Swing Trade - Short S&P 500 index

Getting more request to post swing trades and Emini....this is what I will focus on with the blog for the near future.

Daily Chart

5 minute chart to time entry

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Stock:SDS Ultra short S&P 500 (if index goes down this ETF goes Up)

Entry Bar: Timed entry using 5 minute chart
Time Frame: Daily using 5 minute chart to help time entry
Entry Green Line: 29.00
Stop Red Line: A close below 28.73
Notes: We have had a huge run over the past month. Looking for a pullback at least half way. Nice risk/reward area. Will take stop with a close below the low of 28.73. What I liked is we are finally consolidating after the run.....can go one of two ways....break out up or breakdown/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.

Gap n Go - RIG

Daily Chart

5 Minute Chart

1 minute chart

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Stock:RIG

Entry Bar: 2
Time Frame: 5 minute chart
Entry Green Line: 61.90
Stop Red Line: 60.75
Result:
Setup Grade: B
Notes: Nice Daily Chart, wide stop so buy with less shares. I like the one minute consolidation 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.

EMINI Fade - Winner and a Loser

Stopped out - Trade 1

Trade 2 - Fade

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Stock:ES Trade 1
Time Frame: 5 minute
Entry Green Line: 1128 SHORT
Stop Red Line: 1129.75
Result: Stopped out
Notes: Red reversal bar at 200SMA, stopped out.

Stock:ES Trade 2
Time Frame: 5 minute
Entry Green Line: 1130.50 SHORT
Stop Red Line: 1132.75
Result: scale out at +4 and +10
Notes: Red reversal bar at 600SMA, scale out and let it run. Be sure to sell at 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.

NQ Globex High Fade

5 minute chart showing Globex high

5 minute chart

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Stock:NQ emini

Entry Bar:5
Time Frame: 5 minutes
Entry Green Line: 1991 Short
Stop Red Line: 1994.75
Result: up to 12 points
Setup Grade: B+
Notes: Fade the Globex High, nice red candle and at the NQ average daily range. Scale out sell at confluence or high of next bar.

* 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 Fade 2000 level

Daily Chart

5 minute chart

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Stock:NQ emini

Entry Bar: Red bar at 2000 level @ 2:45
Time Frame: 5 minute chart
Entry Green Line: 1997
Stop Red Line: 2000.25
Result: plus 3.5 plus 12 points
Setup Grade: A
Notes: Major price level, 2000......nice hammer....scale out and close out of all contracts 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.

Gap and Go Short - X

Daily Chart

5 minute chart

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Stock: X

Entry Bar: 2nd
Time Frame: 5 minute trade
Entry Green Line: 44.86 short
Stop Red Line: 45.60...could use one minute chart for better stop placement
Result: break even to .50
Setup Grade: B
Notes: Was looking short at the open and I was wrong, lucky this was a break even to minor win. Not the best daily chart but weak at the open. Scale as you go and 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.

Quote of the Week

I've lost tremendous amounts of money in various markets and I think that that's something that makes you better at my job, not worse. - Jim Cramer

15 miunute Gap & Go - FSLR

5 minute chart consolidation

15 minute chart

Daily chart

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Stock:FSLR

Entry Bar: 2
Time Frame: 15 minute
Entry Green Line: 142.01
Stop Red Line: 141.39
Result:
Setup Grade: B
Notes: Consolidating on the 5 minute chart and a break on the daily chart. 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 and Go - PLL

1 minute chart

5 Minute Chart

Daily Chart

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Stock:PLL

Entry Bar: 2
Time Frame: 5 minute chart
Entry Green Line: 39.90
Stop Red Line: 1 minute chart - 39.37 or 5 minute: 39.67
Result:
Setup Grade: B+
Notes: Nice break on the Daily Chart......Could use 3 places for a stop. 1) Low of first 5 minute bar.....2) Low of 2nd 5 minute bar (entry bar)....3) 1 minute chart

The smaller the stop the less shares to take.

* 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 - CBRL

Daily Chart

5 minute chart

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Stock: CBRL

Entry Bar: 3
Time Frame: 5 minute chart
Entry Green Line: 50.40
Stop Red Line: 50.08
Result:
Setup Grade: B+
Notes: scale as you go, nice wedge on 5 minute chart with breaking 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.

Gap and Go - FCX

Back after a two week break from Blogging!

Daily Chart

5 Minute Chart

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Stock:FCX

Entry Bar: 2
Time Frame: 5 minute chart
Entry Green Line: 81.19
Stop Red Line: 80.49
Result: up to 1.23
Setup Grade: B+
Notes: Strong Morning, nice daily chart, scale as you go hold some 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

I would never have amounted to anything were it not for adversity. I was forced to come up the hard way. - J. C. Penney

Quote of the Week

The world breaks everyone, and afterward, some are strong at the broken places. - Ernest Hemingway