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Day Trader Radio

Announcement Archive
October 2013

  • Tuesday After Hours

    briguy post

    posted by briguy

    Oct 29, 2013 2:55 pm

    Briguy's Breaking Briefs (DTR1, 4:30pm ET)

    What you turn on When the markets turn off.  Join us for news, earnings, and tunes.

    During show, you can reach me at:

    Twitter: @briguytrading

    Email briguy@daytradingradio.com  

    Text: 908-583-0485

    Reminder: I'll be broadcasting music and news through the main channel, so mute or pause the other channels to avoid any echo.

  • Monday After Hours

    briguy post

    posted by briguy

    Oct 28, 2013 3:31 pm

    Briguy's Breaking Briefs (DTR1, 4:30pm ET)

    What you turn on When the markets turn off.  Join us for news, earnings, and tunes.

    During show, you can reach me at:

    Twitter: @briguytrading

    Email briguy@daytradingradio.com  

    Text: 908-583-0485


  • Options Watch List 10.28.13

    posted by LearJet

    Oct 27, 2013 8:40 pm

    Click here to view this weeks options watch list.

    http://optionsedge.daytradingradio.com/edge/?p=1062

  • A Look At The Sectors

    posted by LearJet

    Oct 27, 2013 12:56 pm

    Updated: Holdings and Support & Resistance levels.

    Click here to view:

    http://optionsedge.daytradingradio.com/edge/?p=1063

  • This Week's HPS Video and Watch list have been uploaded

    daytraderockstar post

    posted by daytraderockstar

    Oct 26, 2013 3:02 pm

    This Week's HPS Watchlist 

    Steady as she goes... The ship is sailing and there is not much hanging over us to concern me for the near term but we all know it takes just one event to shake the markets and that's what I feel would need to happen for this market to get any sort of decent correction or pullback. Until then surround yourself with quality names and take advantage of the pull backs. If there was a group of 10 stocks I just wanted to hold for upside maybe my list would include these: V, DG, COST, TSCO   I would have to dig deeper to find the rest but there are stocks that will continue to just move up over time in this environment. I just don't have that time perspective when trading. So I take advantage of those type of names when they pull back. Simple formula in this environment. 

    I been working on some educational material that outlines the whole HPS method. Last week we went over Reversal Candles so go back and review that if you didn't see it. Today I want to share some charts on Channels and Trend Lines

    Patience is the key  Great stocks lead to great opportunity!

    DayTraderRockStar

     

     

  • Thursday After Hours

    briguy post

    posted by briguy

    Oct 24, 2013 3:28 pm

    Briguy's Breaking Briefs (DTR1, 4:30pm ET)

    What you turn on When the markets turn off.  Join us for news, earnings, and tunes.

    It's Movie Trailer Thursday. We'll also look at the Public Companies behind this weekend's films.

    During show, you can reach me at:

    Twitter: @briguytrading

    Email briguy@daytradingradio.com  

    Text: 908-583-0485


  • Special Members Only Contest: Guess the Opening Price for AMZN by 4pm Today

    daytraderockstar post

    posted by daytraderockstar

    Oct 24, 2013 11:50 am

     Special Members Only Contest: Guess the Opening Price for AMZN by 4pm Today
     
     
    Open only to members of DayTradingRadio.com

  • Tuesday After Hours

    briguy post

    posted by briguy

    Oct 22, 2013 3:34 pm

    Briguy's Breaking Briefs (DTR1, 4:30pm ET)

    What you turn on When the markets turn off.  Join us for news, earnings, and tunes.

    During show, you can reach me at:

    Twitter: @briguytrading

    Email briguy@daytradingradio.com  

    Text: 908-583-0485

    Reminder: I'll be broadcasting music and news through the main channel, so mute or pause the other channels to avoid any echo.

  • Monday After Hours

    briguy post

    posted by briguy

    Oct 21, 2013 3:08 pm

    Briguy's Breaking Briefs (DTR1, 4:30pm ET)

    What you turn on When the markets turn off.  Join us for news, earnings, and tunes.

    During show, you can reach me at:

    Twitter: @briguytrading

    Email briguy@daytradingradio.com  

    Text: 908-583-0485


  • Options Watch List 10.21.13

    posted by LearJet

    Oct 20, 2013 8:45 pm

    Next week, 29% of SPX companies will report earnings.  50% of the total companies will have reported by next Friday.  This is a big week between the earnings and Nonfarm payrolls on Tuesday.  Click here to view this weeks watch list: http://optionsedge.daytradingradio.com/edge/?p=1015

    I'm going to ask RPM to extend the free trial for Options Edge so everyone has a chance to view it.

     

    See you in the options room,

     

    -LearJet

  • CandleSticks in the HPS methodology

    daytraderockstar post

    posted by daytraderockstar

    Oct 19, 2013 11:05 pm

    As the markets rip higher and push charts to their limits, traders start to look for the market to collapse under it's own weight. I was seeing a tremendous amount of discussion on when to short the market and even myself have started to act on some high flyers by taking some puts and bearish ETF's. But I have seen this before and it's not a fight I want to be in, The more negative talk of the market needing to come back in or to rest, will just grind this market higher. I said this months ago. Not until people feel like they are missing the boat, or even better, my sister getting back into the markets, will this market sustain a correction more than a few weeks.  

    It's only been 5 years since the last financial meltdown, and that scarred a lot of people who had trusted the economy and the markets. Now, they see the Teflon market brush off debt issues, a divided government, unemployment, and anything else they can come up with. Maybe a new crisis? Nope. Been there with the situation with Syria and Russia. Earnings? Nope. Sorry. I know the Hindenburg Omen. Don't get me going on that one. This market might go down when WLT gets bought out, but pigs will fly then too and that we all know is bullish. 

    I don't make guesses in the market based on opinions. Everyone will tell you something's wrong but unless you put blinders on, you might miss the next big market move. I think I will get bulldozed in my puts but they are a good hedge at this point in the market. All I want to do is profit when the markets move up or down and we have. The last month was near perfect each trade a quality High Probability Set-up.

    For a special post, I decided to share what I will be looking for, in detail, when it comes to an opportunity to short this market. I probably will not initiate any new shorts until i see a clear reversal in the markets. For me, I focus on adding the reversal candles to the HPS core indicators, as we are extended and technically overbought and up against my target trend line 1745. I want to look for that reversal candle to show up. This could be in the indexes or individual stocks. Below is something you will see in a educational course I am writing for the HPS. This is a rough draft of a small section but felt it is important for the up coming week's


    The candle is comprised of two components; the body and the wick (sometimes referred to as “shadow”). The body shows the open and closing prices and the wick shows the high and low points throughout the trading period. The image below gives a basic understanding of what a candlestick looks like and how it works.




    Over time, as the HPS methodology was developed, I was able to add important indicators to the formula to increase the probability of the success for the trade and continue to see the results that would  unequivocally prove that this was the most successful method of trading in today's market. I would be fine with just keeping things as simple as they are, but over 19 years of trading I have noticed one more consistent signal that the markets produces that alone would be enough to trade on. When added to the HPS method and the underlying 5 studies (indicators) give us a tremendous entry for any trade long or short. To emphasize how good I know this is, if I was asked  “John, do you think there is a "Holy Grail" in trading?" (I of course know there is no such thing) would answer by saying, "The HPS indicators are like baseball players. You are not going to hit a home run every time, but if you go back through history and took all the greats and put them on one team, that would be the HPS. Adding these 5 reversal candles to the formula it really ties everything together."

     
    These reversal candles are, in a sense, the 6th indicator to be considered when they appear with any of the core indicators.

    And the rules apply still that we need 3 or more core indicators converging to be considered a HPS. Personally, I would probably trade 2 cores and a reversal candle stick.

    3 or 4 cores indicators and a reversal well that's as close as you will be to the Holy Grail.


    Lets take a look at those candlesticks.


    To be considered a reversal, there should be an existing trend to reverse. It does not have to be a major trend, but should be up for the short term or at least over the last few days. A dark cloud cover after a sharp decline or near new lows is unlikely to be a valid bearish reversal pattern. Bearish reversal patterns within a downtrend would simply confirm existing selling pressure and same for Bullish reversal patterns if we were to see a Piercing Pattern in an uptrend it really is just a continuation of the trend.

     

     HAMMERS:

     

     Hammer candlesticks form when a security moves significantly lower after the open, but rallies to close well above the intraday low. The resulting candlestick looks like a square lollipop with a long stick. If this candlestick forms during a decline, then it is called a Hammer. 


    DTRS TIP: This is my favorite reversal. Knowing that the HPS method we are already looking at quality names and usually in a pull back that has extended far enough to signal oversold levels on the stochastics and most likely pulling back to a lower area of interest defined by a channel or support area. The hammer tends to test those limits and violate them  taking out the remaining weak hands , stops etc. Then reverses and close on or near its highs and usually above the areal or support. This is a great set up and the hammer really confirms the entry zone.




    SHOOTING STAR:

    A single day pattern that can appear in an uptrend. It opens higher, trades much higher, then closes near its open. It looks just like the Inverted Hammer except that it is bearish. 




    Same applies as the Hammer just opposite.


    ENGULFING PATTERN:


    A reversal pattern that can be bearish or bullish, depending upon whether it appears at the end of an uptrend (bearish engulfing pattern) or a downtrend (bullish engulfing pattern). The first day is characterized by a small body, followed by a day whose body completely engulfs the previous day's body. 

     

     

     

     

     

     

     

     

     

     

    DTRS TIP: Another great candle to look for, Because it is not very common it is one of the candles technicians pick up on. Even though this is a great candlestick I would only trade it in concurrence with 2 or more core indicators lining up.



    Here is what a 2 day cross section of the pattern looks like to see how the stock gaps down and then moves up.




    DTRS TIP: When actively searching and scanning for HPS candidates, and I find a potential stock that is lining up properly, I will focus in on it. If I see a gap down (in the case of a long), and watch the action early on, (because it has multiple indicators lining up) I will look to start a position before the end of the day if we start trading above the previous days close . As I expect it to finish off with a strong candle. I can get a great position and very low risk entry.



    PIERCING PATTERN:


    A bullish two day reversal pattern. The first day, in a downtrend, is a long black day. The next day opens at a new low, then closes above the midpoint of the body of the first day. 




    DARK CLOUD COVER:

    A bearish reversal pattern that continues the uptrend with a long white body. The next day opens at a new high then closes below the midpoint of the body of the first day. The opposite of the Piercing Pattern.

    Here is a great example of the combination of oversold stochastics, and reversal candles. You probably could put in an underlying trend line on this chart too.




    We will leave off for here now. There are hundreds of Candlestick patterns but these are the key reversals and when they line up with the HPS indicators they are the best risk vs reward set ups out there.


    In the next segment, I will show you how to use volume and one of the best key volume signals to trade off of.

     


    DayTraderRockStar


    Remember, don't trade over your means and nothing is guaranteed. News trumps all patterns. Meaning outside influences like bad or good news will break chart patterns but there is a great strategies to  profit from that, but that's for another post

  • This Week's HPS Video and Watch list have been uploaded

    daytraderockstar post

    posted by daytraderockstar

    Oct 18, 2013 6:07 pm

    Have a great weekend.. Tomorrow look for a follow up video on ETF"s to use in a market correction.

    This week's Video  can be viewed by members here HPS Watch List

     

    DTRS

  • Thursday After Hours

    briguy post

    posted by briguy

    Oct 17, 2013 3:27 pm

    Briguy's Breaking Briefs (DTR1, 4:30pm ET)

    What you turn on When the markets turn off.  Join us for news, earnings, and tunes.

    It's Movie Trailer Thursday. We'll also look at the Public Companies behind this weekend's films.

    During show, you can reach me at:

    Twitter: @briguytrading

    Email briguy@daytradingradio.com  

    Text: 908-583-0485


  • What Me Worry?

    briguy post

    posted by briguy

    Oct 15, 2013 3:41 pm

    The market will keep doing what it does, and we will keep doing what we do: High Probability Setups for our trading, without trying to prognosticate.  More profit, less worry.


    Briguy's Breaking Briefs (DTR1, 4:30pm ET)

    What you turn on When the markets turn off.  Join us for news, earnings, and tunes.

    During show, you can reach me at:

    Twitter: @briguytrading

    Email briguy@daytradingradio.com  

    Text: 908-583-0485


  • Options Watch List 10.14.13

    posted by LearJet

    Oct 14, 2013 1:19 am

    Click here to view the watch list.

     http://optionsedge.daytradingradio.com/edge/?p=996

     

    -LJ 

  • This Week's HPS Video and Watch list have been uploaded

    daytraderockstar post

    posted by daytraderockstar

    Oct 11, 2013 9:13 pm

    This week, I discuss the rising wedge pattern we see forming. This would be a good place to have a plan of action if and when this market decides to take a rest for more than a week. I am not saying we are getting this next week, but I do see a good scenario playing out that we take out recent highs and then break down from the top range of the pattern. 

    The next video to be released this week is an outline and the different ETFs you can use to profit in a correction. Look for this mid week.

    News still is a factor, but the charts are very clear except for a 2 day flush last week that was caused by the news. It looks like we should get some more follow through early next week.

    This week's watch list is good, but we had a great 2-3 day move in a lot of positions I have a great short set up also 

    This weeks Watch List for members

    DTRS

     

  • ChartBounty Sign-up Information

    DTRBrian post

    posted by DTRBrian

    Oct 09, 2013 11:36 am

    DayTradingRadio is starting a new program for members of DTR called Chart Bounty. Members can submit charts that are considered HPS quality and style. These parameters will be outlined for you.

    For those interested in participating, please submit to me via email (dtrs@daytradingradio.com) the following:
     
    Your Name:
    Small Bio:
    Any social medial links (twitter, Facebook, email, etc) that you want to have in your profile:
     
    Recommended: If you would like to have a picture associated with your ChartBounty account, please sign up for a free Gravatar here https://en.gravatar.com/ and upload an image you'd like us to use for your TraderProfile. This will be associated with your ChartBounty email address(the email address you emailed us your information from)


    We would really appreciate if you could do this so we don't have blank images for your Trader Profile on ChartBounty

    Each trader that participates will have their own section and portfolio on the site along with other goodies
     
    ChartBounty is a collaboration of traders that search out stocks that have the best probability of profiting in the shortest amount of time. These are called Bounty Stocks and based off the High Probability Setup (HPS) methodology. The Chart Hunters receive a monetary bounty from myself if I take the trade based on their chart and also by donations from fellow traders that profit from their research.


    John

    Thanks and please get that info into me so I can finish the site and launch it

  • Tuesday After Hours

    briguy post

    posted by briguy

    Oct 08, 2013 3:18 pm

    Briguy's Breaking Briefs (DTR1, 4:30pm ET)

    What you turn on When the markets turn off.  Join us for news, earnings, and tunes.

    During show, you can reach me at:

    Twitter: @briguytrading

    Email briguy@daytradingradio.com  

    Text: 908-583-0485


  • Monday After Hours

    briguy post

    posted by briguy

    Oct 07, 2013 3:55 pm

    Briguy's Breaking Briefs (DTR1, 4:30pm ET)

    What you turn on When the markets turn off.  Join us for news, earnings, and tunes.

    During show, you can reach me at:

    Twitter: @briguytrading

    Email briguy@daytradingradio.com  

    Text: 908-583-0485


  • Options Watch List 10.7.13

    posted by LearJet

    Oct 06, 2013 6:53 pm

    Click here to view this weeks Options Watch List: 

    http://optionsedge.daytradingradio.com/edge/?p=956

    *Note - Earnings season starts this week!

    See you Monday,

    -LJ

  • This Week's HPS Video and Watch List Have Been Uploaded

    daytraderockstar post

    posted by daytraderockstar

    Oct 04, 2013 9:40 pm

    Most everything is said on video on what I expect for next week. I left out that I wanted to review the Utility Sector and start to watch some names. $DO is a nice flag and $SO is starting to look good. Now after reviewing again I still can't see these being better the the 3 Best bets for nest week. Enjoy and see you Monday

    Earnings kick off next week Both Tuesday and Wednesday are very Busy with AA and YUM Tuesday

    Wednesday COST, FDO, FAST, 

    Here this week's video

    DayTraderRockStar

  • Thursday After Hours

    briguy post

    posted by briguy

    Oct 03, 2013 3:31 pm

    Briguy's Breaking Briefs (DTR1, 4:30pm ET)

    What you turn on When the markets turn off.  Join us for news, earnings, and tunes.

    It's Movie Trailer Thursday. We'll also look at the Public Companies behind this weekend's films.

    During show, you can reach me at:

    Twitter: @briguytrading

    Email briguy@daytradingradio.com  

    Text: 908-583-0485


  • Briguy's Two-fer Tuesday Returns

    briguy post

    posted by briguy

    Oct 01, 2013 3:11 pm

    The government may be shut down, but here on DayTradingRadio.com, the show must go on!!

    Briguy's Breaking Briefs (DTR1, 4:30pm ET)

    What you turn on When the markets turn off.  Join us for news, earnings, and tunes.  Then...

    Briguy's Tools of the Trade (DTR1, 8:00pm ET)

    Tools of the Trade Returns!!

    Thank you to all the long time members here at DTR.  And welcome to the many new members as well. Tonight, Briguy returns with a new episode of Tools of the Trade.  We'll take a look at using Grids and Flexible Grids in the ThinkOrSwim platform.  Once you learn these steps, you'll be able to create custom layouts for your own trading system.

    As always, if you have a particular question about a feature on DTR, trading, or ThinkOrSwim, please email me (see below).  Or, better yet, join us for tonight's show, and we'll answer your questions live!

    See you tonight.

    ==============================

    Help guide future show content using this form: http://ow.ly/dYKW2.
    See you tonight at daytradingradio.com.
    Past Episodes & Member Feedback: http://ow.ly/jTQuw.

    My email briguy@daytradingradio.com.  

    Upcoming Shows: Member Interviews, Solo Monitor Trading Part II, Options Series Cont’d, Futures Options, Forex, Binary Options