Swing Trade Update

Friday , November 02 - Swing Tade Update:

Today was a Taylor Trading Technique Sell Short day signal for today after yesterday’s big rally, and my Propriatery Cycle Indicator ( P C I ) confirmed that we should anticipate a sale today. In addition to what the TTT said we might expect a correction today in a “buy the rumor, sell the fact” trade today.

The market ran out of steam shortly after the 9:30 est stock market open (it’s often a turning point), falling through the reference key level prices and reaching the overnight double bottom low of 1420.25. It found support a bit under there and has since traded sideways through early afternoon.
If you were following my swing trade today or if you had your fill of trading for the week you could have wrapped up the week by mid-morning.

Target number 6 was reached at 1431 and booked for another + 37.50pts and exited the rest at 1425 for + 31.50 pts booked on the final lot > Total pts for this Swing Trade : + 176.25 pts

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4:55pm > Update : Fifth Target filled and booked at 1425 for + 31.50 pts booked profits

Final Target : 1433.25 > Globex High is now 1425.50 < 4:55pm est > Nov 1st

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10:42am Update : Fourth Target Reached , filled and booked for + 29 pts <

Thursday, November 1st >  Long @ 1393.50 now trading at 1409.50 > 8:49am


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The Lady stands after all and life goes on in the big city.

7:00am Swing Trade Update :  Long from 1393.50

Third Target reached as expected : + 12.50 pts booked again > Total Profits : + 46.75 pts

Thank You Sandy ( Hurricane ) and thank you for all the Shorts ( StocksTwits ) that took the wrong position, keep shorting , thanks

JaguarTrader ( StocksTwits )

Hurricane Sandy Swing Trade Wins

6:00pm Update : Second Target filled and booked + 19 pts , Total : + 34.25 pts

Long from 1393.50 <  Key Level > 1393.25 and LVN > + 15.25 pts booked

Swing Trade Setup : 

> MACD  Double Divergence at Key Institutional Level
                                  
> False Breakout " FAKEY " Setup after an Inside Day

> Weekly 38.2 % Fibonacci Retracement

 > Short covering fueled rally on low volume as expected and  predicted

Hoping that the folks on the US East Coast are safe and warm. The ES Market is closed for a second day while Globex is moving along fine.

JaguarTrader ( StocksTwits )

Swing Position Update

3pm est > Done for the Day

Scenario number 2 is now complete . Nothing beats a plan when trading. Can't express it enough
how important this part of trading is to you success.You always have to expect the unexpected from
this markets.

The number 2 scenario did not reached its target, therefore the necessary course of action according to the trade plan emailed to subscribers was implemented.The market followed scenario # 2 as predicted and that was another option in the trade plan.

Price action failed to find support at the key level zones and a reversal of trade was initiated.

11:50am > The 2nd Scenario playing out as suggested premarket. Approaching 1399.50 target as predicted. Target achieved now.

It is odvious that the stop loss orders hunting game continues in this market

Complete Trade Plan available upon request to non-subscribers.

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The ES failed to make a new low after the FED Day and is trading above the Line In the Sand Zone :
in this Three Days Profile > 1410.75 to 1411.25 < Bear / Bull Zone.

9:00am > Notice how the Key Zone held after the Economic report reaction. Two scenarios at the open today :

1. Will open and drop to the 1409.75 VPOC and the 1409.25 to  1407.50 high volume zone OR

2. After the Open it will auction down through all the key levels and find support at the Key Institutional level : 1399.50

3. Will Open and go UP to 1417 to 1420 Key Resistance Zone OR

4. Will Open and go sideways above the Two Days Zone and then breakout.

Long @ 1399.75 < S 1 and Key Level

New Short Position

Thursday , October 25 -Holding Open Long Swing Position at 1405

Swing Trade Setup : same as Tuesday > see below . Target : 1422.50


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Wed - October 24 : New Position

9:06am Update : Took profits at 1414.50 < Prev Day High > Done for the Day

9am Update : > Holding Open Long Swing Position 1405.00

04:22am - Long 1405 > Trade Setup same as below

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7:24pm est Update :  Target filled and booked for + 16 Pts > Long @ 1417 < Closed trade at 1426

Setup for this Trade : MACD  4 Hour Bullish Divergence
                                      RSI ( 2 ) Market Timing Strategy : Day 3
                                      Key Institutional Level
                                      Cycle Indicator Oversold Reading

1:48pm Long @ 1417 < Key Institutional Level posted before the Open < Another Winner
 

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1:42pm Update : Final Target achieved as predicted, booked profits : + 14pts plus 12.50 Pts
Total Profits on this trade : 26.50 Pts


11:20am est Update : Second target hit and booked for another + 8 pts > Short @ 1431
Looks like the Institutional Level worked as expected, Cheers !

Total Profits : +12.50 pts plus the previous Long , not posted.

8:15am - Update :  Took profits + 4.50 pts booked > Short @ 1431

5:50am SOLD Short @ 1431 > 1431.25 Key Institutional Level > 1430 is the 50 Day MA

Trade Setup : Daily Reversal WR Bar , 23.6 % Retracement of Fri Range , Key Level Resistance in Globex pre-open session.

Expected Final ( Dessert ) Target : 1417

1439.50 < Key Bull / Bear Level
1431.25 < Institutional Level
1430     < 50 Day MA
1424.50 < Must hold this level after the Open
1423.50 < Prev Day ( Friday ) Low
1422.50 < VPOC > Fri - Oct 12 < Will bounce here
1421    < CLVN
 1418.75 <
 1417 Key Level

Short Covering in the Bond Market

Flight to quality rally and short covering provided another winning trade using my proprietary cycle indicator.The trade entry was not posted due to a very busy schedule on other business matters.

Google's earnings miss on Thursday was followed Friday by misses from three Dow components:

General Electric, Microsoft, McDonald's. Soft European demand is the general complaint so far of the third-quarter earnings season. But not a complaint is domestic residential housing though existing home sales did dip back in September, but only slightly relative to very strong gains in the two prior months.

The Dow ended near its lows, down a very steep 1.5 percent to 13,343. Demand for safety is reappearing with buyers bidding down Treasury yields, to 1.77 percent for the 10-year for a 7 basis point decline on the day. Demand for safety helped give a 0.3 percent boost to the dollar index. Oil fell a sizable $2 to $90 with gold down $20 to $1,720.
JaguarTrader

Options Expiration Friday Review

This chart is only the first 2 hours of trading in 30min Bars with the most significant levels and only one trade entry Short.The targets for that entry is not shown.

This Options Expiration was very unusual in that it exceeded the average range of previous Opt Exp Days.

The pre-opening bias was bullish for many traders and the 20 Day SMA and the 38.2% Fib was expected to be supported but it did not.

There was some clues on the first 30mins of trading shown on this chart. There was a very heavy accumulation of stops loss orders below 1446.50 and 1439.50. Both levels were penetrated and a Spike in Volume occurred.The High Volume Zone from 1446.25 to 1444.25 from Oct 16 was violated and that was another important clue that Bears had absolute overwhelming control.

The GAP left on Oct 16 from 1436.75 to 1440.75 ( S 2 ) was filled on the second hour and 1436.75 inside the Gap was the Key Level to watch. There was a 2 points bounce or retracement at this level.

On the Third Hour it found support at 1430.75 and bounce or retraced 3.75 pts after an hour of consolidation sideways range and failing to penetrate above the 1434 Key Level. The key levels here were : 1434,  1431.75 < Weekly Pivot and the 1430 < Monthly Pivot, so 1431 was an important level that held for one hour.

The short squeeze and stop loss orders hunting game continues till after the presidential election as predicted 30 days ago on StockTwits.

JaguarTrader ( StocksTwits )

Opt Exp Day

1:30pm est Final Update : Lower targets filled and booked - Done for the Day - Have a good weekend

11:24am - Once 1443.25 Key level did not hold , Sold it after the break of 1443.25 on the retracement to it . Did not have time to post the trade.

10:51 Long again at 1441.75 < out at break even

10:34am > Long again at 1443 < out at small loss - .50 ( 1443.25 Key Level )

10:22 - Filled at 1442.25 < Long , out at break even

9:46am est > Will buy 1442 > 9:59am Will Sell 1446.50