00:01hey everyone Casey here I've got two trade ideas for tomorrow so let's get
00:08ready I want to cover them right away I think there's a great opportunity here
00:12I'm gonna be watching for these I'm gonna be trading them I want you guys to
00:16be able to get them too so we're gonna start with one stock and one currency so
00:21let's jump to the chart we're gonna look at AMD now based on some of my analysis
00:29you know September's a down month a lot of times in the past if we look at SPY
00:35we're gonna my trade is AMD but if you look at SPY it's below the moving
00:39average we had an up right in the middle and now we're pushing so I'm gonna say
00:43we're gonna push down tomorrow okay so that's what I'm looking at and so let's
00:49go to AMD with that in mind we had a little bit of a bounce up here we're
00:54about halfway up we're right at we're right at resistance here you can see
01:01right here if I just draw this line here we're right there okay right at
01:10resistance now if we go to a lower time frame let's just take a look at the one
01:16hour here you're gonna notice every time it gets up it drops up it drops up it
01:24drops and so now we're down here today and either we're gonna we're gonna do
01:29two things at this point we're gonna just crush down lower or I mean there's a
01:36million things that it can do but this is what I'm gonna be trading we're gonna
01:40crush down lower or we're gonna pop up into this 106 107 area and that's the
01:48really the trade that I want to do I want to see this come up here into this
01:53resistance zone over here and then I want to sell and the way that I'm gonna do
01:58that is with an option and I'm gonna buy a put so if we get it up to at this
02:04point you can see the puts are about four or five bucks at the 107 area but if it's
02:10in the money it's gonna change the price but if price comes up to four or five I'm
02:14gonna buy a put right and so there you just put your buy order entry you buy a put and
02:20then when price comes right back down you know back down to a hundred or below
02:26which I think it could be it could be a really nice quick win day trade in and
02:30out now of course you obviously want to watch your levels here if if it keeps
02:40going up above this zone here you want to just get out of the trade right so I'm
02:47gonna try to get in around here if it doesn't work no big deal you just take
02:52your lumps and move on and that's how trading works right all right so that's
02:56the that's AMD that's the trade for tomorrow now let's take a look at the
03:02currency play all right so on the currency side of things I'm looking at the
03:07pound dollar and you're gonna notice here that we've been going down quite a bit
03:12and we're at a pretty nice resistance area we've got resistance here here here
03:17and we're just right about there so what I'm looking for is to see if price will
03:23spike down a little bit more around 123 50 123 area and I'm gonna be buying
03:30right and so if we can get down here I'm gonna be looking for a buy if that
03:36doesn't happen if price breaks out early I'm just gonna take a brought buy on a
03:40break of a trend line so pretty simple stuff I'm gonna be trading these and let
03:48me know in the comments if you're interested in that and how you do but
03:51those are my two trades for tomorrow should be a pretty straightforward day
03:57just try to monitor the charts see what's happening in the markets make it
04:01happen all right well hopefully that's a that's something you guys are interested
04:06in but let me know how it goes for everybody thanks and we'll keep you
04:13posted on the next next video
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