No trades

A boring day that started off with technical issues with TD Ameritrade's backfill. Didn't really see much of interest. Hope you all did better.

Friday's trades

Traded FCX (break of 10:20 bar high, :10), but only half my normal shares because I wasn't in love with the setup. Although a variation of the 'brick wall' with the 5ema and fib. level acting as support, I didn't like the amount of penetration below the 5ema prior to entry. But I did like the off-setting bar pattern. Ended up exiting my position on a break of the 10:40 inverted hammer low for a small loss.

POR was the only other stock I was looking at and thought about entering on a break of the 1:40 bar high (:10) but just didn't like the choppiness of the market.

A disappointing end to the week but I did meet and exceed my goal so I'm happy about that.

Thursday's trades

Not much going on today. Entered AUY off a break of the 10:45 (:05) candle high, scaled out at 8.58 or so then was stopped out at BE. Screwed up with NETL a couple of times. The first time I hesitated pressing the order button on a break of the 10:30 bar high (:10) and watched price go up. Then, I saw another entry on the :05 on a break of the 10:55 bar high but price just blew by my order and I wasn't filled. However, I forgot to cancel the order and it was filled as it fell back down a little later on. It was a partial fill and I got out quickly so not a lot of harm.
Other than that... I didn't see much.

CNBC... it's the best!

Glad I can't get it over here :) (couldn't get it to embed... sorry)

http://www.thedailyshow.com/video/index.jhtml?videoId=220251&title=intro-joe-nocera-is-here

Wednesday's trades

Couple of FU setups that went my way (one more than the other). 

STLD

Went long off a break of the 10am bar high. I was a little hesitant for some reason and thought I would get stopped out. But price ended up going my way and I exited all my shares just below the fib. ext.

BBL

I actually saw a nice formation on the 5-min chart but couldn't find any of my 3 setups to enter. I flipped to a faster timeframe (3-min) and saw a good FU entry at the ORH. Entered long off a break of the 10:36 bar high (but I was late so I let the order slip a bit). Thought I would hit the fib. ext. early on but price fell back down. Had to step out of the apartment and ended up getting stopped out on a revised stop. Still a decent profit as I scaled out at 33.13.

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.

Hitting a brick wall

This time... in a very good way. Every trade I took today was a variation of my 'brick wall' setup. 

WGOV

Pretty straightforward retrace back to the 10-min ORL (which was also the :15 ORL). Shorted off a break of the 10:30 bar low and sold near the fib. ext. I didn't partial on this trade because my complete order was not filled and, instead, I just set stop order to BE on all my shares after 1R. Worked out just fine.

GENZ

Using the :15 as my OR I saw a nice 'brick wall' setup with an offsetting bar on the 10:40 candle. Shorted at the low of that candle, partialed along the way and exited all my shares on a break of that mean ole hammer at 11:50.

UNH

This was different from my other setups and I used the 25% fib. level as an area of resistance (ala Trader X, but he uses it intraday). Shorted on a break of the 10:15 bar low as I wanted to see a good confirmation of the resistance. I was luck that my entry bar was just as narrow at the 10am setup bar. Took a nice ride, scaled out and exited completely just above the fib. ext.

These were some very satisfying trades. I'm sure most traders on my blogroll will probably have big days as there was some nice follow through. Felt like the good old days... or 9 months ago.