Quote of the Week

I'm a great believer in luck, and I find the harder I work the more I have of it.

- Thomas Jefferson

Taking a break - Merry Xmas

Taking a week or so off between now and the New Years.

X-mas is by far my favorite time of the year (next to NFL playoffs)

This is a great scene from the movie Fred Claus. I like this scene because no matter our age X-mas brings out the child hood in all of us. Here Kevin Spacey (4 eyed Clyde) is out to end Xmas but that is all changed with a 35 year old gift.

"There's nothing sadder in this world than to awake Christmas morning and not be a child."
~ Erma Bombeck (1927-1996), American author and humorist.

Gap Fill and Go Short - WAG

10 Minute Chart

5 minute chart

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Stock:WAG 3

Entry Bar: 2
Time Frame: 10 minute chart
Entry Green Line: 36.49
Stop Red Line: 37.30
Result: .82 to 1.39
Setup Grade: B
Notes: Nice break on the 3rd bar and with restistance of 200 SMA on the 5 minute. Use the 5 minute bar to help time your entry. Scale as you 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.

Quote of the Week

I've never been poor, only broke. Being poor is a frame of mind. Being broke is only a temporary situation.

- Mike Todd (movie producer 1903-1958)

Gap Fill and Go Short - BDX

5 minute chart

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Stock:BDX

Entry Bar:2
Time Frame: 5 minute chart
Entry Green Line:74.99 Short
Stop Red Line: 76.02
Result: .86 to 1.49
Setup Grade: B
Notes: I like to wait for the whole # to break when close to entry point, as many times this is support. Scale out as you go, and hold some all day and sell at the close.

* 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 Outside Range Breakdown - CDE

15 Minute Chart

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Stock:CDE

Entry Bar: 8
Time Frame: 15 minute
Entry Green Line: 18.60 SHORT
Stop Red Line: 18.80 or more conservative 18.95
Result: .06 to .20
Setup Grade: A-
Notes: Scale as you go, very weak market, big break down on the Daily. Could have caught a nice chunk on a gap and short 5 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.

Avatar

Look forward to seeing this movie. Has high reviews. Left a trade setup over on Facebook.

30 Minute Outside Range Breakout - LEAP

5 minute chart

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Stock:Leap

Entry Bar: 18
Time Frame: 5 minute
Entry Green Line: 16.23
Stop Red Line: 15.99
Result:
Setup Grade: B+
Notes: scale out, hold some all day nice 123 breakout of the 30 minute outside range.

* 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 and Go - SAI

5 minute chart

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Stock:SAI

Entry Bar: 2
Time Frame: 5 minute
Entry Green Line: 18.94
Stop Red Line: 18.61
Result: .07 to .26
Setup Grade: B+
Notes:Nice push on the Daily, small gainer, always scale out and maintain your stops

* 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.

Quote of the Week

The market is a voting machine, whereon countless individuals register choices which are the product partly of reason and partly of emotion.

- Graham & Dodd

The Tiger Woods Family Christmas Album

Tiger Woods Holiday Card



Funny Must listen to this

1 minute chart Breakout, - CBS

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Stock:CBS

Entry Bar: 4
Time Frame: 1 minute
Entry Green Line: 13.60
Stop Red Line: 13.51
Result: sold .25
Setup Grade: B+
Notes: This is from Monday, again just havent had time as of late to post. Here is a one minute chart breakout.

* 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.

Sorry for the Delay

Sorry for the lack of charts posted. Tough time of the year with Xmas parties ect.....

Will try and post a chart from Monday and today sometime tonight.

Thanks

Quote of the Week

Life is an illusion. You are what you think you are.

- Yale Hirsh

Gap and Go Short - TOL

5 minute chart

Daily Chart

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Stock:TOL

Entry Bar: 2
Time Frame: 5 minute chart
Entry Green Line: 18.66 Short
Stop Red Line: 18.92
Result: Break even to .44
Setup Grade: B+
Notes: Nice drop on the Daily, this is one of those trades where you can catch a little and get shaken out. Missed money is better then lost money. Always maintain your stops and don't give away those profits.

* 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.

Chutzpah

Chutzpah is a word meaning gall, brazen nerve, effrontery, sheer guts plus arrogance; its Yiddish and, as Leo Rosten writes, no other word, and no other language, can do it justice. This example is better than 1,001 words...

A little old lady sold pretzels on a street corner for 25 cents each..

Every day a young man would leave his office building at lunch time, and as he passed the pretzel stand, he would leave her a quarter, but never take a pretzel. This went on for more then 3 years. The two of them never spoke.

One day, as the young man passed the old lady's stand and left his quarter as usual, the pretzel lady spoke to him.

Without blinking an eye she said: "They're 35 cents now."

Gap and Go - SPLS

5 minute chart

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Stock: SPLS

Entry Bar: 2
Time Frame: 5 minute
Entry Green Line: 24.25
Stop Red Line: 23.77
Result: .11 to .43
Setup Grade: B+
Notes: Nice little break on the Daily 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.

No Trade Today = Victory

Never thrilled about trading after a short trading day (Fridays markets closed at 1PM)

Nothing setup so I passed on the day after observing for the first few hours.

Now many novice traders will look at this as a defeat. I can remember this feeling when I was learning to trade. I had the mindset that I had to make a trade or I wasn't being productive...which in terms of dollars usually meant a loss on the day.

This is actually a victory in four accounts.

1. You preserved your capital
2. You didn't lose money
3. You control the mindset of Greed, by maintaining your discipline
4. You gained another day of experience by watching how the markets move without paying a tuition.

A reader sent me this, in a way sad but true. Fort Hood was quite disturbing and political correctness paid a big price.

SS0 - one minute chart

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Stock:SSO

Entry Bar: 8
Time Frame: One minute chart
Entry Green Line: 36.19
Stop Red Line: 35.76

Notes: Had some questions on using the one minute chart relating to Fridays trade of SSO. It set up nicely for a break. One minute charts can be a valuable timing tool if used correctly. Several touches at the 5 minute mark before a break.

* 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.

Quote of the Week

I had an unshakable faith. I had it my head that if I had to, I'd crawl over broken glass. I'd live in a tent, it was gonna happen.

And I think when you have that kind of steely determination....people get out of the way.

- Rick Newcombe

Gap Fade - SSO

5 minute chart

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Stock: SSO

Entry Bar: 2
Time Frame: 5 minute
Entry Green Line: 36.19
Stop Red Line: 35.76
Result: .37 to .97
Setup Grade: B+
Notes: Scale as you go. I like looking for these setups on big gaps on news. Was going to take the day off from trading until I saw the big gap so I hung around looking for a setup.

* 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.

Happy Thanksgiving

Great No Trade

Daily Chart

5 Minute Chart

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Stock:NFG

Entry Bar: NO Trade
Time Frame: 5 minute
Entry Green Line: 22.99 short
Stop Red Line: 23.55
Result: NO TRADE
Setup Grade: B+
Notes:Gapping down near a support line and break point, under the 200 sma (purple line on daily chart). Would have entered if it broke its whole number 23. Many times I will wait if my entry point is near a whole number this can be support/resistance. Rather miss out on a small amount then get burned big.

* 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.

1 minute Chart Inside Bar Breakout - BRCD

1 Minute Chart

Daily Chart

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Stock:BRCD

Entry Bar: 2
Time Frame: one minute chart
Entry Green Line: 7.48 SHORT
Stop Red Line: 7.61
Result: .19 to .22
Setup Grade: B
Notes: Usually don't play with stocks in this price range but liked the daily chart. Scale as you 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.

1 minute Chart Inside Bar Breakout - WLP

One minute Chart

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Stock:WLP

Entry Bar: 3
Time Frame: one minute chart
Entry Green Line: 54.00
Stop Red Line: 53.78
Result: .36 to .50
Setup Grade: B+
Notes: Must be quick and control your exit and stop points. Scale as you 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.

Quote of the Week

Give me a stock clerk with a goal and I will give you a man who will make history. Give me a man without a goal, and I will give you a stock clerk.

- James Cash Penny (J.C. Penny Founder)

Gap and go Short - NE

One Minute Chart

5 Minute Chart

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Stock:NE

Entry Bar: 2
Time Frame: 5 minute chart
Entry Green Line:40.48
Stop Red Line: 41.44 conservative or 40.74 more risky
Result: up to 1.60
Setup Grade: B
Notes: Here is a great example of letting a winner run as you scale out. The day before took a small loss on a gap and go short. Today, with the timing of the one minute chart, took a nice winner that is still running. One could use the more conservative stop at the high of the day or use the one minute chart for a more risky/high reward trade. Scale as you go and be sure you are out at the end of the 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.

Gap and go Short - MCHP

5 minute chart

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Stock:MCHP

Entry Bar: 2
Time Frame: 5 minute chart
Entry Green Line: 25.46 short
Stop Red Line: 26.12
Result: small loss to even
Setup Grade: B+
Notes: Small loss to break even depending on how you place and trail your stop. This is a great example of trade management of a setup that looks great after 5 minutes and then just stalls. Not every trade is a winner, keep the losses small and the winners will come.

* 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.

1 minute chart gap and go - CAKE

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Stock:CAKE

Entry Bar: 11
Time Frame: one minute chart
Entry Green Line: 19.72
Stop Red Line: 19.55
Result: break even to .29
Setup Grade: B
Notes: scale as you go and get that stop to even.

* 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.

HNT one minute chart - Inside bar breakout

Daily Chart

1 Minute Chart

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Stock: HNT

Entry Bar: 3
Time Frame: One minute chart
Entry Green Line: 19.84
Stop Red Line: 19.73
Result: .32 to .39
Setup Grade: B
Notes: Nice gap and move on the Daily. This is quick play not for new traders. Took a 5 minute gap and go in the same stock for a small loss.

* 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 Fill and go - CIEN

5 Minute Chart

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Stock:CIEN

Entry Bar:2
Time Frame: 5 minute
Entry Green Line: 13.31
Stop Red Line: 12.95
Result: .24 to .44 or more
Setup Grade: B
Notes: Scale out 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.

15 minute candlestick breakout - TSL

15 minute chart

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Stock:TSL

Entry Bar: 5
Time Frame: 15 minute chart
Entry Green Line:41.01
Stop Red Line: 40.83
Result: .32 to .74
Setup Grade: B+
Notes: 52 week high on nice volume, scale as you go and get the stop to even. Alot of setups today in this bullish market.

* 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.

Quote of the Week

Become more humble as the market goes your way.

- Bernard Baruch

BAX 1 minute chart - Inside Bar Breakdown

1 minute chart

Daily Chart

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Stock:BAX

Entry Bar:3
Time Frame: 1 minute chart
Entry Green Line: 56.26 SHORT
Stop Red Line: 56.86
Result:
Setup Grade: B+
Notes: Looking for a reason to short if the previous days low was taken out. I posted a Daily Chart of WMT on facebook as a possible trade I may be looking for tomorrow.

* 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.