Trade of the Week for January 16, 2017

Cyber Trading UniversityArticles Trade of the Week for January 16, 2017

Trade of the Week for January 16, 2017


Often times we use the past history of a stock in order to devise and refine our daily trading plan. A good example of this was on the morning of Friday, January 20th when we noticed a common trade setup on GLBS (Globus Maritime Limited).

We can see the prior week’s trading action on the 15 minute chart that I included: clear higher lows, strong momentum, big volume and resistance at $9.50.  All of these factors contribute to the high probability trades that we wait so patiently for. If we switch focus to the 1 min chart on the 20th, you might notice that volume in the premarket started to pick up right when the price broke through 9.50. This is usually a good sign for longs (if it sustains and support holds) and it’s no surprise that there was interest in the stock after breaking through that strong resistance at $9.50.  There are many ways to trade a momentum runner like GLBS but one of the strongest setups that we teach is entering when the stock breaks above premarket highs. In the 1 min chart attached, the high probability move here is over the premarket high of $10.75 after which the stock jumped to ~$11.75.

Between Fausto, our instructors and our students, we have hundreds of eyeballs scanning the market to make sure we never miss these trades. Please join us for a trial to our CyberGroup Trading Room and take a look for yourself!


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Cyber Trading University was founded by Fausto Pugliese and has been providing training courses for over 20 years.

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