Monthly Archives: January 2012

Day Trades – SPY

Short 300# at the gap open at the 61.8 Fib on the 60 minute chart Quick exit for a scalp Re-enter short 300# at better price Exit at Open Range support L1 Short 300E at the 20 MA Partial profit … Continue reading

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Fly Is Up 17% Year To Date

That’s right.  The_Real_Fly is up 17% year to date, and we’re talking about multi-million dollar portfolios.   Here are some of his recent trades.  He’s conveniently taken profits on all by now. Why not just follow his trades?  Of course. … Continue reading

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The Price of Being Prudent – Stopped Out at HOD

Trying to be disciplined and honor the stop ordered.  Ended up getting punished by exiting at the high of the day.

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Why Am I Short Here?!

Let’s see… Facebook IPO coming, all internet stocks going double digits today.  End of month window dressing for the best January in decades.  Beginning of the month new funds coming in next week. Thanks to the proprietary indicator I subscribe … Continue reading

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Bears Are Meant to Suffer

Sellings are events while buyings are a grinding process.  The market spends most of the time going up, due to dynamics of greed and fear, which fuels the law of supply and demand.  To catch the selling events, it’s a … Continue reading

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Bears Cry Uncle

And I’m one of them.  With the market been going up basically non-stop since last December, this morning we finally had a sizable red gap (.60%) and really looked like the start of a decent correction; but guess what, it … Continue reading

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Head & Shoulder Pattern Should be Removed From the Chart Book

The success rate of head & shoulder patter is laughable. We all remember the head & shoulder pattern discussed on the media back in 2010 in fear of double dip recession.   Well, it never materialize.  As a matter of … Continue reading

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