Swing-day trading US stocks

Symbol: NYT

TRADING PLAN

Entry price: under: 16.50

Stop price: above: 17.00

Target area: 15 areas

Chart explanation:

On the daily chart NWL breaking triangle pattern. Blue line is 20sma resistance area and we can see that NWL trying to bounce and I will look for trend continuation. For equal move target area NWL selling pace must be stronger then selling pace in to triangle, and we must watch $15 area as bigger number support area. Because of that $15 area is my primary target area. I will move stop with daily 20sma (simple moving average)

http://www.ivicacharts.com/diagrams/2007/12172007ame.jpg

Wish you all good tradinging week!!!!!

Ivica Juracic[/LEFT]
 
Watch ideas: for 12/24/2007

Long:

PTV next earning date: Jan 23, 2008
http://www.ivicacharts.com/diagrams/2007/12242007ptv.jpg

GTI next earning date: Feb 28, 2008 http://www.ivicacharts.com/diagrams/2007/12242007gti.jpg


Short:
FCH next earning date: Feb 21, 2008 http://www.ivicacharts.com/diagrams/2007/12242007fch.jpg

I want to take this opportunity to wish you all a Merry Christmas, and for you who don’t celebrate a happy day off. I wish you all peace and a great time with family and friends. I will back after Christmas and I will spend time with you for the rest of the year.

Wish you all good trading!!!

Ivica
[email protected]
 
Chart of the week
Date:12/10/2007
Symbol: FWLT
Company Profile: Foster Wheeler, Ltd., through its subsidiaries, primarily provides engineering and construction services to the oil and gas, oil refining, chemical/petrochemical, pharmaceutical, environmental, power generation, and power plant operation and maintenance sectors worldwide.

Sector: Industrial Goods
Industry: Heavy Constructions

TRADING PLAN
Entry price: above: 167.75
Stop price: under: 152.75
Target area: 200 areas

Chart explanation:
FWLT forming third try triangle on the daily chart. Lots of time it will be “chart” and will bounce very strong. For now stop is under previous low and depend on setup volume and pace I will trails stop with 10sma or 20sma on the daily chart. Equal move is around $200 big number resistance area and again depend on volume and pace I will use it for target area.

http://www.ivicacharts.com/diagrams/2008/01032008fwlt.jpg


If anyone will have any question about this trade or any other setups please feel free to contact me

Kind regards
Ivica
 
Trade example

LINTA (Liberty Media Interactive)

Trading plan:
Entry price: 19.65
Stop price: 20.10
Target area: 18-open

Exit price: swing trade: 18.07
% results: 8.04
Result: 1.58
Risk/reward: swing: 8.04

http://www.ivicacharts.com/diagrams/2007/12262007linta.jpg

LINTA has setup at 12/27/2007 based on the weekly triangle and breakdown under 20sma support area (blue line). I used stop above $20.10 what was 50sma resistance area on the daily chart. It is important support/resistance area and I use them often for swing trades. Also it was above $20 as big number resistance area. LINTA fall very strong and fast and with first day in New Year reached first support area and fall in to oversold area on the weekly chart. That was enough reason to close trade or take partials. LINTA have more room to move down, but I will expect correction on the daily chart first.

http://www.ivicacharts.com/diagrams/2008/01032008linta.jpg

If anyone will have any question about this trade or any other setups please feel free to contact me

Kind regards
Ivica
 
Date: 01/07/2008
Symbol: FCN
Company Profile: FTI Consulting, Inc. provides consulting services to organizations confronting the legal, financial, and reputation issues. It provides advice and solutions to corporations, financial institutions, and law firms in the areas of forensic analysis, investigation, economic analysis, restructuring, due diligence, strategic communication, financial communication, and technology.

Sector: Services
Industry: Managment Services

TRADING PLAN
Entry price: above: 63.00

Stop price: under: 61.00
Target area: 65-67.50 areas

http://www.ivicacharts.com/diagrams/2008/01072008fcn.jpg

Chart explanation:
FCN have own way and don’t care about market action. We can see that comparing daily chart with indices charts and we can see that is obviously. FCN trying to bounce from 10sma on the daily chart and if that try will work then that will be confirmation of trend continuation. Friday volume is higher and I will look for long trade above $63 area (previous high). $65 I number resistance area and it is 1st resistance and after that it is $67.50-$68 equal move resistance area. If anyone will have any question about trading plan, please feel free to contact me.

Kind regards
Ivica
 
Symbol: ARM
Company Profile: ArvinMeritor, Inc. supplies a range of integrated systems, modules, and components to the motor vehicle industry worldwide. It designs, develops, manufactures, markets, distributes, sells, services, and supports a range of products for use in commercial, specialty, and light vehicles.

Sector: Consumer Goods

Industry: Auto Parts

TRADING PLAN
Entry price: above: 11.00

Stop price: under: 10.35
Target area: 12-13 areas

Chart explanation:
ARM are forming reversal pattern on the daily chart. We can see that Pace on bounce is stronger then selling pace and also buying volume is bigger the selling volume. When we include weekly double bottom pattern I expect that ARM will continue bounce from weekly low. Also we can see on the daily chart that last several days ARM is in consolidation after bounce what is third try to break above 50sma resistance area (green line). Depend on pace after setup I will look for $12 or $13 area as target area what will be around 20sma resistance area on the weekly chart. If anyone will have any question about trading plan please feel free to contact me.

Kind regards
Ivica Juracic


http://www.ivicacharts.com/diagrams/2007/01222008arm.jpg
 
Result of the week

WB (Wachovia Corp.)

Trading plan: Long trade
Date entry. 01/23/2008
Entry price: $34.65 Stop price: $33.90
Target area: $37-$38 areas

Exit date. 01/23/2008
Exit price: 37.00
% results: 6.78
Result: $2.35
Risk/reward: 3.13


Trade exmaplanation:
Another third try breakup. After a very weak open on Tuesday, I was looking for a reversal possibility and WB was just one of a number of reversal trades that we had. All the results can be seen at: IvicaCharts.com. WB consolidated under its' 200sma (red line) on the 15 min chart. We can also see that the bounce from lows was strong and after a midday consolidation and a good market situation, it was a nice candidate for a 15 min continuation. On the third try WB broke up and the initial target was $37 area but after a strong break up, strong buying pace and larger volume, I expected to see more than the equal move resistance area. Because of that it is always important to follow pace and volume and compare them with past action
If anyone will have any question please feel free to contact me

Kind regards
Ivica Juracic

Setup chart:
http://www.ivicacharts.com/diagrams/2008/01232008wb.jpg

Exit chart:
http://www.ivicacharts.com/diagrams/2008/01282008wb.jpg
 
Date: 02/11/2008
Symbol: EBAY

Company Profile: eBay, Inc., through its subsidiaries, provides online marketplaces for the sale of goods and services, online payments services, and online communication offerings to a diverse community of individuals and businesses in the United States and internationally..

Sector: Services

Industry: Catalog & Mail order houses

TRADING PLAN
Entry price: above: $28.20

Stop price: under: $27.50
Target area: $30 areas

Chart explanation:
On the daily chart we can see that EBAY bounced form daily double bottom patter. Volume increase and was higher on bounce from low and also we can see that during consolidation (last days) volume decrease. That is what we like to see during consolidation. It is important to follow market action because I don’t think that EBAY will make it without market support and that mean if market will continue with selling pressure it will be hard for EBAY to stay in daily reversal pattern. For resistance we must pay attention on previous daily high ($29 area) and 200sma resistance area on the 60 min chart. Breakout pace and volume will be key for EBAY success.

http://www.ivicacharts.com/diagrams/2008/02112008ebay.jpg

If you are interested for more about market commentary, chart of the wee and other free information’s you can find at my site. If you like my column here I’m sure you will like opportunity to see and get much more for free: IvicaCharts

If anyone will have any question please feel free to contact me

Kind regards
Ivica Juracic
 
Date: 02/19/2008
Symbol: SNCR

Company Profile: Synchronoss Technologies, Inc. provides multi-channel transaction management solutions to the communications services and digital content marketplaces primarily in North America.

Sector: Technology

Industry: Applocation Software

TRADING PLAN
Entry price: under $18.35

Stop price: above $19.50
Target area: $15 areas

Chart explanation:
First what we can see on SNCR daily and weekly charts is down trend. On the daily chart trying to break triangle pattern what is at same time weekly continuation pattern. I will look for trend continuation and next strong support area is $15 as whole number support area. For trade success it is important that SNCR stay under 10sma on the daily chart and I will trail stop with it. Also we must pay attention on breakdown volume and pace what will tell us about target expectation. If anyone will have any question during trade or before setup please feel free to contact me.

http://www.ivicacharts.com/diagrams/2008/02192008sncr.jpg

Kind regards
Ivica Juracic
 
Result of the week

CRL (Charles River Laboratories International Inc.)

Trading plan: Short trade
Date entry. 02/13/2008
Entry price: $60.95 Stop price: $61.50
Target area: $60-59.50 areas

Exit date. 02/13/2008
Exit price: 59.60
% results: 2.21
Result: $1.35
Risk/reward: 2.45

Trade exmaplanation:
Reason for CRL short trade was bull trap what we can see on the chart. With other words at 02/13/2008 CRL open was under 02/12/2008 close. Since CRL was closed near higher at 02/12/2008 next day open brought long trades in trap and that is always good short opportunity. On bull trap trade setup is under 5 min low and stop is above high at setup time. Of course that is generally because other factors like support areas on all time frames and size of 5 min bar. If 5 min bar will be extended I will continua to watch chart because traps have nice tendency for continuations and CRL is good example for that. We took when 60 min triangle was broken, also it was good for swing trade, and reason why we used it for day trade was nice reward and uncertainly market moment. For me risk/reward is main success measure and I think CRL was in line with it.

If anyone will have any comment or question please feel free to contact me.

Kind regards
Ivica Juracic

Setup chart:
http://www.ivicacharts.com/diagrams/2008/02132008crl.jpg

Exit chart:
http://www.ivicacharts.com/diagrams/2008/02192008crl.jpg
 
Position trade


Symbol: ATG


Company Profile:
AGL Resources, Inc., an energy services holding company, engages in the distribution of natural gas primarily in Florida, Georgia, Maryland, New Jersey, Tennessee, and Virginia. It operates in four segments: Distribution Operations, Retail Energy Operations, Wholesale Services, and Energy Investments.
Sector: Consumer Goods

Industry: Utilities

Trading Strategy:
Last several months ATG consolidate at 50sma monthly support area with breakdown tendency. After reversal from highs ATG lost monthly uptrend and I will look for equal move target area. For that possibility it is important that ATG break under 50sma monthly (200sma weekly) support area and as trailing stop I will use 10sma monthly resistance area. For now entry area is around $35.50-$35 support area what is under 50sma support area (green line on the monthly charts). If anyone will have any question please feel free to contact me.

Kind regards
Ivica Juracic

http://www.ivicacharts.com/diagrams/2008/02192008atg.jpg

http://www.ivicacharts.com/diagrams/2008/02192008atgweekly.jpg
 
Dear Trader,

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On March 5, 2008, I will start with my education course “how to be a successful trader – find your own way and become an independent trader”. I will cover all the important aspects to be a profitable trader and how to find best system for you. For you experienced traders I will bring you to a higher level.

You can join and use all the information available at IvicaCharts. Please register for your two week free trial. I am confident you will be convinced this great opportunity.

Here is what you can expect:
• Live interactive trading room including support, intraday scanning ideas and explanations (complete with a trading plan and chart explanations).
• Daily charts of potential trades using primarily the breakout style based on triangles, bases, flags. These types of trades will be primarily swing and day trades.
• Provide a daily watch list of potential trades. (These are the result of scanning thousands of charts. Members will get my best trading ideas several hours before the market opens.)
• Chart explanations with a full trading plan (entry, stop, target area).
• Results (open/closed trades).
• Market commentary (chart explanations with future market predictions)
• Intraday updates on the watch list page (This is great for members who can't be in the trading room)
• Education programs in the trading room (classes, trading examples, expectations, explanations why, where and how…etc)
• Continuing Educational example
Don’t miss this opportunity.

Kind regards
Ivcia Juracic
 
Trade Example

GVA (Granite Construction Inc.)


Trading plan: Short trade
Date entry. 02/27/2008
Entry price: $33.60 Stop price: $34.70
Target area: $30 areas

Exit date. 02/29/2008
Exit price: 30.03
% results: 10.63
Result: $3.57
Risk/reward: 3.25

Trade explanation:
GVA formed nice 60 min triangle at 02/27/2008, and at same time it was nice bear flag on the daily chart. Setup was under 02/26/2008 low ($33.67) and I used stop above $34.70 (02/26/2008 high). Target was at $30 area because that was first strong number support area and also equal move support area. I always mention that for good target we need to follow volume and pace. On the 60 min GVA chart we can see that pace and volume increased and in that case we can expect to see exhaustion move what result with target area. Also note how GVA couldn’t break above 60 min 10sma (trend test area). Market helped us and GVA reached target area and it was closed at Friday (02/29/2008).

If anyone will have any comment or question please feel free to contact me.

Kind regards
Ivica Juracic

Setup chart:
http://www.ivicacharts.com/diagrams/2008/02272008gva.jpg

Exit chart:
http://www.ivicacharts.com/diagrams/2008/03032008gva.jpg
 
Education example

EQIX (Equinix Inc.)


Trading plan: Short trade
Date entry. 03/03/2008
Entry price: $68.45 Stop price: $71.50
Target area: $60 areas

Exit date. 03/06/2008
Exit price: 60.25
% results: 11.98
Result: $8.20
Risk/reward: 2.69

Setup chart:
http://www.ivicacharts.com/diagrams/2008/03032008eqix.jpg

Trade explanation:
On the setup chart we can see that EQIX consolidated at lows and formed weekly NR7 bar (narrowest bar in last seven days). NR7 bar is always signal for possible action after consolidation. On the chart we can see that the EQIX has room for break down until 200sma support area. That happen last week and we took it under $68.50. For stop I used gap down (02/29/2008) resistance area what was also high of the day. We can see on the intraday charts that EQIX had nice and steady move down without strong daily bounces and reached target area at 03/06/2008. With over all uncertainly market action I didn’t want wait for more and exactly 200sma weekly support area and we closed EQIX at Thursday (03/06/2008).

Exit chart:
http://www.ivicacharts.com/diagrams/2008/03102008eqix.jpg


If anyone will have any comment or question please feel free to contact me.

Kind regards
Ivica Juracic
 
Watch ideas: 03/20/2008

Long:

VRTX next earning date: Apr 30, 2008 http://www.ivicacharts.com/diagrams/2008/03202008vrtx.jpg

Short:

ABAX next earning date: Apr 24, 2008 http://www.ivicacharts.com/diagrams/2008/03202008abax.jpg

AEO next earning date: May 22, 2008 http://www.ivicacharts.com/diagrams/2008/03202008aeo.jpg

PCR next earning date: May 08, 2008 http://www.ivicacharts.com/diagrams/2008/03202008pcr.jpg

If you have any questions, please feel free to contact me
Good luck trading today!!!!

Ivica Juracic
 
Last edited by a moderator:
Trade example

FTK (Flotek Industries Inc.)


Trading plan: Short trade

Date entry. 03/20/2008
Entry price: $15.97 Stop price: $15.20
Target area: $15 areas

Exit date. 03/20/2008
Exit price: 15.00
% results: 6.07
Result: $0.97
Risk/reward: 4.22


Setup chart:
http://www.ivicacharts.com/diagrams/2008/03202008ftk.jpg

Trade explanation:
On the trading results we can see that Friday FTK setup was our second trade. Day before FTK was nice to us and with nice 15 min base there was no reason to not try again. Setup was under 15 min base (under $16.00) and stop was above base ($16.20). After setup, FTK dropped very nice without tricks. On the weekly charts I saw that FTK had room until 200sma support area, but honestly, I didn’t expect that strong weakness and since $15 area is strong number support area I decided to close trade. It was day trade, and we god really nice risk reward and I think that we can be happy with it. FTK was classic move-rest-move trade. Rest (base) was our tool for good risk/reward.

Exit chart:
http://www.ivicacharts.com/diagrams/2008/03242008ftk.jpg

If anyone will have any comment or question please feel free to contact me.

Kind regards
Ivica Juracic
 
Last edited by a moderator:
Watch ideas for Monday and education trade example


Trade example

Trading plan: Long trade
Date entry. 03/24/2008
Entry price: $38.10 Stop price: $37.75
Target area: $39-40 areas

Exit date. 03/24/2008
Exit price: $38.95
% results: 2.23
Result: $0.85
Risk/reward: 2.43


Setup chart:
http://www.ivicacharts.com/diagrams/2008/03242008prgo.jpg

Trade explanation:
It was classic day trade. Move-rest-move. We used 10sma bounce possibility for trend continuation and for equal move target area. Breakup pace and volume was strong and that was enough reason that we expected target area. PRGO has room for $40 area but last week market action didn’t supported more trend continuation. I think that is very clear trade.

Exit chart:
http://www.ivicacharts.com/diagrams/2008/03312008prgo.jpg



Watch ideas for Monday

Long
http://www.ivicacharts.com/diagrams/2008/03312008x.jpg
http://www.ivicacharts.com/diagrams/2008/03312008pg.jpg
Short
http://www.ivicacharts.com/diagrams/2008/03312008bucy.jpg
http://www.ivicacharts.com/diagrams/2008/03312008agu.jpg

If anyone will have any comment or question please feel free to contact me.

Kind regards
Ivica Juracic
 
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