Daily Trader: Trading Ideas For September 5th

Here are some trade setups for our Daily Trader portfolio for Non-Farm Pay-roll Friday September 5th, 2014. These are short-term trading ideas that are normally closed either the same day or in next few days. Trade nimbly. Costco Wholesale Corp. (COST) Direction: Long Entry: 125.27 Stop: 123.94 Target: 126.95 Pattern: Expansion Candle / Gap Up…

Trading Notes: Thursday September 4th

ECB President Mario Draghi gave a fresh impetus to the market rally by cutting ratesĀ and announcing Quantitative Easing. The futures jumped and the market opened higher. Some of our trade setups triggered. For others adjust the entry levels based upon ORB (Opening Range Bar – first 30-minute trading candle). GD (long) – some of you…