Swing Trading For Profit | TradeSelector.com

Steps to Success

Trade stocks with high potential of gains of 5% to 10% in 3 to 5 days,
Ensure maximum risk reward ratio that keeps making a profit
Hold positions as long as they move in the planned direction and move stops to protect gains (see examples).

TradeSelector Trading Method

TradeSelector is a stock picks service for short term trading known as Swing Trading.

We enter trades using Technical Analysis: daily price movements, short and long term trends and areas of technical support and resistance.
We use patterns we know have the best odds of being profitable, then create a trading plan with entry, stop and the most likely target price.
We compare the risk to the potential reward and determine if the risk is justified before we enter the trade.
Our low risk balanced method doesn't promise to make huge net portfolio gains (don't believe those that do) but makes a steady consistent gain (see our full Trading Performance ) Look at How We Trade for more infornation, or visit our Sign Up Page for other details.

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One more Bounce: The week ahead - June 14-18 2010

Weekly Forecast

Sunday, 13 June 2010 08:00

PLimage This past week the markets started out breaking down as we expected but on Tuesday the 1040 area held on the SPX printing a short term double bottom. It looked like the markets would continue lower after Wednesday's close but instead they broke up. There was some news (or a rumor as we can not verify it) on Thursday that GS had purchased 1,000 contracts of the full SPX which started the short covering rally causing the market to break out to the upside and continue higher on Friday.

The markets are now poised to move higher but we will be looking for a lower high on a longer time frame than we had expected and much lower prices in the future. It may take a week or the rest of this month for this bounce to fail but we believe that the move down that started on April 26th going through this past Tuesday June 8th was simply the first leg down.

Gold (via GLD) moved up above the 120 area but failed to follow through and simply made a double top. If the 117.50 area fails on any move down gold will likely head much lower down to the 115 or even 112 area before bouncing and making it's real move back up.

The U.S. Dollar also printed a false break out above the 88.45 area and is now sitting on the 20 day sma. A break below will very likley take it down the 85 area before moving back up to new highs.

The Nasdaq Composite Index

compqx13

Standard and Poors SP-500 index

SPX13

The Dow Jones Industrial Averages Index

dj13

GOLD - via the GLD

GLD_13

The US Dollar (Dollar Index )

dxyo_13

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Heath Feb 12, 2010
I have been a member of just about everyone on twitter to try and sift through for additional information to help me grow as a trader. I just wanted to let you know you guys and alpha trend are the top of my list by far. Thank you for taking time to help new traders.
Parag Dec 13, 2009
I find your analysis, picks and commentary to be exemplary and very hepful and most of all very 'on the money'.
Scott Newbury Nov 04, 2009
These guys really know what they are doing and I can recommend their membership to other home gamers. Thanks for the great swing trades guys :)

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