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Tuesday, 3 December 2013

High risk trading using new resistances

Although we do not really recommend high risk trading, you could still profit with high risk trading using our data when new possible resistances were found:
S&P 500 new possible resistance @ 1806 (S&P Futures' 1805)
Apple new possible resistance @ 560
Walmart new possible resistance @ 80.75
Amazon new possible resistance @ 394 & might also break below 390 but still possible to rebound & go higher
All resistances might just be temporary
Wait for stocks to strengthen & go higher before buying, to be safer

How to trade resistances that might just be temporary: (high risk)
Sell if it stays below & drops, buy if it breaks & stays above to go higher

S&P 500 new possible resistance @ 1806- 2 wins, 1 loss
Although S&P 500 broke above 1806 earlier, which might result in a loss at 11am EST because the resistance was indeed temporary only at that time
It's also possible to buy @ 1806 after it broke & stayed above to go higher for it to expire @ 1808.24 at 12pm EST
After S&P 500 started dropping from 1810 & resistance @ 1806 strengthened after 3pm EST, it would be a good chance to sell @ 1806 for it to expire @ 1802.77 at 3:30pm EST



Apple new possible resistance @ 560- 1 win
Apple continued to stay below & drop, expiring @ 557.80 at 11am EST or further below later

Walmart new possible resistance @ 80.75- 2 wins at higher risk
Walmart broke above resistance then drop below again & was unstable so we wouldn't recommend trading it, although there are still possible wins at higher risk
Sell @ 80.75 for it to expire @ 80.65 at 11am EST
Buy @ 80.75 for it to expire @ 81.11 at 1pm EST


Amazon new possible resistance @ 394- 2 wins at higher risk
Resistance @ 394 remained strong for the rest of the day but often stayed too close therefore not really safe to trade, although there are still possible wins at higher risk
Sell @ 394 for it to expire @ 392.51 at 2pm EST
Sell @ 394 for it to expire @ 392.30 4pm EST


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