Daytrade entries are greatly enhanced using candlestick chart signals. Daytrade entries alleviate the “what if” hesitancy on a trade. There are approximately nine candlestick signal trade setups that produce extremely high probabilities a trade is going to move in the correct direction. This makes for excellent day trade entries as well as swing trade entries. A strong example is the SHOP chart. The gap down Doji makes for a powerful bearish day trade setup. If it opens lower tomorrow, probably in conjunction with the market indexes opening lower, it can probably move with good force down to the 50-day moving average. This simple analysis allows options traders to put on high-potential trades. Our suggestion in our options trading room today was to buy the February 42.50 puts for $0.11. They expire tomorrow. But if the bearish flutter kicker signal performance, the $0.11 has the potential of going to the $1.20 sent level. Knowing the expected results of candlestick pattern setups produces a robust trading platform for the day trader and swing trader. Join us Saturday, February 18, for a full-day training recognizing the high probability day trade setups and how to utilize the intraday charts to maximize profits. Click here to register.
Chat session tonight at 8 PM ET. Click here to register.
Good Investing,
Stephen Bigalow
