Catch this:
The chart is bullish. 10% risk from current levels with a stop under the fuzzy C. Lindsay from Wallstrip made ERTS the topic of discussion on Tuesday, and what a nicely bullish stock worthy of discussion. $75.00 is my target. Risk 10% to make 25%?? Yeah, well, not the […]
Having reviewed price action in SWHC this week I see that it took the 5% risk for the last setup I posted, failing at the Fuzzy C support. So it’s off the TechncialTrades.net port now and I’m contemplating price action and the technicals.
I see that the technical pattern on the daily is clearly a […]
Thanks for Websman for the heads up on this one. He might be taking BMD long in the Portfolio of the Week contest at MrMarketisHuge forum, looking for a 1-day gain, and he might just get a 20% pop to Fuzzy C resistance. The daily count calls for an impulse up 4 before […]
Thanks to Tom for the heads up on this one in chat today. Looks like this strength is worth shorting into. EDIT: Shorting on Monday at 10.00 with a .20 stop to target a gap fill; price has risen nicely to the Fuzzy C resistance.
Shorting this puppy at the open tomorrow with a $24.00 target and $42.80 stop.
The cash from daytrading the Dow futures is just rolling in lately. Per chat today (free and all welcome):
+$515 net today from 8 setups; 4 winners, 3 loser, 1 push. Probability 50%. Average winner 48, average loser 16.25. W/L = 2.95.
Another rewarding day in the free chat room today; +$700 net. All trades posted real-time.
Net +$700 today. 10 setups, 5 winners, 3 losers, 2 pushes. Probability = 50%. Average winner 42.6, average loser 8.8. W/L = 4.84. Nice curve with those numbers.
Stop on bias under 6.07.
Bullish!
“Shhh! I’ve already said too much”.
http://www.wallstrip.com/theshow/2006/11/15/11-15-06-akamai/
EDIT: Less than an hour after this post, a bullish pop stops the position out for -10%.
Yet another short entry point here, as the Fuzzy C fails for PARL.
Adding another position short in the technicaltrades.net portfolio. Stop on this position at 6.81. Target is 3.00. 10% to […]
It’s in the 3 up. Long bias while the recent 2 support holds.
STEM has been a long in the technicaltrades.net portfolio since the correctives in October. It’s nicely green now; +29%.
Based on the action on the daily, the fact this may be a ‘b’ up before a ‘c’ corrective, I’m taking the +29% profit off the table and will buy the ‘c’ dip at $2.85 if […]
ACOR just popped intraday to daily C resistance at 16.20 and my alert went off for the entry, so it is now a short in the technicaltrades.net portfolio as a short. Stop on bias at 18.15, above the 5 resistance. EDIT: After +7% move, stop moved to -2% risk. EDIT: […]
IMCL has been a short in the technicaltrades.net portfolio for a couple of months and the position only enjoyed a few days in the green before getting squeezed nicely. In fact, the port has 2 positions for it. Technicals have now changed for it, and the bias is clearly long. The shorts […]
The bull rewarded nicely today for the patient.
As per chat today:
Nov 14, 16:03 Spike* Net +$1365 today. Results: +88 -12 +80 +30 -16 +80 +28 +20 = + 298 points from 8 setups. 6 winners, 2 losers. Probability 75%. Average winner 54.3. Average loser 14. W/L = 3.88. Sweet equity curve with those numbers. $1490 less […]
Sets up for a short while price is under the ‘c’. Logical stop is above the ‘c’, currently at 9% risk. Intraday pivot at 14.94 a good place to short into strength. That’s 7% risk.