Friday, August 14, 2009

Individual stocks requested by readers

Please keep in mind the following three points before I outline buy/sell/stop entries for requested individual stocks.

1) This is for education purpose only, not for any investment or trading advices.
2) The new system trades 2 hours time frame, which is designed for swinging positions ranging from 2 hours to weeks, or even months. Typically, holding periods should be around 1-2 weeks.
3) All stops should be adjusted up (on long) or down (on short) with dynamic price movement. The stops I list below are for today's closing. A closing 2 hours bar price is only considered for buy/sell/stop. Prices within a 2 hours bar could be used for your reference.

1) ANR: BUY was triggered on $33.16, stop at $33.46.
2) CLF: BUY was triggered on $ 27.91, stop at $27.29.
3) TIE: BUY was triggered on $8.18, stop at $8.01.
4) AVNR: sorry, daily average volume (over last 250 trading days) is not over 1M shares.
5) YGE: Short was triggered on 7/29 at $13.66, stop at $13.39, currently in downtrend.
6) HBAN: BUY was triggered on 7/27 at $3.54, stop at $4.36.
7) STP: Shorted was triggered on 8/6 at$18.62, stop at $18.29.
8) CENX: BUY was triggered on $11.21, stop at $10.58.
9) PMI: Short was triggered on 8/10 at $2.69, stop at $2.79.
10) DRYS: BUY was triggered on $6.47, stop at $6.09.
11) UAUA: BUY was triggered on 7/15 at $3.37, stop at $5.64. This is really a good one, I wish I had implemented this system back in June.
12) JASO: Short was triggered on $4.6, stop at $4.77.
13) KFN: BUY was just triggered at today's close $3.04, stop at $2.70. The last long trade started at $1.02 on 7/21. Will like to see how this plays.
14) MFC: Short was triggered on 8/6 at $21.92, stop at $20.92.

Opex next week

Market ended today with loss and entered into next week (opex day on Friday) with late afternoon rally. It may resume its uptrend next week, as there is no "bad" news at all that could drag down market hard. Retails? Consumer sentiment? I could not see one.

1) PTrend system suggests to go up.
2) My FAZ trade was good by locking profits in time.
3) My MGM load works well, and decided to hold into next week. System suggests a stop on $8.35. The stop will be raised if MGM goes up.
4) I am currently not intending to open new long positions AH.
5) I have implemented a system focusing time frame on 2 hours chart, which means positions could be hold for days as swing trading. The system suggests all buy, sell and stop prices for a stock. I like to simply help to take a look at stocks for you from that system, if you want to name it. The only requirement is that stock price should be over $2 with daily average volume over 1M shares.

Have a good weekend all!

Euro Stoped out @1.4210

ES short closed and long ES @995.25

For Euro, doesn't have plan now

URE $5.1 stop out, FAZ $26.69 lock profits

Loading more MGM around $8.7

Thursday, August 13, 2009

Bot FAZ $25.14 AH

I can not help loading short positions. Tight stop at $24.75 on 2 hour closing bar (intra-bar doesn't count!).

Long Euro futures @1.4291

Euro is hard to trade these two months since it doesn't have clear trend. Our system for Euro ask we long Euro U9 @ 1.4291 and we did it on lindwadock account. the stop price for this trade will be 1.4211. and the first target will be break 1.4320 level and go to challenge 1.4450.

also The reverse swing system for ES lost a big one from 892.25 to 993.25. and Normally after a big loss, the system will profit in the following several trades. today, the system ask to short @1006.25 after close a long from 993.25 to 1006.25.

Set Stop on URE, $5.1

for today.

SPX short term trend pivot at 1000.48.