Two traders can indeed see the same chart differently and more often than not they will get different results from the exact same
trading setup on the exact same chart.
As such, we are now targeting this trade as an «official» momentum swing
trade setup on today's watchlist.
The third and final new ETF
trade setup on today's watchlist is a potential short selling entry into SPDR Metals & Mining ETF ($ XME).
Going into this week, we have one new technical ETF swing
trade setup on our watch list, which is another international ETF was a bullish chart pattern.
Based on the weekly and daily chart patterns above, we have officially added $ IBB to our watchlist as a potential swing
trade setup on the short side.
Going into today, US Oil Fund ($ USO) is a new ETF swing
trade setup on our watchlist for potential buy entry.
Going into today's session, last Friday's new swing trade setup in iShares Poland Index ($ EPOL) remains an «official» buy setup with exactly the same trade parameters (subscribers to our Wagner Daily ETF and stock pick newsletter should note our exact trigger, stop, and target prices for this ETF
trade setup on the Watchlist section above).
Although the daily chart is useful for seeing short - term trends,
trade setups on the monthly timeframe can be more explosive, especially when they align with bullish price action on the weekly and daily chart intervals.
When we first explained
the trade setup on September 24, we said our estimated holding time for the swing trade would be just 2 to 5 days because we were only looking for a «very quick, momentum - based «pop» above the 200 - day MA.»
Again, Wagner Daily subscribers should note our detailed parameters for
this trade setup on today's watchlist.
There are plenty of
trade setups on the 4 Hour and 1 Hour charts, and an occasional setup on the Daily chart.
Kathy Lien and Boris Schlossberg wrote about this 5 - Minute Forex «Momo»
trade setup on Investopedia.
The last
trade setup on DAX did not perform as expected, or at least as thought it would behave.
The indicators are being added unto the charts after which the trader can scan for valid buy / sell
trade setups on all timeframe's.
In the next chart, we show a breakout
trade setup on EUR / GBP, with Bollinger Bands (20,2).
Not exact matches
The grim
setup for gold is shown in the charts, Todd Gordon, founder of TradingAnalysis.com, told CNBC's «
Trading Nation»
on Wednesday.
In addition to this $ VXZ
trade setup, note that we still have $ QQQ
on our watchlist as a potential short entry (or inverse ETF entry), due to the head and shoulders pattern
on its weekly chart (review our recent analysis of this
setup on this blog post).
The MTG Stock Screener is web - based software that simply uses preset formulas to quickly narrow down and provide you with a list of the best stock breakout or pullback
setups, but it does NOT provide you with specific guidance
on trading strategy or when to buy and sell.
Going into today, there are two new swing
trade buy
setups on our Wagner Daily watchlist: Ambarella ($ AMBA) and Organova Holdings ($ ONVO).
There are two basic technical
setups for swing
trading on the short side, each with very different looks in terms of where these stocks are
trading in relation to their 52 - week highs.
Our short
setup in iShares Nasdaq Biotechnology Index ($ IBB) remains
on our watchlist as a candidate for potential swing
trade short sale entry going into today (December 17).
The breakout above resistance
on the weekly chart, combined with the pullback
on the daily chart, provides for a positive reward - risk ratio for this ETF
trade setup.
Although our nightly swing
trading newsletter is basically a dynamic service that generates specific stock and ETF
trade ideas, the main goal of our
trading system is to aggressively
trade the best technical
trade setups when conditions are ideal, but also be ready and able to quickly and cut back market exposure by reducing position size
on new
trades (or simply not
trading at all) when market conditions deteriorate.
Today, I share with you the technical
setup of one of the best looking ETF
trade setups out there right now, so read
on for all the details...
As with $ LULU, I remain
on the sidelines with this
setup, but will be monitoring closely for a potential short entry in my nightly swing
trading newsletter.
While $ XLE remains
on our internal watchlist as a potential buy entry in the near - term, further research enabled us to actually find a better ETFs swing
trade setup within the same industry sector.
On today's watchlist, subscribing members of our technical stock picking newsletter should also note the
trade details for three additional swing
trade setups (2 stock picks and 1 ETF pick).
Therefore, although TMF is not yet listed
on today's watchlist as an «official» buy entry, it is now
on our internal watchlist as a potential technical swing
trade setup we are monitoring for the proper trigger point for buy entry.
In this video
trading lesson, I discuss how I use the «fakey price action pattern'to make money
trading GOLD and the next «potential
trade setup» I see setting up
on the GOLD chart.
In the members» daily
trade setups newsletter, we discuss potential
trade setups and provide detailed chart analysis
on Currency Pairs, Commodities, Stock Indices and more.
The technical swing
trade setup for $ MX is shown
on the annotated daily chart below:
We can look to target support near 1.1915 and be sure to check our daily members
trade setups newsletter throughout the week for updates
on potential EURUSD
trades.
Thus, even though the
setup was valid and obvious it resulted in a losing
trade; the point being that you need to release your expectations of winning
on every
trade!
Another thing, I usually
trade end - of - day... but today the inside bar
setup on the Dow was to obvious not to take.
However, we will point out that our initial stop price
on $ HIMX is tight because this is a G.O.N.G («go or no go»)
trade setup.
Stops can't just be placed randomly nor placed based
on the position size you want to
trade, they need to make sense and be in the context of the price action
trade signal /
setup and also in the context of the current market dynamics.
The technical
trade setup for TZA is shown
on the daily chart below:
James Ramelli is the Moderator of the Live Futures Options
Trading Room at KeeneOnTheMarket.com where he actively
trades futures and options
on futures while educating members
on strategies,
setups and risk management.
For example, many day traders are focused
on trading e-minis with a focus
on either economic event - driven moves — such as GDP releases or FOMC minutes — or purely technical
trading using chart
setups or indicators.
Subscribers should notice
on the ETF
Trading Watchlist that we have adjusted both the trigger and stop prices for the EEM swing
trade setup.
The technical
trade setup for $ IYT is illustrated
on the chart below:
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).
com is an easy to use platform, where everything are
setup from the start and ready to
trade on your behalf.
Winning traders view each
trade setup as just another execution of their
trading edge, they then think about how to minimize their risk
on the
trade while simultaneously maximizing their reward.
Now, the Morpheus Stock Screener instantly presents you with the best stock
trade setups (based
on our
trading system and proprietary algorithms) in USA, Canada, India, UK, Hong Kong (new), and Brazil (new).
We'll help you spot and understand
trade setups you want to jump
on!
On June 14, in this blog post, one of the swing
trade setups discussed in our
trading video was a possible buy entry into Ebay, Inc ($ EBAY).
A few days after highlighting the
trade setup, EBAY triggered a long entry after it broke out above the downtrend line
on increasing volume, closing near the high of the day.
Today's lesson was just meant as a general guide of how to logically and effectively place stop losses and targets
on select price action
trade setups, I discuss different entry scenarios and more
trade setups in my
trading course and members» community.
We always have to justify the risk we are taking
on any one
trade, that's how you should think about every
trade you take; justify the money you are laying
on the line, and if you can't make a good case for risking that money given the
setup and market structure, then don't take the
trade.