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  1. E

    Point and Figure method - trading journal

    Two cruise line stocks- RCL and CCL Both strong. Looks like a nice industry and a nice ride - not just for the passengers of the cruise lines, but for the speculators as well. http://www.paf.am/?di=JLCE
  2. E

    Point and Figure method - trading journal

    YELP is all over the place, reminds me of a buddy of mine who was never able to sit still when we we're young. He got in trouble in school all the time. For traders who enjoy trading range action this could be a play. http://www.paf.am/?di=GQTX
  3. E

    Point and Figure method - trading journal

    And lets compare the relative strength - Which one would a trader choose? Among these nice performers the decision is hard. Based on technicals, AFFY is stronger. Usually it pays off to be in the strongest stocks. The long term shows Affy being stronger, with a current pullback...
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    Point and Figure method - trading journal

    Looking at two strong stocks AFFY and OCN http://www.paf.am/?di=QJDG
  5. E

    Point and Figure method - trading journal

    It is always interesting to see the big picture of the market on a weekly chart of SPY and weekly 5 point figure chart of SPY. We are actually in a clear uptrend, had a pullback, that did not reach the lower trendline in place since 2009. On the short time frame trend line we can the higher...
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    Point and Figure method - trading journal

    CNP will we finally fall through the 45 degree p&F trendline? http://www.paf.am/?di=SC5L
  7. E

    Point and Figure method - trading journal

    How far up can we go? That is the question on many traders' minds right now. Looking at SPY - the rally is on rather low volume. The thrust is weakening. We are now looking for clues, evaluating if we will have a small pullback and go higher OR if we will head down again another leg. We...
  8. E

    Point and Figure method - trading journal

    S looks like it will want to head higher. We are pulling back to the gap on minimal volume. http://www.paf.am/?di=EPJ9
  9. E

    Point and Figure method - trading journal

    Another bullish bar in the market, and we got the reversal to X column in the SPY. Let's see if it will meet the resistance as we identified earlier. http://www.paf.am/?di=HYNH
  10. E

    Point and Figure method - trading journal

    I use eSignal on the trading computer that I have eSignal installed on. On the laptop I don't have eSignal so I just use the free YAhoo Finance data. It does accept IB. I have an account with IB but I don't use it for data as I have eSignal.
  11. E

    Point and Figure method - trading journal

    Technical Wyckoff analysis of APPLE. AAPL is again becoming interesting. A stock that has been in the highest number of funds, with funds then wanting to get rid of it, securing profits, as we have seen in the downtrend. We now had some stopping action with the reversal on Friday, and now a...
  12. E

    Point and Figure method - trading journal

    The Intraday point and figure chart of EXPE tells us we might be breaking the 60 level. http://www.paf.am/?di=8T6V
  13. E

    Point and Figure method - trading journal

    For now it seems like we are in the rally we were anticipating earlier. How long it lasts, or if this is the beginning of a larger up - nobody knows. KORS is an interesting stock for an upmove. It gapped earlier this year and we have now tried to close that gap, but failed. Instead we had a...
  14. E

    Point and Figure method - trading journal

    We've had a big drop and will likely get a rally from here somewhere. Markets move up and down. We could be testing or entering the yellow area during this week. On Friday we saw a reversal bar. http://www.paf.am/?di=BAZ7
  15. E

    Point and Figure method - trading journal

    DVN breaks some tough support while SP500 breaks its support http://www.paf.am/?di=TKEF
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    Point and Figure method - trading journal

    The market is getting somewhat oversold, and we WILL get a pullback at some point. WHEN the pullback comes a short term trader could enter positions in strong stocks, if keeping in mind that the 3 month longer trend is down. We will get a pullback and test the 1400 level in SP500. If we get...
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    Point and Figure method - trading journal

    UTX in a break down through the short term support http://www.paf.am/?di=20XY
  18. E

    Point and Figure method - trading journal

    For a trend follower ADP only means following it down. Maybe to 50. http://www.paf.am/?di=33E3
  19. E

    Point and Figure method - trading journal

    ACN is a tech stock that is in a nice downtrend, we are abit over extended for going short, unless the bottom falls ut at this point, as we are at a support level. http://www.paf.am/?di=R4ZA
  20. E

    Point and Figure method - trading journal

    We had a huge up bar in FB which we are interested in mainly on the short side. We are still in the range we identified, and these huge up moves have happened before in this range. If we have worse times ahead, an entry at the top of this range could prove fruitful...
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