Review of last night's trades. Again, my initial bias last night was correct. Taking SHORTS on minor failures are not wrong, but aggressive in nature. Have seen quite a few before where minor failures resulted in a decent move in the direction of the trade. Guess last night, it didn't quite worked out that way.
Today, I've posted a new banner/link for those who are interested in trading US stocks. It's Dan Zanger's ChartPattern paid service. He is one of the Top US Stock Traders and has featured in many interviews. There is also a Dan Zanger's ChartPattern Free Trial Period for you to assess his paid service.
Again, today being a holiday, I'm posting another Fun Link. How's your Parking skills?
09:25pm Just got back, only to find that I've lost my Internet connection...Have to restart my PC to get the connection back...Will take a while to fire up my charts. Staying sidelined until my charts are ready.
10:08pm Finally, my Trading chart is up...another few more minutes and my Trending chart will be up too.
10:22pm I'm back in business ! Looking at the chart, it looks like a SHORT trade is coming.
10:34pm SHORT 1380.00. STOP 1381.25. This SHORT has to clear 1379.00 if not I'll be in trouble.
10:39pm Out at BE. PRICE not clearing 1379.00.
10:44pm Hmmm, looks like I was "tricked" out of the trade.
10:49pm Maybe not. LOL
10:52pm A Prime PPF here, a Prime PPF there, a Prime MATCH - all on the Trading chart makes for consolidation & indecision. Trade from STRENGTH. Will wait for a clear Prime Breach, before taking the next course of action.
11:30pm LONG 1382.25. STOP 1380.75. This STOP may be a bit too tight. Will adjust it to 1380.50
12:00am This trade is taking too long for my liking...Will just move my STOP to 1381.25
12.06am Stopped out. -1.00pt Just don't like the PRICE movement, very uncertain, very unsure. Looks like it'll have to go ahead without me...It's really painful looking at the PRICE movements for the last 30-40 minutes - a one and a half point range! my, my...Not gonna stay up for this...Goodnight all !
Tuesday, October 24, 2006
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