Tue. 01_15

today's trade

A key for the above chart to define the horizontal lines and dots.  For further explanation, see this link:  

I didn't have a very good read on the market today.  I've trained myself not to overindulge in the markets during Options Expiration as well, so I stayed light.

Power squeeze today, closing near the highs and at the upper end of our range...prepared for a breakout

fri 1_27

The SPY set up the 3d criteria while the trigger coincided with both a 3d criteria on the 5-min chart and a trend line break.

POT had a decent trend to it and price continued higher after it pulled back.  Two entries with very small stops in place.

SINA was a heart-breaker.  Position size was small and exits were way too soon.  Trade was based on the 3d setup.  First up-arrow long and sold at the highs of the day.  Second up-arrow long and sold at around $64.80 (was shooting for $65.38 resistance but what I perceived as failure under $65.25 made me get out.

and of course here is what it did afterwards...uggh