How I Trade AMD & Tech Stocks

N

NoiseTrader

I use higher timeframe analysis and prop calculations to monitor where value buyers are willing to offset momentum sellers. It allowed me to buy Gold recently on 3/23 (still long)

AMD is a high probabillity buy here although the broader market context is breaking down.

I'm long, but I've reduced size below normal levels and loosened up the stop due to the 4/12 earnings release and the possibility of a adverse 10-15% quick move.

Here's my AMD chart with my bid line
http://axis-analytics.com/charts/we...06/0410061.html

And you can download my daily notes in the attached PDF
 

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Hello NoiseTrader

Thanks for being an ET sponsor.

I looked at some of your links. From what I was able to glean from your methodology before my eyes started to glaze over, shouldn't your moniker be the ANTI-Noise Trader? IMHO, you are a little too heavy on the jargon for my tastes.
 
You're right -- more correctly its Anti-Noisetrader...

My main concern is doing more of what works in the market and doing less of what does not work.

What I do works -- and I eat my own cooking...I do it in real-time and I post my trades in live markets in a Yahoo conference.

You can download the Excel files with the trades I''ve been posting (and trading).

Come trade with me for a while and see for yourself...I'll gladly send you or anyone interested my daily trading plan. Just go to my weblog at: http://www.street-noise.net/articles/ And select the "BUY LIST" icon.
 

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AMD today was a good example where a trade imploded, and how getting more aggresive about profit-taking becomes important in a well-offered market that is becoming increasingly selective...

I had trade location long from 34.10 (4/10) and yesterday, (4/12) but took aggressive profits (one at 35.26 and the second at 35.49) due to the imminent release of earnings.

This morning I got stopped out of core long at 31.97 for an average liquidation price of 34.24 for a .4% profit.

Be glad to share my daily list of actions taken in stocks (and commodities) and my pre-opening trading plan, send me a PM or go to my blog:

Use the "Send me your BUY LIST" button, right-hand column at: http://www.street-noise.net/articles/
 
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