Trend Trading for a Second Income

[FXfreddie]

The Trend Trading for a Second Income Journal will aim to identify and discuss some high quality stock picks for trend trading, using trend pullbacks as the preferred methodology.

The stock universe will focus on FTSE-350 Stocks, but will occasionally also seek to journal some possible plays on US Stocks, Commodities & FX.

The goal is to compound trading capital at an attractive rate using simple plays that focus on very defined risk profile (a repeatable and conservative methodology).

Hope it helps your trading!

 

[AndyDemi]

Hi I will be contributing to this forum regularly with my stock picks. I have had good success trading both stocks and FX but I will solely concentrate on stocks here. If anyone wants to post there own selections for discussion or if you want to ask questions feel free. I am a full time trader for many years so should be able to give you some help and advice to get you trading successfully.

 

[tradingbeliefs]

Hello fellas,
Good to see you on board here. I look forward to seeing your plays.
Best of luck.
P

 

[FXfreddie]

FTSE 350 Stocks to Watch for Possible Pullbacks

A few big breaks to new highs, we'll watching a few big volume breakout names for possible pullbacks.

Stocks we want to follow up on over the next couple of days include:

• EEN - Emerald Energy Long
• JKX - JKX Oil & Gas
• ARM - ARM Holdings
• INCH - Inchcape

We will wait to see if quality opportunities emerge
"Patience is bitter, but its fruits are sweet"

 

[AndyDemi]

Cheers Paul. Feel free to post things that you see too. We want to build this into a big community of traders

 

[FXfreddie]

TLPR and GS - Separated @ Birth?

This thread will also try and point out some observed similarities between hot stocks stateside relative to hot stocks in the UK.

Traders should have a look at the following comparison

The "W" type break out formation from the recent action in
TLPR - Tullett Prebon plc
&
GS - Goldman Sachs

Both stocks have just broken out on some above-average volume, and both stocks are amongst the top-performers within their respective peer groups (UK Financials, US Financials)

Worth monitoring and waiting to see if a quality pullback entry emerges, we will keep you posted.

 

[tradercobb]

Good going guys.

I look forward to seeing what you come up with.

Again well done and best of luck.

 

[tradingbeliefs]

A & F, can I suggest that if you're not doing so already that you tweet links to your posts? Should help drive more Traders to your thread.

This thread will also try and point out some observed similarities between hot stocks stateside relative to hot stocks in the UK.

Traders should have a look at the following comparison

The "W" type break out formation from the recent action in
TLPR - Tullett Prebon plc
&
GS - Goldman Sachs

Both stocks have just broken out on some above-average volume, and both stocks are amongst the top-performers within their respective peer groups (UK Financials, US Financials)

Worth monitoring and waiting to see if a quality pullback entry emerges, we will keep you posted.

 

[noelmason]

Morning guys

Morning All - thanks for the thread and best wishes on your new venture

 

[FXfreddie]

FTSE 350 Stocks Pullback Watch

Here is the follow up on yesterday's candidates for possible pullback plays. It's still mostly a waiting game, though the broader market indices have shown some signs of life in the last 2 days.

Possible Plays for Today
1. ARM - ARM Holdings - the breakout pulled back on below/avg. volume yesterday and gave us a signal to go long. Entry Trigger = buy stop above yesterday's high of 131.5 / Protective Stop Loss level = below yesterday's low of 125.75. Stock is making new highs for 2009, US tech sector strength probably helping it out. Next update after today's close = we'll see if it gets filled or aborted (i.e. violation of yesterday's lows)
Wait and See for Pullbacks for Today
1. EEN - Emerald Energy - has not pulled back yet, the break had good volume and yesterday's light volume could create opportunity within consolidation. Next update after today's close.
2. JKX - JKX Oil & Gas - the breakout pulled back on above/avg. volume. Has not printed a daily bar with our signal for entry trigger. Next update after today's close.
3. INCH - Inchcape - the breakout continued on above/avg volume, waiting for pullback and a daily candle that prints signal for entry. Next update after today's close.
4. TLPR - Tullet Prebon - the breakout continued on above/avg volume, waiting for pullback and a daily candle that prints signal for entry. Next update after today's close.
5. GS - Goldman Sachs - the breakout continued on avg volume = still looks very similar to TLPR chart. Waiting for pullback and a daily candle that prints signal for entry. Next update after today's close.

As a special note for today, the specific breakout signals that alerted us to the stocks listed above have shown up on the daily charts of the following stock indexes: FTSE 100 & FTSE 250, Nasdaq Composite & Naz-100 and the S&P-500, as well as the DAX, CAC-40, and SMI . Therefore we will watch these as well. A few notable observations on the indices include (A) the Nasdaq indices stand out as being at 2009-YTD highs in comparison to the other indices (B) the volume patterns on the indices are less powerful than those that appeared earlier in March-April-09 = summer seasonality kicking in.

Hope you enjoy the updates and take a look at the daily charts noted above.

 

[andynic]

I'm intrigued by the parallel you draw between TLPR and GS, I will keep an eye on that relationship

 

[AndyDemi]

Hey all. I have reviewed the FTSE sectors and indices and the AFA Pro Signal is having a lot of bullish indications for the stock market. This is still a time for caution as we are waiting for further confirmation but I will be looking for high quality signals to the long side and will be producing some videos of any top setups. Here is a list of the sectors and the directional focus.

Long

Banks
Beverages
Equity Investment
Fixed Line Telecoms
Gas Water & Multiutilities
General Financials
General Industrials
General Retailers
Industrial Engineering
Industrial Metals
Media
Mining
Oil & Gas
Oil Equipment
Real Estate
Support Services
Technology Hardware
Travel & Leisure

Short

Electricity
Health Care Equipment
Software & Comp Services

This is just based of the Pro Signal ad we'll be doing further analysis using our trading methodology to select trades.

Watch out for further posts.

 

[rathcoole_exile]

you are undoubtedly the same person masquerading under multi-nicks for some soon-to-be-revealed scam. good luck with that.

 

[Lightning McQueen]

well thats blown covert ops.

oh well, never mind chaps, stake outs over, back to the arcade :whistling