tag:blogger.com,1999:blog-19713238.post8692475533352708427..comments2023-11-05T06:41:02.893-05:00Comments on Wall St. Warrior: Bears Own ItTJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-19713238.post-24977386869354707212008-12-19T14:19:00.000-05:002008-12-19T14:19:00.000-05:00Tyler,Some trades I manage on 1 min. like FWLT bec...Tyler,<BR/><BR/>Some trades I manage on 1 min. like FWLT because it's a fast trade. Others I move over to longer 15 min. when price moves out of consolidation zone.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-61702185008792871682008-12-19T14:16:00.000-05:002008-12-19T14:16:00.000-05:00Tyler,Good eye, yeah I sometimes change the 5 min....Tyler,<BR/><BR/>Good eye, yeah I sometimes change the 5 min. to 3 min. for clarity. I'm usually watching 1, 5, 15 min. at same time to confirm entry looks good on all timeframes.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-40460790493136185322008-12-19T14:14:00.000-05:002008-12-19T14:14:00.000-05:00Timo,For FWLT place stop on previous bar high on 1...Timo,<BR/><BR/>For FWLT place stop on previous bar high on 1 min. chart. The pattern (3 PP B&B) should give instant gratification. If it head fakes you have to exit right away because it is just a test of support.<BR/><BR/>ABX was a break of 15 min. ORL. This one I talked about night before as being completely overbought. I said that smart money was going to take profit, so I just wanted to get ASAP. Look at daily chart of ABX in Wednesday's Technical Picture post.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-64063897592455741322008-12-19T08:01:00.000-05:002008-12-19T08:01:00.000-05:00Jamie,I see that you mix it up and use the 3 MIN c...Jamie,<BR/><BR/>I see that you mix it up and use the 3 MIN chart every once in a while as opposed to the 15, 5, or 1 as usual. How do you decide which timeframe to trade? Or do you have a chart of each up and just watch them all for a setup?<BR/><BR/>Thanks,<BR/>TylerTylerhttps://www.blogger.com/profile/10041866145486659876noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-25771865754935848112008-12-19T06:22:00.000-05:002008-12-19T06:22:00.000-05:00Oh and I forgot ... one more thing ;-)On your ABX ...Oh and I forgot ... one more thing ;-)<BR/><BR/>On your ABX trade same question as FWLT? Why short there -> initial stop placement where? -> initial target you were aiming for?<BR/><BR/>Thanks bro'<BR/><BR/>Timotimo4shohttps://www.blogger.com/profile/11664463739418994297noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-21661581349857570112008-12-19T06:16:00.000-05:002008-12-19T06:16:00.000-05:00Hey Jamie,once again brilliant trading. I have a q...Hey Jamie,<BR/><BR/>once again brilliant trading. I have a question concerning your FWLT trade. Once you shorted it below the 3pt pivot break from yesterday, where did you place your initial stop? The only logical point that makes sense is the prior relative high at around 27.85. Isn't this a bit too far away if you are going for a large R-multiple trade?<BR/><BR/>Also what target were you going for when you entered the second short?<BR/><BR/>Thanks so much!<BR/><BR/>Timotimo4shohttps://www.blogger.com/profile/11664463739418994297noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-85866109105424069752008-12-18T22:38:00.000-05:002008-12-18T22:38:00.000-05:00AT,That last swoon below the PDL was a bonus. Gue...AT,<BR/><BR/>That last swoon below the PDL was a bonus. Guess it had something to do with GE, the 800 lb. gorilla.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-59494299509582650872008-12-18T22:10:00.000-05:002008-12-18T22:10:00.000-05:00Beautiful job with the Naz today Jamie...almost ma...Beautiful job with the Naz today Jamie...almost makes me sick looking at your trades. :)<BR/><BR/>I had almost identical trendlines drawn on <A HREF="http://attitudetrader.blogspot.com/2008/12/1218-sim-3000-thu.html" REL="nofollow">my chart</A> for today but I couldn't get myself mentally turned around from the long position I had taken earlier in the day until late in the downmove.<BR/><BR/>Thanks for posting the charts because it really helps me confirm the hindsight analysis I did after the close today.<BR/><BR/>-ATAttitude Traderhttps://www.blogger.com/profile/05752366512528597916noreply@blogger.com