Spydertrader's Jack Hershey Equities Trading Journal III

got spanked!

stopped out for a loss!...just when i thought i was catching it as it bounced off the RTL!

 

Same here, except for NFI

 

Sold PRXI at open and a little too early. Still holding SYX. Stopped out for a decent gain on SNCR. Sold all of BTJ today. Bought TRCR today at open. No shorts today.

JAC

 

ouch.

 

Hey Appletoast,

When and why did you short TRCR? Was this based on channels, tech. indicators, both, or none of the above?

JAC

 

i shorted TRCR on Wednesday 6-27 at $18.32.

on the 26th
1. volume was low (not dryup, but low)
2. it was at the bottom of the light blue channel
3. it was at the top of the purple channel

on the 27th
1. red volume increased, and on pro-rata basis, was set to hit FRV level
2. BO of blue channel
3. 30 minute MACD negative, slow stoch entwined below 25, and fast stoch below 50


thoughts?

 

just want to point out that was not R2R

 

thank you.

what about the rising red volume on the day the stock opened below the blue channel?

i took that as a BO.

or do i just have the wrong channels?

thanks for your help.

=]

 

Time to test my real time FFT skills. Any comments very welcome...

I picked up some SLP late today. Here's a chart, volume looks nice to me, the channel is down, both stoch's look good to me. A close above the 20 SMA would make me feel better, but we can't have it all, can we?

Thanks,

TNG

 

BO for blue channel and cont. for pink channel. Both channels look ok, eventually you pick one that conform to the gau the most.