A 70k bet that I can't make a 50% gain in 2009

[AA48]

You sold the low of the "lower high" bar,with a stop just above the bar's high....Good luck...

I am confused though...the stock is rallying from the opening bell.So,if I understand your logic ,you should buy a higher low.Where is my fault?

 

[Appleseed]

Quote from AA48:

You sold the low of the "lower high" bar,with a stop just above the bar's high....Good luck...

I am confused though...the stock is rallying from the opening bell.So,if I understand your logic ,you should buy a higher low.Where is my fault?

Look at :"C:\Program Files\QuoteTracker\stocks.exe"

Best free charts and Geez's trades will jump out at you on the 5 min.chart (for me after the fact )
cheers
john

 

[AA48]

The fact is that this trade was also profitable.The price reached the profit target.

I want to learn the logic of Geez,my friend.I do not trade the US markets,so I am not interesting in finding stocks through a program or a "radar".....I want to learn his way of thinking,so that I'll be able to implement this strategy into my own markets.

Eitherway,the very strong part of Geez's strategy is the money management.Not the technical part.There are hundreds of systems out there with a w/l ratio of 50%. or better.Even if you flip a coin,your success rate will be 50%.Keeping your losses very small and have a reward/risk ratio of 2 or better is what makes this strategy a "money machine".

 

[geez]

5/7/09:

LATE POST:

1000 PSSI EXIT 16.66
P/L +274.86

 

[geez]

5/7/09:


2:34 800 SDS BUY 58.92
STOP 58.67
TGT 59.42

 

[geez]

Quote from geez:

5/7/09:


2:34 800 SDS BUY 58.92
STOP 58.67
TGT 59.42

EXIT SDS B/E within .02 of tgt

 

[geez]

5/7/09:

Total P/L +1,106.18
4 trades
3 wins
1 b/e

*there were questions about today's trading I will get to later. I have to finish up at work here first and then will talk about the trades from today.

 

[forsalenyc]

geez on fire =)

keep up the good work.

 

[geez]

Quote from forsalenyc:

geez on fire =)

keep up the good work.

Ladies and Gentlemen....
An NYC siting!
Thank You

 

[geez]

Quote from AA48:

Geez,

let me see if I understand your last long play on DXD.The overall market is down today and DXD has gapped down but immidiately it starts to rally,according to the 5 min. chart.

Then,it makes a 1 bar retracement and creates a higher low swing point.The low of that bar is your technical stop,if I understand correctly.Then,I am a little confused about your entry point,because the scale of the chart doesn't help me.Do you wait for the "higher low" bar to complete and then you buy the violation of its high,or you buy the violation of next's bar high when it is also completed?

You are doing great....congratulations

You nailed it....exactly.