iBankCoin
Joined Nov 29, 2008
329 Blog Posts

Q & A with CA (#3)

You know the drill. Leave the questions below.

I forgot to add, if you’re questions are the same as the ones in the two previous Q&A’s, I won’t answer them.

Q&A #1

Q&A #2

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19 comments

  1. juan

    Please comment on your acas prospects. Thanks

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  2. Victor

    how do you go about creating your watchlist for the next day? Also, what futures do you keep an eye on besides the ES & NQ? Maybe the mini dow, gold, treasury, and dollar index futures? Do you pay any attention to market breadth and TICK/TRIN? Do you have any idea as to how long it will take for you to reach your first profit-taking resistance level, if so, how do you figure that out? Finally, what do you think of JASO for a swing play if it pulls back a bit more? Thank you!

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  3. Goldie

    Is there any moving average crossovers that cause explosive stock movement? I have been noticing lately that when the 10 EMA crosses the 100 EMA the price movement in that stock really takes off.

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  4. TetonStorm

    First off IBC is the absolute ruler of the finacial market blog world.
    Question: Do you chart the US Industry Indices and SPDRs for breakout setups then search those setups for individual stock setups or do you just use a broad market search with you price and volume criteria as stated in the 1st Q/A?
    Thanks for all your insight and hard work.

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  5. Celticaces

    Long time-first time here CA. Your blog is my favorite on ibc (don’t cry Fly).

    1) Do you trade futures (i.e. S&P e-minis)? If not, have you looked into the advantages they have over daytrading stocks?

    2) Other than tech. analysis of financial markets (murphy), what would you say is your favorite tech. analysis educational material?

    3) With the information overload problem inherent in trading, what have you narrowed your sources/references down to and when do you read them throughout the trading day (or after)?

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  6. andre123

    HEY CA,

    Great fucking work you do here man. Love reading everything you post.

    please answer this question if it meets your requirements.

    I was wondering how you use MA’s in your trading. Take a stock like ANR. The stock has popped above its 200day moving average. Do you consider this bullish? What if a stock smacks its head on the 200 day and falls(ex:CTIC). Is this bearish?

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  7. The 4th Earl Of Sandwich
    The 4th Earl Of Sandwich

    CA, first off thanks for all the hard work you put in here, it’s very much appreciated to those of us climbing the steep learning curve.

    I’ve quickly figured out that psychology and discipline are key to success in this game you can have the best setups in the world but if you don’t play them right you’re fucked.

    My question is that when you are trading breakouts from patterns such as Triangles, Flags etc. Do you always take a disciplined approach and wait for price to breakout of the pattern and confirm the breakout – or do you ever jump the gun and place a speculative trade whilst the pattern is still forming? Maybe the pattern is just to bullish to resist sometimes?

    thanks again man,

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  8. Loopy Monkey

    Wondering what tools you use, like software, trading platform, monitor setup. and do you keep all charts up simultaneously or do you flip through them during the trading day. thx.

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  9. OTM CALLS (one shot)
    OTM CALLS (one shot)

    If you had to buy OTM calls (JAN 2011) on just one stock, what would it be.

    Ive been asking this to a lot of people and the 83% of all answers are in the same sector. Hmmmmmmm

    Ill post my suvey results after you let me know (or if you decide not to, Ill jsut put em up then)

    God Speed.

    Thanks

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  10. daniel

    1. how do you protect against “fake out” moves?

    2. do you ever pre-empt a move? if you wait for a pattern to confirm, you would have missed a big chunk of the move already.

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  11. Pin

    Breakouts to either side happen intraday, some will be a real breakout while others fall back into the range by the end of the day creating a tail on the candlestick.

    How do you distinguish between real and fake breakouts? Do you usually wait until the last few minutes before market closes to decide whether to get into the trade or are there certain criteria you look for to determine that it is a real breakout?

    Thanks!

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  12. Toronto Canuck

    Hey CA – What sort of patterns do you look for when shorting stocks? Also what indicators do you look at when measuring the strength of the markets?
    Thanks!

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  13. Q

    Do you ever do any analysis on ES or do you stick with SPY?

    How long did it take you to become profitable after you made it a priority to become a good trader?

    Are you ever concerned that stocks will stop obeying the patterns that you follow – i.e. that your edge will erode?

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  14. Bill z.

    1. We’ve been playing a lot of stocks under the 200d MA and popping – as that crowd gets picked over, seems to me the (long) action will be heavier in those over the 200d MA – fundamentally is this the same? Without obvious markers as the MA’s, how you adjust your picks for long opportunities, or is it still high tight flags / volume etc?

    I sucked at shorting via ETF’s when I first played with the toxic sesspool that is FAZ sometime last January. Any initial learning steps and / or core principles you’d recommend? I’m leaning towards just using ETF’s for this purpose – at least for a while.

    Thanks a ton as always CA.
    z.

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  15. BeeRy

    1. What makes you say that there is a big move ahead, can you elaborate?
    2. Do you have any hedges against the USD?
    3. What are you holding for the long term?

    Thx.

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  16. The Chart Addict

    ok no more.

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  17. Hammy

    Where do you get all the “motivational” pics?

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  18. The Chart Addict

    Any Warhammer 40,000 site.

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