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

Quote from DT3:

geez, do you wait for the candle to close when taking trades or any move past the high/low?
More...

Not sure what candle you mean DT3....I'll let hotpuddles put a chart in first and show where we enter, that may help. But if I am shorting I enter as soon as the prior bar is broken. Like RIG at 11:05, once the .75 breaks the .76 of the prior low, I enter.
 
gottcha, I was just asking in if you like to see the bar close before you go long/short or if it just hitting a price is good enough for you to enter
 
Quote from DT3:

I'll try to contribute let me know if I got this wrong :)

Short WFC at 29.17
Stop 29.52
Tgt 28.67

wfc showing weak relative strength, going short at the break of prior pivot low
More...

out at 28.76, but something tells me this isn't a trade you or puddels would take. would love to hear comments
 
<img src="http://puddles.humanfund.ca/20100524/spy.png">

<img src="http://puddles.humanfund.ca/20100524/gild.png">

<img src="http://puddles.humanfund.ca/20100524/hgsi.png">

<img src="http://puddles.humanfund.ca/20100524/100524-hgsi-sterling.png">


10:04

SHORT GILD 35.99
STOP 36.09
TGT 35.79

- I had massive sterling charting issues for the first hour, I ended up trading off my Ninjatrader charts which I'm totally not used to.
- GILD drifted lower with SPY but didn't move much on SPY's big bar, moderate relative weakness
- Take lower high
- out -0.1


10:53

LONG HGSI 24.01
STOP 23.87
TGT 24.29

- At this point sterling charting is back.. somewhat.
- HGSI showing great relative strength. Gapped up and going up after an early pullback
- Rather than showing me the 10:45 bar, Sterling shows me a bar for 10:48 (?!?). Screencap below.
- Because the high of the bar on sterling was .98 i decided to wait until .01 to make sure it got through the round #
- Entry .01, stop at .87 as per the bar as seen in sterling.
- Since it's Victoria Day up here I go out for lunch with my GF who is home.
- As per usual all my trades are bracketed.
- While at lunch I see on my BB that I should have stopped out
- I return home to see my stop never triggered and my target hit..
- If I had used the correct entry/stop/target based on the real 10:45 bar (.96, stop .87, tgt .14) I would have hit my target before the shakeout
- This is pretty f'ng scary to me but for now I'll take this win..
- out +0.28


http://puddles.humanfund.ca/wp/2010/05/24/2010-05-24-trades/
 
Quote from DT3:

I posted it a 9:44 so prob. a minute or so before
More...

I like the rel weakness of WFC but it never gives me a setup (on the 5 min chart)that I would take. It has 3 bars down and no pullback up (no green bars) I would either wait for this to base and short the break of that or wait for a lower high to set up.

You were right on picking the bank sector though..check out AIG and GS setups today.
 
<img src="http://puddles.humanfund.ca/20100524/spy.png">

<img src="http://puddles.humanfund.ca/20100524/sii.png">

<img src="http://puddles.humanfund.ca/20100524/amgn.png">

<img src="http://puddles.humanfund.ca/20100524/mon.png">


14:17

SHORT SII 38.91
STOP 39.03
TGT 38.67

- SPY heads up between 13:45 to 14:15
- SII drifts slowly downard showing relative weakness
- short lower high
- out +0.24

14:43

LONG AMGN 53.04
STOP 52.97
TGT 53.21

- SPY sells off from 14:20 to 14:40
- AMGN holds a tight range indicating relative strength
- Take the next higher low just outside the range
- out -0.07

14:56

SHORT MON 54.24
STOP 54.31
TGT 54.1

- MON shows relative weakness through the afternoon
- It's not a complete week unless you short MON
- MON makes a nice lower high at the LOD, short under it
- out +0.14

3-2 today, probably should have been 2-3 but I'll take it..

http://puddles.humanfund.ca/wp/2010/05/24/2010-05-24-trades/
 
Quote from geez:

I like the rel weakness of WFC but it never gives me a setup (on the 5 min chart)that I would take. It has 3 bars down and no pullback up (no green bars) I would either wait for this to base and short the break of that or wait for a lower high to set up.

You were right on picking the bank sector though..check out AIG and GS setups today.
More...

How did you end up on the RIG short? Hope you were able to hold some for awhile.
 
You must log in or register to reply here.
Back
Top