Tuesday's Trades

Nice move in the morning followed by some weakness before price found support at the 20 EMA. Price consolidated in a narrow range. Went long there and sold the position near R2 and morning high.

SLV has been moving in a tight narrow range for the past 4 days. Today it broke out of this range, gapped above R2. Price then retraced a little to find support on the rising 5 EMA. I went long there but it was a losing trade. Price moved down to 20 EMA and formed a hammer. Went long again. Sold partial near morning high and the remaining near the close.

NOV, SU, GS

First bar green but with a big upper tail. 2nd bar is an inside bar which closes strong. Entry was below R2. Took partial near daily resistance of $70 and remaining near $70.50. Exited early.

Narrow range inside 2nd bar just below PDH. Put a buy order above R1. Partialled out at R2 where price consolidated and formed a bull flag. Sold remaining at 100% FE of the bull flag formed just below R2.

First trade of the day was GS short. Shorted and stopped out on the same (3rd bar).

ANR, FCX, GS - All shorts

2 NRB's just above the PDL. ANR had a new daily setup - WRB followed by NRB. Entered short on the break of PDL. Price broke down on nice volume. Took partial near $57.50 and covered remaining just above $57 (a little above 50% FE of the WRB on the daily.

2 strong red bars followed by some pause in the form of a small green bar. Entered short on the break of the third bar. Covered entire position at 50% FE, measured from today's top to the tip of 3rd bar low. FCX had a nice daily setup too.

GS gapped down below S2. Consolidated sideways and entered on the break of 5th bar low. Covered position when price moved above 5EMA. It was only to shake out weak traders like me. Price then consolidated and finally broke down later in the evening but this time without me.

Dec 27 Trades: Long V, Short FSLR

V has been consolidating below $69 for the last couple of days. Scaled in some long above PDH. Added to the position on the break of ORH. Price then consolidated sideways and broke out of the consolidation on high volume. Sold 3/4th above $71, which was 100% FE of OR and 50% FE of the consolidation. Sold the remaining when price failed to consolidate.

FSLR formed a NR7 on the daily. Went short below PDL. Took partial just above the whole number and covered the remaining when it appeared to reverse.

Ambush Trade - JEC

JEC was an ambush trade. First leg down was yesterday afternoon sell-off. Today, it retraced a little only to find the EMA's acting as resistance. Entered short on first sign of weakness. Took off 1/4th at 5 DMA. Half at 35% FE and the remaining 1/4th at S2. JEC was extended on the daily charts and was on my watchlist.

2nd bar is an inside bar closing strong. 5 EMA was near to the entry bar. Entered long on the break of 1st bar high. Target was 100% FE of the first bar but closed the position when it formed 2 bearish like candles.

I was looking for a short entry in X. Entered short when it formed strong opposing candles and took off the support. Did not work out and ended in a loss.

Completely missed BIDU. Just posting the chart.

Nov 2: TNA, GG, AAPL

TNA gapped up and retraced on low volume to the EMA's. It then formed an inside bar. Went long there. Took partial at R1. My next target was PDH but the candles were closing strong. So I decided to hold on but when price came back, I exited the balance a little below PDH.

AAPL gapped up forming a WR first bar. Price then retraced in NRB to 5 EMA. My entry was price formed a hammer. There was a better entry later - tailed, strong closing inside bar. Took partial at morning high and sold remaining when price formed a hanging man.

Consolidation near the EMA's. Went long inside the consolidation actually. Took partial near PDH. It then formed a long tailed red inverted hammer. But when price, instead of falling started to continue up, added back. I have noticed that after a long tailed hammer if price continues up at least half way the hammer, the odds of continuing upward is high. Exited entire position where indicated. Price tagged R2 later.

Oct 13: TNA, MON

TZA was the my first trade. Nice downsloping EMA's. Short under S1. The 3rd bar was a bullish green hammer with a nice lower tail and closing strong. I bailed out my position on the break of 3rd bar high at BE.

I re-entered the TZA short but now as TNA long. Took a partial near R2 and sold remaining where shown.

MON has been basing on the daily. Liked the EMA's - wide gap. 2nd bar was strong and closed abive PDH. Long above ORH. It then consolidated and finally reached R2 where I took off 3/4th of my position and the remaining when price took out the low of the candle closing below 5 EMA.

Long CECO

Hope everyone was able to catch the 3 pm sell-off today. Just listing my morning trade.

I hate when the market gaps down lower and then shows strength. CECO have some nice volume coming in (daily chart) the last week. On the 15 min. chart, CECO was inside the PDR. A WRB followed by a red IB. Not a very ideal setup. 5 EMA was close to the entry price. Entered long on the break of ORH. A little consolidation followed by a strong bar closing just above the PDH. Added to my position here as it looked like a bull flag. Price expanded with very nice volume. Sold 3/4th of my position at R2. Price again consolidated. Added a little more to my position. Wasn't expecting 100% target extension. Sold near $23 level.

CTSH Short

CTSH short was based on daily chart.

Feeble attempt to rally at the open but could not break the coiled EMAs. Shorted on the break of 4th IB low. Partialled on the way and completely covered at S2.

Sept. 21: SLW, AMZN short

2nd is an inside bar closing weak and just below PDL. Short on the break of ORL. Covered partial at S2 and the remaining near $24 mark.

AMZN has had a nice run the past few days. It just needs to rest a little before it move up further. Started to scale in on the spinning top and added to the position on the break of the trendline. Covered near the $150 mark which also happened to be the daily pivot.

GG, X

Had 2 trades in GG today. In the morning , shorted it on the break of 2nd bar low. Got stopped out for a loss. Shorted again as shown in the chart when GG tried to rally, found resistance from the sloping 20 EMA and on it's way down formed a NR7 inside bar. Covered at PDL.

X gapped down, 2nd bar breaking ORL. It then consolidated sideways and the 8th bar tried to move above 5 EMA but found resistance from ORL. It was off ORL, off the EMA and closed weak. Shorted on the break of 8th bar low. Covered half at near the whole number and the remaining at fib. extension.

CAAS, RINO, FCX, TNA

This has been on my temp. watchlist after Stewie posted on his blog sometime ago. The stock has been strong recently. Today, it was a little weak. The 2nd and the 3rd bar were inside bar within a WRB but within PDR. I was expecting price to break PDL but it retraced to meet the sloping 20 EMA. 10th bar was a NR7 and an inside bar. Entered short there.

FCX gapped down below PDL. 2, 3 & 4th bar retraced to meet the sloping 5 EMA and 5-day EMA which provided resistance. 4th, 5th, 6th bar were bearish and NRBs. I missed this entry. I noticed FCX on the 8th bar when it formed a very narrow NR7 right after a WRB. Shorted when price took out the low of the NR7.

1st candle forms a big lower tail. Next 7 candles are NRBs. 7th, 8th, 9th are inside bars and bearish. Entered short there.


TNA setup very similar to the FCX trade above. Price moves to 5 EMA, finds resistance, forms bearish candles.

GS, ACI

Entered short on the break of 5th bar low which was an inside NR5.


Gap up and immediate sell-off in the first bar followed by sideway consolidation in the lower part of the first bar. 6th bar is an inside NR5. Entered short on the break of the 6th bar low. Took partial at R1 and got stopped out at BE on the remaining.

Ambush Trade - RINO

RINO was weak compared to the strong market in the market. It sold off right after the open but I could not get a nice entry. It then set up an ambush trade. Entered short when price could not hold 50 EMA on 5 min. It was an easy ride to the 50 EMA on 15 min. which was also 50% FE from the morning high to morning low.


I entered SU on the break of 2nd inside bar high. First bar had a nice upper tail followed by a red inside doji within the first bar. 3rd bar initially took out the low of 2nd bar but then moved up. I entered long when price took out 2nd bar high with the upsloping 5 EMA as support. Price moved slower than the snail. Partialled near 37.50 and exited the remaining a few bars later near the same price.

Inverted Cup & Handle - AGU

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.

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.