This was the "weak bar reversal" strategy that generally works on a strong market. This started working and took 2 bars to give away all profits. Nice thing is I did not get an opportunity to add to the position and hence this was a break even trade..
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Tuesday, November 11, 2014
CBI long
CBI was an excellent play though it did not last and did not give me much returns as I expected it to. THere was a beautiful consolidation on 1 min chart and buying above that and above 1st 5 min bar was an excellent trade. Had to exit quick to protect my profits.. this trade did not work after that once it breached 56 level. Had called to go long above 56....
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ISIS long trade
Called to go long on ISIS above the prior bar high above 49.1 and add above 49.2.. exited the position close to 49.5 and kept some.. Added again on rebound and exited soon after..
Not a bad trade but these days quick profits are a must
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Not a bad trade but these days quick profits are a must
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Monday, November 10, 2014
FSLR swing trade
FSLR is at a very good support level on daily. Some of the issues with the chart is:
1. It is in a downward trend, see weekly chart
2. It is below 200 day MA on daily
Good thing is that it is at a good psychological support area of 50 and if this holds, there is a good chance of a short term bounce. One can play it long with caution.
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1. It is in a downward trend, see weekly chart
2. It is below 200 day MA on daily
Good thing is that it is at a good psychological support area of 50 and if this holds, there is a good chance of a short term bounce. One can play it long with caution.
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Why DDD did not work
I called out for DDD to go long twice and wanted to add above a certain level but never triggered and this long did not work.
Let's have a closer look at each calls and see why that was the case.
As per my trading plan, the real entry to this stock is above the 1st 5 min bar, that never happened. But I do a pre-empt entry if I like the stock due to earnings. Hence I entered this with a very small size and a tight stop so that I do not miss it if it goes my way.
1st entry on this came very early but due to the big bar, the entry was much higher that what I would have expected. IF you look at the daily consolidation and consolidations on the 60min chart, you will see an area of lot of resistance. Generally people who have been long on this trade will take profit or will try to exit out at these areas. WHen the stock did not hold the 36.4ish area on the 1min chart, I exited the 1st trade.
Another entry on this came a bit later when the stock touched the low of the day BUT did not fall below the Low of the day. Again this also did not work as the price failed to go higher the prior highs and the 1st 5 min bar.
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Let's have a closer look at each calls and see why that was the case.
As per my trading plan, the real entry to this stock is above the 1st 5 min bar, that never happened. But I do a pre-empt entry if I like the stock due to earnings. Hence I entered this with a very small size and a tight stop so that I do not miss it if it goes my way.
1st entry on this came very early but due to the big bar, the entry was much higher that what I would have expected. IF you look at the daily consolidation and consolidations on the 60min chart, you will see an area of lot of resistance. Generally people who have been long on this trade will take profit or will try to exit out at these areas. WHen the stock did not hold the 36.4ish area on the 1min chart, I exited the 1st trade.
Another entry on this came a bit later when the stock touched the low of the day BUT did not fall below the Low of the day. Again this also did not work as the price failed to go higher the prior highs and the 1st 5 min bar.
Want to do day trading for a living? Want to lean how the stock market works? Learn to invest in stocks and start investing to save for retirement.
I teach my day trading strategies and call out on real time basis on twitter and stocktwits? Learn the way I trade and make consistent returns. Check out my strategy all in one place - http://agaptrader.com/Trading_DVDs.html
Gappers Nov 10 2014
GAP UP $JDST $RDC $CMCM $LUK $BID $DDD $LCI $EMES $NFX $EDC$BABA $GILD http://stks.co/d1EPt #gapup #daytrading #stockmarket #stocks
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Wednesday, October 8, 2014
Gappers Oct 8 2014
Want to do day trading for a living? Want to lean how the stock market works? Learn to invest in stocks and start investing to save for retirement.
I teach my day trading strategies and call out on real time basis on twitter and stocktwits? Learn the way I trade and make consistent returns. Check out my strategy all in one place - http://agaptrader.com/Trading_DVDs.html
I teach my day trading strategies and call out on real time basis on twitter and stocktwits? Learn the way I trade and make consistent returns. Check out my strategy all in one place - http://agaptrader.com/Trading_DVDs.html
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