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  • Day Trading Bullish And Bearish Crossover In Stock: AAPL, SPY, UVXY, VXX, CONN, AREX, KERX

    Day Trading is risky business and you stand to lose everything if you fail. You must accept this fact before you start day trading.

    Some essential aspects include:

    Where to trade

    When to trade

    What instruments to trade

    What is your trading strategy and how to execute it

    How much to risk per trade

    When to reduce trade size when in doubt

    Broker, internet, computer, and what happens when they fail to work

    The trading plan is a work-in-progress. Keep refining it and add to it.

    Remember Trade with your eyes and Scale in your position and never fight a trend.

    In this article, I will try to explain how to trade crossover using simple chart.

    (click to enlarge)
    AAPL Day Trade Chart Set Up

    The above chart is divided into 3 section

    Price Chart

    (click to enlarge)
    Price Chart
    In this chart we look at the blue line which is Big R, and which indicates buying or selling pressure. If the stock price crosses the blue line, there will be buying pressure and the stock is more likely to go higher. Same way if the stock price crosses blue line below, there will be selling pressure. Next one to check is the green and red dots, it indicates trend. Green dot is for up trend and red dot is for downtrend.

    Indicator 1

    (click to enlarge)
    Indicator 1
    In this chart we concentrate on green line. If the green line crosses red line below then the trend is down. Same way if the green line crosses red line then there is change in the trend

    Indicator 2

    (click to enlarge)

    This is the most important indicator, it tells when to Buy, Sell or Hold. The best entry is always the crossover point with stop loss. If the green line crosses red line above, then the stock price is likely to go higher and if the green line crosses red line down then the stock price is likely to drop.

    SPY Chart:

    (click to enlarge)
    SPY Chart

    UVXY Chart:
    (click to enlarge)
    UVXY Chart

    VXX Chart:

    (click to enlarge)
    VXX Chart

    CONN Chart:

    (click to enlarge)
    Conn Chart

    AREX Chart:

    (click to enlarge)

    KERX Chart:

    (click to enlarge)

    Stock market is unpredictable but you can always minimize some common mistake. Join us to learn more.

    Tags: AAPL, SPY, UVXY, VXX, CONN, AREX, KERX
    Sep 08 2:13 PM | Link | Comment!
  • Day Trading Bullish And Bearish Crossover In Stock: AAPL, SPY, UVXY, VXX, CONN

    Day trading is risky business and you stand to lose everything if you fail. You must accept this fact before you start day trading.

    Some essential aspects include:

    Where to trade

    When to trade

    What instruments to trade

    What is your trading strategy and how to execute it

    How much to risk per trade

    When to reduce trade size when in doubt

    Broker, internet, computer, and what happens when they fail to work

    The trading plan is a work-in-progress. Keep refining it and add to it.

    Remember Trade with your eyes and Scale in your position and never fight a trend.

    In this article, I will try to explain how to trade crossover using simple chart.

    (click to enlarge)
    AAPL Day Trade Chart Set Up

    The above chart is divided into 3 section

    Price Chart

    (click to enlarge)
    Price Chart
    In this chart we look at the blue line which is Big R, and which indicates buying or selling pressure. If the stock price crosses the blue line, there will be buying pressure and the stock is more likely to go higher. Same way if the stock price crosses blue line below, there will be selling pressure. Next one to check is the green and red dots, it indicates trend. Green dot is for up trend and red dot is for downtrend.

    Indicator 1

    (click to enlarge)
    Indicator 1
    In this chart we concentrate on green line. If the green line crosses red line below then the trend is down. Same way if the green line crosses red line then there is change in the trend

    Indicator 2

    (click to enlarge)

    This is the most important indicator, it tells when to Buy, Sell or Hold. The best entry is always the crossover point with stop loss. If the green line crosses red line above, then the stock price is likely to go higher and if the green line crosses red line down then the stock price is likely to drop.

    SPY Chart:

    (click to enlarge)
    SPY Chart

    UVXY Chart:
    (click to enlarge)
    UVXY Chart

    VXX Chart:

    (click to enlarge)
    VXX Chart

    CONN Chart:

    (click to enlarge)
    Conn Chart

    Stock market is unpredictable but you can always minimize some common mistake. http://www.freefdawatchlist.com/2014/09/day-trading-bullish-and-bearish.html

    Tags: AAPL, SPY, UVXY, VXX, CONN
    Sep 07 3:41 AM | Link | Comment!
  • Basic Trading Technique Tip #1: MTRX Day Trade

    Whenever stock is down over 10, 20 or 30% , first thing investor think it should be easy to make 1-2% on such a weak. But sometime stocks that is down 10% goes further lower and end up 20% down at the close. As a day trader we focus on right entry and right exit point. Below I will be sharing very basic trading technique that's easy to understand.

    This was the trade that was executed after market open. http://www.freefdawatchlist.com/2014/09/20-minutes-of-day-trade-for-sept-4th.html

    (click to enlarge)
    Whats so special about this entry ?

    Step 1: Decide the stock to trade. In this example I'll explain MTRX trade.

    MTRX : missed earning and guided low and so it Gapped lower.

    (click to enlarge)
    MTRX chart at the open

    Step 2: Draw a horizontal line at the lower low of the bar as shown in the chart below and check if the next bar can cross the lower low level. If yes thats the right enty and if no then continue drawing line as shown in step 3.

    (click to enlarge)

    Step 3: Continue drawing horizontal line till the stock crosses the lower low level

    (click to enlarge)

    Step 4: At some point stock will find support and it will cross the lower low level which is Tweezer bottom and perfect entry point. Remember the moto is "Make small gain and move on" as shown in the chart below. The horizontal line becomes new support and resistance for the stock.

    (click to enlarge)

    Look for Tweezer top for reversal and Tweezer bottom for reversal bounce play.

    I hope this simple technique will be useful. Join us to learn more such simple technique which works.

    Tags: MTRX
    Sep 05 12:27 AM | Link | Comment!
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