Thursday, February 24, 2011

UMPQ – Short – Swing

UMPQ - 2011-02-24 190025 - 1m14d - 1d

  • I shorted UMPQ on Tuesday during the opening hour
  • My Stop was conservatively set to the High of Friday
  • My Target of $11.00 (round dollar) was reach today, and I exited my entire position

Wednesday, February 23, 2011

IWM – Stopped Out

IWM - 2011-02-23 183643 - 1m11d - 1d

  • The Stop was pushed up.  See bottom red line for original Stop

XLB – Stopped Out

XLB - 2011-02-23 183337 - 1m11d - 1d

  • Was that not a total Bearish Engulfing bar painted on the 3rd bar from the right?
  • I’ll soon find out if my adjusted Stop saved me some money

MDY – Stopped Out

MDY - 2011-02-23 182727 - 1m11d - 1d

  • I entered Long on MDY back in early February
  • I set out not to turn this winning trade into a losing trade
  • However, I was just too greedy
  • The Hammer Bearish Reversal on Friday should have set off a sell signal
  • Looking back now, I should have set my Stop more aggressively at high $175.xx
  • But hindsight is always perfect, isn’t it?

Tuesday, February 22, 2011

MOO – Stopped Out

MOO - 2011-02-23 182254 - 1m11d - 1d

  • MOO was a purchase made back in January
  • As you can see, my ‘adjusted’ Stop was triggered, and
  • It appears that my original Stop was set nicely at the Support Level of round number $53.00

RL – Stopped Out

RL - 2011-02-23 181754 - 1m11d - 1d

  • While I tried to be romantic by buying some Ralph Laurens on Valentine’s Day… in turns out that just like almost everything that you buy on Valentine’s Day… they are COSTLY!
  • The red line was my Stop

YSI – Stopped Out

YSI - 2011-02-23 180952 - 1m11d - 1d

  • I made an Entry on Friday to go Long on YSI
  • Thursdays Inside Hammer was what drew my attention
  • My original Stop was at $9.80-ish
  • My Entry wasn’t rock solid, so I moved my Stop up to $9.9x, and it was trigger

MMM – Stopped-out

I’ve been moving up my Stops to…

  1. Limit my losses
  2. Increase my position in cash

… until things stabilize.  Below are a few positions that hit my Stop in the past 2 trading sessions.

Tuesday’s

MMM

MMM - 2011-02-23 175808 - 1m11d - 1d

  • I’ve lost the entire 1R when I tried to chase an entry on MMM
  • It turns out that my Stop at $92.00 was a well placed security
  • I expect prices to $89.50 before getting Support

MMM - 2011-02-23 180406 - Last 2 Days - 15m

  • In hindsight, it was a great opportunity for a day-trade with an entry-point located at the break of the Bear Flag, or Opening Low
  • There are still some decent profits if you place your Stop at the High of the 2nd bar

Monday, February 21, 2011

MMM – Swing – A Chase

MMM - 2011-02-20 214115 - 2y2m6d - 1w

  • Pulling the Fibonacci from March 09’ low to October 10’ high shows that the prices have just moved past the Resistance 2 weeks ago

MMM - 2011-02-20 214142 - 1m7d - 1d

  • I’m attempting a chase here…
  • My Entry will be the top of the Hammer, just above the round-number of $93
  • My Stop will just the underneath of round-number $92
  • My Target will be the 138% Fib of $110
  • If my Target is reach, this trade would yield some good profit 

IRM – Swing - Long

IRM - 2011-02-20 213520 - 1m11d - 1d

  • Inside Hammer with Support from 5ema
  • Stop is aggressively set at the bottom of the Hammer
  • Target is the mid-April high of $28

PPDI – Swing - Long

PPDI - 2011-02-20 212849 - 1m29d - 1d

  • A Reversal, followed by a Confirmation bar
  • My Entry is the white line
  • My Stop is the red line
  • My Target is the blue line

Sunday, February 20, 2011

WYNN – Weekly – Monitoring for Potential Pull-back Entry

WYNN - 2011-02-20 182825 - 5m7d - 1w

  • I expect $130 to be the round number pivot point. 
  • Prices should retrace back to the 5ema, and I’m guessing they will meet at around $124 level
  • I will be watching this for a Swing entry