Sentences with phrase «weekly trade setups»
I now only trade daily or weekly trade setups.
http://www.learntotradethemarket.com/ Not exact matches
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 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.
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.
In the best, most promising stock trading setups, all three chart time frames (daily, weekly, monthly) will confirm the patterns of one another.
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.
I had my stop set and my profit target set and it started to look good going perfect and I was three quarters towards my target when it turned around fast this is where people start to panic but if you have the patience to not mess your trade up and let it run.My trade kept going against me past break even and then into negative territory then reversing again and reaching my target!I have found it best to trade of the daily or even weekly setups looking for a setup that jumps out at you, all you need is 4 trades a month and you will find you make more money than trying to trade all day and making more mistakes wait till you see good setup PATIENCE!