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Tuesday, June 27, 2006

Tuesday's action

posted by Tom C:

Crazy morning - X asked my to put up a post so you guys can comment if you want.

More later.

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14 comments:

Anonymous said...

MMS. 3rd candlestick (15min.) This stock did now show up in my radar till later... Anyone take this trade? If so, well done!

Anonymous said...

Hi All,

Am long TTWO and short MRVL. Shorted BMET but got stopped out early.

Odd sort of day really.

GM looking interesting for a turnaround later on.

Clive J

Trader-X said...

Yes sung - a textbook example of a set-up below the Fib extension.

What are you using to build your watchlist?

QQQBall said...

nice trade sung and clive j.

congrats. im sitting out pre-FED this week.

Anonymous said...

I'm using iqchart & ib for scanning. Looking for stocks gapping up or down 5% with volume greater than 200%. I did short MRVL today below 3rd candlestick (30min.)

Trader-X said...

Sung, add inet. Just click the "PercentChange" heading to toggle between gap downs and gap ups. Look at it about 10 minutes before the open.

Click here:
inet

Anonymous said...

Hi X,

Nice trade on MMS. Missed that one! How do you calculate your target beyond a fib extension entry?

Re gappers, do you filter out any of the inet gappers, or just put them all on yr watchlist?

Thanks,

Clive J

Anonymous said...

Sweet-as. Will do trader-X.

Trader-X said...

re: targets for beyond Fibonacci extension - I will discuss in a post later today.

re: inet - I usually add all that are above 3% to my watchlist (do it 5-10 minutes before the market opens to get the stragglers)

Anonymous said...

Great trades and conversation. I love this blog. FYI Trader-X, got The TAD Principle yesterday. Very enlightening (sp?)

Anonymous said...

Thanks X,

Interesting that TTWO has been going up all day, defying the general weakness elsewhere. Just shows what you say about trading the set-up and ignoring everything else.

ATB Clive J

John Wheatcroft said...

I was long MRVL yesterday and didn't like the way it felt and sold it - talk about blind freakin' luck.

Long TTWO today and am trying out the new inverse ETF PSQ (inverse Q's).

GM might be a good long later in the week after the fed head speaks.

Trader-X said...

TTWO was a good trade that I missed. Watch it close as it may not hit the retracement zone. Protect your profits!

Anonymous said...

I just closed TTWO on a break of the 2:30 bar low. Today was a good day for me. It has been a good week thus far.