The Weekend Trader

Actually the funny thing is,

You could trade XOMA as if it was in a down trend... ie if it goes up much more, I would potentially view it as pulling back from the downtrend, and setting up a short.

can make $$ either way.
 
Quote from ctrader:

Hey,

Unfortunately I was asleep at the wheel. That order expired, and i didn't reenter it the next day... but thats the type of trades i am looking for. Another is SONS, I should've caught that one, that was a Weekend setup as well.


As far as determining prevailing trend... its hard. Where you saw a downtrend, i saw an uptrend. On the 1 year chart i can draw a uptrend line that hasn't been broken, so that was my argument for an uptrend. What you saw as a downtrend was actually what i saw as a pullback.

All depends at what level you are looking at things.

Thanks for stopping by.
More...


I see it now.. right different levels.. when I think of a pullback I think of one such as the one that ended near July 21st on XOMA.. much smaller than the ones you are looking at..


Thanks and good luck.
 
Holy gap!

HON gapped up and stopped me out right away.

Didn't get much of a chance to look at stocks this weekend. Nothing on deck for trades.
 
RGLD hit 2x risk at 20.07... sold 50% and the 1.40 trailing stop became active.

SNDV still running with 0.40 trailing stop.

WIND almost at 2x risk at 6.85.
 
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