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Archive for November, 2007

15 Nov – Short UCBH

Source: Helicopter MD scan
UCBH may have found a top at the 50dma following 4 higher closes.  It closed below the 50dma yesterday.  If yesterday’s high is not taken out today,  enter when R/R is good (>3) and use yesterday’s high as the Stop.

The purpose of these posts is to learn Stock Trading. Stock Commentary, Stock [...]

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Homework

http://stockcommentary.com/?attachment_id=642
http://stockcommentary.com/wp-content/uploads/2007/11/nextcandles.png
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. The stock traders on this website may make specific stock trading [...]

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crbc short

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BER short

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WL short

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Trading 11/14/07

Knowing I won’t be home today, I still had to take this trade at 9:41.
Short 5 ES at 1494.75, cover at 1489.50 Profit: $1,288.50
 See you all tomorrow.

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Here’s my “next two candles” ….
draw1-trader-15-nov14.PNG
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. The stock traders on this website [...]

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img027.jpg
Sorry, I could not do it in colour.  
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. The stock traders [...]

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1.  Draw the next two candles on this chart

Right click over image and choose save as.  Open in paint, and draw the next two candles.  Save your work and upload to the site. 

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SPX May Setup Tomorrow

Tomorrow, I will look for this level to be tested, and if there is capitulation we will look for intraday reversal patterns, and maybe go long.  We need a selloff to start the day with.  The retail sales numbers tomorrow at 8:30 may influence the futures, if they sell off hard, then we may get [...]

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