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QQQBALL, No, I missed it. I had my finger on the trigger, but they pulled the plug a point to soon. I don't read news, but I try not to take a new position in something going "into" earnings....assuming I'm aware their announcing of course.

My plate is pretty much full at the moment and I don't have much time tonight, but I thought I'd post a few that I'll be watching over the next couple of days. This still has a ways to go before it's actionable, but I'll be a short at the highs.

Babe, I try to keep it as simple as possible. If I see a stock in a parabolic rise and I'm able to identify resistance....say at $50.00......I'll short as close to $50.00 as I can. Normally, I'm in front of the trigger price 10 - 20 cents since many don't make it. Unfortunately, I'm not...

chasinfla, You're too much :)

QQQBALL, Speaking of MIMS, I traded it several times going back a year or so. I don't recall exactly which trades I took, but they were all the based on the 3 inside sticks that I've mentioned earlier. Notice the signals it gave....5 over a 6 month period.

QQQBALL, I didn't explain that very well. When I find a nice looking ascending triangle with very little resistance above the threshold level, I'll pull the Yahoo profile and look at what the float is. If it's small....say less than 15M.....I'll slap it in quotetracker, set an alert on it...

The momo still points up so it's a longshot but I'm shorting somewhere between $26.75-$27.10 with a stop set at $27.25.

I've traded this several times, and I don't think I've ever made a nickel doing so. I'm looking to establish a pilot short in this as close to the stick highs as I can get it with a tight stop.

Yep, this one is thin as hell but it sure looks explosive. It's a weekly chart with almost 6 years of consolidation. I'm going long over resistance of $1.00 with an initial target of $1.60. Keep in mind I have no idea what the story is with this company.

These are the kind of longs I've been looking for over the past couple of weeks other than the bounce setups. Unfortunately, there aren't many to be found. This is a weekly chart and appears, IMO, to be setting up into a bullish inverted H&S pattern. Notice the symmetry between the 2...

I normally avoid trading cult stocks, but I'll give this a go short on a move up to the stick highs with a 1/2 or so stop.

I'm going to short this as close to the trendline as I can. Notice the holes / gaps in the chart.....a full retrace is likely.

Another parabolic move up out of thin air that I'll short as close to $50.00 as I can. Since a move over is unlikely to sustain itself, I'll carry a loose stop on it and trade it with a smaller position.

babe714, Not at all.....that would be wayyyyy too much risk for me. The low risk trade and the way I'll be going in is to short at the TOP of the UPPER TRENDLINE, which appears to be between $70.00 - $70.50 with a stop on a move over the trendline....maybe a 1/4 of room of so if you wanna...

QQQBALL, My writing skills suck, but I'll try to add more to each setup. I don't consider the fundamentals at all and realize I should. Unfortunately, I don't even know how to calculate the P/E ratio. The only thing I look for and I'm not even sure if you'd consider it fundamental...

dgabriel, I agree and couldn't have said it better myself.

Bilbo, I typically take trades that have at least a 5 to 1 ratio. I'm not saying I clip that much every time because I don't. But, it's what I'm looking for BEFORE I establish a new position. Like every trader, I go through spells where I couldn't hit a bull in the ass with a boat paddle. It...

Oh brother

If I ever get sick of looking over 1000s of charts every week, this will probably be the only type of setup I'll trade. Basically, it forms when 3 consecutive candlesticks are inside the previous days candlestick. A bearish setup occurs when the 1st and 3rd candlesticks close LESS than the open...

TrendFader, As I've mentioned before, I've found a style of trading that fits my personality and I make money doing it. When it's not profitable for me anymore, I'll do what it takes to find another. The point in this journal was never intended to convince those who read it that I'm some sort...