Oct 8

The worst trading days always lead to the most trades. It shouldn’t be that way, but it is.

In stocks, I had 4 trades for 3 wins and 1 loss. In ES, I made 5 trades, for 3 wins and 2 losses. I’m still not trading ES like a pro, though. Gotta get better at it. I’m having a great time programming TS strategies and backtesting them, though. I took the time to learn how to do that this weekend. Turns out it’s really easy. The hard part is making a strategy that backtests profitably. I found one ES strategy that works reliably on the short side over the last 5 months. So, I’ve got that running now to give me a heads up when those trades happen. It’s not set to automatically execute trades, though. I want to push the button myself for now, anyway. Hopefully we’ll get some of those trades soon, so I can show them off. There were no signals for that strategy today.

You can see on the stock trades that I made an inticator that points out box formations, so I can try out box plays more often (I find them harder to spot than triangles sometimes). I traded one .50 box today, but I used a very tight stop instead of the full .50 stop. You might say that was a mistake because that meant I had to take two entries (1 stop-out and 1 win) instead of just having a single winner. After all… the box play never loses money! I swear, that thing’s unstoppable!

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Mar 1

This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com


I traded COGN today after it gapped down with the rest of the market, then started to show strength above its’ previous day high. A hammer formed at the 5 EMA. I exited as it showed weakness after a fairly wide range bar that was unable to take out the HOD. The market looked tired as well after SPY and QQQQ completed the gap fill.
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This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com


Dec 6

Today’s example of yet another OR high == yesterday’s HOD setup comes from Cognos Inc (Nasdaq: COGN):

COGN Example

… I was lucky enough to spot this one in time, but stayed out. I wanted to do the wait-and-see thing because it wasn’t doing as much volume as the other examples I had seen, and the negative overall market mood and negative nasdaq TICK. But, I should have just believed in it, I guess. I suppose it could fail from here, but it’s held up well thus far. I have yet to see an example of this setup that has failed without giving at least some profit first. I’m sure they are out there; I just haven’t found one.

[update 11:26 EST: it just hit 44.00, so I would put this firmly in the "didn't fail" category, no matter what happens from here]

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