Category: Article

Splash Image Scanning For Breakout Setups Using Worden TC200 PCF

Scanning for Breakout Setups using Worden TC2000 PCF

Scanning for Breakout Setups using Worden TC2000 PCF is a guide for traders using TC2000 who are looking to find stocks that are breaking out and increasing in momentum.

We’ll walk through a few different scan ideas, explain the thought process, and share all of the code that goes into each condition. The basis of our scans assume daily charts, but the concepts could be adapted for shorter time-frame trading.

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High Stakes Area of Support Under Siege

The action today to kick off the second quarter of 2018 was about as ugly as it gets.

  • SPX -2.23%
  • QQQ -2.89%
  • IWM -2.44%

But despite today’s selling, the S&P500 is still trying to hold on to this high stakes area of support around this 2580 level which is precisely where buyers emerged in early February.

Image of Daily SPY Chart - High Stakes Area of Support Under Siege

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Splash Image - Chart Pattern Trading Advice From a 20+ Year Professional

5 Bull Trade Setups For The Week of March 5th

Stocks finished strongly positive on the day after starting off in the red with a lower gap open.

This was a bullish follow-through day after buyers staged a reversal last Friday.

We’re not out of the woods yet, the S&P500 still has plenty of recent supply to break through in this 272 to 274 area, but today was certainly a near-term constructive showing.

If you think this market can continue higher, here are a few stocks with strong technicals emerging from tight patterns under 52w and all-time highs:

$GDOT has been pulling back and flagging for 7 days after a 10% breakout move on February 22nd.

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How To Trade Daily Closing Prices - Splash Image

How To Trade Stocks Using Daily Closing Prices

How to trade stocks using daily closing prices walks through the best practices, tips, and recommendations for implementing a strategy that uses daily closing prices for its signals.

If you’re thinking about giving up intraday trading and extending your time-frame or if you’re a long-term investor looking for an active strategy to manage risk, this article will help give you some ideas to think about and test out.

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Mean Reversion Trading Tips & Strategy Splash Image

Mean Reversion Trading | Tips & Strategy

We share a lot of trade ideas and strategy here at The Trade Risk but it’s primarily from the point of view of momentum, breakouts, and following recent price movement.

Mean reversion trading is a style that relies on price action to look much different (in most cases the exact opposite) as momentum, and it’s something we haven’t written a whole lot about on this site.

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Back to Back Inside Days & Trade Ideas For Halloween Splash Image

Back to Back Inside Days & Trade Ideas For Halloween

We finished higher across the board for the final trading session of October 2017 with the small cap Russell 2000 stocks out in front leading the charge.

All of the major indices are trading at or very close to all-time highs, and the S&P500 ($SPY), in particular, is set up going into Wednesday with back to back inside daily bars.

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Stock Setups & Trade Ideas 10-19-17

We finally saw a mild gap down and a shakeout this morning after a long stretch of quiet trading, but what little selling pressure there was did not even maintain throughout the entire day.

The QQQs led us lower, finishing down approximately -0.37%, but well off the lows of the day, the IWM nearly flat, and the SPY flat.

I continue to remain most suspect of the $QQQs out of the all the major indices, but for now, bulls remain very much in control of these markets overall.

Here are some individual stock setups that are offering up some interesting looks,  shared on Stocktwits & Twitter earlier today:

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