Daily Trader: Trading Ideas For August 26th, 2014

Following are our trade ideas for our Daily Trader portfolio for Tuesday August 26th, 2014. These are short-term trading ideas that are normally closed either the same day or in next few days. Trade nimbly.

  1. Bitauto Holdings Ltd. (BITA)
    • Direction: Long
    • Entry: ORB (Opening Range Bar – first 30 minute candle) break out
    • Stop: Below ORB or 1  point from entry
    • Target: 1 point from entry
    • Pattern: Expansion Candle / All Time High


  2. Clovis Oncology, Inc. (CLVS)
    • Direction: Long
    • Entry: 46.83
    • Stop: 45.36
    • Target: 48.31
    • Pattern: Expansion Candle / Resistance Break


  3. 21Vianet Group Inc. (VNET)
    • Direction: Long
    • Entry: 31.42
    • Stop: 30.45
    • Target: 32.22
    • Pattern: Expansion Candle


  4. TRW Automotive Holdings Corp. (TRW)
    • Direction: Short
    • Entry: 94.31
    • Stop: 96.60
    • Target: 89.97
    • Pattern: Expansion Bar


  5. VMWare Inc. (VMW)
    • Direction: Short
    • Entry: 99.35 or ORB (Opening Range Bar – first 30 minute candle) break down
    • Stop: 101.45 or above ORB
    • Target: 95.90
    • Pattern: Expansion Bar


  6. Tyler Technologies Inc. (TYL)
    • Direction: Short
    • Entry: 89.40
    • Stop: 90.85
    • Target: 87.53
    • Pattern: Expansion Candle / Potential Channel Break


  7. Medivation Inc. (MDVN)
    • Direction: Long
    • Entry: 89.00
    • Stop: 87.88
    • Target: 90.78
    • Pattern: Resistance Break / Expansion Candle


  8. USSilicaHldgs Inc (SLCA)
    • Direction: Long
    • Entry: 66.59
    • Stop: 65.49
    • Target: 67.93
    • Pattern: Expansion Candle / All Time High


  9. JD Com Inc. (JD)
    • Direction: Long
    • Entry: 31.55
    • Stop: 30.59
    • Target: 34.71
    • Pattern: Expansion Candle / Potential Resistance Break


Previous Trades Update:

Two of our trades were triggered on August 25th.

  • LNKD (long) triggered and stopped out for 1.8% loss
  • UA (long) – raise the stop to 69.95 and maintain the target at 73.89

Trades Triggered on August 22nd.

  • C (long) – we will continue to hold onto this long trade. Move the stop to 51.03 and maintain the target at 53.30.

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
Print Friendly, PDF & Email