Breakout Trading using Time and Sales

[amit1986]

NUGT -7 cents per share...took a short when I saw momo building, TWS froze, when it reconnected, price had moved against me...

 

[Mr. Charts]

Another thought for you.......elsewhere....
Richard

 

[amit1986]

+27 cents per share NUGT breakdown...TWS didn't freeze this time

 

[amit1986]

There have been so many opportunities just in the first half hour alone...it's really unfortunate this TWS crap happened today

 

[amit1986]

+4 cents per share COF breakout...clearly got out of that too early!

 

[amit1986]

NUGT broke down beautifully without me...I must admit, I was tempted early to short it and turn it into a swing trade...lol...check out the daily chart as to why...likely lots of sellers nearby

 

[evostik]

+3 cents per share COF breakout...clearly got out of that too early!

Amit - nice confidence booster for me cuz I was watching COF too, so thanks for post. Got +14c in at 52.80 10:17:53 out 52.94 at 10:19:59

Cheers
Steve

 

[amit1986]

keeping an eye on WLP

 

[amit1986]

+6 cents per share MS reversal

 

[amit1986]

I don't feel I've made as much as I should have today...a bit disappointed, really. There have some great opportunities early in the morning on financial stocks which I missed.

 

[amit1986]

Great article:
http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?_r=1&pagewanted=all

"What are three quick ways to become a leader? a) Execute on the firm’s “axes,” which is Goldman-speak for persuading your clients to invest in the stocks or other products that we are trying to get rid of because they are not seen as having a lot of potential profit."

 

[amit1986]

+14 cents per share WLP breakout to the whole number

 

[evostik]

+14 cents per share WLP breakout to the whole number

Amit - nice one. I only got +3c employing 1 min candles. Anyhow, thanks for pointing out WLP.

Cheers
Steve

 

[amit1986]

+1 cent per share TCK reversal...just got out as it started ticking back down

 

[amit1986]

-6 cents per share TCK reversal failed

 

[amit1986]

+18 cents per share TCK reversal...got it this time on good momo

 

[amit1986]

going to call it a day....good trading to all!

 

[ChocolateDigestive]

great trading Amit. well done.

 

[amit1986]

+106 cents per share SCHL breakout to new highs !

Not an easy trade, but the formation of an ascending triangle, gap up, strong buying pressure, closing spread at the high of day...all combined for excellent momo

 

[amit1986]

got out too early though