A 70k bet that I can't make a 50% gain in 2009
- Thread starter geez
- Start date
<img src="http://humanfund.ca/puddles/20100504/spy.png">
<img src="http://humanfund.ca/puddles/20100504/cf.png">
<img src="http://humanfund.ca/puddles/20100504/sndk.png">
10:26
CF SHORT 81.98
STOP 82.18
TGT 82.58
- CF has a weak daily chart, look for shorts..
- CF Gaps up but quickly closes that gap while SPY gaps up.. It continues to show intraday weakness as SPY chops.
- tight lower high sets up at 10:25, take it below the lower high.. It actuallly moved faster than I could put my order in and i got in at 81.98. I'm ok with this as I generally like to short under the round number in these spots..
- Stop to 82.18 was over the last lower high. Target at 2:1.. Next bar triggers my stop and I slip to 82.23 (high tick of the bar).. CF then proceeds to then rocket to my target. -0.25 after slippage (fuuuuu CF)
10:50
SNDK LONG 42.44
STOP 42.22
TGT 42.84
- SNDK has been showing some daily strength with some recent pullbacks. Look to get long if the intra day shows strength
- SNDK gaps and goes, SPY chops. Good rel. strength
- Higher low sets up on the 10:45 bar, enter over the bar. fills at 42.44, 20c stop seems appropriate based on the chart but I give it 42.22 to be below the tail of the 10:45 to be safe. Target set at 2:1 based on 20c stop, 42.84
- After flirting with my stop a few too many times we exit +0.4
1:00
CF SHORT 80.49
STOP 80.62
TGT 80.23
- See daily and intraday notes on CF above.
- As SPY rips between 12:20 to 1:00pm CF drifts lower with no signs of strength.
- Lower high sets up at 1pm, take below the bar.. Short at .49, stop above the higher low, target at 2:1.
- Slow drift to target, +0.26
I generally try not to enter trades between 11am - 2pm but the first CF stop had me a little pissed off and this setup was screaming at me to get my revenge (aka. refund)..
<img src="http://humanfund.ca/puddles/20100504/cf.png">
<img src="http://humanfund.ca/puddles/20100504/sndk.png">
10:26
CF SHORT 81.98
STOP 82.18
TGT 82.58
- CF has a weak daily chart, look for shorts..
- CF Gaps up but quickly closes that gap while SPY gaps up.. It continues to show intraday weakness as SPY chops.
- tight lower high sets up at 10:25, take it below the lower high.. It actuallly moved faster than I could put my order in and i got in at 81.98. I'm ok with this as I generally like to short under the round number in these spots..
- Stop to 82.18 was over the last lower high. Target at 2:1.. Next bar triggers my stop and I slip to 82.23 (high tick of the bar).. CF then proceeds to then rocket to my target. -0.25 after slippage (fuuuuu CF)
10:50
SNDK LONG 42.44
STOP 42.22
TGT 42.84
- SNDK has been showing some daily strength with some recent pullbacks. Look to get long if the intra day shows strength
- SNDK gaps and goes, SPY chops. Good rel. strength
- Higher low sets up on the 10:45 bar, enter over the bar. fills at 42.44, 20c stop seems appropriate based on the chart but I give it 42.22 to be below the tail of the 10:45 to be safe. Target set at 2:1 based on 20c stop, 42.84
- After flirting with my stop a few too many times we exit +0.4
1:00
CF SHORT 80.49
STOP 80.62
TGT 80.23
- See daily and intraday notes on CF above.
- As SPY rips between 12:20 to 1:00pm CF drifts lower with no signs of strength.
- Lower high sets up at 1pm, take below the bar.. Short at .49, stop above the higher low, target at 2:1.
- Slow drift to target, +0.26
I generally try not to enter trades between 11am - 2pm but the first CF stop had me a little pissed off and this setup was screaming at me to get my revenge (aka. refund)..
Quote from NoDoji:
1. This gives me reason to believe you are hanging out in RW's room.
If so,
2. How many times did you say "Die CF die!" after putting on the trade?
1. come by tomorrow and say hi..
2. none. i've been working on closing the chart and deleting the ticker off all my watch lists after i enter a trade.. stop or target rule..
You are talking to a guy that has the computer IQ just over that of a cucumber.
I have no idea what my screen resolution is and am not really sure what an address bar is.
The charts show up so that I have to scroll over to see all of them. The problem is that it sizes the whole page so I have to scroll to read every message.
If it is not a problem for anyone else I'll live with it. Don't change on my behalf.
The computer illiterate Dog