Wednesday, May 22, 2013

Pristine Trading is having an open house day on Thursday in the Pristine Method Room, if you have not already done so, you can sign up for their free services and get access to the room at http://www.pristine.com/, check it out, Paul Lange is one of the very best.



This week's swing trading watch list from Toni Hansen. The list is rather short as she expects the upcoming week to be possibly rather choppy and volatile, thus not very conducive to taking new swing trading positions. Patience, patience, patience!

Group Schedule
Our group meets every Friday after the closing bell at 4:05 ET. Each session is 90 minutes and begins with a market overview and outlook, followed by long strategies, then short strategies, and finally Q&A and further education.


Watch List for the Week of May 19, 2013

Please review the download for this week's session for greater detail on the securities and strategies discussed. Our Focus Stocks are covered immediately following the Market Overview.
Long Strategies

BG
AVD
SYY
EXPD
Short Strategies 

THC
COV
SNDK
AKAM
PDCO
DISH
PSX
This Month's Investment Watch List for Position Traders: 
GCA, PWR, BSX, GGS, LXU, HWKN, LCUT, DNB, STJ, NVDA, APA, 
EXPD, LVS, POT, FLY, EVER, OZM, APL, EEP, BSX
Additional Daily Stocks to Watch
Long: MELI, GLP, PMFG 
Short: TRV, CBD T, NVO, INTU, CRR, CMCSA
The Details


BG, AVD
 are 2-wave Phoenix continuation strategies on the daily time frame. 
SYY is an upper level base with room to move on the weekly time frame. Watching for a breakout from the third high on the daily time frame. Target $38.
EXPD watching for a Phoenix continuation on the daily time frame.


THC, COV, AKAM, SNDK are all extended on the daily time frame and due for corrective moves. Watching the 30-60 minute charts for Momentum Reversals and Avalanches.
PDCO is forming a potential daily Momentum Reversal
DISH is forming a daily Avalanche.
PSX is forming a 3-wave trend exhaustion on the daily time frame. Watching for a channel break off the third high made last week.

A LIVE TRADING LESSON WITH TONI HANSEN

"It's easy to read a textbook on trading and say, "Yes, here is 
where I enter a trade. Here is where I place my stop. This is 
where I should take my gains." 
The reality is a bit trickier. 

There are often several places you can enter a trade, a number

 of ways to place and adjust a stop, and taking gains can 
depend entirely on how the trade unfolds. 
There is a system that takes all of these into account. 

I've spent the past 15 years developing it and teaching it to 

fellow traders... from "newbies" to hedge fund managers. 

In this 20 minute video I follow a trade from start to finish, i

ncluding where I made a vital mistake in trade management
 by not looking at "the bigger picture" 
(although in this case it was the "smaller" one)!" 
LIVE TRADING LESSON


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