Archive for December, 2008

Daytrading Setups, Targets, Stops, Candles

December 31, 2008

Setups
Consolidation Breakouts (Reverse for Shorts)

20/50 cross should have happened.
Price should be above 20MA on the Daily Charts
Price above 20 MA on 5 min.
Stochastics should show bullish divergence
Buy the BO
Buy retracement BO (Flag, or pennant BO) based on candle patterns.
Stop below previous higher low, or below consolidation zone, or [...]

My Model Setups With Annotations

December 25, 2008

Here are links to some of my annotated charts
Daytrades

Daytrade on a Double Top/H&S breakdown Strategy (AIV)

Consolidation area Breakdown (AAPL)
Massive Uptrend Breakdown (AB)
Descending Triangle Breakdown (ACI)  – Alert & Nimble Trade
Consolidation support Breakdown (AKS)
Avoiding a Failed Trade (AMG)
Trend Continuation Trade (AMZN)

Good clean TAZ trade (ANR)

Weekend & Weekday Workflow

December 18, 2008

Weekend Workflow
Here’s a list of things I follow over the weekend to prepare for the week ahead -

Top Down sector analysis

I track the leading/lagging sectors for the week here.
Then I pick interesting sectors from this list and add/update to my weekly sector list here (bullish) & here (bearish).
Then I zoom in to the individual sectors [...]

DayTrading Results

December 5, 2008

Today, Dec 5, 2008, was my first official day of daytrading. I will be adding results here on every single day that I day trade, in order to accurately track my progress.
Dec 5, 2008:       +1740.94,         Cumulative Total :  +1740.94
Dec 8, 2008:       +1167.85,          Cumulative Total :  +2908.79
Dec 9, 2008:           -498.36,          Cumulative Total :  +2410.43
Dec 10, 2008:      [...]