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Trade #9: My reasons for taking this trade are that the stock has been in a downtrend on the weekly chart since the middle of 2014. On the daily chart the price has formed a clear downtrend channel over the past four or five months and is now trading at the top of the channel. The top of the...

Trade #8: My reasons for taking this trade are that the stock is in an uptrend on the monthly chart and on the daily chart it is forming a small bullish looking trading range. This is about as far as I got in my analysis when I entered the trade. Now that I am writing up my observations in...

Two new trades taken today. Found out today that I've got to go out of town on business for a week so I'm just going to have enough time to manage the nine outstanding trades and not take any others until I get back. Will likely not be able to post much either.

Interesting discussion on indicators. I'm always fascinated to see the variety of methods profitable traders use. For me, I spent years unsuccessfully trying out different mechanical indicators in the hopes that some combination would provide me with a relatively mechanical trading system. It...

Trade #7: My reasons for taking this trade are because the stock appears to be trying to breakout of a large head and shoulders pattern that started forming in the Fall of 2013. Last month’s candlestick was a breakout attempt that failed and is now pulling back in to the pattern. On the...

Trade #6: My reasons for taking this trade are because the stock has been in a sharp downtrend for over a year and is now pulling back weakly on the weekly chart to the 40 EMA. On the weekly chart there is also a small trading range that formed last Fall which should act as resistance to the...

I took two more trades today and in order to keep track of all my trades I created an Excel workbook trading log. Attached is a snippet from the log with all trades to date. I see that I really haven't been risking much on each trade except the first one. This is probability a good idea until...

Just an quick update on trade #3. I moved the trailing stop loss above yesterday's high to bring my initial risk exposure down to about 25% of what it originally was. If stopped out, I may look to reenter if there is bearish evidence, but right now there are too many tightly overlapping bull...

Not a problem. One of the reasons I'm here is to to hear opinions other than my own. I see that this is a fairly high dividend stock. I didn't really consider that when choosing the trade. Fortunately the ex-dividend date was earlier this month. I see the double bottoms you mentioned. My...

Thanks. Trying to stick with pullbacks in trends for now while I continue my studies and backtesting. These types of trades feel more intuitive. I appreciate your comments and suggestions Cswim.

Trade #5: My reasons for taking this trade are because the instrument has been in downtrend since July of last year and it appears that the downtrend will continue for a little while longer. Earlier this month the instrument formed a near perfect 40 period EMA setup on the daily time frame then...

Trade #4: This setup was similar to the heating oil trade although the stock does not appear to have anything to do with heating oil. My reasons for taking this trade are because the stock is in a longer term downtrend and has recently pulled back to the 40 day EMA. The first leg up to the EMA...

Agreed. Those trades that I did well on over the past five year A lot of traders use Bollinger Bands. I studied them in the past – even read John’s original book. Not sure why I stopped using them, but you can clearly see that they provide a lot of valuable information: dynamic S/R, trend...

Makes sense. Thanks again.

Thanks for your advice Cswim. I'm sorry you weren't able to download the attachment; it's just a framework I laid out to help me better understand the type of market environments I'm trading. It's a PDF file as I was unable to post a Word document. You are right also that often the market is...

I have a lot of setups that I identified this weekend. Due to time constraints I will only post those that I actually enter.

Well, I initially set out this weekend to better define my setups. I ended up starting the first few pages of a trading manual for myself. I first reduced the different stages of price movement into the following conceptual categories: sharp trends, choppy trends and trading ranges. Then I...

Nothing much real special about NXPI other what I wrote already. This is definitely an "anticipation" type trade without much "confirmation". So the risk is higher but the reward is also. Because I limit my initial risk for stocks and stock index futures, I only had one stock to choose and...

Here’s an update on the three active trades I have. Trade #1: MAR 2016 ES daily timeframe – Stop moved to breakeven ($1847.50). If price moves back down to that level I don’t want to be long unless another setup presents itself. Most traders seem to be very bearish right now on the stock...

Thanks Handle! I rolled it over this morning to the April contract using a calendar spread that my broker provides. Here's the updated prices based on the April contract. Trade #3: Update based on roll from March to April contract. Instrument: April 2016 HO Timeframe: Daily Setup: Pullback...