Per chat today:
+108 points 11 trade setups. $412 net. Ave winner 147/6 = 24.5 Ave loser -39/5=7.8 W/L = 3.14 Win probability is 6/11=55% Healthy equity curve with those stats.
Visitors and lurkers always welcome in the free chat room.
Previous ELN posts are here. Today, the charts don’t paint a bullish picture. There was potential in previous patterns, but current technical conditions do not bode well for ELN…
In fact, the bias is short, and intraday today, the S1 15.29 area is/was a good short location with good r/r with a 15.43 stop […]
Thanks to Peanuts from MM forum for the heads up on this one.
Nice Head and Shoulders formation on the daily. Risk/reward as shown vertically on the chart. The stock has more than tripled this year, so one might expect some profit-taking from that nice bullish growth. Fibonacci retracement wise, if one looks […]
As per chat
Oct 24, 20:11 Spike* The numbers today: +130 points 7 trades, 4 winners 1 loser, 2 pushes. Win probability = 57%. Average winner 33.75 points, average loser 2.5 points. W/L=13.5 Trades: push push +30 -5 +30 +20 +25 +30
Equity curve from those stats:
Intraday Vector trend scalp system on fire. All are welcome in my […]
OMCL sets up nicely for a short-term swing long at current levels. Looks like fuzzy 5th completion area intraday here at 18.60 levels. Daily chart falls back to support levels, and I like the count too, although I haven’t shown it yet. I’ll update this post later with it. Triangles and […]
Featured on Wallstrip today is NKE. And if nuts are gonna pay $1K for a pair of Nike’s, perhaps the stock is gonna soar in a manner fitting the current bullish TA. Bullish above 84.85.
As per chat:
Oct 23, 12:17 Spike*: “From 5 trades today, 4 winners, 1 loser. +261 points. +$1305 gross. Net after commissions is +$1245. I’m done for the day”
And what was weekly and daily Vector bias today? Bull. And that’s no bull.
I just compiled a portfolio to reflect the performance of stocks I’ve mentioned on this site in the last 11 weeks. How has the site performed? Well, with a full 1/3rd of the open trades being shorts, and 86% of the stopouts being from shorts, it’s actually a very impressive performance.
Out of […]
Futher to this post we have a nice ‘c’ corrective support to buy into. Stop on bias under $7.00.
Futher to this post, GNBT correctives worth buying in to. Stop on bias $1.36.
Further to this post, stalk the a or c correctives for a long. Stop on bias $2.18.
I thought I’d throw this chart out there. I’m still not ready to buy this, but it’s got potential. I’ll watch it for a while and see how triangles set up. At the moment, I see some heavy resistance at $2.40 to $2.50, so the r/r isn’t there for me. But […]
Futures, stocks and broader market direction discussed. Technicals, charts, long-term, short-term, scalping. Login anonomously if you like. Then click History to catch up on what you’ve missed and review the setups from earlier in the day. See for yourself how profitable YM Dow mini futures can be when traded with discipline.
Monthly tweezer. Triangle breakouts. Bullish band action. Worth waiting and stalking for the abc correctives that are bound to come along soon.
Stalk the 2 up to short into at perhaps $39.50, and ride it down for 5 waves to 30.00 support or +24%.
Stats for today: +81 YM points from 24 r/ts (all 8 setups were to the short side).
Net after commissions = $310.
12 winners 12 losers.
Probability 50%.
Average winner 126/12=10.5.
Average loser 45/12=3.75.
W/L = 2.8
Equity curve:
Be sure to visit the free real-time chat room where all trades are posted.
Bullish.
Wallstrip; I’m addicted already
I just watched yesterday’s review of CMG where some light-hearted fun is had at a Chipotle Mexican Grill Inc. store, interviewing a couple of staff who ended up having a burrito speed rolling competition.
The technicals of CMG are great! Although it is approaching monthly price resistances, […]
ADBE was featured on Wallstrip tonight, and the show was a funny one about Flash!
At first glance at the chart it looks like it’s got some technical weakness at current levels. 33.81 gap support would be highly tempting to buy though..
Further to this post and following earnings report tonight, GOOG has bullishly impulsed up after hours to $458.00, 31 points or +7% since the post. Like I said, easy on the eyes
Further to this post, XOM’s monthly chart has a bullish ascending triangle with breakout and test of the support. Here is the count that calls for a 4 impulse down, which should be well supported around 68.00.
Further to this post the other day, here’s the chart and it looks like the 4 is in now.
What is a fuzzy count? It’s applying fuzzy logic to a count; partial truth logic. This is not formal Elliott Wave counting, so expect to see rules broken, and ‘fuzziness applied’. Correctives don’t go beyond ‘c’; anything beyond that is ‘wash’ until the next impulse is delivered. The ‘c’ is the […]