14-1-08 : Counters worth a short

Just a summary of stock short plans :
GS : short @ 208 / 198
AAPL : short @ 168
RIMM : short @ 96 / 94

tats all.

14-1-08 : DJ is bearish

Dow Jones is now 12606.30.
It has broken below 12800 support.
Next support = 12430.

If rebound to 12800
=====================
12750 is a good place to short.
12650 cut
12550 profit
r:r = 1:2

if fall below 12600
=====================
12590 short
12640 cut
12490 profit
r:r = 1:2

daily
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15min
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14-1-2008 : S&P is bearish.

S&P bounce back to above 1400. But i remain bearish on the index. The plan is to short it at appropriate point.

Depending on how the index move on Mon, we look for a few areas to short :
(1) Up to 1420, and fall down again then short at 1415
(2) Below 1400, short @ 1390
(3) Below 1380, short @ 1375

daily
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15min
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9-1-2008 : GS short trade setup

We can plan a short trade tonite for GS, provided th condition cont to be bearish.
Bank sector was bearish last nite despite overall up market. THus its relatively safer to short bank stocks.

1st Short
============
Short @ 189
Cut @ 191
Profit @ 181
r:r = 1:4

2nd Short
============
Short @ 188
Cut @ 190
Profit @ 180
r:r = 1:4

daily
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15min
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8-1-2008 : Wound still hurts

While the heart still hurts from RC rejection, i have to look at the market open.

Its an up market tonite. DJ = 12876.

AAPL - 180 holds
RIMM - 100 holds
MA - 200 holds
GS - 190 holds

Most stocks reach support level, and are struggling at that level.

Need to wait.

8-1-2008 : DJ 12800 still holds.

Dhillon said 12800 is a good support. Buy at 12800 is ok for yesterday. lowest it went was 12750. Those with $100 cut loss would not be triggered. Those with $50 cut loss will be triggered. In volatile situation like this, cut loss point is a matter of life or dead.

Highest it went was 12875. Thus profit target of 13000 will not be triggered as well. Thus according to Dhillon's plan, the position should still stay.

I am not too bullish on DJ, as its in down channel. However, 12800 is strong support
if it forms a triple bottom and goes up from there.

May be a good long. But i need to confirm first.If it breaks 15min down channel up, at 12900 i will long. At 12750 i will short it. Already considered break 12800 support down with 50 pts down. That will be my take on DJ tonite.

daily
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15min
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8-1-2008 : Rejected by RC

Well, the final verdict is RC did not qualify me for his training program.

Mr Takashi dont really like me. so its ok. = )

I cont my manual trading of CFD then. Will not touch autotrading for the mean time.

7-1-2008 : Maintain bearish on most stocks & DJ

DJ and most stocks are in down channel, thus i maintain bearish. Not all stocks can short, due to the fact most stocks at channel support of down channel.

I see short opportunity for GS. If break clearly before 200, at 198, then its time to short.

GS 15min
=========

4-1-08 : Tonite's GS trade setup

There's again 3 possible directions GS price can move. But we only trade 2 paths.
1 path is too risky to trade.

Path 1 : Price drop directly to 200. Dont trade this one.

Path 2 : Price rebound to 205,then down again. short @ 204.50. Cut @ 206.50. Cover @ 200.50. R:R = 1:2

Path 3 : Price break 206 up. We long @ 206. Cover @ 205. Profit @ 209. R:R = 1:3

15min
====

4-1-2008 : RIMM has 3 possible directions to trade

We map out 3 possible directions of RIMM, and we trade accordingly.

Scenario 1 : RIMM retrace to 104 channel support. We enter after it rebound to 105.

Scenario 2 : RIMM retrace to 110 Box support, and rebound to 111. we enter at 111.

Scenario 3 : RIMM go up from here, and break 105. We enter at 105.

This is a higher risk trade. Cut loss is $200, profit taking is $400.

R:R = 1:2

If enter @ 111. Cut @ 109. Profit @ 115
If enter @ 105, cut @ 103, profit @ 109
If enter @ 111, cut @ 109, profit @ 115.

Either way, its R:R = 1:2. Lets do it !!

daily
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15min
====

4-1-2008 : MA trade will work out well last nite

If you short upon break down of up channel @ 212, and cover back upon first support line @ 208, $4 profit is good enough for a short fast trade last nite.

I was asleep and didnt trade. But i would have traded this one if i'm awake.

daily
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15min
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4-1-2008 : Indices reached supports

DJ reached its down channel support.
S&P reached its box support.

Its not so safe to short these 2 indices for now. wait.

S&P daily
=========


DJ daily
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4-1-2008 : SLB long trade is ok so far !

Edele said she wants to long SLB, coz it just broke $100 up, and its within 15min up channel, ERF#1.
THus we long @ 101,
cut @ 100, and profit @ 104. r:r = 1:3.
Not a bad trade. SLB is a bit slow, thus may take 3 days to reach there. who knows.

daily
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15min
====

4-1-2008 : GS is bearish

Last nite GS presented another good opportunity to short @ 208.
Broke 206 down is bearish, and both daily and 15min chart support bearishness.
However, it has a false breakdown at earlier hrs, and rose back again to 208, before taking a fall back below 206.

But this is enough to trigger stop loss of many who shorted, including me.

The only thing i can say is shorting at earlier hr is not safe mainly because its not ERF#1 yet. later it was at 208.

Thus need to be patient to short also.

daily
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15min
====

4-1-2008 : AAPL ascending triangle will complete soon

I am bullish on AAPL, but the current bearish sentiment is a big concern for me to hold a long position on AAPL now.

At 193, its resting well at the Ascending triangle uptrendline support. It has enough room even to just trade up to 200... 192 is a good cut loss pt, thus making max loss limited to $100.

Should I long AAPL now ? I also have no clear answer for myself. But I will take the high risk, and long 1 contract of AAPL CFD @ 193.

Cut @ 192, Profit @ 199. R:R = 1:6.

Can try lah !

daily
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15min
====

4-1-2008 : GOOG is bearish for now

GOOG just broke up channel down, and broke below MA20, 50. Not a good sign.
Bearish for now.

daily
=======

4-1-2008 : US Indices are bearish

What are the US indices? S&P500, Dow Jones, QQQQ.

All of them are bearish. Thus even some stocks may be techncially bullish (eg. AAPL), its safer not to long at this time. Indices can pull stock prices down easily in a bearish night.

DJ daily
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S&P500 daily
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QQQQ daily
==========