A higher low after the gap up and it held (holding pretty well). Pretty much a hedge against the RIMM trade. If the market moves up from here DIA...
02/26/09 10:19 800 DIA BUY 73.47 STOP 73.22 TGT 73.97
This is a lower high set up on the 5 min chart, and RIMM is weak compared to the QQQQ. The daily chart is weak too and after a 2 day rally, then a...
02/26/09 10:07 500 RIMM SHORT 41.30 STOP 41.70 TGT 40.50
02/26/09 Thurs a.m.: Markets still look unsure which way they want to go based on the daily charts...still stuck in the base. With the...
Mike, First, thanks for following the thread. I hope it is helping you out. Second, you are correct that the patterns I take are VERY simple and...
02/25/09 : Total P/L + 926.75 2 trades: 2 wins
I don't really need the extra leverage trading SPY or DIA because I am usually only in 1-2 trades at a time. I like the way SPY and DIA give a...
13:47 600 SPY EXIT 76.99 P/L +382.55
Playing the 5 min higher low. SPY is not trending intraday, but I still have the long bias after yest. The TGT looks attainable, the next...
02/25/09: 13:33 600 SPY BUY 76.33 STOP 76.00 TGT 76.99
11:47 800 SPY EXIT 76.91 P/L +544.20
Still have a long bias after the strong move up yest. Playing the higher low on the 5 min chart, after the 10:40 selloff SPY did a 100%...
02/25/09: 11:21 800 SPY BUY 76.21 STOP 75.96 TGT 76.71
02/25/09 Wed. a.m. : I'll be looking for at least alittle bit of follow through to yesterdays strong move. Still strictly in scalp(daytrade)...
02/24/09: Total P/L + 571.53 3 trades 2 wins 1 loss
15:12 800 DIA EXIT 73.49 +394.90
Playing the higher low on the 5 min chart. The target will have to be past the HOD, but it looks like a trend day up so far.
02/24/09: 14:55 800 DIA BUY 72.98 STOP 72.73 TGT 73.48
mike, That's the whole key for me, to do the same patterns over and over again. Glad to see someone following the charts w/ me:D
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