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Here are two trades for tomorrow. Will do recap on all of my trades during the weekend just to refresh my mind on why i took entries... see what i did well and see where i screwed up. Notice that I am taking 1/4 of a position on each of the stocks because they do not match all of my...

I think the service is missing the point (or at least being very stubborn) of O'Niels signal... at least in terms of let the market tell you when you are right. O'Niel never advocated for going against the market even when "sell" signals came up. I do agree with you trend_follower though... I...

Surely if your method is so profitable you don't need to be convincing everyone else do you? JSS: I don't use MACD simply because some of the setups I use require me to go in when its giving divergent signals. Now, I guess it is extra powerful if everything lines up at once... but I don't...

Im missing the sell signal. There was no high volume without further price movement upwards. The markets have been moving pretty nicely... The confirmation is if the second rally fails, but you can't confirm something that has not happened. And there has been no failure as of yet. I'd say...

Heres the question from me... that was a pretty nice short setup by itself without the use of MACD. Is there a reason for your use of MACD, especially in such cases where the entry is obvious?

The pullback plays are my exact entries pretty much. So are breakouts/breakdowns. I like to keep it simple... not that I have tons of experience to actually trade with more sophistication, but... the only indicator I have ever had success with are MAs and those arn't used to make decisions in...

What's your plan? Also, it might be more helpful to you if you posted this in the journal section...

There you go. Also, place your stop below support. You will often find even if you are right, if you are placing your stop at support and not under, you will be taken out of your position.

You bought at resistance and sold at support... Think about that statement... there is a lot of substance in it. I am not being fecitious either. You literarily bought at the top and sold at the bottom. Confirmation would have been a break to the upside before you enter; this can be...

You didn't exactly answer my question. The difference between your entry and the confirmed entry is 6 cents. The difference between your stop and slightly under the level (where there is support) is equally small. Why sacrifice confirmation to be 6 cents early? It doesn't make sense...

Just some friendly advice... if you are buying at the top of the range wait for the confirmation first. IE, for swing trades, I usually wait till 6 cents above the entry and set my limit order there. Also, on your stop, why did you set it before the bottom of the mini range? The stock could...

Couldn't edit last post to include attachment for how friday's entries on PPD.

Thought I banked half of my shares on SRCL. Freeking simulator doesn't always sell. That's not my bad though... I still stuck to my guns and banked half of my shares at 90 (2x risk). Raised my stop on SRCL to 87.20. If I was profitable I would maybe stay in this, but now it makes no sense...

I have been going over all my books since the start of the summer and decided to see if I could find some more nuggets from dave landry on swing trading. Found his entry on micro cup and handle patterns to be very interesting. Essentially, you are looking for a shorter frame cup and handle...

Ok sorry about that I don't know why I didn't understand that in the first place. That setup looks like it does provide a great r/w and moves very quickly... For interday setups, how often would you say this occurs? Nihaba: thanks, I will check out your thread. Note that when I buy a...

I only know very basic candlestick analysis. Could you mark the chart by any chance? From the looks of it, I would not buy the stock based on my time limit simply because it was so far extended from its base that it would consistute a smaller holding time. Any books on candle sticks that...

My average holding time for a stock is a week to a few weeks(rarely longer unless I get lucky) and 1-3 days if things go bad. Part of my philosophy as a trader is I have to have at least a 2:1 R:R into the next resistance level in order to take a trade. Because of this, my setups have...

Thanks. That's a nice setup...

Got a little of my gains taken away from me today... Purchased SPN near low today. Have a tight stop for a small loss at 38.15. Not sure of the odds of this trade... it looked a little like capitulation selling to me so I gave it a go. If it drops below 20 DMA, I'm out.

Do you have a method to 2% - 8% or is that just a figure you are using? Place your stops based on average volitility, technical s/r areas, mas, etc. Your stop percentage must also fit in with your overall trading plan: r:w, timeline, probabilities of your system. Basically, as far as a...