Thursday's trade

Not a lot of action today. Just took one trade... CA. Went long off a break of the 11:10 bar high (:10). Things looked good but the 18.50 level just could not hold as support. Sold when price closed below the 5ema.

Wednesday's trades

Sorry about the delayed post... I was so tired last night!!!

One weird effing day. Started off with a quick loss in TWX (7/10). I then had a full WL and had to wait... and wait. I then went long CHT (8/15) and it kinda went nowhere. In the afternoon I set my stop to BE but my order was triggered and filled about .06 above it. IB has been doing some weird fills lately but I know it's not worth the effort to contact them.

I also entered SLAB off the 11:50 bar high (:10) which was an inside nr3. While it closed just below the ORH, it did close at the .50 mark which I like. The stock took off and I was happy. Took partial at 2R, but then re-entered off another setup (2nd black arrow). Everything was going well until a $1 drop in a matter of seconds. That big spike down on the chart is not a data spike... about 2R in profit wiped away. I haven't experienced that kind of spike in a very, very long time. I'm glad I had revised my stop to well above BE so as to keep a nice gain.

Monday's trades

Some charts to enjoy. Questions? Leave a comment. BHP was a loser but a good day overall.

Tuesday's trades

Another solid day to build on the momentum from yesterday. In other words... I held serve :)

IDCC

Shorted off a break of the 11:30 bar low (10-min) off of a quasi-FU type trade. Scaled out a bit at 1R and the bulk after .90. I got ancy at the end of the day as price chopped around and sold all my shares before the big move down. Sucks to miss it but I won't complain.

VRSN

Long off a break of the 10:20 bar high (5-min) on a 'hangin' out' setup. Like the NR hammer on my entry bar and exited all my shares just above the fib. ext.

BAX

Went long off a break of the 10:10 bar high (10-min) after a 'brick wall' setup at the 25% fib. level (and 5ema). Thought this would do better but there was stiff resistance at the 54 level and I emptied most of my shares there and the rest at BE.

Monday's trade

Once again... not much going on for me today. Lots of action but not finding the setups I want. Did find a good 'hangin' out' setup in WLP. Shorted off a break of the 10:50 bar low. Scaled out at 2R and was then stopped out at BE. Had high hopes because it was such a nice looking setup but it just didn't happen.

 

Treadmill trading

Today would've been a pretty satisfying day were it not for 2 mistakes. My first mistake was going long PRU off a break of the 10:45 bar high. The entry wasn't the mistake... it's that it was technically a gap down candidate and I should've been looking to go short, not long. However, it totally looked like a gap up stock and that's why I entered. And it failed. 

I also shorted JPM on a quasi 'hangin' out' setup but I entered on an inverted hammer (12pm bar low) after it followed a shooting star-type candle. So, still a 'hangin' out' setup but I prefer to enter on a candle that closes below its open. Long story short... stopped out.

The one trade I should've only had today was RIMM. It was a keeper. I have to say there's nothing like a stock that trades perfectly. I've been fortunate to have that happen two days in a row with KO yesterday as well.

Anyway, shorted RIMM off a break of the 10:40 bar low on a 'FU' style setup. Exited a portion at 1R and the rest just above the fib. ext. A no-worry trade. I'll take it. 

In the end... it was an absolute BE day. Very similar to my week. It was good exercise.

Tricky day

In the end profitable but a lot left on the table. Took 4 trades all-in-all and V proved to be the breadwinner today. Now, when I entered V, the candle I entered on had closed positive and much closer to the high than what is shown on the chart. There were some weird spikes going on late in the day and I cleared the chart and then backfilled it again. After backfilling, I noticed my entry bar was negative and, if it's indeed correct, I would not have entered there. Even so, my entry bar was not the strongest and as I was waiting for the setup, I noticed the wild swings in price. So, I set my high/low entry spread to be the low of the 12:05 bar and the high of the entry bar. This helped tremendously as I would've been stopped out of the trade had I used the low of the entry bar.

I know this is long-winded but the bottomline is that sometimes making slight changes can help put the odds more in your favor. Luck also helps.

FU trade: AKAM

Brickwall trades: BBT, DLB

Hangin' out trade: V

I'm out

This was one boring day. Although I did get in a couple of decent setups that went to 1R and then I decided to bail for one reason or another. With SNH, I liked the setup (FU, :15, 7th bar low) but didn't like that it was inside yesterday's range. Once there was resistance at yesterday's low... I set my stop to BE.

With DIS, decent setup (hangin' out, :05, 12:50 bar) but my entry bar was a bit wide. Price moved down but then I just didn't like the action around the $19 level and set my stop to BE. 

I'll try to post charts when the market ends.

Tuesday's trades

As far as I can tell, I'm not writing this post during a dream. I actually did have another profitable day. Let's get right to it. Went long TYC off a break of 10:25 bar high. This was kinda like a long version of yesterday's MMM short trade. A brickwall setup as the entry bar found the ORH as strong support. Exited half of my position at BE after price rose close to 1R and fell back down. Kept the rest and decided to exit on a break of the 11:20 bar low as $24 was showing strong resistance. A decent gainer.

My bread winner today was PRGO. Entered short off a break of the 10:40 bar low (hangin' out setup). Well, I actually was a little late to this and had to alter my share size to get in as price moved down. I was pretty convinced of this setup that as price rose back up on the following bar, I decided to buy more shares at what would have been my original entry price. Man, that makes no sense... just look at the chart. I exited my final shares just above the fib. ext.