Monday's trades

Not a whole lot happening today in the way of great setups. But I guess we just need to peck away until we find something nice that's within our rules. That's basically how today's trade in FUQI worked out. Entered long on a break of the 10:45 bar high which formed at what I thought to be the ORH. I've been basing my OR off the 1-min chart and looking for major intraday pivot areas. FUQI's early pivot high was 19.16.

My entry was smack dab on the ORH and I managed to partial near $20 and exited the rest after it went sideways later on. A nice return are a very low volume day.

Friday's trade

Not much to look at on my WL. I did take a long entry in WBS (10:15 bar high, :05) that went south. ACN looked interesting after the 12:15 bar high (:10) but it was a bit too close to the :30 ORH and I was already in the hole for the day.

Thursday's trades

Only traded BBBY... long 10:30 bar high (:05). It was a risky entry but I liked the shallow pullback on decreased volume. Just didn't work. Missed some decent moves in ADI and MDRX.

Wednesday's trades

With the crappy volume and the FOMC announcement... I was happy to have a profitable day. Took 4 trades, 2 were green, 1 BE and 1 a loss. I'm having a pretty decent % of winners to losers this week and look to keep that going.

Went long with WNR, SONC, MGM and AGCO. WNR stopped me out fairly quickly (I probably should've put more weight into the long upper tail a few bars earlier). SONC and AGCO came through for me on fairly ho-hum moves. Again, just happy to find some good opportunities and leave with cash in my account.

Tuesday's trades

After starting the day with a trade that stopped me out only to drop back down again (SPR), I managed to have a decent day by shorting RMBS off a break of the 10:20 bar high (5-min). I wavered on entering CRMT long (11:20, 10-min) which would've been nice gainer. I'll take what I got... two straight positive days!

Monday's trades

The good news is that I made money today. The kind of decent money (nearly 2R) I would love to make every single trading day. Also, 3 out of 4 trades were positive with one virtually breakeven and I was finished trading by 11:30 EST. That's the good. The bad news is that I was ultra conservative today with my exits and decided to take money off the table and put it into my account (what a weird idea). This may actually be a good thing... but as you can see from the charts below - two of my trades dropped much further from where I exited.

But hey, let's focus on the positives - shall we???

All my trades were off the 5-min chart which is something new (or newer).

Friday's trades

What a wicked day. Entered HUM and TPX long at the same time (6/10) and things looked very good at first. But then price just reversed on me. I managed to exit 1/2 shares at BE on both but got stopped out later on. In hindsight, maybe there was too much of a move before my entry. That and the market tanking.

Enjoy your weekend (too lazy for charts).