Trading Journal - June

Discussion in 'Journals' started by Seanote, Jun 3, 2002.

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  1. If I'm seeing them right (I don't currently use candlesticks)-- are those 'hammers?' They tipped you off?
     
    #41     Jun 4, 2002
  2. Seanote

    Seanote Guest

    On the MO or /ESMG2 play?
     
    #42     Jun 4, 2002
  3. ES. I looked up those bars...I don't know what they are called, but what is it about them that is significant?
     
    #43     Jun 4, 2002
  4. Seanote

    Seanote Guest

    Short 3K XLNX @ 32.22 (swing)

    * Look at daily chart. Broke support.
     
    #44     Jun 5, 2002
  5. Seanote

    Seanote Guest

    Covered 3K XLNX @ 31.63

    + .59 points

    That was intended to be a swing trade but it gapped down so quickly I had to take the profit ($1,770) in such a short amount of time. I'm going to wait for it to bounce up again and take my short position as a swing unless the same happens.
     
    #45     Jun 5, 2002
  6. Seanote

    Seanote Guest

    Short 3K XLNX @ 31.56 (swing)
     
    #46     Jun 5, 2002
  7. Seanote

    Seanote Guest

    This stock looks like it could drop another 2 points today if the market pulls back. I have a locked profit on my first play so that has given me a cushion on this swing play in case it does bounce. I don't think it will bounce and hold.
     
    #47     Jun 5, 2002
  8. Seanote

    Seanote Guest

    Covered 3k XLNX @ 32.11

    - .55 points
     
    #48     Jun 5, 2002
  9. Seanote

    Seanote Guest

    Watch MO, still negative after the DOW ran up 110 points. This is usually a big signal that there is no instituional buying interest or the big boys are continuing to short holding the price down. This is more a swing trade signal. IMO
     
    #49     Jun 5, 2002
  10. Take a look at June open interest in MO
    Major bell curve with peak at 55 strike. I have noticed often these large companies have a major tendency toward the peak of the open interest at expiration. Also, the June 60 puts are $2.60 offer.
     
    #50     Jun 5, 2002
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