If you look at this first chart of AAPL (Apple, Inc.) you will see roughly a double top from yesterday’s high, and the first 30 min high today. Then you see a double top today between the second candle and the fifth candle. AAPL then drops and bounces along the ORL for a while, and two [...]
Archive for the ‘Uncategorized’ Category
A Tale of Two Tops.
Posted in Uncategorized on November 12, 2009 | 1 Comment »
The Strong Get Stronger.
Posted in Uncategorized on November 9, 2009 | Leave a Comment »
RIMM (Research In Motion, Ltd) continued it’s run today. I got a late start, but when I switched on my screen, the chart below was staring at me.
These are the trading set-ups you live for. The first bar is a large green candle on huge volume, and then you have a series of bars that [...]
The Importance of “R’s” in Trading.
Posted in Uncategorized on November 8, 2009 | 1 Comment »
We have talked in the past about the importance of using an “R” value for both your risk and your reward. If you select trades with a favorable “R” ratio (minimum 1 to 3 risk/reward), you can be wrong over 70% of the time, and still break even. And if you are right more than [...]
New Trading Tax Proposal…!
Posted in Uncategorized on February 22, 2009 | Leave a Comment »
It has come to my attention that a new tax on trading is being proposed….
”U.S. Congressman Peter DeFazio, introduced H.R. 1068: “Let Wall Street Pay for Wall Street’s Bailout Act of 2009”, which aims to impose a 0.25% transaction tax on the “sale and purchase of financial instruments such as stock, options, and futures.”
This tax [...]
Apple Inc. (AAPL) Re-visited
Posted in Uncategorized on January 30, 2009 | 1 Comment »
A while back I did a post about the possible direction of AAPL, and I thought I would take a chance to update it.
As you can see from the chart below, AAPL is still in a large descending triangle, that has taken four months to create.
On a technical basis, we have some contradictory info. The [...]
Apache Corporation (APA)
Posted in Uncategorized on January 28, 2009 | Leave a Comment »
APA gaped up, but immediately sold off. It bounced in a congested area, and on the second trip down to that area it put in a hammer right on support, on the 1-min chart. I entered on the break of the high of that candle. I covered half at a minor high and the rest [...]
Choppy week past.
Posted in Uncategorized on January 26, 2009 | 1 Comment »
I was light on posts last week because most of my trades at the end of the week just went nowhere. From reading some other blogs, they confirmed that it was a very choppy week, and thus my results were choppy at best. One area I have to work on is to better recognize when [...]
What a day…!
Posted in Uncategorized on January 20, 2009 | 1 Comment »
Did not trade today, as I was too wrapped up in the inauguration day coverage. First I have to say, no matter what party you belong to, it is a magnificent sight to see the peaceful transfer of of power in the greatest country in the world. Secondly, I have to say that it really [...]
Apple Inc. (AAPL) and Bank of America (BAC)
Posted in Uncategorized on January 15, 2009 | Leave a Comment »
I was not paying attention as much as I should have today because I “assumed” nothing would happen due to OEX tomorrow. Because of that, I missed some good, profitable, and easy set ups.
AAPL make a green hammer type candle that closes above the 5 MA (after a long basing period), on the the 13th [...]
Apple Inc. (AAPL) and Foster Wheeler (FWLT)
Posted in Uncategorized on January 14, 2009 | Leave a Comment »
Not feeling well so not much analysis. FWLT short, but realized I was right above the Fib after entry, so closed it at that point. Scalps on AAPL.
For more on what might be happening starting tomorrow in AAPL, see my recent post here.
