Series of NR7 at whole round number - SPY

SPY formed a series of NR7 at $110 level. Shorted on the break of the NRB consolidation. Partial at ORH where it formed a doji and remaining near the 5 day (orange) EMA.

MOS had a nice entry on the break of 'h' shaped pattern.

AGMN

Entered long based on 15 min. Market was weak and AMGN formed a hanging man like candle, tried to move up but took out the low of the HM. Exited full position there.

Entered short on tailed inside red on red bar. Took partial when it formed an inside NR7. Exited full position when it formed 2 inside bars.


Was expecting some weakness in SPY today. Little sell-off right after the open, found support on 50 EMA. Rallied on nice volume but then formed a lower high. I entered a bit late in the trade. My exit was horrible even though as I said, I was expecting some weakness. First exit near PDL where it formed a base. 2nd exit was also near the same level.

Had a losing trade in AIG.

QGEN, NYX

NR5. Looked like a bullish flag initially but failed. Entered on the break. Easy ride to 20 EMA.


Entered on the break of 2nd candle which was a tailed inside red on red bar. Watch carefully for 50 EMA support. Added again. Exited at $27.

Bull Flag - SPY; Gap Fill - CTRP

SPY gapped up on good earnings and guidance from INTC yesterday after the close. It formed a bull flag reaching the upward 5 EMA. Took partial at morning high and sold remaining near the close.


Gapped up forming a spinning top followed by a NRIB. Entered short on the 3rd bar. I did not wait for it to close below 5 EMA. After the entry it consolidated sideways and went down slowly to fill the gap.

Had 2 losers today - FCX and one other from the scan.

ROST

Entered on the break of 2nd bar low. 3rd bar found ORL as resistance. Took partial at S1, moved remaining to BE. Covered the balance near $45.


Simple trade. 2nd bar is an inside bar. Entered long on the break of 2nd bar high, sold at R2.


This one was a loser. Entered on the break of 2nd bar low. When price moved back into OR, sold for a loss. It then moved to my target. It provided a very nice entry on the 7th and 8th candle which I did not take.

CLF - NR7, Inside Bar on Daily

Yesterday CLF formed a NR7, inside bar within the tail of the previous bar on the daily chart. It was green on green and on very low volume. This have a high probability of an expansion move coming soon. CLF was on my focus list today. It gapped up above R2 today, moved sideways to reach the rising 5 EMA. 3rd bar closed very strong. Entered on the 3rd bar. It consolidated midway where I could have added to my position. Sold at $35.60.



This was yesterday's trade. Found resistance from all the EMA's. In this setup, stocks move up against the EMA's. Candles become narrower forming a bear flag. Best entry is on the break of the trendline.

WLT

Did not take advantage of such a nice trading day. Had 2 1/2 losers. ABX - entered on retest of ORH. It gave 1R+ and then came back against me. This was my fault for letting this one turn into a loser. FCX and BTU were losers. I was long both when the market reversed. Only savior was WLT.


Entered short on the break of 2nd bar low. SPY was strong today along with most of the stocks on my watchlist. 4th, 5th candles looked strong and I was sure that my SL will be taken out. Moved my SL above 3rd bar high. Took partial at 20 EMA & R1 where it found some support and bounced back on very low volume. Added back to my position and exited at daily pivot.


Gapped up, strong first bar followed by a slight retracement to the 5 EMA. Entered on the break of inside bar. Partialed near morning swing high, sold remaining at the end of the day around that level.