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Dgabriel's Swing Journal
- Thread starter dgabriel
- Start date
Naz comp. See how it broke the 50 dma on 10-24, and recovered, also hold its long term trendline? (You can't on this reproduction but just go to your own chart and you will see it clearly.) It did the same thing today. Similar hammer candlestick too. SHows you buyers are sitting and waiting.
One day it will break both the 50 dma and its trendline and won't look back. May not happen for a month to 6 months but it probably will.
One day it will break both the 50 dma and its trendline and won't look back. May not happen for a month to 6 months but it probably will.
Attachments
Today went reaonably well.
Sold CECO at the open 47.63 +4.23
Sold NVLS 42.60 +.20
I took a couple of entries on a swing basis and was stopped out:
Long AKAM 11.79 stopped out 11.44 -.35
Long CRIS 5.87 stopped out 5.72 -.15
I took another swing entry which hit my target today:
Long NVEC 44.6 sold 47.30 +2.6. See chart.
I have been trading this long on the approach that it is developing a cup in a C&H pattern. It looks set to continue, hitting an all time high today, but this stock has violent reversals and the market seems pretty skittish, so I took profits as a safeguard against it hitting solid resistance. I will consider a new entry tomorrow.
Sold CECO at the open 47.63 +4.23
Sold NVLS 42.60 +.20
I took a couple of entries on a swing basis and was stopped out:
Long AKAM 11.79 stopped out 11.44 -.35
Long CRIS 5.87 stopped out 5.72 -.15
I took another swing entry which hit my target today:
Long NVEC 44.6 sold 47.30 +2.6. See chart.
I have been trading this long on the approach that it is developing a cup in a C&H pattern. It looks set to continue, hitting an all time high today, but this stock has violent reversals and the market seems pretty skittish, so I took profits as a safeguard against it hitting solid resistance. I will consider a new entry tomorrow.
Attachments
Went long NVEC on strength this morning, bought two lots on pullbacks at average price 48.10 sold in two lots at average price
50.47 +2.27.
Went long TASR after it broke 64.7, although I marked 64 as a an aggressive pivot and 64.7 as a conservative trigger. Long 64.95.
Closed 66.9 +1.95.Holding.
Current positions long CACS, DJO, IMOS. None short, but have an eye on CELL to short on next bounce.
50.47 +2.27.
Went long TASR after it broke 64.7, although I marked 64 as a an aggressive pivot and 64.7 as a conservative trigger. Long 64.95.
Closed 66.9 +1.95.Holding.
Current positions long CACS, DJO, IMOS. None short, but have an eye on CELL to short on next bounce.
Quote from dgabriel:
Went long NVEC on strength this morning, bought two lots on pullbacks at average price 48.10 sold in two lots at average price
50.47 +2.27.
Went long TASR after it broke 64.7, although I marked 64 as a an aggressive pivot and 64.7 as a conservative trigger. Long 64.95.
Closed 66.9 +1.95.Holding.
Current positions long CACS, DJO, IMOS. None short, but have an eye on CELL to short on next bounce.
Jeeeez,
You have a worm on my computer where you can see my trades?
I was long NVEC in morning and TASR in afternoon...
PEACE and good-speculation!