Catching Tails

[Wide Tailz]

The setup......

Trendline then H/R breakout, strong divergence, higher low, MA bundle getting compressed, .618 fib level.

Barring a general market crash, I expect it to retrace to the MAs where I will add shares and raise the stop.

 

[Wide Tailz]

What a strange day on BZH! The Market was skying and my stock sold off, then put in the weirdest flat line range I've ever seen.

Even though I had planned to pick up more shares once it retraced to the MA bundle (this is a great place to buy a retrace), I lost my nerve, tightened the stop and shut down the console. I thought for sure the stock was dead, but it may have just been limit buying.


Sure enough, a couple hours later it exploded to the upside.....

The stock was just upgraded a couple days ago (providing the "displacement" that Jim Rogers talked about that gets a new trend going).

It seems that things always happen after the price action as pushed me to the height of boredom.

Initial target is in the $2.7 range.

 

[Wide Tailz]

Sold BZH @ 2.55 limit

Account Balance: $17,822

YTD Return: 10.3%

Win Rate: .63

Profit Factor: 2.19 (mistakenly calculated as expectancy last time)

 

[Wide Tailz]

Hindsight Update:

Sold too early..... should have sat and waited for $2.7 as I had planned.

My excuse: it looked like wave 5 had come and gone.

I should have just trailed the stop.

 

[Wide Tailz]

Absolutely juicy inverted HnS on FAZ this morning.

Just look at that range compression ..... a low risk launch pad if I ever saw one.

 

[Wide Tailz]

Long FAZ @ 21.22, stop 20.79; 100 shares for .2% initial R

 

[Brass]

Oh, sorry. I thought this was one of those dating threads.

 

[Wide Tailz]

The same principles apply.



It's all about timing.

There are certain times when things are almost certain to happen........

 

[Wide Tailz]

+200 FAZ @ 21.41, stop raised to 21.09 for .3% R

 

[Wide Tailz]

Stopped out for .4% loss.

Quote from Wide Tailz:

There are times when things are almost certain to happen........

In hindsight, this was obviously not one of those times. Was it worth .4% to indulge myself and try to call this top? I think so, because now I see my mistake...... FAZ patterns are of little value on their own, and must agree with the SPY which did not break its up trend on Friday.

Tuition Fee......

Account Value: $17,736

YTD Return: 9.7%

Win Rate: .50

Profit Factor: 1.93