RL – Stopped Out

• 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

• 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

• 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

• 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

MMM – Swing – A Chase

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

• 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

• 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

• 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

WYNN – Weekly – Monitoring for Potential Pull-back Entry

• 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

XES - Cup and Handle Pattern Setup

• Entry at 28.25
• Stop at 25.95
• Target at April’s high of 33.46
• ETA 1 month!

EWU – Swing - Setup

• Head and Shoulder setup on the weekly
• Spike in volume 2 weeks ago
• Volume dies down as prices consolidate

• White line is the Entry
• Red line is the Stop

OSK - Triggered

I called out OSK setup on Monday via this post.

Yesterday, OSK was triggered.

Let’s see where OSK will take us.

NTY – Swing Trade – Setup

• I see a Cup & Handle setup on NTY
• My Entry is just above the white line
• My Stop is where the red line is, which in my opinion, is the Pivot Point of NTY in the past few months.  Instead of using the low of 3/31 ($48.00) as my Stop, I’m going to be a bit aggressive here and set my Stop at just under $49 instead.

• My Target is $55, which is the High that was set back in early 2007.

APA – Long Term Trade – Setup

• A Fib between the Low in Feb' 09’  and the High in June 08’ shows the current prices channeling between the 61% and 50% region

• My Entry will be just above $108
• My Stop will be set conservatively at the early Feb. Low of just under $95
• My Primary Target is around the $120 area, while my Secondary Target is at around $140.

OSK – Long Term Trade - Setup

• The above chart is the Monthly Candle Stick of OSK
• I drew a Fib. using the All-Time High from mid-2007, and the Low from late-2008
• Prices are consolidating between the 50% and 61% Fib Level

• This one above is a Daily Candle Stick of OSK
• Multi-tops were formed from Dec., Mar., and April.
• For now, my Entry is 2 cents above the $42 (even number)
• My Stop is set conservatively at the Low of late February
• My Target is the All-Time High of $63
• I expect this trade would last about 12 months.

PPR – Setup

 

What do I see:

• Prices closing in on All-time High (June, 2007) (see first chart)
• A Hammer formed right above the 5 EMA on Thursday's Close (see second chart)
• Wednesday's bar was an Inside NR7
• Entry is above $6.11
• Stop is under $6.17
• Target is 7.84, which is 138% Fib
• I have extra room on top and bottom because I don't want to be too aggressive with this trade

CATM - Setup

 

 

What do I see:

• A significant increase in Volume from the first chart, from last week.
• Prices reaching 52 weeks high
• Support from both 5 and 34 EMAs
• Entry will be above $13.50
• Stop just under $11.74
• Target at 138.2 Fib