MS | thetechnicaltrader.net

This is a watch list of potential trades for Tuesday. To recieve Real Time trade alerts if i go long/short in any of these stocks test out a FREE 14 Day TRIAL to Black Service.
Black Service Stock Picks are up over 100% in 2008!

Tags: Add new tag, Bullish Stock Charts, gs, MS

Monday Black Service Day Trading Review – 1 for 2 on MS and PNX

Oct 14, 2008 Day Trading, Small Cap Stock Picks, Technical Analysis

It was a decent day for some trading opportunities, almost too many opportunities that it was hard to catch anything at the right time trying to follow so many different stocks. As well by mid day as we were up around 600 points i was skepticle to see the market continue higher. Yet i guess we can’t be surprised by anything in this current market environment.

Day Trading Stock Pick #1 – Long MS

MS always seems to treat me better than bad as i usually can pull a profit on this stock. Yet it is a dangerous stock as it can move so much so quickly on an extreme amount of volume. I picked up some shares and alerted our Black Service members to go long at 14.76 as price was consolidating in a nice looking ascending triangle pattern.

Note that you don’t want to go long on the first breakout of a stocks resistance as it usually leads to a false breakout. The 3rd breakout from a resistance point is the most reliable move to play. Not to say it always works because it doesn’t. But its the safest. Although secondary breakouts do happen as well as i was watching RRI today for a long position and missed it as it broke the secondary breakout point around 5.45 when i was waiting for a 3rd. So sure i missed that one, but trying to play secondary breakouts all the time and your pressing your luck. You will have a better success rate play the 3rd thus make winning trades more consistently.

I took profits shortly after on MS near $16 which was the current high of day area at the time for a solid 7%+ day trade. MS sold off and then continued on after that but in this hectic market i’m not looking to gamble and see what may happen towards the rest of the session. I’m in, I’m out, i made some scrilla!

Day Trading Stock Pick #2 – Short PNX

Second stock i attempted to tackle had a very high risk/reward ratio as PNX had traded up from 2.68 to just under $7/share in 2 trading sessions making a short with a tight stop very attractive here. Early in the morning it appeared momentum was in our favor for the bears as the gap up broke down and i went short at 6.40 and alerted Black Service Members.

Holding throughout the session it whipsawed up and down in a triangle formation until finally with the market becoming increasingly strong i decided to cover this position for small loss of just 2% before it could make significant damages to my MS day trade. This stock still has a very strong potential for a short later into this week but needed to cut my losses for now which turned out to be a very wise decision as it brokeout from its intraday triangle.

Tags: day trade, Day Trading, MS, PNX, stock pick, Technical Analysis

Untitled Document

2009-10-13 22:04:48
Ive been following Fous since my last year of college, so that makes it about 2 years now. When I first started following his site I couldnt believe how often he was right, and how consistent he was. He was picking 80-90% winners. 2 years later he is still going strong and making everyone money. He is a cool guy, real friendly and answers your questions. You wouldn’t believe how much you can learn just by watching him and his all-star team trade. Every regular brings different ideas and trading styles. I rarely talk on the boards because I follow his trades on my cell phone while at work. I love being able to make double money. My daytime salary and my TTT.net trades.As long as I am trading, I will be trading with Fous.

-craig2000000

2009-07-21 20:05:55
Ive been a member since 03/2007 and will stay a member forever. If your looking to make money then Cameron Fous is your man!

ML953636

2009-08-06 07:25:55
I have been with fous for 3 years now. If I had to describe him in one sentence it would be this. “A disciplined trader with a uncanny ability to spot highly profitable charts.”

Other sites just give you stock picks but fous lives by this…..
“Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.” He has given me great profits through his stock choices, but more importantly and invaluable, he has been very open with his insight.

On a personal note to fous —— Thank you for your generosity of knowledge. If someone asked me where you will be in 10 years I would say head of a multi billion dollar hedge fund. I would be confident in giving you money to trade because of the trust you have earned and the discipline you have shown.

Sincerely, mysher

2009-07-21 19:37:59
Whether you’re at work or at home during trading hours, there is no excuse not to be able to follow Fous. I work full-time and can not sit in front of my computer to wait for Fous’ picks. As a member, Fous’ real time picks are now sent to me via text messaging. Once sent, I pull up my account and follow Fous. Can’t go wrong with 1200% over 3 years. Thanks Cameron Fous!!! Love the text alerts!!

22 Guests, 1 User
kevin1985

thetechnicaltrader.net

Posts Tagged ‘MS’

Video: Cashed in for Some Profits Day Trading IPG, AIG, LVLT, and MS

Stock Short List for 10/14/08

Bullish Stock Charts And Shorting Stock Ideas

Monday Black Service Day Trading Review – 1 for 2 on MS and PNX

Archives

Blogroll

Categories