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I totally %$#@# this trade up by not taking the time to check the right stop(should have been 82.85) The trade was a setup I like alot...extended daily chart ,gap up, rally most of the day. 13:35 setups up a 5 min higher low that fails. 13:50 has a wide range bar down, followed by just...

14:15 300 FAZ EXIT 79.65 P/L +451.07

02/20/09: 14:07 300 FAZ SHORT 81.20 STOP 81.85 TGT 79.95

10:55 600 DIA EXIT 73.60 P/L -209.60

taking the 1st higher low on the 5 min chart,daily chart looks oversold and with the a.m. gap down I have a scalp long bias this morning.

02/20/09: 10:27 600 DIA BUY 73.93 STOP 73.60 TGT 74.59

02/20/09: Looking to take some scalp longs today. In a perfect trading world I would like to see a selloff the opening 30min. and buy the first reversal, but we'll see what happens.

I would buy OVER the 14:05 bar (77.71), yes wait for it to trade higher than the last 5 min bar...if it continues to fall then it is not a trade.

Mike, About 10 seconds before SRS triggered I took DXD long on a very similar pattern(it's posted in my journal). I put the SRS in here for educational purposes b/c it was "cleaner" looking and easy to see. The 79.82 target is a 2-1 reward of the stop(1.00 stop-2.00 target). Once I see what...

02/19/09: TOTAL P/L +595.22

Don't want to enter anything this late in the day, so I'm going to post 2 patterns(trade ideas) that look for to help clarify to all those who ask. 1. Pull up 5 min AAPL and 5 min QQQQ charts from 9:30am. 2. QQQQ gaps up and AAPL gaps down(rel weakness). 3. As AAPL moves lower from 9:30 to...

14:56 600 DXD EXIT 69.10 P/L -2.00

14:51 DXD got .03 from TGT, moving stop to b/e.

Stop is 68.75...not 69.75

02/19/09: 14:12 600 DXD BUY 69.08 STOP 69.75 TGT 69.75

Should've left a back half (500 shares) for at least 1.00 gain.

12:33 1600 RIMM EXIT 42.18 P/L +809.42

11:52 1000 RIMM BUY 41.71 STOP 41.51 TGT 42.18 STOP & TGT for both RIMM trades

11:05 200 SRS EXIT 75.25 P/L -212.20

Daily chart is oversold and a 5 min higher low here.