Trading Journal - May

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Saw that this was good for a 1/2, now up close to a dollar.

I have no idea why this trade was made, or what it's profit target would be. Momentum changed so much duing the trade, it is hard (for me) to figure out when to get out.

nitro
 
Ok,

Here is my analisys. QLGC was down a bunch already. It has just made a second bottom with a higher low. The NAZ just gapped up and is looking like it is going higher.

QLGC easy entry, with a stop loss just below second bottom of day at 49.78.

When QLGC held the wiggle down with the NAZ, looked like buyers here. It then promptly broke out at about 9:25, and then it was just riding it with the NAZ. NAZ paused at about 9:29, mo may be stopping...

All times CST.

nitro
 
It's new intraday support is 50.25 area, but you can't use 1 minute charts on this stock. Too much noise and whipsaw. If this stock gaps down quick against futures and I'm able to catch it, then I'll go long.
 
Yes I could see yesterday's trade in QLGC better than today's.

What attracted you to the two trades (yesterday's and today's) - especially today's since that's the one I'm having a harder time seeing?

Thanks,

- David I
 
I had a few long singals from MACD and Stohs, but more importantly I watched GSCO, MSCO and FBCO and they all 3 seemed to be working together. They started soaking up the bid for a couple 100K shares and didn't place an offer more than 100 shares until the stock ran up .80. Then all 3 began dumping to the offer which is when I closed.
 
I had a few long singals from MACD and Stohs,
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What time frame for the charts?

...but more importantly I watched GSCO, MSCO and FBCO and they all 3 seemed to be working together. They started soaking up the bid for a couple 100K shares and didn't place an offer more than 100 shares until the stock ran up .80. Then all 3 began dumping to the offer which is when I closed.
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Aha! My brain goes jelly when I watch L2 for too long....

nitro
 
What time frame for the charts?


I have a 5 min 1 day, 3 min 1 day,and 1 min 1 day
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I see the divergence on the 5 min chart on stoch well below the oversold 20 line, but the only thing I see on the same chart (5 min) on MACD is the diff line accelerating up.

Interestingly, your exit coincides with the the stoch just befire the crossing of the 20 line and the MACD slow crossing the MACD fast on the 5 min charts...or to say the same thing, the diff crossing the zero line.

nitro
 
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