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Thursday, March 27, 2008
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2008
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March
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- Stewie and Brian having a great discussion: OVER.
- Bo Yoder NewsLetter
- Trades I'll Be Looking For Next Week: My Way Of De...
- Sector Charts: Gold/Silver/Crude Look Especially Weak
- Market Monk Doing His Nightly Research
- Expecting A Big Down Leg To Start Very Soon
- Chart Of The Week.
- EXM Setup
- Trading The 1 Minute Charts today.
- Sell Signals: Expecting Weakness
- Holy Grail Revisited
- One Setup To Watch: CROX
- A Lot Of the Stock Setups I posted EXPLODED today:...
- Alan Farley From www.hardrightedge.com says:
- Bo Yoder NewsLetter
- Stock Setups Galore: The Last Time I saw This Many...
- Casino Stocks Setting Up
- Jim Rogers: The FED is Nuts!
- Another Visit From Our Dear Friend Mr. VIX: He Loo...
- If You Are A Trader/Investor: YOU MUST READ THIS!...
- For The Wine Lovers
- Short Setups
- Hot Chick Streaker Interrupts US Soccer Match
- Stock To Watch Tmrw.
- MA Setting Up: VISA IPOing Wednesday
- Update of The GS Chart
- Listen To My Interview With Tim Bourquin From Trad...
- You Know You Are Near Capitulation Levels When...
- NO CHARTS TONIGHT! WHY? Because They Won't Matter.
- Boys Night Out: Cowboy Steaks!
- VIX breakout soon??!!
- SKF Update
- BIG Move Coming
- Jon Najarian
- Bulls Made A Serious Stand After a Very Nasty Ope...
- Stock Long Setups
- Bears Wasted No Time: Very Impressive !
- Stock To Watch
- Stock Long Setups
- HUGE Technical Win For The Bulls Today
- You Know What They Say About The Third Tests, Right?
- VIX Analysis By Schaeffer's Research
- Double Headed Oil Monster
- Deepest Recession Since Great Depression?
- No title
- Short Setups
- Thoughts on the Markets: Bear Markets
- Question: Market VS Limt Orders???
- Thanks for the Heads Up Market Monk
- XBD 60 min. chart
- Teddy: Sorry It Took So Long But Here's My Watch List
- Bo Yoder's Newsletter
- Patterns and Setups By Linda Raschke
- GS Monthly Chart: Would You Short This Stock Here?
- Chart of The Day: Watch This Setup Closely
- FXP Setup Update
- COIN: Setup To Watch Tmrw
- Choppy, Directionless and Undecisive Market
- VIX Breakout : FXP Setup
- When You Are Hot, Keep Trading. Video By Leavitt B...
- I Have Posted This Before But Always Worth Reposting
- After a Decent Corrective Move Up, The Bears Are B...
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March
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- ART OF TRADING Premium Site
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8 comments:
Ok, Stewie.. a little enlightenment, please.
For POT and SKF, it appears that you bought below the EMA as it broke through resistance. Is that correct? Then, you called the tops and sold at good points. How did you decide your exit prices?
With FSLR, how did you decide that it was going to break through resistance but not drop? And again, how did you select sell price?
BTW, I'm going to be reading up on your posts on the Holy Grail trade. It looks interesting.
Hey Cliff.
Actually these trades were NOT HGs trades. HG trades don't work at all in a choppy tape like we've seen this week. I wanted to trade FLAGS and WEDGES> So, ignore the 20SMA in this case. Just focus on the pattern itself(flag, wedge, triangle). As far as where i was taking profits. To be honest with you, i am known to take profits too soon. So if it spikes like expected or breaks out of the pattern, i am already looking to get out:$0.30-$1.50 if possible. just watching for a reversal at that point. you definitely wanna be out of the trade if the PATTERN FAILS. requires a little more experience to trade this way as you using a lot of gut feel and pattern recognition in the 1 min. time frame. try it on higher timeframes.
stewie
if they had a 30 second chart i'm sure you would master it lol
LOL! upside. bro. i hate this crappy market. I was toying around with the 1 minute charts and actually did pretty well. might be my new weapon for a choppy market. Was buying wedges and flags. there were some very nice short setups too. I cannot wait till the real action comes back.
Would you say that it takes big money to make money on those very tight trading ranges? You're doing 500-1000 shares right?
like a mad scientist, today was my day in the testing lab. I have been experimenting trading a choppy tape. i found that trading wedges/flags after a stock shows signs of a rally. I was using 50-100 shrs today. I will gradually increase position size once i feel like it is a worthy adventure.
Good stuff, Stewie! I'll brush up on wedges & flags.
By the way, I KNEW these weren't Holy Grail trades. I was just saying that I planned on expanding my knowledge, and you introduced me to the idea of HG trades. So, thanks for the info.
Right now, I can only get to my online broker at night, so I'm forced to trade day-to-day instead of intraday. I definitely look at the longer charts. It's all really the same thing on a different scale, right?
trading patterns are all the same. patterns and techniques work on all time frames. A 1 min wedge/flag can be played the same way a daily wedge is played. pretty neat how it works.
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