www.ivicatradingcharts.com News
From 10/26 – 10/31 2009
– Live trading room and service is free for everyone
- Invite you all to join us and see what we are doing every day, also all already room members invite to call friend and tell them for this opportunity
- http://www.ivicatradingcharts.com/Chat.aspx instruction how to find us, or please email me with any question
From 11/02 – 11/13 2009
Mentoring program - with special price offer for this time:
http://www.ivicatradingcharts.com/Mentoring.aspx
From 11/16 – 11/18 2009
It is two day seminar for all room members with explanations about my style, how I’m scanning, actual moment etc etc. This two week seminar is free for all members and it will be during doldrums time (between morning and afternoon live trading).
Invite you all to join us and wish you all great trading
Regards
Ivica Juracic
ivica@ivicatradingcharts.com
Monday, October 26, 2009
Chart of the week
Chart of the week
Date: 10/26/2009
Symbol: MCRS
Company Profile: MICROS Systems, Inc. designs, manufactures, markets, and services enterprise information solutions for the hospitality and specialty retail industries. The company’s enterprise solutions comprise hotel information systems, restaurant information systems, and specialty retail information systems.
Sector: Technology
Industry: Technical & System Software
TRADING PLAN
Entry price: under: 27.38
Stop price: under: 28.13 (27.60)
Target: 26-25 areas
Chart explanation: On daily MCRS chart I like consolidation and coming to 10sma resistance area what is trend confirmation area. I will look for selling continuation and another selling wave under $27.38. For MCRX we can use two stops. One is based on daily chart and it is above Friday high and another is based on 15 min consolidation. It means that we can use MCRS for intraday move too, but also we can try to increase r/r and depends on open action I will look for that. Trading room and whole service is open and free for all and I invite you all to join us and spend this week with us. It is free for this week.
If anyone have any question or need update feel contact me over email or in the live trading room. 
Date: 10/26/2009
Symbol: MCRS
Company Profile: MICROS Systems, Inc. designs, manufactures, markets, and services enterprise information solutions for the hospitality and specialty retail industries. The company’s enterprise solutions comprise hotel information systems, restaurant information systems, and specialty retail information systems.
Sector: Technology
Industry: Technical & System Software
TRADING PLAN
Entry price: under: 27.38
Stop price: under: 28.13 (27.60)
Target: 26-25 areas
Chart explanation: On daily MCRS chart I like consolidation and coming to 10sma resistance area what is trend confirmation area. I will look for selling continuation and another selling wave under $27.38. For MCRX we can use two stops. One is based on daily chart and it is above Friday high and another is based on 15 min consolidation. It means that we can use MCRS for intraday move too, but also we can try to increase r/r and depends on open action I will look for that. Trading room and whole service is open and free for all and I invite you all to join us and spend this week with us. It is free for this week.
If anyone have any question or need update feel contact me over email or in the live trading room.
Sunday, October 18, 2009
Chart of the week
Chart of the week
Date: 10/19/2009
Symbol: GOLD
TRADING PLAN
Entry price: above: 76.200
Stop price: under: 74.00
Target: 80 - open
Chart explanation: GOLD trying to bounce from daily 10sma support area (brown line) and reached new high after breaking triangle. I’m interested for continuation and I will look for long setup above Friday high. For stop we can use Friday low and intraday low (what will be case for now). If we will see gap down at Monday but still above Friday low I will still look for long trade on new highs. For start I want GOLD above 10sma on the daily chart and until will stay above it will be valid
If anyone have any question or need update feel contact me over email or in the live trading room.
Wish you all good trading!!!
Kind regards
Ivica
http://www.ivicatradingcharts.com/
Sunday, October 11, 2009
Position Trade
Position Trade
Date: 10/12/2009
Symbol: NUAN
Company Profile: Nuance Communications, Inc. offers speech-based solutions for businesses and consumers worldwide. It primarily delivers a portfolio of speech-enabled customer care solutions that enhance customer communications and automate customer services and business processes in information and process-intensive vertical markets, such as telecommunications, financial services, travel and entertainment, and government.
Sector: Technology
Industry: Application Software
Trading Strategy:
NUAN is on my list longer time. I like weekly/monthly triangle consolidation and daily cup and handle pattern. I will look for position trade but it can be used for day (daily cup and handle), swing (weekly cup and handle) and position (monthly breakout) trade. First target area will be monthly high, but we will see action after setup.
I will send all updates and if anyone will have any questions feel free to contact me in the room or over email (ivica@ivicatradingcharts.com ).
Wish you good trading!!!!
Ivica Juracic
http://www.ivicatradingcharts.com/
Date: 10/12/2009
Symbol: NUAN
Company Profile: Nuance Communications, Inc. offers speech-based solutions for businesses and consumers worldwide. It primarily delivers a portfolio of speech-enabled customer care solutions that enhance customer communications and automate customer services and business processes in information and process-intensive vertical markets, such as telecommunications, financial services, travel and entertainment, and government.
Sector: Technology
Industry: Application Software
Trading Strategy:
NUAN is on my list longer time. I like weekly/monthly triangle consolidation and daily cup and handle pattern. I will look for position trade but it can be used for day (daily cup and handle), swing (weekly cup and handle) and position (monthly breakout) trade. First target area will be monthly high, but we will see action after setup.
I will send all updates and if anyone will have any questions feel free to contact me in the room or over email (ivica@ivicatradingcharts.com ).
Wish you good trading!!!!
Ivica Juracic
http://www.ivicatradingcharts.com/
Chart of the week - FRX
Chart of the week
Date: 10/12/2009
Symbol: FRX
Company Profile: Forest Laboratories, Inc. develops, manufactures, and sells branded and generic forms of ethical drug products. Its principal products include Lexapro to treat depression; Namenda to treat Alzheimer's disease; Bystolic, beta-blocker to treat hypertension; and Savella for the treatment of fibromyalgia.
Sector: Healthcare
Industry: Drug Manufacturers – Other
TRADING PLAN
Entry price: above: 30.00
Stop price: under: 28.25
Target: 35 – 37.50 areas
Chart explanation: I like FRX weekly base and try for bounce from 10sma and I like monthly continuation pattern. Those are main ideas for FRX setup. FRX need to stay above weekly 10sma (brown line) and I will trail stop with it. On the monthly chart we can see that next big resistance is $35 are and after that 200sma weekly (red line). All depends on breakout pace and volume and updates will come on time.
If anyone have any question or need update feel contact me over email or in the live trading room.
Wish you all good trading!!!
Kind regards
Ivica
http://www.ivicatradingcharts.com/
Date: 10/12/2009
Symbol: FRX
Company Profile: Forest Laboratories, Inc. develops, manufactures, and sells branded and generic forms of ethical drug products. Its principal products include Lexapro to treat depression; Namenda to treat Alzheimer's disease; Bystolic, beta-blocker to treat hypertension; and Savella for the treatment of fibromyalgia.
Sector: Healthcare
Industry: Drug Manufacturers – Other
TRADING PLAN
Entry price: above: 30.00
Stop price: under: 28.25
Target: 35 – 37.50 areas
Chart explanation: I like FRX weekly base and try for bounce from 10sma and I like monthly continuation pattern. Those are main ideas for FRX setup. FRX need to stay above weekly 10sma (brown line) and I will trail stop with it. On the monthly chart we can see that next big resistance is $35 are and after that 200sma weekly (red line). All depends on breakout pace and volume and updates will come on time.
If anyone have any question or need update feel contact me over email or in the live trading room.
Wish you all good trading!!!
Kind regards
Ivica
http://www.ivicatradingcharts.com/
Sunday, October 4, 2009
Chart of the week/Position trade
Chart of the week
Date: 10/05/2009
Symbol: CHKP
Company Profile: Check Point Software Technologies Ltd., together with its subsidiaries, develops, markets, and supports a range of software, and combined hardware and software products and services for information technology security worldwide.
Sector: Technology
Industry: Security Software & Services
TRADING PLAN
Entry price: above: 29.05
Stop price: under: 27.40
Target: 35 areas
Chart explanation: This week I will use CHKP for position and swing setup. Actually we can start with swing trade what can turn in to position trade. On the weekly chart we can see that CHKP have “own way” and don’t care about market weakness last week. Despite of that CHKP made new high on higher volume after triangle pattern was broken. I will look for continuation and stop will be under previous week low because if that will happen then odds for fake breakout will increase
If anyone have any question or need update feel contact me over email or in the live trading room.
Position Trade
Date: 10/05/2009
Symbol: NUAN
Company Profile: Check Point Software Technologies Ltd., together with its subsidiaries, develops, markets, and supports a range of software, and combined hardware and software products and services for information technology security worldwide.
Sector: Technology
Industry: Security Software & Services
Trading Strategy:
On the chart of the week column you can see that I’m using CHKP too. It is good example how I’m trying with smaller time frame get better risk/reward what is most important measure for me. Weekly chart is clear and it is explained there and on the quarterly chart we can see that CHKP broke from loooong consolidation and initial stop will be under $25, main resistance and now support area. Of course if weekly chart will work and prove last week breakout action we will move stop quickly.
I will send all updates and if anyone will have any questions feel free to contact me in the room or over email (ivica@ivicatradingcharts.com ).
Date: 10/05/2009
Symbol: CHKP
Company Profile: Check Point Software Technologies Ltd., together with its subsidiaries, develops, markets, and supports a range of software, and combined hardware and software products and services for information technology security worldwide.
Sector: Technology
Industry: Security Software & Services
TRADING PLAN
Entry price: above: 29.05
Stop price: under: 27.40
Target: 35 areas
Chart explanation: This week I will use CHKP for position and swing setup. Actually we can start with swing trade what can turn in to position trade. On the weekly chart we can see that CHKP have “own way” and don’t care about market weakness last week. Despite of that CHKP made new high on higher volume after triangle pattern was broken. I will look for continuation and stop will be under previous week low because if that will happen then odds for fake breakout will increase
If anyone have any question or need update feel contact me over email or in the live trading room.
Position Trade
Date: 10/05/2009
Symbol: NUAN
Company Profile: Check Point Software Technologies Ltd., together with its subsidiaries, develops, markets, and supports a range of software, and combined hardware and software products and services for information technology security worldwide.
Sector: Technology
Industry: Security Software & Services
Trading Strategy:
On the chart of the week column you can see that I’m using CHKP too. It is good example how I’m trying with smaller time frame get better risk/reward what is most important measure for me. Weekly chart is clear and it is explained there and on the quarterly chart we can see that CHKP broke from loooong consolidation and initial stop will be under $25, main resistance and now support area. Of course if weekly chart will work and prove last week breakout action we will move stop quickly.
I will send all updates and if anyone will have any questions feel free to contact me in the room or over email (ivica@ivicatradingcharts.com ).
FOREX Corner - 10/05/2009
FOREX Corner - 10/05/2009
Time: 2:40 ET
Time: 8:40 GMT
Good day all,
If you have any questions, please contact me.
Good luck trading today!!!!
http://www.ivicatradingcharts.com/
Ivica
Time: 2:40 ET
Time: 8:40 GMT
Good day all,
If you have any questions, please contact me.
Good luck trading today!!!!
http://www.ivicatradingcharts.com/
Ivica
Market commentary for 10/05/2009
Market commentary for 10/05/2009
Good day,
We gapped down Friday started right to the support area which I mentioned in the previous commentary. It was nice for open short trades because it was opportunity to take more profit out or close open trades. But there was not much opportunity for new short setups, even on small time frames because indices were already on support area so it was too risky for new entries. On the other side, indices were too weak to be bullish so Friday became a day of patience without many new opportunities. We can see on the DIA 60 min chart it was 3d CCI setup. Actually it was long setup, but if we go back and look at 5/15 min charts we can see the pace and action was not good. Choppy action with slow pace was not a reason to be very bullish and after we had several really nice swing moves I think it was better to be patient and keep our profit than to give it back. The question is now what? Since the week is over I will add the weekly charts in this commentary.
Good day,
We gapped down Friday started right to the support area which I mentioned in the previous commentary. It was nice for open short trades because it was opportunity to take more profit out or close open trades. But there was not much opportunity for new short setups, even on small time frames because indices were already on support area so it was too risky for new entries. On the other side, indices were too weak to be bullish so Friday became a day of patience without many new opportunities. We can see on the DIA 60 min chart it was 3d CCI setup. Actually it was long setup, but if we go back and look at 5/15 min charts we can see the pace and action was not good. Choppy action with slow pace was not a reason to be very bullish and after we had several really nice swing moves I think it was better to be patient and keep our profit than to give it back. The question is now what? Since the week is over I will add the weekly charts in this commentary.
On the 60 min charts the indices reached an equal move and daily support area. The bounce pace is weak for now without good news we can see another move down which will form a double bottom. Looking for low risk setup we need to see a longer 60 min rest for a selling continuation which will turn into a third daily selling wave. If I find a short setup for Monday it will be on the 5/15 min time frame or “own way” chart, everything else will be risky.
On the daily charts I see the CCI under -200. That is an oversold area and enough reason to be very careful with new short setups. We can see the 50sma is still the support area and in bull trend many times that will be a trigger for a bounce. The problem is the pull back was too strong so charts don’t suggest a swing bounce. If you remember my MOVE-REST-MOVE, the MOVE was the second selling wave and now it is time for rest. For a selling continuation it is very important. If it is weaker than the selling pace it will form a base, triangle or flag then I will look for a third selling wave. With selling pace now the odds for that scenario are strong. Lets see weekly charts.
First I see is the 3d CCI short setup was triggered. Usually we can expect to see the 20sma as the target area for that kind of setup. Note that is usually not a rule. The indices are still above the 10sma and still in an uptrend. That will add caution but the CCI and selling volume support more selling pressure in the future and my conclusion is that I will look for a daily correction in hopes to find a good continuation pattern which will turn into a third selling wave on the daily time frame. Right now the charts suggest that scenario, but note, first we must see the daily correction and that will be the focus on Monday. Swing short setups Monday morning will be higher risk, unless it is an own way chart.
Wish you all good trading!!!
Kind regards.
http://www.ivicatradingcharts.com/
Ivica
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