johnpaulca 12,036 posts msg #68522 - Ignore johnpaulca modified |
10/17/2008 10:19:49 AM
TWM...sold at 106.9... market indecision, could go either way, just have to wait and go with the flow.
-If it falls below $104 I will short with both guns blazing. If it get stuck in a trading range 104-109 then I will cherry pick up and down all day long.
|
johnpaulca 12,036 posts msg #68534 - Ignore johnpaulca |
10/17/2008 1:45:29 PM
TWM...now at $97 and sinking like the titanic.
|
petrolpeter 439 posts msg #68537 - Ignore petrolpeter |
10/17/2008 2:49:12 PM
The moment you mentioned "97" look what happened JP.Good trading and have a good weekend as well.
|
johnpaulca 12,036 posts msg #68543 - Ignore johnpaulca |
10/17/2008 3:48:56 PM
I jink it...lol , covered it and went back long, I will sell in a couple of mins...ema(100) is resistance, so no more upside today...you guys have a great weekend.
|
johnpaulca 12,036 posts msg #68545 - Ignore johnpaulca |
10/17/2008 4:05:58 PM
TWM...out at $106.... close to where I started shorting this morning...what a ride.
|
billrider321 70 posts msg #68557 - Ignore billrider321 |
10/18/2008 1:49:24 AM
**********************
johnpaulca
- Ignore johnpaulca
modified 10/17/2008 9:55:52 AM
TWM...I am selling hard...short at $110
johnpaulca
- Ignore johnpaulca 10/17/2008 10:10:07 AM
TWM...covered at $104.50 and going long again
**********************
JP,
i can understand you went short on TWM on close below BB but why did you go long @ 104.50.
I am looking at the 1 min chart and trying to understand your logic.
thanks
|
johnpaulca 12,036 posts msg #68562 - Ignore johnpaulca |
10/18/2008 2:00:22 PM
billrider321: the wide range bar that closed below BB(40,0.4) on a 5 min chart scared me an i was had already up $5/sh...gotta take profits. I went back in at about 105, then sold about 107. I was in and out all day. I have been trading this stock for a long time and have a good grasp of it's behavior....hope this helps...cheers.
|
StJoe 91 posts msg #68563 - Ignore StJoe |
10/18/2008 5:54:33 PM
this post should be "Post your winning trades". ;)
|
billrider321 70 posts msg #68564 - Ignore billrider321 |
10/18/2008 6:44:21 PM
looking after the fact this trades looks great. but i know JP sometime does post real time trades with good explanation.
JP - do you trade mostly mean reversion kind of trade. I see BB(50) and BB 13 combination at work for you.
do you set stops as soon as you enter trade. trading on TWM with 50 share and setting stop of 1.50 $ will it work.
i have seen your earlier comment about price action study but doesnt it conflict mean reversion theory.
|
johnpaulca 12,036 posts msg #68566 - Ignore johnpaulca |
10/19/2008 1:24:30 AM
Bill:
Here is a typical bull day for me(last wednesday), support being the lower BB(40,0.4), I will sell when it opens and closes below Big-B. . Notice the BBands are above ema(100). I don't know if you would call this mean reversion or simply support/resistance, I am only using a 0.4 SD which is not far from the mean.
An example of a down day... BBands below ema(100). Once it gets rejected by the lower Big-B, I go short. When it gets into the Booya buy zone, I go long, then short as it crosses below ema(100). You will notice stocks penetrating ema(100) from above with a wide range bar tends to be great shorts.

|