The hardest way to make an easy buck!
breakout to high (not really my favorite, but I thought this one was worth a try
good flush move on the 5 min chart into the rising sma 20/5
second test of resistance was followed by a weaker downmove
second bounce in range on the rising sma 20/5 could have been a better entry (smaller risk and better reward)
I missed that optimal [...]
Focus on the stuff that really moves!
It is that simple.
Most successful trading strategies are based on that. Technical analysis works best on stuff that runs up or down faster than the rest. The stocks that run up real hard also go down best.
Use top gainers/losers, gaps, unusual volume, whatsoever. It helps to check [...]
It was a hard day to trade, with the market gapping up a tiny bit but falling for close to half an hour. The SP500 formed a 1 min range (I actually look at the SPY) that seemed to favor the upside, so that was was looking for a nice long setup. I found two that I traded, AMP was the best one and also showing the most promise.
While I look for 15 or even 30 minute pullbacks in strong stocks I use the smaller timeframes to time my entry and to set my stop. This greatly improves risk/reward. This works best for me if entering a long near support or a short near resistance.
ISRG proved to be a nice example of this [...]
If the trend is up and momentum in the range is positive, the second bounce in a range is often a better entry then to wait for the breakout because it can improve r/rw by a factor 2 to 4
I used to buy when a stock moves up and sell when it goes down. It took me a long time to realise that this might feel nice, but really does hurt profit potential. Toni Hansen showed me the importance of momentum. IPG was a strong mover in the morning but came off the highs. [...]
Many traders would call today a trend day since it started at one end of the range and closed in the other. From the sound of it you would think that you can make a lot of money on these days, yet usually I do worse on those days. Probably because I keep feeling I [...]
The market opened with a big down gap. Gaps usually fill… sometime. All morning long I had this feeling that it really was too late to short but too early to go long. However, over noon the pace of the market shifted on the 5 and 15 min charts and CME (on the list of [...]
I expected an upday for today, since the daily charts in the indices were pretty extendend to the downside and yesterday was a consolidation day with some positive pace development in the 60 min ranges.
The indices gapped up slightly and broke the morning high. At last, I could go look for a few nice longs.
The [...]
I could not find a lot in the gainers/losers list, but there was a gapper that made it to my list because of the great daily.
Though I did expect the market to bounce strongly and I was not really looking for short this one was too good to pass up, but I did not expect [...]
It was hard to find decent setups again, but this one was nice.
A great pattern, the avalanche, took the price for a nice ride. 2R seems almost ridiculous to cover most of the short… but usually it works very well!
I don’t like downtrending markets, but I might was well get used to it since it looks it is going to stay like that for a while to come.
Did one trade yesterday, and could not find a lot today. Must be because I kept looking for longs, and missed most of the nice short [...]
Tired from trading? No, not at all, just very busy, too busy to post.
I intend to start posting again as soon as possible.
The 30 min dummy setup caught my eye. I zoomed in on the 1 min chart and found a 2 min base with a double bottom with a slightly lower second low.
This slightly lower low can often trigger the up move. At the same time the market (QQQQ’s in this case) bounced from a sort [...]
BRCM gapped up big time, moved nicely off the opening range. I missed that move but into lunch it had retraced almost the complete move. What caught my eye were several things.
It had found support on the morning range bar.
there was a nice 2 wave pullback
Especially the pace development in the pull back was [...]
 |  |  |  |  |  |  |
 |  |  |  |  |  |  |
 |  |  |  |  |  |  |
 |  |  |  |  |  |  |
 |  |  |  |  |  |  |
 |  |  |  |  |  |  |
 |  |  |  |  |  |