Posted in Stock Trading Class on Oct 29th, 2007
VCLK did a down gap on the 16 Oct to form an island reversal. It then consolidated into a symmetrical triangle over the next 8 sessions. Today, it gapped up on slightly higher volume and had been strong all day. I decided to enter on intraday PB to ~38% (26.60). (See intraday chart).
Entry : 26.6647 (not a clean […]
Posted in Stock Trading Class on Oct 29th, 2007
another knife catch on this baby. oil is up, U stocks looking bueno. im long here. ill post the R/R later, gotta run.
i can just hear the Wizard now (another three-letter SAM trade from Trader-8. Trader-8 is a SAM (slow-as-molasses) learner!
Posted in Stock Trading Class on Oct 29th, 2007
I hope you enjoyed the session.
This was such a classic day for live trading that I couldn’t have asked for better than that. You guys got to see so much of what I was hoping to accomplish in several days in just one session. I am going to cover those things in the regular class […]
Posted in Stock Trading Class on Oct 27th, 2007
Coal stocks have been smoking hot! school stocks too (likely to get a lift if recession hits?). anyway, BTU took out the B-point with higher volume. we need a PB for entry. compare the volume on the BO and at the B-pt/BO level. note the non-warning sign above! looking for declining volume on a PB […]
Posted in Stock Trading Class on Oct 27th, 2007
OXY has PB’de to confluence and projects to a very high ABC. will watch intraday - daily has formed a channel and stock looks headed for for the mid-line in the pitchfork.
the chart program has kinda lame TL drawer.
Posted in Stock Trading Class on Oct 27th, 2007
GFI PB’ed to confluence. the daily looks good, the weekly reflects a BO from triangle upper TL, although the TL is subjective. support is under 17. the ABC 1:1 extension is 23.71; the 1.382 extension is 26+, but i believe we get to the 1.618 extension, which coincides with the high volume pivot on weekly. […]
Posted in Stock Trading Class on Oct 26th, 2007
CRNT gapped up on earnings 4 sessions ago and have pulled back to ~38% retracement on low volume over the last 3 sessions. It’s possibly forming a symmetrical triangle or the handle of a “square”cup&handle. I decided to scale in and managed to get 2/3 filled.
Entry : 18.24
Target : 19.98 (Earnings day high)
Stop : 17.98 (Today’s […]
Posted in Stock Trading Class on Oct 25th, 2007
Remarks: Scratched out of the trade @ 39.89, as market was tanking.
The purpose of these posts is to learn Stock Trading. Stock Commentary, Stock Trading School and the different Stock Traders who post the different stock trading strategies on this website are not responsible for any trading decisions made by any reader of these posts. […]
Posted in Stock Trading Class on Oct 25th, 2007
Bottom Fishing - Sort of “Gladiator” setup …
Entry Point 11.50 a.m. @ 40.50 (2-min-chart)
Source: Watchlist
Remarks: Stopped out 11.54 a.m. @ 40.30
The purpose of these posts is to learn Stock Trading. Stock Commentary, Stock Trading School and the different Stock Traders who post the different stock trading strategies on this website are not responsible for any […]
Posted in Stock Trading Class on Oct 25th, 2007
LCAPA found support at 50-EMA - may test previous Highs
Source: “Patriot” Scan
Remarks: Have Limit Order @ 123.10 - not filled yet.
The purpose of these posts is to learn Stock Trading. Stock Commentary, Stock Trading School and the different Stock Traders who post the different stock trading strategies on this website are not responsible for any […]
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