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.

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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