August 12 - GS vs. LEH

I wanted to play the financial sector weakness, and I chose the GS chart based primarily on the GS daily chart (2 IBs and last session printed a long upper wick). Unfortunately, I chose GS over LEH, and LEH proved to be a better setup: 2IBs below the previous day low (in the 15min chart) and on declining volume.

August 11 - Trades SKF, AAPL, CRME

August 8 - Trades and charts

Unsuccessful attempt to practice the 3PP setup explained by Jamie here.


A failed bear flag


A very nice and clean setup but I missed it because I was focused on the wrong place.

August 5 - Trades and charts

I took CLF on a weak stock with 2NRIBs against the downsloping 5EMA. I also took CRK at the end of the day to practice the 3 PP trades introduced by Jamie. I also saw a nice chart on AXP (but did not trade it) that illustrates the C&H setup explained by Jamie in yesterday's post.

August 4 - Trade and charts

Today was the day to be short on oil, metals, etc. But I was focused on the wrong stocks and sectors so I missed the nice moves today. The only trade I took today was on GS and that did not work out well. The other charts are for my collection of cool charts (and really the type of charts I would like to trade).

Cool Chart - SOHU

I was not able to trade but I discovered this chart while reviewing today's action. This is a very nice C&H. The volume formation is subtle but the actual shape of the pattern is beautiful. The increase of volume at the breakout is perfect!