Margo's Swing Journal

[mdmbud]

do you use bicharts for your charting service?

 

[margo_trader]

And another.....gaps, holes, gaps, holes. Who thinks they'll stay open?

 

[margo_trader]

I'll short as close to the highs as I can with a tight stop. I don't automatically discard the setup when I do get stopped out cause it frequently happens. When I get stopped out, I sit back and wait for it to push higher.......then pullback under the breakout level.......then push back up and put in a lower high on the daily. I'll then short it again as close to the prior high as I can with my stop set at the highs. Really simple stuff but effective.

 

[margo_trader]

Looks like distribution to me. I'll short at the upper trendline with a stop on a violation. This is a weekly view.

 

[margo_trader]

Head & shoulder pattern that's still valid. A low risk short at trendline resistance with a tight stop.

 

[OldTrader]

Originally posted by margo_trader
Something came up last week and I was unable to update the journal on a daily basis nor was I able to trade except for Monday. I will try to be more active this week. As I mentioned before, it is often difficult to find the time to post. I work for a defense contractor, and I have to make frequent trips away from home.

Thus going to prove that you're ALWAYS better off being lucky than smart. Had you been here you would have lost on all of your trades I suspect because they were all shorts in a big upweek. Maybe your job won't call you away this week, AND it will be a down week, so that you can make some money.

OldTrader

 

[margo_trader]

Another head & shoulder pattern. Low risk short at neckline resistance.

 

[margo_trader]

Not the best looking setup but still low risk. I'll short at the trendline....get out if it goes over it.

 

[margo_trader]

I'll short at the upper trendline and get out on a move over it. Targets down to the lower trendline.

 

[chasinfla]

bjs was upgraded last week and acted heavy nonetheless. ESV has been a dog for the past couple, failing to sail when the OSX did, as well. Thank you for pointing out these charts.