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Wednesday, December 26, 2007
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2007
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December
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- COT Numbers
- For What it's Worth: Here's Byron Wien's Top Ten f...
- Happy New Year Fellow Traders!!!
- Last Holy Grail Setup for 2007
- Expecting a choppy session thursday to relieve Ove...
- More Holy Grail Setups that Took place today
- SOLD FSLR Swing at $274.
- Stocks to Watch Very Closely
- Trade In FSLR taken Friday
- The BEST trading book
- Holy Grail Trades and Examples
- The Best Trade of the Week: N
- Stewie Meets Wall Street
- Important Market Update
- Three Day Trades in SRS
- A look inside today's Internals
- Setups To Watch
- Divergences Spot the bottom today and set up a nic...
- FSLR trade
- SKF: Holy Grail Trade Today.
- I have a Dinner Engagement Tonight with My Lady
- Sold TNH: A swing from yesterday at $138.1 for a s...
- Two Kinds of Markets/ Two Favorite Patterns
- Setup To Watch: SOHU
- TNH Trade
- Small Sell Signal on XBD.
- Holy Grail
- From Legendary Stock Market timer Bob Brinker's Ne...
- Trades Taken Today: Holy Grail Setups Took Center ...
- RIMM bounce coming...
- The Market continues to Rally even infront of BAD ...
- Patience, patience, patience....
- Great Video: Enjoy.
- An Uneasy Feeling
- Intra Day Setup: ANW
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December
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Cool Traders/Sites
- ART OF TRADING Premium Site
- Charting Trends blog
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- Finance Trends bog
- It's Gold
- Keep Unread Blog
- LaserTrader
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- My Trader Interview
- Mystic Stocks
- NYC Trader
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- stock rook goes pro
- Stock Virtual
- StockPursuit.com
- The Market Guardian
- thecrosshairstrader
- Todds Trade
- trader market blog
- Trader9999 blog
- Trading Momentum blog
- Trading With Average Jay
- Wall Street Warrior
5 comments:
Amazing!
i'm happy to see that you are basically using the same system for trades that I am. Hopefully I can eventually be as successful as you are.
it's simple. just identify the strong rally first, then your job is to wait for that 20 SMA test. the more clues you see that it is holding that 20 SMA the better, i.e: a hammer, a consolidation pattern. the pullback needs to be smooth and corrective in nature, not sharp and impulsive. you also just wanna see proof that the 20 SMA test is working. the more you see the pattern the more you'll train your eye to spot it in real time trading. I keep posting those patterns whenever i see them and as always, i'll keep calling them out on walsstreak.
Stewie, Very Nice. Appreciate your insight. Question, do you use chart to exit (ie coming back to 20) or simply a price target or gut feel?
once i am profitable in the position, then you know where you need to get out. Once the position starts to work then you know that the 20 SMA was indeed support and therefore a break of that support, would be the stop area. You do not want to hold it if support breaks. I usually take profits based on guy feel mostly. most of the time i leave a ton of money on the table but that's ok. I will make for it in other stocks using the same setup.
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