VRSN - Verisign

[MC 10]

 

Broken head n' shoulders do the downside. Light volume on the break so do be cautious, but I'm in for a paper short on this.

 

Weekly also seems to show rejection on the attempt at a new high.

 

IMO of course.

 

Thoughts?

[brownsfan019 17]

MC,

Here's my 1 minute review while working an ES trade...

 

 

 

 

In the above chart, I see:

 

Possible support area here w/ the Bollinger Band and previous attempts to break this. I would love to short BELOW this level.

 

 

 

 

In the above chart (bigger timeframe), I see:

 

The Bollingers and Candles can provide some trades, but you can also get caught into a trending move that just moves up/down the band. Entry method would be vital here.

 

=======

 

In other words, I can see why you took a short here. I can also see reasons to be a bit hesitant on shorting here as well.

 

We'll see how it reacts on the FOMC, if at all.

 

I know nothing about this stock so hard to say 'based on' statements.

[MC 10]

MC,

Here's my 1 minute review while working an ES trade...

 

 

 

 

In the above chart, I see:

 

Possible support area here w/ the Bollinger Band and previous attempts to break this. I would love to short BELOW this level.

 

 

 

 

In the above chart (bigger timeframe), I see:

 

The Bollingers and Candles can provide some trades, but you can also get caught into a trending move that just moves up/down the band. Entry method would be vital here.

 

=======

 

In other words, I can see why you took a short here. I can also see reasons to be a bit hesitant on shorting here as well.

 

We'll see how it reacts on the FOMC, if at all.

 

I know nothing about this stock so hard to say 'based on' statements.

 

I have a plan for 1 scale in and then a tight stop since I'm being aggressive on it. Lil pop on FOMC but light volume so far.

 

Thanks for the input.

[brownsfan019 17]

 

 

So up on the day, but like the market, it came down towards the EOD. As a long, I would have liked to seen it close near the top, so we'll see how she acts the next day or two.

[MC 10]

Volume was moderate on the bar so it did have some buying pressure. Time will tell, I have the stop in GTC and embrace the full risk. (It's paper but for all intents I would trade this the same live at this stage of my education)

 

[brownsfan019 17]

MC - outline entry, stop and profit target(s) for us/me. Just finding the pattern is step 1.

[brownsfan019 17]

Breaking down nicely so far today for the short MC. The bulls just did not have much force behind it yesterday so we'll see how today goes.

[MC 10]

I didn't have time to reply yesterday, sorry.

 

I'll say this I scaled out 1/2 and moved the stop to $39.75 on the last half.

 

$39.26 is my cost basis. An aggressive 1st entry and then a higher scale in as planned.

 

Like I said though...again I'm on paper guys, just to be 100% forthcoming.

[MC 10]

I was stopped out quite some time ago on this play, proof I need to work on my stops and continue tweaking some. Did anyone get in on this tanker?