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
====


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
=====


15min
=====

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
======

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
====


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
====


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
=====



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
=========


S&P500 daily
===========


QQQQ daily
==========