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.
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4 comments:

  1. TylerSep 23, 2008, 11:19:00 PM

    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

    ReplyDelete
  2. TJSep 23, 2008, 11:37:00 PM

    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.

    ReplyDelete
  3. QQQBallSep 24, 2008, 10:32:00 AM

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

    ReplyDelete
  4. TJSep 24, 2008, 10:56:00 PM

    Thanks QQQ,

    Good setups are getting harder and harder to find.

    ReplyDelete