Thursday, May 26, 2011

I lacked focus. Need to get my head right again.





I was watching this one but didn't believe.


Wednesday, May 25, 2011

Only traded WPRT. I have to get back my focus. I had it for a few days but lost it. What a joke EOD with the Q's and SPY. Lots of good setups early today.








Thursday, May 19, 2011










WTW: caught this one late. this had a gap of 1.4%, my scans only show 1.5%



AAP: was watching AAP turn over. never really saw a clear set up. I did see a clear setup in ORLY below.



FLO: entry. not ideal for me because the move back from highs was a V, I am looking for a U shape. i guess I need to be more picky. Plus,  this stock atr is only .60



FLO: eod


GME: if this was a gap up I would have gone after it. because it was a gap down i didn't. but you can see the first bar is hammer, pulls back forms doji, then makes new high and pulls back to the 20 with the 20 rising. pretty good setup.



HLF: would have been a good trade.


ORLY: entry


ORLY: stopped out around .59.



PETM: i was watching this one as well but passed it up around the 11am mark. then the red doji around noon isn't ideal. i would like it to be green.




WSW: i think on the 5 min chart, this was a nice morning trade. i am considering seeing what happens in the first hour and half on the 5 min. somedays i feel like hunting for a trade between 11-2 is okay, but you aren't going to get the stock to move much until after 2pm. if you find a good setup around 10am the trade could be over by 11am.

Wednesday, May 18, 2011

VECO: I almost went after this around noon, but decided it was too far from the 20, even though it was very very close. Also, I checked the average true range, which was about $2 and this stock more than exceeded that in them morning. i figured it had exhausted itself but i was going to watch for a break of that consolidation area for a long confirmation.



ADI: This one I actually put an order in and immediately it jumped up. I thought I missed the boat. When it came back down, I decided to not get into it.also, the chart was starting to look a little whippy.




CF: Didn't see this until EOD



GPRO: I wish I had the skills to trade something like this.



SODA: another ripper that I was not about to get involved in.


SPY: i think the spy had a better chart than the q's. wish i would have seen this during the day.


 TCK: Sitting right on the line. I would have like to see a more rounded bottom but I wasn't going to take the chance with that nice doji on the 15.



 TCK executions.

Tuesday, May 17, 2011

i am only upset with my trading in QID. it was momentum based which i am not good at. besides that, i had all the correct stock on my radar. i was early on FE and ERF and never took a shot with MAKO because I like to see a green doji as opposed to red. The only thing i can think on FE and ERF was that they were not close enough to the 20 yet. The Q's were very hard for me to read today. i don't know if was due to lack of focus or all the fakeouts.









Thursday, May 12, 2011

TEVA: almost went after this one





Q: I got to the computer late because I'm up all night looking at charts. Like tonight. I need to stop this. Anyway, I watched as the market flushed out on that hammer around 2pm. The tick was well below 1000. As much as I wanted to find a short setup, I felt that the market had been in the low on that whoosh down. So, I decided not to trade anything. Just watch. My hunch was correct.



Wednesday, May 11, 2011

Although I wasn't profitable today, I am still quite happy. I only traded the stocks I wanted to. The setups I liked. I was very picky. In fact, it was strange, because it seemed that there were a lot of stocks that were setting up how I liked. The q's though, weren't moving anywhere, and then boom, they took off. looking now, i can see SPY had the much nicer chart today.


APOL: only passed on this because of past history. i know this stock can go up or down like a rocket some days, so i was timid. she did work out nicely though.



EBIX: not exactly my smooth chart i am looking for but, when there is big bar down, and then a nice retracement that ends in a doji right on the moving average, i feel quite comfortable. it seemed orderly to me. i sat in the trade for a long time. the thing is, i can't pay attention to the level 2. it makes me nuts. i need to just stick to the graphs. watching the level 2 you want to enter and exit every second.



FE: nice orderly chart. 100% comfortable with taking on trade here. also, nice .10 stop so i could grab a few more shares.


FEIC: i was watching this one as well. i wanted to pull the trigger but the 15 closed below the moving average and that called it off for me.  would have been a great trade but i need to be disciplined and selective.




i have the confidence now to know i can find the correct stocks. it is going to be a matter of patience and timing. the best thing i ever did for myself was to trade from 11am-2pm only. yes there are setups that i miss, but i can't worry about that. today i had a good 1 1/2 of focus from about 11am to 12:30 i was on my game, scrolling through charts and soaking the market in. sitting here all day was too boring. limiting myself to 3 hours is very helpful.