How to Indentify Trade Setups SINA
Date: 5/19/2011
How to Indentify Trade Setups SINA Part 1
How to Indentify Trade Setups SINA Part 2
How to Indentify Trade Setups SINA Part 3
Live Trading Video SINA Opening Bell Long to Short Trade. Live stock market trading video on how to trade Chinese ADR SINA.
SINA is making an intraday high today. It make a huge move off the lows. When we took a short it came down and didn't want to break any lower. In this live trading video we'll show you how SMF Pro Traders take the short squeezes higher and short the top end of the move. Intraday they took SINA from 111.46 on the open to $188.75 $7.29. You have to buy when these selling stops and you have to hit the buy button to get in before the move.
In Part 2 we go through how intraday tops are put in. You can see the 10 and 50 day moving averages. People are shorting into it because it dropped yesterday. What will happen is they will have to get it above the 50 day to get the stop loss orders on the shorts to get triggered.
Look at this nice breakout in the morning, you can see how everything was working in our trading application. We now have high readings and has they get it above the 10 day moving average with a major bull and bear crossing.
This one is more powerful to the upside and the higher we go, the more frustrated the bear will get and will buy to cover. We teach our students where these trigger points are for the retail traders and how the last parts of the short squeeze are put in. You can see today's daily value is clearly higher than yesterday. When you look at the price level of $118.75 at the top end and you see how we get to the upper end of that price level short selling opportunity.