Interesting Charts for Technical Trades

[Dinerotrader 10]

What do you use to help you determine the trend is coming to an end?

 

If it's proprietary in nature no worries, no need to detail.

 

Just thought it would be helpful to others to have some idea of what you personally would look for to head for the exits.

 

MMS

 

I'd be looking for multiple failures to break through resistance, lower lows, trendline break, etc.

 

I was close to getting out of FEED because it has tested the $3 area several times but didn't make any lower lows after testing so I hung in there.

[MadMarketScientist 11]

Super, most appreciated - thanks for that.

 

Continued success with it in the meantime!

 

I'd be looking for multiple failures to break through resistance, lower lows, trendline break, etc.

 

I was close to getting out of FEED because it has tested the $3 area several times but didn't make any lower lows after testing so I hung in there.

[Dinerotrader 10]

FEED

 

SOLD

 

Well, I got worked by a bad earnings/new event on FEED. Even if I had had my stop loss move up, the morning gap down was too large too handle. I sold everything at 2.60 so I only made 11% when 2 days ago I was up 42%. There are so many ways to screw up in this game.

 

 

[MadMarketScientist 11]

What's your feeling on holding through earnings?

 

When I was more actively swing trading stocks I used to have a rule to exit the day before the news because I felt it's a coin flip at that point. Of course, there were many, many times I regretted it when it spiked my way and kept going -- I can't say I ever was 100% sure the right thing to do in that situation.

 

MMS

[Dinerotrader 10]

What's your feeling on holding through earnings?

 

When I was more actively swing trading stocks I used to have a rule to exit the day before the news because I felt it's a coin flip at that point. Of course, there were many, many times I regretted it when it spiked my way and kept going -- I can't say I ever was 100% sure the right thing to do in that situation.

 

MMS

 

I normally don't hold through earnings but FEED has had so many good ones that I might have held through even if I had remembered earnings were coming out.

[brownsfan019 17]

I sold everything at 2.60 so I only made 11% when 2 days ago I was up 42%. There are so many ways to screw up in this game.

 

 

Come on DT, get out at the high!

 

You probably just got so bored w/ trading a stock after rocking in Crude for a bit.

 

[Dinerotrader 10]

Come on DT, get out at the high!

 

You probably just got so bored w/ trading a stock after rocking in Crude for a bit.

 

 

Haha. Yeah, crude is way better. Someday I'll get back to my crude trading.

[MadMarketScientist 11]

Ah, Crude Oil trading now that's something after my own heart. For me it's the most dependable market. Though lately I've mixed in some Natural Gas as there's days it has been moving actually better -- key for me is to always enter it on buy or sell stop limits and allow 1 tick slippage. Since it has a tendency to slip several ticks if you don't control it.....

 

Well, back to the oil fields.....

 

 

MMS

[brownsfan019 17]

Ah, Crude Oil trading now that's something after my own heart. For me it's the most dependable market. Though lately I've mixed in some Natural Gas as there's days it has been moving actually better -- key for me is to always enter it on buy or sell stop limits and allow 1 tick slippage. Since it has a tendency to slip several ticks if you don't control it.....

 

Well, back to the oil fields.....

 

 

MMS

 

 

MMS - would be nice to get a more active trading thread(s) on oil. That 'other' site has a very active CL trading thread and it's actually pretty good. Very little off topic stuff.

 

No idea how many around here trade it though so it may end up being you and me talking.

 

[MadMarketScientist 11]

Brownsfan,

 

Good idea on the Crude thread. You think I should start something in here?

 

Futures Trading Laboratory - Traders Laboratory - Professional Traders Community

 

Or as it's own main forum (like Market Profile, etc...) --

 

Should it be Crude Oil only or CL and NG? etc....

 

MMS

[Dinerotrader 10]

SVU

 

Got long on this yesterday at 9.40. If it breaks down below ~8.50 i'll be out. I liked the volume support at the test of the major low from 2008.

 

[Dinerotrader 10]

PH

I might look for a long on this tomorrow. Nice bounce of solid support level.

 

[Rashedbgd 10]

What about this one, is there any probability to reverse and start uptrend?

[Obsidian 10]

What about this one, is there any probability to reverse and start uptrend?

 

just wondering...what makes you think that it will reverse?

personally I look for a supportive candle first, I've never been good at picking tops or bottoms

[Vinayak 10]

Wells Fargo had a strong earnings report on Friday. Unfortunately, for bulls (myself included) who were long on the stock it has fallen. :doh:

The market has reacted negatively even though WFC has been given an "overweight" rating by quite a few Wall Street analysts. The current trading price of $34.75 could actually be a long term support level as WFC is posed to have increasing growth given its cost management and core business growth. Price targets are up with many expecting it to hit $50 per share in 2 years time.

WFC.bmp

[SunTrader 10]

Wells Fargo had a strong earnings report on Friday. Unfortunately, for bulls (myself included) who were long on the stock it has fallen. :doh:...

You are talking funnymentals on a technical topic?

 

And in case you don't know the market has a way of reacting differently than what is expected by the majority whether or not FA or TA is used for analysis.