CustomTradePlan

CustomTradePlan

MYGN is setting up a long term H&S. An aggressive sell option is triggering today on the close below the old pivot low with the stop past the head. H&S will not trigger until a break of the neckline near $27. Aggressive right shoulder buy and sell's fail, but the greatly increased risk/reward can help offset.

CustomTradePlan

Learn the CTP basics by getting our mini series free. customtradeplan.com Volume is everything. Tradingview does not show the full volume of SNAP compared to other charting packages. It may be best to watch our youtube video here to see the complete volume explanation. youtu.be In a nutshell, SNAP is overall still in a downtrend and is giving up the volume...

06:28

CustomTradePlan

DSW has switched back into a stage 2 uptrend on the weekly chart. Understanding what stage you are in can help explain so much of the moves during the days and weeks. This is a must learn piece of advice. To see a more detailed explanation, check out our 10 minute training on youtube about stages which can be seen here. youtu.be And if you'd like to join the...

08:30

CustomTradePlan Updated 

Here's a quick lesson on how to look at trading ranges with TSLA and FB as an example. Expansion to contraction is an excellent tool to help you go a little further on your trading journey. Learn more by joining the CTP Group. We will teach you how to use charts to do a top down approach on any stock in under 5 minutes just for joining. Look to get 1-4 emails...

CustomTradePlan

TSLA is having quite a bit of news these days. There are plenty of traders who will use that for fuel to look long or short. However, that's not what I want to do. I want to let the chart tell me what to do. As I'm not using my actual trading platform, a few things will have to be "givens". Feel free to look these up for yourself. This is how to trade...

07:32

CustomTradePlan

Recognizing high probability in HQ. Until we lose this $45 level, the higher probability is still to go long. Hope this video helps show you how to zoom out. When in doubt, zoom out. There's always a trade somewhere that's against the primary trend. This does not mean you should be taking it. Know the difference between patience and aggressiveness. Waiting...

CustomTradePlan

ROG has potential here to be a nice winner. The volume present just recently was the strongest volume over the last year of trading. This makes me consider it could be ending volume. However, with it being so close to the new year there is always a large amount of incoming capital during this time so the breakout volume could be aligned with that. Right now...

CustomTradePlan Updated 

NVDA has potential to break out on the 30 minute chart and run back to the longer term trendline near the 210 area. Notice the risk/reward is heavily skewed in your favor. Only look to take on a breakout past the current high at the blue arrow. Buy High, Sell Higher. Note: No guarantee implied or otherwise. All trades have risk. Only trade what works for...

CustomTradePlan

The 50ema is crossing above the 200ema for the first time since early 2016. The shaded box region is where past 20 day highs are at, forming this potential support zone. There are two potential buy options for this setup. As you can see, the R:R on the pullback presents a much better payout than the breakout option. You simply have to decide whether you can...