Ignored FCTR trade for today. Still holding these 3 positions:- -------------------------------------------- LONG MYD @ $14.32 - stop $13.87 - target $14.70 LONG NNP @ $14.45 - stop $14.17 - target $14.80 SHORT MS @ $48.65 - stop $52.39 - target $43 --------------------------------------------
Interesting thread I am a swing trader myself it looks like your useing a similar style. I was wondering what kinda of size are you playing with and the method used for finding these trades.
I'm basically trading with trend. As the old saying goes, The Trend is your friend. I'm waiting for a pull back from a trend, and enter the swing just when the counter rides with the prevailing trend again. And as might have noticed, I used candle patterns, coupled with a leading (stoch) and a lagging (MA) indicator to scan thru my counters. Basically, the stoch is to tell me whether the counters are oversold/overbought, while the MA gives me a sense of what the prevailing trend of that counter is heading towards.
Trading watchlist for 31st Jan, 08 ------------------------------------------- AVD - SHORT, stop $16.05, target $13 NEU - SHORT, stop $55.14, target $47.50 PTEC â SHORT, stop $28.65, target $22.5 PVG â SHORT, stop $28.69, target $24 GT - SHORT, stop $26.39, target $23 -------------------------------------------
All 5 watchlist for today disqualified. No entry for today. Still holding 3 open positions:- ==================== LONG MYD 24-Jan-08 $14.32 - stop $13.87, target $14.70 LONG NNP 24-Jan-08 $14.45 -stop $14.17, target $14.80 SHORT MS 28-Jan-08 $48.65 -stop $52.39, target $43 ==================== YTD Performance: [ -4.37% ]
Trading Idea for 5th Feb,08. LONG ---------------------------------------------------------------- TOWN - LONG, stop $16.02, target $18.00 SHORT --------------------------------------------------------------- BBOX â SHORT, stop $33.82, Target $29.50 LOGI - SHORT, stop $30.70, target $25.50 DAVE â SHORT, stop $11.98, target $9.70 FEIC â SHORT, stop $23.39, target $20.70 GCO â SHORT, stop $34.07, target $28.00 GPI â SHORT, stop $26.87, target $20.50 TTEK â SHORT, stop $19.93, target $17.00