Since no one is dumb (or smart?) enough to give you actual tradable levels except me, here it is:
I don’t know if HLF is going to zero but it should have a nice tradable bounce in the $20.50 – $20 (red line) range if it manages to get there.
I could be fast lasting only a few hours or could last days, who knows. So trade it using whatever methods you would normally use.
Personally I’m hoping for a setup on the hourly chart for a monster risk to reward setup.
Good luck!
With the broad market rally ACN finally popped and tagged my target area. I finally sold out of my remaining 30% position @ $70.76. Overall a solid trade since it yielded more than 2x my initial risk.
As a review this is where I dumped 70% of the shares: http://ibankcoin.com/xtrada/2012/12/05/acn-out-70/
I’m probably leaving lots of money on the table but that’s ok. The market is whippy so I’m sticking to my cautious plan.
In a previous post ( http://ibankcoin.com/xtrada/2012/12/04/gmcr-good-time-to-take-profits/ ) I said to take profits in GMCR because it would bounce around. I even drew a nice little line for you.
Now here it is today:
Ok, maybe not surgical precision but pretty good.
Check out my posts ( http://ibankcoin.com/xtrada/author/xtrada/) , simple and effective.
Congrats to those that made the first round cut!
Sorry, I can’t write entertaining like The Fly. No one can, others try to imitate him but it just ends up sounding dumb.
But I do have my Hot Lists. These are similar to traditional watch lists but are better for short term trading.
Basically, these stocks have broken out and are running. When there are pullbacks you can enter with a higher probability of winning. So there is nothing specific you need to look for, you just continue to use whatever method(s) you normally trade with.
I’ll give you two in my current Hot List:
1. USD/JPY – above 81.40
2. ADSK – above 32
This is what you can do, here are my recent scalps in USD/JPY, this is called threading the needle:
For currency trades, I use Oanda (they automatically mark trades with triangles) and Interactive Brokers for large positional trades.
Blue triangles – Buys
Orange triangles – Sells
So you want to bank coin or what?
Sold 70% of my shares @ 69.67
Moving the stop to 68.69 for the remaining 30%. Target is 70.80 – 71 range (the horizontal grey line in the chart).
Why did I sell now? My risk (R) in this trade was 68 cents, or R = 0.68.
ACN went up to 2R or 1.36 , actually it was 3 cents shy (only went to 69.75), but when it started to come down I sold off.
It’s a whippy market so it’s better to just take singles instead of trying to get home runs. Getting 2 times my initial risk is a solid trade, I’ll take that anyday.
Long ACN @ 68.42 , looking for the break of the last 3 day consolidation. This should be a fast trade lasting a few days.
Tight Stop @ 67.74
If you are in GMCR this would be a good time to take some profits as it’s hitting one of my resistance levels around the $41 – $41.50 range. It will most likely bounce around here possibly gathering energy to move higher at some point.
If you’re sick of:
1. Shifting through piles of commentary and noise.
2. Looking at someone else’s stack of watch lists that you don’t have time to look at.
3. Translating complex analysis of macro/micro events into trading ideas.
I use simple technical analysis along with my own custom pivots which work very well.
Here is my recent Apple trade. I called the bottom before there was a bottom:
http://xtradespace.wordpress.com/2012/11/08/aapl/
Then I traded the bottom as planned:
http://xtradespace.wordpress.com/2012/11/17/aapl-long/
If you want to see more, vote for me.
Since no one is dumb (or smart?) enough to give you actual tradable levels except me, here it is:
I don’t know if HLF is going to zero but it should have a nice tradable bounce in the $20.50 – $20 (red line) range if it manages to get there.
I could be fast lasting only a few hours or could last days, who knows. So trade it using whatever methods you would normally use.
Personally I’m hoping for a setup on the hourly chart for a monster risk to reward setup.
Good luck!
With the broad market rally ACN finally popped and tagged my target area. I finally sold out of my remaining 30% position @ $70.76. Overall a solid trade since it yielded more than 2x my initial risk.
As a review this is where I dumped 70% of the shares: http://ibankcoin.com/xtrada/2012/12/05/acn-out-70/
I’m probably leaving lots of money on the table but that’s ok. The market is whippy so I’m sticking to my cautious plan.
In a previous post ( http://ibankcoin.com/xtrada/2012/12/04/gmcr-good-time-to-take-profits/ ) I said to take profits in GMCR because it would bounce around. I even drew a nice little line for you.
Now here it is today:
Ok, maybe not surgical precision but pretty good.
Check out my posts ( http://ibankcoin.com/xtrada/author/xtrada/) , simple and effective.
Congrats to those that made the first round cut!
Sorry, I can’t write entertaining like The Fly. No one can, others try to imitate him but it just ends up sounding dumb.
But I do have my Hot Lists. These are similar to traditional watch lists but are better for short term trading.
Basically, these stocks have broken out and are running. When there are pullbacks you can enter with a higher probability of winning. So there is nothing specific you need to look for, you just continue to use whatever method(s) you normally trade with.
I’ll give you two in my current Hot List:
1. USD/JPY – above 81.40
2. ADSK – above 32
This is what you can do, here are my recent scalps in USD/JPY, this is called threading the needle:
For currency trades, I use Oanda (they automatically mark trades with triangles) and Interactive Brokers for large positional trades.
Blue triangles – Buys
Orange triangles – Sells
So you want to bank coin or what?
Sold 70% of my shares @ 69.67
Moving the stop to 68.69 for the remaining 30%. Target is 70.80 – 71 range (the horizontal grey line in the chart).
Why did I sell now? My risk (R) in this trade was 68 cents, or R = 0.68.
ACN went up to 2R or 1.36 , actually it was 3 cents shy (only went to 69.75), but when it started to come down I sold off.
It’s a whippy market so it’s better to just take singles instead of trying to get home runs. Getting 2 times my initial risk is a solid trade, I’ll take that anyday.
Long ACN @ 68.42 , looking for the break of the last 3 day consolidation. This should be a fast trade lasting a few days.
Tight Stop @ 67.74
If you are in GMCR this would be a good time to take some profits as it’s hitting one of my resistance levels around the $41 – $41.50 range. It will most likely bounce around here possibly gathering energy to move higher at some point.
If you’re sick of:
1. Shifting through piles of commentary and noise.
2. Looking at someone else’s stack of watch lists that you don’t have time to look at.
3. Translating complex analysis of macro/micro events into trading ideas.
I use simple technical analysis along with my own custom pivots which work very well.
Here is my recent Apple trade. I called the bottom before there was a bottom:
http://xtradespace.wordpress.com/2012/11/08/aapl/
Then I traded the bottom as planned:
http://xtradespace.wordpress.com/2012/11/17/aapl-long/
If you want to see more, vote for me.
