Trade Setups for Monday 5th, March 2012
Dear traders,
I believe that chart will tell us more than many words and because of that I make indices daily charts. There is no big change in action then last week. You can see that I draw pull back possibility and all there charts give us same reasons. First is CCI divergence and second is buying pace. Buying pace is weaker and weaker and market looks more and more ready for pull back. I won’t say that will be new trend down or something like that. That is impossible to know but I know that if DIA will break under 20sma (blue line), SPY under 10sma (brown line) and QQQ under Friday low that we could look for some correction. How strong and how far that is what we must see first for any expectation. Since buying pace is weaker and weaker, then odds for sharp pull back will increase and that is something what I will looking for next days.
Those who been with us in the live trading room (it is absolutely free) seen on what way I try to take that move and how I cut risk and increase reward. I explained most important things for my style and possibility for every trader to use live trading room activity. I gave trading plans for scalps, day trade or swing setups and reason how, where and why. I will invite you join us next week because it is not too late and here is how to do that:
In a period from 27th February to 12th March you can try our LIVE TRADING ROOM for 15 days WITHOUT CREDIT CARD REGISTRATION
Simply contact us to: ivica@xpertstocktrader.com and we will create your account for our LIVE TRADING ROOM
Benefits of Trading Room:
- Real time entry, stop and a possible target for each potential trade idea.
- Market analysis and risk management in real time.
- Members are able to post trading question regarding potential trades or just to augment their education.
Don't miss this unique opportunity, contact us and request FREE access to our LIVE TRADING ROOM (value $99)
Contact email: ivica@xpertstocktrader.com
For any questions feel free to ask
Iviac Juracic
Trader and Founder
XpertStockTrader.com
LONG IDEAS
SHORT IDEAS:
PLEASE NOTE:
The primary focus of my service is to find Swing Trades. I look for intraday setups that have a potential to become swing trades. Since my membership is diverse I do post additional ideas (day trades, position trades and scalp trades). It is up to you to decide which trades are appropriate for your trading style. I do NOT personally take every trade. Your success depends on YOU taking trades you understand and like. I am always available to contact for additional trade explanation.
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. 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 15 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
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