Break From Blogging -Happy Holidays

See you some time in the new year....need a break, its been 3 plus years!!

Happy Holidays!!

Emini breakout - ES

Daily Chart

5 minute chart

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Stock: ES emini

Entry Bar: 11:50 AM
Time Frame: 5 minute
Entry Green Line: 1201.50
Stop Red Line: 1999.50
Result: out 1205 to 1207 area
Setup Grade: B+
Notes: Big gap up on the Daily Chart and break out of a trend. This is when i look for breakouts on an intra day chart with the 3 touch rule. Had room to run to price resistance at 1207. Nice support from 20SMA.

* 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 - Rimm

Daily Chart

5 minute chart

1 minute chart

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Stock: RIMM

Entry Bar: 2
Time Frame: 5 minute chart
Entry Green Line: 60.37
Stop Red Line: 59.57 or 59.84 on one minute chart
Result: up to .59
Setup Grade: B+
Notes: Weak day, looking for a bounce and nice pop on RIMM at the opening. Daily confirms some sort of run. I show a one minute chart to help time your entrance. Scale out and get the stop to entry.

* 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 - GES

Weekly

5 minute chart

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Stock:GES

Entry Bar: 2
Time Frame: 5 minute chart
Entry Green Line: 49.60 SHORT
Stop Red Line: 50.19
Result: up to 1.30
Setup Grade: B
Notes: while it looks like a bullish chart on the daily (which it is) the weekly running right into resistance on spike up. Looking to get out majority at the 200 SMA and let some run all day with stop at entry.

* 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 Gap and Go

Daily Chart

15 Minute chart

5 minute chart

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Stock:DECK

Entry Bar:2
Time Frame: 15 minute chart
Entry Green Line: 67.78
Stop Red Line: 67.25 using 5 minute chart
Result: up to 1.20
Setup Grade: B
Notes:Strong daily and could be looked at as a little extended. Nice gap up, pull back and hammer off 5 and 15 minute 20sma. Scale out as you go. Nice pop

* 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 - QGEN

5 minute chart

Daily Chart

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Stock:QGEN

Entry Bar: 2
Time Frame: 5 minute chart
Entry Green Line: 19.17
Stop Red Line: 19
Result: up to .34
Setup Grade: B
Notes: Not the best daily chart but took it as a breakout with the markets gapping up strong. Scale out as you go, hold some until close or entry price is hit.

* 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.

NQ Emini gap fill

60 minute chart

Daily Chart

5 minute chart

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Stock:NQ emini

Entry Bar: at the open
Entry Green Line: 2148
Stop Red Line: above 600 SMA for more risky play or 2168 to give it room on this bearish setup.
Result: close at gap fill +15
Notes: This is from yesterday......Take a look at 60 minute chart...trend down...daily chart rolling over...and under the 600 SMA on the 5 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.

Gap Fade Short - CL

Weekly

Daily

5 minute chart

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Stock:CL

Entry Bar: 9:50 AM
Time Frame: 5 minute chart
Entry Green Line: 78.84
Stop Red Line: 79.02 or 79.51
Result:
Setup Grade: B
Notes: Market Trend is down, gaping into weekly and daily resistance. Nice run up on 5 minute chart. Can place stop one of two places. I like to use larger stops to give it some room. Scale out 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.

Gap Fade Short - A

Weekly Chart

5 minute chart

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Stock:A

Entry Bar: 10:00 AM EST
Time Frame: 5 minute bar
Entry Green Line: 37.06 Short
Stop Red Line: 37.56
Result: up to 1.21
Setup Grade: A-
Notes: Scale as you go....Would have hung on to this all day until close with week market and run up on 5 minute chart...See weekly chart, tracking since the open.

* 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.

AAPL gap fill short

5 minute chart

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Stock:AAPL

Entry Bar: 10:25 EST
Time Frame: 5 minute chart
Entry Green Line: 317.75 SHORT
Stop Red Line: 318.40
Result: still running
Setup Grade: B+
Notes: fills its gap on a very week day...Tech week due to cisco...nice red bar at the gap close. Scale as you go and let some run all day. Had it on my screen and didnt take it!! Thats what happens when you are following so many charts!

* 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 Fade Short - SI

Weekly

Daily

5 minute chart

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Stock:SI

Entry Bar: 2
Time Frame: 5 minute chart
Entry Green Line: 116.79 short
Stop Red Line: 117.51 (pre market high)
Result: up to .85.
Setup Grade: B+
Notes: Larger stop to give it some room to run. See weekly and Daily charts and its run into confluence, gap up with weak market today. Looking to short and scale out as you go. Stop to entry after at least a 1/2 r gain.

* 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 Fade - CIG

Weekly Chart

Daily Chart

5 minute chart

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Stock:CIG

Entry Bar: 2
Time Frame: 5 minute chart
Entry Green Line: 18.09 SHORT
Stop Red Line: 18.20
Result: up to .38
Setup Grade: B+
Notes: Weak market at the open. Stocking gapping at the open but into major confluence on the Weekly Chart. Daily had been strong and pulling back, when you peak over at the weekly chart you see at a near a top. Red bar is the signal and go. Goal is near the open, scale out 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.

Gap Fade - FWLT

Daily Chart

5 minute chart

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Stock:FWLT

Entry Bar: 3
Time Frame: 5 minute chart
Entry Green Line: 27.77
Stop Red Line: 28.01
Result: up to .85
Setup Grade: B+
Notes: After large run up moved into resistance area...see daily chart. Filled the gap from back in Mid May. Scale out and watch out for move back up once it falls back to support.

* 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 - SNDK

Daily Chart

5 minute chart

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Stock:SNDK

Entry Bar: 2
Time Frame: 5 minute
Entry Green Line: 40.89
Stop Red Line: 40.49
Result:
Setup Grade:
Notes: Nice base the prior day, seems like this market will never stop moving....trending markets make for nice gap and goes. 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.

60 minute chart

5 minute chart

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Stock:NQ emini

Entry Bar: 9:45 red bar
Time Frame: 5 minute chart
Entry Green Line: 2184 Short
Stop Red Line: 2187
Result: out 77 consolidation
Notes: top of the channel on 60 minute NQ...market strong ...but I was looking for a pullback at open.

* 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 Fade - PDE

Daily chart

5 minute chart with pre market

1 minute chart

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Stock:PDE

Entry Bar: 2
Time Frame: 5 minute
Entry Green Line: 32.85 SHORT
Stop Red Line: 33.25 using one minute chart
Result: up to .61.....stop at even or close at end of the day
Setup Grade: B+
Notes: Gapping into Daily chart resistance, and weak all pre-market. Dont see much of a push for anything until FOMC meeting today at 2. Scale out, 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.

Gap and Go - RAX

Daily Chart

5 minute chart

1 minute chart

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Stock:RAX

Entry Bar:2
Time Frame: 5 minute chart
Entry Green Line: 26.19
Stop Red Line: 25.84
Result: 1.00 to 1.50
Setup Grade: A-
Notes: Nice Daily Chart...and consolidation on 1 minute chart...stock was popping up on the premarket gappers. You dont get many of these huge runners but when you do they pay off.

* 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.

Takin a few days off - enjoy video

Taking a few days off from blogging.....awesome new movie THE FIGHTER

A real life Rocky story........its true story of never giving up and going after your dreams.

Trading takes time and patience.....and its a game for the turtle not the hair.....so stick with it and learn to take one day and trade at a time.

ES emini end of day breakout

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Stock:Emini ES

Entry Bar: 2:15 PM
Time Frame: 5 minute
Entry Green Line: 1777
Stop Red Line: 1775
Result: up to 5.5 or sell at 4:00 pm
Setup Grade: A-
Notes: Small risk..... Stronger of the two indexes, was looking for a run at the end of the day after a tight two hour consolidation. Nice support from 20sma....Markets still in an uptrend.

* 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.

Emini ES - Fade

Longer view see the down trend and bounce to the 200SMA

Setup

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Stock: Emini ES

Entry Bar: 11:30
Time Frame: 5 minute
Entry Green Line: 1172.25
Stop Red Line: 1174
Result: up to 8 points
Notes: Very nice pullback to the 200sma and red candle. ES was very weak this morning compared the NQ. Nice risk reward.

* 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.

NQ emini - two trades

Was looking to short today....market didn't get much of a pop off 8:30 news and the markets where weekend over night...plus with big run up my leaning was a pullback. Two trades....a small loss and a winner. There where several other short opportunities as well.

First trade - a gap and go

Stock: NQ emini

Entry Bar: 9:35
Time Frame: 5 minute chart
Entry Green Line: 2054 Short
Stop Red Line: 2057
Notes: stop out at entry, original entry or trailing stop...either not much to gain, less contracts with larger stop......regroup an look for reentry. Considered a stop above 200SMA with gap to fill.

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Stock: NQ emini

Entry Bar: 10:55
Time Frame: 5 minute chart
Entry Green Line: 2058.50 Short
Stop Red Line: 2060.75
Result: 10 points at 600 SMA
Notes: nice tight stop at 200SMA with a short bias, can scale out 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.