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Rank: Advanced Member
Groups: Member
Joined: 7/8/2009
Posts: 123
Location: VA
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I'd like to use this post as a place for everybody to post there trades. Pick a trade (or more)and write about it here. Tell what scans you did to find the trade, where your stop is, any info you feel relevant to the trade. I hope everyone takes part.
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Rank: Advanced Member
Groups: Member
Joined: 9/2/2008
Posts: 234
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How's DSX?
vivian attached the following image(s):
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Rank: Member
Groups: Member
Joined: 8/25/2009
Posts: 26
Location: new york
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Hi Todd,
Great idea.
I'm in PDCO 3 days ago. I had a buy stop at 26.99 which triggered. I scanned for a stock in an uptrend that was testing support, which in this case was 26.22 from 10/05 and 10/13. I was just waiting for it to break higher from the range that formed 10/2 to 10/16.
Initial stop was 26.40 now moved up to 26.75.
Tomorrow looking at NLC, CLP and QSFT.
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Rank: Advanced Member
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Joined: 7/8/2009
Posts: 123
Location: VA
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trade4e2004 wrote:Hi Todd,
Great idea.
I'm in PDCO 3 days ago. I had a buy stop at 26.99 which triggered. I scanned for a stock in an uptrend that was testing support, which in this case was 26.22 from 10/05 and 10/13. I was just waiting for it to break higher from the range that formed 10/2 to 10/16.
Initial stop was 26.40 now moved up to 26.75.
Tomorrow looking at NLC, CLP and QSFT. Great reply Trade. That's the type of post I was looking for in this form. I'm currently doing my scans for Mon. Hopefully I can submit a post of my on Mon.
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Rank: Member
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Joined: 8/25/2009
Posts: 26
Location: new york
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Hey Todd,
Entered acf today.
October 22, this made a huge move closing with a long green candle. Watching for a bounce off a pullback, it pulled back as the next 4 days resulted in a pullback with 4 red candles all within the long white candle(bullish sign). I had a buy stop at 18.10 today which triggered. I bought at this level because it confirmed a break above the $18.00 high set August 24th and confirmed a close above the 200 sma on the 10 minute chart. The low today also bounced of a trendine line I had from the beginning of the month. My initial stop is slightly below that trendline at $17.
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Rank: Advanced Member
Groups: Member
Joined: 7/8/2009
Posts: 123
Location: VA
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trade4e2004 wrote:Hey Todd,
Entered acf today.
October 22, this made a huge move closing with a long green candle. Watching for a bounce off a pullback, it pulled back as the next 4 days resulted in a pullback with 4 red candles all within the long white candle(bullish sign). I had a buy stop at 18.10 today which triggered. I bought at this level because it confirmed a break above the $18.00 high set August 24th and confirmed a close above the 200 sma on the 10 minute chart. The low today also bounced of a trendine line I had from the beginning of the month. My initial stop is slightly below that trendline at $17. Wow what a horriable week to go long on a trade. I entered ARL on the 22nd with a stop buy @ 10.80 with my sell stop @ 10.60. I made such a tight stop because I thought the week may be a little volatile this week and if the trade didn't work out right away I wanted out with a small loss. I placed the trade with a one triggers all order. The stock was purchased @ 10.80 then blew by the stop I wanted at 10.60 without being executed, much to my displeasure. Since then it's settled @ 10 and I've placed my stop@ 9.80 which is a previous support line. The reason I liked the trade to start with was it had bounced off a strong support line of around 10.90 two times previous then bouncing up to about 12. Going back and looking at the chart I realize the pattern looks more like a head and shoulders pattern and I shouldn't had entered the trade to start with. If anyone can exlplain way my orginal stop wasn't executed I'd like to know. Good trading to all this week.
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Rank: Advanced Member
Groups: Member
Joined: 7/8/2009
Posts: 123
Location: VA
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toddpicks wrote:trade4e2004 wrote:Hey Todd,
Entered acf today.
October 22, this made a huge move closing with a long green candle. Watching for a bounce off a pullback, it pulled back as the next 4 days resulted in a pullback with 4 red candles all within the long white candle(bullish sign). I had a buy stop at 18.10 today which triggered. I bought at this level because it confirmed a break above the $18.00 high set August 24th and confirmed a close above the 200 sma on the 10 minute chart. The low today also bounced of a trendine line I had from the beginning of the month. My initial stop is slightly below that trendline at $17. Wow what a horriable week to go long on a trade. I entered ARL on the 22nd with a stop buy @ 10.80 with my sell stop @ 10.60. I made such a tight stop because I thought the week may be a little volatile and if the trade didn't work out right away I wanted out with a small loss. I placed the trade with a one triggers all order. The stock was purchased @ 10.80 then blew by the stop I wanted at 10.60 without being executed, much to my displeasure. Since then it's settled @ 10 and I've placed my stop@ 9.80 which is a previous support line. The reason I liked the trade to start with was it had bounced off a strong support line of around 10.90 two times previous then bouncing up to about 12. Going back and looking at the chart I realize the pattern looks more like a head and shoulders pattern and I shouldn't had entered the trade to start with. If anyone can exlplain way my orginal stop wasn't executed I'd like to know. Good trading to all this week.
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Rank: Advanced Member
Groups: Member
Joined: 7/8/2009
Posts: 123
Location: VA
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A type-o on the date I entered that horrific trade. It was the 26th not the 22nd. I finally was stopped out of that terrible trade @ 9.65. Let's chalk that one up to traders tax for stupidity. I have a question for everyone, are you not trading now or do you not want to post your trades? Trust me, I can certainly understand if your not trading at this time. Good trading to all.
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Rank: Member
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Joined: 8/25/2009
Posts: 26
Location: new york
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Hey Todd,
Trading very little for swings, doing more day stuff on the 10 minute when I have time. Still in acf but this market is very tuff and I feel it's going down more. The S+p has broke below 2 trendlines this past week, one from March and the other from July. Today it tried to recapature the 50 sma on the daily but couldn't hold it. I went long today on EDZ (shorts the market).
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Rank: Advanced Member
Groups: Member
Joined: 4/1/2009
Posts: 128
Location: colorado
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This is a tough market, so I have cutback on number of trades. There just aren't that many attractive situations.
Cheers
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Rank: Advanced Member
Groups: Member
Joined: 7/8/2009
Posts: 123
Location: VA
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swhite5 wrote:This is a tough market, so I have cutback on number of trades. There just aren't that many attractive situations.
Cheers Thanks for the replys guys. I was worried I was the only one out here. Yes this is a scary market right now. You just don't know when to get back in. The one good thing is that the Dow hasn't dropped completely below it's 50 ema. Good trading to all.
toddpicks attached the following image(s):
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Rank: Advanced Member
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Joined: 4/1/2009
Posts: 128
Location: colorado
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I took a long position today in ONNN at $7.29 based on a macd crossover, full stochastics crossover and crossing the 20 line, will CCI moving above -100. This occurred and was discovered using the advanced scanner.
Cheers
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Rank: Advanced Member
Groups: Member
Joined: 7/8/2009
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Location: VA
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post
toddpicks attached the following image(s):
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Rank: Advanced Member
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Joined: 11/5/2009
Posts: 68
Location: Alabama
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toddpicks, is NDAQ a long or short play for you?
Be a smart trader! ccwells7 http://www.etf-technical-analysis.com
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Rank: Advanced Member
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Joined: 7/8/2009
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Location: VA
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This a trade I entered on Mon. I purchased 270 shares @18.60. The reason I was attracted to this trade was because of the engulfing candle that formed on Fri. and the support it has seemed to have found @ the 17.63 level that it has touched or come close to touching once in Nov. and another time in May. The MACD has also turned up and looks ready to cross, while the Slow Sto. is pointing up also. I've set my stop @ 17.60 giving me a small cushion for it to move. May thinking is that if it drops below what has been support twice since May, it might just keep going way lower. Any comments are greatly welcome.
toddpicks attached the following image(s):
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Rank: Advanced Member
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ccwells7 wrote:toddpicks, is NDAQ a long or short play for you? It's a long play. With it dropping for such a long time; since mid Sept., I usually wouldn't think about entering this trade. But going back and looking at previous support levels and the indicators that are turning up I think this could have a fairly good move if the overall market can hold up for me.
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Rank: Advanced Member
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Location: VA
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swhite5 wrote:I took a long position today in ONNN at $7.29 based on a macd crossover, full stochastics crossover and crossing the 20 line, will CCI moving above -100. This occurred and was discovered using the advanced scanner.
Things look good so far but be aware the highest that stock has been is 10.85 way back in May of 08. If I could get 8.29 out of it I'd feel like I had a successful trade. Where is your stop? Good luck.
Cheers
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Rank: Advanced Member
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Joined: 11/5/2009
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Location: Alabama
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toddpicks, I agree with the bullish candlestick and it did gap up the next day for confirmation. The only thing that would make me nervous is the 20 EMA. It has been resistance since the price started declining. However, you are only risking 1 point with the potential profit of 2 or 3 points. It would be nice if it could make the 22 level. That would be the next resistance level after the 19.5 to 21 level.
Be a smart trader! ccwells7 http://www.etf-technical-analysis.com
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Rank: Advanced Member
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Joined: 7/8/2009
Posts: 123
Location: VA
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ccwells7 wrote:toddpicks, I agree with the bullish candlestick and it did gap up the next day for confirmation. The only thing that would make me nervous is the 20 EMA. It has been resistance since the price started declining. However, you are only risking 1 point with the potential profit of 2 or 3 points. It would be nice if it could make the 22 level. That would be the next resistance level after the 19.5 to 21 level. If it can bust through that 19.60 resistance I may be on to something. If it gets there I'll take out enough to cover my trade, move my stop up to even, and let it run. Trade well my friends.
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