Posted in Stock Trading Class on Nov 12th, 2007
I delayed my shower and bought 40 contracts of ES and sold for $9000 profit (sold at 1467). Total profit for today after commissions $11,010.
Open position in main trading account long 200 SSO @86.
Swing trading account has the basket of SSO, QLD and DDM still open.
Shower time
Edit:
End of day totals:
Swing Trading Account: +$308.63
Main Trading [...]
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Posted in Stock Trading Class on Nov 12th, 2007
Found NVLS on Volcanno-MD sometime in the afternoon. NVLS (which is on a longer term downtrend from it’s high in Dec-06) found support at the bottom of it’s trading channel on strong volume yesterday (See Daily Chart below).
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Posted in Stock Trading Class on Nov 9th, 2007
CYBS appeared on Watcher sometime in the morning. Daily chart shows a bull flag and a green candle with strong volume today. I decided to enter at the intraday support level.
Status:
Moved Stop to 15.58 when price reached 15.94
Stopped out and Exited at 15.58. Reward: $26.20.
Trade Closed.
Note: Would have stayed in the trade with the original Stop.
The purpose of these [...]
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Posted in Stock Trading Class on Nov 9th, 2007
Tony often compares the e-mini S&P 500 to the S&P 500 Index by manipulating the opening/closing time and duration of the e-mini S&P 500.
The screen capture below shows the same “manipulation” done with the QuoteTracker software.
Top Chart: The “Oz Trick” (Note the Gaps ),
Middle Chart: Normal Daily S&P500 Index,
Bottom Chart: E-mini S&P500 regular hours.
Instructions for setting this [...]
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Posted in Stock Trading Class on Nov 8th, 2007
AMLN from Patriot MD scan. AMLN has been down but it seems to find support at around 39.50 and maybe ready to bounce back.
Entry: 40
Stop: 39
Target: 44
RR:4
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GPRO from patriot MD scan. eventhough the market is down for the past several days, GPRO seems to have support at around 66.50 (50MA)
Entry: 67.40
Stop: 66.40
Target: 71
RR: 3.5
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Posted in Stock Trading Class on Nov 8th, 2007
Daily Chart
2-min Chart
Source: Hurricane
Comment: stopped out @ 51.20.
Could not be at my trading desk yesterday, so had wide stop under LOD. Otherwise probably would have abandoned trade after big 5-min Down Candle @ 11.00 a.m. (not shown).
Had very small size – just “to get the feeling” for that reversal trade on the Hurricane Scan.
Posting [...]
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Posted in Stock Trading Class on Nov 8th, 2007
Indices looking weak today. Decided to keep to day trades.
Found CHDX on the Watcher Scan looking like a potential snapper on stronger than average volume (Watcher minimun volume ratio=2.08). It peaked at 31.62 at about 10:20am EST. Decided to enter around 68% pull back. See trading plan below.
Status: Trade Closed Reward: $95.60
Exited 1/2 position when it failed to [...]
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Posted in Stock Trading Class on Nov 7th, 2007
GS bounce from support the 3rd time. buy at 215.45, stop at low of day 213.00. target 230.
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Posted in Stock Trading Class on Nov 7th, 2007
TSL is at the top of the BB channel, short sell at 63.16 after it starts to reverse. Stop at high of the day at 65.90, target is the bottom of the BB channel at 53.
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Posted in Stock Trading Class on Nov 7th, 2007
Long WAT at 75.13, stop at low of the day at 74.10. target 78.
WAT is consolidating, bought at 75.13
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