10 New Setups To Watch This Week

Check Out Some Recent Feedback From ART OF TRADING members!

Hello Trader Stewie,

Just wanted to give you a heads up, I'm returning to your service after having previously rashly canceled. Upon further review, and having tried out several other services, I've decided that at my level of trading experience, your service and overall track record of success (in all aspects of trading) were the absolute best. Also, I'm approaching this again with a view to patience and disclipline (and risk management) and am looking forward to the months to come!

Thanks very much!

-John C

Hey great calls today off your watchlist from last night. Missed the SINA trade because of the fast price movement, but caught GMCR, APKT and WLT shorts. Great first day for me with your service!

Thanks

Sid.

I closed my BIDU puts this AM for $8.90 the ones I had bought yesterday AM @ 0.93. I was watching this based on your SINA / YOKU setups.

Ganesh

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LULU and RIC Trade Reviews: Trading Intra-day "CUP & HANDLE Patterns" and "Psychological Resistance Numbers"!

Two Trades Taken at the ART OF TRADING! Explained in Full detail. So here it goes!

Here's the daily chart that caught my attention. Spotted some potential resistance lines which helped gives me potential targets upon breakouts.

Here's what the ART OF TRADING alert read:

"LONG RIC at 12.00 stop loss at 11.50"

"Going long this gold stock in anticipation of a breakout next week. Holding over weekend."

Here's the intra day (5 minute charts) that caught my interest: entry and exits: See notes on charts above!

Another Trade we did today at the ART OF TRADING!

LULU was on the watchlist the prior day which was emailed to members Sunday. LULU started to breakout on an increase on volume. These sorts of breakouts deserve your full attention.

Here's the intra day setup which was emailed to ART OF TRADING members right after the alert went out to better help explain the setup in real time:

This is what the trade alert read:

"LULU holding up very well in this mess. Looks gearing up for a breakout today or tomorrow. Volume seems to be picking up as it flirts with a breakout. Might swing trade this idea."

Target was 60.00 and we got stopped for a decent gain for this day trade after we raised stop losses to ensure to stop out just under that $60.00 spot.

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5 New Setups To Watch This Week

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JOIN US FOR A 14 DAY FREE TRIAL TODAY!!

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How ART OF TRADING Members Played A Short In The Euro

On September 6th, I sent this setup to ART OF TRADING members:

"Hi guys,

Here's a swing trade idea that looks decent. Seems like sort of a 'slow mover' but this is a sweet little technical setup that looks to be headed higher."

Here's the same stock setup, UPDATED. What i suspected would be a 'slow mover' ended up netting over 5% in 3 days.

"I got in at $17.71 and out at $18.42. +$0.71...nice gain for one day!

Stephan M. (A.O.T. NEW member still on free trial)

"I still have calls on it. I’m bearish on Europe so I’m going to hold it a bit longer. Actually I have Jan. call options on it from maybe several weeks ago and after I got that email from you, I added to my position, but with Oct. calls. My 45 cent calls are now 65 cents!

Thanks for the great calls as usual!"

Edward N. (A.O.T. member since Feb. 2011)

Stew,

Thanks, I bought EUO at 17.77 in my IRA on 9/6. I am still holding. I will look to exit half today and hold half this weekend unless I see an strength in EURO.
Do you have recommendations?

Thanks!

James M. (A.O.T. member for over one and half years)

Hey Stewie, I filled at 17.70, so looking pretty good(currently at 18.60). Also that long in UUP is holding real strong also. Thanks for the heads up!

Richard G. (A.O.T. member for one month)

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10 New Setups To Watch

Hello traders!

Here are LONG setups that look half decent in case the bulls decide to grow some balls and start a bounce sometime this week. Here are 10 ideas that COULD see a little more upside from here. All long trades in this current environment are to be taken for VERY SHORT TERM TRADES ONLY! If the market gives us another weak choppy low volume bounce (like the one we saw early last week), i am sure many stocks will give us some decent SHORT setup entries. Overall please remain extremely disciplined right now. Sometimes, in trading, not losing money is just as important (if not more important) than making money. Greedy traders eventually get washed out of the system. Focus on discipline and preserving your account for when things REALLY start to improve. This way you would be financially and mentally ready to take advantage of good opportunities!

With that said, focus on short term trades if you decide trade these setups.

Good luck folks!

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Two Possible Scenarios To Watch Out For Now

I wanted to do a simple post tonight ahead of the much awaited JacksonHole Bernanke speech.

There is a lot of uncertainty right now ahead of this meeting and needless to say, bernanke's words are going to be a key driver to market's short term and possibly even mid term direction. It's vital to have an open mind right now. The VIX is extremely elevated indicating tons of pessimism and uncertainty.

In the two charts i attached tonight, i highlight TWO possibilities for SHORT TERM DIRECTION. Keep in mind that overall, BEARS get the benefit of the doubt at the moment. I have mentioned on twitter numerous times, this "market is guilty until proven innocent".

Bottom line, you cannot make any solid conclusions based from TODAY's market action or based on the futures action tonight. The charts will speak volumes to us come friday's close and early next week.

Here are TWO possible scenarios to watch out for.

Folks, remember, no matter how convinced you are in your view in the market's direction, there is ALWAYS a valid view on the other side. That needs to be respected now more than ever. Have an open mind right now, that's the purpose of this post tonight.

Good luck out there!

12 New Setups To Watch

Market is getting a little overbought now after a decent run off the lows last monday. So a few days of consolidation or pullback could be expected soon and would be quite healthy.

We are still not seeing the 'HIGH QUALITY' bases/setups yet but maybe in a few days or after a few days consolidation on the indexes we could see some leadership names start to emerge and take charge while others continue to build more solid bases.

A lot of names are a work in progress at this point. Too much damaged goods out there. It will take time to repair the damage.

Here are 12 setups to watch.

These are ALL short term plays: 1-5 day holds.

Hope it helps!

New Setups To Watch

For Short Term Trades Only. Good luck!