belflan's US stock intra day trades

[belflan]

rimm short closed

 

[belflan]

reason = don't like the turn in 5min indu macci

 

[belflan]

profit on above trade =

$195

 

[belflan]

may look for a long in aapl and amzn

need better price tho

 

[belflan]

may look for a long in aapl and amzn

need better price tho

will wait, lunch time and 10min macci abit all over the place for now

 

[belflan]

although the 1,5,and 10min indu macci are o/b. I am very wary of going short in this market

 

[belflan]

although the 1,5,and 10min indu macci are o/b. I am very wary of going short in this market

think i would only consider a short of rimm with a large spike up well above 121.60

 

[belflan]

that will do = short rimm

 

[belflan]

mmmm, nervous about short

 

[belflan]

Doh! right to be nervous

 

[belflan]

Doh! right to be nervous

will take a small profit on spike down (given half a chance)

 

[brutusdog]

Doh! right to be nervous

Hi Glen,

are you carrying out any price action analysis?

might be useful if you do to write down any notes on it, i have found it helps loads and will post todays if you would like?

cheers bd.

 

[belflan]

will take a small profit on spike down (given half a chance)

have to go out a mo..

rimm sells limit 121.40 stop 123.10

 

[belflan]

rimm limit hit

not sure what happen after this but rimm ended at 120!!!!!!!!!!!!!

 

[belflan]

profit on rimm = $250

 

[belflan]

Hi Glen,

are you carrying out any price action analysis?

might be useful if you do to write down any notes on it, i have found it helps loads and will post todays if you would like?

cheers bd.

hey brutus,

not sure what you mean by price action analysis.

but no, i don't think i do, what i look for is as follows (and what grey has said before);

1. look for the market cycle (mainly 5 & 10min)
2. look for stocks strong or weak in relation to market (mainly looking at aapl amzn rimm)
3. look for spike in stocks for entry


cheers my man

Glen

 

[belflan]

running total today = $585

running total total = $2,164

cann't help but think Grey1 is abit of a Gensis when it comes to US stocks

happy enough with entries tonight, exits maybe to early

rimm trade = I new it was riskly and i took a risk = not a bad/unhappy trade

 

[brutusdog]

hey brutus,

not sure what you mean by price action analysis.

but no, i don't think i do, what i look for is as follows (and what grey has said before);

1. look for the market cycle (mainly 5 & 10min)
2. look for stocks strong or weak in relation to market (mainly looking at aapl amzn rimm)
3. look for spike in stocks for entry


cheers my man

Glen

it might be worth keeping an eye out for some other supporting factors.

the attached charts have 3 levels on which were there from the start of the day.

PDH (previous days high)
PDL (previous days low )
PDC (previous days close)

so if price opens within these levels you have a good chance of support at pdl , resistance at pdh and pdc being a level to watch out for.

the fact that the 1st macci turn of the 10 and the 5 in o/s happens right on the pdl is no coincidence.

also if price breaks these levels it is more probable that it will be a trend day in that direction. also if they are broken then support will become resistance and visa versa.

cheers bd.

 

[belflan]

long rimm

 

[belflan]

reason for above trade = 10min turning up staying O/b (sign of market strenght)
rimm strong in relation to market