tag:blogger.com,1999:blog-67538967380679272322024-03-21T05:41:53.711-07:00anarco's blogcharts and trading (and a little bit of other fun stuff such as music, photos, etc.)anarcohttp://www.blogger.com/profile/07019940671966695117noreply@blogger.comBlogger232125tag:blogger.com,1999:blog-6753896738067927232.post-24231916736960380952009-08-31T12:58:00.000-07:002009-08-31T13:00:26.614-07:00BoringThe market is quite boring right now, and I do not find anything worth trading. It seems like this week will be very slow going into the three-day weekend :-(anarcohttp://www.blogger.com/profile/07019940671966695117noreply@blogger.com10tag:blogger.com,1999:blog-6753896738067927232.post-41989482440455790312009-08-30T20:05:00.001-07:002009-08-30T20:08:23.818-07:00AUG 30 - RMBS<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhz0vqWFiVO0ob7Q_51Rxv9ItAZ2qzIjMDwiABUCmGzVrRDHA2AR6miUhXopw-G8iKZM7DBaEG6fn5LPLrckHwd1s6oF5wXcsvYH2_CClMs7F1Lym3XXhWrQ4vA58VNRQKJI5wBxM-IvRc/s1600-h/0850_rmbs_d.gif"><img style="cursor: pointer; width: 200px; height: 127px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhz0vqWFiVO0ob7Q_51Rxv9ItAZ2qzIjMDwiABUCmGzVrRDHA2AR6miUhXopw-G8iKZM7DBaEG6fn5LPLrckHwd1s6oF5wXcsvYH2_CClMs7F1Lym3XXhWrQ4vA58VNRQKJI5wBxM-IvRc/s200/0850_rmbs_d.gif" alt="" id="BLOGGER_PHOTO_ID_5375959379659946178" border="0" /></a><br />The chart above is the weekly for RMBS. Look at the beauty of the inverted H&S pattern and the perfection of the volume. If this baby breaks $20, it could go to $35. This one is a good candidate for my retirement account.anarcohttp://www.blogger.com/profile/07019940671966695117noreply@blogger.com2tag:blogger.com,1999:blog-6753896738067927232.post-38303344840664833562009-08-27T13:04:00.000-07:002009-08-27T13:11:51.201-07:00Aug 27 - TRV (NR7)TRV has a quite compelling daily chart, and that is why I kept it in my radar fort the last few days.<br /><br />Today I was compelled to take the trade for the following reasons:<br />1. TRV held up quite well during the first part of the session while the rest of the market was selling off.<br />2. Once the sellers release the pressure, TRV made a decisive move above the $49 line which has been forming a base for the past few days.<br />3. After taking $49 (also the PDH), TRV paused and printed a series of IBs against the upsloping 5 EMA. The trigger bars was a NR7, but I used the previous day high as my trigger (plus a few cents) and the PDH as my stop loss.<br />My exit was a the R2 line.<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCtB5eWxSozWIMmMVPCnOs2TeZXxgeLnIKDCnk9GT7UnY9JAo-6oQCSWHzD6sbxB2XMSQV24W2anDjZwRqkk2NF2iYL6a8M2UsUacuPBIIYCxHGQHKBuWbODyfce6O6FyYM_wb6TykmnI/s1600-h/0827_trv_15.gif"><img style="cursor: pointer; width: 200px; height: 106px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCtB5eWxSozWIMmMVPCnOs2TeZXxgeLnIKDCnk9GT7UnY9JAo-6oQCSWHzD6sbxB2XMSQV24W2anDjZwRqkk2NF2iYL6a8M2UsUacuPBIIYCxHGQHKBuWbODyfce6O6FyYM_wb6TykmnI/s200/0827_trv_15.gif" alt="" id="BLOGGER_PHOTO_ID_5374737118147538834" border="0" /></a>anarcohttp://www.blogger.com/profile/07019940671966695117noreply@blogger.com3tag:blogger.com,1999:blog-6753896738067927232.post-9830045691067563032009-08-24T13:33:00.000-07:002009-08-24T13:42:41.738-07:00Aug 24 - SHLD (C&H)<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh12dt2LQqQ7IT-WaJawKoZEPWyYzd1grJii-yyldBxT6uhZS6csFDnLeVcrSG4jP0lhSDGVYghXLax7b8DQAbakangX7Sre2-8gu4vlLCdzRn5pT1XWrRIVQvZeR429GuUqaIchGuVmxk/s1600-h/0824_shld_15.gif"><img style="cursor: pointer; width: 200px; height: 105px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh12dt2LQqQ7IT-WaJawKoZEPWyYzd1grJii-yyldBxT6uhZS6csFDnLeVcrSG4jP0lhSDGVYghXLax7b8DQAbakangX7Sre2-8gu4vlLCdzRn5pT1XWrRIVQvZeR429GuUqaIchGuVmxk/s200/0824_shld_15.gif" alt="" id="BLOGGER_PHOTO_ID_5373631383266708514" border="0" /></a><br />SHLD gaped down big 3 days ago and since that time I kept it on my focus list to see what it would do. Today the stock gaped down again but this time with some clear bullish action. This is a nice C&H pattern (but also could be read as a nr7 contraction sectup). Either way, there is an orderly bullish action a very shallow pause with volume contraction and then a 100% extension.<br />Most of my trades these days are in the direction of the major trend so it was a bit hard having the 5EMA and PDL as potential resistance points, but SHLD did not have any trouble penetrating those areas.anarcohttp://www.blogger.com/profile/07019940671966695117noreply@blogger.com10tag:blogger.com,1999:blog-6753896738067927232.post-30334882278801318232009-08-20T15:09:00.000-07:002009-08-20T15:19:37.153-07:00Aug 20 - AXP<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7Zb8ga4Wbq1pgMPdS572bxHesJV70xYrgaQ5PcCnsRN-TrNjBFB8pp8zY-QY2CtzX6dVxA0vuz2oOoCrTIYoaYUc6hKRalvxqmUNOIqc7DoYMyV2Pb-Mf_ZTyuugH141uWCeG99ySK6I/s1600-h/0820_axp_15.gif"><img style="cursor: pointer; width: 200px; height: 83px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7Zb8ga4Wbq1pgMPdS572bxHesJV70xYrgaQ5PcCnsRN-TrNjBFB8pp8zY-QY2CtzX6dVxA0vuz2oOoCrTIYoaYUc6hKRalvxqmUNOIqc7DoYMyV2Pb-Mf_ZTyuugH141uWCeG99ySK6I/s200/0820_axp_15.gif" alt="" id="BLOGGER_PHOTO_ID_5372172617624869106" border="0" /></a><br />The first chart shows how AXP was trapped in a channel for the last week or so. I noticed that yesterday so I placed an alarm near the top and another one near the bottom of the channel.<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhesCaE9SLPq_VscMBcwP-yi71jpSUEvcAbMstamZV0peSQc7utTXYTWYiq3-YqnrsCU7RFOp3uvwqJ51npFfBymHiXVMopfpKXBSMI3EUHJdzDJNRYbBAdSkCZB3myhqL-mGVGnP_R98Q/s1600-h/0820_axp_5.gif"><img style="cursor: pointer; width: 200px; height: 107px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhesCaE9SLPq_VscMBcwP-yi71jpSUEvcAbMstamZV0peSQc7utTXYTWYiq3-YqnrsCU7RFOp3uvwqJ51npFfBymHiXVMopfpKXBSMI3EUHJdzDJNRYbBAdSkCZB3myhqL-mGVGnP_R98Q/s200/0820_axp_5.gif" alt="" id="BLOGGER_PHOTO_ID_5372172608081512514" border="0" /></a><br />The second chart shows how I executed the trade in the 5min time frame. I basically placed a buy order a few cents above the ORH (which matched the top of the channel) and my stop loss was the low of the previous bar. I set my target at the 38% fib extension drawing the lines from the bottom to the top of the channel, which made sense to me since that was the range in play.anarcohttp://www.blogger.com/profile/07019940671966695117noreply@blogger.com6tag:blogger.com,1999:blog-6753896738067927232.post-28378528187349292712009-08-13T11:47:00.001-07:002009-08-13T11:47:46.737-07:00Away until August 20thanarcohttp://www.blogger.com/profile/07019940671966695117noreply@blogger.com0tag:blogger.com,1999:blog-6753896738067927232.post-64050732894116437472009-08-12T13:17:00.001-07:002009-08-12T13:22:44.416-07:00Aug 12 - ALL<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLlYK1gl7pwwpRJJAGg24IibULnQojI6-Dvbq-tbBCIOreMXsfD3t0qzXpG4SfuzHHriD6HLcCObt6wogSjH5W5ecQtR1SKhFdWQGdEra3eNBTgswum-LggU2t6HRG0bmnggdSu9HdNUA/s1600-h/0812_all_15.gif"><img style="cursor: pointer; width: 200px; height: 101px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLlYK1gl7pwwpRJJAGg24IibULnQojI6-Dvbq-tbBCIOreMXsfD3t0qzXpG4SfuzHHriD6HLcCObt6wogSjH5W5ecQtR1SKhFdWQGdEra3eNBTgswum-LggU2t6HRG0bmnggdSu9HdNUA/s200/0812_all_15.gif" alt="" id="BLOGGER_PHOTO_ID_5369174266104730434" border="0" /></a><br />ALL gaped up and the ORH matched the PP from a few days ago. Then it printed 2 IBs on the top half of the first bar, so I entered when the high of the 3rd bar broke. The target was 38fib extension drawn from the PDL to the ORH, but I exited as soon buyers hesitated. In a regular day, I would this a bit more room, but I did not want to risk getting chopped on the FOMC action. And also price had consolidated around 28.60 so I was expecting the next leg up to have more force.anarcohttp://www.blogger.com/profile/07019940671966695117noreply@blogger.com2tag:blogger.com,1999:blog-6753896738067927232.post-48814644606649876512009-08-10T13:07:00.001-07:002009-08-10T13:11:06.722-07:00Aug 10 - RIMMTraded it like <a href="http://oonr7.blogspot.com/2009/08/mondays-trades.html">00NR7 </a>and <a href="http://daytradr.blogspot.com/2009/08/rimm-spy.html">DayTrader</a>. No need to post one more chart with this one. I also traded CNX off 2/15, but had to scratch the trade after the bear engulfing bar (7th bar).anarcohttp://www.blogger.com/profile/07019940671966695117noreply@blogger.com0tag:blogger.com,1999:blog-6753896738067927232.post-48153781564615743352009-08-05T14:01:00.000-07:002009-08-05T14:18:34.158-07:00Aug 5 - JPM (bull flag)<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg5A_BIuBIq_bBhnczjNN0EFcvpZoCtfFZvjrHrW99f3NQ96L5N_lDNBVxN9dJ5fArzQ6vGr46Ebd1r7F4nNbQQuwwoLWjw4g0_yqTUDo9Ib6EVHpQHrPpFDikf0X2USBRfHXS0f-i9kTI/s1600-h/0805_jpm_15.gif"><img style="cursor: pointer; width: 200px; height: 114px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg5A_BIuBIq_bBhnczjNN0EFcvpZoCtfFZvjrHrW99f3NQ96L5N_lDNBVxN9dJ5fArzQ6vGr46Ebd1r7F4nNbQQuwwoLWjw4g0_yqTUDo9Ib6EVHpQHrPpFDikf0X2USBRfHXS0f-i9kTI/s200/0805_jpm_15.gif" alt="" id="BLOGGER_PHOTO_ID_5366588707432944754" border="0" /></a><br />This is exactly how I want to trade and I really, really hope I can keep this up. I am saying this not because this JPM trade was such a huge winner in dollar value, but because I think I executed according to my plan and my rules. I did not enter too soon and I did not exit in a hurry. I may have given up too much with my final exit, but I hope to keep improving there as well.<br />The rational for this one is simple and it matches my bull flag setup parameters:<br />- Initial decisive move with good volume.<br />- Orderly pullback (bull flag) on declining volume<br />- A bullish candlestick resuming the move up. That could be a bullish candlestick formation such as an offsetting bar, a hammer, etc.<br />- The bullish candlestick finds support from the rising 5EMA<br />- An IB after the bullish candlestick is a plus<br /><br />Jamie: Your <a href="http://traderjamie.blogspot.com/2009/08/nr7.html">NR7 post </a>is helping me a lot in defining trading rules. Thank you!anarcohttp://www.blogger.com/profile/07019940671966695117noreply@blogger.com11tag:blogger.com,1999:blog-6753896738067927232.post-35553306452717689262009-08-03T14:10:00.001-07:002009-08-03T14:23:11.484-07:00Aug 3 - SLB<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgOsOUas6IgzNyVeeqhCwuR4g6413WytkmNF3DQLEL99W-cwZ3chWVEBGjCihoT4pCceTSfgc4Uy-6LzexoN_M6jdeCHN7c0ybX-Dgmo6HJSQutB4b7X-Ul5nGHUAmnK-JnoL81HEQRni0/s1600-h/0803_slb_15.gif"><img style="cursor: pointer; width: 200px; height: 102px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgOsOUas6IgzNyVeeqhCwuR4g6413WytkmNF3DQLEL99W-cwZ3chWVEBGjCihoT4pCceTSfgc4Uy-6LzexoN_M6jdeCHN7c0ybX-Dgmo6HJSQutB4b7X-Ul5nGHUAmnK-JnoL81HEQRni0/s200/0803_slb_15.gif" alt="" id="BLOGGER_PHOTO_ID_5365848041654565234" border="0" /></a><br />SLB gaped up into the PP and I was hoping for the second bar to be an IB, but it broke above the PP with a bullish candle so I jumped in. I took a partial at the next PP level and was ready to wait for consolidation before the next leg, but I exited after a bearish long wick candle that touched the $56 number.<br />At the moment I exited I realized I exited too quickly and that was a mistake for the following reasons:<br />1. At the point of my exit SLB was still printing higher lows, which means that the trend was instact.<br />2. I did not give SLB time to rest/retrace/pause before the next leg up.<br />3. I was operating out of fear. And fear and greed are the main enemies of a trader.<br /><br />So while this was not a great trade in terms of results, it has helped realize the type of rules I need to define in terms of trade management.anarcohttp://www.blogger.com/profile/07019940671966695117noreply@blogger.com3tag:blogger.com,1999:blog-6753896738067927232.post-30276457122802703522009-07-30T14:03:00.001-07:002009-07-30T14:08:01.865-07:00July 30 - CL (ambush trade)<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWxd3rlgsMV0uIcEPorW4PVZE9fQFxcPB3VgQwTddny6gsJXL8_mSH0lxie_OWcygW8mJFTomH2cWLVdQIDH2fszUV5hnta9zClfsPbi2kChvqC5grSl2hv2Js0GDBohc0u5ZlClUVnVY/s1600-h/073009_cl_15.gif"><img style="cursor: pointer; width: 200px; height: 91px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWxd3rlgsMV0uIcEPorW4PVZE9fQFxcPB3VgQwTddny6gsJXL8_mSH0lxie_OWcygW8mJFTomH2cWLVdQIDH2fszUV5hnta9zClfsPbi2kChvqC5grSl2hv2Js0GDBohc0u5ZlClUVnVY/s200/073009_cl_15.gif" alt="" id="BLOGGER_PHOTO_ID_5364362711106164082" border="0" /></a><br />CL was an earnings play and an ambush setup. There is a decisive first WR bar on high volume, a decisive move to the 50% % RZ (no choppiness), a reversal candle formation at 50% zone (a hanging man candle), a red bar that breaks the low of the hanging man confirming the reversal, and a NRIB to trigger the entry. I exited my full position at the ORL.anarcohttp://www.blogger.com/profile/07019940671966695117noreply@blogger.com4tag:blogger.com,1999:blog-6753896738067927232.post-76251521003351589822009-07-29T13:06:00.001-07:002009-07-29T13:16:59.914-07:00July 27 - AKS (Failed trade)The first chart shows AKS trading in a box for the past 6 days.<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhY1LfGQR3jDKQj8tKrS-EfHRbCnoqdXlEVDeFr8OZK_uzXliOvgjZFoTlwi14BxIorfqrAnYZ19dUD-ugw3b-QAZDoPFKICID24BZMxQLxL36LBECVsqJM4F_uDhhrCqX23ZYGNCMiRc/s1600-h/072909_aks_15.gif"><img style="cursor: pointer; width: 200px; height: 104px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhY1LfGQR3jDKQj8tKrS-EfHRbCnoqdXlEVDeFr8OZK_uzXliOvgjZFoTlwi14BxIorfqrAnYZ19dUD-ugw3b-QAZDoPFKICID24BZMxQLxL36LBECVsqJM4F_uDhhrCqX23ZYGNCMiRc/s200/072909_aks_15.gif" alt="" id="BLOGGER_PHOTO_ID_5363976094072451314" border="0" /></a><br /><br />The second chart shows how I executed the trade. The first and second bars were WR and had nice volume. Bars 3 and 4 were IB with declining volume, so I thought that if sellers were able to break the second bar low, they would be able to break out of the box. I placed my stops 0.02 below the 2nd bar low and I placed my stop a few cents above the PDL and 0.01 above the second bar high. Unfortunately I was taken at both ends and AKS traded in a range for most of the day.<br />If you had any thoughts about why this trade fail, please go ahead and post. My two thoughts are: 1) The lower range of the box should have probably be $18, since the PP was closed enough and round numbers always provide some support/resistance. 2) The stop loss should have been 0.02 above the second bar high and that would have saved me.<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgk4yXPb2DnSKcbStQ_Hqq-CULcwOINdS9YYtKHyu0uQ_f4v9QbHDXtIBgevUvlk00yATdJVpq2UN5B9SOe7Q4XhK8e52OTlU7a6GmDxTk10fzwDpZf67Yw15qlGnQzxbgOrOyoXACFAgo/s1600-h/072909_aks_5.gif"><img style="cursor: pointer; width: 200px; height: 112px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgk4yXPb2DnSKcbStQ_Hqq-CULcwOINdS9YYtKHyu0uQ_f4v9QbHDXtIBgevUvlk00yATdJVpq2UN5B9SOe7Q4XhK8e52OTlU7a6GmDxTk10fzwDpZf67Yw15qlGnQzxbgOrOyoXACFAgo/s200/072909_aks_5.gif" alt="" id="BLOGGER_PHOTO_ID_5363976105418998226" border="0" /></a>anarcohttp://www.blogger.com/profile/07019940671966695117noreply@blogger.com9tag:blogger.com,1999:blog-6753896738067927232.post-45357150563996545392009-07-27T13:07:00.000-07:002009-07-27T13:09:56.793-07:00July 27 - AXP (Failed trade)<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgSq6Kh7NH-Ii-puZqKxLfNdBS7D75jXNEZ12kDlPAiZLGA3EfyVcDJWQbJlHnd8poKcO_-wdQE2BFdp4QZbunRj3U3dUUe0NWsGtdyZzWD7k-zkw-keC58Lf-_VRIxrR5pIv5dwNDzzFU/s1600-h/072709_axp_15.gif"><img style="cursor: pointer; width: 200px; height: 102px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgSq6Kh7NH-Ii-puZqKxLfNdBS7D75jXNEZ12kDlPAiZLGA3EfyVcDJWQbJlHnd8poKcO_-wdQE2BFdp4QZbunRj3U3dUUe0NWsGtdyZzWD7k-zkw-keC58Lf-_VRIxrR5pIv5dwNDzzFU/s200/072709_axp_15.gif" alt="" id="BLOGGER_PHOTO_ID_5363234634947530626" border="0" /></a><br />With this trade I paid the price of anticipation. The correct bar to enter the trade would have been the next bar after my entry. I entered early and I got stopped out :-(anarcohttp://www.blogger.com/profile/07019940671966695117noreply@blogger.com4tag:blogger.com,1999:blog-6753896738067927232.post-25770365307498833432009-07-26T14:43:00.000-07:002009-07-26T14:48:20.888-07:00Stewie's Trading ServiceAbout a month and half ago I decided to join <a href="http://artoftrading.net/">Stewie’s Trading Service</a> and now I want to review it to share my experience.<br />If I had to summarize the service in one word, that word would be WOW!!! Stewie is a great trader. He is passionate about trading and equally passionate about teaching people what he knows. He is a straight forward person, honest and 100% committed to his members.<br /><br />I would like to split my review into the following brief areas:<br /><br /><span style="font-weight: bold;">Performance</span>. This is for me the most important point of the equation because I want to learn from people that have a proven track record. Stewie calls his entries and exists in real time, so you can see right away what the trades are, his entry and his stop loss. The performance speaks for itself. Simply look at it on <a href="http://artoftrading.net/performance">this page</a>.<br /><br /><span style="font-weight: bold;">Setups</span>. Stewie explains his setups and the reasoning behind each trade either before or after the trade is made, so you always know the reason behind each call.<br /><br /><span style="font-weight: bold;">Questions</span>. Stewie responds to people’s questions right away. I only asked a few questions since I joined the service, and they were always answered within half an hour.<br /><br /><span style="font-weight: bold;">Education</span>. If you want to learn from a successful trader in real time, this is a great opportunity. Also, Stewie sends updates about how he sees the market throughout the day and he is available most of the time in the members-only chatroom.<br /><br /><span style="font-weight: bold;">Cost of the service</span>. The cost of the service is $50 a month, which is my opinion a very reasonable price, considering that if you had followed all of his live trades, your account would have grown 25% in 12 weeks, which I think it is a really good return.<br /><br />The last thing I would mention (simply for the sake of full disclosure) is that I do not take all of his trade calls (unfortunately!) and that the trades I post at my blog constitute the bulk of my trading. I do not take all the calls simply because many times I do not fully understand the logic behind each trade and it is hard for me to blindly follow anyone on anything. But I definitely hope to pick up a few things from Stewie’s trading, particularly the Overnight Hold strategy.<br /><br />Last but not least, the service has a three-week free trial, so I think it is worthwhile to give it a go. If you do, I’ll see at the chat room!anarcohttp://www.blogger.com/profile/07019940671966695117noreply@blogger.com7tag:blogger.com,1999:blog-6753896738067927232.post-44628598806554318342009-07-23T13:43:00.000-07:002009-07-23T13:46:07.459-07:00July 23 - MOS<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggpBIBezXAcwFIUFg-34OgIMGeoO7WEdMMqal8oTAbMu8STbSYG6xrMzAl1_Oy4jXGkvh8EzcEnl_q8bufSQs4qUYDhh_TsOhE1PqmVOknukdXIL7Ox1xz65eX___SWEsdfdmEtTMYjJQ/s1600-h/072309_mos_15.gif"><img style="cursor: pointer; width: 200px; height: 104px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggpBIBezXAcwFIUFg-34OgIMGeoO7WEdMMqal8oTAbMu8STbSYG6xrMzAl1_Oy4jXGkvh8EzcEnl_q8bufSQs4qUYDhh_TsOhE1PqmVOknukdXIL7Ox1xz65eX___SWEsdfdmEtTMYjJQ/s200/072309_mos_15.gif" alt="" id="BLOGGER_PHOTO_ID_5361759092962414770" border="0" /></a><br />This was a very nice cup and handle play that extended to the 50% ext (lines drawn from the bottom of the pole to the top of the handle. The entry also coincided with the break of a PP.anarcohttp://www.blogger.com/profile/07019940671966695117noreply@blogger.com5tag:blogger.com,1999:blog-6753896738067927232.post-1617228398588540872009-07-22T13:32:00.001-07:002009-07-22T13:38:42.469-07:00July 22 - CELG - FCXFirst CELG chart show price trading in a range for the past 2-3 weeks.<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLqaQztapcERvY-z5CVFd1s8I_zG1IuTlS9A3Tpjavd0m02vhxSDfGZmQruwhY15r5SY9o_MXmT3K23gattHZnRaQopYZWHxb5lWH0FyIq9-szMUVribkdZ5jWOqBuytOj3YIlZTpqqqI/s1600-h/072209_celg_d.gif"><img style="cursor: pointer; width: 400px; height: 203px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLqaQztapcERvY-z5CVFd1s8I_zG1IuTlS9A3Tpjavd0m02vhxSDfGZmQruwhY15r5SY9o_MXmT3K23gattHZnRaQopYZWHxb5lWH0FyIq9-szMUVribkdZ5jWOqBuytOj3YIlZTpqqqI/s400/072209_celg_d.gif" alt="" id="BLOGGER_PHOTO_ID_5361385225544225730" border="0" /></a><br />Second CELG chart shows price breaking above the range and making a decisive move higher however price struggled at R1 and eventually failed. I made a bit on the way up and shorted a bit on the way down to the top of the range.<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1sFxF0Qjr2c3Bn-ZOmdLnw8St2FR9vJmsycnxh10PcudsmWxhQp8jlovT2F0aLzt8dQe-wI_AXWMahCoC51pO7KhnBC-5xq6QWBuiZe5-UZDVZOzwS5tcjCsVg4oLT2pfolkOdJOspcY/s1600-h/072209_celg15.gif"><img style="cursor: pointer; width: 400px; height: 211px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1sFxF0Qjr2c3Bn-ZOmdLnw8St2FR9vJmsycnxh10PcudsmWxhQp8jlovT2F0aLzt8dQe-wI_AXWMahCoC51pO7KhnBC-5xq6QWBuiZe5-UZDVZOzwS5tcjCsVg4oLT2pfolkOdJOspcY/s400/072209_celg15.gif" alt="" id="BLOGGER_PHOTO_ID_5361385238009394114" border="0" /></a><br />FCX was a B&B trade. The target was PDH. Price made it there but I exited a bit before.<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3EGH5mfpzHQsupdBeaNic5mdXyR4mpyoviYah9sXLu1mYHRofOdaB7usEx7qDYi9tef3hkdwYfQfmG3dM_WmFJAVWQRhyphenhyphen3UsQ1pZU9OGnxABEy6AoVvCz0p3qS9E118VEc0-v4slxlS0/s1600-h/072209_fcx_d.gif"><img style="cursor: pointer; width: 400px; height: 204px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3EGH5mfpzHQsupdBeaNic5mdXyR4mpyoviYah9sXLu1mYHRofOdaB7usEx7qDYi9tef3hkdwYfQfmG3dM_WmFJAVWQRhyphenhyphen3UsQ1pZU9OGnxABEy6AoVvCz0p3qS9E118VEc0-v4slxlS0/s400/072209_fcx_d.gif" alt="" id="BLOGGER_PHOTO_ID_5361385224115484194" border="0" /></a>anarcohttp://www.blogger.com/profile/07019940671966695117noreply@blogger.com4tag:blogger.com,1999:blog-6753896738067927232.post-47225763249291162792009-07-20T14:22:00.000-07:002009-07-20T14:30:25.635-07:00July 20 - ENER (bear flag)The first chart shows how ENER bridged the low of 03.30.09 and pulled back on declining volume printing a number of bars with upper wick. Note also how weak the ENER is on the last 5 sessions compared to the rest of the market.<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4bkTPm8yUFNGGojvmQHfVBDyoNN7ohVr39J_zRvwnmSxilN_pgYBne5vfqpTBiwe7_H2HsGdEAzhpayukCZhSHbP-xl2xMHxsHfIFrA7vpfMedB0_ua4HmxqcIqO3ydUkiZ6v2MMl-5M/s1600-h/072009_ener_d.gif"><img style="cursor: pointer; width: 400px; height: 213px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4bkTPm8yUFNGGojvmQHfVBDyoNN7ohVr39J_zRvwnmSxilN_pgYBne5vfqpTBiwe7_H2HsGdEAzhpayukCZhSHbP-xl2xMHxsHfIFrA7vpfMedB0_ua4HmxqcIqO3ydUkiZ6v2MMl-5M/s400/072009_ener_d.gif" alt="" id="BLOGGER_PHOTO_ID_5360657609118026354" border="0" /></a><br /><br />The second chart shows how ENER opened weak today and eventually bridged the bear flag line. I entered on the NRIB after the initial bridge. ENER kept printing small bear flags in the 15 min chart so I kept moving my stop to the high of each bear flag, until I eventually got stopped out.<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixpHEet1IwGxotlc6l4N67-aYTSbiNts_Y-qoN2wkiba_f1s8WqQedTzAhHL6L-wAUKfWJEjJ3RkCWE4eFJg8KEvSzjPR-Q-7rQTZDCeC7MC1fPeyEve49vz43VLd_UcEEA5p5_WteNqM/s1600-h/072009_ener_15.gif"><img style="cursor: pointer; width: 400px; height: 203px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixpHEet1IwGxotlc6l4N67-aYTSbiNts_Y-qoN2wkiba_f1s8WqQedTzAhHL6L-wAUKfWJEjJ3RkCWE4eFJg8KEvSzjPR-Q-7rQTZDCeC7MC1fPeyEve49vz43VLd_UcEEA5p5_WteNqM/s400/072009_ener_15.gif" alt="" id="BLOGGER_PHOTO_ID_5360657613113697826" border="0" /></a>anarcohttp://www.blogger.com/profile/07019940671966695117noreply@blogger.com2tag:blogger.com,1999:blog-6753896738067927232.post-2124128302310965032009-07-16T14:03:00.001-07:002009-07-16T14:12:48.552-07:00July 16 - XLNX<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3JR_nab39uyGXkGYYfoLp5K1-949TlFbb79EbHf3Y2YsvOiUggHboNdbKyElGzpeQgsjDhT3m8lIsL-SGYu7s-yk-D4kcWyWOW8AEvJ7sSqkDiSxcCEm6gD62kN-xh5bBuRFeRbjXTjk/s1600-h/071609_xlnx_15.gif"><img style="cursor: pointer; width: 400px; height: 264px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3JR_nab39uyGXkGYYfoLp5K1-949TlFbb79EbHf3Y2YsvOiUggHboNdbKyElGzpeQgsjDhT3m8lIsL-SGYu7s-yk-D4kcWyWOW8AEvJ7sSqkDiSxcCEm6gD62kN-xh5bBuRFeRbjXTjk/s400/071609_xlnx_15.gif" alt="" id="BLOGGER_PHOTO_ID_5359166757689017826" border="0" /></a><br />XLNX gapped up $1 yesterday and it gapped down $1 today, but today the buyers were more awake and where decided to move this forward. Green bars are always much higher than red bars. I could not find an entry in the morning but in the early PM it started basing around $20 (which is a significant round number). I entered a few cents above $20 and exited a few cents below S1.<br /><br />I also traded CNQ off the 1:30pm offsetting bar at the base of PDH (15min chart).anarcohttp://www.blogger.com/profile/07019940671966695117noreply@blogger.com2tag:blogger.com,1999:blog-6753896738067927232.post-68711335102929215162009-07-13T14:08:00.000-07:002009-07-13T14:22:45.875-07:00Jul 13 - MOSToday I had a great day and Friday was good as well. Friday I played MOS on a capitulation setup and today I played MOS again while it held the support line.<br />The chart below shows the 15 chart of MOS for today and you can see how the line slightly below $40 held as support during the capitulation on Friday. It also held as support during the first hour of today's session holding above that line on closing basis. I liked 4th bar hammer-like but volume was low and I was not totally convinced so I waited for a more clear indication (I should have scaled in). I entered after a WR bar and a doji that closed above the 5EMA. I held until the end of the day and it worked very well.<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9LX3R57lKYqqOvDJLZWQ1-cWAKe9JSSHG6gUPVK8VdrFQpkpuhmeB_t2vO8IvoUQx3RGtf1hrhTROmhw8-In-SVJOfusAUmHaRk_A_Mst35gx-y7M4xnpIyWgfElTnpQ2j7fcwQ-0rAU/s1600-h/071309_mos_15.gif"><img style="cursor: pointer; width: 400px; height: 185px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9LX3R57lKYqqOvDJLZWQ1-cWAKe9JSSHG6gUPVK8VdrFQpkpuhmeB_t2vO8IvoUQx3RGtf1hrhTROmhw8-In-SVJOfusAUmHaRk_A_Mst35gx-y7M4xnpIyWgfElTnpQ2j7fcwQ-0rAU/s400/071309_mos_15.gif" alt="" id="BLOGGER_PHOTO_ID_5358056518175780818" border="0" /></a><br /><br />Friday's trade was more risky (I find the capitulation trades to be in general more risky) but it worked. I managed it with the 1min and 5 min chart. I think it is good to have a realistic target in mind for these trades since it is unlikely that the buy action will have the same force as the sell off.<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0Diw6mSqlggNQk3XBPzyjggTJKvqazebvFwUtxala_5e3E7_CrwYETZqTSkGnasFwwDJdRMojvh7Jnv3tiN98b6ZyXmN1v5DH8kKlY1MGx0JQVm1t0N_lzF4Zyyiivpgo5dEntyMyBhs/s1600-h/071009_mos_5.gif"><img style="cursor: pointer; width: 400px; height: 242px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0Diw6mSqlggNQk3XBPzyjggTJKvqazebvFwUtxala_5e3E7_CrwYETZqTSkGnasFwwDJdRMojvh7Jnv3tiN98b6ZyXmN1v5DH8kKlY1MGx0JQVm1t0N_lzF4Zyyiivpgo5dEntyMyBhs/s400/071009_mos_5.gif" alt="" id="BLOGGER_PHOTO_ID_5358056522308244818" border="0" /></a>anarcohttp://www.blogger.com/profile/07019940671966695117noreply@blogger.com4tag:blogger.com,1999:blog-6753896738067927232.post-33077784776405401332009-07-09T13:12:00.001-07:002009-07-09T13:29:01.236-07:00July 9 - RIMM - XThese trades did not work out for me today.<br />X gapped up above a daily PP and the second bar prints a hammer like candle that closes above the PP. There is a lot of white space between this PP and the next PP at $33.5 so it seemed like a good setup to work off the oversold condition, but it all ended in sideway chop.<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqhpF8QRaEV0o8c1FTrBU-OSiIWtH1YZfYd_XiSJdgLHQyvyXLZGT80gef9tJv3Td6nCKeUqMEOVBe73nd8eyQaQB6fPDmZstG0PgTxNU2CDPpZz3G24kvQ7Kw3c36FXBDK3DFnT6Gr28/s1600-h/070909_x_15.gif"><img style="cursor: pointer; width: 400px; height: 158px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqhpF8QRaEV0o8c1FTrBU-OSiIWtH1YZfYd_XiSJdgLHQyvyXLZGT80gef9tJv3Td6nCKeUqMEOVBe73nd8eyQaQB6fPDmZstG0PgTxNU2CDPpZz3G24kvQ7Kw3c36FXBDK3DFnT6Gr28/s400/070909_x_15.gif" alt="" id="BLOGGER_PHOTO_ID_5356555971038265858" border="0" /></a><br /><br />RIMM formed a base at the ORH which coincided with a PP from 2 days ago. Price touched the PP 3 times, each time making a higher low and with bars contracting in range at the 3rd attempt. Volume contraction was also promissing. Place my buy stop a few cents above the PP and again the buyers had a nice break out, but the sellers took it away on the next bar.<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZV3my6-eZchDhPmq9dU15-OIrQUQRoAxId3mvqmJBchnzz8-8hFmkcYwJdIzC6fATzOKkGCtQVbu0wE5p4Zk7saA1JIVpAR1ScQuWSG-DmP-Pmt1JbVTNvZcpAax5tMlMgJuYMr_AFW8/s1600-h/070909_rimm_15.gif"><img style="cursor: pointer; width: 400px; height: 150px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZV3my6-eZchDhPmq9dU15-OIrQUQRoAxId3mvqmJBchnzz8-8hFmkcYwJdIzC6fATzOKkGCtQVbu0wE5p4Zk7saA1JIVpAR1ScQuWSG-DmP-Pmt1JbVTNvZcpAax5tMlMgJuYMr_AFW8/s400/070909_rimm_15.gif" alt="" id="BLOGGER_PHOTO_ID_5356555967257628322" border="0" /></a><br /><br />If you have any constructive criticism about these failed trades, I am eager to learn.anarcohttp://www.blogger.com/profile/07019940671966695117noreply@blogger.com6tag:blogger.com,1999:blog-6753896738067927232.post-63724870195464814482009-07-02T08:07:00.000-07:002009-07-02T08:09:12.777-07:00July 2 - SKF - CNQI am calling it a day since I don't seem to get a handle on things. Entered SKF on 4/15 and stopped me out. I also entered CNQ at 2/15 and that stopped me out as well.anarcohttp://www.blogger.com/profile/07019940671966695117noreply@blogger.com2tag:blogger.com,1999:blog-6753896738067927232.post-87903955803237802882009-07-01T13:05:00.001-07:002009-07-01T13:26:46.188-07:00July 1 - FUQI<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVmdk7uDaMDOvwzafapIYY6n_yZBPSek333RuUcsvoUdqsTTiAWCM2RVTbGLtlOzB5sA0rRALKwqxPWx56L-miwhoNcKawbaT1VxPgK2OdbK9-OkcZ2-iI4xVaNxXv_2yjyWEi1M9T-Uc/s1600-h/070109_fuqi_15.gif"><img style="cursor: pointer; width: 400px; height: 200px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVmdk7uDaMDOvwzafapIYY6n_yZBPSek333RuUcsvoUdqsTTiAWCM2RVTbGLtlOzB5sA0rRALKwqxPWx56L-miwhoNcKawbaT1VxPgK2OdbK9-OkcZ2-iI4xVaNxXv_2yjyWEi1M9T-Uc/s400/070109_fuqi_15.gif" alt="" id="BLOGGER_PHOTO_ID_5353585385408781154" border="0" /></a><br />Jamie mentioned in the comments of <a href="http://traderjamie.blogspot.com/2009/06/day-trades-short-aem-abx-fuqi-rimm.html">last night's post</a> that the volume on FUQI daily chart was euphoric and that the end of the upside move was near. I think we all know that the euphoria and capitulation volume foreshadow the end of a move, but I sometimes forget the obvious. It is like having all the correct pieces for a puzzle, but still not being able to put it all together. Anyway, I guess it is all part of the learning process.<br />Soooo.... with all that in mind, I kept a close eye on FUQI and what I saw in today's charts was a sideway action with a lot of the bars leaving upper shadows, which I interpreted as maybe "the bears were taking the ball away from the bull." The series of inside bars that started at 1pm near the ORL and the NRIB at 1:45pm motivated me to enter the trade.<br /><br />NOTE: It is interesting to see POT in the 1min chart from 1:30pm to 4pm. It is like a staircase or a series of small bear flags.anarcohttp://www.blogger.com/profile/07019940671966695117noreply@blogger.com11tag:blogger.com,1999:blog-6753896738067927232.post-91071223644926950322009-06-29T10:25:00.000-07:002009-06-29T10:26:48.323-07:00June 29 - POT-SU-MSAll failed trades. POT and MS where ambush trades and SU was an entry on 4/15 that did not pan out. Very sad day.anarcohttp://www.blogger.com/profile/07019940671966695117noreply@blogger.com14tag:blogger.com,1999:blog-6753896738067927232.post-15936010967194302622009-06-28T19:40:00.001-07:002009-06-28T19:41:04.380-07:00FCX<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkOXJAMO78p4NMGdvLyhsJWa-w0BYyW_lePRfGbsBz5dvRB2Y5w2jQ0JqUC6euW3BIMLnq3lkfavikZFPpgPKZqCBM6EPRhN96bDhEPcO3KpD5O9WzNiYzgC0Gl2Ql5HYQS4qcxkUXjLU/s1600-h/vol_pattern.gif"><img style="cursor: pointer; width: 400px; height: 268px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkOXJAMO78p4NMGdvLyhsJWa-w0BYyW_lePRfGbsBz5dvRB2Y5w2jQ0JqUC6euW3BIMLnq3lkfavikZFPpgPKZqCBM6EPRhN96bDhEPcO3KpD5O9WzNiYzgC0Gl2Ql5HYQS4qcxkUXjLU/s400/vol_pattern.gif" alt="" id="BLOGGER_PHOTO_ID_5352573894137118706" border="0" /></a><br />I think this is an interesting volume pattern and candlestick formation.anarcohttp://www.blogger.com/profile/07019940671966695117noreply@blogger.com0tag:blogger.com,1999:blog-6753896738067927232.post-66779401388797002222009-06-24T15:20:00.001-07:002009-06-24T15:24:04.279-07:00June 24 - AAPL - AKAM<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwtvEnIUNBJesKNta3TWuH_YpDLzmIkIPp7sXZO0akJbqLXWD4P0iWfOOGxNRq2VZuvNIyCb0zxIZmN9eIHWRJeb1rYo9qztQ99hfGZmnIhPARSrm2rdPRz4mrzGh82a9EXSRUiOf3g3A/s1600-h/062409_akam15.gif"><img style="cursor: pointer; width: 400px; height: 210px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwtvEnIUNBJesKNta3TWuH_YpDLzmIkIPp7sXZO0akJbqLXWD4P0iWfOOGxNRq2VZuvNIyCb0zxIZmN9eIHWRJeb1rYo9qztQ99hfGZmnIhPARSrm2rdPRz4mrzGh82a9EXSRUiOf3g3A/s400/062409_akam15.gif" alt="" id="BLOGGER_PHOTO_ID_5351022620969495346" border="0" /></a><br />AKAM had good potential for reaching the $20 mark, but it did not make it and stopped me out just below R2.<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKCUmkikJYIHkFXo1yXDX6V5Ktel5XEzOEbYsY_ED0sae9QSG-EtqgsliZaJavPdB0zxHd5BZpgK-cwb7vOpd0oflzh4918kvrERH7I7gaD7qcziSy4Ux-eKQVwV8bLG7als6QVys6hhY/s1600-h/062409_aapl_15.gif"><img style="cursor: pointer; width: 400px; height: 216px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKCUmkikJYIHkFXo1yXDX6V5Ktel5XEzOEbYsY_ED0sae9QSG-EtqgsliZaJavPdB0zxHd5BZpgK-cwb7vOpd0oflzh4918kvrERH7I7gaD7qcziSy4Ux-eKQVwV8bLG7als6QVys6hhY/s400/062409_aapl_15.gif" alt="" id="BLOGGER_PHOTO_ID_5351022620541771362" border="0" /></a><br />AAPL was an IB filling the wick of the previous bar and above the PDH, but it stopped me right away.<br /><br />So far is has been a pretty bad week for me :-(anarcohttp://www.blogger.com/profile/07019940671966695117noreply@blogger.com0