Technical Plays

Using the Opening Swing to Improve Your Trading

Jun 6th, 2016 | By | Category: General Comments, Intraday Levels, market structure, Technical Plays, Traders Ask, Trading Conversations
Last Friday, during our weekly Trading Conversations webinar, we had a lot of great questions from our community - like we do most weeks! One question was about analyzing stocks right around the open, from the first minute to the first hour or so of trade. Keeping with the live and interactive spirit of Trading Conversations, I asked users to give me a ticker or two and I would display how I analyze them around the open. The group chimed in with  $BABA and $CIEN. The concept I taught was one of quickly framing the intraday context of a stock with a tool called the “Opening Swing”. Let’s jump into the details. I define Read more [...]


Trade Review: Buying SPY & IWM pull backs

Mar 13th, 2016 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Technical Plays, Trading Lesson
Thursday March 10th was a day many traders had circled on their calendars. Often the greatest short term trading opportunities will occur on days where major economic news is announced. The monthly jobs number, quarterly GDP, FED rate decisions and ECB monetary policy fall into this category. Thursday the ECB was set to announce what steps it was planning to take to offer continued stimulus for the EU. The context of this decision was that it was set to occur after several strong weeks in the US stock market. When you watch financial TV or listen to financial punditry there is a lot of time spent trying to explain why the market Read more [...]


Inside The Trading Vault – a look at GPRO and KO

Sep 14th, 2015 | By | Category: General Comments, Technical Plays, Trader Development, Trading Ideas, Trading Lesson, Trading Psychology
Trading Vault Concept - "When evaluating a chart, continually ask yourself why buyers or sellers behave in a specific way - and what it means to them when support and resistance levels are made and broken" Many of us are up and coming traders who have consistent issues with the 'WHY' to enter a trade.  Meaning, we don't have a hard lock on when to get into a trade- probably because we have some kind of deep seated feeling like it is a gambling event.  So we tend to roll dice. Those managing large amounts of money or very large portfolios do not move without proper reasoning- and lots of it.  Not saying that the reasoning Read more [...]


Inside The Trading Vault – A look at CL_F

Aug 5th, 2015 | By | Category: General Comments, Intraday Levels, market structure, Technical Plays, Trader Development, Trading Ideas, Trading Lesson, Trading Theory
      Trading Vault Concept - "When charts are in a trend, we are often tempted to pick bottoms or tops because we FEEL a chart has reversed enough.  The slightest drift over or under a level, we trigger our trades to initiate a trade in the direction of the move, but in these markets breakout and breakdown levels are part of a wave retracement event, not an isolated event.  If the chart does not hold its retracement, the move is failed. This can keep me out of bad trades and failed moves.   Learning to implement a strategy that uses this market behavior is essential to consistent trading results" Let's Read more [...]


Inside The Trading Vault – The ES_F

Jul 30th, 2015 | By | Category: General Comments, market structure, Technical Plays, Trading Ideas, Trading Lesson
Trading Vault Concept - "Trading charts profitably and with consistency depends on how well the trader understands the current market structure and relationships between buyers and sellers.  Once we understand these formations and structures, we become much more capable of creating our own consistent strategies that perform with a high degree of reliability and consistently."   Trading the ES_F overnight and into the morning for 7/30/15 and 7/31/15 The ES_F sits above an important decision price point of 2101.5 as we move into the early evening and there are signs of positive momentum showing, though the drift up is not Read more [...]


Why Netflix Was A Short Today

Jun 21st, 2015 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Technical Plays, Trading Lesson, Trading Theory
Netflix has been on quite a tear since they reported strong earnings in April trading higher by more than $200. But for short term traders who each day look to trade lower time frame trends NFLX offered a good short setup Friday morning. These are some factors I considered prior to sharing the setup in our morning meeting. Netflix had a huge blow off top the prior week moving up $60 in 1.25 trading days. Following that blow off top it trades $50 lower before starting to move high the prior few days. Typically, after a stock tops and trades lower it will begin to narrow its trading range without a major news catalyst. Oppenheimer Read more [...]


The First Trade We Teach (An Example with $DSW)

Aug 28th, 2014 | By | Category: Ask Bella, Technical Plays, Trader Development
Good afternoon. I hope this email finds you well. I have spent many hours over the past few weeks reviewing your YouTube videos, blog posts and anything else that I can get my hands on that offers a glimpse into how your trading desk makes money. I'm about 2/3 of the way through your book One Good Trade I have been trading on a demo for the past few days and today everything I have read lined up on a particular stock and I wanted to share it with you. I was doing my morning routine of checking In Play stocks, reviewing the news and checking important levels. One stock in particular jumped out at me and the reason was because it Read more [...]


GoPro ($GPRO) Momentum IPO Trade

Jun 27th, 2014 | By | Category: Mike Bellafiore's (Bella's) Blogs, Technical Plays, Trade of the Week, Trading Lesson
Mike Bellafiore, author and co-founder of SMB Capital and SMBU.com highlights a Momentum Trade opportunity in the IPO GoPro (stock symbol $GPRO) with our college training class. Some Highlights: Mike explains the buy signal for this momentum trade. Technical levels in IPOs just one trading day old are significant. Understand this is a momentum trade which has little to do with the company's fundamentals. How do you exit? Enjoy the video! "You can be better tomorrow than you are today!" Mike Bellafiore is the Co-Founder of SMB Capital and SMBU, which provides trading education in stocks, options, forex and Read more [...]