, financial, and reputation issues. It provides advice and solutions to corporations, financial institutions, and law firms in the areas of forensic analysis, investigation, economic analysis, restructuring, due diligence, strategic communication, financial communication, and technology.

Sector: Services
Industry: Managment Services

TRADING PLAN
Entry price: above: 63.00

Stop price: under: 61.00
Target area: 65-67.50 areas
http://www.ivicacharts.com/diagrams/2008/01072008fcn.jpg

Chart explanation:
FCN have own way and don’t care about market action. We can see that comparing daily chart with indices charts and we can see that is obviously. FCN trying to bounce from 10sma on the daily chart and if that try will work then that will be confirmation of trend continuation. Friday volume is higher and I will look for long trade above $63 area (previous high). $65 I number resistance area and it is 1st resistance and after that it is $67.50-$68 equal move resistance area. If anyone will have any question about trading plan, please feel free to contact me.

January trading results:
http://www.ivicacharts.com/diagrams/2008/dwl012008.htm

Kind regards
Ivica
 
Symbol: ARM
Company Profile: ArvinMeritor, Inc. supplies a range of integrated systems, modules, and components to the motor vehicle industry worldwide. It designs, develops, manufactures, markets, distributes, sells, services, and supports a range of products for use in commercial, specialty, and light vehicles.

Sector: Consumer Goods

Industry: Auto Parts

TRADING PLAN
Entry price: above: 11.00

Stop price: under: 10.35
Target area: 12-13 areas

Chart explanation:
ARM are forming reversal pattern on the daily chart. We can see that Pace on bounce is stronger then selling pace and also buying volume is bigger the selling volume. When we include weekly double bottom pattern I expect that ARM will continue bounce from weekly low. Also we can see on the daily chart that last several days ARM is in consolidation after bounce what is third try to break above 50sma resistance area (green line). Depend on pace after setup I will look for $12 or $13 area as target area what will be around 20sma resistance area on the weekly chart. If anyone will have any question about trading plan please feel free to contact me.

Kind regards
Ivica Juracic


http://www.ivicacharts.com/diagrams/2007/01222008arm.jpg
 
Last week trade example

AVY (Avery Dennison Corporation)

Trading plan: Short trade
Date entry. 01/08/2008
Entry price: $50.45 Stop price: $52.25
Target area: $45.00

Exit date. 01/18/2008
Exit price: 45.20
% results: 10.41
Result: $5.25
Risk/reward: 2.92

Trade exmaplanation:
AVY is good example why we tell that third try can be charm. On the daily chart we can see that setup was at 01/082008 under green bar and it was under$50.50. I used stop above 50sma ($52.25 area) with target at $45 area. Reason for target was daily equal move and number support area. That was reasonable target area and market action helped us in that mission. My main measure for success is risk reward and it was very nice on this trade.

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

Kind regards
Ivica Juracic

Setup chart:
http://www.ivicacharts.com/diagrams/2008/01082008avy.jpg

Exit chart:
http://www.ivicacharts.com/diagrams/2008/01222008avy.jpg
 
Ohhh thks :)
By what Im seeing, youre a very consistent trader even in this types of markets.
GJ
:)
Where did you learned all this?
Probably from the market itself but did u read any books or sites that really steped up your trading career?
 
Quote from IcyTrade:

Ohhh thks :)
By what Im seeing, youre a very consistent trader even in this types of markets.
GJ
:)
Where did you learned all this?
Probably from the market itself but did u read any books or sites that really steped up your trading career?
More...

I had mentors who helped me a lot to learn how to develop my own style. Of course experience and work helped. I still work around 10-12 hours per day and over weekend. After hours work is very important to see why, where, how etc. In my opinion learning is process and I¡¦m still in it: ƒº. I¡¦m helping to other traders but on that way I¡¦m helping to myself too.

Regards
Ivica
 
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