S&P 500 $SPY Trade Update Monday April 24, 2017 $ES_F ($SPXL, $SPXS) Algorithmic Charting Observations

Good morning! My name is Freedom the $SPY Algo. Welcome to my new S&P trade report for Compound Trading.

$SPY is still trading within the range of its previous highs (which we alerted prior) and its low extension predicted.

However, it is very important to note that our traders are very biased to the upside and the recent resistance area we alerted members long before resistance occurred (at previous highs) could very well be tested or even breached.

Live $SPY Chart representing current extensions:

https://www.tradingview.com/chart/SPY/1upvarDe-S-P-500-SPY-Symmetry-price-target-extensions-trade-quadrants/

https://www.tradingview.com/chart/2e2dd5d8/

S&P 500 $SPY Symmetry price target extensions, trade quadrants, Fibonacci. Trade Charting Mon April 24 257 AM $ES_F $SPXL, $SPXS

$SPY, Chart, Freedom Algo

S&P 500 $SPY Symmetry price target extensions, trade quadrants, Fibonacci. Trade Charting Mon April 24 257 AM $ES_F $SPXL, $SPXS

Notes with respect to $SPY Price Extensions and Targets

Recent Trade – $SPY price action has been hitting our upside price extension targets for months now. The chart above includes the price extension targets for upward and downward trade.

Trading just the price targets we have provided on the upside and downside has proven a very profitable signal.

Also of importance, in addition to trading the price extensions, our traders have found the Fib resistance and support on the chart and the algorithmic quadrants excellent signals intra-day for support and resistance.

Fibonacci – The Fibonacci levels have been predictable so we are leaving them as they are.

Trading Quadrants – The trading quadrants have become predictable – we are leaving them as they are.

Symmetry Extension Targets – The extension price targets we have published the last number of months now have hit the price targets to upside and downside near perfect so they are becoming very predictable! Trade the outside ranges for optimum return and predictability.

Most probable downside price target if trade is in a downtrend is in 229.24 area before a decision.

Most probable upside price target if trade is in an uptrend is in 237.24 – 237.50 area before a decision.

Time / Price Cycles – There are currently no significant cycles in the charting.

Trading Bias – Although the warning below is still in place, our traders do have considerable high expectations that previous highs will be tested and / or taken out soon. Unless of course a geo political situation arises to derail the market.

Warning per recent reports;

This is a considerable warning because price has not traded above previous high since we alerted members to this divergence in the algorithm: Current bias is to the upside target, however, there is a divergence in the upward trade extension makes the target a double topped target, which is divergent from recent trade, which does cause us to pause.

Good luck with your trades and look forward to seeing you in the room!

Freedom the $SPY Algo

Article Topics: Freedom, $SPY, Algo, Fibonacci, Stocks, Wallstreet, Trading, Chatroom, Algorithms, $SPY, $ES_F, $SPXL, $SPXS


Good Morning Swing Traders and Welcome to the Compound Trading Weekly Swing Trading updates (1 of 3 this week) for the Week of April 16, 2017!  $TSLA, $SNAP, $VGX, $AAU, $AMMJ …  

Email us at [email protected] 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.

Notices:

Good morning!

This report (1 of 3) focuses on the more recent stocks we have added to our swing trading set-up coverage. They include; $TSLA, $SNAP, $VGX, $AAU, $AMMJ.

Also, in case you didn’t catch it, we will be stepping up the rotation cycle with more frequent updates going forward, we are going to categorize our coverage because we are following many more than we expected when we first started the service, and our swing trading alert service will launch soon for real-time alerts (it’s about 45 days out).

Here you will also find recent swing trading updates:

And also here you will find the other most recent swing trading stock coverage:

Our Q1 2017 Swing Trading Results are available here:

$TSLA – Tesla

We decided to start covering Tesla because we feel it is out of the woods so to speak. There are many factors, but the bottom line is we are ready to trade this long term. It is revved right now, but it won’t be for long and we expect an entry sooner than later based on the simple charting below.

April 21 – Trading 302.80. Stoch RSI is at bottom likely to curl up, MACD at top crossed down, squeeze momentum indicator green but turning down, holding 8 ema. Waiting for indicators to line up.

April 13, 2017 – $TSLA Daily – Waiting on Stoch RSI to bottom, MACD down and turn up with MA’s on right side for a long position.

Live Tesla Chart https://www.tradingview.com/chart/TSLA/YlcqJMzy-TSLA-Daily-Waiting-on-Stoch-RSI-to-bottom-MACD-down-and-turn/

$TSLA, Chart, Swing, Trading

$TSLA Daily – Waiting on Stoch RSI to bottom, MACD down and turn up with MA’s on right side.

$SNAP – SNAP

April 21 – $SNAP responding to cross-overs on hourly 20 50 100 & 20 thru 200 MA? Stoch RSI revved need at bottom preferrably to trigger long. #trading

MOST IMPORTANT PART IS THE 200 MA swooping down. That’s bulliish!

Live chart $SNAP : https://www.tradingview.com/x/MLMZNGXi/

$SNAP, Chart, Trading

$SNAP responding to cross-overs on hourly 20 50 100 & 20 thru 200 MA? Stoch RSI revved need at bottom preferrably to trigger long. #trading

April 13, 2017 – We decided to add $SNAP to our coverage because some of our clients have asked us to cover it, plain and simple. So the challenge is that it does not have the history we like, so we have charted it on hourly for now. This is considered a high risk trade.

Live $SNAP chart – https://www.tradingview.com/chart/SNAP/lLVhJfMz-SNAP-Hourly-Waiting-on-20-MA-to-cross-up-through-50-MA-and-pr/

$SNAP Hourly – Waiting on 20 MA to cross up through 50 MA and price to be above for a long entry.

$SNAP, Chart

$SNAP Hourly – Waiting on 20 MA to cross up through 50 MA and price to be above for a long entry.

$VGZ – Vista Gold

April 21 – Indicators are still a mess. Watching.

April 13, 2017 – $VGZ – Has its 200 MA, waiting on 50 MA to cross up thru 200 MA and if price is over then long.

https://www.tradingview.com/chart/VGZ/LoGaMAoT-VGZ-Has-its-200-MA-waiting-on-50-MA-to-cross-up-thru-200-MA/

$VGZ, Chart, Swing, Trade

$VGZ – Has its 200 MA, waiting on 50 MA to cross up thru 200 MA and if price is over then long.

$AAU Almaden Minerals

April 21 – Learning traders. Master this trade set-up. Change your life. #freedomtraders 

Reviewing these trading set-ups in room all week at lunch. Here’s some raw footage. #trading #setups #freedomtraders https://www.youtube.com/watch?v=2_0PfnNiU-A&t=2704s

#AAU Example of when 20 MA gets upside of 200 MA with price above. KAPOW! Waiting for Stoch RSI to return to bottom and curl up.

$AAU, Swing, Trading, Setup

#AAU Example of when 20 MA gets upside of 200 MA with price above. KAPOW! Waiting for Stoch RSI to return to bottom and curl up.

April 13, 2017 $AAU Has its 200 MA waiting on 20 MA to cross up thru 200 MA and take long when Stoch RSI at bottom and MACD turned up.

$AAU,, Chart

$AAU Has its 200 MA waiting on 20 MA to cross up thru 200 MA and take long when Stoch RSI at bottom and MACD turned up.

$AMMJ – American Cannabis

April 21 – Watching.

$AMMJ Has its 200 MA, waiting for Stoch RSI to hit bottom and turn up, MACD to turn up, and price over 20 MA and 50 MA with 20 MA up through 50 MA for long.

Live chart: https://www.tradingview.com/chart/AMMJ/BosVywGG-AMMJ-Has-its-200-MA-waiting-for-Stoch-RSI-to-hit-bottom-and-tu/

$AMMJ, Chart, Trading

$AMMJ Has its 200 MA, waiting for Stoch RSI to hit bottom and turn up, MACD to turn up, and price over 20 MA and 50 MA with 20 MA up through 50 MA for long.

Email or DM me on Twitter anytime with thoughts or questions!

Cheers!

Curtis

Article Topics; Compound Trading, Swing, Trading, Stock, Picks, $TSLA, $SNAP, $VGX, $AAU, $AMMJ


Good Morning Swing Traders and Welcome to the Compound Trading Weekly Swing Trading for Week of April 16, 2017. $XRT, $VFC, $CALA, $CELG, $GOOGL, $AMZN, $JUNO, $OAK, $BOFI, $TRCH ….

Email us at [email protected] 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.

Notices:

Good morning!

This report updates buy, sell, holds for the stock picks on this list. The third list will be update in tonight’s session.

There are no new picks – we are letting this market settle some. The oil downdraft was intense Wednesday. So we are assessing like everyone else. But there are some on HIGH ALERT below nonetheless.

Also, we are stepping up the rotation cycle with more frequent updates going forward and we are going to categorize our trades because we are covering many more stocks than we expected when we first started the service. And shortly thereafter our swing trading alert service will launch – currently we update by newsletter only and not by alert (the alert service addition is about 45 days out).

You will find our most recent swing trading newsletter update here:

You will find our other most recent swing trading newsletter update here:

Our Q1 2017 Swing Trading Results are available here:

Most recent Simple Swing Trading Simple Charts are found here:

$CELG

April 20 – Trading 123.01. Testing 50 MA. Watching for MACD, Stoch RSI and SQZMOM to turn up. High watch now.

April 11 – Trading 125.92. MACD pinch and SQZMOM about to turn green – continue on high watch!

Mar 27 – Indicators have now started to cool and waiting for bottom turn. On high watch!

Mar 19 – status remains same as Mar 12.

Mar 12, 2017 – The Stoch RSI hasn’t cooled, in fact it has heated since last report. Also below is the MACD, it’s near pinching so it may be best to take a short position soon and flip to long when MACD turns to buy signal.

$CELG MACD Swing Trade Chart: https://www.tradingview.com/chart/CELG/KS53j1IE-CELG-MACD-almost-on-sell-Short-at-cross-and-long-at-turn-up/

$CELG, Swing Trading, MACD

$CELG MACD almost on sell signal, wait for cross and short or let it play out and wait for buy signal for long.

Mar 7, 2017 – Looking for Stoch RSI to cool to bottom range for swing trade.

$CELG Live Trading Chart: https://www.tradingview.com/chart/CELG/u99gKSpz-CELG-looking-for-Stoch-RSI-to-cool-to-bottom-for-swing-trade/

$CELG, Swing, Trade

$CELG swing looking for Stoch RSI to cool to bottom range for swing trade.

$LITE

April 30 – Trading 42.61. Testing 100 MA support. Waiting for MACD, SQZMOM, Stoch RSI to turn.

Mar 30 – Closed 700 shares 54.48 as indicators turned negative. Watching now for indicators to turn again for long.

Mar 27 – Mar 22 Entered long position at 50.11 of 700 shares trading 53.65 in premarket, watching test of previous high.

Mar 19 – MACD is pinching and threatening to turn up now! On High watch!

Mar 12, 2017 – 20 MA did not hold and MACD on a sell. Wait for MACD to signal buy and review then.

$LITE MACD Chart https://www.tradingview.com/chart/LITE/6mOiMa4Z-20-MA-did-not-hold-MACD-on-sell-Wait-for-MACD-to-signal-buy/

$LITE, Swing Trade, MACD

20 MA did not hold and MACD on a sell. Wait for MACD to signal buy and review then.

Mar 7, 2017 – $LITE I’m looking for 20 MA to hold for entry long swing trade.

$LITE Live Swing Trading Chart : https://www.tradingview.com/chart/LITE/nU0igzAu-LITE-I-m-looking-for-20-MA-to-hold-for-entry-long-swing-trade/

$LITE, Swing, Trade

$LITE I’m looking for 20 MA to hold for entry long swing trade.

$CALA

April 20 – Trading 11.60. Bounce off 50 MA Stoch RSI crossed up, MACD pinch, SQZMOM may turn green, increasing volume. ON HIGH ALERT. May take an entry TODAY.

April 11 – Waiting on SQZMOM and MACD to turn up – getting closer now. Trading 10.75.

Mar 27 – Same

Mar 19 – Good call on Mar 12 MACD turning down.

Mar 12, 2017 – $CALA Declining volume, MACD likely turn down, 9 MA just holding. No resolution. Caution.

$CALA chart https://www.tradingview.com/chart/CALA/ma6v15V7-CALA-Declining-vol-MACD-likely-turn-down-9-MA-just-holding/

$CALA, Swing Trading, Chart

$CALA Declining vol, MACD likely turn down, 9 MA just holding. No resolution. Caution.

Mar 7, 2017 – $CALA Waiting for Stoch RSI to cool for a swing trade.

$CALA Live trading chart: https://www.tradingview.com/chart/CALA/8q5LxIls-CALA-Waiting-for-Stoch-RSI-to-cool-for-a-swing-trade/

$CALA, RSI, Swing, Stoch

$CALA Waiting for Stoch RSI to cool for a swing trade.

$XRT – SPDR S&P Retail ETF 

April 20 – Trading 42.43. Hold. Indicators still positive.

April 11 – Long 41.67 April 10 for a test. 300 shares. Trading 42.11.

Mar 27 – Double bottom test in progress on high watch now.

Mar 19 – Sames status as Mar 12.

Mar 12, 2017 – The Stoch RSI is starting to pinch at bottom of range (see Mar 7 chart), MACD is still on sell however. On close watch here.

$XRT, chart, MACD, SwingTrading

$XRT MACD still on sell but Stoch RSI (see other chart) is pinching at bottom of range. On watch.

Mar 7, 2017 – Watching close for a bounce. Stoch RSI on chart is near bottom so on high watch here.

Feb 27, 2017 – Trading at 43.72 this beat up sector seems to be ripe for a bounce. If we execute a trade on Monday it will be to test the waters and watch the market sentiment day to day – this and price action will determine how long we are in it. An interim target however would be 46.80 and would likely change as the trade progresses.

$XRT Retail Live Chart – https://www.tradingview.com/chart/0oELdpX1/

$XRT, Swing, Trading

$XRT Retail – Watching close for a bounce.

$EXP Building Materials

April 20 – Trading 94.45. Failed 20 MA test. Near 200 MA now. Waiting on indicators to turn up.

April 11 – Trading 96.37. Waiting on MACD and SQZMOM to turn up. Testing 20 MA now.

March 27 – 100 MA failed. Watching.

March 19 – Same status but on high watch for MACD because 100 MA held.

March 12, 2017 – $EXP Eagle Building Materials MACD still on sell, but expanding volume in play with 100 MA test. On watch for bounce.

$EXP, MACD, Chart, SwingTrading

$EXP Eagle Building Materials MACD still on sell, but expanding volume in play with 100 MA test. On watch for bounce.

Mar 7, 2017 – $EXP Building Materials watching close for a bounce.

Feb 27, 2017 – “Eagles Materials Posted Record Revenues, Record Net Earnings and Record Net Earnings per Diluted Share. Its stock grew 60% in 2016 and still looks cheap.”

Eagle Materials is a riskier play than most we will add to our swing portfolio, but our DD on this one has us excited and we likely will take a long position early this week with a target of minimum 10% upside in next 90 days. We will however keep our stop tight.

http://finance.yahoo.com/news/post-earnings-coverage-eagles-materials-131500431.html

https://www.fool.com/investing/2017/02/09/eagle-materials-stock-grew-60-in-2016-but-it-still.aspx?source=yahoo-2&utm_campaign=article&utm_medium=feed&utm_source=yahoo-2

$EXP Live Trading Chart – https://www.tradingview.com/chart/EXP/TpeK4yNK-EXP-Building-Materials-Watching-close-for-bounce-swing-trading/

$EXP, Swing Trade

$EXP Building Materials Watching close for a bounce swing trading.

$FIT

April 20 – Same

April 11 – Same. Trading 5.77.

Mar 27 – Same. 

Mar 19 – Same status as Mar 12. This one may never come back.

Mar 12, 2017 – $FIT FitBit Under 9 MA, MACD pinch, no volume expansion yet. On high watch.

$FIT, Chart, SwingTrading

$FIT FitBit Under 9 MA, MACD pinch, no volume expansion yet. On high watch.

Mar 7, 2017 – It hasn’t got its bounce yet – still watching. Trading at 6.00.

Feb 27, 2017 – We find the $FIT trade interesting. Although we would never otherwise consider it and if we do enter today a long position it will be looked at as short term, we think there may be opportunity to swing trade it because it should be much lower considering its recent quarter… lower in that we expected a panic that did not occur. This seems bullish, or at minimum a likely “bargain” in our opinion.

$FIT Swing Trade Target 6.99. Trading at 6.15.

$FIT, Swing Trade

$FIT Swing Trade Target 6.99

$VFC

April 20 – Trading 55.52. Hold. About to test 200 MA – caution.

April 11 – Hold from long 53.50 500 shares trading 54.70.

Mar 27 – Hold. Trading at 54.06

Mar 19 – Trading at 53.95 holding position long. Next test 100 MA crossing 20 MA. No adds yet.

Mar 12, 2017 – $VFC Holding but trade tentative as MACD pinching and declining volume.

$VFC, SwingTrade, MACD

$VFC Holding but trade tentative as MACD pinching and declining volume.

Mar 12, 2017 – $VFC Quarterly Swing Trading Performance Review. Long Feb 23 53.50 500 Shares. Unrealized loss 785.00. #SwingTrading

$VFC, Swing, Trade

$VFC Quarterly Swing Trading Performance Review. Long Feb 23 53.50 500 Shares. Unrealized loss 785.00.

Mar 7, 2017 – Holding long per Feb 23, 2017.

Feb 23, 2017 – $VFC Swing long 53.50 average with 58.10 as first upside target. More targets in upcoming reports.

$VFC Swing long 53.50 average with 58.10 as first upside target.

$VFC Swing long 53.50 average with 58.10 as first upside target.

$NE – Noble Corp

April 20 – Closed 2000 shares 5.52 for loss when it broke recent low.

April 11 – Holding from 6.95 2000 shares. Trading 6.31 and may have to cut at loss if oil resistance on deck holds.

Mar 27 – Hold. Trading 5.38

Mar 19 – It’s a bad trade but the MACD is so close to the bottom that we are holding for a bounce. One of our few bad swings in 2017.

Mar 12, 2017 – $NE Trade has turned against us with a sell signal on MACD. Holding on conviction. We believe it is near over-sold and this sector of the industry is near a turn in profit divergence.

Mar 12, 2017 –  $NE Quarterly Swing Trading Performance Review. Long Feb 22 6.95 2000 Shares. Unrealized loss 1920.00. Hold.

$NE, Swing, Trade

$NE Quarterly Swing Trading Performance Review. Long Feb 22 6.95 2000 Shares. Unrealized loss 1920.00. Hold.

Mar 7, 2017 – Holding long. Trading at 6.46.

Feb 23, 2017 – $NE Swing long opened 6.95 average for a 9.00 upside target.

$NE

$NE Swing long 6.95 average for a 9.00 upside target.

Alphabet (Google) $GOOGL, $GOOG

April 20 – Trading 857.20. MACD turned up, Stoch RSI turned up. SQZMOM just turned green. Waiting on 20 MA to cross up 50 MA for long.

April 11 – Watching MACD and SQZMOM to turn up for long.

Mar 27 – 863.99 Closed position Mar 21 when previous high was lost. On watch for MACD turn.

Mar 19 – Trading at 872.37 holding – looking for dips to possibly add. MACD flat so this is a concern.

$GOOGL, Swing, Trading

$GOOGL Going well. Our Swing Trading Members are in it from 848.91 trading at 872.37. #swingtrading

Mar 12, 2017 – $GOOGL Swing trade going well. In at 848.91 – holding and adding on dips (will advise). MACD on buy.

$GOOGL, Swing Trade, MACD, Buy

$GOOGL Swing trade going well. In at 848.91 – holding and adding on dips. MACD on buy.

Mar 12, 2017 – $GOOGL Quarterly Swing Trading Performance Review. Long Feb 22 848.91 200 Shares. Unrealized gain 2570.00. Hold.

$GOOGL, Swing Trade

$GOOGL Quarterly Swing Trading Performance Review. Long Feb 22 848.91 200 Shares. Unrealized gain 2570.00. Hold.

Mar 7, 2017 – Holding long per Feb 22, 2017. Trading at 847.27.

Feb 22, 2017 – We entered a long position starter at 848.91 200 shares. Stops will be managed manually and will be held tight until trade is to upside of current range. Pensive about short term market range.

Feb 21, 2017 – Price is to the topside of the break-out and I will likely enter a long position over the next day or two. Bullish on this stock.

Feb 12, 2017 – We still like the $GOOGL stock / chart. Price recently broke to the upside of the triangle and didn’t hold but is threatening to trade above again at Friday close. We’re watching for an upside break that holds for an entry or a visit to the 200 MA (pink line) for an entry.

Feb 7, 2017 Member Update: We expect a signal from the Trump camp soon (late this week), and if positive, this will be a very strong play – watch close! This needs to be high on your radar going forward!

We like this chart. Watch for an upside break out of the triangle. The principles apply the same to $GOOG and $GOOGL charts fyi. Also, watch the MACD close, it looks primed for a move. Earnings are Thursday. If price breaks to downside I will update with levels to watch. Also, the is a chart below that shows upside target.

$GOOGL, Chart

Fibonacci to watch, triangle, MACD, Break to upside possible in Alphabet (Google) $GOOGL

Link to live $GOOGL chart in TradingView.

https://www.tradingview.com/chart/GOOGL/isvDnbTQ-Swing-Trading-Member-Chart-GOOGL/

1003.17 Price Target in 2017 with upside break-out. Alphabet (Google) $GOOGL

Technically, the price target (should price break to upside) is 1003.17 before Jan 29 2018.

$GOOGL, Price Target

1003.17 Price Target in 2017 with upside break-out. Alphabet (Google) $GOOGL

Amazon $AMZN

April 20 – Trading 900.29. Hold per below.

April 11 – Trading 909.40 holding 100 shares from 822.72. When MACD and SQZMOM return to bottom and turn up I will likely add 100 long. Missed an execution on last dip.

Mar 27 – Hold trading at 845.39. Mar 21 lost 20 MA and almost sold but did not. Loss of 20 MA is a concern. Watching for 50 MA failure.

Mar 19 – Trading 852.31 holding. MACD pinching to downside so this is a concern.

Mar 12, 2017 – $AMZN Amazon Swing Trade going well. In at 822.72 trading 852.46. MACD on sell will add when MACD bottoms and turns (will advise).

$AMZN, Swing Trade, MACD

$AMZN Amazon Swing Trade going well. In at 822.72 trading 852.46. MACD on sell will add when MACD bottoms and turns.

Mar 7, 2017 – Holding long and may add on dips now. Trading at 846.46.

Feb 21, 2017 – Trading at 839.48 in premarket we’re on the right side of this swing so far. Depending on price action I will look to add at pull backs. Very bullish this stock.

Feb 12, 2017 – Trade Alert! We entered a trade long at a cost average 822.72 for 100 shares as soon as price was upside the 20 MA. This is an aggressive trade (being that we didn’t wait for a pull-back to 50, 100 or 200). We have a tight stop on the trade at 804.00 (just below its recent low (this would be a broken trade in our opinion at that point). So we are hoping this week is a strong week for Amazon. If not our aggressive move will cost us.

Amazon Swing Trading Live Chart: https://www.tradingview.com/chart/AMZN/ZQt7CJMs-AMZN-Amazon-Swing-Trading-Member-Chart/

$AMZN, Amazon, Swing, Trading

$AMZN Amazon Swing Trading Member Chart – Compound Trading

Feb 7, 2017 Member Alert! We haven’t got a pull back to the 200 day and depending on how tech does with Trump we may or may not, however, in overnight trade (premarket) price is close to the 100 day and I may take a test long position. This is one of our favorite picks so we will be quite aggressive with our attempts to get in at an inflection – so we are thinking sometime in the next few days looks decent.

My fourth priority is Amazon. I don’t want to over simplify this trade – but the bottom line is I’m looking for a pull-back and an entry as close to that 200 day (pink line with green arrow) as possible. I don’t think this stock will stop anytime soon. DD to follow soon.

$AMZN, Swing

$AMZN Swing

Juno $JUNO

April 20 – Trading 24.61. Hold per below.

April 11 – Trading 24.89. April 6 23.22 Long 500 start as SQZMOM turned green and MACD crossed up. Testing. Tight stop. 200 Day test on deck.

Mar 27 – No Change.

Mar 19 – No change.

Mar 12 – Member Alert! We will look at a re-entry on this when MACD turns back up!

Feb 21, 2017 – On Feb 16 we closed our position at 23.88.

Feb 12, 2017 – We have been long since late December at 18.32 (1000 shares) and it trades at 21.95 now – will be ratcheting up stops soon, the trade has done well but in the short term we don’t see a lot of upside for entries now, unless trade returns to the 50 day MA.

$JUNO Another Swing Trade Winner. Swing Trade Member Stock Pick is up 20%.

Swing, Trade, Stock, Pick, $JUNO

$JUNO Another Swing Trade Winner. Swing Trade Member Stock Pick is up 20%.

Feb 7, 2017 Member Update: $JUNO since my first entry mid December 2016 has consistently moved in an upward trend, and from that perspective has been a good stock pick. But it hasn’t been excellent like many of my other picks. It does have a gap fill coming soon so if you are long I would ratchet up your stops as you near 22.70 area.

$JUNO Live Chart Link: https://www.tradingview.com/chart/JUNO/W0WEYDQJ-JUNO-Swing-Trade-Member-Stock-Pick/

$JUNO, Swing, Trade, Stock, Pick

$JUNO Swing Trade Member Stock Pick

CombiMatrix Corp $CBMX

April 20 – Trading 4.90. Waiting on SQZMOM to turn green and MACD to turn up.

April 11 – Trading 5.30. There was a trade there when MACD and SQZMOM recently turned up. We didn’t take it. Watching.

Mar 27 – No Change

Mar 19 – No Change

Mar 12 – Member Alert! We will look at a re-entry on this when MACD turns back up!

Feb 22, 2017 – We closed our long positions in late trade and extended hours at 5.01 average.

Feb 21, 2017 – It is trading at 3.90 in premarket and recently as high as 4.23. Holding.

Feb 12, 2017 – This stock hasn’t slowed down since our entry at 2.59 (10000 shares) and doesn’t seem to want to return to the trendline support so our swing trade members can get in. It is trading perfectly in our prescribed range (albeit at the top) and closed at 3.90 on Friday – we have a 5.57 PT on it so I don’t if it is best to enter now – I wouldn’t unless it returns to the support line but some of the more aggressive swing trading members may want to consider it. Also, we will be ratcheting stops before earnings and even though earnings are expected to be strong we likely will not hold through earnings (or if we do it will be with tight stops).

$CBMX news – http://finance.yahoo.com/news/cbmx-expect-record-revenue-profit-140000918.html

$CBMX Swing Trade Stock Pick Doing Well up 50% Now.

$CBMX, Swing, Trade, Stock, Pick

$CBMX Swing Trade Stock Pick Doing Well up 50% Now.

My second priority is $CBMX. I am already in this swing and plan to enter in dips at the diagonal trend line (blue). Initial target area is around 5.57 with much greater potential upside. The Trump factor may cause this to come off a bit so my bias is toward late spring for first price target.

https://www.tradingview.com/chart/CBMX/qtdyUyY0-CBMX-Swing-Trade/

$CBMX, Swing Trade, Chart

$CBMX Swing Trade

OakTree Capital $OAK

April 20 – Trading 46.70. Hold per below.

April 11 – Trading 46.35. 45.59 Long small starter 200 shares when SQZMOM and MACD turned up – not really crazy positive about this trade so we have a tight stop on it. Earnings conference call on April 27th.

Mar 27 – No change.

Mar 19 – On high watch for MACD to turn up again.

Mar 12, 2017 – $OAK on swing trade high watch now. 200 MA may cross 50 MA. Watch MACD for turn up.

$OAK, MACD, Swing Trade, Watch

$OAK on swing trade high watch now. 200 MA may cross 50 MA. Watch MACD for turn up.

Mar 12, 2017 – $OAK Quarterly Swing Trading Performance Review. Long Jan 3 37.80. Closed Feb 15 46.04. 1000 Shares. + 8240.00 P/L 21.8% gain. #swingtrading

$OAK, Swingtrade

$OAK Quarterly Swing Trading Performance Review. Long Jan 3 37.80. Closed Feb 15 46.04. 1000 Shares. + 8240.00 P/L 21.8% gain. #swingtrading

Feb 21, 2017 – We closed our position last week at 46.04 because sentiment in this sector started to turn. We may look at a re-entry, however, we are waiting for the crude oil resistance test to play out and would like to monitor sentiment.

Feb 12, 2017 – This has been a fantastic swing trade and many of our members have profited from it. We are holding and have moved up stops to a 5% drop.

It is currently trading at 45.70 and is up considerably for our members – our 2017 price target was 49.58 and our short term price targets were easily met.

It is also currently trading just above its 200 MA so we are watching close – if it loses the 200 MA we will exit likely. So if you are thinking of adding or a long trade here you want to watch the 200 MA.

$OAK OakTree Capital Group Swing Trading Alert for Members has done well with 25% gains in 2017

Swing, Trade, Stock, Pick, $OAK

$OAK OakTree Capital Group Swing Trading Alert for Members has done well with 25% gains in 2017

Oaktree Capital Group, LLC (OAK) today announced that it will report fourth quarter and full year 2016 financial results prior to the opening of the New York Stock Exchange on Tuesday, February 7, 2017.

http://finance.yahoo.com/news/oaktree-schedules-fourth-quarter-full-133000267.html

Was trading at 37.57 – 38.00 when we originally started to look at it, currently trades at 41.65.

42.71 – 43.50 is our short term swing target (less than 3 months).

Feb 7, 2017 Member Alert! $OAK has met this swing trade target for our members – caution forward please!

49.58 is our 2017 target. No target date.

Our traders will be watching earnings (much like we did with Google last week and we will be doing with Amazon this week). Pending earnings and price action this will be when we enter a trade. Some of our swing traders have obviously seen decent gains since we first put this on our swing trading list a number of weeks back (good timing actually), but our traders have not taken a position yet.

$OAK, Swing Trading, Newsletter

$OAK – OakTree Capital Group

Oaktree Capital Trading View Live Charting:

https://www.tradingview.com/chart/OAK/w2CBerv2-Swing-Trading-Newsletter-Oaktree-Capital-OAK/

VanEck Vectors Russia ETF $RSX

April 20 – Trading 19.79. Watching.

April 11 – Closed April 7 20.76. Syria issues more than anything caused us to close it. Will watch.

March 27 – Hold. Trading 20.95. Watching for 50 MA test. SQZMOM green. MACD turned up.

March 19 – The MACD did turn up and we opened a starter position long 19.94 1000 shares March 15, 2017.

March 12, 2017 – $RSX On high watch now. Price testing 200 MA, increasing volume, MACD may turn, 20 MA to cross 200 MA.

$RSX, Watch, SwingTrade

$RSX On high watch now. Price testing 200 MA, increasing volume, MACD may turn, 20 MA to cross 200 MA.

Feb 21, 2017 – Still monitoring – no position.

Feb 12, 2017 – Decided considering geo political sentiment that I will consider a long at 50 MA or a break to upside now.

Feb 7, 2017 Alert! Although this has done exceptionally well since my first entry late 2016 I am now out of my position and am awaiting a pull back to 100 day at minimum.

$RSX Swing Trade Stock Pick – Waiting for Test of 50 MA or break to upside.

$RSX Live Chart – https://www.tradingview.com/chart/RSX/rjR7GATQ-RSX-Swing-Trade-Stock-Pick-Waiting-for-Test-of-50-MA-or-break/

$RSX, Swing, Trading, Stocks, Pick

$RSX Swing Trade Stock Pick – Waiting for Test of 50 MA or break to upside.

BOFI Holdings $BOFI

April 20 – Trading 25.03. Bounced off 200 MA, about to test 20 MA. Waiting for SQZMOM to turn green. Earnings on deck also so likely wait for that to pass first.

April 11 – Trading 24.12. TESTING 200 Day! On high watch here for MACD and SQZMOM to turn up.

Mar 27 – Same.

Mar 19 – Same status as Mar 12.

Mar 12, 2017 – $BOFI Waiting for MACD to turn up for another long entry.

$BOFI, MACD

$BOFI Waiting for MACD to turn up for another long entry.

Mar 12, 2017 – $BOFI Quarterly Swing Trading Performance Review. Long Dec 19 27.84. Closed Mar 10 29.90. 1000 Shares. + 2060.00 PL 7.4% gain.

$BOFI, Swing Trade

$BOFI Quarterly Swing Trading Performance Review. Long Dec 19 27.84. Closed Mar 10 29.90. 1000 Shares. + 2060.00 PL 7.4% gain.

Feb 21, 2017 – Watching.

Feb 12, 2017 – $BOFI Swing Trading Stock Pick After Dec Entry – Now Waiting for 200 MA PB test on 60 minute chart below or break out.

$BOFI Live Chart: https://www.tradingview.com/chart/BOFI/krBzI22u-BOFI-Swing-Trading-Stock-Pick-After-26-18-Dec-Entry-Waiting-for/

Swing, Trade, Stock, Pick, $BOFI

$BOFI Swing Trading Stock Pick After 26.18 Dec Entry Waiting for 200 MA PB test or break out

Feb 7, 2017 Member Update! Here is another I have done well since my first entry late 2016 and I am now waiting for another pullback to at least the 50 day if not 100 day to add. Holding full position and expect a return of 6% approximately (from today’s price) in 2017. If I can get a pullback I will be very happy.

$BOFI, Swing, Trading, Chart, Stock, Pick

$BOFI Swing Trading Member Stock Pick

Sunoco Logistics Partners $SXL

April 20 – Trading 23.53. Watching.

April 11 – Trading 24.12. SQZMOM and MACD just turned up. 20 MA just below. Waiting – on on high watch here now!

Mar 27 – MACD starting to pinch. On watch for regaining 20 MA etc. Trading 24.10.

Mar 7, 2017 – Holding Long.

Feb 21, 2017 – Watching the 200 MA – may add pending crude oil price action.

Feb 12, 2017 – $SXL Sunoco Swing Trading Stock Pick is Performing Excellent Since Late Dec Long Position and Jan addition to this list. We are currently waiting for a test of the 200 MA on the 60 day for an add to 1000 shares or a sell. Excellent trade so far.

$SXL Live Trading Chart: https://www.tradingview.com/chart/SXL/Zxq4BCtJ-SXL-Sunoco-Swing-Trading-Stock-Pick-is-Performing-Excellent-Sin/

$SXL Sunoco Swing Trading Stock Pick is Performing Excellent Since Late Dec Long Position

$SXL, Swing, TRade, Stock, Pick

$SXL Sunoco Swing Trading Stock Pick is Performing Excellent Since Late Dec Long Position

US Silica Holdings $SLCA

April 20 – Trading 42.76. Closed flat 47.38 April 13. Watching. 200 MA lost.

April 11 – 47.38 Long April 6 200 share tester when MACD and SQZMOM turned up and it bounced off 200 MA. Always take a bounce off 200 MA with indicators that turn up unless there is some very compelling reason not to! Trading 50.07.

Mar 27 – Same.

Mar 19 – Same status as Mar 12.

Mar 12, 2017 – $SLCA On long position high alert watchlist for 200 MA to hold and MACD to turn up (will advise).

$SCLA, Swing Trade, Watchlist

$SLCA On long position high alert watchlist for 200 MA to hold and MACD to turn up.

Mar 12, 2017 – $SLCA Quarterly Swing Trading Performance Review. Long Feb 8 55.77. Closed Feb 23 55.77. 500 Shares. +0.00 P/L 0% gain.

Mar 7, 2017 – We stopped out flat and are keeping it on watch list for now.

Feb 21, 2017 – Hold, managing stop. We like it, but it may stop out flat.

Feb 12, 2017 – We have our first entry in $SLCA at the 50 day 55.77 500 shares. We are going to watch how it handles the 20 MA. If it returns to our buy at 55.77 area we may cut bait.

$SCLA Live Trading Chart: https://www.tradingview.com/chart/SLCA/kYwi9RAO-SLCA-Swing-Trade-Member-Stock-Pick-Entry-at-50-MA-long-for-a-t/

$SLCA, Swing, Trade, Stock, Pick

$SLCA Swing Trade Member Stock Pick. Entry at 50 MA long for a tester.

Feb 7, 2017 Member Alert! We never did get that pull back, and I appreciate the notes from members that have done well with this swing nonetheless! However, caution is warranted entering this play with-out a pull-back.

My fifth priority is $SLCA. Again, another simple chart and it will require some patience. I see a pull-back coming and huge upside under the Trump inertia in to summer. I am looking for a pull-back to the 50 day (yellow arrow) or the 100 day preferably (blue arrow). If it gets away on me I’ll likely chase it and scale in 1/5th at a time.

$SCLA, Swing, Trade

$SCLA Swing Trade

$EOG EOG Resources 

April 20 – Trading 93.29. Watching.

April 11 – Trading 98.22. March 29 had solid bounce off 200 MA and MACD and SQZMOM turned up. We didn’t take trade but it was a solid set-up.

Mar 27 – Regained 200 MA )per previous) waiting for MACD, Stoch RSI, SQZMOM to turn up. High alert!

Mar 19 – MACD is pinching at bottom and about to turn up! On high alert!

Mar 12, 2017 – $EOG On high alert watchlist for swing trade. 200 MA test has held. Waiting for MACD to turn up.

$EOG On high alert watchlist for swing trade. 200 MA test has held. Waiting for MACD to turn up.

$EOG On high alert watchlist for swing trade. 200 MA test has held. Waiting for MACD to turn up.

Feb 21, 2017 – Stopped flat. Keeping on watch.

Feb 12, 2017 – New Entry! $EOG Resources Long entry 98.77 at 100 MA 300 shares starter. Swing Trade Stock Pick. If it fails at our entry price we will exit and re-evaluate.

$EOG Resources Live Chart – https://www.tradingview.com/chart/EOG/5pnQP44r-EOG-Resources-Long-entry-98-77-at-100-MA-Swing-Trade-Stock-Pic/

Sing, Trading, Stock, Pick, $EOG

$EOG Resources Long entry 98.77 at 100 MA. Swing Trade Stock Pick

$GREK Global Greece ETF

April 20 – Trading 7.98. Closed 8.14 1500 shares April 12 when Stoch RSI turned down. Waiting on indicators MACD and Stoch RSI now.

April 11 – March 27 Long 7.91 1500 share long when MACD turned up. Trading 8.15 and tight stop. Watching close. May close on next downturn and re-enter. Interesting.

March 27 – Same. Watching.

March 19 – Same status as Mar 12.

March 12, 2017 – On high alert watchlist now – MACD about to pinch. Watching for MACD turn up.

Feb 21, 2017 – Watching.

$TRCH Torchlight Energy

April 20 – Trading 1.54 Holding.

April 11 – $TRCH Interesting premarket here also. Holding from 1.50 so not underwater now but #oil is getting really close to a YUGE wall  Setting stop at entry likely.

March 27 – Same. Hold. Will add at bottom of MACD turn and other indicators turn.

March 19 – Trading 1.41 holding.

Mar 12, 2017 – Holding position. MACD turned down and will add when MACD turns up. Holding 2000 at 1.50 trading at 1.36. Near the stop loss area but for myself this is a conviction trade based on Trump and this specific company. It is also a relatively small position.

$TRCH, Swing Trading

$TRCH Quarterly Swing Trading Performance Review. Underwater .14 cents on 2000 shares. Unrealized loss 280.00 Holding. #swingtrading

Mar 7 2017 – Holding.

Feb 21, 2017 – Holding, watching for possible add.

https://www.tradingview.com/chart/TRCH/xxpZ4uPM-TRCH-Swing-Trade/

$TRCH Swing Trade

$TRCH Swing Trade

$NG Nova Gold

April 20 – Same.

April 11 – Trading 4.88 watching indicators for life.

March 12, 2017 – $NG Quarterly Swing Trading Performance Review. Long Jan 12 5.14. Closed Feb 27 5.81. 2000 Shares. +1340.00 PL 13% gain.

$NG, Swing Trade

$NG Quarterly Swing Trading Performance Review. Long Jan 12 5.14. Closed Feb 27 5.81. 2000 Shares. +1340.00 PL 13% gain.

March 7, 2017 – We figured in our last report we may close. Feb 27, 2017 we closed for 5.81.

Feb 21, 2017 – Hold, watching, may close position.

Feb 7, 2017 – $NG Nova Gold Swing trade members are pleased with stock pick 5.14 buy alert trade up to 6.21 (22% gain) at 5.98 now.

$NG NovaGold Live Chart – https://www.tradingview.com/chart/NG/7sroM8Ai-NG-Nova-Gold-Swing-trade-members-are-pleased-with-stock-pick-5/

$NG, Stock, Pick, Swing, Trade

$NG Nova Gold Swing trade members are pleased with stock pick 5.14 buy alert trade up to 6.21 (22% gain) at 5.98 now.

The first swing of 2017 I will be entering (likely today) is NovaGold. First target is 6.46 area and second target is 7.30 area. It is currently trading at 5.10. It’s full extension is over 8.50.

https://www.tradingview.com/chart/NG/1Sz7RDKg-NG-Novagold-Swing-Trade/

$NG, NovaGold, SwingTrade, Chart

$NG Novagold Swing Trade

 

Email or DM me on Twitter anytime with thoughts or questions!

Cheers!

Curtis

Article Topics; Compound Trading, Swing, Trading, Stock, Picks, $CELG, $LITE, $CALA, $SBUX, $XRT, $EXP, $FIT, $NE, $VFC, $ASM, $GOOGL, $AMZN, $JUNO, $CBMX, $OAK, $RSX, $BOFI, $SXL, $SLCS, $EOG, $NG, $TRCH, $GREK


Good morning swing traders and welcome to the Compound Trading Weekly Swing Trading stocks for the week of April 16, 2017. $LIT, $BA, $RIG, $ABX, $EXK, $BABA, $VRX, $NFLX, $WYNN, $URRE, $TAN, $TWLO, $GSIT, $AXP, $XLE, $SLX, $X, $XME, $AKS and more.

Email us at [email protected] 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.

Notices:

Good morning! 

Markets are still in flux so this is an update of holds, closed trades and new trades within the stocks we are currently covering for swing trades on this list (one of three lists – the other two are to follow today or this evening).

The new swing trade picks on deck are not near flashing buy signals so for now (while markets sort out) we will update this list (and the others) over the next day or two and hopefully the markets will get positive again in short order so we can release the new picks also.

Any updates below specific to the more recent reports are highlighted in red to simplify the process for you.

Stock Picks Coverage

$LIT  – Global Lithium

April 19 – MACD crossed down April 13. Closed 28.30 all shares.

April 10 – Trading 28.87 Holding.

April 5 – $LIT Alerted on March 27 report and went long 27.32 March 30 – long entry still intact as MACD is up, SQZMOM green or wait for pull back then enter. We expect this sector to stay hot – but if not in you may want to wait for STOCH RSI to cool and turn back up and go long.

$LIT, Stock, Pick, Swing, Trade

$LIT Alerted on March 27 report and went long 27.32 March 30 – long entry still intact as MACD is up, SQZMOM green or wait for pull back then enter.

$BA – Boeing

April 19 – Watching. Waiting for MACD to cross up.

Apr 10, 2017 – Watching

April 5, 2017 – $BA Boeing – It’s early but increasing volume, Stoch RSI turn up, MACD turn up pinch, SQZMOM wait for it to turn green and POW

$BA Boeing live chart – https://www.tradingview.com/chart/BA/9oB2G2vk-BA-Boeing-It-s-early-but-increasing-volume-Stoch-RSI-turn-up/

$BA, Boing, Swing, Trading

$BA Boeing – It’s early but increasing volume, Stoch RSI turn up, MACD turn up pinch, SQZMOM wait for it to turn green and POW

$EXK – EXK Silver Mining

Apr 19 – Holding long 3.49. Trading 3.20. Stoch RSI almost at bottom and will watch close when Stoch RSI turns back up.

Apr 10 – Holding trading 3.45

Apr 5 – $EXK Silver Mining SQZMOM turned green today, increasing volume, MACD up – may want to let it cool a bit before long. We are long at 3.49 average cost basis April 4 3000 shares.

$EXK, Silver, stock, chart

$EXK Silver Mining SQZMOM turned green today, increasing volume, MACD up – may want to let it cool a bit before long. We are long at 3.49 April 4.

$BABA – Alibaba

April 19 – Closed 111.40 at target from 104.64 cost avg 500 shares. Will allow MACD to return to bottom for re-entry.

$BABA, Swing, Trading, Chart

$BABA Closed trade at 111.40 at target from 104.64 cost average #swingtrading

April 10 – Hit 110.45, very near our 111.40 target. Holding, trading 109.34. Long 104.64.

April 4 – Holding long 500 shares from 104.64 now trading 108.17. It is testing all time highs and we may add on a break of all time highs. If it pulls back we may cut for a small profit. First price target is 111.40 (see below)

$BABA Live chart with indicators including that SQZMOM indicator – sweeet tool! https://www.tradingview.com/chart/BABA/Lbao9BVu-BABA-Swing-Trade-going-well-Our-Swing-Trading-side-is-in-at-10/

March 27 – We’re long 104.64 500 shares March 22 at test of 20 MA. Stop is at our entry and we are looking for a fresh break-out. However, the market sentiment is not great right now so we are unsure. There is an upside pivot at 111.38 we are watching for resistance should price continue up. Also watching MACD close.

$BABA, Swing, Trading

$BABA Swing trade

March 20 – Wait for MACD to turn up and confirm and stay long until MACD turns down. The Stoch RSI seems to be frontrunning the MACD fyi. $BABA is one of my favorites right now and I see a long entry early in the week.

$BABA Live Trading Chart – https://www.tradingview.com/chart/SPY/GsGBi5f2-BABA-Daily-100-MA-50-MA-Cross-MACD-Pinch-SQZMOM-up-Stoch-RSI/

$BABA Daily 100 MA 50 MA Cross, MACD Pinch, SQZMOM up, Stoch RSI up. Wait for MACD for long. #swingtrading

$BABA, Swing, Trading, Chart

$BABA Daily 100 MA 50 MA Cross, MACD Pinch, SQZMOM up, Stoch RSI up. Wait for MACD for long. #swingtrading

$NFLX

April 19 – Trading 143.75 – waiting for MACD to turn up.

April 10 – We closed flat 145.50. Trading 142.80. Waiting for MACD, Stoch RSI, SQZMOM to turn green for entry long.

April 4 – March 29 we entered 145.50 500 shares when MACD turned up per watch trigger below. Stop is at flat at entry and we will re-enter if we have to. Will look at adding pending triggers – will advise.

$NFLX Live chart with indicators https://www.tradingview.com/chart/NFLX/ozKJQ8t4-NFLX-March-29-we-entered-swing-trade-145-50-when-MACD-turned-t/

March 27 – MACD has been flat or turned down since last post. Looking close at MACD turn up and entry this week.

March 20 – The only thing that concerns me is the price staying above approximately 145.05 as a low on any given day. I may also look for that in addition to indicators lists below. Same thing with this one, exit when MACD turning down. Chances are high I will enter long early week.

Live $NFLX Chart – https://www.tradingview.com/chart/NFLX/4RQP5P9P-NFLX-Daily-abover-20-MA-Stoch-RSI-Revved-MACD-turning-up-SQZMOM/

$NFLX Daily abover 20 MA Stoch RSI Revved MACD turning up SQZMOM watch close for green. Long on MACD and QZMOM confirmation.

$NFLX, Swing Trading, Stocks

$NFLX Daily abover 20 MA Stoch RSI Revved MACD turning up SQZMOM watch close for green. Long on MACD and QZMOM confirmation. #swingtrading

$GSIT

April 19 – Trading 7.63. MACD still trending down. Waiting for it to turn up.

April 10 – Trading 8.18, Stoch RSI curling up, waiting on MACD to cross up and SQZMOM to turn green for long.

April 4 – $GSIT finally cooling off and coming back to earth. Watching that MACD very close for a turn up (after it returns to bottom hopefully).

Mar 27 – Sure enough, it was on its way to the 20 MA this past week and stopped short and got some lift and closed Friday sitting on 8 ema. Will wait for it to line up.

Mar 20 – The reason I have this on the list is because as a break-out stock it is about as clean as they come, however, break out stocks come with risk. So you have two options (and shorting right now isn’t one), you can either wait for it to get near a 20 MA test and go long when other indicators line up or open a short time-frame chart and trade it. I will be waiting for the 20 MA test.

GSI Technology, Inc. to Present at the Global Predictive Analytics Conference http://finance.yahoo.com/news/gsi-technology-inc-present-global-173705866.html

$GSIT in break-out. Daily Stoch RSI peaking, MACD near peak, SQZMOM near peak. Wait for 20 MA retest and MACD confirm for long.

$GSIT, Chart, ,Swing, Trading

$GSIT in break-out. Daily Stoch RSI peaking, MACD near peak, SQZMOM near peak. Wait for 20 MA retest and MACD confirm for long.

$AXP

April 19 – Trading 75.50. MACD getting close to bottom. On watch for MACD cross up.

April 10 – Trading 77.77. Waiting on Stoch RSI to curl up, MACD to cross up and SQZMOM to turn green for long.

April 4 – $AXP American Express. So close. SQZMOM about to turn, MACD cross on deck just need PTPTRR to line up. Need volume & power. #swingtrading $AXP Price Trigger Power Trade Risk Reward – PTPTRR #trading Over the Wall!

$AXP, Swing, Trading, Chart

$AXP American Express. So close. SQZMOM about to turn, MACD cross on deck just need PTPTRR to all line up. Need volume and power. #swingtrading

March 27 – MACD has turned down and SQZMOM is red and negative but Stoch RSI is starting to curl – waiting for that MACD to take an entry.

March 20 – This is a trend play. The only thing you have to do is manage your entry point and risk. Wait for indicators to confirm next leg up about to start and take long entry. When MACD turns down on daily that is your exit. I really like this one, especially because MA’s are all on right side (aligned) and trend reversal is in place.

$AXP Setting up for next possible leg up. Wait for MACD SQZMOM Stoch RSI to turn up. Will likely test near 100 MA at min 50MA.

$AXP, Stock, Swing, Trade

$AXP Setting up for next possible leg up. Wait for MACD SQZMOM Stoch RSI to turn up. Will likely test near 100MA at min 50MA.

$ABX – Barrick Gold

April 19 – Trading 19.46. Indicator indecision. Waiting on clarity.

April 10 – Waiting on MACD and Stoch RSI to cross and turn up for long. SQZMOM is green now. Trading 19.09.

April 4 – $ABX Setting up nicely. Above 200 MA, wait for Stoch RSI to return to bottom and turn if possible, be sure SQZMOM green and MACD turns up and kapow. Some volume and power would help too.

$ABX, Swing Trading, Chart

$ABX Setting up nicely. Above 200 MA, wait for Stoch RSI to return to bottom and turn if possible, be sure SQZMOM green and MACD turns up and kapow. Some volume and power would help too.

March 27 – Very close now. SQZMOM just turned green, MA’s are starting to line up but not all yet, Stoch RSI is turned down at top of range so I would like to see it at bottom when we enter and the MACD is turned up. So we’re waiting for the MA’s to line up and the Stoch RSI to be near or at bottom curling up (ideally).

March 20 – I will enter a long when price above 20 50 100 200 MA’s and will likely wait for the 200 MA to cross 100 MA (although not absolute). Like with all others I will exit when MACD turns down.

Freeport a better buy? https://www.fool.com/investing/2017/03/18/better-buy-freeport-mcmoran-inc-vs-barrick-gold.aspx

Inflation may send Gold higher. http://ir.baystreet.ca/article.aspx?id=528&1489764218

$ABX Daily MACD turning up, Stoch RSI way up, price on 20 MA, SQZMOM needs to confirm, 200 MA 100 MA cross would help with price above.

$ABX, Swing, Trading, Chart

$ABX Daily MACD turning up, Stoch RSI way up, price on 20 MA, SQZMOM needs to confirm, 200 MA 100 MA cross would help with price above.

$TAN

April 19 – Trading 17.39. This one is getting close. Stoch RSI has to come off and then turn up. SQZMOM is almost green and MACD cross up. When those line up we will take a long position.

April 10 – Trading 17.20, Stoch RSI pinch, MACD pinch.  Waiting on Stoch RSI to curl up, MACD to cross up and SQZMOM to confirm green for long.

April 4 – NA

Mar 27 – $TAN chart is now “broken” and price is on its way to the lower pivot around 16.44. All indicators are pointing to down. It closed Friday at 17.29. So we will keenly watch it as it nears the lower pivot and see if the indicators line up for a long trade. If it lost lower pivot  we may even consider a short side entry pending indicators.

Mar 20 – Nice reversal play if it turns out. In addition to below watch the 200 MA as resistance if you go long.

$TAN Reversal Play. Daily MACD needs to turn up, Stoch RSI is up, SQZMOM needs to turn up. 100 MA about to cross 50 MA – bullish.

TAN, Swing, Trade, Stocks

$TAN Reversal Play. Daily MACD needs to turn up, Stoch RSI is up, SQZMOM needs to turn up. 100 MA about to cross 50 MA – bullish.

$VRX

April 19 – Trading 8.95. Not ready.

Apr 10 – Waiting on Stoch RSI to curl up, MACD to cross up and SQZMOM to confirm green for long.

April 4 – I thought I’d run a poll on my Twitter feed to help us with this one.

$VRX Premarket up 1%. MACD cross flat… is this the bottom?

$VRX, Premarket

$VRX Premarket up 1%. MACD cross flat… is this the bottom

$VRX Premarket live chart https://www.tradingview.com/chart/VRX/F7bVqHl7-VRX-Premarket-up-1-MACD-cross-flat-could-this-be-bottom/

March 27 – $VRX continues stepping down on the chart… per below, really important to wait for all the indicators to line up. So we remain patient and watch.

March 20 – This was looking like it was going to curl up last week and bounce but it failed. A great example of carefully watching a falling knife indicators before taking a long position. Use patience and when all indicators in play take a long.

$VRX Bottom Play. Daily MACD needs to turn, Stoch RSI turning up, SQZMOM needs to turn then as MA cross-overs occur it will strengthen.

$VRX, Swing Trade, Bottom Play

$VRX Bottom Play. Daily MACD needs to turn, Stoch RSI turning up, SQZMOM needs to turn then as MA cross-overs occur it will strengthen.

$TWLO

April 19 – Trading 30.51. April 12 MACD turned up opened long 29.60 1000 shares. 

$TWLO, Swing, Trading

$TWLO Swing Trade going well. Trading 30.51. April 12 MACD turned up opened long 29.60 tight stop.

April 10 – Trading 28.40. Stoch RSI curling up, waiting on MACD cross and SQZMOM to turn green for long.

April 4 – No change.

March 27 – Price failed when it had to poke through 100 MA and continue – it failed and is on its way (possibly) to the previous low. So here, as with $VRX we employ patience – but get ready because the long in this one will be decent. Use the indicators noted below.

March 20 – Looks like bottom may be in. It is trending up. Looking for 100 MA to cross down under 20 MA (pinching now) and price to trade above 20 MA for long. Be sure to wait for MACD to confirm also first.

$TWLO Bottom Play on Watch. 100 MA needs to cross 20 MA with price over them. Stoch RSI pinch, MACD pinch, SQMOM turning up not green.

$TWLO, Swing Trading

$TWLO Bottom Play on Watch. 100 MA needs to cross 20 MA with price over them. Stoch RSI pinch, MACD pinch, SQMOM turning up not green.

$WYNN

April 19 – Trading 115.95. MACD trending down. Waiting for bottom and turn up. It has a ways to go.

April 10 – Closed 500 shares Friday 117.20. Trading 116.50. Watching MACD, Stoch RSI, SQZMOM for reset at bottom and turn for re-entry.

April 4 – We triggered a stop at flat March 27 and had a re-entry at 111.04 when we looked at it again for 500 shares. Currently trading at 116.00 and we are watching MACD.  Which is currently at top. We may exit as MACD turns down and re-enter when MACD turns back up. Alternatively we may ride the MACD turn down as long as our original entry isn’t triggered as stop and when MACD turns back up add to position. Both are valid and we are undecided. 

March 26 – We took a long position at 110.93 for 500 share start on March 21. HOWEVER, we have a stop at our entry price (due to current market sentiment) and it is currently trading at 111.92. Careful with this one. 

March 20 – This isn’t easy to swing but is so hot it would be foolish to ignore, so discipline like with so many other plays in the current market is required. Seeing it hold 110.00 for a full day with indicators in line would put me in a long position.

$WYNN 200 MA needs to cross 100 MA, trade over 110 full day. Stoch RSI peaking, MACD up, SQMOM up.

$WYNN, Swing, Trade

$WYNN 200 MA needs to cross 100 MA, trade over 110 full day. Stoch RSI peaking, MACD up, SQMOM up.

$XME

April 19 – Trading 29.48. Close flat 30.59 on the 12th. Testing 200 MA now. Watching for Stoch RSI to turn up, MACD to turn up and SQZMOM to turn green for long.

April 10 – Trading 30.84 holding. Long at 30.59. Tight stop.

April 5 – We opened a tight long position (so stop will be tight because you can always re-enter and metals charts still have to confirm so we are a tad early here) long 30.59 500 shares will add if it confirms and will cut bait if it comes off at most 2% and re-enter. Indicators look good BUT we are early. Use caution until metals etc confirm.

$XME Live trading chart with indicators listed. https://www.tradingview.com/chart/XME/lkPWMXSp-XME-Metals-and-Mining-ETF-Above-21-ema-8-ema-20-MA-200-MA-MACD/ #swingtrading 

$XME, Swing, Trading, Alerts

$XME Metals and Mining ETF Above 21 ema 8 ema 20 MA 200 MA MACD turned up SQZMOM turned green today

March 27 – Price action has been poor since last report, the 200 MA is just below price now so we are going to see if the indicators line up for a bounce long position.

March 20 – MACD is pinching and about to turn up, also waiting for price above 20 MA. This is a great looking chart and an argument could be made that a long position before everything lines up as I noted is sound. It’s a great looking chart because MACD is bottom (for clarity), so when it turns if all other indicators look good there should be room for a decent trade. Caution should be noted that now after having gone through a number of charts this evening the market is at a decision so any swing trades should be considered at length and stops should be tight IMO.

$XME Daily MACD pinching, SQZMOM starting to turn, Stoch RSI peaking, Price needs 20 MA

$XME, Swing Trading

$XME Daily MACD pinching, SQZMOM starting to turn, Stoch RSI peaking, Price needs 20 MA

$URRE

April 19 – Trading 1.94. Watching. Indicator indecision.

Apr 10 – No change.

April 5 – $URRE isn’t as close to a buy as $XME above, HOWEVER, the SQZMOM did signal green today and the MACD is slightly turning up! So it is on HIGH WATCH now!

March 27 – Almost a replay from last week (the indicators), so we remain patient and watch.

March 20 – Like so many of the charts this week, there is indecision. However, if the indicators line up this has excellent upside potential. The MACD pinching at the bottom is key IMO.

$URRE Daily MACD pinching at bottom, Stoch RSI turn up, SQZMOM needs green, price needs 20 MA.

$URRE, Swing Trading

$URRE Daily MACD pinching at bottom, Stoch RSI turn up, SQZMOM needs green, price needs 20 MA.

Others on watch but not ready to report charting:

$RIG

April 19 – Watching.

Apr 10 – No Change. Trading 12.50.

April 5, 2017 – $RIG Sooo close. MACD up, SQZMOM about to turn GR, wedged, needs increasing volume and break-out confirmation for a long.

$RIG, Chart

$RIG Sooo close. MACD up, SQZMOM about to turn GR, wedged, needs increasing volume and break-out confirmation for a long.

March 27 – It is holding its 200 MA like a trooper, but I want to see it at least be over 20 MA and other indicators to line up.

March 20 – MACD pinching, watching for it to turn up, Above 200 day but needs to trade above 20 MA for long.

$XLE

April 19 – Watching

April 10 – No change.

April 5 – $XLE chart is very similar to $RIG and others in this space, HOWEVER, it is still under 200 MA. On watch for break of 200 MA.

March 27 – The 50 has crossed the 100 and the 20 the 200 to downside – this is very bearish in the near term. Watching. It does qualify as a short and best when MACD at top turning down and Stoch RSI at top turning down with confirmation of price action and MA’s.

March 20 – MACD pinching, watching for it to turn up, Needs 200 day and to trade above 20 MA for long or it becomes a short.

$SLX – Vaneck Vectors Steel

April 19 – At 200 MA support test now. Watching indicators closely.

April 10 – No change. Trading 39.90.

April 5 – $SLX On watch for SQZMOM to turn green and MACD to turn up. Close.

$SLX, watch, chart

$SLX On watch for SQZMOM to turn green and MACD to turn up. Close.

March 27 – As with $XLE above this also qualifies as a short (pending short term indicators lining up when you take the position). Price lost the 100 MA and the indicators are negative – very bearish. Watching.

March 20 – MACD is pinching on the turn back up – waiting for it to turn up and 45.50 to hold for one day to confirm break out. Or, on downdraft I would look at a 100 MA long entry also.

$X – United States Steel Corp.

April 19 – Trading 28.65. At 200 MA support test. As above watching indicators closely.

April 10 – Trading 34.40 premarket Monday. ON HIGH WATCH MACD about to cross up.

April 5 – Same as $SLX indicators above. Very close now.

March 27 – The $X trade is almost identical to $SLX above. Waiting.

March 20 – This one is riskier than most on this list, however, I am watching the MACD for a turn up for a possible long.

$AKS – Iron Steel Mills Foundry

April 19 – Trading 6.40. Closed 6.97 fr loss April 11 when it lost 200 MA. On watch again.

April 10 – Long 7.30 April 7 1000 shares. MACD just turned up but SQZMOM is not green yet. 1/3 size entry with other 2/3 entry when SQZMOM turns green with other indicators confirming.

$AKS Live Chart – https://www.tradingview.com/chart/AKS/BbzvqPhJ-AKS-Swing-trade-position-long-April-7-swingtrading-stock-pic/

$AKS, Swing, Trading, Stock, Picks

$AKS Swing trade position long April 7 #swingtrading #stock #picks

April 5 – Sitting right on 200 MA now. Watching for 200 MA to hold, MACD to turn up, SQZMOM to green.

March 27 – AKS is coming in on the 200 MA test. Watching.

March 20 – MACD is turning up now, watching for price to trade above 20, 50, 100 that are clustered together. It is well over 200 MA.

Others of interest. Swing Trading reviews from Daytrading Live Room Platform.

$DVN – Devon Energy

$SXE – Southcross Energy

$OIH – Oil ETF

$CHK – Cheseapeake

Email or DM me on Twitter anytime with thoughts or questions!

Cheers!

Curtis

Article Topics; Compound Trading, Swing, Trading, Stock, Picks, $BA, $LIT, $RIG, $ABX, $XME, $EXK, $BABA, $WYNN, $NFLX, $URRE, $VRX, $NFLX, $WYNN, $TAN, $TWLO, $GSIT, $AXP, $XLE, $SLX, $X, $XME, $AKS


Compound Trading Monday April 17, 2017 Review of; Chat Room Stock Day Trading, Swing Trading, Algorithm Chart Trading and Live Stock Alerts. $CBLI, $HTGM, $LIGA, $MMEX, $USOIL, $WTIC, $DWT, $GLD, $DUST, $GDX –  $ONTX, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI etc …

Intro:

Compound Trading is a trading group active in day trading, swing trading and algorithmic model charting (black box).

Time stamped entries (in permanent archive) copied to this blog are direct live log chat from chat trade room as they occurred (random chat not applicable is deleted from transcript below but raw video footage is as it occurred – uncut). Chat trade room is recorded daily for trade archive (embedded below and available on our YouTube channel).

In addition to chat, this trade-room has live voice broadcast (that covers in detail what indicators we are looking for in and out off each trade. Typically at market open and for chart review during lunch hour at minimum) and has live chart screen sharing right from our monitors. At times guest traders and associate traders will screen share charting and/or voice broadcast.

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/ .

Notices:

Thanks for kind words folks! Adding to page as time allows. GL this wk! https://compoundtrading.com/testimonials/ #community #testimonials #trading #premarket

Most recent lead trader blog posts:

Trading Checklist (Rules) I Follow Before Triggering. Part 2 of “Freedom Traders” Series.

Now I’m Inspired! My Guarantee to Struggling Traders (and Yours). Part 3 “Freedom Traders” Series.

Last market trading session Post Market Stock Trading Results can be found here:

Premarket Trading Plan Watch-list for this session can be found here (locked to respect members and unlocked to public about a week later for transparency):

Most recent Premarket Chart Set-Up Video (most recent available to public – there may be others in member’s newsletters):

Most recent Market Open Momentum Stock Trades Video (most recent available to public – there may be others in member’s newsletters):

Most recent Mid Day Chart Set-Up Review Video (most recent available to public – there may be others in member’s newsletters):

Most Recent Public Swing Trading Simple Charting can be found here: Swing Trading Simple Charts (Public) Apr 16 $SPY, $VIX, $USOIL $WTIC, $GLD, $GDX, $SLV, $DXY, $USDJPY, #GOLD, #SILVER

Premarket Session: 

Premarket momo $CLBI $WPRT $HTGM

$HTGM Premarket on fire with news. +30% Last round was awesome – again?

In play today in chat room and on markets:

Premarket was in $CBLI $WPRT $HTGM and then on the day leader-board included $CBLI, $MOCO, $SCON, $SCON, $WKHS, $ALR and a few others. On OTC side it was $MMEX running mad.

$CLBI, Stock, Trading, Results, Post, Market

$CLBI up 141% Members is the room have a homerun on this today. I missed ha. They held right from open. Nice play.

$MMEX up 78% off the watch list. Held 200 day and boom.

I took a small paper-cut on $CBLI at open, took a small long in $LIGA and added a 2nd position long to $DUST (inverse Gold play – short Gold miner’s actually $GDX) and now I am in 2/5 size $DUST at 1000 shares.

$DUST Gold Miner Bear has some momentum today. $NUGT $JDST $JNUG $GDX

Gold. Add to $DUST today. #Gold

Holding $DWT because of course EPIC the Algo has been rocking the show and not missing a beat.

EPIC the Algo on fire?Hasn’t missed a turn since inception. All documented on http://compountrading.com . $USOIL $WTI $CL_F #OIL#trading #OOTT

$DWT Oil Bear doing well today also. $UWT $USOIL $WTIC $UWTI $DWTIF $UWTIF $USO $UCO

Oil. Hold $DWT no add today. #Oil

And our MEMBERS HIT $CBLI OUT OF THE PARK!!! I say that because I talk to members and they tell me when they enter and exit even if they don’t publish publicly etc and there were some massive wins I MEAN MASSIVE – one win was over 50,000.00 on that one daytrade. They held right from open all the way to the end of the day. I’ve identified five members that are up over 200% so far this year!!! Way outperforming myself at about 50% YTD.

$CLBI up 141% Members is the room have a homerun on this today. I missed ha. They held right from open. Nice play.

Off mic till noon chart set-up review. Not best open w $HTGM, $CBLI, $RPRX, $WPRT etc Took a tiny papercut on long $CBLI and that was it.

How-to Trade Stocks, Lessons and Educational:

@jimcramer Did a wonderful piece last night on stock watchlist $STUDY for equities making new highs. Excellent for new & exp traders alike.

Watch the premarket, the market open and the mid day chart set-up reviews available on video that are in this post above if you are struggling to trade consistently for a profit.

Some days it’s more important to know when not to pull the trigger than it is to know when to pull the trigger. Lots of chop at open today.

Successful trading is a boring, disciplined, intense war against self (inner rebellion). Conquer self – find freedom. Peace. #freedomtraders

Stocks, ETN’s, ETF’s I am holding:

I am holding (in order of sizing – all moderately small size to micro sizing) – $DUST, $DWT, $XIV, $ONTX, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI (this is the daytrading portfolio and does not represent swing trading service portfolio): Looking at moving out of all these small positions over the next month or so.

Note-able Momentum Stocks Today (via FinViz):

Ticker Last Change Volume Signal
CBLI 4.80 207.69% 38830129 Top Gainers
MOCO 29.70 37.18% 1167487 Top Gainers
SCON 2.10 25.75% 3935223 Top Gainers
STRP 112.49 22.67% 1701206 Top Gainers
WPRT 1.27 19.81% 3779500 Top Gainers
INFI 2.19 19.02% 3394200 Top Gainers
CBLI 4.80 207.69% 38830129 New High
MOCO 29.70 37.18% 1167487 New High
STRP 112.49 22.67% 1701206 New High
GAIA 11.30 0.00% 212000 New High
STRP 112.49 22.67% 1701206 Overbought
CBLI 4.80 207.69% 38830129 Overbought
CBLI 4.80 207.69% 38830129 Unusual Volume
MOCO 29.70 37.18% 1167487 Unusual Volume
PEX 40.85 0.27% 71900 Unusual Volume
ALR 49.05 15.93% 22722400 Unusual Volume
CIR 61.69 9.89% 308900 Upgrades
LMB 13.62 0.96% 13208 Earnings Before
SRNE 1.88 4.17% 1477455 Insider Buying

Market Outlook:

Selling ahead of tax day is normal. So is a bounce after. We discuss here ….

Algorithm Charting News:

⤵ That tweat cause our $SPY algorithm warned us /members TWO WEEKS before last high we’d not return to high for some time?? @FREEDOMtheAlgo

⤵Epic nailed the top when the world was screaming this. @EPICtheAlgo

I wouldn’t get too excited long $SPY $ES_F $USOIL $WTI etc. until most recent highs are taken out and confirmed.

The Charting Algorithm Twitter feeds can be found here: $WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index).

Swing Trading Notes / News:

When I started talking leaning in to oil related short 5 days ago LOT of people, well you know. EPIC the Oil Algo ?? $USOIL $WTI $CL_F #OIL

The Swing Trading Twitter feed is here: https://twitter.com/swingtrading_ct.

US Dollar $DXY $USDJPY $UUP & Currencies of Note:

NA

Gold $GLD $XAUUSD

$GLD: SPDR Gold Shares Testing Post-2011 Down Trendline (linear scale) $GC_F

Keeping it simple doesn’t hurt??⤵ #Gold $GLD $XAUUSD $GC_F #Commodities

Gold Miner’s $GDX:

For those buying GDX on war concerns. Gold production tends to collapse during wars. Resources diverted to war efforts.

Silver $SLV:

NA

Crude Oil $USOIL $WTI:

#IEA >>More oil on the market than last year, a report finds

HEDGE FUNDS’ ratio of long to short positions in NYMEX WTI rose to 5.4:1 on Apr 11 from 3.6 prior week and recent low of 3.1 on Mar 28

Seasonality. Crude oil. $USOIL $WTI $CL_F #Crude #Oil

U.S. Oil Rig Count Climbs to Highest in Almost Two Years

WTI producers have trimmed their net short position in 2017 (mainly through more long exposure)

Volatility $VIX:

$VIX Market Bottoms ? …. Is A Market Bottom Near? Watch For A VIX Spike Reversal – blog by @hedgopia
$SPY $VIX $VXX

Stat Of The Day>Record $VIX Term Structure Skew: 1Mo/3Mo (VIX/VXV) @ Extreme High;8-Day/1MO (VXST/VIX) @ Extreme Low

$SPY S&P 500 / $SPX:

A number of notable short-term extremes suggest $SPX is near a point of reversal higher.

$NG_F Natural Gas:

NA

Live Trading Chat Room Video Raw Footage and Transcript:

Two Part video (Part 1 embed is below and go to Compound Trading Youtube channel for Part 2 of live feed from day and other charting from the day)


 Compound Trading Stock Chat-room Transcript:

Please note: Miscellaneous chatter removed from transcript and some discussions I will add notes with information I’ve gleaned in discussions online with traders on DM etc also for further explanation (noted with *). Most days at 9:30 ET market open there is moderator live broadcast explaining trades and at times during the day there is also live broadcast market updates and trade set-up explanations (so you have to scroll through video feed to market open etc to catch live broadcast portions – in future we will note in in transcript when we are on the mic so viewers can correlate time with transcript with video feed when reviewing trades). 

Note: We are testing a new trading room. This particular room does not list a time stamp with each chat entry – we are working on a fix. Also, please note, sometimes pieces of the transcript are missing (also something we are working on). But the video is raw and complete.

NOTICE: I AM SO UPSET because Sartaj and I both forgot to copy the transcript mid day – the stupid platform we are testing requires us to copy and paste it so we have a copy for this everyday. They don’t have an automatic back up. Stupid. Anyway, so we have to literally copy and paste a copy every two hours or it’s gone forever they say. Dumb. The point is we missed most the morning by the time we did it. But of course there is the video above. Ugh.

Sartaj: I know Curt is with me on this one, but if you are in here just to follow trades, you are likely in the wrong room
Sartaj: Welcome, David
Sartaj: I might also add that the Post-Market Report includes a chat transcript, which is disseminated over social media and on the blog (www.compoundtrading.com/blog) everyday after-hours, as well as a full video on our youtube channel of the broadcast day
Sartaj: So you have a couple of options in terms of being able to read when entries and exits were on trades
Curt M: $LIGA http://finance.yahoo.com/news/lig-assets-inc-announces-creation-164349498.html?.tsrc=rss
sspeixc572: The wrong room?!?! The great trade results on your home page is what attracted me in the first place.
Sartaj: You misunderstand me. You can watch the lead trader perform trades, that’s your prerogative, but there are a slew of reasons why we don’t encourage members to just sit there following the alerts. The trade results are meant to highlight the application of the trading discipline being applied here. So yes, while they may be attractive, it’s not an excuse to discard your own sense of risk management, what kind of positions you’d like to take, etc.
Curt M: $LIGA So bullish
Sammy: Taking a long on break-out if it comes here intra
MarketMaven: It is a decent set-up with news and lots of room
sspeixc572: You misunderstand me. At know point have I ever endorsed discarding my own sense of risk management or what kind of positions I’d like to take.
sspeixc572: know = no
Sartaj: And as you can see, part of it is contributing to the discussion – although that is optional, of course. I’m just being upfront with you that you can’t expect the proverbial pump-and-dumping that other chat rooms are privy to. We bring in guest analysts, run chart reviews like the one you just saw, review algorithmic charting as appropriate. We have had a problem with the nature of some of our members’ goals in the past
sspeixc572: Well that sounds good.
lenny: $CBLI super bullilsh too wow
Sartaj: Glad we cleared the air there, then. We are more than happy to help, but the last times we have had people asking about alerts, there was a huge gap in what their expectations were from us. Just FYI, so, didn’t mean to assume there
Curt M: The vol is decent too and Stoch RSI pointing up guys wow
Curt M: Watch the 100% mark
MarketMaven: Running that long on confirmed break of 100%
Curt M: $INFI watch for that Stoch RSI to turn up – very bullish also here
Sartaj: Let me know if you ever need help finding anything, I know it can be a lot of navigate through sometimes: [email protected]
MarketMaven: Starting long test position $LIGA for break 10% size
Sammy: Long $LIGA also same format as Maven
Curt M: Things just got bullish it seems
sspeixc572: Bought some LIGA .0074
Curt M: Starting to leg in with you guys on $LIGA small and not alerting until it confirms and I hit it for real
Curt M: It’s gonna go, its just a matter if its today or not
Curt M: Some of the longer term holders may have to rotate out with profits – or not – I guess we’ll see
Flash G: Even though I don’t trade OTC it does say bull
Flash G: MACD is up on daily guys and gals
lenny: $CERU tape action but not my things
lenny: Stoch RSI on 3 min on $LIGA says maybe some down before up and if so I’ll hit my major entry when it hits bottom and curls (if it does today)
Flash G: Opening new long position in $TOL
Flash G: 1/4 size on swing $TOL – add on dips
OILK: Looking for entry on $PLUG for an overnight
OILK: $AAPL car $NEON maybe too CNBC
Sammy: Stoch RSI gonna curl up here on 3 min on $LIGA – may be time to wack it soon here.
Flash G: $SNAP at technical support
Flash G: Curt, your $BA call a while back on swing platform was perfect timing FYI
Flash G: Looks like they’re millkking the sentiment angle well
Flash G: Savvy did you go short?
sspeixc572: In ELED for a quick bounce
Flash G: Curt, ,our $AMZN…. thinking I my lighten 30%. What a fantastic trade,
MarketMaven: Long $CBLI 3000 3.146
Don: $PLUG looks reslly good here
Curt M: Looks to me like Tuesday is the big break-out day. Everything setting up today.
Flash G: Yes, that’s what is most likely.
sspeixc572: My ELED pick doing spectacularly so far
Curt M: Slowest day in a long time for me.
Curt M: Nice work on $ELED
sspeixc572: thanks!
sspeixc572: Will probably sell at/near VWAP
Curt M: VWAP may stop it but hmmm good play for sure
MarketMaven: Yepp
Sammy: $SCON on the move today but not aggressive on the move
Ned: $SCON b/o looks real
MarketMaven: 2:30 need some plays soon or it’s plan for tomorrow $STUDY
Ned: true
Sandra: been a $STUDY all day for me lololol
Flash G: slowest day we’ve had in the room has – have some decent earnings chart set-ups ready tho
Flash G: should be some good swing trading entries this week on earnings
Flash G: $SPY trading sure looks like a confirmation for higher tomorrow IMO
MarketMaven: $LEDS and $SCON high on my watchlist now.
Sammy: $SCON tape is interesting Maven
MarketMaven: I was just going to say ADDING $CLBI
MarketMaven: Power hour may as well give it a whirl
Curt M: Really consistent price action Maven good call on it
OptionSavvy: imo SPY anything less than about 234.50 is a sell
Flash G: $PTI new HOD
Flash G: thought you might like that Len and Maven
OILK: In $PTI
OILK: for a while now
OILK: Wn’t hold it o/n
Curt M: Looking at an add to $DUST
Curt M: Long $DUST 25.19 500 shares add 1/5 for 2/5 size
Curt M: Wow great play on $CLBI you guys wowo!!!
MarketMaven: Finished my third at at 3.50 s – best trade of the month thanks!
Sammy: $CLBI paying bills nice surprise
MarketMaven: All out $CLBI BTW yee f n ha ha nice win
Sammy: same
lenny: Ya great trade for sure and out
sspeixc572: Is $LIGA ever going to make a move before the close?
Curt M: I doubt it
Curt M: Likely a wait and see until tomorrow or Wed IMO – but no crystal ball lol
Curt M: I like it though but ya
Don: Holding 50% $CBLI guys to see if I can get a little more
Don: oh nice its goin
Don: Rolled some of my gains it to $SCON
MarketMaven: Us tooo Don $SCON $LIGA and watching a few others
Sammy: same story here
Flash G: RUnning as a pack has served you guys well for some time.
Curt M: Well…. without giving away any names there’s a group in here if you check back on the transcripts are up well over 200% this year. Not bad I must say. 4x my ROI.
Curt M: I just tweeted it lol
Curt M: you guys deserve some praise i would say – very humble
MarketMaven: Good vibes.
Flash G: Curt, long $NFLX before close:)
Curt M: I don’t do that.
Don: Time to pull shoot on $CBLI KAPOWZA WOWZA out and done.
MarketMaven: Well done:)
Curt M: $WILN Halt
MarketMaven: well thats all folks! Tomorrow!
Flash G: Bye Maven
Flash G: Tomorrow all.
Curt M: Yes, have a great evening.
lenny: Fantastic day!
lenny: $CBLI close is crazy ha
Sammy: yesssss

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Article Topics: $CBLI, $HTGM, $LIGA, $MMEX, $USOIL, $WTIC, $DWT, $GLD, $DUST, $GDX – $UGAZ, $DGAZ, $NUGT, $DUST, $USLV, $DSLV, $UWT, $DWT, $JNUG, $JDST, Compound Trading, Learning, How To, Trade, Trading, Educational, Lessons, Results, Wall Street, Stocks, Day Trading, Swing Trading, Investing, Chat Room, Trading Results, $GLD, $GDX, $USOIL, $WTIC, $USD/JPY, $SPY, $DXY, $VIX, $GC_F, $USO, $UCO, $SCO, $CL_F, S&P 500


S&P 500 $SPY Trade Update Monday April 17, 2017 $ES_F ($SPXL, $SPXS) Algorithmic Charting Observations

Good morning! My name is Freedom the $SPY Algo. Welcome to my new S&P trade report for Compound Trading.

$SPY is still trading within the range of its previous highs (which we alerted prior) and its low extension predicted.

Live $SPY Chart representing current extensions:

https://www.tradingview.com/chart/SPY/BOFWh4kY-S-P-500-SPY-Symmetry-price-target-extensions-trade-quadrants/

https://www.tradingview.com/chart/u1VTCkL0/

S&P 500 $SPY Symmetry price target extensions, trade quadrants, Fibonacci. Trade Charting Mon April 17 708 AM $ES_F $SPXL, $SPXS

$SPY, Chart

S&P 500 $SPY Symmetry price target extensions, trade quadrants, Fibonacci. Trade Charting Mon April 17 708 AM $ES_F $SPXL, $SPXS

Conventional $SPY Charting for Intra-Day Trade:

Simple Charting $SPY Daily MACD turn down, Stoch RSI turn down SQZMOM red, price under 50 MA with 20 MA cross down 50 MA possible. $SPXL $SPXS #SwingTrading

$SPY, Chart

Simple Charting $SPY Daily MACD turn down, Stoch RSI turn down SQZMOM red, price under 50 MA with 20 MA cross down 50 MA possible. $SPXL $SPXS #SwingTrading

Per previous report:

$SPY lost 50 MA but still has bottom of channel. If it holds channel and SQZMOM turns green and MACD crosses up and Stoch RSI crosses up it’s long.

If it doesn’t hold channel it’s a short until the indicators listed above cross up.

Live chart link: https://www.tradingview.com/chart/SPY/SUOvJMYt-SPY-lost-50-MA-but-still-has-bottom-of-channel-If-it-holds-cha/

$SPY, Chart

$SPY lost 50 MA but still has bottom of channel. If it holds channel and SQZMOM turns green and MACD crosses up and Stoch RSI crosses up it’s long.

Notes with respect to $SPY Price Extensions and Targets

Recent Trade – $SPY price action has been hitting our upside price extension targets for a number of weeks now. The chart above includes the price extension targets for upward and downward trade.

Recent trade has $SPY confirmed the lower extension price target given in the last report also! Trading just the price targets we have provided on the upside and downside has proven a very profitable signal.

Fibonacci – The Fibonacci levels have been predictable so we are leaving them as they are.

Trading Quadrants – The trading quadrants have been moderately predictable – we are leaving them as they are for now.

Symmetry Extension Targets – The extension price targets we have published the last number of months now have hit the price targets to upside and downside near perfect so they are becoming very predictable! Trade the outside ranges for optimum return and predictability.

Most probable downside price target if trade is in a downtrend is in 229.24 area before a decision.

Most probable upside price target if trade is in an uptrend is in 237.24 – 237.50 area before a decision.

Time / Price Cycles – There are currently no significant cycles in the charting.

Trading Bias – PER LAST REPORT – This is a considerable warning because price has not traded above previous high since we alerted members to this divergence in the algorithm: Current bias is to the upside target, however, there is a divergence in the upward trade extension makes the target a double topped target, which is divergent from recent trade, which does cause us to pause.

Good luck with your trades and look forward to seeing you in the room!

Freedom the $SPY Algo

Article Topics: Freedom, $SPY, Algo, Fibonacci, Stocks, Wallstreet, Trading, Chatroom, Algorithms, $SPY, $ES_F, $SPXL, $SPXS


Compound Trading Thursday April 13, 2017 Review of; Chat Room Stock Day Trading, Swing Trading, Algorithm Chart Trading and Live Stock Alerts. $OCRX, $NVET, $CALI, $USOIL, $WTI, $DWT, $GLD, $XIV, $VIX – $DUST, $ONTX, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI etc …

Intro:

Compound Trading is a trading group active in day trading, swing trading and algorithmic model charting (black box).

Time stamped entries (in permanent archive) copied to this blog are direct live log chat from chat trade room as they occurred (random chat not applicable is deleted from transcript below but raw video footage is as it occurred – uncut). Chat trade room is recorded daily for trade archive (embedded below and available on our YouTube channel).

In addition to chat, this trade-room has live voice broadcast (that covers in detail what indicators we are looking for in and out off each trade. Typically at market open and for chart review during lunch hour at minimum) and has live chart screen sharing right from our monitors. At times guest traders and associate traders will screen share charting and/or voice broadcast.

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/ .

Notices:

Most recent lead trader blog posts:

Trading Checklist (Rules) I Follow Before Triggering. Part 2 of “Freedom Traders” Series.

Now I’m Inspired! My Guarantee to Struggling Traders (and Yours). Part 3 “Freedom Traders” Series.

Yesterday’s Post Market Trading Results can be found here:

Today’s Premarket Trading Plan Watch-list can be found here:

Most Recent Swing Trading Simple Charting can be found here: Swing Trading Simple Charts (Public) Apr 16 $SPY, $VIX, $USOIL $WTIC, $GLD, $GDX, $SLV, $DXY, $USDJPY, #GOLD, #SILVER

Premarket watch-list for me was all about: 

$OCRX $STAF $EYES $AAOI $TVIA

$OCRX Premarket Chart

$OCRX Premarket up 40% on news.

In play today in chat room and on markets:

Premarket was in $OCRX $STAF $EYES $AAOI $TVIA and then on the day it was $NVET, $CALI, $STRM, $VSTM and a few others. I didn’t trade any day-trades but did some Swing Trading management on that platform.

On the OTC side my $LIGA call was playing out well.

Also on top of $USOIL, $WTI intensely of course because I am in $DWT and Gold $GLD because I am in 1/5 small position in $DUST and $XIV, $VIX, $SPX, $SPY play getting interesting to me so watching very closely.

How-to Trade Stocks, Lessons and Educational:

It’s not about picking the right stocks. Focus should be mechanics of the trade – indicators for entry, exit, sizing, timing, trailing etc.

What a great post ???⤵ #trading #success

“Rules Based Approach” If there was only one thing I could drive home w/ new traders (that I speak to all day every day) is this one thing.

Never blame, never complain, never lack gratitude for the opportunity to learn. Be a good loser, dust off and move on to the next trade.

Stocks, ETN’s, ETF’s I am holding:

I am holding (in order of sizing – all moderately small size to micro sizing) – $DUST, $DWT, $XIV, $ONTX, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI (this is the daytrading portfolio and does not represent swing trading service portfolio): Looking at moving out of all these small positions over the next month or so.

Note-able Momentum Stocks Today (via FinViz):

Ticker Last Change Volume Signal
NVET 6.62 63.46% 1675615 Top Gainers
CALI 2.99 25.10% 5173259 Top Gainers
OIBR-C 6.73 19.54% 19104 Top Gainers
CO 8.01 15.09% 971070 Top Gainers
STRM 1.31 14.20% 821419 Top Gainers
VSTM 1.85 14.20% 1075600 Top Gainers
IMNP 2.55 1846.56% 326704 New High
NVET 6.62 63.46% 1675615 New High
CO 8.01 15.09% 971070 New High
MDXG 10.74 8.48% 4540807 New High
STRP 91.70 -0.33% 326559 Overbought
NVET 6.62 63.46% 1675615 Overbought
NVET 6.62 63.46% 1675615 Unusual Volume
SRNE 1.80 -38.98% 9131264 Unusual Volume
SPU 2.94 -44.84% 2244165 Unusual Volume
RORE 15.43 -0.06% 88200 Unusual Volume
CPE 12.51 -4.72% 7838100 Upgrades
APOG 50.72 -12.67% 2068900 Earnings Before
APO 25.62 -0.70% 2800200 Insider Buying

Market Outlook:

Our futures?⤵

#earnings $BAC $NFLX $GS $UNH $JNJ $IBM $GE $QCOM $VZ $SCHW $MS $CUDA $BX $PGR $V $MTB $HOG $ABT $UAL $CMA $RF $USB ⤵

Selling ahead of tax day is normal. So is a bounce after. We discuss here ….

Algorithm Charting News:

⤵ That tweat cause our $SPY algorithm warned us /members TWO WEEKS before last high we’d not return to high for some time?? @FREEDOMtheAlgo

⤵Epic nailed the top when the world was screaming this. @EPICtheAlgo

I wouldn’t get too excited long $SPY $ES_F $USOIL $WTI etc. until most recent highs are taken out and confirmed.

The Charting Algorithm Twitter feeds can be found here: $WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index).

Swing Trading Notes / News:

When I started talking leaning in to oil related short 4 days ago LOT of people, well you know. EPIC the Oil Algo ?? $USOIL $WTI $CL_F #OIL

The Swing Trading Twitter feed is here: https://twitter.com/swingtrading_ct.

US Dollar $DXY $USDJPY $UUP & Currencies of Note:

NA

Gold $GLD $XAUUSD

$GLD: SPDR Gold Shares Testing Post-2011 Down Trendline (linear scale) $GC_F

Keeping it simple doesn’t hurt??⤵ #Gold $GLD $XAUUSD $GC_F #Commodities

Gold Miner’s $GDX:

For those buying GDX on war concerns. Gold production tends to collapse during wars. Resources diverted to war efforts.

Silver $SLV:

NA

Crude Oil $USOIL $WTI:

#IEA >>More oil on the market than last year, a report finds

HEDGE FUNDS’ ratio of long to short positions in NYMEX WTI rose to 5.4:1 on Apr 11 from 3.6 prior week and recent low of 3.1 on Mar 28

Seasonality. Crude oil. $USOIL $WTI $CL_F #Crude #Oil

U.S. Oil Rig Count Climbs to Highest in Almost Two Years

WTI producers have trimmed their net short position in 2017 (mainly through more long exposure)

Volatility $VIX:

$VIX Market Bottoms ? …. Is A Market Bottom Near? Watch For A VIX Spike Reversal – blog by @hedgopia
$SPY $VIX $VXX

Stat Of The Day>Record $VIX Term Structure Skew: 1Mo/3Mo (VIX/VXV) @ Extreme High;8-Day/1MO (VXST/VIX) @ Extreme Low

$SPY S&P 500 / $SPX:

A number of notable short-term extremes suggest $SPX is near a point of reversal higher.

$NG_F Natural Gas:

NA

Live Trading Chat Room Video Raw Footage and Transcript:

Two Part video (Part 1 embed is below and go to Compound Trading Youtube channel for Part 2 of live feed from day and other charting from the day)

 Compound Trading Stock Chat-room Transcript:

Please note: Miscellaneous chatter removed from transcript and some discussions I will add notes with information I’ve gleaned in discussions online with traders on DM etc also for further explanation (noted with *). Most days at 9:30 ET market open there is moderator live broadcast explaining trades and at times during the day there is also live broadcast market updates and trade set-up explanations (so you have to scroll through video feed to market open etc to catch live broadcast portions – in future we will note in in transcript when we are on the mic so viewers can correlate time with transcript with video feed when reviewing trades). 

Note: We are testing a new trading room. This particular room does not list a time stamp with each chat entry – we are working on a fix. Also, please note, sometimes pieces of the transcript are missing (also something we are working on). But the video is raw and complete.

Optionsavvy: gm
Optionsavvy: I am looking for a calculated buy off yesterdays low as support. Mkts need to open near here or the RR wont be in my favor
Optionsavvy: UVXY also at a top of range here which supports a short VIX and a long mkts
Flash G: morning
Optionsavvy: Mkts closed tomorrow so watch your options exp
lenny: Good morning! Shopping day.
eddie: morn
Curt M: Protected: PreMarket Trading Plan Thurs Apr 13 $OCRX $EYES $AAOI, $SPY, $GLD, $GDX, $USOIL, $WTIC Link: https://compoundtrading.com/premarket-trading-plan-thurs-apr-13-ocrx-eyes-aaoi-spy-gld-gdx-usoil-wtic/  PASSWORD: PRE0413
Curt M: Open watchlist: $OCRX $STAF $EYES $AAOI $TVIA on mic at 9:28 for open >>>>>>>>>>>>>>
Curt Melonopoly: $OCRX http://finance.yahoo.com/news/ocera-therapeutics-announces-presentation-data-200500336.html?.tsrc=rss
Curt Melonopoly: $EYES http://finance.yahoo.com/news/second-sight-argus-ii-retinal-110000258.html?.tsrc=rss
Curt Melonopoly: $AAOI http://www.marketwatch.com/story/the-cloud-boom-is-still-raining-money-on-optical-networking-companies-2017-04-12?siteid=yhoof2&yptr=yahoo
lenny: Looks calm. Some fear perhaps.
Curt M: Snowing here. Mountain snow. Huge flakes.
MarketMaven: Ut sucks.
MarketMaven: SNowboarding this weekend:)
mathew: Hey curt, here’s a VIX chart with levels to watch http://tos.mx/4qaoMO
MarketMaven: Thanks Mathew – he’s outside doing something.
MarketMaven: Mad.
MarketMaven: Snow.
Curt M: Back
Curt M: Thanks
Optionsavvy: Snow?
Optionsavvy: ha ha whats that ?
mathew: With the VIX I like to keep charts simple and only chart major levels. Im watching to see if we can make it to that down trend which I doubt but that would be a vol short for me
Curt M: Piss me off
Curt M: Surfer stuck in mountain snow land
Optionsavvy: what a difference a day makes. IWM short was money yesterday because it was weak. today is strong on rel basis so will be my long if I try at open
Cara: uck
mathew: /NG on a ripper from yesterdays lows
Curt M: $BLTO halt
Optionsavvy: long $QQQ here
Flash G: $DIS bullish tape
mathew: Short term gold shouldn’t have much room to the upside here with large divergences from real rates. More war premium can pop it but I’m cautious on gold. Miners have also played like crap thus far in the most recent run
Sammy T: all over $LIGA since last week it will be a multi bagger
Sammy T: lens in it to
Flash G: Adding to $BABA swing today
Flash G: Possibly $QQQ
Curt M: $XLNX scanner firing off on this
Curt M: We have a new 200 MA scanner coming out FYI – our coding
Optionsavvy: taking off half QQQ calls +100%
Curt M: nice
Curt M: MACD turns up on $XLNX on daily I’ll likely take it long
Flash G: $QCOM MA chatter on $XLNX
Flash G: $SHOP has chatter also
Flash G: You might be right about NASDAQ next week Curt.
Hedgehog Trader: what about Nasdaq next wk?
Hedgehog Trader: morning gents
Hedgehog Trader: and lasses
Curt M: Looking at adding to $XIV late today. Also looking at possibly adding to $DWT. And some tech stocks.
Curt M: Hey Nich.
Curt M: Next week I was saying I’m bullish $SPY and NASDAQ
lenny: $RTTR multi bagger on the way
Hedgehog Trader: yup and we have an astrological reason to start being bullish next week – Venus which also governs business and relations (think geo tensions) ends a 6 week retrotgrade period on Saturday
Flash G: $AAPL chart repairing
Curt M: Agreement is powerful.
Flash G: $NFLX chart repairing
Flash G: I think you guys hit it on the head. Next week could be very big.
Curt M: 10:03 Off mic – no momo plays – scanning – will do chart review at 12:00 EST – 1:00 EST in preparation for next week >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Hedgehog Trader: Curt, one of my forecasts on $IWC microcap index shows a very high magnitude one month move after Apr 17th

Curt M: Nice
Hedgehog Trader: so my guess is we see pressure relieved and a huge rally
Curt M: Lets review charts over lunch if you can (any you like) for next week set-ups. List them here if you got em everyone.
Curt M: Hedge is on it:)
MarketMaven: GOOD I need some momos
Hedgehog Trader: what may surprise some is that i do think the miners will also rally
Optionsavvy: out QQQ .44 2nd half from .12 +266%
MarketMaven: Banka!
MarketMaven: haha congrats savvy!
Optionsavvy: 🙂 my day is done. will look for setups for you guys though
Hedgehog Trader: very savvy Savvy!
Curt M: Nice way to cap the week Scott
Optionsavvy: ty ty
Curt M: Look at $XLNX bull power
Optionsavvy: ENTL on scan
Optionsavvy: prob more of a reversal / swing 1-2 weeks
Optionsavvy: these gold names still all over my scans
Optionsavvy: TRX candian miner coiled up off lows
Optionsavvy: Canadian even
Hedgehog Trader: $THM
Optionsavvy: eyeing IWM short but going to be a small pos
Optionsavvy: missed it
Flash G: I took the entry on $XLNX – looks good
MarketMaven: haha they’re going to run the china plays
MarketMaven: all over the scanner
lenny: $RTTR is going to rip in to next week – adding here
Flash G: Every tech name I follow is repairing or about to rip as you say.
Optionsavvy: saw a few china plays on my scan this morning Maven. I discard them because I dont trade them but let me see whats on there
MarketMaven: 🙂
Optionsavvy: JMEI not bad
Optionsavvy: http://www.finviz.com/screener.ashx?v=211&f=geo_china,sh_avgvol_o50,sh_price_u15,sh_relvol_o1.5,ta_perf_dup&ft=4
MarketMaven: I know theyre all junk
MarketMaven: sometimes i will just scalp em
Flash G: $SHOP break out likely to hold IMO
MarketMaven: Careful with $ZENO
Flash G: Curt, $SPY may turn up here – its possible.
Flash G: If it does that may be the trigger for the buys for next week instead of waiting until EOD.
Curt M: I think I’ll wait – but it looks decent.
Curt M: Its got the 20 MA up through the 200 on the 3 there
Curt M: SQZMOM not confirming
Optionsavvy: SPY at hard res 234.35 imo
Curt M: agree
Optionsavvy: next res above have marked is 234.15
Optionsavvy: oops 235.15
Curt M: yup
Optionsavvy: SPY trying
Curt M: there was a decent block there just now
Optionsavvy: mkts going to run now. my QQQ is HUGE now oops
Optionsavvy: DOW might get a bump here next major res 20745
Flash G: All my charts repaired in Tech and some on DOW too now.
Optionsavvy: move failing. may try some IWM puts now
Sammy T: $URRE tape coming alive
Optionsavvy: that auto loan default comment on your feed sounded a LOT like what they were saying in 05-07 about housing. its an asset and has a tangible value. think we all know how that worked out
Sammy T: yes
Flash G: Doesn’t look good the autos. Canadian housing prices too.
Flash G: Toronto and Vancouver.
Flash G: $GOOGLE strong now
Optionsavvy: cyclical trade would be short GM and F . auto values will collapse and noone buying anything
Flash G: $SPY still might take off from here.
Flash G: 50 MA about to cross up through 100 on the 3 there you never know
Optionsavvy: imo DOW would have to get moving for anything meaningful to happen today
Flash G: Thats a fact
Optionsavvy: starting to look like I’m heading to golf course early 🙂
Flash G: Well enjoy! I will be in the scotch at 1PM for an early tip.
Optionsavvy: this AXSM is setup nicely. got long it early in the week but might cut it loose if it doesnt wake up soon
MarketMaven: haha I’d like to see you take a puff Flash
MarketMaven: that would be funny
lenny: $CERU hit scan
lenny: $ESEAS gets a buy rating
lenny: $CNBX adding here
Optionsavvy: ok stepping away for a bit. stop back later GL all
Curt M: k
Flash G: Going for lunch
MarketMaven: Me too
Curt M: Theres not enough juice in the market to do chart reviews today so I am setting that off to first day back next week.
Sammy T: I agree.
Flash G: Thats good because I want out early I think.
Flash G: Still convinced SPY take off soon.

Sammy T: on lunch
Curt M: $USRM 5MM Funding news
Hedgehog Trader: $THM volume picking up (Alaskan goldie like $NAK)
Hedgehog Trader: i wonder if $LIT fills the gap before the next run begins
Flash G: Like $LIT
Hedgehog Trader: platinum trading at a good discount to gold $PPLT
Hedgehog Trader: miner $PLG a nice entry
Sammy T: so slow
Flash G: $TSLA
lenny: Curt – your $LIGA call hit.
MarketMaven: yup thats a good one – still in
Curt M: yepp
lenny: BLDP HOD
lenny: $CBIS +35%
Flash G: $TSLA the start f the ramp imo. Then $GOOGL and the others between close now and Monday EOD and all repaired.
Flash G: my theory
Hedgehog Trader: folks look at that MJ breathalyzer play i mentioned yesterday $BLOZF
Hedgehog Trader: volume increasing and a spike earlier
Hedgehog Trader: going to really run
Curt M: Looked at it last night
Curt M: Its bullish
Sammy T: ya nice chart
Flash G: I kept chearing for it but no luck today:) $SPY
MarketMaven: Positive man. Who knows maybe Monday if more bombs don’t go off.
Hedgehog Trader: Venus retrograde ends Saturday, so i expect hostilities to wind down
Sammy T: awesome
Hedgehog Trader: yeah it’s been going on 6 weeks so i think we’ll start to see better business news and improved foreign relations, translating into a big mkt rally as a sigh of relief
Hedgehog Trader: is exhaled
Curt M: Thats what I’m expecting Nich. Tough day to get grip. I did lots of swing trade babysitting but no daytrading.
Hedgehog Trader: yeah a good day to sit on the deck with a drink
gary y: I like this chat better than the tradinview one lol

Curt M: haha
Curt M: a lot of chatter
gary y: they’re all over the place
Flash G: Was going to say.
Shafique: I should jump in an rattle their chat once in a while.
Shafique: actionable is better
Hedgehog Trader: mmmm chocolate cake
Sandeep: Speaking of action… I took your $LIGA call Curt – like it a lot and I like $BLOZF thanks Nich
Hedgehog Trader: cool Sandeep, it’s been showing great relative strength BLOZF
Hedgehog Trader: vs sector
Hedgehog Trader: plus, it’s essentially a technology play with little risk regarding actual MJ
Sandeep: great
Sandeep: actionable is better too I agree
Sandeep: as the chat grows try and keep it that way
Curt M: yes
Curt M: in slow times I’ll feature chat rooms from around the world on the monitor lol for laughs
Curt M: but actionable I agree is the nly way when you’re in it to win it
Hedgehog Trader: emerging mkts are also strong i love $GREK
Hedgehog Trader: it completed a long 4-5 year bear mkt and has been consolidating since
Hedgehog Trader: but it’s been edging higher and is set to break out
Hedgehog Trader: you’ll never see a CNBC special on buying Greece guaranteed lol
Curt M: ha
Hedgehog Trader: i imagine we’ll see Gartman shorting the entire world by week’s end
Hedgehog Trader: long term charts of $GREK and $NBGGY look ready to do some serious rampaging
Hedgehog Trader: $THM major volume
Hedgehog Trader: now over 50 dma
Hedgehog Trader: mentioned it yesterday
Curt M: $IMGN one of the only good looking charts from the leaders today IMO
Curt M: even that isn’t great
lenny: $RTRR for Monday
eddie: off to buy eggs:) see ya mon
Curt M: cya eddie good to have ya back
Hedgehog Trader: ciao Eddie
Curt M: Well theyre going to leave $SPY on the pivot:)
Curt M: cya monday folks have a great easter
MarketMaven: bye bye
Hedgehog Trader: bye MM gary Curt
gary y: see you later

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Article Topics: $OCRX, $EYES, $NVET, $CALI, $USOIL, $WTI, $DWT, $GLD, $XIV, $VIX – $UGAZ, $DGAZ, $NUGT, $DUST, $USLV, $DSLV, $UWT, $DWT, $JNUG, $JDST, Compound Trading, Learning, How To, Trade, Trading, Educational, Lessons, Results, Wall Street, Stocks, Day Trading, Swing Trading, Investing, Chat Room, Trading Results, $GLD, $GDX, $USOIL, $WTIC, $USD/JPY, $SPY, $DXY, $VIX, $GC_F, $USO, $UCO, $SCO, $CL_F, S&P 500


I Just Received an Email From a Struggling Trader That Has Inspired a Change. I’m Pumped. Here’s My Guarantee and Yours in Return to Get You in to the Freedom Traders Club.

This is Part Three of the “Freedom Traders” Series – How I Learned to Get Over the Wall and What May Help You.

There are links at the bottom of this post to Part 1 : My Personal Stock Trading Story. How I Blew up Two Accounts and Then Learned How to Trade and Part 2 : Trading Checklist – Rules I Follow Before Triggering.

Introduction:

“To win consistently, a trader has to have a plan (a system) – that contains rules, controls losses (risk) and keeps emotions checked in at the door.”

Okay, so something big happened to me today while working on my charting set-ups for the week. A struggling trader sent me this email;

“Hi Curt I am trading for five years now with little success.I have continued my research which has brought me to compound traders doorstep.I have a decent understanding of the markets but not to the levels needed to trade successfully week in week out.Can I make profits using your live trading room/alerts bundle while taking time to learn your methodology along the way.I am a hard working student who learns quickly.”

WOW, what an email. Something clicked in me. FIVE YEARS! Unbelievable tenacity! And limited results? That should not be so I thought. Okay, but I can relate, I have had my own struggle. So here was my response;

Hi ______

You put 3 months in to our room (if time allows) and if not review daily room videos and pre and post market newsletters and I’ll guarantee you will become a profitable trader. But, you would have to follow the rules. You follow the rules (indicators) and you don’t make money I’ll refund you personally. And… you’d have to send me every entry and exit so I could check that you’re following the rules and preferably send me a daily trade plan (showing how the rules line up with your trade plan). There’s a video from Thursday mid day market review coming out in next 24 hours that explains the rules (indicator set-ups) clearly to follow.

Curt

Update: Here’s the video as an example of indicators – chart set-ups (and our next post in the Freedom Traders series will go in depth on the specific indicator set-ups).

So What’s The Big Change? The Realization.

So I realized a problem in my approach. When we first started Compound Trading we knew that we had very sophisticated big data mad scientist math figured out and that we had in fact cracked Wall Street. Yes I know, I know… sounds nuts but we can prove it. Anyway, the point is that this “cracking the code” or better described as cracking what the big trading firms are doing to bring massive returns (the ones that are).

BUT! You first need to understand how to trade the fundamentals. Our mad science stuff does absolutely nothing for the learning trader! The discipline and the know-how (the chart set-ups, the indicators) are key for the learning trader. That’s what first gets the struggling trader over the wall!

So how am I going to pivot to that? Let me explain in short.

Here’s My Pivot… A New Commitment and Format

So all the mad science stuff will continue because frankly we have many large traders and the like that rely on that and that’s now my life’s work. But that doesn’t mean I can’t pivot in that I bring a focus to the learning trader and the fundamental indicators and chart set-ups that cause a trader to win.

So here’s what I am going to do going forward:

  • I will be doing premarket chart set-ups (reviewing charting indicators) at 9:00 AM every morning in the room.
  • I will be trying to get as many of the chart set-ups for the standard indicators I preach about in my premarket trading plan (can be tough because premarket moves fast). Just getting a premarket report out in time is very hard.
  • I will be doing a mid-day chart set-ups review in the room everyday between 12;00 – 1:00 EST. Very specifically looking at the indicators I talk about all the time and specific chart set-ups.
  • In my post market report I will carve out and focus on the chart set-ups also.

So in other words, I will start to focus clearly for the learning trader specifically on these in a very detailed way and document the whole process.

And should a struggling trader work with me on it, I’m even gong to guarantee results (of course the trader has to reciprocate some accountability).

Here’s My Guarantee and Yours in Return

I let the cat out of the bag above obviously when I shared the email, but here it is. Sign up for our trading room bundle and print this and post it on your wall above your computer.

My Personal Guarantee

You put 3 months in to our room (if time allows) and if not review daily room videos and pre and post market newsletters and I’ll guarantee you will become a profitable trader. But, you have to follow the rules. You follow the rules (indicators) and you don’t make money I’ll refund you personally. And… you’d have to send me every entry and exit so I could check that you’re following the rules and preferably send me a daily trade plan (showing how the rules line up with your trade plan).

To do this (follow-through with the plan) review these regularly (can be done anytime because we publish all reports and videos of everything):

  • Premarket chart set-ups (reviewing charting indicators) done at 9:00 AM every morning in the room.
  • Chart set-ups for the standard indicators in premarket trading plan (as may be made available).
  • Mid-day chart set-ups review that will be done in the room everyday between 12;00 – 1:00 EST. Very specifically looking at the indicators I talk about all the time and specific chart set-ups.
  • Post market report specific to chart set-ups.
  • Send me your entries and exits on email [email protected] or by DM so I can review and preferably your trading plan (when you can) in advance of taking a trade for review.

That’s my guarantee to the new trading wanting to learn. It’s a huge commitment on my part and requires yours also!

So Sign-Up and Lets Get Busy

Here’s the link! And there’s a discount on the home page too that you can use (I think it brings price down to approximately 76.00 per month (or less if you register for longer terms)..

Live Trading Room Bundle

Message me anytime with your story, questions or additions to this checklist. I will update this list over time.

Peace and best.

Curtis

 

Part 1 : My Personal Stock Trading Story. How I Blew up Two Accounts and then Learned How to Trade.

Part 2: Trading Checklist (Rules) I Follow Before Triggering a Stock Trade.

Part 3: Now I’m Inspired. A Struggling Trader That Inspired Change. 

Part 4: We Want (Need) You! Apply to Nearest Recruiting Station.

Part 5: Learn How to Trade Stocks (Build a Small Account) Following my Journey. 

Part 6 a: Trading Set-ups. How-To Develop a Systematic – Predictable Process.

Get up. Dust off. And never give up.

Article Topics; Freedom, Trading, Trader, Learning to trade, Stocks, Rules, Checklist, Profit, Chart, Setups.


Hello Swing Traders! Welcome to Compound Trading Swing Trading Keep It Simple K.I.S.S. Charting Review (Public Edition) for the Week of April 16, 2017!

This edition focuses on MACD, Stochastic RSI, Moving Averages, SQZMOM and a few others. 

Email us at [email protected] 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.

Notices:

Members please refer to the member publications for more detail and feel welcome to DM our lead trader on Twitter or email him with questions.

We published a new post yesterday that deals with a number of the tools needed to successfully swing trade the type of charts below:

Trading Checklist (Rules) I Follow Before Triggering. Part 2 of “Freedom Traders” Series.

Introduction:

My perspective of the markets can be summarized as go long when you can until it breaks (and I do believe there is a break on the horizon but it doesn’t do you any good to wait around for corrections). The “it can gap down” philosophy has not been on the winning side historically. So we swing trade with managed risk with stops and proper discipline.

Understanding what the simple indicators are for entry and exit in your trading position in a swing trade is critical – proper entries and exits can not only increase your win rate but also significantly impact your personal investment portfolio return on investment, thus a critical discipline to at least become moderately familiar. The buy and hold concept has served investors moderately well for some time, but even so, they could have do so much better with very little time invested toward the discipline of simple charting indicators.

Click here also to review our most recent Swing Trading Quarterly Performance Report.

Thanking you in advance.

This Week’s Simple Charts include MACD, Moving Averages (MA), Stochastic RSI and a custom Squeeze Momentum Indicator (SQZMOM) for the US Dollar, USDJPY, Volatility, Gold, Gold Miners, Silver, Crude Oil and the S&P 500. Below are daily charts.

$SPY Daily MACD turn down, Stoch RSI turn down SQZMOM red, price under 50 MA with 20 MA cross down 50 MA possible. $SPXL $SPXS

The 20 MA crossing down 50 MA with price under is not good, however, the PPT can be an equalizer.

$SPY, Chart

Simple Charting $SPY Daily MACD turn down, Stoch RSI turn down SQZMOM red, price under 50 MA with 20 MA cross down 50 MA possible. $SPXL $SPXS #SwingTrading

$USOIL $WTIC Daily MACD trend up, Stoch RSI turn down, SQMOM green, Above MAs. Previous highs an issue so far. MA’s mixed. $CL_F $USO $SCO $UWT $DWT

Indecision in price action #supply. Previous highs an issue so far. MA’s are mixed representing indecision. Needs a rumor.

$USOIL, $WTI, Chart

Simple Charts $USOIL $WTIC Daily MACD trend up, Stoch RSI turn down, SQMOM green, Above MAs. Previous highs an issue so far. MA’s mixed. $CL_F $USO $SCO $UWT $DWT

$USOIL $WTIC Aug 24 2016 MAs and indicators similar to now however. History ryhme? $CL_F $USO $SCO $UWT $DWT $UWTIF $DWTIF

Oil, Chart, $WTIC

Simple Charts $USOIL $WTIC Aug 24 2016 MAs and indicators similar to know however. $CL_F $USO $SCO $UWT $DWT $UWTIF $DWTIF

#GOLD Daily MACD trend up, Stoch RSI max, SQZMOM green, above 200 MA $GLD $XAUUSD $GC_F

The primary issue short term is that Stochastic RSI maxed. What’s after the top? Down of course. Short time-frame warning signal. #Gold

Gold, Chart

Simple Charts #GOLD Daily MACD trend up, Stoch RSI max, SQZMOM green, above 200 MA $GLD $XAUUSD $GC_F #swingtrading

#SILVER Daily MACD mod up, Stoch RSI near top, SQZMOM green turning down, above 200 MA. $SLV $USLV $DSLV

The Stoch RSI near top isn’t great but the 50 MA may cross to upside the 200 MA. If price is above when that happens could see pop.

Silver, Chart, $SLV

Simple Charts #SILVER Daily MACD mod up, Stoch RSI near top, SQZMOM green turning down, above 200 MA. $SLV $USLV $DSLV #swingtrading

#SILVER Daily Here’s what happened last time 50 MA crossed up 200 MA. $SLV $USLV $DSLV

Silver, Charting

Simple Charts #SILVER Daily Here’s what happened last time 50 MA crossed up 200 MA. $SLV $USLV $DSLV #swingtrading

$DXY Daily Indecision MACD pinch uptrend, Stoch RSI trend down, SQZMOM green, above 200 MA. $UUP $USD

MA’s mixed, could try a long at 200 MA test with Stoch RSI cross up confirming and price action power. Very mixed.

$DXY, USD, Chart

Simple Charts $DXY Daily Indecision MACD pinch uptrend, Stoch RSI trend down, SQZMOM green, above 200 MA. $UUP $USD #SwingTrading

$GDX Miners Daily Here’s the test! MACD up, Stoch RSI max, SQZMOM green, test 200 MA $GDXJ $NUGT $DUST $JNUG $JDST

Short term challenge is Stoch RSI maxed, not bad but not great. Advantage bulls goes to 20 MA about to cross up 50 MA with price above. $GDX

$GDX, Chart, Swing, TRading

Simple Charts $GDX Miners Daily Here’s the test. MACD up, Stoch RSI max, SQZMOM green, test 200 MA. $GDXJ $NUGT $DUST $JNUG $JDST

$GDX Miners Daily What happened last time 20MA crossed 50MA up. But further range then to 200 MA $GDXJ $NUGT $DUST $JNUG $JDST

$GDX, Charting, Swing, Trading

Simple Charts $GDX Miners Daily What happened last time 20MA crossed 50MA up. But fruther range then to 200 MA. $GDXJ $NUGT $DUST $JNUG $JDST

$GDX Miners Daily Jan 2016 when 20MA crossed 50MA price in uptrend with Stoch RSI trend down. $GDXJ $NUGT $DUST $JNUG $JDST

When price trends up and Stoch RSI trends down that’s when you HAMMER down! Especially on a daily. #RULE $GDX $GDXJ $NUGT $DUST $JNUG $JDST

This one indicator, if used in this way, more predictable than almost any. Stoch RSI trending down and price trending up on a daily. Oh my.

It’s hard to beat performance a trader can achieve that knows how these indicators function. There’s hundreds of idiosyncrasies #tradingedge

$GDX, Swing, Trading, Charting

Simple Charts $GDX Miners Daily Jan 2016 when 20MA crossed 50MA price in uptrend with Stoch RSI trend down. $GDXJ $NUGT $DUST $JNUG $JDST

$USDJPY Daily Here’s theTest! MACD down trend, Stoch RSI near bottom, SQZMOM red, test 200 MA. $DXY $USD

Test is when / if Stoch RSI curls up at bottom and whether 200 MA is held. That’s the first test.

$USDJPY, Chart

Simple Charts $USDJPY Daily Test MACD down trend, Stoch RSI near bottom, SQZMOM red, test 200 MA. $DXY $USD #SwingTrading

$VIX Daily Outside BB’s is a short it’s close with TL res on deck, MACD uptrend, Stoch RSI max, SQZMOM gr. $UVXY $TVIX $XIV

$VIX, Volatility, Chart

Simple Charts $VIX Daily Outside BB’s is a short it’s close with TL res on deck, MACD uptrend, Stoch RSI max, SQZMOM gr. $UVXY $TVIX $XIV #swingtrading

That’s my simple perspective for the week. Best to y’all this week. For a much more detailed review please refer to the member’s post.

Email or DM me on Twitter anytime with thoughts or questions!

Cheers!

Curtis

P.S.

The charts included in this review may assist you in the endeavor of trade entry / exit and if you wish to become more serious (more profitable) with your entries refer to our swing trading for more insight (includes many equities also in the weekly reports).

The charting algorithm model Twitter feeds can be found here:$WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index).

Article Topics; Compound Trading, Swing, Trading, Stocks, Picks, $SPY, $VIX, $USOIL $WTI, $GLD, $GDX, $SLV, $DXY, $USDJPY, MACD, Charting, ROI, USD, Dollar, Volatility, Gold, Miner’s, Silver, Crude, Oil, S&P 500, Stochastic, RSI, Moving Averages, MA, Commodities, Currencies

 

 


Below are the Rules and Checklist I Use Before Entering a Trade.

This is Part Two of the “Freedom Traders” Series – How I Learned to Get Over the Wall and What May Help You.

There is a link at the bottom of this post to Part 1 : My Personal Stock Trading Story. How I Blew up Two Accounts and Then Learned How to Trade.

Summary Introduction:

This is about the freedom achieved when one learns how to trade stocks with consistent profit.

Learning to trade is tough, but there is a significant reward for the effort.

I have observed, in working with newer traders, that many randomly trade “what they like” without a system or rules. As such, I created a checklist that trader’s could use prior to executing trades..

To win consistently requires a proven system that provides more winning than losing over a series of trades. This is a trader’s edge.

To win consistently, a trader has to have a plan (a system) – that contains rules, controls losses (risk) and keeps emotions checked in at the door.

You, meet You:

If you are struggling to trade for consistent profit this post and your effort to follow a rules based methodology will cause you to look in the mirror.

Trading for consistent profit is a war against oneself. It is a war against our inner need to be free from rules and discipline. Successful trading is boring, it is disciplined and it isn’t remotely like a Friday night at the roulette table. Successful trading requires confidence in a system that is proven to return consistent results.

Successful trading requires a disciplined, devoted and tireless commitment to study and personal betterment. If you are not prepared to study, and I mean really study, you won’t make it. You will blow-up your account.

Personal Reflection – Recent Interactions:

I talk to literally hundreds of learning traders every month in one form or another (social media, email, private messages, coaching etc). I recently asked learning traders to send me their trading plans in advance of market open on a Monday morning.

Here are a few things I noticed in many responses;

Lack of study. Lack of implementation or Consideration Toward Standard Charting Indicators.

For example, I constantly talk about simple charts, keeping it simple and basic indicators. I do this for two reasons; one – I can get too complicated for my own trading primarily because of the type of work I do in algorithmic modeling. And two – I believe learning trader’s should first keep it simple.

Anyway, my point is that most replied to my call for trading plans with-out even considering the simplest indicators that I preach day in and day out in the trading room, in newsletters on videos and social media. And I thought to myself, my lord, how do I get this across?

Simple indicators like taking a daily chart and considering the moving averages or MACD were not considered in near all replies. Most replies were, “I like this stock and I don’t want to miss out”. Oh boy oh boy oh boy. I was completely floored. I couldn’t care less if I like a stock and I definitely won’t base a trade on possibly missing out.

All of these traders have had access for some time to detailed docs I produce toward the subject, such as our swing trading service newsletters, our premarket and post market reports and the near weekly charts I produce called Keep it Simple Stock Charting (not even considering the algorithmic modeling).

Below is a recent twenty minute video (a snippet taken from our live trading room) of indicators I follow when considering a trade. The video isn’t great (near bad actually) but you’ll get the point. I drive this home (indicators) over and over because they work!

Standard indicators will provide you with a simple edge and a simple process – a place to start. There are many different trading systems used in the markets, this is just one.

If you truly want to develop an edge (a process) that will get you winning more than losing (trading for profit), then learn the simple indicators and use a stop! That’s all that is initially required.

Trust me, if you need it, here it is (at least a start) in 20 minutes or less (we actually have a better video on indicators in charting reviews from last Thursday that I will post when it’s ready and update this article because the video below isn’t ideal as mentioned).

Of course it then (your personal trade process development) goes on for lifetime there forward, but I think you get my point. It isn’t that hard to stop your losses and GET OVER THE WALL to profitability.

So learn your simple chart indicators! Some examples are; moving averages, MACD, daily charts, price action, and maybe some others like the squeeze momentum I use and a Stochastic RSI. (Note: Video was updated)

A Trading Process and Trade Rules are Critical to Successful Trading – the Legends Agree.

Here are a few examples:

Martin S. Schwartz.

“I always laugh at people who say “I’ve never met a rich technician” I love that! Its such an arrogant, nonsensical response. I used fundamentals for 9 years and got rich as a technician.”

It is widely reported that Marty Schwartz lost money as a trader for ten years. And also widely reported that once he developed a more rules based approach he never looked back. Martin turned 5,000.00 in to 140,000.00 in one year and is one of the most well known trading legends to this day.

https://en.wikipedia.org/wiki/Martin_S._Schwartz

Jesse Lauriston Livermore.

“Real movements do not end the day they start. It takes time to complete the end of a genuine movement.”

Jesse Livermore used a set of rules, one of which was to identify “real movements”, because there is profit in a real stock move. A real move – not a low float pop and drop.

https://en.wikipedia.org/wiki/Jesse_Lauriston_Livermore

Ed Seykota.

“Systems don’t need to be changed. The trick is for a trader to develop a system with which he is compatible”

“I would add that I consider myself and how I do things as a kind of system which, by definition, I always follow.”

“Systems trading is ultimately discretionary. The manager still has to decide how much risk to accept, which markets to play, and how aggressively to increase and decrease the trading base as a function of equity change.”

Ed Seykota, a commodities trader, had a conviction in Algorithmic Trading. He utilized the rules of technical analysis and it made him one of the greatest trading legends of all time. One of his trading accomplishments was that he turned $5000.00 in to $15 million over a twelve year period in one client account.

Seykota calls his trading process, the Trading Tribe Process. He describes his ideas and practices in his book The Trading Tribe (2005).

https://en.wikipedia.org/wiki/Ed_Seykota

George Soros.

“If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.” Soros on enjoyable investing.

George Soros: Most Influential Quotes | Investopedia http://www.investopedia.com/university/george-soros-biogrpahy/george-soros-most-influential-quotes.asp#ixzz4eIkDeCuQ

Okay, so we know the trading legends agree, you need a system and rules. So I have prepared a checklist for you to review before taking your next trade and before every trade here forward until you consistently win. If you have any that I have missed, do me a favor and send them or tweet them to me so I can update this checklist.

Some Rules in Trading. Checklist Prior to Entering a Trade.

Rule 1 – Take Responsibility for Your Success or Loss. 

“A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. That’s the kind of thing winning traders do.”Ed Seykota.

I tell our trading room and newsletter subs, “the shortest distance between you and the door is to blame myself or another trader for your loss”. Our systems, analysis, models or anything we say or publish, or anyone tells you or publishes is not the reason for your loss.

You lost because you lost to yourself or you lost because no trading system is infallible. This is without a doubt my rule number one. If I blame my lack of success on anything or anyone I’m doomed as a trader.

Rule 2 – Cut Losses. Use a Stop. Never Allow Losses to Get Out of Hand.

“The trading rules I live by are: 1. Cut losses. 2. Ride winners. 3. Keep bets small. 4. Follow the rules without question. 5. Know when to break the rules.” Ed Seykota.

“Trade with a stop, and know it before you enter.” Jesse Livermore.

“The most important thing in making money is not letting your losses get out of hand.” Martin S. Schwartz

Live to see another day. One of the most critical ingredients to success as a trader is in how long you are around to learn. You can always re-enter and the cards never stop.

Rule 3 – Ride the Winners.

“Let profits run. Close trades that show a loss (good trades generally show profit right away).” Jesse Livermore.

This is my biggest challenge. Always ride your winners. And once you learn that, you can then “hammer down” on your winning trends. This is where real profit is.

Rule 4 – Keep your Bets Small.

Take an entry that is at very most 5% and preferably closer to 1 – 2% of your trading account, and then when it becomes a winning trend, add as you see fit and the indicators tell you to do so. And yes, I know that I will take much larger trades, but that’s because of a host of more advanced (or refined) rules not included in this post and that trade is not my whole portfolio – it is a large portion of a specific account.

Rule 5 – Learn Trend Trading. Understand Your Charts.

“In order of importance to me are: 1) the long term trend, 2) the current chart pattern, and 3) picking a good spot to buy or sell.”Ed Seykota.

“Trade using the pivotal points. (Learn how to spot the pivot point from which a new movement will emerge; read Find A Trend With The Partial Retrace.” Jesse Livermore.

I call this “chewing around the edges”. If you learn how to spot trends or trend reversals for long term trend plays then you have hit the mother load and this is where serious profit is and accounts get built up fast. Read about pivot points. This happens to be one of the primary methods of our algorithmic chart modeling and why our algorithms have been so successful. Pivot points are powerful indicators.

Here’s a post from Steve Burns on the subject of trend trading.

Here is one Golden Rule trade example of what can separate you from just winning or wealth building. You find this one set-up in the indicators and you will win and win and win and really win. Below is the tweet and if you go to that tweet the chart that shows the set-up.

“When price trends up and Stoch RSI trends down that’s when you HAMMER down! Especially on a daily. #RULE $GDX $GDXJ $NUGT $DUST $JNUG $JDST”

Rule 5. Stay away from Momentum Plays. Pops. Pumps. Chasing.

I play morning momentum stocks for a kick. I play small and I play them smart. This is not a place for new traders. DO NOT join a chat room that plays momentum stocks as a beginner. Learn the predictable fundamentals of trading and become successful at low risk trades first. Do this for at least a few years before you try and learn momentum daytrading market openers and low floats and the like.

Rule 6. Buy in a Bull Market, Short in a Bear Market.

“Trade with the trend. Buy in a bull market, short in a bear market.” Jesse LIvermore.

If the market is red, be careful with your long trades. Now, if you know how to play by the rules and read a chart then red days are the days to study and prepare your shopping list for long trades. Then when the markets turn green or confirm you then have your hit list ready. And do not start your trading career shorting. I know, I know there are GURU’s that will disagree, but I fundamentally believe the best short sellers are those that first have the basics of long swing trading and even daytrading mastered. That is a personal “opinion”.

Rule 7.  Trade with an Edge.

“Don’t trade when there aren’t clear opportunities.” Jesse Livermore.

Trading with an edge can be understanding your basic chart set-ups with moving averages, VWAP, MACD and others or can be with methods such as our algorithmic chart modeling work. Or, even with fundamentals or with news events and more. You have to understand what provides an edge.

I often refer to a simple edge traders can follow as PTPTRR. Price, trigger, power, trade, risk, reward. Trader’s that know how to win will automatically understand what I mean by each point in PTPTRR. The question is, do you? If not, study it out – study each part of that equation. Trading price provides what edge? What are triggers? What does he mean by power? What is risk – reward in trading? And so on. In a future post I will cover this simple formula in more detail.

Here is an example on trading price from Investopedia as Jesse Livermore traded price action;

“Price patterns, combined with volume analysis, were also used to determine if the trade would be kept open. Some of the criteria Jesse used to determine if he was in the right position were:

Increased volume on breakout.
The first few days after the break prices should move in the breakout direction
A normal reaction occurs where prices retrace somewhat against the trend, but volume is lower on retracements than it was in the trending direction.
As the normal reaction ends, volume increases once again in the direction of the trend.
Deviations from these patterns were warning signals and, if confirmed by price movements back through pivotal points, indicated that exited or unrealized profits should be taken. (For more read our Greatest Investors Tutorial.)”

Rule 8. Trade Strength.

“Trade the leading stocks in each sector; trade the strongest stocks in a bull market, or the weakest stocks in a bear market.” Jesse Livermore.

I almost always trade strength. Strength in price action, strength in sector, strength in timing, strength in volume, strength in trend, strength in momentum, strength in fundamentals, strength in news, strength in wash-out (fear) and on and on. Trade the strength that comes with inflections.

Rule 9. Trade with Chart Indicators.

Know your simple indicators. A profitable career can be made trading indicators only. We have proven in our work that simple indicators will return 50% or more a year with the instruments we trade (more on this later). But the point is learn your simple indicators.

We are posting You Tube videos more and more on this subject and plan to cover it intensely over the coming weeks in our newsletters and on various other media channels.

Some of the indicators to consider; moving averages, channels or trends, pivot points, chart history, support and resistance, Fibonacci levels, volume, power, risk – reward and more. When you know these you can then even move in to custom indicators (such as I do with trading view charting) and even chart bots and algorithmic models if you choose. But first learn the basics of charting and candles.

Rule 10. Trade Price Action. Price is King (and Queen). Know That The Market is Always Right.

“It can be very expensive to try to convince the markets you are right.” Ed Seykota.

Have a plan and when price action says different cut quick. Never assume the market is going to do what you think it will do. Now, I know in the algorithmic modeling work we do, we do talk about advanced near future charting etc, but even so, it is still harnessed in the realities of trading – that never changes.

Rule 11. Entries. Exits.

Know the zone for entries and exits. There are many rules within this one rule. Some examples are; enter long at support and cut fast if it fails, trail out long positions at resistance and add at support, enter long when the stochastic RSI is at the bottom (one of my favorites), go long when the MACD crosses up and short when it crosses down, know your time-frame, enter long at the bottom of the trending channel… and so many more.

Rule 12. Continuous Improvement. Journal for Success. Be Yourself. Don’t Follow.

Journal your trades. Keep track of your trades daily, take notes, learn from your errors and reproduce your successes. Study, study, study.

Develop your own system. Develop your own style. Be yourself. Don’t follow in anyone’s trades – learn, but don’t follow. Turn off the noise.

Study “Trade Risk Management Psychology” and “Emotional Intelligence”. We don’t have enough time here to go in to it.

Rule 13. Support Other Traders

Support the traders that shout out a win and try and pass on what you have learned to traders struggling. You will be surprised how this simple good will posture will help your trading. I won’t go in to detail and I’ll let you discover how this helps your trading on your own.

Rule 14. Check Your Attitude.

Never blame, never complain, never lack gratitude for the opportunity to learn. Be a good loser, dust off and move on. You will never be a profitable trader any other way.

Message me anytime with your story, questions or additions to this checklist. I will update this list over time.

Peace and best.

Curtis

Part 1 : My Personal Stock Trading Story. How I Blew up Two Accounts and then Learned How to Trade.

Part 2: Trading Checklist (Rules) I Follow Before Triggering a Stock Trade.

Part 3: Now I’m Inspired. A Struggling Trader That Inspired Change. 

Part 4: We Want (Need) You! Apply to Nearest Recruiting Station.

Part 5: Learn How to Trade Stocks (Build a Small Account) Following my Journey.

Part 6 a: Trading Set-ups. How-To Develop a Systematic – Predictable Process.

Part 6 b: Trading Set-ups. Video Explains Predictable Winning Process (companion to part 6 a).

 

Get up. Dust off. And never give up.

Article Topics; Freedom, Trading, Trader, Learning to trade, Stocks, Rules, Checklist, Profit.

 

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