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 [...]
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. [...]
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 [...]
Tired from trading? No, not at all, just very busy, too busy to post.
I intend to start posting again as soon as possible.
Solar Power to the rescue… I missed most of the shorting ‘fun’ today, had a few scratch trades. In the afternoon the market started a reversal and I spotted FSLR. It had a 1 min 2 wave pullback and a nicebase after that. As the market was consolidating at the same time it was the [...]
Today I did not feel very in sync with the market. When I shorted the market went up, or the market went down but my short did go up. It was a struggle, but there were one or two nice trades that saved the day.
Cenx was one of them. It gapped up, just like many [...]
Somehow my natural inclination is to go long stocks. Once a bear market start I am usually in trouble first, until I readjust.
Today I had a few good trades, IBN was one of them, but I kept anticipating the market reversal.
I traded CIEN long twice, only to be stopped out. It was all very obvious, [...]
Click the chart for an overview
This was a very nice trade. But there could have been more in it. A lot more!
CNQ gapped up and formed a nice base. Just before 11.00 pace changed. The first wave down was the steepest. The second wave was a lot slower and the third wave stayed even more [...]
click the chart
The currency (FOREX) market is hot. The $ is stone cold. The daily EURUSD chart looked like it could breakdown, but instead it broke to the upside with a lot of conviction. Crazy conviction! But in crazy markets there is often money to be made and the EURUSD was no exception today!
Click on the chart for an overview
DLTR gapped up out of a daily consolidation. After a two wave correction during the day I spotted it when it showed the beginning of a 1 min bull flag. I was impatient in entering and cheated on target. There was only 30 minutes of the trading day left [...]
big momentum move
consolidation
red lines are initial and trailing stops
1st pink line is long entry ( 8.67)
2nd pink line is partial exit (8.93)
3rd pink line is closing trade (9.25)
risk was 0.13, reward was (0.26 + 0.58)/2= 42 cts or more than 3R
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