Tuesday, November 30, 2010


SPY: late on the entry, the proper entry was on the 1245. with that entry, i would have survived the pullback that stopped me. the exit would have been the 14:15 inverted hammer. short hopefully, cover on the 1445 and long again.  around 13:30, the 10 min was screaming exit but i was trying to just trade the 15min for entries and exits.  after studying the chart, i realized there was a confluence of events, you had double dojis on the 10min, the TICK was over 1000, and the range chart's volume dried up. maybe those 3 events together could let me know that an exhaustion exit should be in place. but again, had i entered properly, i would have had a proper exit. 


q's: blah

Monday, November 29, 2010



AMAG: Not too sure what i was thinking here.


ANF: I was thinking it was going to collapse after that consolidation area.



CRM: Nice looking short. then double bottom. when to take profits and when to let them run. tomorrow, i may try to play all the waves


FDX: Bought as it was breaking highs. something was appealing about it but i don't know what. set stup under previous candle low. exited as it ran to new previous highs. looks like it setup again later in the afternoon.



MOS: i think its a perfect short. could have exited after the doji and gone long but i was trying to catch a big down move. 



qld: trying to trade the open. wow, what a crazy thing to do.





SINA: tried to short after the vertical extension. looking now, it doesn't look so vertical at all.





Today i was thinking the market was evil. much easier to earn a paycheck. this is the hardest gig ever. back and forth, back and forth. how do you string a few winners together? how do you get your winners to be more than your losers consistently? tough stuff.

Wednesday, November 24, 2010



AMZN: Some readable action in AMZN today.



ARG: From yesterday


ARG: Yesterday. I shorted as it was flowing. Covered a dollar lower. Let it pop. Shorted it again.




OPEN: sort of like TTM yesterday. Very impressive down move.



No trading today. Just watching. Every time i think my edge won't work it does. I was thinking, holiday week, not much action. But, today was a good day to trade. Also, that is coming from the point of watching and not participating. Had I participated I may have thought it was a difficult day. Even though I know there shouldn't be a distinction between the two, there always is.


Tuesday, November 23, 2010

TTM: Nice turnover. I don't think I would have seen that extended drop coming.



AMZN: i was thinking about yesterday's move that went back to highs. on the entry candle, the AMZN had made a doji. the 5 min was showing a bounce back up. i believed the new uptrend was confirmed. i would say this was a successful trade. it would have been better had i sat through this whole move. i actually left the computer for a while. i need to get over this position anxiety.


ARG: ninja is acting very strange tonight. loading some charts and not loading others. anyway, i caught this ARG for two different trades. i will try to load it up tomorrow.




CRM: just for reference, run into doji




Yeah. 100% profitable. i wish i felt better about this summary. i have been trading so poorly the past week the good days don't make me feel better.


Monday, November 22, 2010



AMZN: The first long was correct. What I failed to realize was that in order for this pattern to work properly, AMZN would need to take out new highs. Thinking about it now again, maybe new recent highs still validates this pattern. I was just looking at my stop area and thinking if it makes a new lower low, then we are out. It seemed to double bottom on the 5 min and I added. Then Smack!  I shorted again later on after a run into the doji. Mistake again. I just feel like I was fighting this all day.



AMZN: I am trying to figure out the trend with the lines. When is the uptrend from the morning invalidated.
 It seems to be right as I went long and it turned over.



GS: Perfect 15 min short opportunity. I need to concentrate and just keep pouring through the charts to find the best of the best. I know I don't right now.


MEE: intraday snapshot of the 1 min chart of MEE.


MEE: Breaking to new highs after consolidation.  The exit looks great but it was premature. Just trying to lock in some change. beautiful re-entry using the 5 and 10 together.



Q: Any other day, I would have shorted the junk out of the q's around 10am. But, I realized I had a recency bias. Last week, the market would pop and consolidate all day. I said to myself, "i'm not getting caught in this shit again". Of course, today it would have worked. It feels like I am always tweaking, always adjusting, when in reality, I should just stick to the same plan day in and day out. If it doesn't work one week, it will work the next. I guess the question is, when is your plan not valid anymore. I feel like a dog chasing it's tail. Never quite going to get it. 


SNDK: Proper short and got scared playing the intra 15 min candle. Need to let it finish.




Another not very successful day.  I need to get my head out of la la land, and get in the flow.

Friday, November 19, 2010


X: Since this was a big mover on the morning, i thought i could get some more out of it. 


CLF: If i didn't have to run this morning, i think this could have been a winner.



IBN: I like the pattern. Didn't see the double bottom form right in front of me.



LTD: I went after this one a few times.  I really thought it was going to go back down. No double bottom on this one. Just straight trend change.



 Had to run early today. Closed out positions I would have hung onto. Overall good day sticking with the plan. The market didn't cooperate. I need to recognize when the market is going to go up the rest of the day and not trend down anymore.