ZenMachine

QQQQ went up at the open as I had hoped, but quickly came down to just above today's open. Looking back, that resistance level (42.87) should've been my target, not 43.00. I moved up stop loss to today's open. -z

You are right, Gabe. Thanks for the correction. Update: I got in before the session closed, but the quick move I was anticipating up to my profit target did not happen. I stayed in and revised the target to 43.00, stop loss to 42.31. -z

QQQQ has been testing 41.48 four times since late yesterday, while coiling up tighter. I placed a buy stop at 41.49. Stop loss will be 42.32 or 42.36, with profit target 42.60. -z

I am interested too! (Especially your stock swing trades... if I may ask) Thank you! -z

Well, this was another interesting trade. I decided to put a buy stop at 42.15, with stop loss at 41.78 and sell limit at 42.57 (for half). Of course, it gapped up and my entry was at 42.32. It reached 42.57 without much trouble. I had planned to play cute and manage the other half, thinking it might want to keep going up, but I ended up not being able to manage it until the end of the session, and turned the second half into a loss. :crap: -z

It started moving and inched up until almost the end of the session. Unfortunately, I couldn't get to a PC until it started declining. :doh: I wish I had placed a sell limit order, but I had no idea how high it would go (or not). Exit @ 58.24. -z

It gapped up but stalled. Entry @ 57.79. Stop loss move up to 57.50. -n

Another interesting formation ...

QQQQ is forming another triangle, and looking to test yesterday's high. I was long but chickened out (or got smart depending on your POV) and exited before the end of today's session. I got out because the reason I went in was not sound at all, and I was almost certain that I would get slapped hard tomorrow morning (when weekly jobless claim is out). I might put a buy stop order above 42.15 with a tight stop loss instead. -z

I feel the same way, but perhaps we can start a trend and see more stock trades. -z

Looks to me it's going to break above 57.50 soon. Put a buy order @ 57.51 with a stop loss @ 55.73 -z

It did break above that level this morning, but without much volume and didn't go anywhere. I didn't enter this trade.

Beautiful! This is the way it's supposed to be! :applaud: -z

OK, this is really horribly stupid... :doh: QQQQ gapped up and reached target 2 quickly. Then it started consolidating. Now, I should have taken exited the trade there, but instead, I ADDED to the position. I set the stop loss at the level of target 1, then I had to run out. Of course the price came down and I got stopped out for a net loss... :crap: I should've taken profits as I had planned. Just because the price moved quickly and looked like there was still more move, I shouldn't easily deviate from the plan. Especially more so, if the "new plan" is so sloppy (add without waiting for the breakout, set stop loss and leave the trade). -z

Here is a 60min chart of ININ (Interactive Intelligence). It broke above the down trendline from last week. I think I'm going to go long if it goes above 19.44 tomorrow. -z