Daily set ups on Nasdaq stocks.

Naz

Experienced member
1,391 24
%ge wise there are STILL BIG
moves all over the place in Nasdaq stocks and the same old set ups work time and time again.Being a t/a type of trader you can spot these every where.But if not there are loads of sites dedicated to showing you them.

The key is to enter at the right time,with a stop that is large enough to let the stock breath but small enough to keep any losses small.Typicaly working on a 1/3 risk reward works very well.If you only get your trades right 50% of the time then working with this risk/ reward will reap dividends.

In the example below you can see that CKFR is sitting on a fib retracement of its last major move.Any break of this is worth trading.It is a set up that has worked many times before as the example shows in MRVL when it fell through its support level at its 50% fib retracement.Readers from the market chat thread might remember this one.As you can see from the fall in MRVL you dont have to be an intraday trader to have profited hugely by shorting that stock over the following 7 days.

Remember of course that nothing goes exactly as planned all the time and a stop should be in place on every trade.As they say keep the losses small and let the profits run.
 

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