Swing Trade - Positioned - TDS

Here’s a trade on TDS that I took position last week.  Things are looking good and I have just adjusted my Stop to $28.15 (Break-even).  It’s no longer at $29.35 anymore!

Daytrade – Result – Win – INTU

My second trade of the day.  What I saw…

• 2 consecutive inside bars and NR7 combination
• A downward pressing 5ema
• No Entry Bar
• It’s obvious that I was trying to force a trade here
• My Entry was under the white line below the low of the 2 combo bars
• My Target was the Opening Low
• My Short was triggered by the 8th bar
• I thought I was Stopped Out when prices retraced back above my Stop, but it didn’t happen (see white circle on chart)
• The long upper shadow on the 9th bar was caused by bad data
• Another entry point could be the break of the 11th bar bottom
• My Target was reached during the 12:30 bar

Daytrade – Result – Loss - STX

 

 

It’s been a long while since I last day-traded, and I’m thrilled to be participating this morning.  My first trade was STX.  What I saw was…

• 2 consecutive combo’s of Inside Bar + NR7
• Although the 2 inside bars did not signal an entry for me, I decided to gamble and hope that prices will reach its Opening Low, for a small gain
• Set Entry just below the Low of the 2 Inside Bars (see white line)
• Stop was above the Red Bar
• My Entry was triggered by the following bar (see 2nd chart)
• Unfortunately, I was stopped out 15 minutes or so later during the next bar

Long Term Trade - FXE

• Here’s another Long Term trade that I took position from last week
• Please note that if my Target of $124 is reached, I intend to stay in position and evaluate the situation
• Looking at this chart over the weekend, I noticed that the Target does not yield a full 2R return
• The 2R minimum return is the new standard of all my entries from now on

Swing Trade – Positioned – TDS

• Here’s a Short position that I’ve taken a few days ago that was able to weather the rally-storm today
• Let’s hope that I can hit my Target on this one so that I can recover some of my losses from today

Swing Trade – Result – Loss – HCP

 

• HCP looked a bit promising for about 2 days. 
• When I saw that red Doji yesterday, I was already a bit concern
• I didn’t expect it to rally so strong!

Swing Trade – Result – Loss – AIV

• I was hoping for a quick Swing Trade of AIV
• I entered Short when prices fell below $6.11
• Looking back at my setup now, I think I was a bit optimistic.  $5.00 mark should be my Target instead of the mid-$4 range. 
• It never got there anyway

More Reference on Shorting GLD

Kevin posted his analysis on why he is bearish on GLD and his post can be found here.  Meanwhile, my setup for trading/shorting GLD is posted here from earlier today.

Weekend Links – Non-Trading Related

On-line education anyone?

When in doubt, pick ‘C’!

100% Home Grown Ignorant.

Did the US participate in Earth Hour?

Twitoria – How many Twitter Friends are you really following?

How to add Windows Live Messenger to your website

BMW’s April Fool’s Jokes Collection

The drying reservoir (via Maoxian)

Long Term Trade – Setup - GLD

• GLD is looking to test the 40EMA Support Level
• Instead of using the 40EMA as Entry, I picked a round-number of $84.00 instead.
• Protective Stop is another round-number of $88.00
• Target is $72.00 and below.

Long Term Trade – Setup - EFA

• Trying to catch a reversal on this setup
• The trigger point is above the white line
• Target is where the blue rectangle is with the bottom of the rectangle sitting at 2R
• The Protective Stop is just under $31.55

Let’s see if this setup will get triggered!

Long Term Trade - XHB

I entered long on XHB on Monday.  My Stop was set to just above the high point of last week.  Let’s see if this trade will work out.