Routine and its application to trading

Why the absence of 'routine' can foreshadow the demise of a trader

Risk Management Concepts

Apply proper risk metrics prior to your next trade

Money Management

Set yourself up for the highest probability for success

Idea Generation

The process of idea generation and how to capitalize on them

Indicators

How to properly use your indicators to find the next explosive break-out

Monday, March 25, 2013

United Parcel Service (UPS)

Trade For: Monday, March 25th 2013
Length of Trade: Multi-day (2 day preference)
Bias: Short
Entry: 84.75
Stop: 85.00
Target: TBD


Take a look at UPS. The hourly chart is ready to make a sharp reversal to the down-side. The market is breaking down and the components seems to be lining up to make this trade a winner.


The MACD Histogram is reversing to the negative and the trend line is also breaking. The two minute chart looks like there may be some favorable pricing opportunities for the entry.


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Friday, March 22, 2013

Amazon.com (AMZN) Update**

Take a look as the signals are starting to come together. Long Trade here.


Edward Life Sciences (EW) ** Update

You have to admit that the EW call was pretty good. I wanted to give you some good news. This one doesn't seem to want to quit. It's looks like a grinder.