Range bound action continues in the market. All the rips get faded and dip still getting bought.
Range bound action continues in the market. All the rips get faded and dip still getting bought. Dangerous choppy trendless market out there. This consolidation/range phase , where most traders lose money .In terms of day trading this where we tend see choppy trend less action. Stops gets taken out after entering a trade only to see stock it recovers after hitting our stop loss. Price alert or break out alert will trigger only to see it fail or being stuck in a range. Key to surviving theses stages is less trades or smaller position size, day trading playing intraday momentum name that running due to earning or news. Do not get sucked into trading just because they set up looks great. Be skeptical about the setup and the success. Be sure to read my past blog post about , “Recognizing the Market’s Trend and Trading Appropriately".If you are struggling with your trading or learn how to trade you need to join our 60 day Bootcamp course. Our program is designed in such a way that you come out of it ready to trade live in just 3 months. We teach you everything from risk management to scanning to trading strategies. I also share my profitable intraday trading strategy which will make you money short term regardless of Market condition. The class is one of a kind, see why you should sign up for the course here . You will also have access to a private community where you can ask questions, share charts and talk with the instructors or other traders. You can also check out the testimonials from our students.Also if you are interested in our trade alert services and chat room , take a free trial! Check them out here.Follow me on Twitter @szaman and on StockTwits @szamanCheck out our newest Offering "Bulls Vision" ! A brand new screen share product! See through the eyes of @kunal00 while he trades live everyday.[caption id="attachment_32795" align="alignleft" width="800"]
ADXS Watching for triangle break either way.[/caption][caption id="attachment_32796" align="alignleft" width="800"]
BCEI Oil finally getting some bounce. Watching oil names for a follow through.[/caption][caption id="attachment_32797" align="alignleft" width="800"]
COMM Watching for a parabolic short soon below 28.66.[/caption][caption id="attachment_32798" align="alignleft" width="800"]
HABT Watching for range break.[/caption][caption id="attachment_32799" align="alignleft" width="800"]
HALO Still setting up well to make a move higher If market cooperates.[/caption][caption id="attachment_32800" align="alignleft" width="800"]
ISIS Needs to hold this low to trade the range or could be short.[/caption][caption id="attachment_32801" align="alignleft" width="800"]
JUNO Needs to hold this low to trade the range or could be short.[/caption][caption id="attachment_32802" align="alignleft" width="800"]
LNCO Oil finally getting some bounce. Watching oil names for a follow through.[/caption][caption id="attachment_32803" align="alignleft" width="800"]
SN Oil finally getting some bounce. Watching oil names for a follow through[/caption][caption id="attachment_32804" align="alignleft" width="800"]
ZIOP Range narrowing. Looking for a move either way soon.[/caption]
