Monkman's PV Journal
- Thread starter Monkman
- Start date
Was looking at SNX yesterday. Buy at close 19.78 however macd end of day was negative. Stochastics/macd both triggered signals at 11 am.
I suppose buying at the closing print was an option. I chose to send a limit order for 19.98 and got hit on 200 shares. In the past I have sold too early in the afternoon to find out later that the stock ran up into new highs at the close. This reminds me of when a stock hits peak volume. You can either exit right at peak, EOD, or AM the next day. Some will say that holding to the AM for potential extra profits is worth it, others might say, it increases my risk, I am happy with my trade, time to move on with the next. Personal preference I suppose. With signal triggers I am using pro rata volume to find my entry point. For example if its 8:45am cst, and I see a reading of .08, that reads FRV to me. With the macd, I am using it as a secondary indicator intraday on the 30min, as a double check for BO.
Exited SNX 200 @ 22.02
Stocked ended up making new highs, and volume went through the roof. Looking back yesterday looks like a stall in price. When I see this happen again I should hold through the flaw.
Entered DDUP 500@15.94
Exited 16.03
When I entered the stock, it had barely met FRV. When 11:00 rolled around, it had not made the volume target. Towards the afternoon, it really picked up in volume and blew past FRV. This is going to happen when trading. The morning figures to base volume off of are just projected estimates for the volume EOD. The projects are not always right, which is what happen in this case.
Entered BKE 250@36.03
sold 36.26
This stock also did not meet the FRV mark by 11:00.
I just realized today was a Fed day. Usually I avoid trading on these days. This could be the a cause for the light volume I experienced in my morning positions.
Stocked ended up making new highs, and volume went through the roof. Looking back yesterday looks like a stall in price. When I see this happen again I should hold through the flaw.
Entered DDUP 500@15.94
Exited 16.03
When I entered the stock, it had barely met FRV. When 11:00 rolled around, it had not made the volume target. Towards the afternoon, it really picked up in volume and blew past FRV. This is going to happen when trading. The morning figures to base volume off of are just projected estimates for the volume EOD. The projects are not always right, which is what happen in this case.
Entered BKE 250@36.03
sold 36.26
This stock also did not meet the FRV mark by 11:00.
I just realized today was a Fed day. Usually I avoid trading on these days. This could be the a cause for the light volume I experienced in my morning positions.
Unfortunately do not have access to a computer around 11 am. Attempted to have a program created to make purchases but still not functional at this time. That's why I buy at the close. It's an EOD strategy still testing it. Read from Spyder's journal one that some people were doing this back on the MSN forum with about the same results.
Today MTZ triggered at $13.33 at about 10:30 am and closed at 13.62
TSL also triggered a buy at $13.10 at about 11:30 am. Sell on peak volume before close at $13.53
Today MTZ triggered at $13.33 at about 10:30 am and closed at 13.62
TSL also triggered a buy at $13.10 at about 11:30 am. Sell on peak volume before close at $13.53
FOSL long 504@19.84
exit 20.24
Ran up really quickly. Almost hit 5% target. Came back down, and hit raised stop. Re entered on what I thought was a bottom out of the retrace. It kept going down and broke CCC so I exited.
FOSL long 500@20.25
exit 20.14
It might be a good idea to only re enter when I sell too early rather then when it hits a stop and bottoms out. Lets look closer into this to see what would be the best approach.
This month I blew away my profit target. I set the bar pretty low, but you have to start somewhere. Missed the 5% trade, but came close several times. There were several long signals today. One really good short signal. I plan on taking more bo's next month.
exit 20.24
Ran up really quickly. Almost hit 5% target. Came back down, and hit raised stop. Re entered on what I thought was a bottom out of the retrace. It kept going down and broke CCC so I exited.
FOSL long 500@20.25
exit 20.14
It might be a good idea to only re enter when I sell too early rather then when it hits a stop and bottoms out. Lets look closer into this to see what would be the best approach.
This month I blew away my profit target. I set the bar pretty low, but you have to start somewhere. Missed the 5% trade, but came close several times. There were several long signals today. One really good short signal. I plan on taking more bo's next month.