Trading breakouts [By The Book]

Discussion in 'Journals' started by konviction, Feb 27, 2012.

  1. Price at MAJOR pivots for:

    CAT, MWW, CVS FSLR

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    ebay will probably be a loser. Weekly's putting in a pinbar and we still have two more days of trading. Monthly still looks bullish.
     
    #21     Feb 29, 2012
  2. bought scss at 29.82 off the weekly. stop at 25 / target 164 to 208.48

    r/r of 1:23 to 1:37

    I know that target seems crazy, but these are just projections. I use measured moves to forecast targets.
     
    #23     Feb 29, 2012
  3. Yes folks, trading can be as simple as you make it.
     
    #24     Feb 29, 2012
  4. #25     Mar 1, 2012
  5. #26     Mar 1, 2012
  6. pnl day: $356.00

    pnl open: $67.00
     
    #27     Mar 1, 2012
  7. going to try some day trades. will post in real time.

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    1200 F @ 12.86
     
    #28     Mar 2, 2012
  8. sold 1200 f @ 12.89

    + 19.00

    didnt get much sleep. taking nap.
     
    #29     Mar 2, 2012
  9. the1

    the1

    Flipped thru some of your charts and I wouldn't play any that I've seen, which doesn't mean your method won't work. Just that I wouldn't play them. I've been tradinig b/o's for a while and what I look for is a clean chart, unfilled gaps (will post an example of that next), and symmetry. ESRX had two of those criteria for a nice play.
     
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    #30     Mar 2, 2012