Markets are mixed (not surprising considering time cycle completion on 20 th ish). Extreme caution between here and 20th ish.
Looking for a pull back on DGAZ to size next leg above starter.
Holding VIX starter short in TVIX – HIGH RISK TRADE, extreme caution. Likely reverse bias after Dec 20 ish.
Holding SPY long starter. Likely reverse to short after Dec 20 ish.
Holding DWT short starter (however, it looks like oil may take another leg down here, it will either hold here or down another floor). Will size in next leg after a pull back in oil.
Holding ARWR swing starter long (missed my next leg size).
Looking for a possible BTC long swing other side of Dec 20 ish.
Looking for a possible Silver and Gold long other side of Dec 20 ish.
Looking for a possible DXY short other side of Dec 20 ish.
Expect next 6 months to be trading career huge. Massive range. Equity swings will increase as we come out of this time cycle peak – it will be a stock pickers year in 2019 with technical analysis rooting the trade action. My goal is to retire off front lines in 6 months (still here, but off the front lines), to do that my personal trading and machine trading has to be massive to win side.
At 2 PM today I am taking the team in to lock down with me until Sunday night futures. We have to finish the coding updates in oil we discovered necessary with things that happened in trade this week – I know, it takes time and we’re going to get this right. We also got behind due to WordPress updates that completely surprised us. We’ve resolved the issues but this has put our reporting behind. So this needs to also be caught up. And lastly, we have a 2018 work in progress list that has to be completed before Jan 1, 2019. So we’ll be in staff lock-down between 2 pm today and Sunday futures. Next week we will likely do the same around this time of the week to get everything caught up before the new year.
Trading Room Schedule:
I will be in trading room for open and most of the morning. Markets are in flux so I don’t expect much trading (YTBD) and encourage you to stay safe as possible until we’re on other side of Dec 20. Trading room will close near mid day. No mid day review. Trading room will not be open Friday and will re-open for Sunday night futures.
Premarket report may be processed – pending at this point.
Any questions send me a DM or email anytime.
$LTBR Lightbridge 3.40% psychedelic chart structure with specific buy sell triggers at arrows. Big range likely.
I would watch this one close for a move over first arrow buy trigger. When that happens it could be a serious net gain to a trading account. Very serious ROI 0.39% possibilities.
This chart structure has serious horsepower if it gets going again.
Every buy sell trigger point you need to trade the possible move.
Welcome to the Compound Trading Swing Trade Report for Tuesday, January 30, 2018 (Part B). Swing, Trading, Stock, Picks, $LTBR, $WMT, $AAPL, $IBB, $RCL, $JKS, $FEYE, $LACDF, $CTSH, $NVO, $SNAP, $TSLA, $AMMJ, $AAU, $VGZ, $AGN, $LAC, $EWZ, $PCRX, $AMD and more …
Email us at firstname.lastname@example.org anytime with any questions about any of the swing trades listed below. Or, if we get bogged down private message Curtis in trade room or direct message him on Twitter. Market hours are tough but we endeavor to get back to everyone after market each day.
As of November 27 the swing trading reports will include buy sell triggers for listed equities that are setting up for a trade. Please see specific equities below that fit that category for more information.
Below is Part A of this post. Part B (the remaining equities listed not completed will be follow and be sent to members).
This report is 1 of 5 in rotation.
We will categorize our coverage soon as we are following more stocks weekly than we expected when we first started the service.
When managing your trades with the weekly reports keep in mind that you will have to invest an hour or two a week to check the indicators mentioned for buy and sell triggers. I was asked recently why we do not usually (although we do sometimes) include precise entry and exit points. The reason is simple, they don’t work – those services have terrible results.
Swing trading success, even with a service, does require “some” maintenance on the part of the user, although the new live alert service will take much of that burden off the user as we know many of our users have busy lives. It is the indicators lining up that signal a trade long entry or an exit. In our case rely heavily on MACD on daily or weekly (or Stoch RSI and Moving averages) but indicators we are basing our trade entry and exits on are listed with each trade so any user that does even moderate trade management will know when the indicator(s) have turn with or against the trade.
Intra-week you can DM myself on Twitter (@curtmelonopoly), visit me on Discord (http://discord.gg/2HRTk6n) and private message me or email me (email@example.com) with specific questions regarding trades you are considering. You can also visit the main trading room at mid-day and ask questions by text in the chat area of the room.
It is critical that you attend to the maintenance of your signals at least once a week if not twice and set stops and preferably alarms so that intra-week you can enter / exit or add / trim as required. If nothing else you can always book some coaching time and I’ll assist.
IF WE DON’T GET BACK TO YOU RIGHT AWAY it is usually because we are pressured with deadlines or are trading.
Also, as live charts are made available below, click on link and open viewer. Then to use chart yourself click on share button at bottom right (near thumbs up) and then click “make it mine”.
Newer updates in red for ease.
Recent Compound Trading Videos for Swing Traders / Charting Set-Ups:
See You Tube for other recent video posts.
Profit and Loss Statements:
Q3 to be released soon.
Q2 2017 Swing Trading Results are available here: P/L Realized Gains: $99,452.00 Percentage Portfolio Gain 105.74% (~35% per month).
July 2017 Trading Challenge P/L Report $NFLX, $XIV, $AAOI, $AKCA, $BWA, $SRG, $MCRB, $UGLD, $IPXL, $HIIQ and more
— Compound Trading (@CompoundTrading) August 11, 2017
Email us at firstname.lastname@example.org anytime with any questions about any of the swing trades listed below. Or, if we get bogged down private message Curtis in trade room or direct message him on Twitter. Market hours are tough but we endeavor to get back to everyone after market each day.
Swing Trading Stock Watch list
$AAPL – Apple
Jan 30 – $AAPL Apple trading buy sell triggers I am watching for earnings. #swingtrading #earnings
Earnings bullish scenario – 164.59 area is a buy long if it holds after earnings for a first target of 176.56 and then 188.67.
Bear scenario – 164.59 fails targets a swing lower to 152.63.
Secondary buy / sell triggers per Fib horizontal lines on chart below.
Dec 18 – Apple looks good here. Trade was strong Friday and premarket it’s on the move here Monday – I’ll likely wait for highs to break and then watch the buy / sell Fib levels for a decision from there.
$AAPL MACD is turning up with Stoch RSI and SQZMOM up – buy sell triggers at fib levels on break out on chart.
Buy / sell triggers to watch for a swing trade with Apple stock:
$AMD Advanced Micro
Jan 30 – $AMD important levels to watch for trading earnings. Bull scenario targets first 14.95 and bearish 12.25 first #premarket
Will be watching earnings close. Upside target is 17.00 if 14.95 is gained and held post earnings.
Five Reasons to Buy AMD (AMD) Ahead of Earnings https://finance.yahoo.com/news/five-reasons-buy-amd-amd-231411295.html?.tsrc=rss
Dec 18 – $AMD trading 10.30 bounced off important support under 200 MA with MACD turning up. Tough call here.
Indecisive action because price is under 200 MA but it will likely see the outside wall of the quadrant – which makes it difficult to state a sell trigger because the quad is diamond shaped so you would have to watch how price handles the diagonal fib related quad wall resistance as trade approaches.
Nov 27 – Below are the buy sell triggers and indicator set up needed for long entry.
$AMD Swing trade buy sell triggers – be sure MACD is turned up with SQZMOM Stoch RSI trending up at entry.
$WMT – Wallmart
Jan 30 – $WMT Important trading levels for Wallmart earnings in 21 days. #earnings #trade
Wallmart Buy / Sell Triggers:
116.23 – tighter time-frame
99.56 – tighter time-frame
Real-time live chart link for Wallmart https://www.tradingview.com/chart/WMT/KvzsVZHm-WMT-Important-trading-levels-for-Wallmart-earnings-in-21-days/
Dec 18 – Trading 97.00 testing 20 MA with MACD trending down. Will wait for MACD turn up to assess.
$LTBR – Lightbridge Corp.
Jan 30 – $LTBR LightBridge If 2.36 holds it targets 3.06 first price target and then 3.77 #trading
Real-time $LTBR chart with buy sell price triggers:
Dec 18 – $LTBR chart trading 1.06 under 200 MA with indecisive indicators. No trade signal.
Nov 27 – Trading 1.03 with indecisive indicators. Will watch.
Nov 4 – $LTBR Premarket trading 1.13 – not normally a bottom player but this may be one soon. Waiting on 200 MA refain and indicators to confirm.
$RCL – Royal Caribbean
Jan 30 – $RCL Royal Caribbean buy sell triggers and diagonal resistance lines we established months back have proven profitable for our swing traders.
Buy sell triggers for $RCL swing trading are as follows:
Plus the secondary horizontal lines you see on the chart.
Real-time chart link: https://www.tradingview.com/chart/RCL/9YwFkoBq-RCL-Royal-Caribbean-buy-sell-triggers-and-diagonal-resistance-l/
$RCL Trading 133.55 with Stoch RSI turning down MACD and SQZMOM still trending but against diagonal resistance.
With resistance diagonal just over-head an entry long is not the best risk reward. Will be looking for a pull-back to enter long.
$RCL I have set MACD cross up as trigger for long – will assess at that point – weekly MACD just crossed up also FWIW.
Dec 18 – $RCL trading 125.09 with MACD on daily still trending down. Will wait for a proper trade set-up.
Nov 27 – $RCL Royal Caribbean Buy Sell Triggers on chart – Waiting for buy trigger and MACD SQZMOM and Stoch RSI to confirm.
Preferably enter long at white arrow *grey horizontal line) vs grey arrow. Price recently ran up to a sell trigger so now it is a matter waiting for price to test support at a buy trigger (or breaches a buy trigger for break out) for a long as long as MACD is turned up and the SQZMOM is trending up.
$JKS – Jinko Solar
Jan 30 – $JKS Solar Weekly chart – waiting for MACD to to cross up on the weekly for possible long trade. #swingtrading
Dec 18 – $JKS trading 24.37 with MACD about to turn up waiting for price over moving averages for swing trade.
Some of our traders did report taking that ounce off the 200 MA – I didn’t because at minimum I was looking for MACD to confirm or have price over the MA’s. On watch now.
$PCRX – PacIra Pharma
Jan 30 – $PCRX on daily chart trading 36.45 – waiting on MACD to cross up for long side trade assessment.
Dec 18 – $PCRX trading 43.85 ideal swing set-up with 200 MA bounce test and if MACD turns buy sell triggers at Fibs on chart.
Nov 27 – $PCRX with primary buy sell triggers and fibs with Stoch RSI at top and MACD SQZMOM trend up.
This one is post earnings and bullish above its 200 ma. Any of the Fibs work well as buy sell triggers but the most effective are marked with arrows. The indicators are good with the exception of Stoch RSI high. and ideal would be low and curling up. On watch for a break of 50.87 or retest of 200 MA and possible low.
Nov 3 – Trading 33.05 and it just may be a double bottom here. Watching for that for possible long and also an upside breach of 200 ma as alternative set up.
Sept 14 – Trading 37.75 under 200 MA. Watching for 200 MA test.
Aug 14 – Trading 36.40 post earnings with all indicators turned down but may be bottoming very soon. Watching the MACD at this point for a turn up.
July 26 – Trading 42.56 down 12% on the day and testing 200 MA. Watching.
July 21 – Trading 49.15. Earnings in 23 days testing 20 MA above 200 MA MACD and Stoch RSI trending down. Watching.
July 12 – Trading 49.70. Above 200 MA in the bowl Stoch RSI on daily turned down. Set alarm for Stoch RSI turn for assessing possible long.
June 26 – Trading 47.20. Same.
June 23 – $PCRX Indicators on daily good but on weekly mixed with price against 100 MA. Watching close for MACD cross up on weekly.
June 12 – $PCRX 43.75 Has 200 MA is moving through bowl process. MACD on daily about to curl up ans Stoch RSI on weekly about to cross up. If they do I will assess ma’s and likely long.
June 5 – Getting a small pop in premarket because they are presenting at a conference but indicators are still poor. Waiting.
May 30 – Trading 45.15. All indicators trending down. Watching.
May 22 – Trading 48.30 Chart indicators are indecisive. Will watch.
May 15 – $PCRX SQZMOM up MACD trending up, if price above 52.00 with indicators on side likely long with tight stop.
$EWZ – I Shares Brazil ETF
Jan 30 – $EWZ Brazil ETF weekly chart, ttrading 46.31, over 48.18 with indicators lined up is a long or on proper pull back. On watch for swing trade.
Dec 18 – $EWZ Brazil ETF trading 38.76 testing 200 MA and not likely a great risk reward here but I will watch.
$FEYE – Fire Eye Inc.
Jan 30 – $FEYE trading 15.10 above buy trigger at 14.75 – indecisive but clean chart and on 200 MA.
Real-time $FEYE chart link: https://www.tradingview.com/chart/FEYE/iNjl2yjy-FEYE-trading-15-10-above-buy-trigger-at-14-75-indecisive-but/
Dec 18 – $FEYE premarket trading 14.50 testing 200 MA underside over 14.76 it moves above Fib and enters gap play. On high watch.
Nov 27 – $FEYE watching for over 14.76 over 200 MA with MACD turn up for gap fill and beyond long. The upper extension sell trigger isn’t shown but is at 22.32.
Nov 3 – $FEYE Testing 200 MA post earnings. Could be an excellent set-up long. #swingtrading
$LAC – Lithium Americas
Jan 30 – $LAC Lithium Americas Daily chart with horizontal Fibs, diagonal Fibs, quads, moving averages for tighter trade. Over 8.00 long.
$IBB – BioTechnology Index Fund
Jan 30 – Key resistance test on $IBB Biotech Index Fund. Channel scenario targets up 142.00 or 162.00 down 83.00 or 103.00 #charting #stocks #swingtrading https://www.tradingview.com/chart/IBB/U8HEYQvC-Key-resistance-test-on-IBB-Biotech-Index-Fund-Channel-scenario/
Over 122.50 targets the upper trending channel targets and below 112.71 lower targets are in play. $IBB #swingtrading #pricetargets
$IBB real-time chart link with indicators https://www.tradingview.com/chart/IBB/1TKf04sH-IBB-weekly-chart-indicators-suggest-a-rest-and-go-MACD-Stoch/
$IBB weekly chart indicators suggest a rest and go (MACD, Stoch RSI, SQZMOM) – upper targets from previous chart most probable. #swingtrading
Dec 18 – $IBB premarket trading 106.93 above 200 MA with 110.73 in sight and other swing trade targets on chart. MACD trending up.
Nov 3 – $IBB trading 312.06 near its 200 ma. Waiting for bounce and MACD to turn for long.
$AGN – Allergan
Jan 30 – $AGN Weekly chart suggests more near term down before things get better.
Dec 18 – $AGN Trading 171.80 premarket indecisive with MACD up Stoch RSI high under MA’s.
Likely a decent bottom side trade with decent risk reward if you want to manage it through the moving averages.
Nov 3 – Trading 176.00 premarket under all MA’s on daily but MACD is crossing up. On watch here now.
Sept 14 – Trading 227.29 with indicators indecisive.
Aug 14 – Trading 232.38. with all indicators trending down and price under 20 50 100 MA”s with a possible bounce off top of 200 MA. Watching.
$CTSH – Cognizant Technology
Jan 30 – $CTSH trading 77.76 continues in uptrend on daily and weekly suggest more up trend trade. Watching for stoch RSI cross up to time a long. On high watch here.
Nov 3 – Trading 74.20 and just tested its 100 ma to downside and bounced. Watching for follow-through and MACD cross up.
Sept 14 – Trading 72.27 threatening yet another break-out. On high alert here.
Aug 14 – Trading 70.61 with all indicators trending down and likely test of MA’s on pull back here over 200 MA. Watching.
July 26 – Trading 70.01 all indicators bullish with ER in 8 days.
July 21 – Trading 69.96 MACD crossed and it got a pop. Waiting on earnings for this.
July 12 – Trading 67.70 MACD about to cross up – watching very close now.
June 29 – Trading 67.03 – same.
June 23 – Trading 67.12. Looking at long if 50 ma breaches 100 ma on weekly. Also watching the weekly Stoch RSI for a turn up.
June 12 – Trading 66.39. MACD trending down on daily. Waiting on it to cross up for signal to review other indicators for possible long.
June 5 – Trading 67.30. Closing position in 67.30 area from 61.78 entry. Out of both positions now (the other was on another report that was transferred over from a daytrade that became a swing trade).
May 30 – Trading 66.70 and stop set at 66.50 from 61.78 entry.
May 22 – $CTSH Swing Trade Going Well. Trading 65.42 from 61.78 entry. 20 MA may breach 100 MA on weekly and may add. MACD trending and SQZMOM trending on weekly also.
$NVO – Novo – Nordisk
Jan 30 – $NVO near previous all time highs and indicators suggest a pull back.
Nov 3 – Trading 49.48 Trending stock above all ma’s with MACD trending down. Waiting for the cross up on the MACD for re evaluation.
$TSLA – Tesla
Jan 30 – $TSLA Tesla trading 345.82 with weekly chart MACD turn up, SQZMOM trend up and Stoch RSI near top. Suggests a pop and rest then test most probable. #trading #TESLA
Real-time Tesla $TSLA chart analysis :
Tesla News: $TSLA Tesla Tests Money Managers’ Demand for $546 Million Bond Deal https://finance.yahoo.com/news/tesla-tests-money-managers-demand-180753134.html?.tsrc=rss
Nov 3 – Trading 300.00. Under all it’s ma’s and MACD trending down. Waiting for a MACD cross up and likely a long at that point.
Sept 14 – Trading 365.66. Threatening recent high and then on to highs if it gets it. On watch.
Aug 14 – Trading 357.87 post earnings MACD and SQZMOM trending up with Stoch RSI overbought. 20 MA about to cross up and breach 50 MA with price above. On high watch here.
$SNAP – SNAP (60 Min Chart vs. Daily because it is a new issue)
Jan 30 – Buy sell trading triggers on simple $SNAP chart model have worked well. #swingtrading #charting https://www.tradingview.com/chart/SNAP/qJ0gRCyt-Buy-sell-trading-triggers-on-simple-SNAP-chart-model-have-worke/
$SNAP swing trading plan: Long as it nears 12.27 for 14.63 Mar 12, 2018.
$VGZ – Vista Gold
Jan 30 – $VGZ chart structure is slowly building – on watch now – waiting for structure to form and then I will model it.
Sept 14 – Trading .78 with indicators trending down.
Aug 14 – Trading .79 with indicators post earnings slightly looking positive and price under all MA’s. Watching.
$AAU Almaden Minerals
Jan 30 – $AAU trading .87 is still on a sell signal on weekly chart.
$AMMJ – American Cannabis
Jan 30 – $AMMJ Ammerican Cannabis buy sell triggers at white arrows for your swing trade. Triggers and targets have been spot on. #swingtrading #cannabis https://www.tradingview.com/chart/AMMJ/T7F2Rgmg-AMMJ-Ammerican-Cannabis-buy-sell-triggers-at-white-arrows-for-y/
Email or DM me on Twitter anytime with thoughts or questions!
Article Topics; Compound Trading, Swing, Trading, Stock, Picks, $LTBR, $AAPL, $WMT, $AAPL, $IBB, $RCL, $JKS, $FEYE, $LACDF, $CTSH, $NVO, $SNAP, $TSLA, $AMMJ, $AAU, $VGZ, $AGN, $LAC, $EWZ, $PCRX, $AMD
Hello everyone! Reed here again. This post is a one week update of my first guest post, “Finding Setups.” Here is the link for those who missed it – https://compoundtrading.com/guest-post-1-finding-setups/
This update will cover my progress with the screening technique, as well as one week progress of the 12 equities covered in my last post and a couple of new charts I found this week.
It Really Works.
So, it’s been a week since I first used tradingview’s scanner to look for chart setups. The first part of this update is simple: It works. It really works. In fact, it has completely changed the way I study – and trade – in just a week. Instead of spending hours and hours looking for charts, I’ve been able to find new setups easily and spend more time studying them (marking natural resistance, setting up fibonacci retracements, setting strict entry points and targets). If anything I’ve had too many charts and not enough time!
So far the only parameter I have adjusted is volume. Instead of looking for average volume > 200K, I’ve been looking for average volume > 500K. This has eliminated all the low liquidity stocks from my screens and further simplified the screening process for me. There are tons of other parameters I plan to play with, but for now I’m just keeping it simple.
After one week, 7 of the 12 equities covered in my first post are green. $WEAT (a.k.a. Curt’s Old Man Play) is leading the pack, up 15.89% since last Monday. $NNVC is the biggest loser at -7.80%, but it’s testing the 200 and I’d be surprised to see it down for much longer. Below are my notes on those 12 charts as well as a few new charts to watch. Note: The price under the company name is the price on the date of the most recent update, percentage is percent change since my first post.
$SMSI—Smith Micro Software Inc.
July 3—Trading 1.49. Retesting the 200 but has held it for 3 days now. 50 MA just breached the 100 and the 20 is curling up toward the 200. Stoch RSI trending down but starting to curl, MACD still up and SQZMOM still bright green. Pretty low volume the last few days but watching for volume to pick up as the 20 approaches the 200.
June 27—Decent chart, lots of history, respects its 200. Pretty low liquidity but volume up recently. Trading 1.62. Price just breached 200 MA on the daily, 20 MA came through the 100 MA providing lift. MACD trending up, stoch RSI near the top, SQZMOM bright green trending up. Trading between the MA’s on the weekly – price just got over the 20 MA and tested the 50 MA. 100 and 200 MA’s in order above. Stoch RSI near top but trending up, MACD crossed up with tons of room, SQZMOM dark red about to turn green. Past earnings.
July 3—Trading 4.41. Lost the 200 MA. Will probably pull back to the 20 MA then try for the 200 again. Note: Discontinuing blog coverage of $NG after this week because it trades off of gold more than its MA’s.
June 27—Decent chart, lots of history but doesn’t always respect its 200. High liquidity. Trading 4.81. Not the best setup but just got over the 200 on the daily and the 20 just crossed the 50. Stoch RSI near the top, MACD crossed up with plenty of room and SQZMOM just turned bright green. On the weekly, 50 and 100 MA’s acting as resistance but stoch RSI straight up, MACD just crossed up and SQZMOM just turned dark red, trending up. Watching to see if this one holds the 200 MA.
$PFSW—PFS Web, Inc.
July 3—Trading 8.35. Low volume but 20 about to cross the 200 and stoch RSI has turned up. MACD up and SQMZOM bright green. Looking for some volume on this one.
June 27—Good chart with history. Decent liquidity. Respects its 200 MA. Trading 7.95, just over the 200 today. 20 and 50 MA both breached the 100 and are just below the 200. May ride the 20 MA up over the 200 once it crosses. Stoch RSI, MACD and SQZMOM all trending up. Watching for the 20 MA to cross the 200. Natural resistance and the 100/200 MA’s on the weekly at 10.16 area. Could see up to 16.00 area if it gets through that.
July 3—Trading 1.58. 50 crossed the 200 but not much movement with holiday low volume. Stoch RSI has turned up, SQZMOM still good but MACD looks like it could cross down. Just held the 200 on the weekly chart and the 20 is turning up toward the 50 as well. Huge upside in this chart with the daily and weekly setting up simultaneously. Ran fibs on it and it trades the model almost perfectly. Safe entry is over strong resistance at 1.70 with volume. Targets on the model at 2.00 and 3.26 both on August 17th, so we’ll see how it handles that decision.
June 27—Interesting chart. Not a ton of history but lots of symmetry and respects the 200. Good liquidity. Currently trading 1.54. Rode the 20 MA over the 200 and the 50 is approaching the 200. Stoch RSI at the top, MACD trending up but near the top and SQZMOM bright green. On the weekly it just broke through the 200 MA with the 100, 50 and 20 in line below. Indicators the same as daily but MACD has more room. Natural resistance at 1.88 area. Watching for 50 MA breach of 200 MA on the daily chart/over 1.88. Could see 3.00-3.50 range.
July 3—Generally low volume but the setup is there. 20 came through the 200 today and price reacted well. Stoch RSI near top, MACD up and SQZMOM bright green. Looking for some volume before an entry.
June 27—Not the best chart. Decent liquidity and the tendency to gap (up and down) but respects the 200 and generally reacts well to price breaching the 200. Trading 7.21. This one got through the 200, came back and tested twice before losing the 200 and now regaining it. MA’s in line below the 200 with the 20 about to breach the 100. Stoch RSI near the top, MACD crossed up with plenty of room and SQZMOM bright green. Completed bowl could see it up around 15.00 if it plays out.
$WETF—Wisdomtree Investments, Inc.
July 3—Got some lift today from the 20 crossing up the 200. Stoch RSI turned down, MACD neutral but SQZMOM bright green. Looking for that MACD to come alive before I make an entry.
June 30—Came off a bit, trading 10.17. May come back to test the 200 before getting a pop but the 20 is coming through the 200 and could provide some lift. Stoch RSI trending up, MACD neutral and SQZMOM bright green but barely. Watching that 200 test closely.
June 27—Good chart with history, high liquidity. Trading 10.33. Just got over 200 MA on the daily, 50 just breached the 100 and the 20 is testing the 200. Has used the 20 MA as support on its way over the 200. Stoch RSI trending up, MACD neutral and SQZMOM just turned bright green. Resistance from the weekly 100 MA above at 12.28 and 200 MA at 13.85. Completed bowl would take it to the mid-20’s. Watching.
$THC—Tenet Healthcare Corp.
July 3—Trading 19.22. 20 through the 200 now but looks to be coming back to test the 200. Watching for the bounce after 200 test. Key resistance at 20.46, would look to enter over that with the 50 crossing the 100 and 200.
June 27—Decent chart with history, tons of liquidity and respects the 200. Trading 19.09 just over the 200 MA. 20 MA is crossing the 100 MA and the 200 is swooping down pretty steep from overhead. Stoch RSI trending up, MACD neutral and SQZMOM bright green. Resistance above at 19.55, 25.91 and 37.33 in the form of the weekly 50, 100 and 200 MA’s. I’d like to see the 20 MA breach the 200 on the daily with price above resistance at 19.55. Completed bowl could see anywhere from 30.00-60.00.
$WEAT—Teucrium Wheat Fund
July 3—Trading 8.24. Wishing I had gone long on this one the second I saw it. Perfect setup testing the 200 right as the 20 crossed then BOOM straight to the apex of the model. Stoch RSI and MACD almost completely vertical. Wow can’t believe I missed that one.
June 27—Not a ton of history here but generally respects the 200 MA and recently breached before coming back to test. 20 MA sitting just under the 100 and 200 MA’s. Stoch RSI trending down, MACD just crossed down and SQZMOM dark green. Watching for stoch RSI to turn up at the bottom, the 20 to breach the 100 and 200 and the MACD to cross up. Unsure about this one due to lack of history/volume. Good upside but a generally slow mover.
July 3—Trading 1.30. Looking like it will test the 200 MA. Stoch RSI coming down, MACD crossed down but SQZMOM still bright green. Hitting resistance on the down channel trend line – needs to push soon or it could end up in that 1.06 target on July 10. Upper target is around 2.20 on the same day. When this one goes, it goes. Watching closely.
June 27—Pretty good chart with history, but low liquidity. Respects its 200 MA and has gotten enormous lift when this setup has played out in the past. Trading 1.41, just above the 200 MA, riding the 20 MA for support. 50 MA is close to breaching the 200 MA. Stoch RSI is at the top, MACD is crossed up with room and SQZMOM just turned bright green. Jumped 130% last time this setup played out.
July 3—Trading 7.24. Still holding this one, it has failed between the fib resistances at 7.29 and 7.36 multiple times over the last few days. Looking for the 50 MA cross over the 200 to help push it through that level. Stoch RSI coming off the top but MACD still up and SQZMOM green. Critical level is that 7.36 fib, over that and it’ll see 8.00 imo.
July 1—Trading 7.12. I’m long on this one from 7.15 on Wednesday morning. Having a lot of trouble with the 0.236 fib level at 7.29 and came off to support at 7.12. Trading the model well though and 50 MA is crossing the 100 and should get the 200 soon. Stoch RSI coming off the top a little bit but MACD and SQZMOM still way up. Giving it some room. Will continue to move stop up along that diagonal trend line. Stop set at 6.78 for now. Target: 8.00.
June 27—Not much history but lots of liquidity and so far seems to respect it’s 200 MA. Trading 6.89 (+1.39 since breaching the 200 last week). 20 MA crossed up the 200 MA almost vertically and the 50 MA is starting to curl up toward the 100. Stoch RSI flat on top, MACD trending up fast and SQZMOM bright green but near the top. Trump solar wall play I believe. Really bullish chart, target at 8.00 by early August.
July 3—Trading 10.52. Got some lift from the 50 touching the 200, could be the start of a significant move. Stoch RSI turning up, MACD still neutral and SQZMOM starting to perk up bright green. Watching the MACD on this one for a possible entry point.
June 27—Pretty decent chart, respects its 200 MA, decent liquidity. Same play, trading 10.18 just over the 200 MA. 20 MA just breached with the 50 just below. Gap-fill potential as well. Stoch RSI trending up, MACD neutral and SQZMOM just turned bright green. Resistance above at 10.33, 11.18 and 16.12 from the weekly 50, 100 and 200 MA’s. Have to watch the weekly chart as you play this one. Side note: was trading over $70 pre-2008 and just announced pricing of $377 million mortgage backed CLO’s…Watching this one.
$IQI—Invesco Quality Municipal Income Trust
July 1—Trading 12.74. Removing $IQI from this list because I am unfamiliar with the way trusts trade.
June 27—Healthy looking chart, hugs its MA’s but no idea on liquidity. Looks to be traded mostly by computers. Trading 12.83, rode its 20 MA up through the 200 as it comes down on a pretty steep slope. The 50 should cross soon and the 100 after that. Stoch RSI and MACD neutral, SQZMOM dark green. Over the 200 on the weekly chart as well but hitting resistance at the 100. Stoch RSI at the top, MACD trending up and SQZMOM bright green on the weekly. Slow mover, not a ton of upside in this one.
A Few New Charts to Watch.
$ARNA—Arena Pharmaceuticals Inc.
$HIVE—Aerohive Networks Inc.
The A+++ charts are out there. You just have to find a method of $STUDY that works best for you. With the help of Curt’s lessons and this screener, I’m finally starting to turn a corner with my trading and get on the road to freedom!
Thanks again to Curt for allowing me to share and to everyone for reading! Feel free to contact me on twitter @reedshermanator if you have any questions/comments concerns.
Happy Independence Day to those of you in the U.S. and happy Canada Day to our friends up north!
Monday April 24, 2017 EPIC the Oil Algo Oil Report (Member Edition). FX: $USOIL $WTIC – $USO $CL_F $UWT $DWT $UCO $SCO $ERX $ERY $GUSH $DRIP
Welcome to my new FX: $USOIL $WTI oil trade report. My name is EPIC the Oil Algo and I am one of six Algorithmic Charting services in development at Compound Trading.
MULTI-USERS: Institutional / commercial platform now available.
PATENT PHASE: I am now in patent application phase. Stay tuned for agreements concerning disclosure and use coming to members.
24 HOUR TRADE ROOM: My charting transitions from FX $USOIL $WTI to 24hr crude oil futures in 2017 and will have 24 hr crude oil trade room.
SOFTWARE: My algorithmic charting is going to developer coding phase early 2017 for our trader’s dashboard program. Please review my algorithm development process and about my oil algorithm story on our website www.compoundtrading.com and my oil algo charting posts on my Twitter feed and this blog.
HOW MY ALGORITHM WORKS: I am an algorithm in development. My math is based on traditional indicators (up to fifty at any given time each weighted on win ratio merit – all not shown on chart at any given time) – such as simple math calculations relating to price and volume, Fibonacci, simple pivots, moving averages, Gann, Schiff and various other charting, geometric and mathematical factors. I do not yet have AI or Geo Political integration – only math as it relates to traditional indicators with the primary goal being probabilities. I am not a high frequency or bot type algorithm – I am represented on and used on a traditional trading chart as one would normally use as a probability indicator. The goal is to provide our trader’s with an edge when triggering entries and exits on trades with instruments that rely on the price of crude oil (specifically FX: $USOIL $WTI and transitioning to futures in our new 24 hour oil trading room).
Below you will find my simplified view of levels that can be used on a traditional chart (both intra-day and as a swing trader or investor). This work, and subsequent trading, should be considered one decision at a time, “if this happens then this or this are my targets”… price – trigger – trade and so on. Questions to; email@example.com, message our lead trader on Twitter, or message a lead trader privately in the trade room.
Visit this link for more information about my oil algorithm development, this link explains how our algorithmic charting is done, this YouTube video explains in summary how my algorithm works https://www.youtube.com/watch?v=LUNyxFoXJp8 this link for more information about our algorithmic stock charting models and what makes them different than most.
EVERY CALL WE MAKE, EVERY PUBLIC INTERACTION, REPRESENTATION OF TRADE (ON EVERY VENUE) IS VIDEO RECORDED (TRADING ROOM), ON SOCIAL MEDIA OR ON BLOG / WEBSITE TIME-STAMPED FOR PERMANENT RECORD AND ABSOLUTE TRANSPARENCY. PLEASE ALSO REFER TO OUR PUBLIC DISCLOSURE https://compoundtrading.com/disclosure-disclaimer/.
FX: $USOIL $WTI Observations:
Below is the link for the live EPIC the Oil Algo Live Trading Chart for Sunday April 23, 2017:
Crude algo intra work sheet 101 AM Apr 24 FX $USOIL $WTIC #OIL $CL_F $USO $UCO $SCO $UWT $DWT #OOTT
Upper Resistance 51.00. Crude algo intra work sheet 105 AM Apr 24 FX $USOIL $WTIC #OIL $CL_F $USO $UCO $SCO $UWT $DWT #OOTT
Lower support 47.61. Crude algo intra work sheet 112 AM Apr 24 FX $USOIL $WTIC #OIL $CL_F $USO $UCO $SCO $UWT $DWT #OOTT
Intra-day Crude Oil Trading Range: At time of writing FX $USOIL $WTI is trading at 50.73 at 3:26 AM EST Apr 24, 2017. Some thoughts with respect to traditional charting that may help advance the trading edge:
At time of post oil FX $USOIL $WTI is trading at 49.84.
The upper range resistance and downdraft per my post warnings the last number of weeks has now played out.
Below are the new algorithmic chart modeling calculated trading range signals. Please keep in mind that the downdraft in oil trade was significant so the calculations are interim and intraday and are likely to be modified over the next few days. In other words, take trades one decision at a time.
First most important signal is that trade is now confirmed to be trading in a new lower broad quadrant. This quadrant contains a range of trade in FX $USOIL $WTI between 47.61 as support and 51.00 as resistance. As I have explained in previous reports, this broad range support and resistance areas are zone areas, in other words they are not hard targets – consider them soft (or areas of support and resistance). They are represented on the chart as thick grey lines (horizontal) marked with grey arrows and are in the charts below. You can be most confident trading short at resistance (once confirmed) and secondary moderately confident entering long at the support area. But remember, trade often over-shoots support and resistance for a brief time (this has been observed in my reporting and oil trade consistently).
The next most important area of support and resistance are the diagonal dotted grey lines. The thicker the line the more important it is. A new downtrend channel is being established and is represented by thicker dotted diagonal lines that are marked with grey arrows. The other diagonal dotted grey lines are important for intraday support and resistance also, but not so much. If trade breaches the downward channel outlined you can consider the channel broken and would be updated. There are two solid white diagonal line arrows that represent / show the width of the new channel (at this point).
You will of course find standard horizontal support and resistance represented as different colored lines (purple and yellow being conventional charting support and resistance) and the others representing Fibonacci levels.
The algo targets (red circles) are very preliminary in this new range and should not be traded against – only observed as reference.
Our traders will be trading the upper resistance areas short (at channel and at horizontal resistance grey thick line). They will also trade the support of the channel long very cautiously and the support of thick grey line at 47.61 with moderate caution because their bias is short. When the take a trade long or short off resistance or support they will use the Fib lines as intra-day test areas for resistance and support.
If you are a new member it is highly recommended that you spend some time reviewing the history of this work and how you can use it most to your advantage.
Multi Week Trading Range for Swing Trading:
Note: Be careful with the prices you see in the purple boxes on the right of the chart – they do not line up on chart for price action (they are for indicators).
Trade the ranges noted above.
Diagonal Trend Lines:
Diagonal trend-lines (blue). Diagonal trend-lines are critical inflection points. Please review many of my recent posts so you can learn about how important these diagonal trend-lines are. If one is breached you can look to pull-back to next diagonal blue trend line about 90% of the time. Also pay attention to how thick the lines are – the thicker the line the more important because they represent extensions from previous time / price cycles.
Remember you can come in to the chat room to message the trader and REMEMBER I have posted a live chart link earlier in this post so if you can’t see the lines well on this chart above you can go to the live chart link and watch for member live algo chart links through-out the day in your email inbox!
The diagonal trend-lines are marked on main chart above.
Conventional Charting Observations:
Oil got a bit of a bounce off its 200 MA – but you want to watch the supports at the two other white arrows – VERY IMPORTANT. Especially if they coincide with algorithmic model charting.
Simple lines. Channels. Support and resistance. 200 MA bounce. Crude algo intra work sheet 144 AM Apr 24 FX $USOIL $WTIC #OIL $CL_F $USO $UCO $SCO $UWT $DWT #OOTT
Per recent reports:
There are a cluster of resistance points in oil overhead and the charts below show this best:
Simple lines show expose clusters of resistance. Crude algo intra work sheet 201 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Notice how when the daily chart is opened, the simple lines extend to current day trade.
Daily chart view. Simple lines show expose clusters of resistance. Crude algo intra work sheet 213 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Daily chart view magnified. Simple lines show expose clusters of resistance. Crude algo intra work sheet 217 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Possible downtrending channel due to trendlines extending from previous time cycles. Crude algo intra work sheet 226 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
If this occurs, the white arrow shows top of downtrending channel forming and lower white arrow show possible support to channel (but not as strong as the others because it is from current time cycle unlike the others) and if price loses lower white arrow the channel downward could continue. Pink arrow shows the end of the pinch should price trade between the two white arrows to end of wedge.
Careful 50 MA pinch on 100 MA. SQZMOM up as is MACD but Stock RSI at top. Crude algo intra work sheet 233 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Careful with that 50 MA crosses the 100 MA – you want those opposite to be bullish. Careful price stays above them also. Price above 200 MA. Stoch RSI at top so it would make sense for it to come off soon.
Watch the lines for support and resistance. Careful using them as traditional retracement levels with crude because the algo lines etc are more dominant / predictable. But the Fib lines are excellent indicators for intra-day trade support and resistance.
The Fibonacci lines are marked on main chart above.
Horizontal Trend-Lines (purple):
Horizontal trend-lines are not as important as the other indicators reviewed above, however, they do serve as important resistance and support intra-day for tight trading and they are important if thick (in other words they come from previous time / price cycles). WE STARTED TO REPRESENT THE REALLY IMPORTANT LINES IN YELLOW FYI FOR EASE. Refer to chart for current applicable horizontal trend-lines.
Horizontal trend-lines are marked on charts above.
Oil Time / Price Cycles:
Watch your email and / or my Twitter feed for time price cycles they may start to terminate.
Time / price cycles are the single most important indicator and my record calling them is near 100% – since inception seven months ago. The reason they are so important is that a trader does not want to be holding a crude oil instrument at termination of a time cycle if not absolutely sure if price will go up or down. A trade may choose to enter a large position in advance of a time price cycle termination IF THERE IS A HIGH PROBABILITY OF A DIRECTION IN PRICE and if the market is trading at a really important pivot area. In other words, if the market is trading at the bottom of the upward trending channel at a support (yellow lines) and we knew there was a significant probability of a time cycle about to terminate a trader may enter with a long position. The price really spikes or drops significantly when these important time cycles terminate.
The problem with time / price cycle terminations is they change from minute to minute (depending on where price is on the chart) so you have to be in the trade room to get the alert. Our lead traders will do everything they can in future to send these on SMS but we have to be careful because it can be difficult with so much going on in the room. The reason they (time cycles) change is because they are actually represented by or are geometric shapes in the chart – I know it sounds odd but I have (as I mentioned) hit these calls just shy of 100%. The oil political people know the same algorithmic modeling principles and they ALWAYS TIME THEIR BIG ANNOUNCEMENTS AROUND THE TIME PRICE CYCLE TERMINATIONS.
So if you can picture a triangle on the chart – and price is trading in the triangle – and price is going to come to the edge of the triangle and there is a significant support or resistance or an algo line terminating there too or a target (those type of indications)… then we know there is a high probability of a time and price change. In other words, it is where there are clusters of algorithm points that cross and when price is going to cross over that cluster is where they are. And these are represented on all the different time frames – the larger the time frame – the larger the time price cycle termination – the larger the spike or downdraft. This is where we establish our intra-day quadrants from for sniping trades (which we will put in to the room soon because it looks like the geo political rhetoric is over for a while making them more predictable). Difficult to explain in short. So we will do our best to SMS alert these in future.
Also, the real large or important time / price cycle terminations we know far in advance and they can be put in these newsletters.
If you review my Epic the Oil Algo Twitter feed, my blog posts and my story on our website you will get a feel for how accurate these calls are.
Alpha Algo Trading Trend-Lines (Primary – Red dotted lines. Secondary – White dotted lines):
To determine which algo line is most alpha (or probable) intra day, it is the nearest line to price action. This can also help you determine the trend of trade. If the algo line is trending up the price will follow it up until price is tested at an algorithm indicator (the main tests are diagonal trendlines, horizontal trendlines, time / price cycles etc – as I have shared with you). This is why it is important to watch all the lines because they are all support and resistance. To keep it simple trade the range (yellow lines) as I’ve mentioned but keep an eye on these indicators.
Current Alpha Algo Targets (Red circles):
Your closest target that crude is trending toward is always the most probable. Crude is currently trending toward a target (red circles on chart) Then, your second most probable is the one that is up or down trend depending on whether general price is in an upward or downtrend for the most recent week or so and what your other indicators look like (such as the MA’s I explained above).
The other way to determine which targets are in play is actually quite simple, you will notice that crude trades between the channel lines up and down and up and down and there are various support and resistance along the way. If it hits a target at the top of the channel you can bet most times (unless the next day like today) that the next target hit will be at the bottom of the channel.
Wait for the price to trend toward a target and take your position and watch as price gets closer and closer to the target. Remember, that the machines trade from decision to decision – or in other words from support to next resistance or resistance to next support or when the times come each week on Tuesday Wednesday and Friday they will trend toward the target that market price action determines they go to.
Our lead trader will explain more in the room and do not hesitate to ask our lead trader in the room by private message or on twitter to explain intra day decisions.
Oil Intra-Day Algo Trading Quadrants (white dotted lines):
Intra-day trading quadrants are available on all time – cycles and all of them are not detailed on this charting. The charting above represents the 30 minute trading quadrants. If you require tighter time-frames please email us and we will update charting for the time cycle you are looking for.
Trading quadrants are simply support and resistance lines that can assist your intra-day trading – they are not alpha or primary support and resistance by any measure. Price action does however typically move more assertively when leaving a trading quadrant.
As explained above, my algorithm is a consideration of up to fifty traditional indicators at any one time – each one given its own weight in accordance to its accuracy (win rate). This is how we establish the probability of specific targets hitting (we call them alpha algo targets).
Alpha Algo Targets, Algo Trend-lines, Algo Timing, Quadrants for Intra Snipes:
Algo targets are the red circles – they correspond with important times each week in oil reporting land. Tuesday 4:30 PM, Wednesday 10:30 AM and Friday at 1:00 PM. The red dotted diagonal lines are the algo trend-lines. And the vertical dotted (red or green) are marking the important times each week. You will find that the price of crude will hit one of the alpha algo targets about 90% of the time. In the absence of market direction the machines take price to the next algo line and/or target. Understanding how the price of crude reacts to the algos and how they move price from target to target is critical for intra-day and swing trading crude oil and associated instruments.
You will notice that price action of crude will use these algo trend-lines and act as support and resistance, and that price also often violently moves when an alpha algo line is breached either upward or downward.
We cover this in much more detail in the member updates, trading room. A review of my Twitter feed and previous blog posts will help you understand the relation of these indicators. We will start posting video blogs (for my subscribers) on YouTube (in addition to my daily blog posts) for swing traders that work during regular trading hours.
Also… we will cover how to establish algo trend-lines and price targets future forward (as you have seen me do on my Twitter feed for some time now).
See you in the live trade room! And again, if you struggle to know how to use these indicators as a trader’s edge, it is recommended (if you have earnestly reviewed all of our documentation first) that you obtain private coaching prior to trading a real account with real money – we recommend you use a paper trading account at first.
You can also send specific questions to our email inbox at firstname.lastname@example.org – if you do this be sure to ask a specific question so it can be answered specifically. When the 24 hour oil trading room opens you will have ample opportunity in that 24 hour room to ask questions also.
Watch my EPIC the Oil Algo Twitter feed for intra day notices and your email in box for member only material intra day also.
EPIC the Oil Algo
PS If you are not yet reviewing the daily post market trading results blog posts, please do so, they are on the blog daily and often there is information that also may assist your trading. Trade room transcripts (for example) may review topics pertinent to your trading.
Article topics: EPIC, Oil, Algo, Crude Oil FX: $USOIL $WTI, $USO, $UCO, $CL_F, $UWT, $DWT, $ERX, $ERY, $GUSH, $DRIP, Chart, Algorithm, Indicators, Fibonacci