tag:blogger.com,1999:blog-19713238.post4156656144067496709..comments2023-11-05T06:41:02.893-05:00Comments on Wall St. Warrior: 2 Inside Bars - Research In Motion Limited (USA) (Public, NASDAQ:RIMM)TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-19713238.post-22446367508334462712008-11-19T09:10:00.000-05:002008-11-19T09:10:00.000-05:00BL,Good observation. Are you trading from 60 minut...BL,<BR/><BR/>Good observation. Are you trading from 60 minute charts?TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-15330817705064935382008-11-19T00:28:00.000-05:002008-11-19T00:28:00.000-05:00Nice trade Jamie, looking at 5/60" see 5/10/20 em...Nice trade Jamie, looking at 5/60" see 5/10/20 ema's coming togethor for a rally at 42 with candle like, Mondayblhttps://www.blogger.com/profile/00896711870488137533noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-9315362638164024162008-11-18T23:18:00.000-05:002008-11-18T23:18:00.000-05:00Thanks Angelo,Yeah, the last hour was quite choppy...Thanks Angelo,<BR/><BR/>Yeah, the last hour was quite choppy. I was going to go long futures but decided against it. Managing two trades at the same time in last hour is hard to do these days!TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-18108468193479655322008-11-18T22:53:00.000-05:002008-11-18T22:53:00.000-05:00Hi Jamie, Nice RIMM trade. I made a mistake. Today...Hi Jamie, <BR/>Nice RIMM trade. I made a mistake. Today I was long RIMM from the shakeout pullin you highlighted. I sold my position on the low of next pullin. I was also long aapl and I sold at the same time that I sold RIMM. I am working on taking profits at the right time.<BR/><BR/>Keep up the good work!Anonymoushttps://www.blogger.com/profile/08972868697470372282noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-26844605437502186022008-11-18T22:08:00.000-05:002008-11-18T22:08:00.000-05:00Susan,I was looking for a symmetrical triangle to ...Susan,<BR/><BR/>I was looking for a symmetrical triangle to form, but as you noted the line was horizontal. I don't like to enter after several consecutive green bars, so I was looking for price to move into the horizontal line, consolidate sideways and then break out.<BR/><BR/>Ultimately, a better trigger presented itself on the shakeout at the base of the primary trendline. After that you place a stop below the trendline and watch to make sure price can break the horizontal line. If price stalls at the horizontal line, we want to see consolidation not another retracement. When price breaks the line, it moves higher and retests as a springboard to a higher move. That's the way it's supposed to work and it gives us confidence in our trade.<BR/><BR/>Look at yesterday's RIMM chart. I drew a similar line and used it as my entry point. The flatness of today's setup worked differently, but had I not entered on the shakeout, I could have entered on the retest of the horizontal line and still catch a good portion of the move.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-74157813810375353982008-11-18T21:49:00.000-05:002008-11-18T21:49:00.000-05:00Jamie,What was the purpose of drawing the horizont...Jamie,<BR/><BR/>What was the purpose of drawing the horizontal trendline?<BR/><BR/>On a 1 min. chart, what rule do you follow to be sure that the trendline is broken?<BR/><BR/>Thanks for the book recommendation. Will surely read this. <BR/><BR/>Thanks,<BR/>SusanAnonymousnoreply@blogger.com