Trade Around Long Term Pivots Only
Our Strategic Plan Strategy avoids the temptation of trading in between longer term support or resistance levels. Instead of trading in the middle of trading channels it restrains trading triggers so that they occur only when tests of longer term support or resistance are happening.
The strategy is not predicated on being right about market direction, but instead about being right about the respective longer term support or resistance level. The premise suggests that the market may fluctuate around a longer term support or resistance level for a while before making up its mind, but once it makes up its mind on direction it moves much more aggressively.
The objective of our Strategic Plan Strategy is to trade around the longer term support and resistance levels until such time as the market begins to move and once it does the strategy is designed to hold that position for a longer duration to capture a more meaningful return.
Trading triggers depend on the market’s successful tests of longer term support or resistance levels. When trading triggers come there could be many triggers while the market makes up its mind on direction, and after it does the trading activity subsides.
Details about our Strategic Plan Strategy can be found on our members website.
Stock Traders Daily offers macro and market analysis, strategies and models, and timing tools.
FOMC analysis, Evitar Corte, Global Liquidity Reports, Investment Rate Model (Measures NATURAL asset demand years into the future).
We offer a combined analysis of the SPX, NDX, DJIA, and RUT using near term, midterm, and longer term charts to define opportunity.
We offer pivot points for Index ETFs such as SPY, QQQ, DIA, and IWM, in addition to all stocks, with trading plans updated in real time.