Sunday, May 21, 2017

Three 30 Minute Trades: ATHN, FTNT and LL

30 minute bar trades. 1 winner and 2 losers - 2nd loser is an example of forcing a trade.

Athn: Nice inside bar on bar #8. No resistance above. High % trade
 


FTNT:  Entered Bar 8 and as you can see the next bar took off with the 10sma support, looked like a nice winner and then the bottom dropped out with the red bar and the buyers drying up. Would still take again as long as the market as a whole is strong.

LL: Just not a good trade. Prior bars all had tails showing sellers were in control at those levels. I entered bar 8 and at minimum should have waited for the resistance at bar 8 to clear. Low % trade sloppy trade.
 




* You don't have to trade everyday. If the conditions don't feel right or if you're unsure of the current days trading environment then PASS on the trade. Missed money is better than lost money.  Day trading and the stock market is not a "war" that you must win at all cost. Trading should be fun, wait for only the good setups. Follow your rules, stick to your stops, and know that everyday the market presents a new chess board.

Sunday, May 14, 2017

15 Minute Charts - CC and LNG

Here are 2 charts with 15 minute candles using the same premise as the 30 minute candles. They are more difficult to trade and you will spend more time in front of the screen but lots of opportunities each week. Make sure that Daily chart agrees with direction and that the SPY is also moving in your favor.
 
CC: Break out on daily (daily must agree) and hammer on candle 7off 10sma(blue line). Its also a narrow range bar (nr6) I prefer nr7 but with setups off a moving average I will look to make the trade.
 
LNG: Nice breakout on the daily chart as bar 4 was a NR7. Nice pop.
 

 




* You don't have to trade everyday. If the conditions don't feel right or if you're unsure of the current days trading environment then PASS on the trade. Missed money is better than lost money.  Day trading and the stock market is not a "war" that you must win at all cost. Trading should be fun, wait for only the good setups. Follow your rules, stick to your stops, and know that everyday the market presents a new chess board.

Thursday, May 11, 2017

30 Minute Trades: TTWO and YY - and MoneyBall movie Clip

Here are two 30 Minute Trades:

First is from today, Wednesday TTWO: Nice Breakout on the Daily Chart and Narrow range bar on candle 7 and pop goes the weasel for a 2R winner.

Second is from Tuesday and was a losing trade and a bad trade on my behalf. YY was a little extended on the Daily Chart, breaking away and being 3rd day of continuation but still trade-able. The mistake was not following my rule. On Bar 8 I entered BEFORE the high of the candle was taken out. The high was 55 so entry should of been 55.01 or higher. I jumped in at 55 - because I felt it was going to break - was wrong and slammed for a 1R loss. Nothing stings more then a loss the comes from breaking your rules. Didn't get the trigger. Good wake up call when getting cocky and jumping in early. 

Scene from movie of the week Money Ball

Great Scene – Hatteberg, who was a long shot to make the team, caps off the record breaking 20th win in a row after trailing 11-0. It’s like when you’re in that trading zone and everything is falling in place with your discipline, trading plan, entries, and exits. All that hard work comes together.









* You don't have to trade everyday. If the conditions don't feel right or if you're unsure of the current days trading environment then PASS on the trade. Missed money is better than lost money.  Day trading and the stock market is not a "war" that you must win at all cost. Trading should be fun, wait for only the good setups. Follow your rules, stick to your stops, and know that everyday the market presents a new chess board.

Monday, May 8, 2017

Daily Bars: LITE, PRTK AAOI and the Movie MoneyBall

Daily Bars For Monday or later this week for Continuation. All 3 had nice breakout moves. See below

Movie of the Week: Moneyball. Based on a true story and a personal favorite. Next Week movie..so many to pick from...Rounders or Without Limits
True story about a baseball general manager with a small budget who used an unorthodox system to mold his team into a winner. I can tell you from experience no business with an entrenched model likes change. In my other field I have twice brought in a business philosophy, taught to me and redefined, into a struggling outdated business model and received the heavy push back similar to this movie.  Employees feel threaten, you occur heavy backlash, you piss people off, and like in the trailer your drive home saying what hell am I doing as your stress level goes up .... but if you can ride out the wrath - and the bottom line increases - you only need look at the naysayers and whisper to yourself when you see them - who is your daddy now - when they are trying to figure out how the hell your payroll is down, revenue is up and you have no employee turnover. I actually did a presentation and labeled it Moneyball to a room full of critics. That was a fun day!
Like in stocks and business you look for value. Talent that no one recognizes. Within Day trading the same premise. Looking for a pullback on a strong stock that is showing less volatility, the narrow range candlestick, and then ride the pop.
Will Put up a few scenes this week from the movie from the movie and charts.







* You don't have to trade everyday. If the conditions don't feel right or if you're unsure of the current days trading environment then PASS on the trade. Missed money is better than lost money.  Day trading and the stock market is not a "war" that you must win at all cost. Trading should be fun, wait for only the good setups. Follow your rules, stick to your stops, and know that everyday the market presents a new chess board.

Thursday, May 4, 2017

Daily Bars for Friday and movie of week

Here are some daily bars and day trade ideas to watch for tomorrow: xpo, prtk, osur, gpn, cci, byd

Another great scene from the movie of the week, Lord of the Rings, The Two Towers. Great scene Titled One Last Time.

Aragorn is superb in this series as here he decides to take a stand, risk crashing through the door, at the time and place Gandof and his Light said he will be, and finally finish off the orcs as one.

Also long Aapl and short my bank account as my son milk's me for another @@#$%$ phone upgrade.

Disclaimer

I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES - I JUST POST TRADES I MAKE OR FIT THE RULES OF MY TRADING PLAN ON A DAILY BASIS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS! ALL CHARTS COURTESY OF TRADESTATION, SCHWAb & TD AMERITRADE