I'm starting a journal to post my trades. I find this helps with my discipline and if anyone wants to trail me, has comments, or ideas about possible trade setups please feel free to add to the thread. Before I start I'd like to give a little background. I've actively traded before in two previous failed attempts. Hence, my user name. The first time was trading options directionally, and the second time was daytrading index futures. This time I intend to trade stocks and ETF's positionally and hold for anywhere from a few days to a few weeks. The objective is to take chunks of the swings in the market. I have also studied technical analysis through books and basic level courses and also obtained a CFA charter in 2002. My style is based on both technical and fundamental analysis. I use support and resistance in multiple time frames to judge entry and exit points as well as news flow to help determine direction. This is in addition to the traditional technical analysis basics of chart patterns, trend analysis, and the like. The fundamental analysis provides a framework for what the market is doing in its primary, secondary, and tertiary trends. To give everybody an example of my trading style I will share the two position trades I made last week. Last Monday I went long shares of XFN (TSX), a financials ETF based on a double bottom pattern on a daily chart and my belief that the insurers had bottomed out - they were the reason for XFN retesting earlier lows as banks were still holding up. I entered at $11.83 and sold last Thursday at $13.95 based on a resistance level of approx. $14. The other trade I made was long HSU (TSX), an S&P 500 ETF, entering on Wednesday at $4.46 - corresponding index level was 717 - based on the belief there would be a continuation of the dead cat bounce of Tuesday's strong market performance. I sold on Thursday at $4.86 - corresponding index level 751. I originally set a target of selling at 740 resistance, but held the position and chose to sell into the strongest prices that are usually achieved between 3 and 3:45 on strong rally days. I maintained stops on both of these positions as a measure of risk management. Tomorrow, I am considering the impact of no OPEC cuts to the oil market and the possibility of a decline. According to the daily charts at livecharts.co.uk the WTI contract has been trading in a range since mid-December 2008 with a resistance of $48-$50 and a support of $34-36. Since I am not trading futures I intend to buy HOD (TSX) at market open or soon after with a target of $42 on the WTI contract. I will post tomorrow whether I make this trade or not very soon after the market open. I am also considering going long again on the S&P 500 as I believe the market has a bullish bias from the lack of profit taking on Friday and because the index is so close to 800-810 at which point I expect it to sell off. 800-810 represents the neckline of a double top formation on an all time chart, is 20% off the market low which is usually the halting point of bear rallies, and is the support of a trend channel the market was in from January to mid February before breaking to test November 2008 lows. However, I am prepared to go short in addition to long based on the next catalyst the market takes hold of on Monday morning. This could be potential lower oil prices, Bernanke's comments on 60 Minutes, or some unexpected news. We will wait and see. Cheers.