Timing your trades with the markets and Trade review for June 5, 2012

As a trader, it’s best to take trades which is in the direction of the markets. I took one trade on $FAST today and lined it up $QQQ and $SPY. Remember 80-90% of the stocks move in the direction of the markets. In this case watching $QQQ would have made more sense since $FAST is a NASDAQ stocks and some time $QQQ and $SPY can move in different directions. Hence, the important thing to not is where is the stock listed at.

As I mentioned in my previous post about base break play  (https://dchsn6.wordpress.com/2012/06/04/how-to-trade-bear-market-and-trade-review-of-june-42012/ ) . This was yet another  3:1 reward: risk trade .

Check out the trade which I took in Fast at 10:35 lining it up with $SPY and $QQQ. When I went short $SPY and $QQQ were at its double top resistance and we pulling back from its intraday upmove.

If you want to see real time how I navigate through these markets

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