Happy Thanksgiving

Happy Thanksgiving!!!

May your stuffing be tasty. May your turkey be plump.
May your potatoes ' n gravy have nary a lump.
May your yams be delicious. May your pies take the prize.
May your Thanksgiving dinner stay off of your thighs.
MAY YOU ALL HAVE A BLESSED THANKSGIVING!

Away this week with the holidays. See you monday.

Squeeze - SSO

5 minute chart

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Stock: SSO 5 minute chart

Entry Bar: 22 after 12:45 PM
Entry Green Line: 23.17
Stop Red Line: 22.94
Result: 1/2 at 1R, stop to even trail rest with 8ema, scale out 1/4 ar 2R option -

Notes: Again this is a setup I have been experimenting for some time. I will not add this setup to my business plan unless it proves consistent and profitable for some time. http://howidaytrade.blogspot.com/search/label/New%20Squeeze%20Setup

-This is a quick hitter, get that pop on a nice consolidation break when the Bollinger Bands come out of the Keltner channels, look to see if there is some sort of consolidation on the 5 minute chart. Nice 123 pullback and green candle.

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.

Gap & Go Short- FRO

5 minute chart

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Stock: FRO 5 minute chart
Entry Bar: 2
Entry Green Line: 27.12
Stop Red Line: 27.54
Result: .53 to 2.12
Setup Grade: A
Notes: scale let some run all day

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.

This is good and so true - enjoy

Gap & 123 Pullback - MFE

5 minute chart

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Stock: MFE 5 minute chart

Entry Bar: 12
Entry Green Line: 28.13 short
Stop Red Line: 28.46
Result: 1.09 to 1.29
Setup Grade: B
Notes: scale as you go, nice resistance on the 200 ema

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.

Sling Shot - DRIV

15 minute chart

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Stock: DRIV 15 minute chart
Entry Bar: 20
Entry Green Line: 17.43
Stop Red Line: 16.87
Result: .24 to 1.30
Setup Grade: B
Notes: This sprang with the market, well beaten down. I scale out of these quickly, and let a little run

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.

Sling Shot - AMT

15 Minute Chart

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Stock: AMT 15 minute chart
Entry Bar: 7
Entry Green Line: 25
Stop Red Line: 24.33
Result: .25 to 1.00 with a break even for any remaining.
Setup Grade: B-
Notes: Not a great setup, liked the volume, I scale out of these quickly, and let a little run

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.

Great Movie to Rent - Trailer

Great movie to rent. True story. If you have ever had a personal run of bad luck, then you can relate. Just keep on moving.


Cinderella Man - Trailer

Double Dynamite - SYNA

15 Minute chart


30 minute chart

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Stock: SYNA 15 minute bar

Entry Bar: 13
Entry Green Line: 19.99 short
Stop Red Line: 20.14
Result: .30 to 1.19, hold some till close and stopped at entry
Setup Grade: B
Notes: I took the larger stop on the 30 minute. Scale out as you go, let the rest run all day with stop at entry. In this case scaled out 1/4, another 1/4 and last 1/2 stoped at even. Setup nicely on 30 as well.

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.

Free Fall - SYNA

5 Minute Chart

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Stock: SYNA 5 minute chart

Entry Bar: The green on dead middle of the page
Entry Green Line:19.06
Stop Red Line: 18.79
Result: .76 to 1.99 if you held some all day
Setup Grade: A-
Notes: Nice volume increase, would have taken the trade if I wasnt already in it with a short (see prior trade). Thought about getting out, it was such a nice setup, but I always stick with the rules.

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.

30 Minute breakdown - STO

5 minute Chart

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Stock: STO 5 minute chart

Entry Bar: 7
Entry Green Line: 16.33 short
Stop Red Line: 16.51
Result: .18 to .80 , let some run all day
Setup Grade: B+
Notes:

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.

Gap & Go Short- MBT

5 minute chart


15 Minute Chart

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Stock: MBT

Entry Bar: 2
Entry Green Line: 37.49 Short
Stop Red Line: 39
Result: Runs all day, scale as you go, monster gain
Setup Grade: B+
Notes: This is one I missed but nice setup on 5 minute or 15 minute chart

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.

To all Veterans, happy Veterans Day!!

This is a scene from the movie Gettysburg.

The 20th Maine was led by a man who was a teacher not a professional soldier. The 20th had lost half its men and now where on its way to protect the flank at little round top in Gettysburg. This group of men being address had refused to fight anymore due to the poor conditions. Chamberlain gave this uplifting speech. In the end the 20th would defend the Union flank in one of the most heroic battles in American History, the battle of little round top. If they gave in the the South would have swept over the Union's flank and we may not have an America today.

This is to all veteran's who have fought for this great country to keep us free and safe.

Gap & 123 Pullback - NEM

Daily chart

5 minute chart

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Stock: NEM 5 minute chart

Entry Bar: 8
Entry Green Line: 27.33
Stop Red Line: 27.16
Result: .24 to .55
Setup Grade: B-
Notes: whippy but nice support from the 5ema, room on the daily to go.

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.

Great Movie Clips

This is from Good Will Hunting - Classic Movie Scene

123 pullback - ICLR 30 minute chart

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Stock: ICLR 30 Minute chart

Entry Bar: 5
Entry Green Line: 24.51
Stop Red Line: 24.35
Result: .16 to .58
Setup Grade: A-
Notes: Like the setup to the 5ema. At 1r stop to even, would have been stopped after a small scale out.

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.

Gap & Go - IACI

5 minute chart



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Stock: IACI 5 minute chart

Entry Bar: 2

Entry Green Line: 17.51

Stop Red Line: 17.12

Result: .22 to .56 could hold some to close with stop at entry and stopped out

Setup Grade: B-

Notes: little risky with the market gapping down.

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.

123 pullback - BWP

Full Setup 15 minute chart


Setup before the result

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Stock: BWP 15 minute chart

Entry Bar: 10
Entry Green Line: 25.01
Stop Red Line: 24.81
Result: break even to .34
Setup Grade: B
Notes: After I make 1R I pull my stop to even. Like the 5ema support and rising markets

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.