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Yep, I know all this seems rather boring and repetitive. IMO, that's what good trading is all about. Forget all the bullshit indicators you're testing or reading about elsewhere.....learn S/R....and you'll be able to turn a buck. Here is another I'm short.....already covered 1/2.....breakeven...

I went short this at $37.25.....trendline resistance & 200 MA. I've covered 1/2 with a trailing stop set above the 200 MA.

I've traded around this one several times over the past few months. Presently, I'm short at $49.90 and will cover 1/2 on the next push down. I'll keep my stop in place a tick over $50.00.

Another short from a weekly chart that has worked well.......a BIGGGGG H&S pattern. I went short at $30.00 (neckline resistance). I covered 1/2 of my position at $27.80 with a breakeven stop set on the rest. At this point, I'll sit back, relax, and see what happens since NOTHING bad is likely to...

I'm still short this at $40.75. Since the base doesn't suggest a breakout will sustain itself, I'm willing to give it some room and time. Targets longer term to the open gap in the lower 20s.

I went short this at trendline resistance ($31.40). As I always do, I took profits on 1/2 of my position when it reached something I was comfortable with ($30.25) and I reset my stop right above the trendline I went short at. I was stopped out on the balance at $31.50. Overall, it was still a...

Point wise, this is the best trade I've made since I've been here. As mentioned before, I felt it was in a H&S pattern so I took at small short at the shoulder highs. As you can see, I got lucky on the big gap down. It points lower longer term, but I took the profit and will wait at this point...

Like TEVA, I lost on this one too. However, the damage wasn't bad. I lost 55 cents. I went short at $20.50 (stick low resistance) and took the loss at $21.05.

In keeping with the educational nature of this journal, I'm going to post the trades I've taken over the past couple of week that were initially posted here. I'll try to explain why I took the trade and what my reasoning was, but most of my efforts will be directed to a chart.

nkhoi, Nice example. On another note, a valid broad requires 5 reversals.

Winston, Broad patterns occur when the tops exceed the previous tops only to pullback and consolidate and then peek out at resistance yet again. Each breakout and subseqent pullback gives the appearance of a failed breakout. However, the stock or index simply pulls back and then rallies...

randynutts, I suspect your definition of getting hammered differs from mine. I did lose a little over 3 points, however, which is more than I normally do. The gap up was a killer, but that's part of it. Regardless, my strategy will stay the same and I'll trade the same setup again whenever I...

Can't go without posting at least 1 long. I'll try this for a bounce over resistance....not much overhead. Caveat.....low volume.

I traded this for a loss the last time I took a position. I've redrawn the chart by adding in a broad pattern.....I'll explain later what they are for those who don't know. I'll take a low risk short at the UPPER line.....I'll get out on a move over it. Intermediate term target at the $35.00...

I'm shorting any rally up to the 200 MA....anudder with gappage. Risk to the mid $50s.

Lots of gaps in this pig. I'll short at $32.00 - $32.25....smaller.....loose stop.....target $25.00

I've traded around this several times over the past few months. I'm shorting it as close to trendline resistance ($48.00) as possible with a 3/4 - 1 point stop. Targets to the $38.00 area at a minimum.

I think I've posted this chart before but I'm not sure. First of all, BigCharts is showing some bad data here......I'm not seeing todays stick. I'm short a small position at $70.00 and I'm still hanging on. I'll add to it on a move up to the upper wedge line I've drawn in. I'll blow out of it...

I've traded this before and it's a tough customer. I'm going to take a smaller short position between prior support & the 200 MA.....$21.15 - $22.00.