MACD/Trendline Swing Trader

[Arnie]

Quote from retire45:

Stopped out of JBL -- The problem with buying 3 or more white bars INTO the hopeful breakout..
Sold HES.. had to trim a bit.. this was BEFORE the JBL stop out.. should have waited.
Short RYL 24.7 .. stop above Today's high.

Based on what I've read, I don't understand this trade. It looks like you would have gotten long JBL on the 12th when it broke the downtrend line (4 day pull back, buy above 14.09). What made you buy when you did? Am I missing something?

PS Great thread!

 

[retire45]

Arnie,

You are right.. It possibly was on reversal scan on the 12th but I didn't notice it..

Out of most positions.. Please pluck me..

Holding..
RYL Short
TOL Short

 

[retire45]

Added to TOL short 20.15, covered all 20 even.. Will re-short on 19.75 ask.. Have to believe it's strength or lack of weakness for now... Then JBL is flying on such a weak day.. No wonder stocks are 4 and 3 letter words..
Need to find Volatile retails for shorting since I don't care for financials..

 

[saltpeanuts]

RG - Thanks for the thread and all the great trade ideas and DD. Not sure I am understanding your reasoning for the TOL short, because of the daily and now hourly positive MACD crossovers, other than the general weakness theme.

Anyhow, I've had some luck shorting BC (boats). I have no idea how low it can or will go, but I figure not many will be buying boats this year.

Thanks again.

 

[retire45]

SP,

No doubt the TOL short, especially trying to be early is clouded by my good knowledge of the business, but as we know there there is very little that makes sense on Wall Street lately.. I will still take the trigger short if it comes..

I also believe the stakes are very high considering housing therefore a lot will be done to keep the big builders solvent.

Good work on BC..

Rashid....

 

[retire45]

Proof we are in an energy bubble (other than PCX, JRCC.. etc)..

http://stockcharts.com/charts/gallery.html?mxc

Anyone have the nerve to take the possible breakout??

 

[pokerg1]

hey im pretty new to trading stocks (still in college). after reading your thread i liked your style of trading and did couple trades. i bought visa at 81.57 and sold around 84 and shorted leh at 26 and covered at 24.5 for aprox total of 11% in 4 days. i have been following u and trying to learn how to be successful at swing trading like u.


i have some questions
for indicators, what is ADX?

and if its not a problem can u type out all the stock quotes u look at if its not a problem? im trying to learn how to be sucessful and try to acheive some kind of % every week like how u did. thanks a lot.

 

[pokerg1]

another quick question, do u trade on margin? and when u trade, how much % of your total equity u use to make on 1 trade?

 

[retire45]

ADX:

http://cs-people.bu.edu/mattph/hws/hw1/adx/adx.html

I don't quite follow the link's description as when ADX gets to 40 a lot of the trend is getting old. Basically the best longs are when ADX is over 15 are rising quickly... then ride it into the 40's.. I think MACD and ADX are similar..

I have attached a text file of a volatile list... from this you should develop your own core list.. you don't need that many.

Usually no more that 10% equity per position, 20% per sector.. Margin and me are like peas and carrots...

 

[retire45]

Well... bought CF and AGU at premarket highs and gave up a quick 3% each.. don't ask..