News You Can Use

Discussion in 'Trading' started by Brandonf, Jul 8, 2002.

  1. Good read.

    I've got a printed chart of ''OVER'' Up trenders took out about 5% one day.

    Same day, afterwards, downtrenders won ;and downtrended rest of week.
    Battle took place at about $ 25.25,sometimes they repeat.


    -------------------------------

    -''Write down what you learn in a trade''-Michael Masters
     
    #21     Jul 9, 2002
  2. Brandonf

    Brandonf ET Sponsor

    Just this for pre-market news. Free on ET. I do have a chatroom where we trade futures and stocks as well.

    Brandon
     
    #22     Jul 9, 2002
  3. Brandonf

    Brandonf ET Sponsor

    More or less but not 100% of the time :) The news is just a catalyst that will bring eyes to a stock. I try to use the technicals then a bit to guide me as to which way they will move it. Basiclly the idea with the news is that if it should go up then it should.

    Brandon
     
    #23     Jul 9, 2002
  4. Brandonf

    Brandonf ET Sponsor

    [08:52] <brandon> 08:52:27 cst Market Alert: SP Pivots are S1 966, S2 959.1, R1 986.8, R2 1000.7

    [08:52] <brandon> again use this for expected range
    [08:52] <brandon> buy the S numbers
    [08:52] <brandon> sell the R numbers

    [08:32] <brandon> 08:32:54 cst Market Alert: Nasdaq S1 993, S2 973.5. R1 1051, R2 1089.5
    [08:33] <brandon> using the pivot points for expect range

    Brandon
     
    #24     Jul 9, 2002
  5. Brandonf

    Brandonf ET Sponsor

    [09:45] <brandon> 09:45:00 cst DAY TRADE UPDATE: CHS on the 15 minute 200ma, take profits here.
    [09:45] <brandon> 09:45:35 cst DAY TRADE UPDATE: CHS $1.41 on last sale. Nice stuff there

    Entry was 37.10
     
    #25     Jul 9, 2002
  6. LelandC

    LelandC

    Brandon,

    What time did you short CHS? Were there upticks available? Where was your stop?

    Thanks,

    Leland
     
    #26     Jul 9, 2002
  7. Brandonf

    Brandonf ET Sponsor

    [14:29] <brandon> 14:29:40 cst SWING TRADE UPDATE: MBG has reached the 60 minute 20ema. Those traders who have not protected partials should take profits on 1/2 of the current positions. Stops should be moved to breakeven and the remaining shares can be held as a swingtrade.
     
    #27     Jul 9, 2002
  8. Brandonf

    Brandonf ET Sponsor

    MBG entry was 27.80ish. Partials taken 27.35ish.
    CHS was taken short 37.10ish between 10:04 and 10:10...plenty of upticks as it went slightly against us at first.

    Brandon
     
    #28     Jul 9, 2002
  9. BRANDON: I LOVE READING HOW YOUR MIND APPROACHES THESE PLAYS. DO YOU HAVE ANY BOOKS OR WEBSITES TO RECOMMEND TO DEVELOP THIS TYPE MINDSET FOR NEWS BASED TRADING STRATEGIES?? THANKS AND I TOO HOPE YOU CONTINUE THIS POST. A TRUE BRITE SPOT HERE AT ELITETRADER!!!
     
    #29     Jul 9, 2002
  10. Brandonf

    Brandonf ET Sponsor

    General Market: The Nasdaq is looking like its going to open right in the area of the 120 minute 20ema. We know this is a powerful resistence point. The Nasdaq's current gap of 1.9% . It is more than a normal gap and has about a 50/50 chance of filling in 100% on the gap. If we do open on the 120ma though we will have a good resistence area to work with for shorts on a close the gap play.

    Brandon
     
    #30     Jul 10, 2002