tag:blogger.com,1999:blog-53522885518174360022026-04-12T15:20:14.206-04:00Day Tradrhttp://www.blogger.com/profile/10147979424429685251noreply@blogger.comBlogger228125tag:blogger.com,1999:blog-5352288551817436002.post-65210736311468366592011-12-20T19:18:00.004-05:002011-12-20T19:25:55.204-05:00

Simple bear flag formation. Short on the break of 3rd candle low. I Like red, green, red bar for a short when the low is taken out but instead if it takes out the high, worth going long. TZA had the same pattern on 12/13. Pot had the same pattern on daily but today price took out high instead of taking out the long. I entered long just below PDH.

Day Tradrhttp://www.blogger.com/profile/10147979424429685251noreply@blogger.com7tag:blogger.com,1999:blog-5352288551817436002.post-21139069883347735712011-12-20T19:06:00.006-05:002011-12-20T19:17:21.168-05:00

I was a little bullish yesterday and when SPY gapped up and retraced to 5 EMA right after the open, I was ready to go long on any sign of strength. SPY formed a bearish inside bar and instead of taking out the low, took out the high. I was waiting for the 5th candle to close above 50 EMA on 15 min. chart. Price then took out the morning low in the 6th bar. Instead of going long, I went short,

Day Tradrhttp://www.blogger.com/profile/10147979424429685251noreply@blogger.com2tag:blogger.com,1999:blog-5352288551817436002.post-38397000844112893312011-09-22T19:02:00.003-04:002011-09-22T19:08:19.147-04:00

BIDU formed a beautiful bear flag. It was on my watchlist because of the daily. It was rejected near the 150 levels on Tuesday, followed by some consolidation on Wednesday. I was looking for some continued down movement today. First 2 bars nice red, followed by small retracement to meet the sloping 5 EMA. Formed a bearish candle. Entered short there. Nice ride down from there.USO was my

Day Tradrhttp://www.blogger.com/profile/10147979424429685251noreply@blogger.com2tag:blogger.com,1999:blog-5352288551817436002.post-48984187523783734832011-09-20T16:34:00.002-04:002011-09-20T16:39:03.703-04:00

SPY tried to consolidate below 9/16 high and 50 EMA but was unable to break. It broke down in the afternoon. Short opp. when there was a WRB followed by red NRB. Entered short on the break of WRB low. This produced good results esp. when market is over extended and with overhead resistance to overcome.

Day Tradrhttp://www.blogger.com/profile/10147979424429685251noreply@blogger.com0tag:blogger.com,1999:blog-5352288551817436002.post-17986932495471931542011-08-25T08:28:00.002-04:002011-08-25T08:34:53.915-04:00

GLD continued to sell today. It formed a doji on the PDL. Shorted when price took out the low of the 1/15 candle. Took partial at S1 and the covered the remaining at S2.

Day Tradrhttp://www.blogger.com/profile/10147979424429685251noreply@blogger.com8tag:blogger.com,1999:blog-5352288551817436002.post-36627653708536885552011-08-24T09:36:00.003-04:002011-08-24T09:59:28.368-04:00

SLV short setup is what I call 'intraday resistance' short setup. The setup was not ideal as 50 EMA was under the entry on the 15 min chart. Price gapped down, tries to rally, meets the EMA as resistance. Short when price forms a lower high. Entered short, took partial at S2 and the remaining just above $41. I did not take the gold short. I was watching both gold and silver short. Gold was

Day Tradrhttp://www.blogger.com/profile/10147979424429685251noreply@blogger.com2tag:blogger.com,1999:blog-5352288551817436002.post-43466846118618414942011-08-04T19:55:00.003-04:002011-08-04T19:58:24.079-04:00

Today is a perfect example that the markets can go down an unbelievable -4.7% even when the indicators say that we are highly oversold. Just follow that charts and have a stop loss.

Day Tradrhttp://www.blogger.com/profile/10147979424429685251noreply@blogger.com2tag:blogger.com,1999:blog-5352288551817436002.post-19493310159069267752011-07-28T08:08:00.005-04:002011-07-28T08:15:20.334-04:00

Price gapped down below PDL and just above S2. It moved down nicely till 5 EMA caught up with the price. Shorted just below $77, covered partial above $76 and the rest above $75. It was a smooth ride, price never took out 5 EMA which was my trailing stop.Love this pattern but did not take the trade. Nice move down, followed by consolidation and then price bounces right at intraday support and

Day Tradrhttp://www.blogger.com/profile/10147979424429685251noreply@blogger.com2tag:blogger.com,1999:blog-5352288551817436002.post-57467310268016711982011-07-26T19:27:00.005-04:002011-07-26T19:41:02.467-04:00

Traded TNA today - both long and short.This pattern is also often repeated. Weakness the previous day, price opens just above the PDL and takes out the PDL within 30 mins. Same pattern here. Shorted on the break of the first candle low. Normally S2 would have been the target but covered above $80 (round number). Price did not tag S2 and reversed from there. Around afternoon, it looked like price

Day Tradrhttp://www.blogger.com/profile/10147979424429685251noreply@blogger.com0tag:blogger.com,1999:blog-5352288551817436002.post-18995274167602582402011-07-26T08:19:00.005-04:002011-07-26T08:24:33.543-04:00

Started the day with a long in SLV on the break of 15/3 candle high. Ended this trade in a loss. TNA gapped down and immediately rallied. It met the downsloping EMA's on the 15 min. chart which acted as resistance. TNA consolidated and tried to break this resistance throughout the afternoon but finally gave up. I love this setup because it produces some good results and the win ratio is much

Day Tradrhttp://www.blogger.com/profile/10147979424429685251noreply@blogger.com0tag:blogger.com,1999:blog-5352288551817436002.post-66976181193451968132011-07-21T09:28:00.004-04:002011-07-21T09:42:08.435-04:00

I had a nice trade in CLF short early in the morning. Tried to short SLV after it rallied to the 50 EMA on 15 min. which ended in a loss. There was honestly no setup in the silver short trade. Also entered USO short. Since USO was not available for shorting , I shorted OIL which does not have much volume but I am posting the USO chart because I was following USO chart for entry and exit.USO

Day Tradrhttp://www.blogger.com/profile/10147979424429685251noreply@blogger.com0tag:blogger.com,1999:blog-5352288551817436002.post-22242838651692929332011-07-20T06:58:00.005-04:002011-07-20T07:04:40.027-04:00

TNA formed a wide range red bar on Thursday right on the 50 EMA. Friday was a narrow range day. I was looking for a continuation of the downtrend on Monday.Shorted TNA when price took out Friday's low. Covered partial at S2 and remaining near the round number.GLD gapped up but I was initially looking for shorting gold because it seemed a little exnteded on the daily. Price formed 4 spinning tops

Day Tradrhttp://www.blogger.com/profile/10147979424429685251noreply@blogger.com0tag:blogger.com,1999:blog-5352288551817436002.post-19156013365165550832011-07-20T06:58:00.004-04:002011-07-20T07:04:21.835-04:00

TNA formed a wide range red bar on Thursday right on the 50 EMA. Friday was a narrow range day. I was looking for a continuation of the downtrend on Monday.Shorted TNA when price took out Friday's low. Covered partial at S2 and remaining near the round number.GLD gapped up but I was initially looking for shorting gold because it seemed a little exnteded on the daily. Price formed 4 spinning tops

Day Tradrhttp://www.blogger.com/profile/10147979424429685251noreply@blogger.com0tag:blogger.com,1999:blog-5352288551817436002.post-54936459145944030022011-07-15T16:30:00.003-04:002011-07-15T16:40:33.760-04:00

Nice, clean small bull flag to 9 EMA. It chopped around after my entry but finally reached R1. Exited full position there. On the 15 min. chart, 2nd bar was an IB and that convinced me to stay in the trade. Have a nice weekend everyone!

Day Tradrhttp://www.blogger.com/profile/10147979424429685251noreply@blogger.com0tag:blogger.com,1999:blog-5352288551817436002.post-74103202693553348082011-07-15T08:35:00.004-04:002011-07-15T08:48:10.538-04:00

TZOO formed NRB's on daily and looked ready for a breakout. It gapped up a little, then price moved down to the rising EMA. Entered long on strong bar off the EMA on 5 min. chart. This Strong volume came in and took partial at R2 and decided to hold the remaining for a further move up based on volume but then decided to sell the remaining. Glad I did that. It failed at R2 and reversed badly.Gold

Day Tradrhttp://www.blogger.com/profile/10147979424429685251noreply@blogger.com0tag:blogger.com,1999:blog-5352288551817436002.post-76123364044024569682011-07-13T21:24:00.004-04:002011-07-13T21:31:40.332-04:00

SCCOMissed trade:

Day Tradrhttp://www.blogger.com/profile/10147979424429685251noreply@blogger.com0tag:blogger.com,1999:blog-5352288551817436002.post-53385807284960926292011-06-16T07:26:00.003-04:002011-06-16T07:33:28.493-04:00

Shorted on the break of 3rd bar low. Added to the position after it formed 2 NRB's. Took partial along the way and folded the remaining position $64.60.I took a small position in OIL short. WRB followed by 2 NRB's. Break when low of the 2nd NRB was taken out.Took me 2 attempts to get this right. Shorted first on the break of 15min - 4th bar low which ended in a small loss. Price moved sideways to

Day Tradrhttp://www.blogger.com/profile/10147979424429685251noreply@blogger.com0tag:blogger.com,1999:blog-5352288551817436002.post-3778699003570557562011-06-13T18:30:00.002-04:002011-06-13T18:42:33.941-04:00

Commodities were weak today. CNX was on my watchlist because the daily chart had a short setup under the PDL. First bar is a spinning top hitting the 50 EMA resistance. 2nd bar penetrates the PDL but closes above it. Entry is when price takes out the low of the 2nd bar. Since it was based on daily chart, set a decent target esp. when market/sector favors the trend.USO gapped down, tried to rally

Day Tradrhttp://www.blogger.com/profile/10147979424429685251noreply@blogger.com0tag:blogger.com,1999:blog-5352288551817436002.post-90669025493338085432011-05-31T21:25:00.002-04:002011-05-31T21:28:56.160-04:00

Market gapped up today and sold off in the morning. A nice strategy to play this gap up.When to short the gap up

Day Tradrhttp://www.blogger.com/profile/10147979424429685251noreply@blogger.com0tag:blogger.com,1999:blog-5352288551817436002.post-71988968822196444502011-05-24T21:26:00.002-04:002011-05-24T21:33:55.414-04:00

Nice move in the morning followed by some weakness before price found support at the 20 EMA. Price consolidated in a narrow range. Went long there and sold the position near R2 and morning high.SLV has been moving in a tight narrow range for the past 4 days. Today it broke out of this range, gapped above R2. Price then retraced a little to find support on the rising 5 EMA. I went long there but

Day Tradrhttp://www.blogger.com/profile/10147979424429685251noreply@blogger.com0tag:blogger.com,1999:blog-5352288551817436002.post-43535285181755979092011-02-22T22:33:00.003-05:002011-02-22T22:40:43.160-05:00

There were a lot of short setups today. I had trades in AEM, FWLT, SPY, ABX.SPY was resistance setup and worked like a charm. Gap down, followed by strong up action, meets EMA resistance and continues the trend downward.5 min. chart of the resistance setup.ABX was extended on the day and had gapped up. Wait for a nice entry. 8th bar strong and part of consolidation. 9th bar red doji after a

Day Tradrhttp://www.blogger.com/profile/10147979424429685251noreply@blogger.com0tag:blogger.com,1999:blog-5352288551817436002.post-38620446203775438482011-02-17T20:20:00.003-05:002011-02-17T20:35:05.120-05:00

A boring day. Could not find any good setups. Traded NFLX, FCX (twice).Wanted to short NFLX on the break of the 4th bar low but did not pull the trigger. Usually a WRB followed by consolidation is a pause for the continuation of the trend but when price takes out the support of the consolidation, it provides a nice shorting opp. A WRB followed by consolidation but price takes out the low of 4th

Day Tradrhttp://www.blogger.com/profile/10147979424429685251noreply@blogger.com0tag:blogger.com,1999:blog-5352288551817436002.post-84276636591350961282011-01-26T21:15:00.003-05:002011-01-26T21:24:42.169-05:00

First bar green but with a big upper tail. 2nd bar is an inside bar which closes strong. Entry was below R2. Took partial near daily resistance of $70 and remaining near $70.50. Exited early.Narrow range inside 2nd bar just below PDH. Put a buy order above R1. Partialled out at R2 where price consolidated and formed a bull flag. Sold remaining at 100% FE of the bull flag formed just below R2.

Day Tradrhttp://www.blogger.com/profile/10147979424429685251noreply@blogger.com1tag:blogger.com,1999:blog-5352288551817436002.post-12696938061154897852011-01-19T21:22:00.005-05:002011-01-19T21:33:16.731-05:00

2 NRB's just above the PDL. ANR had a new daily setup - WRB followed by NRB. Entered short on the break of PDL. Price broke down on nice volume. Took partial near $57.50 and covered remaining just above $57 (a little above 50% FE of the WRB on the daily.2 strong red bars followed by some pause in the form of a small green bar. Entered short on the break of the third bar. Covered entire position

Day Tradrhttp://www.blogger.com/profile/10147979424429685251noreply@blogger.com0tag:blogger.com,1999:blog-5352288551817436002.post-76547424267163097142011-01-12T21:35:00.007-05:002011-01-12T21:52:25.538-05:00

WRB with a big upper wick. 2nd candle is NRIB closing strong. Looked good for a long but the 5 DMA was just above it. Still took a shot. Price ran up, partialled at PDH and remaining at 100% FE of the first candle.I saw CTRP sell-off bars in the morning. At around noon, price consolidated. I thought there was not much downside left as there was the R2 and 20 DMA as possible support area and CTRP

Day Tradrhttp://www.blogger.com/profile/10147979424429685251noreply@blogger.com0