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Archive for the 'Stock Trading Class - Fall 2007' Category

DBA has PB’ed to support with range contraction on lighter volume.  long from 29.41.  support zone is at 29.29 and 29.08.  first target is 29.98. stop loss is at 28.98, but ill move it up  when today’s high is taken out.
 KFT is a decent defensive play that is forming a little scoop. long from 34.61 – [...]

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i had an order to short WCG yeserday, but didnt get filled, which is good b/c it only has 3 letters.      GYMB has pretty good support at 35 – 35.10; so i may take 1/2 there.  the weekly shows a TL break, the daily is right at support.  if im stopped, ill look [...]

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WFT in uptrend. PB’ed for three days to 65.18 support to +/-50% fibbo retracement. retested support today. long from 65.76 (slow entry), stop at 64.95, but will move stop up if trade works today. target is 69.25. .80 Risk/3.50 Reward; 4:31. ill add if it PB’s a little intraday.
ill add the formal trading plan later [...]

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i got interrupted and had to take daughter to school & honestly, im not finding great set-ups as i like to trade near pivots… plus, i drove to Bay area & back since the tuesday class. i dont trade when im tired.
CWCO is a water stock, pays a small divvy. it tested lower TL support yesterday, which [...]

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After 6 green bars, RMBS has a Skyscrapper Setup at the daily 200 ma.
 Entry is Short RMBS at $18.63 (taken intraday – Pic was captured after close)
Stop is .26 above daily high at $19.51
Target is 20 ma and prior breakout area at $16.00…this is also approximately 50% retracement of longer term low to high.
Potential Risk [...]

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MDT trade should yield greater than 3:1 R/R. the PnF daily shows a strong pattern with $73 target, once it BO. :)  i cant seem to load the chart? anyway, price is above the upper TL of the 4-pt daily channel. support is at 54.30(top of channel).  target from the top of the channel is 4 [...]

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