Quote of the Week

"In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten."
Peter Lynch

Missed Winner

1 minute chart

Daily Chart

(Double Click Picture for a Larger View)

.

Stock:WYN

Entry Bar: 7
Time Frame: 25.01
Entry Green Line: 25.01
Stop Red Line: 24.69
Result: missed trade..oh well
Setup Grade: B+
Notes: This is a great example of when you trade to not have distractions around you. On vacation, tracking WYN and was distracted for 30 seconds....trades takes off, ends up being a winner for the day...plus making quick trades off a laptop doesn't help. Missed money is better then lost money and never ever chase a trade!

Either way, nice break on the daily chart and setup on the one 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.

30 Minute breakout 1 minute chart - DNDN

1 minute chart - 3 different places to place a stop

Daily Chart

(Double Click Picture for a Larger View)

.

Stock:DNDN

Entry Bar: after 10:00 AM
Time Frame: 1 minute
Entry Green Line: 36.01
Stop Red Line: one of 3 places.
Result: up to 1.2
Setup Grade: B+
Notes: This is a trade a reader made...the 5 minute minute gap & go was a little extended on the 1 minute chart. He tracked the stock, using patience and discipline and saw a nice setup after the first 30 minutes. Waited for a break of the 36 whole number using the one minute chart to help time the entry. Could have used one of 3 places for a stop, depending on the risk factor.

* 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 123 pullback - MELI

5 minute chart

Daily Chart

(Double Click Picture for a Larger View)

.

Stock:MELI

Entry Bar:4
Time Frame: 5 minute chart
Entry Green Line: 63.51
Stop Red Line: 63.11
Result: 1.25 to 2.50
Setup Grade: B+
Notes:Nice pop and break on the daily chart. Nice little hammer on the 5 minute pull back.Not a perfect high/low pullback but a nice setup with the hammer Scale out and let the rest run until 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.

Quote of the Week

"Tough times never last, but tough people do." - Robert Schuller

E-Mini Breakout - ES

Emini ES - 5 minute chart plus Pre market

(Double Click Picture for a Larger View)

.

Stock:Emini ES

Entry Bar: 9:35 ...2nd bar
Time Frame: 5 minute chart
Entry Green Line: 1079.25
Stop Red Line: 1075.25
Result: 8 to 10 points
Setup Grade: B+
Notes: This is using pre-market data.....banging up on the 1079 area several times with a rising 20sma....after a gap up. I would have taken this after the break at open if I had picked up on the setup. Oh well it happens, missed money is better then lost money.

* 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 - LINE

5 minute chart

Daly Chart

(Double Click Picture for a Larger View)

.

Stock:LINE

Entry Bar:2
Time Frame: 5 minute
Entry Green Line: 29.66
Stop Red Line: 29.43
Result: .25 to .49
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 Fill and Go - ICE

Daily Chart

5 minute chart

(Double Click Picture for a Larger View)

.

Stock:ICE

Entry Bar: 2
Time Frame: 5 minute
Entry Green Line: 107.38 SHORT
Stop Red Line: 109.08
Result:
Setup Grade: B+
Notes: Ugly Daily Chart, gap right into 200SMA......nice 5 minute bar, scale as you go, stop to even and hold some until 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.

Just missing a big winner - AU short

5 minute chart

Daily Chart

(Double Click Picture for a Larger View)

.

Stock:AU

Entry Bar: 2
Time Frame: 5 minute
Entry Green Line: 39.63 SHORT
Stop Red Line: 40.01 (over the whole #)
Result: up to .22
Setup Grade: B
Notes: Scale as you go...stop to entry. Would have been stopped out on your remaining shares after moving your stop to entry.....as later it would run to the downside. It happens and its why we follow our rules and stick to our discipline. Daily chart was a mess and breaking down on the gap down this morning.

* 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

Anyone who has never made a mistake has never tried anything new.
- Albert Einstein

Gap and Go short - GILD

5 minute chart

Daily Chart

(Double Click Picture for a Larger View)

.

Stock:GILD

Entry Bar:2
Time Frame: 5 minute
Entry Green Line: 34.25 SHORT
Stop Red Line: 34.90
Result: .50 to 2.00
Setup Grade: B+
Notes: Weak market and daily chart...it ran all day...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.

30 minute inside bar - EL

60 minute chart

30 minute chart

(Double Click Picture for a Larger View)

.

Stock:EL

Entry Bar: 3
Time Frame: 30
Entry Green Line: 63.86
Stop Red Line: 63.61
Result:
Setup Grade: B
Notes: Nice setup and strong move on the daily chart (see 60 minute chart) Prior day congestion but like the hammer.

* 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 - BRCM

5 minute chart

Daily Chart

(Double Click Picture for a Larger View)

.

Stock:BRCM

Entry Bar: 2
Time Frame: 5 minute
Entry Green Line: 36.49
Stop Red Line: 36.08
Result: .19 to .34
Setup Grade: B+
Notes:Nice 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.

30 Minute Chart inside bar - BJ

30 minute chart

Daily Chart

(Double Click Picture for a Larger View)

.

Stock: BJ

Entry Bar: 3
Time Frame: 30 minute chart
Entry Green Line: 44.08
Stop Red Line: 43.65
Result: .35 to .50
Setup Grade: B+
Notes: Wide stop but nice setup with a strong daily chart. Scale out as you go and close 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 Fade Short - TSCO

Daily Chart

5 minute chart

(Double Click Picture for a Larger View)

.

Stock:TSCO

Entry Bar: 3
Time Frame: 5 minute
Entry Green Line: 66.54 SHORT
Stop Red Line: 67.03
Result: .64 to 1.04
Setup Grade: B+
Notes: Gap up into a weak daily chart full of congestion. Nice red bar. Scale out and move 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 15 minute - AMT

15 minute chart

1 minute chart

Daily Chart - Bullish

(Double Click Picture for a Larger View)

.

Stock:AMT

Entry Bar: 2
Time Frame: 15 minute chart
Entry Green Line: 45.61
Stop Red Line: 45.17
Result: up to .30
Setup Grade: B
Notes: Use the one minute chart to help time an entry...Daily chart is bullish...scale and stop to even, still in the trade after some scaling.

* 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.

Awesome - World Cup Soccer after Goal