Trade Setups for 13th January 2011

Trade Setups for 13th January 2011

---

Dear traders

My main interest is to find lower risk setups. At this moment for that we need to see market correction and because of that I didn’t find any setup where I will post trading plan before market open. Market is still strong and I hope that we will see some daily exhaustion move up and we have fair odds for that possibility, but we can see on indices charts that they are already on the move and with new swing long trade that will be like jump in running train and that can be very risky. Since ma focus is on smaller risk setup at this moment I don’t see it. Right now for smaller risk setups it is best to look for smaller time frames (like 5/15 min time frame) and that will be focus for Thursday. Maybe they can turn in to something longer then scalp or day trade but right now we can’t say that for sure. I post few ideas, but again I will note that I want see open action before any activity. I will focus open trades and if exhaustion odds will work we can look for profit there. If anyone will have any question and additional explanation, please feel free to contact me

Wish you all great trading

Kind regards

Ivica

________________________________________________

Watch ideas:

Long ideas:

---

---

Short ideas:

---

---

For Ivica Juracich trading style explanation: click here

TRADING THE OPEN

During normal market conditions our regular setups generally do very well regardless what time they are taken. Trading right at the open always adds risk. During this low volume choppy market of the summer this risk is more pronounced. It is recommended that new trades not be taken for the first 5 minutes the market is open. I will treat each new trade that sets up during this time as a gap trade and wait till the stock comes back and takes out its 10 minute high or low.

Trading is risky. It is our job as traders to reduce this risk and increase our chances of success.

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!!!!!!!!!!!!!!!

_______________________________________________

If you have any questions, please feel free to contact me.

Good luck trading today!

Ivica Juracich

XpertStockTrader.com