Double Dynamite - CNQ

5 minute chart

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Stock:CNQ

Entry Bar:6
Time Frame: 5 minute chart
Entry Green Line: 73.55
Stop Red Line: 73.33
Result: .14 to .57
Setup Grade: B
Notes: Scale out as you go...like the small double narrow range bars..nice push for a small winner, daily still bullish...PPDI also had a nice Double Dynamite 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.

Wedge Buster - AMX

Daily Chart

5 minute Chart

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Stock:AMX

Entry Bar: 4
Time Frame: 5 minute chart
Entry Green Line: 50.19
Stop Red Line: 50.06
Result: .14 to .33
Setup Grade: B+
Notes: nice setup and risk reward ratio.......scale and hold some 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.

Gap and Go Short - SWN

Daily Chart

5 minute Chart

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Stock: UPL

Entry Bar: 2
Time Frame:5 minute
Entry Green Line: 43.87 SHORT
Stop Red Line: 44.29
Result: .47 to .79
Setup Grade: B
Notes: Here is a trade from Friday....Playing off the weakness from the day before a small short.

* 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

"There's nothing wrong with cash. It gives you time to think"- Robert Prechter


"The two most abundant elements in the universe are Hydrogen and Stupidity." - Harlan Ellison

Gap and Go Short - AEM

5 minute chart

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Stock:AEM

Entry Bar:2
Time Frame: 5 minute
Entry Green Line:56.45 SHORT
Stop Red Line: 56.93
Result: .35 to .75 or more if you let some run
Setup Grade: B
Notes: Scale out and let some run all day. Didn't like the Daily chart, but a weak market and very weak at 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.

123 Pullback - AMGN

Daily Chart

5 minute Chart

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Stock:AMGN

Entry Bar: 5
Time Frame: 5 minute
Entry Green Line: 59.68
Stop Red Line: 59.52
Result: .50 to .70
Setup Grade: B
Notes: Nice Daily Chart......Nice entry off the 20 after the pullback....can use the 20 as a trailing stop as you scale...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.

Quote of the Week

"The heights by great men reached and kept, were not attained by sudden flight, but they, while their companions slept, were toiling upward in the night." - Henry Wadsworth Longfellow

Gap and Go - UNH

Daily Chart

5 minute chart

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Stock:UNH

Entry Bar: 2
Time Frame: 5 minute chart
Entry Green Line: 34.16
Stop Red Line: 33.72
Result: .25 to .54
Setup Grade: B
Notes: All the insurance companies where moving this morning...took UNH for a quick play.. was also available on the pullback. Scale as you go especially with that strong 2nd bar.. Would have like more room on the Daily chart but still a strong stock.

* 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.

Flow Chart

I got this from a reader...thanks...too funny not to post

1 and 5 minute breakout - SBUX

5 minute chart

Daily Chart

One Minute Chart

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Stock: SBUX

Entry Bar: 3
Time Frame:5 and 1 minute chart
Entry Green Line:25.01
Stop Red Line: 24.85
Result: up to .37
Setup Grade: A-
Notes: Nice move on the Daily Chart, Five and one minute chart setup nicely. Scale out and hold some all day. Wait for the whole # to 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.

Gap and Short - KLAC

Daily Chart

5 Minute Chart

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Stock: KLAC

Entry Bar:2
Time Frame: 5 minute
Entry Green Line: 28.24 SHORT
Stop Red Line: 28.73
Result: Small stop
Setup Grade: B-
Notes: This wasn't a very good setup from the get go. The trade still went my way but I missed trailed my stop by a penny. First there was support on the daily chart and should have passed. I jumped a little with the weak market and nice red opening bar. After scaling out I should have moved my top to 28.32. I typed in 28.30 by accident and was stopped out by a penny. Great example of double checking your orders. KLAC never once hit at 28.32 and traded as low as 27.70

* 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.

The Pacific

While I've said Day Trading is the greatest game ever invented, having to compete with and out think thousands of traders world wide. All while maintaining your discipline through patience and focus, nothing compares to the game of war...the game of combat.

This new 10 part mini-series called the PACIFIC is a true story much like the series BAND OF BROTHERS. About real heroes who fought across the Pacific Ocean for this great country in World War II. The war wasn't won in a day, or a month or even a year....it took many years and multiple setbacks but the perseverance was unstoppable.

This is no different in becoming a successful day trader. Take it one day at time (much like the Americans took it one island at a time). Don't look at the $$$ just focusing on learning and taking baby steps (a doctor doesn't become a master surgeon in a month)....much like the turtle and the hair..too many traders get whipped out thinking its a sprint and not a marathon.

Quote of the Week

"No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation." - Robert Rhea

Gap Fade Short - STI

Daily Chart

15 Minute Chart

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Stock:STI

Entry Bar: 2
Time Frame: 15 minute
Entry Green Line:27.33
Stop Red Line: 28
Result: .23 to sell at end of day or stop to entry
Setup Grade: B
Notes: Big stop so buy less shares. I was looking to scale out at the 20SMA and then hold for the remaining of the day. Stop moved to entry. Nice gap after 'extended daily chart". When I fade I look for quick exits as you are technically fighting the trend.

* 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 - CAKE

Daily Chart

10 Minute Chart

5 Minute Chart

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Stock:CAKE

Entry Bar: 2
Time Frame: 5 or 10 minute chart
Entry Green Line:26.17
Stop Red Line: 25.86
Result: .25 to .75
Setup Grade: B+
Notes: Very Nice daily chart, scale as you go, enter on the 5 or 10 minute chart, hold some 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.

Gap and Go 15 minute - CTXS

Daily Chart -little extended

15 minute chart

5 minute chart

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Stock:CTXS

Entry Bar: 2
Time Frame: 15 minute
Entry Green Line:46.51
Stop Red Line: 46 or more aggressive on 5 minute chart
Result: .43 to .70
Setup Grade: B
Notes: Daily a little extended but nice green 15 bar and confirmation on the 5 minute 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.

123 Pullback short - TSL

Daily Chart

5 Minute under the 200SMA

15 Minute Pullback Setup to 20 and 200 SMA

15 minute Chart - Result

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Stock:TSL

Entry Bar:5
Time Frame: 15 minute
Entry Green Line:23.07
Stop Red Line: 23.33 over 5 minute 200 SMA
Result: up to .60 2R plus
Setup Grade: B
Notes: Weak on the daily after prior day red bar. Nice pullback on the 15 chart after gapping down. In checking the 5 minute chart wanted to be sure it agreed so moved stop above 200SMA. Holding all day. Nice example of making sure several time frames match up. Held all day and it work out as patience pays....but stick to those 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.

30 minute Breakout - RIMM

Daily Chart

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Stock:RIMM

Entry Bar:11
Time Frame:5 minute
Entry Green Line: 71.96
Stop Red Line: 71.53
Result:
Setup Grade: A-
Notes: Nice break on the Daily Chart, could have entered earlier on the hammer two bars earlier. Nice 3 touch and 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

"Success is going from failure to failure without loss of enthusiasm."
- Winston Churchhill

Gap and Go - ROST

Daily Break

5 minute

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Stock:ROST

Entry Bar:2
Time Frame: 5 minute
Entry Green Line: 50.52
Stop Red Line: 49.67
Result:
Setup Grade: A-
Notes: Scale out and let it 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.

Gap Fade - AKAM stopped

Daily Chart

5 Minute Chart

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Stock:AKAM

Entry Bar: 2
Time Frame: 5 minute
Entry Green Line: 27.80 Short
Stop Red Line: 28.15
Result: Stop
Setup Grade: B
Notes: Always getting questions like "do you have losing trades"....everyone does its part of the game. What separates the winners from the losers is how you manage them.

Gap up into 5th up day, over extended with bearish red first bar on the 5 minute chart....looking to exit some at high of previous day and gap fill. Nice setup but they don't all work out and this is why you STICK to your stop, there is always another day and another trade.

* 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 Breakout - HGSI

1 minute chart

Daily Chart

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Stock:HGSI

Entry Bar:
Time Frame: One Minute
Entry Green Line: 30.01
Stop Red Line: 29.63 or more aggressive 29.89
Result: .
Setup Grade: B+
Notes: On my watch list I like to put stocks with WRB's from the previous day that turn bullish. Nice 3 touch breakout with the strong market on the one minute chart. Scale out and ride some 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.

Gap and Go 10 minute - SNDK

Daily

10 minute chart

1 minute chart

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Stock:SNDK

Entry Bar:2
Time Frame: 10 minute chart
Entry Green Line: 31
Stop Red Line: 29.85 or more aggressive 30.59
Result: .38 to 1.75 if you held some all day
Setup Grade: B+
Notes: A go on many time Frames, gapping with the market...Scale as you go 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.