Livermore, Tudor Jones and Cohen

Quote from Standard Oil:

Long Candidates:

ARST

Short Candidates:

SAPE
RMD
DJP


I like any short trades that set up on the SPY around 108 ish and may just trade the etf itself.
More...

DJP with that kind of volume?:confused:
 
Long Candidates:

None

Short Candidates:

QDEL
DV
MELA
MYGN
HOGS


The problem the last 5 days is that my scans have not produced very many long trades in fact today was the best day for (number of trades) in a long while and again the majority where shorts. When the market is bouncing like this and stocks do not confirm the movement, it "usually" means the move can not be trusted.

During periods like this I think that even the best of the best spin their wheels and make marginal returns and a trader can only extract what the market has to offer.

This is typical of random market conditions and that's what I would consider the last 5 days in spite of the rally.
 
Quote from Standard Oil:

Someone finally asked a good question!

These 3 men all had several things in common.


1. They all understood the importance of key price levels in relation to a stocks behavior or as some people like to call it price action.

This is the most important element !

I don't have time to list them all right now but you are on the right track.
More...

Any chance you could go through the rest of their similarities? Or is it just that one?

Further what time frame are you looking at to determine the market reaction/conditions as it approaches or moves away from one of these key levels?

Are you looking at Volume changes/extremes are it approaches these or just price changes and velocity?

Thanks I am enjoying the thread
 
Quote from invertednz:

Any chance you could go through the rest of their similarities? Or is it just that one?

Further what time frame are you looking at to determine the market reaction/conditions as it approaches or moves away from one of these key levels?

Are you looking at Volume changes/extremes are it approaches these or just price changes and velocity?

Thanks I am enjoying the thread
More...


I think what they all do / did well was understand at what point in space and time, the path of least resistance was located.

If you can wait patiently (something I'm not doing the last few days) then you can find trades where it's almost impossible for the stock to do anything but move in the "expected" direction.

Most people will not want to wait and prefer to engage the market all the time and that's just silly.

I do like to trade a lot but that being said I know the times when the market is almost a sure bet and when it's random.

I personally trade larger size when my bias is the strongest (versus times like the last 6 days) where I can find no "strong" bias and no confirmation.
 
Quote from Standard Oil:

Long Candidates:

None

Short Candidates:

JNPR
TSS (a rare top call)
SAFM
More...

A couple of very interesting shorts ...TSS...SAFM...how was yesterday?
 
% OFF OPEN

-.76% Loss


I'm embarrassing myself this week guys but IT HAPPENS.

It's really important to keep your MONTH in focus during weeks like this and all it takes is one good day to wipe out all these small losses and turn things right around.





Thurs. Candidates:

Long Candidates:

NANO
NTGR


Short Candidates:

STLD
NU
SIGM
RRR


I still do not see any conviction for long trades as this market makes new highs. I'm going to trust what I see and stand aside on the longs till after the first hour.
 
Stick a fork in it she's done.

SPY has spent it's load and I'm exiting the 2 longs here (sorry) and holding the shorts.

In all honesty I'm netting out only 2% on the NANO trade even though it's up 9.92% right now.
 
You must log in or register to reply here.
Back
Top