Chart of the week

Chart of the week

Date: 02/01/2010

Symbol: HRL

Company Profile: Hormel Foods Corporation, together with its subsidiaries, produces and markets various meat and food products in the United States and Internationally. It offers meat products, including fresh, frozen, cured, smoked, cooked, and canned meat.

Sector: Consumer Goods

Industry: Meat Products

TRADING PLAN

Entry price: long above: 39.00

Stop price: stop under: 38.50

Target: 40 - open

Chart explanation: HRL look like “own way” chart and there was no reaction on market weakness. It stayed in daily triangle and I will look for breakout setup above 39.00 Depends on breakout pace and volume I will decide if can turn to more then $40 what is initial target area

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/

FOREX Corner - 01/29/2010

FOREX Corner - 01/29/2010

Time: 02:50 ET
Time: 08:50 GMT

Good day all,



If you have any questions, please contact me.
Good luck trading today!!!!
http://www.ivicatradingcharts.com/
Ivica

Watch list for 02/26/2010

Watch list for 02/26/2010

http://www.ivicatradingcharts.com/Mentoring.aspx

Ivica Juracic

Chart of the week - Trade of the week

Chart of the week

Mentoring program (exclusive)

For all who want more and be independent and successful trader.

Date: 01/25/2010

Symbol: SYK

Company Profile: Marsh & McLennan Companies, Inc., a professional services company, provides advice and solutions in the areas of risk, strategy, and human capital. The company operates in three segments: Risk and Insurance Services, Consulting, and Risk Consulting and Technology.

Sector: Financial

Industry: Insurance Brokers

TRADING PLAN

Entry price: long above: 22.10

Stop price: stop under: 21.50

Target: 24-25 areas

Chart explanation: MMC holding better then market at this point. Consolidate between 10sma as resistance and 50sma weekly as support area. If will break above 10sma I will be interested for rounding bottom setup and I will look for bounce to high. After possible setup first stop will stay 50sma and after that I will trail stop

If anyone have any question or need update feel contact me over email or in the live trading room.

TRADE of the week

E x a m p l e 1
Symbol: ASIA

Entry date: 01/20/2010
Exit date: 01/22/2010

TRADING PLAN
Entry price: 27.95
Stop price: 29.00
Target area: 25 areas

Entry chart

RESULT

Exit price: 24.55
Result (%): 12.16
Result ($): 3.40
Risk/reward: 3.24

Exit chart

E x a m p l e 2
Symbol: RTI
Entry date: 01/21/2010
Exit date: 01/22/2010

TRADING PLAN
Entry price: 26.70
Stop price: 27.40
Target area: 25 areas

Entry chart

RESULT

Exit price: 25.00
Result (%): 6.37
Result ($): 1.70
Risk/reward: 2.43

Exit chart

if you don’t understand trade or need more explanation feel free to contact me and I will give additional explanation.

Ivica Juracic

http://www.ivicatradingcharts.com/

Chart of the week

Chart of the week

Date: 01/04/2010

Symbol: SYK

Company Profile: Stryker Corporation, together with its subsidiaries, operates as a medical technology company worldwide. It operates in two segments,

Sector: Healthcare

Industry: Medical Instruments & Supplies

TRADING PLAN

Entry price: long above: 56.15

Stop price: stop under: 54.38 (55.50)

Target: 10 areas

Chart explanation: SYK formed weekly continuation pattern. Setup is above previous week high and stop is under previous week low. I will look for breakup on new high and if that will be case at Monday I will use stop under 55.50 (under previous low on 60 min time frame). Generally stop is under previous week low, but we need to follow intraday action too, what can increase reward. First resistance is at $57.50 and finally target will be at $60 resistance area. Also I will follow CCI on daily time frame what will give us breakout confirmation. As always it is important to follow breakout pace and volume

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/

Stock Corner – 01/13/2010

Stock Corner – 01/13/2010
www.ivicatradingcharts.com


LONG:

SHORT:





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Good luck

Ivica Juracic

Position Trade

Position Trade

Date: 01/11/2010

Symbol: CELG

Company Profile: Celgene Corporation engages in the discovery, development, and commercialization of innovative therapies to treat cancer and immune-inflammatory related diseases primarily in Europe and the United States.

Sector: Healthcare

Industry: Biotechnology

Trading Strategy:
CELG monthly consolidation under 20sma (blue line) is my interest. Also forming cup and handle pattern o0n the monthly and daily time frame. But also smaller time frames are interested for day, swing and finally position trade. That is what I like from “whole picture”, support on several time frames. We can see that CELG consolidate at 60 min chart what can lead in to day and swing breakup. Also can lead to monthly breakup what is interest here. But like to note that I will follow for smaller time trades too.

I will send all updates and if anyone will have any questions feel free to contact me in the room or over email (danded2005@inet.hr).




Wish you good trading!!!!

Ivica Juracic
http://www.ivicatradingcharts.com/

Chart of the week

Chart of the week

Date: 01/04/2010

Symbol: GT

Company Profile: The Goodyear Tire & Rubber Company engages in the development, manufacture, distribution, and sale of tires and related products and services worldwide.

Sector: Consumer Goods

Industry: Rubber & Plastics

TRADING PLAN

Entry price: short under: 14.00

Stop price: stop above: 14.75

Target: 10 areas

Chart explanation: I like GT bear flag and that is main idea. In case that we will see market correction on weekly time frame I will expect from GT to see selling continuation and I’m using bear flat for trading plan. First support will be 12.50 and 50sma (green line) area. After that previous low and finally support area (target area) will be 10 areas. But I like to note again that I want see market support for target area. If GT will stay in flag pattern, it will be interested and on watch list until will stay under 20sma (blue line). If GT will break above 20sma on weekly time frame then GT will be canceled.

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/