Daily Trader: Trading Ideas For August 14th, 2014

Following are our trade ideas for our Daily Trader portfolio for Thursday August 14th, 2014.These are short-term trading ideas that are normally closed either the same day or in next few days. Trade nimbly.

  1. Canadian Solar Inc. (CSIQ)
    • Direction: Long
    • Entry: 31.24 or ORB (
    • Stop: 29.84
    • Target: 33.30 (Watch out for resistance at 32.14)
    • Pattern: Expansion Candle


  2. FleetCor Technologies Inc. (FLT)
    • Direction: Long
    • Entry: 143.00 or ORB (Opening Range Bar – first 30 minute candle) breakout
    • Stop: 140.14 or below the ORB
    • Target: two points from entry
    • Pattern: Expansion Breakout / All Time High


  3. American Realty Capital Healthcare Trust, Inc.(HCT)
    • Direction: Long
    • Entry: 10.97
    • Stop: 10.50
    • Target: 11.41
    • Pattern: Expansion Bar


  4. PetroleoBrasileiro (Petrobras) (PBR)
    • Direction: Short
    • Entry: 15.17
    • Stop: 15.80
    • Target: 14.60
    • Pattern: Expansion Candle / Support Break Down


Previous Trades Update:

Four of our trades triggered on August 13th. If you have not already closed them then modify the stops and target levels.

  • CAR (long) – modify stop to 65.00 and target to 66.09
  • SIMO (long) – modify stop to 26.00 and target to 27.21
  • SBGI (short) – set the stop to 30.96 and target to 29.98
  • ANAC (Long) – hit the target and closed for 2.5% gain

Trades triggered on August 12th:

  • BVN (long) hit the target for 1.0% gain
  • OVTI (long) also hit the target and returned 1.5%
  • KING (short) gapped at the open and closed for 28.6% gain

Please Note: These are short-term trade ideas that we normally close in a day or two. Some of the trades are held longer based upon the price action. If there is abnormal price action then act accordingly to either lock-in the profit or limit the loss. We do send out alerts if there is any abnormal price action. Remember to check this site for alerts and further updates.
  • We usually avoid taking a position if there is big gap-up or gap-down.
  • If there is a gap-up or gap-down then if in the first half hour there is a snap-back or pull-back to our original entry then we take that unless the price ran away too much and then snapped-back or pulled-back
  • If there is no snap-back or pull-back in the first thirty minute then we wait for the ORB (Opening Range Break - a break above or below the first thirty minute candle - in the original trade direction
  • If the entry is based upon the ORB then the stop is usually beyond the other end of the bar.
  • Remember to position size based upon your risk-tolerance
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