tag:blogger.com,1999:blog-9459815.post115409751791090016..comments2023-07-03T06:33:52.478-04:00Comments on Trader-X...views from a distorted mind.: Friday's actionTrader-Xhttp://www.blogger.com/profile/15148372813905710453noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-9459815.post-1154176373363739422006-07-29T08:32:00.000-04:002006-07-29T08:32:00.000-04:00MGLN 15 minute anyone?Saw the RACK go but didn't s...MGLN 15 minute anyone?<BR/><BR/>Saw the RACK go but didn't short any.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-1154159947705708762006-07-29T03:59:00.000-04:002006-07-29T03:59:00.000-04:00My big long trade of the day was FORM. I picked it...My big long trade of the day was FORM. I picked it up on the third 15 min. breaking bar at 38.90. Also on previous days upward resistance was 40 to 40.28 so I figured that area was a shoe in. First target Fib was much higher at 41.80 with my Arch fib graphic extention at $42.37. Anyway, I scaled out of FORM at 41.80 and 42.37...the stock then stalled for the rest of the day and closed at 42.25.<BR/><BR/> On a side note I found it very interesting that all the major indexes QQQQ, SMH, SPY and IWM and DIA wer pretty much testing upward resistance but can not break through yet and the bond market has been screaming for the last four days that the FED is done raising interest rates. I however remain cautious and will let the market tell me where it really wants to go...I never fight the tape.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-1154118984757104482006-07-28T16:36:00.000-04:002006-07-28T16:36:00.000-04:00Babak, I don't look at exact % personally, just th...Babak, I don't look at exact % personally, just the chart and to me MSCC's 1st bar was pretty wide range. I didn't trade CLS either, but I think the first and second bar was a much more bullish setup than on MSCC.<BR/><BR/>Just what I see. Have a good weekend all.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-1154113580051903622006-07-28T15:06:00.000-04:002006-07-28T15:06:00.000-04:00BZH 15-min, break of 3rd bar high. Covered after ...BZH 15-min, break of 3rd bar high. Covered after a $1 gain.<BR/><BR/>Have a great weekend everyone!<BR/><BR/>estocasticaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-1154107871466311612006-07-28T13:31:00.000-04:002006-07-28T13:31:00.000-04:00Charles: hmmm, too wide range a bar you say? MSCC ...Charles: hmmm, too wide range a bar you say? MSCC had a 4% advance in the first bar. <BR/><BR/>Do we have a % threshold (appx) which is 'too wide range'?<BR/><BR/>What about CLS which had a +6.5% first candle and continued to go up?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-1154104049375276292006-07-28T12:27:00.000-04:002006-07-28T12:27:00.000-04:00RACK...break of 3rd bar low 15 min chart. Cover af...RACK...break of 3rd bar low 15 min chart. Cover after 1 point gain.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-1154103130500044182006-07-28T12:12:00.000-04:002006-07-28T12:12:00.000-04:00Babak, I had MSCC on my list but passed because th...Babak, I had MSCC on my list but passed because the first bar was so wide range. I figured it probably "shot its load" with that initial move.<BR/><BR/>Just my .02.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-1154102071975946222006-07-28T11:54:00.000-04:002006-07-28T11:54:00.000-04:00MSCC - 15 min chartlong on break of the 3rd candle...MSCC - 15 min chart<BR/>long on break of the 3rd candle's high<BR/>stopped out on low of 3rd candle<BR/><BR/>anything I miss that made this setup fail?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-1154102356112711872006-07-28T11:59:00.000-04:002006-07-28T11:59:00.000-04:00IDXX, as long as you sold at the patented Trader-X...IDXX, as long as you sold at the patented Trader-X halfway point.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-1154100553432050072006-07-28T11:29:00.000-04:002006-07-28T11:29:00.000-04:00VSEA sweet, but on a 5-minute chart.VSEA sweet, but on a 5-minute chart.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-1154099172274746002006-07-28T11:06:00.000-04:002006-07-28T11:06:00.000-04:00It really pays to have a target. In the past I wou...It really pays to have a target. In the past I would have given back all the money and would be sitting on a loss now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-1154098247520693672006-07-28T10:50:00.000-04:002006-07-28T10:50:00.000-04:00Damn, LNCR was screaming after you covered. It wou...Damn, LNCR was screaming after you covered. It would have been a good long on a break of that 4th bar high, no?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-1154098022435198702006-07-28T10:47:00.000-04:002006-07-28T10:47:00.000-04:00posted by Tom C:I covered at the 1/2-way point bec...posted by Tom C:<BR/><BR/>I covered at the 1/2-way point because of the long lower tail on the 4th bar. It seemed bullish and setting up for a reversal...and, in this case I was correct (not always that way!).Trader-Xhttps://www.blogger.com/profile/15148372813905710453noreply@blogger.comtag:blogger.com,1999:blog-9459815.post-1154097824604027452006-07-28T10:43:00.000-04:002006-07-28T10:43:00.000-04:00Hey Tom C, good trade. What made you decide to cov...Hey Tom C, good trade. What made you decide to cover at the 1/2-way point?Anonymousnoreply@blogger.com