Gap Fade - HLX

5 Minute Chart

Stock: HLX 5 minute chart
Entry Green Line: 32.37
Stop Red Line: 31.24
Result: 2.82 to 3.89
Setup Grade: B-
Notes: Chased a little as I would have liked a larger gap to fill but very nice volume - Here are two good video's. First one on Google and pivot points.

http://www.ino.com/info/160/CD806/&dp=0&l=0&campaignid=3

http://www.ino.com/info/161/CD806/&dp=0&l=0&campaignid=3

* Grade is according my rules for each setup outline in my business plan. The grade is for the setup not the end result.

* Feel free to post any trades you made today that you would like commented on

30 Min. Candlestick Breakout - HAL

Stock: HAL 30 minute chart
Entry Green Line: 38.74
Stop Red Line: 38.54
Result: .36 to .62
Setup Grade: B+
Notes: Four times banging on its high with rising lows.


* Grade is according my rules for each setup outline in my business plan. The grade is for the setup not the end result.

* Feel free to post any trades you made today that you would like commented on

Gap & Go - 30 Minute - ACH

30 Minute Chart

Stock: ACH 30 Minute Chart
Entry Green Line: 51.17
Stop Red Line: 49.93
Result: 1.08 to 1.26
Setup Grade: B+

* Grade is according my rules for each setup outline in my business plan. The grade is for the setup not the end result.

* Feel free to post any trades you made today that you would like commented on

Interesting Read

I received this from a reader, very interesting

WHAT COSTS MORE PER YEAR THAN THE IRAQ WAR?

338.3 Billion a Year on Illegal Immigrants

1. $11 Billion to $22 billion is spent on welfare to illegal aliens each year. http://tinyurl.com/zob77

2. $2.2 Billion dollars a year is spent on food assistance programs such as food stamps, WIC, and free school
lunches for illegal aliens. http://www.cis.org/articles/2004/fiscalexec.html

3. $2.5 Billion dollars a year is spent on Medicaid for illegal aliens.
http://www.cis.org/articles/2004/fiscalexec.html

4. $12 Billion dollars a year is spent on primary and secondary school education for children here
illegally and they cannot speak a word of English!
http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.0.html

5. $17 Billion dollars a year is spent for education for the American-born children of illegal aliens,
known as anchor babies. http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.01.html

6. $3 Million Dollars a DAY is spent to incarcerate illegal aliens.
http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.01.html

7. 30% percent of all Federal Prison inmates are illegal aliens.
http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.01.html

8. $90 Billion Dollars a year is spent on illegal aliens for Welfare and Social Services by the American taxpayers. http://premium.cnn.com/TRANSCIPTS/0610/29/ldt.01.html

9. $200 Billion Dollars a year in suppressed American wages are caused by the illegal aliens. http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.01.html

10. The illegal aliens in the United States have a crime rate that's two-and-a-half times that of white non-illegal aliens. In particular, their children, are going to make a huge additional crime problem in the US . http://transcripts.cnn.com/TRANSCRIPTS/0606/12/ldt.01.html

11. During the year of 2005 there were 4 to 10 MILLION illegal aliens that crossed our Southern Border also, as many as 19,500 illegal aliens from Terrorist Countries. Millions of pounds of drugs, cocaine, meth, heroin and marijuana, crossed into the U. S from the Southern border. Homeland Security Report. http://tinyurl.com/t9sht

12. The National Policy Institute, "estimated that the total cost of mass deportation would be between $206 and $230 billion or an average cost of between $41 and $46 billion annually over a five year period." http://www.nationalpolicyinstitute.org/pdf/deportation.pdf

13. In 2006 illegal aliens sent home $45 BILLION in remittances back to their countries of origin. http://www.rense.com/general75/niht.htm

14. "The Dark Side of Illegal Immigration: Nearly One Million Sex Crimes Committed by Illegal Immigrants In The United States ". http://www.drdsk.com/articleshtml

Total cost is a whooping... $338.3 BILLION A YEAR!!!

30 minute OR Breakout - FCSX

5 minute Chart

Stock: FCSX 5 minute chart
Entry Green Line: 48.45
Stop Red Line: 48.02
Result: .33 to .65
Setup Grade: B+
Notes: Nice break of the 30 minute high with prior consolidation.


* Grade is according my rules for each setup outline in my business plan. The grade is for the setup not the end result.

* Feel free to post any trades you made today that you would like commented on

Gap & Go 10 Minute - CNQ

10 Minute Chart

Stock: CNQ 10 minute chart
Entry Green Line: 69.40
Stop Red Line: 68.53
Result: 1.97 to 2.28
Setup Grade: B+
Notes: Here is a good video by Traders Blog on basic trading, good for newer traders:

http://www.ino.com/info/156/CD806/&dp=0&l=0&campaignid=3

* Grade is according my rules for each setup outline in my business plan. The grade is for the setup not the end result.

* Feel free to post any trades you made today that you would like commented on

Gap Fade Short - HBC

10 Minute Chart

Stock: HBC 10 minute chart
Entry Green Line: 75
Stop Red Line: 75.30
Result: .44 to .81
Setup Grade: B


* Grade is according my rules for each setup outline in my business plan. The grade is for the setup not the end result.

* Feel free to post any trades you made today that you would like commented on

Gap & Go - SGR

10 Minute Chart

Daily Chart

Stock: SGR 10 minute chart
Entry Green Line: 62.76
Stop Red Line: 62.13
Result: 0 to .63
Setup Grade: B

Notes: Scale out as you go


* Grade is according my rules for each setup outline in my business plan. The grade is for the setup not the end result.

* Feel free to post any trades you made today that you would like commented on

Obama - this was good

Free Fall - T

5 Minute Chart

5 minute chart expanded showing huge gap down

Stock: T 5 minute chart
Entry Green Line: 33.21
Stop Red Line: 32.94
Result: .14 to .38
Setup Grade: B-


* Grade is according my rules for each setup outline in my business plan. The grade is for the setup not the end result.

* Feel free to post any trades you made today that you would like commented on

Gap Fade - SHPGY

5 Minute Chart

Stock: SHPGY 5 minute Chart
Entry Green Line: 55.66
Stop Red Line: 56.01
Result: .60 to .66
Setup Grade: A-



* Grade is according my rules for each setup outline in my business plan. The grade is for the setup not the end result.

* Feel free to post any trades you made today that you would like commented on

Rocket - CCU

10 Minute Chart

Daily Chart

Stock: CCU 10 minute chart
Entry Green Line: 32.23 SHORT
Stop Red Line: 33.07
Result: .60 to 1.18
Setup Grade: A-
Notes: Slamming into the daily 50 EMA, just looking for an entry


* Grade is according my rules for each setup outline in my business plan. The grade is for the setup not the end result.

* Feel free to post any trades you made today that you would like commented on

Gap & Go - 10 Minute - OXY

10 Minute Chart

Stock: OXY 10 minute chart
Entry Green Line: 71.25
Stop Red Line: 70.28
Result: 1.69 to 2.17
Setup Grade: A-

- -

Interesting Video by Market Club on their 50 rule dealing with Fibs. These guys have alot of good stuff.

http://www.ino.com/info/154/CD806/&dp=0&l=0&campaignid=3

* Grade is according my rules for each setup outline in my business plan. The grade is for the setup not the end result.

* Feel free to post any trades you made today that you would like commented on

15 Minute Candlestick Breakout - TUP

15 Minute chart

Daily Chart

Stock: TUP 15 minute chart
Entry Green Line: 38.49
Stop Red Line: 38.26
Result: .11 to .35
Setup Grade: B-
Notes: Entered on 8th candle stop below 8th candle


* Grade is according my rules for each setup outline in my business plan. The grade is for the setup not the end result.

* Feel free to post any trades you made today that you would like commented on

Gap & Go - MAR

15 Minute Chart

Daily Chart

Stock: MAR 15 Minute Chart
Entry Green Line: 35.88
Stop Red Line: 35.36
Result: .62 to .80
Setup Grade: B+
Notes: Small gap up, room to run on the daily


* Grade is according my rules for each setup outline in my business plan. The grade is for the setup not the end result.

* Feel free to post any trades you made today that you would like commented on

15 Minute Candlestick Breakout - MTL

15 Minute chart

Daily Chart

Stock: MTL 15 minute chart
Entry Green Line: 107.00
Stop Red Line: 106.09
Result: 1.04 to 1.88
Setup Grade: A
Notes: Setup well on the 5 minute chart as well, long on the 5th candle when it broke the high of the day.


* Grade is according my rules for each setup outline in my business plan. The grade is for the setup not the end result.

* Feel free to post any trades you made today that you would like commented on

Day Trading Business Plan - UPDATE

My newly revised day trading business plan is out, I expanded the plan about 35 pages.
- Detailed Charts for each setup
- Explaination on how I scan for each setup
- How the partime trader can play the first 30 minutes
- Setups for using the first 5, 10, 15 and 30 minute candlestick each day

On February 20th the price will be $125, until then you can get the plan for $99.

Only $25 for those who want to purchase the revised plan. Free for those who bought the plan after January 1, 2008.

Good Trading

Gap & Go - AEM

15 Minute Chart

Daily Chart

Stock: AEM 15 minute chart
Entry Green Line: 62.71
Stop Red Line: 61.33
Result: .37 to 1.14
Setup Grade: B
Notes: Little overextended but I liked the candle and Daily chart


* Grade is according my rules for each setup outline in my business plan. The grade is for the setup not the end result.

* Feel free to post any trades you made today that you would like commented on

Free Fall - SEPR

5 minute chart

Stock: SEPR 5 minute chart
Entry Green Line: 25.93
Stop Red Line: 25.74
Result: .14 to .27
Setup Grade: B+
Notes: nice volume on the entry candle.


* Grade is according my rules for each setup outline in my business plan. The grade is for the setup not the end result.

* Feel free to post any trades you made today that you would like commented on

Gap 123 Fade - NFP

5 Minute Chart

Stock: NFP 5 minute chart
Entry Green Line: 29.70
Stop Red Line: 29.10
Result: .40 to .78

Setup Grade: B
Notes: Huge gap down, nice risk reward on 3rd candle of the day, ran out of steam at the 5 EMA

* Grade is according my rules for each setup outline in my business plan. The grade is for the setup not the end result.

* Feel free to post any trades you made today that you would like commented on

30 minute OR Breakdowns - RDS/A

5 Minute Chart

Stock: RDS/A 5 minute chart
Entry: 70.00 Short
Stop: 70.21
Result: .70 to .80
Notes: Nice bar and breakdown from 30 minute OR low

* Feel free to post any trades you made today that you would like commented on

Gap FIll 15 minute - HP

15 Minute Chart

Daily Chart

Stock: HP 15 minute chart
Entry: 41.12
Stop: 40.15
Result: .38 to .80
Notes: Like the way it fill its gap quickly with room to run on the daily chart. Finding alot of setups with 15 minute gap fills with Dailys that give Ok.

* Feel free to post any trades you made today that you would like commented on

Rocket - INFY

Stock: INFY 5 minute chart
Entry: 44.15 SHORT
Stop: 44.73
Result: .63 to .91

* Feel free to post any trades you made today that you would like commented on