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I bought a very small

DEXO still a nice pattern

Posted by frtaylor on 22nd of Dec 2011 at 04:01 pm

I bought a very small amount in my IRA.

still hooked and watching screens.  25/170/25 gave a good early signal on the 5 min SPX, price fell and the 80% sto level was lost.  I'm in! Tongue out

VR having a pullback, maybe

Posted by frtaylor on 22nd of Dec 2011 at 09:35 am

VR having a pullback, maybe a good entry.

I have yet to ever

CIE monster

Posted by frtaylor on 22nd of Dec 2011 at 07:23 am

I have yet to ever catch one of these!  great ride for whomever was in.

GDX - 60 min buy signal

Posted by frtaylor on 21st of Dec 2011 at 03:42 pm

GDX:GLD ratio on the 60 min chart starting to edge over the trendline.  Matt, this close to the close would you buy at the close if it remains over the line?

VR - just broke above

Trade Ideas update

Posted by frtaylor on 21st of Dec 2011 at 03:32 pm

VR - just broke above cup rim. Picked up some, fingers crossed.

Closed IMAX for a loss.

Posted by frtaylor on 21st of Dec 2011 at 11:25 am

Closed IMAX for a loss.  Something that helped me on my stop was this from tradershuddle.com:

IMAX's current stock range is defined by current calculated support defined at $18.94 and by the resistance level at $21.84, which should be used by traders planning their trades.

HANS pulling back

Posted by frtaylor on 19th of Dec 2011 at 10:47 am

just a backtest?  volume lacking on the initial breakout.

AL - still a long idea or a short now?

Posted by frtaylor on 18th of Dec 2011 at 05:49 pm

Matt, what do you think about the AL chart?  I stopped out when it went back into the wedge.  To this novice it now looks like a good short since it broke the lower support line then had a bounce up to but not exceeding the upper breakout line.  If it builds a lower high it could morph into a h&s.  Or is it just too messy now w/ all that up/down action to divine a trade from?

Cool book, first time I've had a chance to look at it.  Thanks for posting it earlier this month.

GDX has had the requisite number of touches on each border (at least 2; it's got 3).  The volume pattern has some peaks but overall looks slightly downtrending, suggesting a downside break.  Bulkowski warns, though, that volume only correlates to breakout direction a bit more than 50% of  the time, so it's only suggestive.

One thing to note is it's a 15 min chart, so the move will not be anything like the daily charts Bulkowski shows as examples.

Naturally, it broke the neckline outside of regular trading hours, and now has gone back above it once trading started.  Could we get anything more ambiguous?

Why is SPY about flat

Posted by frtaylor on 16th of Dec 2011 at 09:27 am

Why is SPY about flat and SSO up over a percent here pre-market?

bought yesterday.  

Other Trade Ideas updates

Posted by frtaylor on 9th of Dec 2011 at 02:43 pm

bought yesterday.   Cool

lost the S2, volume somewhat

GDX

Posted by frtaylor on 8th of Dec 2011 at 10:02 am

lost the S2, volume somewhat high, I don't think we've reached a bottom for the day.

measures to 58.70, we'll see....

GDX - inv h&s?

Posted by frtaylor on 6th of Dec 2011 at 12:03 pm

measures to 58.70, we'll see....

Off and running.

GDX - inv h&s?

Posted by frtaylor on 6th of Dec 2011 at 12:02 pm

Off and running.

backtest!

GDX - inv h&s?

Posted by frtaylor on 6th of Dec 2011 at 11:59 am

backtest!

almost there....

GDX - inv h&s?

Posted by frtaylor on 6th of Dec 2011 at 11:45 am

almost there....

GDX - inv h&s?

Posted by frtaylor on 6th of Dec 2011 at 11:26 am

looks like we have an inverse head and shoulders shaping up on the 5 min GDX chart.  Break point is 57.95.

That's correct, statistical confidence only begins w/ about 20 data points.  Ideally 30.

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