jmtbernardo

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About me Independent Option Trader. Most of my trades are swing trades, I try to keep as simple as possible.
Joined USA
Basic emotions are the true and deadly enemy of the speculator, because it distorts reason. Greed, fear, impatience, hope and ignorance of market. By "Jesse Livermore"
Markets Allocation
76 % stocks 1 % forex 23 % other
Top Mentioned Symbols
SPY 17% | 14 GLD 4% | 4 ZSL 3% | 3 DE 3% | 3
jmtbernardo jmtbernardo SPY, D, Long ,
SPY: SPY S&P500
242 0 3
SPY, D Long
SPY S&P500

Long term trend still bullish according to moving average 200, Ascending Channel, and it continues to make higher highs and higher lows.

jmtbernardo jmtbernardo SPY, 30,
SPY: Follow the clues "Education on price action only"
189 0 1
SPY, 30
Follow the clues "Education on price action only"

Clues are piece of information/evidence/facts that helps investigators to discover/solve sequence of an event. In this case, these clues are used to identify the sequence of price action/trend. These clues also can be used as signals to confirm price action direction or even a sequence of multiple trends. Left upper corner there are 3 clues that is informing us ...

jmtbernardo jmtbernardo XOM, D, Long ,
XOM: XOM Setup
90 0 1
XOM, D Long
XOM Setup

The stock in higher time frames continues to make higher highs and higher lows. The idea here is to wait and see if price action tests the support line and then bounces from it. If it bounces that is your entry. Below the support line there is the stop loss zone in case the trade does not go accordingly.

jmtbernardo jmtbernardo SPY, D, Long ,
SPY: SPY Opportunity knocking on the door!!
692 22 6
SPY, D Long
SPY Opportunity knocking on the door!!

As swing trader, these levels are golden opportunities to buy. As you can see, every time we approach this support, the market bounces back. Remember, the best time to buy is when most people are bearish.

jmtbernardo jmtbernardo SPY, D, Long ,
SPY: SPY
269 8 2
SPY, D Long
SPY

Several reasons to continue to be bullish on SPY. Oversold condition, ascending channel, the moving averages (100)(200) continue to be below price action and both will act as support if price action descend upon it.The last support is also a fibonacci level. Cheers fellow traders.

jmtbernardo jmtbernardo SPY, D,
SPY: Setup for SPY
283 2 0
SPY, D
Setup for SPY

Ascending channel with lower and higher time frames of fibonacci levels.

jmtbernardo jmtbernardo USO, D,
USO: USO Psychological Levels
101 0 2
USO, D
USO Psychological Levels

These Fibonacci levels are important to consider when trading USO, specially the levels 0.382, 0.5 and 0.618. As always use different techniques when trading to increase your probabilities/odds. Cheers!!!

jmtbernardo jmtbernardo IWM, D,
IWM: Education on the three types of trendlines.
588 1 4
IWM, D
Education on the three types of trendlines.

Trendlines come in three flavors: external, Internal, and curved. External trendlines do not cut through prices, but rest along the tops or bottoms of the peaks or valleys. Internal trendlines do cut through prices, so that is what differentiates an internal trendline from an external one. Sometimes price action is not straight, but curved. Draw a curved ...

jmtbernardo jmtbernardo FB, D, Long ,
FB: FB Facebook Setup
324 2 2
FB, D Long
FB Facebook Setup

Setup for FB Facebook with clones based on price action and Fibonacci Retracement. Stop loss is 38.55, entry at 40.23, target approximately at 44.20. I forgot to tweak the perpendicular lines, so I will post below, on the comment section.

jmtbernardo jmtbernardo BBY, 15,
BBY: BBY Divergence
146 2 1
BBY, 15
BBY Divergence

This chart objective is to show how RSI and fisher indicator detects divergences. This technique is very powerful, once it is mastered. Happy fishing traders.

jmtbernardo jmtbernardo SPY, 60,
SPY: Education on Relative Strength Index - RSI
504 0 5
SPY, 60
Education on Relative Strength Index - RSI

Failure swings use the same concept as HH,LH and HL, LL. Markets change constantly, so adjust your settings according to the market you are trading in. (bull/Bear/range) High length number are more smooth, but gives less signals. Low length number will give more signals, but gives more whipsaw. This indicator can also be used to identify divergences. If RSI ...

jmtbernardo jmtbernardo GLD, D, Short ,
GLD: GOLD (GLD) Avoid catching falling knifes!!!!
342 1 0
GLD, D Short
GOLD (GLD) Avoid catching falling knifes!!!!

Gold has another counter move/retracement. According to Investopedia, "The movement of a security's price against the current trend. A counter move occurs soon after the original trend and in the opposite direction, but by a lesser amount. Gains had by trading on countermoves are usually smaller because the full market swings are not recognized. " Source: ...

jmtbernardo jmtbernardo SPY, 60,
SPY: Setup for SPY Fibonacci techniques with Clones.
998 17 5
SPY, 60
Setup for SPY Fibonacci techniques with Clones.

This chart contains Fibonacci retracements and wedges to forecast psychological areas of support or resistance. The first Fibonacci retracement is lined up with price action that touches multiples times on the retracement, thus this levels has higher probability of influencing price action in the future. I also utilized the technique of Sierpinski fractal triangle ...

jmtbernardo jmtbernardo EURUSD, D,
EURUSD: Trading RULES!!!
1026 11 38
EURUSD, D
Trading RULES!!!

I added additional information on this description!! (UPDATED: 08/25/13) Use multiple time frames. Identify long-trend, medium-trend, and short-trend. (Up, Down, Sideways, Counter-Trend) Wait for confirmation. For example, Breakouts/Breakdowns, HH...LH or LH... LL, Candlesticks, Indicators. Before trading, do the set ups to get in and out. (Trading Plan) Always ...

jmtbernardo jmtbernardo SPY, 15, Short ,
SPY: SPY (short-term)
277 4 2
SPY, 15 Short
SPY (short-term)

We have another bearish flag that was followed by strong bearish volume. Resistance approximately 163.65 to 164. The next support I see it is around 162.76. Also there is lots of volatility at the moment in the market, so be careful. We continue to be in a bearish short-term trend, because we are making lower highs and lower lows.

jmtbernardo jmtbernardo SPY, M, Long ,
SPY: SPY S&P500 (Montly) No confirmation of a pullback.
375 0 0
SPY, M Long
SPY S&P500 (Montly) No confirmation of a pullback.

Although lot of people are scared of the peak pattern from prior trends (Sell May and run away.) Candle sticks are not giving confirmation or any kind of warning that we gone have a pullback. Patterns and statistics are tools to help us trade, but traders should not really solely on specific few tools. Always you variety of tools to confirm your hypothesis. In ...

jmtbernardo jmtbernardo SPY, 1,
SPY: S&P500 (Day Trade) Possible Hypothesis in terms of TA.
447 2 2
SPY, 1
S&P500 (Day Trade) Possible Hypothesis in terms of TA.

On May 9, 2013 we had a rapid sell off on 1 min time frame. I don't think it is something to worry about, because price action had formed a head and shoulders pattern, then we had huge spike (parabola move). Parabolas moves are not sustainable for very long of periods. So I think that head and shoulders pattern with the parabola pattern made a deadly combination ...

jmtbernardo jmtbernardo FB, D,
FB: FB Facebook (Inverse Head and Shoulders)
296 3 0
FB, D
FB Facebook (Inverse Head and Shoulders)

Potential upward movement, because the inverse head and shoulders pattern. I see two trends on daily time frame. The longer trend is bearish, and the shorter trend is bullish. I have draw the two necklines, because I m not sure which one is trust worthy. I created this chart to learn more about the head and shoulders bottom pattern, specially the neckline of it. ...

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