http://www.theartofthechart.com The hardest way to make an easy buck! Fri, 09 Apr 2010 07:03:51 +0000 http://backend.userland.com/rss092 en [caption id="attachment_257" align="alignnone" width="560" caption="Sloppy setup"][/caption] Market gapped down but found support. 1st 15m bar was low of day Steady buying all day, but hard to find nice setups NSC was my first trade but turned into a scratch trade NFLX was not a great setup, almost stopped me out. Tight stops give great risk/reward ... http://www.theartofthechart.com/256/lots-of-buying/ [caption id="attachment_252" align="alignnone" width="529" caption="Strong stock with a nice 1 min base"][/caption] Source: $ gainers list Nice breakout after a 60 min consolidation period Daily was extended, so was higher risk, but the intraday chart was so nice, I took the trade anyway Entry @102.06, SL 101.40 Target1 @ 103.45 Exit rest just before round number ... http://www.theartofthechart.com/250/eog/ Not many daytrade setups today, at least setups I could find. Was not focussed and had other things going on at the same time, so that might have been a reason. Did find JWN and that was the only trade for today. [caption id="attachment_246" align="alignnone" width="494" caption="Very nice base near the high ... http://www.theartofthechart.com/245/only-one-2/ Often there is not that much happening on a friday in the markets. Especially if the market is very extended on a daily basis. Today was no exception. The only trade I did was PACR and frankly I could not find much else. I had KR on my list because it ... http://www.theartofthechart.com/242/friday-trading/ must come down and vice versa? NTRI was one of the top gainers in 2009 and it broke down really hard this year. After what seems to be an exhaustion gap in the beginning of march it showed up on my gainers list. I don't know what the news was, ... http://www.theartofthechart.com/233/what-goes-up/ [caption id="attachment_230" align="alignnone" width="507" caption="1 min reverse head and shoulder and a 30 min dummy"][/caption] In a choppy market it helps to pick a stock with a great daily chart FRO had a clean breakout on the daily chart after a consolidation area The breakout was on big volume The stock ran from the ... http://www.theartofthechart.com/231/in-a-choppy-market-a-great-daily-helps/ Traded two breakouts for today. The first was ARO. It had a nice daily, but was very extended intraday when I entered and I got stopped out for a loss. What was I thinking? The other one was HRBN. It gapped up slightly to a new 20 day high and offered ... http://www.theartofthechart.com/223/what-was-i-thinking/ Had other business to attend to so no trades today. Does not look like I missed much. http://www.theartofthechart.com/221/no-trades-today/ I have a love and hate relationship with PCLN. Once in a while it offers great profit, only to take it back, r by r. Today again I had a losing trade  in PCLN. But I was able to compensate for it with a nice 30 min dummy setup, that ... http://www.theartofthechart.com/212/30-min-dummy-trade/ I had a hard time finding nice setups today. There were a few good daily charts with intraday momentum, but I did not trust most of them so I passed. One of them was PCLN, from my watchlist. It had a tiny 1 min bull flag after the first 10 minutes ... http://www.theartofthechart.com/206/only-one/