Being 100% serious, JCP wasn't that great to go long on the chart you showed me although it did offer MANY good shorting opportunities after it broke down. Cash... believe me... the pullbacks are easy to see realtime if you know what you are looking for. Trade WITH the trend on a longer time frame countertrend on a shorter time frame. This is the basic concept of a pullback. If anyone else thinks that JCP was ever an unquestionable long on that day then i'd like to see it...
ROC tells me nothing so I use the diff between 2 MAs, 15MA and 5MA, this is the divergence trade. Each peak has a couple of lower bar in the opposite color. 1) http://i2.tinypic.com/6fj54yf.gif 2) http://i16.tinypic.com/5zgyck6.gif 3) the most powerful due to 2 lower peaks http://i2.tinypic.com/6as7zf8.gif
6 trades ( 4 winners / 2 losers) shares traded: 1400 Stocks traded: RIMM, GS average winner: 38.00 average loser: 40.90 commission: 24 todays P/L 46.19
16 trades ( 9 winners / 7 losers) shares traded: 2800 Stocks traded: RIMM, GS, AAPL, LEH, BIDU average winner: 73.27 average loser: 65.57 commission: 96 before giving back profits: 659.50 todays P/L 104.50
11 trades ( 6 winners / 5 losers) shares traded: 1800 Stocks traded: RIMM, GS, AAPL, BSC, JCP average winner: 139.83 average loser: 115.60 commission: 66 before giving back profits: 839.00 todays P/L 195.00 I'm making great money, and giving back way too much
4 trades ( 3 winners / 1 losers) shares traded: 400 Stocks traded: WYNN, RIMM, NOV, FSLR average winner: 67.00 average loser: 23.00 commission: 24 todays P/L 154.00
14 trades ( 8 winners / 6 losers) shares traded: 3600 Stocks traded: AAPL, BIDU, VLO, GS, SCON,SNDK average winner: 58.56 average loser: 40.50 commission: 84 todays P/L 141.48