I use higher timeframe analysis and prop calculations to monitor where value buyers are willing to offset momentum sellers. It allowed me to buy Gold recently on 3/23 (still long) AMD is a high probabillity buy here although the broader market context is breaking down. I'm long, but I've reduced size below normal levels and loosened up the stop due to the 4/12 earnings release and the possibility of a adverse 10-15% quick move. Here's my AMD chart with my bid line http://axis-analytics.com/charts/we...06/0410061.html And you can download my daily notes in the attached PDF
Hello NoiseTrader Thanks for being an ET sponsor. I looked at some of your links. From what I was able to glean from your methodology before my eyes started to glaze over, shouldn't your moniker be the ANTI-Noise Trader? IMHO, you are a little too heavy on the jargon for my tastes.
You're right -- more correctly its Anti-Noisetrader... My main concern is doing more of what works in the market and doing less of what does not work. What I do works -- and I eat my own cooking...I do it in real-time and I post my trades in live markets in a Yahoo conference. You can download the Excel files with the trades I''ve been posting (and trading). Come trade with me for a while and see for yourself...I'll gladly send you or anyone interested my daily trading plan. Just go to my weblog at: http://www.street-noise.net/articles/ And select the "BUY LIST" icon.
AMD today was a good example where a trade imploded, and how getting more aggresive about profit-taking becomes important in a well-offered market that is becoming increasingly selective... I had trade location long from 34.10 (4/10) and yesterday, (4/12) but took aggressive profits (one at 35.26 and the second at 35.49) due to the imminent release of earnings. This morning I got stopped out of core long at 31.97 for an average liquidation price of 34.24 for a .4% profit. Be glad to share my daily list of actions taken in stocks (and commodities) and my pre-opening trading plan, send me a PM or go to my blog: Use the "Send me your BUY LIST" button, right-hand column at: http://www.street-noise.net/articles/