Following are our trade ideas for our Daily Trader portfolio for Friday July 18th, 2014. These are short term trading ideas that are normally closed either the same day or in next few days. Trade nimbly. Enbridge, Inc. (ENB) Direction: Long Entry: 48.89 Stop: 48.27 Target: 49.20 Pattern: Expansion Candle / Symmetrical Triangle Up Break Out…
The expiration day in July gives a bearish bias to the market that we have found to be trade-able in our Almanac Trader portfolio. Since 2000, using 1X and 2X index ETFs, our strategy produced 56 trades for 64% success rate. The average gain is 1.6% for an average of one-day holding period giving an annualized return…
Not all of our day trades for today triggered. Many gapped at the open and usually we do not chase the gaps unless they are very near our entry. We generally enter gapped trade based upon ORB. Modify the entry levels based upon the ORB – Opening Range Bar (first 30 minute candle) AMCX (long)…
Our long British Pound in June strategy has been quite successful since 2000. We enterer long trades on June 11/12 @ 1.67900 and on June 27th at 1.70350 for an average price of 1.68513. One of our exit signal triggered on July 16th. We will exit one of our position. For reporting purposes we will use…
You must be logged in to post a comment.