-
Trade Entry: AMZN
I entered AMZN based on 1) the oversold stochastic reading and 2) pullback to the 50 day moving average. There is not credible chart pattern, but risk is low and the two elements listed give a slight edge. Stop is below the moving average, around $129. The intital target is…
-
Breakout Pullback Setup: IMAX
Wonderful looking setup on pullback. Nice breakout out of congestion range and positive volume accumulation pattern.
-
Trading "Leak": Impatience and the GS Trade
One of my mantras is to “set it and forget it” after making a trade. Once a trade is made, I set my stop and target, then forget about the trade until one of the price objectives is hit. At least I usually do . . . My recent GS…
-
Thursday Game Plan
Here is my plan for today: Here’s my detailed plan for today: http://docs.google.com/View?id=d5z8q8w_1505gnc8qmcc
-
Oversold Bounce Setup: GLD
My recent GLD entry was based on the oversold bounce setup. I only took a 1/3 position today, and will add to it if GLD nears the 50 day moving average, which would offer me a better risk ratio.
-
GS Nearing Bounce Level
GS is oversold and nearing a strong area of support. If the stock drops a few more points today, an oversold bounce entry would provide a low risk trade.
-
Today’s Entry: JEC
I went long JEC today as an oversold bounce setup. Stop is fairly tight.
-
Quoted in an SFO Article on Part-Time Trading
I was quoted in an excellent article on Part-Time Trading in SFO Magazine. There is some great advice by part-time traders, Brett Steenbarger, John Forman and Dan Passarelli. http://www.sfomag.com/ArticlePrint.aspx?ID=1426
-
Today’s Trade: POT
I entered POT today on pullback. My stop is at $109 and target $117, giving me a 2:1 risk ratio.
-
Today’s Entry: STP
I entered STP today on weakness. The stock has shown strong strength in relation to the market, and shows a strong volulme pattern on the recent move up. My target is the September high.
-
Trade: SDS
I entered SDS today. It is extremely oversold and RSI shows a positive divergence. The last 3 similar states have lead to decent, tradeable bounces.
-
Great Advice on Taking Partial Exits
MSTR is a good example of the “Partial Profit” or “Let it Ride” exit strategy. I entered the breakout-pullback setup at $84, with a target under the old high a limit order set at $89.85 (I always set the target a little below the round number). From there I move…
-
Short Entry: MON
I went short MON as it pulled back to resistance levels via a bearish flag pattern.
-
Breakout-Pullback: MSTR
MSTR has formed a classic breakout-pullback setup. The stock recently broke out on huge volume, and since has consolidated in an orderly fashion. I entered this trade around $84, which I posted in the Trade Report last week. My intitial target is $90, where I would take a partial profit.…
-
Game Plan for Tuesday
Here is the trade report for Tuesday, along with analysis of today’s SPY short and more setups:http://docs.google.com/View?id=d5z8q8w_1422cfb7fcgv
-
Breakout-Pullback Setup: CSH
CSH has been trending nicely. It recently broke out and has now pulled back to support.
-
FCX and PCU: Great Long and Short Setups
PCU and FCX are on fire. Technically, they look great on a pullback to support for long entry. However, they are very extended. Take a look at the distance from the 50 day moving average. I think we are due for a snap back. I will likely short on more…
-
SKX Ready For Pullback
I took a short position today in SKX. The stock is extended and today’s indecisive price movement on high volume leads me to believe a pullback is in order.
-
Short Setup: FUQI
I pointed to FUQI as a short when it was around $30. I took the trade, which would have been successful had I used a wider stop. It’s now broke down below the 50 day moving average and is showing distribution in the volume pattern. I will short on a…
-
Subscribe
Subscribed
Have a WordPress.com account? Log in now.
