Tuesday, September 23, 2008

Dummy Trades - Follow the Market

CRR from the Trade-Ideas scanner - Short Trader's Paradise. Multiple alerts on this name so I added it to my focus list. Waited to see how it would pause - consolidation or retracement. NR consolidation usually leads to continuation.

JOYG from the WL -Early entry on inverted C&H because of 1st level support not too far away. Measured move was easily reached but I covered at each support level. Long entry after new base forms.

4 comments:

Tyler said...

Jamie,

Great trades today! I had never seen Short Trader's Paradise, so I will be experimenting with that tomorrow.

You always get into those multi-dollar moves and they are just perfect.

Thanks,
Tyler

Jamie said...

Thanks Tyler,

Re: short trader's paradise, I have made a few modifications to the original scan. But key here is to focus on alerts of stocks with NR the previous day. Those have a better chance of printing early and running.

QQQBall said...

JOYG - whatta beautiful trade. was to flip & go long too!

Jamie said...

Thanks QQQ,

Good setups are getting harder and harder to find.