|This is an EXAMPLE of our Day Trading Parameters
Day Trading Parameters
For June 23
(Provided to you in advance of the Trading Session)
The pre-defined tight trading channels should remain
in tact for now.
We are expecting the Markets to begin the day with
a bias to increase as they open on Thursday and we expect
tests of 2100 to occur again soon, that is, so long
as 2085 holds as support. Any break below 2085
should result in prompt declines to 2070 in our opinion.
So long as 2085 holds though, the tight trading channels
that are currently in place should remain in tact and
the Market should continue to undulate within this range
(2085-2100) for the time being.
|Initial intraday trading parameters
for the NASDAQ exist between 2085 - 2100
|If 2085 breaks lower expect 2070
|If 2100 breaks higher expect
|Otherwise expect 2085 - 2100 to hold
Get Day Trading Ideas now:
These Parameters are telling us to trade the
Market as follows...
These Parameters are telling us to short the Market
near 2100 if that level is tested first, with a downside
target of 2085. However, if 2100 breaks higher, these
same Parameters tell us to expect 2190.
Conversely, if 2085 is tested first, these same Parameters
tell us to buy the Market with an upside target of 2100.
However, if 2085 breaks lower, these same Parameters
are telling us to short with an expected downside target
Remember to review the rules of trading and remember
to add balance if a Parameter begins to break higher
IMPORTANT: The rules of trading say that a test
of support or resistance Parameters occur in the NASDAQ
when the NASDAQ comes within 3 points of our trading
Parameter (15 points for the DOW and 1.5 points for
the S&P). When, for example, the Market comes within
3 points of a support level, and, according to rule,
we look for a long position, we would refer to the Focus
List at that exact time to find which stocks are best
to trade. In order for our system to work efficiently
for Market-timing purposes, we must look for trading
ideas at the exact time the Market offers us trading
signals as indicated from the Parameters above.