Sagar
What kind of bearish trade will you get ready with, if any?

The answer is clear from the CUE Finder visuals (as of yesterday, Monday's close). Though the Finder views are bullish overall, the reversal signals are more bearish than bullish.

If you were to prepare a watchlist of potential short candidates, you might start with the stocks giving bearish CUE reversal signals.
0
Sagar
If you used CUE Finder to look for reversal trade setups, you could come up with this one probably.

The industry is neither strong nor weak relative to others. Fundamentals are also in the middle.

Technically? You be the judge.
0
Sagar
Here is how I found it from CUE Finder Weekly (as of yesterday's close).

$ASH - displayed a bearish headwind in the weekly while being at Price Extreme High. That was my starting point of CUE analysis.

2 0 Finder.jpg 
1
Sagar
I day-traded $ASH and closed the position with a profit in less than an hour.

1) I was ready to short it based on my analysis of the previous day, as I explained above. I shorted it using stocks as a day trade right when it was coming below Early Range Low.

2) I put stop above Early Range High, which was never approached.

3) I booked a profit when the risk distance was covered. There was Memory support on the daily chart. That is why I did not want to hold on to the stock short position longer. 

It was possible to initiate a bearish options vertical position in the stock at the same time. That would have defined-risk, and one might not worry about getting stopped out.
0
Sagar
That was a fantastic example of planning a trade and executing the plan flawlessly.

Did you trade $ASH based on my idea shared nine days ago?

1) I day traded it for a profit at that time. And also took a short-term bearish position.

Since then, though the market went up, $ASH continued to move down. 

2) By today it has covered more than the risk distance and at least a partial profit could be booked.

6 0 Technical.jpg 
2

Disclaimer: This site is for educational purposes only, explaining the use of CUE systems and techniques. It is not for trade advice. Trading involves risk. You and only you are solely responsible for the outcome of your trades.

CUE Elite
CUE Global & CUE Finder
CUE Edge, Vital, Index
Metastock Software (One-Time)
Metastock Data/Subscription
Data Region