Divergences

Discussion in 'Journals' started by romik, Jul 2, 2006.

  1. romik

    romik

    PT1 hit pre-market
     
    #51     Jul 20, 2006
  2. romik

    romik

    PT1 hit
     
    #52     Jul 20, 2006
  3. romik

    romik

    It's shot passed the stop level and I have decided to hold this one for the time being, if this was a small cap stock I would have dropped it by now, I see a possible B class BLD developing on weekly in HIST, possibly adding to position @ $16 range, which will prove to be a 'make it or break it' point for this stock. This is turning out to be a positional play, rather than a swing trade.
     
    #53     Jul 21, 2006
  4. romik

    romik

    PT1 hit
     
    #54     Jul 21, 2006
  5. romik

    romik

    Though PT1's been hit and I should have exited @ entry if PT2 would not materialize...I am staying in this position, actually I am going to average this position @ $28.42 (average price) as it looks like it is developping a very cute BRD on a weekly chart on all 3 oscillators. Here is the chart
     
    #55     Jul 25, 2006
  6. romik

    romik

    PT1 hit
     
    #56     Jul 26, 2006
  7. romik

    romik

    PT2 has been hit today.

    Just to mention that this one has been one of the strongest divergences, supported also by other bullish indications, which are TA based.

    At this point I must mention that all calls so far are doing pretty well and considering that I haven't got a slightest idea on fundamentals, I don't even know what some of these companies actually do and also I must add that I am pretty much self-taught (no trading courses attended, etc) apart from listening to the traders that ought to be listened to - I believe that it's pretty good going so far, considering market conditions as well.
     
    #57     Jul 27, 2006
  8. romik

    romik

    PT2 hit, position closed

    +6.79%
     
    #58     Aug 2, 2006
  9. romik

    romik

    LU -6.8%
    SI +7.34%
    AMGN +6.79%
     
    #59     Aug 2, 2006
  10. romik

    romik

    Looking good, I would have added here as well, but I am allowing only 2 entries for averaging down.
     
    #60     Aug 2, 2006