Trading breakouts [By The Book]

[konviction]

Price at MAJOR pivots for:

CAT, MWW, CVS FSLR

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ebay will probably be a loser. Weekly's putting in a pinbar and we still have two more days of trading. Monthly still looks bullish.

 

[konviction]

Also picked up some UTIW yesterday

http://content.screencast.com/users...61bcba1-7cc9-4542-a047-9b39a5d49c1f/utiw1.png

 

[konviction]

bought scss at 29.82 off the weekly. stop at 25 / target 164 to 208.48

r/r of 1:23 to 1:37

I know that target seems crazy, but these are just projections. I use measured moves to forecast targets.

 

[konviction]

Yes folks, trading can be as simple as you make it.

 

[konviction]

bought some FSLR on the selloff at 30.62 / 28.50 stop / 38 target / 3.4 rr

http://content.screencast.com/users...8e-4ceb-9d08-64e99809abcb/2012-03-01_1031.png

 

[konviction]

Short MHS. Noticed pin bars forming on both daily and weekly chart near the swing highs. I took this as price weakness.

Looking to see price fill the gap and maybe far even more.



http://content.screencast.com/users...27-469f-b180-c6cdc6808ec9/2012-03-01_1343.png

 

[konviction]

pnl day: $356.00

pnl open: $67.00

 

[konviction]

going to try some day trades. will post in real time.

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1200 F @ 12.86

 

[konviction]

sold 1200 f @ 12.89

+ 19.00

didnt get much sleep. taking nap.

 

[the1]

Flipped thru some of your charts and I wouldn't play any that I've seen, which doesn't mean your method won't work. Just that I wouldn't play them. I've been tradinig b/o's for a while and what I look for is a clean chart, unfilled gaps (will post an example of that next), and symmetry. ESRX had two of those criteria for a nice play.