Daily Stock Plays - Live Day Trading Strategies

Red Tail Inside Day Trade

The Elder Impulse System was designed by Alexander Elder and is a system that identifies inflection points where a trend speeds up or slows down. Stocks with an Elder Bar Turned Red are expected to go lower. Elder Bar Turned Red that occurs on a small range day make excellent day trades and swing trades the next day.

TWTR on 1/5/16 met the above criteria for an Elder Bar Turned Red Setup. The daily chart below shows the subsequent trade below the 1/5/16 low of $21.85. TWTR traded down to a low of $20.19 the same day, and a low of $15.48 nine days later.

Each day after the market close, we run multiple custom designed scanning algorithms that provide stocks for the next trading day swing trade list. If you would like to become a member of our swing trade service, the membership options are listed below.

Here are the Elder Bar Turned Red stocks on 10-24-2016 for trading on 10-25-2016