Not exact matches
In fact, in April I began
buying the BMO Junior Gold Index ETF (ZJG), using subsequent dips to average down my
entry price.
Such
price action indicated that a momentum - based breakout above the highs of the trading range was likely to occur in the coming days, so we added $ EPU to our «official» Wagner Daily trade watchlist as a potential
buy entry, just in time to catch the December 31 breakout.
For starters, take a look at the annotated daily chart of $ EPU below, which highlights our exact
buy entry point, as well as our current target
price on the $ EPU:
Now that you've seen the bullish
price action subsequent to the breakout, let's take a more important look at the technical trading criteria that preceded the breakout, which then prompted us to
buy the ETF for swing trade
entry.
Still, we will use IWM as the proxy for getting our
buy and sell signals for this trade set up, then use corresponding
entry and exit
prices for trading UWM instead.
As always, regular subscribers to our swing trading newsletter will be notified beforehand with our exact trigger, stop, and target
prices for this ETF trade setup if we make an «official»
buy entry.
On the January 13 open, we sold Tekmira Pharmaceutical Corp. ($ TKMR) for a share
price gain of +56.1 % since our November 29
buy entry.
Based on the above explanation of our short selling methodology, our anticipated
entry into $ GLD (or
buy entry into a «short ETF») is now a bounce to near the $ 150 level that is followed by the first subsequently bearish
price action.
This, coupled with silver's accessible
entry price, is prompting many investors to
buy silver bullion.
Stocks and averages can and frequently do «undercut» obvious levels of
price support for a few days and bounce right back (we like those plays for
buy entry):
Rather than chasing the
price action, we decided to patiently wait for a pullback or other low - risk
buy entry to develop.
To avoid chasing
buy entries, you merely scan for charts where the
price action is not extended too far above the 10 - week MA.
A few days after
buying $ SFUN, the
price headed south and fell below our original
entry price and nearly triggered our stop loss order to sell.
Within nine days of
buying the stock, the
price had drifted back down to our initial
buy entry (the pink horizontal line on the chart above).
To receive immediate access to our precision trigger
prices for
buy entry, exact stop
prices, and target
prices for both $ EIDO and $ THD, sign up now for your risk - free trial membership at: https://www.morpheustrading.com/services/swing-trading-newsletter.
Our most recent
buy entries into $ FB (Facebook) resulted in two separate
price gains of 49 % and 12 % earlier this year, but we would still consider re-buying $ FB in our newsletter if it presents us with a low - risk re-entry point (such as a cup and handle pattern) in the coming weeks.
However, if / when it forms a proper base of consolidation from here, we can begin to look for a low - risk
buy point (at which time we would notify Wagner Daily, subscribers of our exact
entry, stop, and target
prices).
As always, we will promptly alert Wagner Daily subscribers with our preset
entry, stop, and target
prices for this swing trade setup when / if it provides us with an ideal, low - risk
buy entry point in the coming days.
Also, you may want to review how we gained 19 % in just 6 days with $ JO, as the ETF may again be setting up for potential
buy entry on its current pullback (subscribers of The Wagner Daily newsletter will be notified of our exact
buy trigger, stop, and target
prices if / when we re-enter $ JO).
We are now monitoring $ FXE for a potential low - risk
buy entry point on a pullback, especially if the
price action can test the rising 20 - day exponential moving average, along with forming a «higher low.»
A break above the three - day high is our
buy entry, as this would put the
price action above the 20 - day EMA and the short - term downtrend line of the tight range.
As anticipated, the stock triggered our
buy entry that day, and we were long at an
entry price of $ 14.20.
However, although such
price action is bullish, the daily chart pattern presently does not yet provide us with a clearly defined
buy entry point and level for setting a stop
price.
On the night of February 11, we listed $ JO as a potential
buy entry in our Wagner Daily newsletter, with an exact
buy trigger
price just above the high of the two - day consolidation.
Admittedly, it was a rough start to the morning, as DGP initially plunged to nearly hit our protective stop
price shortly after
buy entry (Fed days are always tricky to trade).
Stop
Entry order — A stop - entry order is placed to buy above the current market price or sell belo
Entry order — A stop -
entry order is placed to buy above the current market price or sell belo
entry order is placed to
buy above the current market
price or sell below it.
For example, if you want to trade long but you want to enter on a breakout of a resistance area, you would place your
buy stop just above the resistance and you would get filled as
price moves up into your stop
entry order.
If $ TBT meets our technical criteria for
buy entry in the coming days, we will report our preset, exact
buy trigger, stop, and target
prices to subscribers of our ETF and stock picking newsletter.
Nevertheless, we are now targeting ProShares UltraShort Real Estate ETF ($ SRS), an inversely correlated «short ETF,» for potential swing trade
buy entry going into today (detailed trigger, stop, and target
prices were already provided to subscribers of The Wagner Daily swing trade newsletter).
For this momentum trade setup, we are looking for potential
buy entry on a slight pullback from the March 4 move (the
price must drop to the exact
buy limit order listed in today's Wagner Daily in order to trigger the trade).
However, yesterday's
price action in EEM now makes our reward to risk ratio even more favorable for
buy entry because the ETF gapped lower on the open, then reversed to close at its intraday high.
«Limit
entry» — This
entry must be placed above the current market
price for a sell and below the current market
price for a
buy.
On the other hand, the
price zone of 1.3370 - 1.3400 remains a significant support zone to be watched for valid
buy entries if the current bearish momentum persists below the mentioned key level (1.4100) and 1.4000 (a prominent Weekly Support).
SmallCapReview.com does not give «
buy» recommendations,
price targets nor suggest
entry and exit points.
On the other hand, conservative traders should wait for a bearish pullback towards the
price zone of 1.3370 - 1.3400 where a valid
buy entry can be offered.
We have also labeled our
buy entry point from that day, along with our initial stop
price:
The chart below shows the
price action after our
buy entry, as well as the exit that locked in a 13 % gain over just six sessions:
The second ETF on our watchlist for potential
buy entry today is US Natural Gas Fund ETF ($ UNG), a commodity ETF that tracks the
price of the natural gas futures contracts.
Bull flag breakouts are momentum - driven, so we typically look for the
price action in a bull flag pattern to move sharply higher within just 5 to 10 days of our
buy entry.
As always, regular subscribers of The Wagner Daily, our technical trading newsletter, will be notified in advance of our predetermined
entry, stop, and target
prices for the $ TAN swing trade if it meets our strict, rule - based criteria for
buy entry.
The charts below show the technical
buy setup in XLU prior to our
entry: The chart below shows the subsequent
price action after our
entry: On March 9, XLU trigered a
buy entry and was added to the model portfolio of The -LSB-...]
$ AMD triggered our
buy entry on November 29, when the
price moved above resistance of the previous day's high.
Jumping the gun by
buying stocks or ETFs before technical analysis provides us with our predetermined
entry price is never recommended:
But more importantly than this, the second part of our reply to the subscriber was a friendly reminder that KOL did not even hit our exact trigger
price for swing trade
buy entry that was listed in the ETF Watchlist section of our newsletter (
buy trigger was above the intraday high of November 6).
The next step before attempting to establish a low - risk
buy entry in a stock that is basing out is to ensure the
price action has begun to show signs that bullish momentum has moved back in our favor.
The current daily chart of UNG below shows the subsequent
price action after our September 25
buy entry:
If the
price action holds the 20 - EMA and triggers a swing trade
buy entry, we may be able to add to the position on the way up (below $ 13.80) if there is some sort of one or two - day pause.
Absolutely, I'll be
buying more PM if it goes below $ 75 and that will be a superb
entry price while media sigh and heave about strong dollar currency, and therefore, concerned about the foreign money converted into less dollars and less profit.
«They might
buy 150
entries in the dining hall for a
price,» Plodzik explains.
main
entry: I like the fact that Sears sells name brands you can trust and have for years like craftsman tools and offer a % 100 lifetime money back guareentee for craftsmen tools that break which my husband has used and stood by for years so its the only place we
buy tools and I love there top quailty sheets that are always
priced great and last for years I also like the instore pickup they offer to save on shipping cost.