Following are our trade ideas for our Daily Trader portfolio for August 12th, 2014.These are short-term trading ideas that are normally closed either the same day or in next few days. Trade nimbly.

1. Bitauto Holdings Ltd. (BITA)
   • Direction: Long
   • Entry: 69.14
   • Stop: 67.10
   • Target: 71.91
   • Pattern: Expansion Candle (all time high)

   

2. CompaniadeMinas Buenaventura SA (BVN)
   • Direction: Long
   • Entry: 13.13
   • Stop: 12,72
   • Target: 13.66
   • Pattern: Expansion Breakout / Resistance Break

   

3. KrispyKreme Doughnuts, Inc. (KKD)
   • Direction: Long
   • Entry: 17.05
   • Stop: 16.47
   • Target: 17.73
   • Pattern: Expansion Bar

   

4. OmniVision Technologies, Inc. (OVTI)
   • Direction: Long
   • Entry: 24.36
   • Stop: 23.73
   • Target: 25.33
   • Pattern: Expansion Candle / Resistance Break / Fibonacci 50% Retracement of decline in 2001 from all time high of 37.05 to 10.15

   

5. KingDigitalEntertainmentPlc (KING)
   • Direction: Short
   • Entry: 17.97 or ORB (Opening Range Bar – first 30 minute candle) breakdown
   • Stop: 18.91
   • Target: 17.79
   • Pattern: Expansion Bar / Support Break Down

   

Previous Trades Update:

Three of our trades triggered on August 11th. If you have not already closed them then modify the stops and target levels.

• BIG (long) – modify stop to 45.56 and target to 46.32
• EBIX (long) – modify stop to 13.38 and target to 13.96
• LOW (long) – modify stop to 49.40 and target to 49.95

Trades triggered on August 8th:

• DXCM (long) hit the target and closed for 1.0% gain
• YY (long) also hit the target and returned 1.9%
• SNI (short) lost 1.5%

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Please Note: These are short-term trade ideas that we normally close in a day or two. Some of the trades are held longer based upon the price action. If there is abnormal price action then act accordingly to either lock-in the profit or limit the loss. We do send out alerts if there is any abnormal price action. Remember to check this site for alerts and further updates.

• We usually avoid taking a position if there is big gap-up or gap-down.
• If there is a gap-up or gap-down then if in the first half hour there is a snap-back or pull-back to our original entry then we take that unless the price ran away too much and then snapped-back or pulled-back
• If there is no snap-back or pull-back in the first thirty minute then we wait for the ORB (Opening Range Break - a break above or below the first thirty minute candle - in the original trade direction
• If the entry is based upon the ORB then the stop is usually beyond the other end of the bar.
• Remember to position size based upon your risk-tolerance