I think this is an example of a perfect trender. The pull backs to previous supports/resistance create the patterns. If you can buy dips like this your risk is so tiny and you can just ride the stock until the trend changes.
Sunday, August 2, 2015
The chart that changed me into a pull back trader
VLTC had a nice 2 day run a few weeks ago. Watching this perfect trender move changed the way I trade forever. Below is the chart with all the patterns and entries that could have been taken.
I think this is an example of a perfect trender. The pull backs to previous supports/resistance create the patterns. If you can buy dips like this your risk is so tiny and you can just ride the stock until the trend changes.
I think this is an example of a perfect trender. The pull backs to previous supports/resistance create the patterns. If you can buy dips like this your risk is so tiny and you can just ride the stock until the trend changes.
Tuesday, July 14, 2015
Watchlist 7/15/15
Many names I will be watching are also from Sayed aka the @Szaman list http://bullsonwallstreet.com/watch-list-07-15-2015/
OHRP think this still has room to run. Chart 1 notice the volume and chart 2 notice the support/resistance
OHRP think this still has room to run. Chart 1 notice the volume and chart 2 notice the support/resistance
Monday, June 22, 2015
Trade recap 6/22/2015
I went 1 for 5 with my trades today. Surprisingly, I am extremely thrilled with the way I traded today. There are a few reasons why. 1) I ended slightly green. 2) I did the right thing on all of my trades. The way I traded $SGYP is what made me happy. It is in my opinion one of the best trades I have ever made.
After seeing $SGYP drop over $1 in about an hour or so today it came on my radar. I wasn't sure how to play it at first but began to monitor it. After a big drop like that, what I did notice was it started to bounce.
It started to look like a 1-2-3 setting up. I decided to go long after it broke the 2(ish area). The reason for the (ish) is because I was using the top of the candle not the wick. It started to follow thru but ran right into the 20ema. I sold for a small loss shortly after it failed to hold my stop, which I moved up after a higher low. I lost 8 cents on the trade big deal. I was going for 40 cents anyways.
About 20 minutes later, what I noticed was the line in the sand held again. So the bear flag failed to have any follow through.
As soon as the stock broke the 9ema I went long.
Here is how I played it.
This trade required a lot of patience. I have developed a lot over the past year. I pretty much just set a stop on this and kept an eye on it. My first target was 8.48 (the VWAP), I sold 1/2 here. My overall target was 8.80 (Fridays lows) I sold 1/3 more after a big green candle and the last bit I sold a cent or so from the top, which was my target.
Crazy how you can have a 20% win rate and still have a good day. But if you do the right things, that could be all that you need.
For a comple look at the tradervue trader here is the link http://www.tradervue.com/shared/trades/3067775
After seeing $SGYP drop over $1 in about an hour or so today it came on my radar. I wasn't sure how to play it at first but began to monitor it. After a big drop like that, what I did notice was it started to bounce.
It started to look like a 1-2-3 setting up. I decided to go long after it broke the 2(ish area). The reason for the (ish) is because I was using the top of the candle not the wick. It started to follow thru but ran right into the 20ema. I sold for a small loss shortly after it failed to hold my stop, which I moved up after a higher low. I lost 8 cents on the trade big deal. I was going for 40 cents anyways.
About 20 minutes later, what I noticed was the line in the sand held again. So the bear flag failed to have any follow through.
As soon as the stock broke the 9ema I went long.
Here is how I played it.
This trade required a lot of patience. I have developed a lot over the past year. I pretty much just set a stop on this and kept an eye on it. My first target was 8.48 (the VWAP), I sold 1/2 here. My overall target was 8.80 (Fridays lows) I sold 1/3 more after a big green candle and the last bit I sold a cent or so from the top, which was my target.
Crazy how you can have a 20% win rate and still have a good day. But if you do the right things, that could be all that you need.
For a comple look at the tradervue trader here is the link http://www.tradervue.com/shared/trades/3067775
Thursday, June 11, 2015
Monday, June 1, 2015
Tuesday, May 26, 2015
Playing the 1-2-3 set up
I wanted to go over what has become my favorite set-up lately. The 1-2-3 reversal set-up. Which a short description is higher lows. Why I like this set up so much is that you are getting a great price since it is at the beginning of the trend. It is also very easy to manage, in my opinion with awesome risk/reward. Normally 5 to 1 if it works out correctly. Many times with this set-up, even if it doesn't work as planned, you can still walk away a small gain. This was originally taught to me by Sayed Szaman @NYCTrader. Here is my take on it and how to trade it.
If you know anything about technical analysis, it is understood that a stock price moves from support to resistance and vice versa. Knowing this we can using this as well as a few other indicators to get into a stock at the beginning of a new trend.
Here are a few examples from today 5/26/15
The market opened up today and sold off pretty fast. I had a few stocks on my watch-list that I made last need, YOKU and FEYE
FEYE
We use the 9 and 20 ema in chat room to time entries and exits. This is how I executed my trade.
With this trade when I had entered 44.10 the stop was 43.90. If we sell at the top of this move 45.50, that is $1.40. That is 7 to 1 risk/reward, the type of trades that we need to make.
YOKU
Stock moved over $1.50 from my buy price.
As we can see in both examples, there is a defined small risk. Using the 9 ema in this situation was the reason for the entry. When timed correctly, you are normally not ever in a losing position. You can just sell some into resistance and ride the rest. Its easy when you are in a winning position and have a plan of where to sell.
If you know anything about technical analysis, it is understood that a stock price moves from support to resistance and vice versa. Knowing this we can using this as well as a few other indicators to get into a stock at the beginning of a new trend.
Here are a few examples from today 5/26/15
The market opened up today and sold off pretty fast. I had a few stocks on my watch-list that I made last need, YOKU and FEYE
FEYE
We use the 9 and 20 ema in chat room to time entries and exits. This is how I executed my trade.
With this trade when I had entered 44.10 the stop was 43.90. If we sell at the top of this move 45.50, that is $1.40. That is 7 to 1 risk/reward, the type of trades that we need to make.
YOKU
Stock moved over $1.50 from my buy price.
As we can see in both examples, there is a defined small risk. Using the 9 ema in this situation was the reason for the entry. When timed correctly, you are normally not ever in a losing position. You can just sell some into resistance and ride the rest. Its easy when you are in a winning position and have a plan of where to sell.
Thursday, May 14, 2015
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