SPPI was on my watch list this morning.  I was stalking it for an entry and it provided a nice tight reward to risk enty at 6.49 with a stop at 6.40 only risking .09.  I trailed SPPI up on the 15 min bars but once I got an expansion bar I was looking to exit.  I exited at 6.82 making 3.6 ... Read more

SPPI was on my watch list this morning.  I was stalking it for an entry and it provided a nice tight reward to risk enty at 6.49 with a stop at 6.40 only risking .09.  I trailed SPPI up on the 15 min bars but once I got an expansion bar I was looking to exit.  I exited at 6.82 making 3.6 ... Read more

Today the market didn’t really provide much for entries on single stocks that fit my trading plan.  And I am okay with that.  As a trader you have an EDGE.  Edge is a predetermined setup in the market that a professional trader trades day in and day out.  When the set up is not there ... Read more

Today the market didn’t really provide much for entries on single stocks that fit my trading plan.  And I am okay with that.  As a trader you have an EDGE.  Edge is a predetermined setup in the market that a professional trader trades day in and day out.  When the set up is not there ... Read more

AM is a perfect example of  a gapper with FIB PRICE EXTENSIONS doing the job.  I didn’t stay long all the way into the close being FED day and I took my son to the dentist. Building a position in these movers can pay off very nicely.   I would say 70% of them hit the 38.20 level fo ... Read more

AM is a perfect example of  a gapper with FIB PRICE EXTENSIONS doing the job.  I didn’t stay long all the way into the close being FED day and I took my son to the dentist. Building a position in these movers can pay off very nicely.   I would say 70% of them hit the 38.20 level fo ... Read more

Here I included a snap of the 2 min chart and the daily of CYT to show you why it was novice and that it had higher odds of snapping back up. CYT was down 6 days in a row and with today it had a gap down to support on the daily.  The premarket volume was absent and seemed to be just ... Read more

Here I included a snap of the 2 min chart and the daily of CYT to show you why it was novice and that it had higher odds of snapping back up. CYT was down 6 days in a row and with today it had a gap down to support on the daily.  The premarket volume was absent and seemed to be just a ... Read more

Here I included a snap of the 2 min chart and the daily of CYT to show you why it was novice and that it had higher odds of snapping back up. CYT was down 6 days in a row and with today it had a gap down to support on the daily.  The premarket volume was absent and seemed to be just a ... Read more

Entry: 6.49 Stop: 6.39 Target was Hourly Resistence in the area of 6.90. Exit: 6.89 (4 R’s profit) ... Read the full post ... Read more