Tuesday, September 11, 2007

091107 - VMW - 15mins - Loss*Paper



  • Those 2 consecutive Hammers above caught my attention on VMW this morning
  • Since the 2nd Hammer didn't closet above the 5eMA, I did not place an entry
  • The next bar... did close above the 5eMA, but I neglected to pick up a doji star shining right at me... and I entered Long


  • As you can see from this chart above, the entry bar looked good
  • But my Stop was triggered during the next bar
  • The chart below is a full-day view of VMW


  • This chart belowi s a daily view of VMW
  • I wonder if the Shooting Star is signaling a top-reversal





091107 - RIO - 15mins - Loss*Paper

  • My second trade of the day is RIO
  • I entered Long, right after the prices exceeded the top of the 11am Hammer
  • The Upper Shadow of the next bar made me uncomfortable
  • It followed by another, this time, down-bar, with an Upper Shadow
  • When this down-bar closed below the 5eMA, I thought there were enough 'negative' signals, and decided to exit the trade even though it didn't reach my Protective Stop yet
  • As soon as I exited, it continued to head North
  • Prior to my entry, my initial target was merely the Opening High
  • The red line you see below is my Secondary Target. It is drew based on the Daily Chart (next chart below.)
  • And the prices did went beyound my Secondary Target and managed to closed above it.
  • I think the Red Line will act as a Support for tomorrow
  • Something to look into for tomorrow
  • But for now, what a big ouch! I have totally missed a big chunk of profit!
  • I hope I made the correct decision with my early exit... what do you think?







091107 - MCD - Observation

  • My final post of the day is an observation that I did on MCD
  • The chart above showed my 'would-have' entry point
  • There it was an Hammer formed right underneath the Opening High
  • But I looked at the volume, and noticed that there weren't significant spike
  • I flipped over to the 15 minute chart (see bottom chart), and noticed that the 5eMA was way too far away
  • Although I told myself that this looks really good as a Base and Break setup... I decided against a Long entry

  • It turned out to be another good run as you can see from the chart above. Ouch!
  • The chart below is the 15 minute chart that I mentioned
  • Noticed how far away is that 5eMA?
  • What do you think? Would you have entered? If so, why? Or why not?


Friday, September 7, 2007

090707 - BBY - 5mins - Loss*Paper

Symbol: BBY
Type: Short
Result: Lost -1R

  • Well, I held myself back from an entry after the 1st Inverted Hammer because the 5eMA was too far away
  • The second one came, and I still managed to control myself (by not looking at the chart, by the way!)
  • The third one appeared... well, it was a up Hammer
  • When the 4th Inverted Hammer was 'forming', I thought the 5eMA was close enough and I pull the triggered when it broke the low of the prior Hammer
  • The next bar is what I called the "What the hell?" bar
  • Followed by the 'F-word' bar, which is usually my exit bar
  • Have a wonderful weekend!







090707 - CMCSA - 10mins - Loss*Paper


Symbol: CMCSA
Type: Short
Result: Lost -1R

  • CMCSA was my second trade of the day
  • As I saw the prices cleared the Opening Low, I thought it presented an opportunity for entry
  • I entered Short, and soon realized that the move just wasn't going to happen
  • I exited the trade before a full 1R lost



090707 - DELL - Observation




  • Above is DELL that I observed today
  • I spotted the Inverted Hammer first on the 5min chart
  • I was too sure if it was an entry signal because when I flipped over to the 10mins and 15mins, the signals (if there were any), were not that convincing. (I always tried to get entry confirmation from 2 other timeframes charts.)
  • As I watched DELL continued its downward movement, I thought about an entry when prices broke the Opening Low.
  • Again, I chose not to enter mainly because the 5eMA seemed a bit too far away
  • It was history from that point on
  • It just kept falling


Thursday, September 6, 2007

No entries today!



I tried to trade today and yesterday, but I just couldn't spot any entry. It mostly had to do with my effort of being selective with my entries... and it's working!! There were quite a few trades that I thought about entering, but didn't, and it turned out that they were all losing trades. I have yet to spot any winning trade that I've missed... except for the one that I posted 2 days ago. I just have to remind myself that no-entries is not necessary a bad thing! If I don't trade, I can't lose $$. I will earn less, but never losing!

I hope my 3 readers did well! Best wishes to you!


Tuesday, September 4, 2007

090407 - HOKU - Observation


  • I made 1 trade today, but the entry was so poor that I am embarrassed to post it on my blog
  • Basically, the 5eMA was a mile away when I entered... although I didn't get stopped out, I exited the trade shortly after when the prices were just flat with no volume
  • The chart above is HOKU
  • I thought about entering Long when the prices went above the OR high
  • But I was worried that HOKU might be running out of steam because of the lack-of volume
  • I decided against an entry and this is how it turned out
  • I'm sure that there are many traders out there who made some really nice moves today. AAPL and YHOO both rallied nicely
  • I look forward to checking their blogs!
  • Have a wonderful day and a successful September!

200708 - Month-end Review

26 Trades Total. 9 Win, 17 Losses

  • I had a slight improvement this month, managing almost 35% winning rate
  • I continued to be selective with my entries, but it appears that my selections/decisions still lacked quality
  • I had three earned more than 3Rs, and these were the trades that kept me afloat throughout the month
  • Meanwhile, I managed a few times this month to exit my losing trades to avoid a full 1R lost. In fact I only had 1 trade in this past month that is a full 1R lost
  • My performance is still unacceptable! There's still room for improvement!