"Market Radar" Returns to Daytradingradio.com

Discussion in 'Stock picks and trading strategies' started by John Kurisko, Apr 8, 2014.

  1. John Kurisko

    John Kurisko Member

    Market Radar is an old feature I will be bringing back to Day Trading Radio. It will consist of a market call on specific days where I see a convergence of important indicators we follow here at DTR. This alert will be released on a need to know basis. Meaning, if I see a potential for a high probability move up or down or even if we have a very uncertain situation playing out, I will do my best to post the update here.

    The alert will come in 7 different types outlined below

    If you're a follower of Day Trading Radio, you know that I work with a duel stochastic indicator that times the futures with incredible accuracy. I also use a methodology called the HPS or High probability Setups that consist of pattern recognition, Trend lines, Short and longer time frame stochastics. I also take into consideration certain candle sticks combined with volume. All this can be used across different trading vehicles. This signal released will be based on the S&P 500.


    Here is what you will be seeing..

    single-green-arrow.jpg
    his one up green arrow represents a slight bias to the upside. This represents at least one indicator lining up to the buy side. It's a lower probability set up.

    single-red-arrow.jpg
    This is just the opposite but a bias to the downside

    double-green-arrow.jpg?f
    A Three Arrow Up signal will be the strongest signal and this takes into account various conditions which I will detail on the site dedicated to the key to the market radar. But for now, know it represents a multiple indicator set up based on multiple time frames, Pattern Recognition and at least 3 indicators converging in a buy signal.


    NOTE: Timing the markets is hard when you try to time a bottom or a top. These periods could play out over multiple days. Momentum in the direction of a trade adds a lot to the signal and will be added to the equation. There will be times when a signal will go out and the markets will go into a consolidation period that could last a couple days as the markets puts in a bottom or a top. That signal will stay active in those periods or if signal changes.

    triple-red-arrow.jpg?f

    Opposite of the 3 Arrow up signal

    caution-sign.jpg?f
    If the market is not trending or uncertain it's easy to over trade and get chopped up. Discipline in knowing when to protect capital is the most important factor to self preservation in the markets. You don't have to trade every day. Caution is a signal when the markets are unstable and the future is uncertain. This signal appears when there is over hanging news that is disrupting the normal flow and causing the markets to give false signals. Remember, there isn't any wrong signal the markets are always right. But if there is something that is moving the markets out of it's normal boundaries and signals start to fail, then we have to be ultra cautious and cut back on both trading and size. I am a big proponent of trading small. In this current environment, I like to test the waters with smaller entries and when the market gets back into a "rhythm" then its time to make the money.

    Here is Tomorrow Forecast Video.

    Market Direction Forecast for Tuesday April 8th 2014, Market Radar

    Market radar will be a new feature I will be bringing BACK to Day Trading Radio. It will consist of a market call on specific days where I see a convergence of important indicators we follow here at DTR. This alert will be released on a need to know basis. Meaning, if I see a potential for a high probability move up or down or even if we have a very uncertain situation playing out, I will do my best to post the update here. The alert will come in 7 different types outlined below

    If you're a follower of Day Trading Radio, you know that I work with a duel stochastic indicator that times the futures with incredible accuracy. I also use a methodology called the HPS or High probability Setups that consist of pattern recognition, Trend lines, Short and longer time frame stochastics. I also take into consideration certain candle sticks combined with volume. All this can be used across different trading vehicles. This signal released will be based on the S&P 500.

     
  2. John Kurisko

    John Kurisko Member

    Market Direction Forecast for April 9th 2014


     
  3. John Kurisko

    John Kurisko Member

    Here is tomorrow's Market Radar video. Yesterdays upside call played out nice and I am still focused on the 60 min time frame. Overall markets are looking more stable but want to watch the 60 min stochastics for a failure. Tomorrow we have a possible market moving event the FOMC minutes will be released at 2pm est

    Today's Signal is 1 Green Arrow, looking for continuation higher but nothing extreme in front of the minutes. single-green-arrow.jpg
     
  4. John Kurisko

    John Kurisko Member

    $ALXN has hit it's target price zone from the HPS watchlist. Take profits if you got em!

    A further breakdown brings this into a great level. worth taking for me if we get a move to buy trigger, if we move fast down to that level I would expect a fast bounce. Couple levels to pay attention to.. 200 ema

    wsF5Y3NP

    $CELG has reached it's target price off the HPS watchlist. Another great trade

    Great HPS Playbook Play 200 ema breakdown lower channel line bounce. News has affected many biotechs so a lot have similar patterns. also GILD.

    xnbUVrbI
     
  5. John Kurisko

    John Kurisko Member

    Market Radar for April 10th 2014 Slight Bearish Bias

    single-red-arrow.jpg

    Tomorrow sets us up for an early morning follow through at which point I will be looking to lock in some profits on some longs and then take a more cautious look into the late morning early afternoon session. Overall I think we run out of "bounce steam" at one point tomorrow and could end flat to negative. No big signals and would not bet the farm on it. We have a "x" marks the spot zone above us to keep tabs on but don't think we will get there.

    sp60041014.png

    Market Radar for April 10th 2014



    DayTraderRockStar
     
  6. John Kurisko

    John Kurisko Member

    Market Radar for April 11th 2014 Continued Downside Bias

    single-red-arrow.jpg
    Basically the daily is trumping the 60 min time frame, the 60 min has been very reliable but there will be times when there is more extreme follow through in this case selling and those time frames will get embedded and will not forecast a move. I believe this is the case for tomorrow. 1 Red Arrow.





     
  7. John Kurisko

    John Kurisko Member

    Mid Morning Update 2 Tradeometer and FT71 profile line set up

     
  8. John Kurisko

    John Kurisko Member

  9. John Kurisko

    John Kurisko Member

  10. John Kurisko

    John Kurisko Member

    $AMZN Channel but expect a test of 300 will be in there

    Bk9GVEpCAAICLge.png:large
     
  11. John Kurisko

    John Kurisko Member

  12. John Kurisko

    John Kurisko Member

    How I use the Tradeometer and indicator pack to trade the S&P, SPY, SPX, Emini GREAT VIDEO!

    I will really be focusing on a lot more scalps next week and going forward. This video outlines a text book trade I want to continue to find and trade in the market. Its a HPS set up and I take it whenever i see it setting up. This in combination with the indicator pack alerts I will focus on every set up and trade the best ones live.



     
  13. John Kurisko

    John Kurisko Member

    Next Weeks HPS Video and Trading the $SPX using the indicator pack

    tradeometer.jpg

    Both Video's below really go into detail on what I am expecting from here. Overall this current move down will soon trigger another stampede in the high beta stocks that have been recently seeing a mini correction. This mini correction is not done in my opinion but to throw out a scenario I expect a down Monday and stock getting a little market memory lift maybe towards the end of the session. This all sets us up for another yes another turn-a-round Tuesday.

    I will really be focusing on a lot more scalps next week and going forward. The first video outlines a text book trade I want to continue to find and trade in the market. Its a HPS set up and I take it whenever i see it setting up. This in combination with the indicator pack alerts I will focus on every set up and trade the best ones. I want to really be able to take only the Pure HPS zones that combine the 5 indicators and the alerts from the Tradeometer and Algo X. The plan is to trade either the SPXU, SSO, SPY UPRO or any other S&P tracker with a entry only at HPS zones and out of danger of news events and areas we usually see more volatility at open and last 30 min to an hour. So basically looking to trade between 10:15- 3:00pm. just another note: Quality stocks will be considered also to trade but it have to have a short time frame HPS confluence happening.

    I also want to show how you can do this with a small account and build it over time using this strategy . So I opened another Suretrader account to track the progress. (If you use them be sure to tell them your part of DTR You get 20 free trades and 1month of there Pro Das) I Thought about the amount to start with and even though I want to start really small cause you get 6 to 1 margin. I am being more realistic and starting with $5,000. This will give me up to 30K to work the strategy. I can only effectively do this strategy with under 25K using SureTrader as there jurisdiction falls outside the SEC and Finra Pattern Day Trading Rule.

    My Goal in this?, To improve my discipline and lock myself into testing HPS method and indicator pack. It works so i want to use it and show it works. I am going to do another bigger write up on this later in the weekend to detail my rules of the trade.

    This video is a live example of the setups I want to trade there are many combinations but this one is one you see a lot in the markets.



     
  14. John Kurisko

    John Kurisko Member

    Market Radar for Tuesday April 15th 2014

    single-green-arrow.jpg

    Tuesdays Comes in wit the markets making a interesting move in the last 30 min. This puts us oversold on the 5 min time frame starting the day off tomorrow. I really put no weight in this even though it looks to be a repeat of last weeks similar pattern. You can see the chart below.

    5min-reaping-pattermn.png

    Daily Market Direction Forecast for Tuesday April 15th


    As I mentioned in this weekends Video I want to start trading off the indicator pack and HPS zones. I will do my best to recap any setups during the day. You can also do some of your own back testing by taking the real time statistics and logs and plotting it on the chart to see how an alert worked out. This could help in developing a risk management strategy.

    spxtradeometrecap.jpg

    As I mentioned in this weekends Video I want to start trading off the indicator pack and HPS zones. I will do my best to recap any setups during the day. You can also do some of your own back testing by taking the real time statistics and logs and plotting it on the chart to see how an alert worked out. This could help in developing a risk management strategy.

    tradeometeralert.gif

     
  15. John Kurisko

    John Kurisko Member

    $A hitting it's price target today. Great call off of the watchlist

    [​IMG]
     
  16. John Kurisko

    John Kurisko Member

    Market Radar for April 16th 2014 2 Arrows up day

    double-green-arrow.jpg

    An impressive rally at the end of the day just shows that in face of what was thought to be a major event escalating in to a more major event the market seems to not think so, but maybe put more weight in the developments coming out of Japan and China. China releases it's growth data tomorrow and there is speculation that expectations for large-scale stimulus may not be in place and there could be smaller measures instead.. How will the market react to this? In any case these events continue to hang over the market like a ominous anvil shaped Cumulonimbus. Now if we had a less volatile environment I would consider a 3 up arrow day for tomorrow, but because of these risks I will put at a 2 Green arrow up day. The daily Stochastics are perfect and the 60 just crossed back higher, plus the overall pattern is for right now setting up like a text book continuation flag in a larger uptrend.




     
  17. John Kurisko

    John Kurisko Member

    Market Radar for April 17th, 2014 1 Arrow Down

    single-red-arrow.jpg

    The Google earnings miss and getting a chance to check the futures later in the night, as of right now, we are trading lower buy 3 on the S&P and 4 and change in the Nasdaq, I am slightly bearish going into tomorrow. The litmus test of the markets will be the reaction to the Google earnings miss and IBM drop in after hours. Any reversal higher and being able to sustain it, will be extremely bullish and would take my SPXU off most likely.

     
  18. John Kurisko

    John Kurisko Member

  19. John Kurisko

    John Kurisko Member

    Channels heading into next week, Great Stocks great patterns
    Early view of some stocks to watch.



    Amazing setup going on @ DayTradingRadio I highly recommend DayTradingRadio

    BlSahoBCcAIY7G9.png:large
     
    Last edited: Apr 17, 2014
  20. John Kurisko

    John Kurisko Member

    breakingnews.jpg

    $AKAM chart: Best bet for Next week

    Doing some extra scanning today and came up a great opportunity, Most of the notes are on the chart so I won't retype them here except for to mention as I was doing some deeper research I found that most analyst reiterated there Buy rating or upgraded the stock since the beginning of 2014. One company Maxim covers the stock and they have a Buy rating and a 44 dollar target. This is or course back in 2013 and they have not yet updated there coverage of AKAM. So we should get a target raise on AKAM for at least one more analyst.


    akam-best-bet.png

    akam-targets.jpg

    Market update for the week of April 21 ,2014

    hps-watch-list.jpg

    Market was definitely a wild ride this week and with all of the tension coming out of the Ukraine and even with IBM and GOOG falling short and falling down the markets moved up out of a perfect flag. The flag was so perfect in the way it was formed I had to go with the break out of the flag. We broke the flag to the upside leaving 1800 untested below us, and unless we see a definite failure in this latest move there is actually a great chance we take out the recent highs. I will be watching for a cross back down on the stochastics on the daily time frame to measure that failure.

    The watch list is lighter this week because I have been focused on more shorter term trades. I would like to continue that next week and have made some adjustments to the Tradeometer to time those trades. Lets look deeper into the Tradeometer and the indicator pack.

    The Tradeometer is unique indicator I developed for the HPS Methodology. It is used in conjunction with 5 of the core indicators on a short time frame trading the S&P 500, ES mini and/or any related trading vehicle that tracks the SPX. The alerts are generated by tracking the multiple time frames of the $SPX and signaling a visual and audio alert when an overbought or oversold criteria met by the multiple time frames at the same time. Below is what you will see when you open up the pack.

    indicator-pack-pic.jpg


    A fast description on what is you get with the tradeometer

    Trading Algo X is a 3rd party premium indicator from our partners at Trading Algo X Their proprietary algorithm performs analysis on the underlying 500 stocks of the S&P500 index in real-time, looking for topping and bottoming patterns in each stock. The aggregated results are displayed as real-time over-bought and over-sold oscillators, marking the high-probability reversal areas in the market with vocal alerts.

    The Breadtholizer is a gauge to measure Breadth which is advancers of a session minus the decliners.

    The Tickometer is similar to breadth, tick is a simple idea, showing traders the number of stocks on the up-tick minus the stocks on the down tick. Uptick is observed if the last sale of the stock is higher than the previous sale, and vice versa for the downtick. This Lesson will be directed toward the Tradeometer This alert should be considered a indicator and used like one. and with the HPS Methodology a HPS tradeable zone is where 3 or more indicators line up at the same time. I give a constant class each day in the markets so you will see these areas outlined live on the chart.

    The Rules to keep you out of trouble:

    The Tradeometer is my favorite way to identify tradeable zones in the market especially related to the S&P, But I have back tested it enough to see the obvious results are staggering when the alert is combined with the Trend or channel lines, Volume Profile areas (Which are always identified on the chart) Market support and resistance areas which are also plotted on the chart.

    Any of those combinations of indicators are always a HPS Setup. But I would consider the Tradeometer and Channel or Trend lines and the Volume Profile areas to be highest on my list personally.

    The Tradeometer is timing tool and works best in an environment that has no news that could push the markets to a extreme bullish or bearish zone. These are where most automated trading systems that use a counter trend strategy start to fail. The Tradeometer is not an auto pilot buy and sell signal, it is a confirmation or an additional HPS indicator added to any of the other 5 indicators and should be used in conjunction with them.

    This is an entry and short term scalping tool for both longs and shorts. Exits will not identified and those depend on market environment and longer term outlook and chart..and when i mean longer term I a still very short term but 5 min chart will mostly be used to capture more of a extended move.

    The Chart below shows how each buy alert was followed by a move but each move varied in distance and follow through. Remember this chart because you will see this market reacts to those moving averages 20,50, and 200 time and time again. These moving averages will be key in your exit strategy.

    In each case I only took the trade when the Tradeometer signals on the trend line. Each case will be different and in some cases the market will be pressured up or down past any alerts. If that pressure seems obvious or feels looming then paper trade it and add it to your statistics and save that tums for the next time.

    chart-of-tradeometer-on-es-sos.png

    Just noticed on my chart i renamed the Algo x to Algo z. I don't know why LOL But its Algo X and you get it with the IPack and it makes a great signal with the Tradeometer at level 6-7.

    I will be updating more about this in the future so stay tuned and watch the show early next week as I will be taking some trades off the Ipack but I will be following my guide lines posted above.

    Have a Happy Easter/Passover

    DTRS
     
Loading...

Share This Page