An uptrend can be defined as two consecutive higher lows and higher highs. So, if we have spotted an already existing uptrend then we expect that after the higher low there will be a higher high. Failure to accomplish the expected higher high is an indication that the existing uptrend is weakening and a new […]
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An ”almost” very successful swing trade
Entry time: 10.35 EDT on Monday October 15. Exit time: 11.56 EDT on Friday October 19. Trade duration: 4 days. Entry price: $28.26. Exit price: $29.29. Strategy: Reversal long. Net profit: 1 dollar/share. Sometimes, someone can find a very promising pattern but various market conditions can spoil the trade. Although this was a winning trade […]
Read MoreDay trade on October 3
Entry time: 10.59 EDT. Exit time: 11.24 EDT. Trade duration: 24 minutes Entry price: $34.16. Exit price: $34.56. Strategy: Reversal long. Net profit: 36.50 cents/share. Criteria for taking the trade: 1. The market is in uptrend in the short term (SPY daily chart below). 2. The intraday 5 minutes chart of SPY is also in an uptrend (below). […]
Read MoreDay trade on September 26
Entry time: 10.49 EDT. Exit time: 11.46 EDT. Entry price: $23.71. Exit price: $24.15. Strategy: Reversal long. Net profit: 41 cents/share. Criteria for taking the trade: 1. The market is in uptrend in the short term (SPY daily chart below). 2. JCP has visited a strong support (daily chart below) and it stopped exactly at its lower point. The possibility […]
Read MoreDay trade on July 30
Entry time: 09.46 EDT. Exit time: 09.48 EDT. Entry price: $34.97. Exit price: $35.28. Strategy: Reversal long. Net profit: 27.50 cents/share. Criteria for taking the trade: 1. The market is in uptrend in the short term (SPY daily chart below). 2. CBI has visited a strong support (daily chart below) and it was hovering about 15 cents above its […]
Read MoreDay trade on July 27
Entry time: 09.49 EDT. Exit time: 10.09 EDT. Entry price: $28.10. Exit price: $28.44. Strategy: Reversal long. Net profit: 30.50 cents/share. Criteria for taking the trade: 1. The market is in uptrend (SPY daily chart below). 2. This day SPY began with a gap up and the sentiment was generally bullish (SPY 5 minutes chart below). […]
Read MoreDay trade on July 26
Entry time: 14.11 EDT. Exit time: 15.15 EDT. Entry price: $24.85. Exit price: $25.28. Strategy: Reversal long. Net profit: 39.50 cents/share. Criteria for taking the trade: 1. The market is in uptrend (SPY daily chart below). 2. This particular day SPY began with a gap up and the sentiment was generally bullish (SPY 5 minutes […]
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