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SLG had a decent reversal. DB was ehh not so good. I was actually watching MS and GS on the A-up, but they ripped through the A-values and didn't look back. DB was my sub-par setup. Prob not the best, but something could have been taken out of these stocks. Stock selection is definitely an...

10/11/11 Net Pnl= -69 Shares traded=1400 ASML: =-18 Downgraded, yet was showing some strength. Took my long into the A-up, and took a litle bit of a loss here. SLG: =-20 Upgraded and gapped up. Started rolling over midday. Got short into the A-down, exited my position after...

ASML-long SLG-short DB-long I'll post more specifics in my log if your interested

Ya its really alot of trial and error. Whatever your approach you use, it must be logically consistent. Trading bo's prob requires tighter parameters depending on the what you are trading. Those good new/bad action plays don't come around that often. I just noticed that using the A-values that I...

Just curious, what is the average A-value used by breakout traders in this thread? I'm currently using 20% ATR with a 20 minute OR. The thing is I'm not getting alot of follow through on many of my trades. I'd say about 20-25% getting to targets. 40% at scratches or small losers. The rest...

I'll take a stab at it. Longs were getting lured in...seemed like a bounce would happen. An abrupt reversal happened just when things were looking good for the long side. The second down reversal bar is prob the key place where longs started to give in and liquidate into the lows.

SMG

10/10/11 Net PnL=+32 Shares traded=400 SMG: Took SMG long, after it made an a-up. Got out with a very small profit after it failed to follow-through. It eventually grinded up to a very nice move...guess that's what you get with a very low volume day like today. Earnings season...

10/7/11 Net Pnl=-20 Not alot to note for Fridays trading. Was busy over the weekend so thats the reason for the late post. Trading is slow today as well(holiday). At least I'll get a chance to study for the Series 56 test! :-/

They hold most positions overnight. That type of trading requires a lot of capitalization and they are essentially backed by clients who provide this. Yes that probably wouldn't be possible, but I'm getting very comfortable with ACD. ACD framework is developed by one of the best traders in...

Same thing with targets. Knowing when to let a trade run or take profits at a level. Or if the R:R is even good enough to trade. I've been logging my trades and already see that OR as a % of ATR is very important. ATR is also usually a natural snapback point like the A-levels.

Speaking of YUM. I actually traded this when they released earnings this past Wednesday. Numbers were not bad, yet the stock was not acting as expected. I went short. Didn't produce the largest move, but risked 20 cents to make 40+. This is one of the things that have helped me. To look for...

I've read through some decent portions of this thread, beginning, in-between, and recent posts. I've been trading for the past couple years... well I wouldn't call it trading...more like finding out what doesn't work. Over these two years, my mind has slowly but surely been changing. Moreso...

Yup, they pushed down the SPY into the close last week even though it was a low vol day(holiday). Lets see what happens here

Market keeps testing lower end of pivot range after making an a-down. It failed right at Mav's monthly/qtr level as well

You should try it and let us know...I've had the idea as well, but am focusing on news plays as of late. Here are some parameters that I have noticed may affect the robustness of a signal: -Volatility, look for Narrow range days (NR4, NR7 etc.) -location of pivots(above below A-up/down)...

Yes definitely...hows the intraday stock system working out?

Thanks for the info. Will be watching these levels closely. Does seem like this market has an underlying bid in it. After the ECB decided not to lower rates, I was expecting some sort of retracement after a big rally off of the lows, but we made an a-up and closed on the highs...says something...

No worries, thanks for sticking around my journal. Good trading my friend :)

10/6/11 Net PnL=+115 Shares Traded=1,140 So basically took two trades today. CNQ: +118 Had been downgraded. Showed good RS all morning. Initially failed at the A-up, I took the break of the failure. Ran for a bit. I took it off after i consolidated in a range. Eventually...