Only two trades today, but one went for a big winner. WDC is my text book setup at the Central Pivot. The only thing not perfect about the trade was getting knocked out of the trade at the trailing stop, even though WDC was able to hit the R1 Pivot target eventually. When a position moves at least 50 cents in my favor and a pullback never forms that I can trail behind, I look for other ways to trail a stop to lock in the big move. On a long-side trade from the Central Pivot to the R1 Pivot, the stock is going to cross the inflection point at the previous day's high. Without a pullback, I'll trail on the backside of the inflection point in hopes of staying in the trade. No such luck today, but it's still a big target trade.

WDC LONG 64.26 64.90 $0.64 Trail hit.
ABC SHORT 61.15 61.15 $-

Total of $0.64 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $640 gross earnings for the day. $5.07 per share for the month. 1000 share per trade would be $5,070 gross earnings for the month.

Wide-range bar setups for the next trading day. The day trade setup is only good for the upcoming trading session.

Entries, targets, and stops are based on the day's likely inflection points, and natural support and resistance. Avoid trade until bid/ask spread narrows.

Partial or unedited list of setups. Complete or edited list goes out by email. Subscribe to the distribution list here.

Bullish Long-Side Setups

ACN Accenture PLC (Ireland) NEW
EDU New Oriental Educ & Tech Group

Bearish Short-Side Setups

COG Cabot Oil & Gas Corp
DISH DISH Network Corp Class A

Dave Mecklenburg is Publisher of TigerSharkTrading.com.