CXW looked like a good short except the range it was probably in was not wide enough for me so i skipped it.


My X short is still falling well. My GPS short has pullback a little and FO did nothing.

FO and GPS short entries

I think i got pretty decent entry prices according to my rules considering i had to sleep in. I entered FO and GPS so as of right now im holding 3 shorts total and watching CXW for another possible short.

From now on i need to make sure my channel trades dont have a skinny range.

got stopped out of AAP, it looked good at first but turned around. my X short is still going strong. CXW, FO, GPS are all ready for me to enter them as long as tomorrow morning looks good.

i got stopped out of BMY pretty quick. i did not follow my rules perfectly since RSI wasnt actually oversold yet and i didnt time my entry (which i explained in the prior post). I will try not to make exceptions to my rules from now on. There is really no point in doing that since i can find so many potential setups everytime i do research.


i am trying to go long with another entry in BMY, in addition to about 25 other stocks right now. i will post a big watchlist video today or tomorrow.

BMY long entry

i bought BMY a few days ago. I did not wait for a close past the 20 and 50 MA's like im supposed to and now im seeing why i made that a rule for myself. Basically i didnt even use my STF to time the entry, mainly because i needed to sleep in during the market open. I should not have entered yet but if it doesn't stop me out then ill just stay in it and if it does stop me out soon then i will consider jumping back in.

AAP short entry

I entered AAP today. So as of right now im holding two short trades.


I made a April 16 watchlist video after the market closed today. I might scan for even more setups over the weekend.

i want to focus on making as many trades as i can right now to see where my odds/probabilities are at...but i decided to drop MACD histogram for RSI. the histogram never keeps me out of anything, it always says "everything is good here!" so whats the point? i like how reversals tend to be bigger when rsi and stochastics are oversold together.

just got stopped out of this stock today. the falling support line i was using was steep so it made me remember thinking about whether i should use a TL like this a long time ago but never really got around to an absolute answer on what i should do. after analyzing it and thinking for awhile, i think the falling TL was fine but the problem was, i wasnt confirming the trend enough. stochastics were clearly stuck oversold indicating a continuing downtrend... but i was trying to go long...
:( oh well now i know how to improve.

Recently i made 4 entries into 2 different futures and 2 different stocks.

This is a pic of one of the futures which is almost exactly the same as the other futures (GBP/USD pair and GBP). I got into both to see what difference there would be, but now it seems pretty pointless to trade both at the same time. I was stopped out pretty quick. Its starting to show a counter-attack bar signal but i dont like the volume so ill just ignore it....from now on i will try to only scan for stocks so all the wierd confusion like this from trading futures should go away.


The other two stocks i entered are still looking good for now, X and MON.

In a prior post, a few weeks ago, i found what i thought was a good setup in BBD stock. I missed the entry by too much and thought i would just follow it instead of getting into it. Well i just checked on it and it turned out to be a bad trade and it would have been a mistake to enter it anyways, the LTF 50 MA was too flat.

Im currently trying to upload a watchlist video about once a week. It's possible i will find and enter a trade that i didn't have on the watchlest but chances are that most of my trades will be derived from a watchlist. Markets are always moving so something good might materialize in between watchlists. What goes on my watchlist is very subjective.

Which LTF s/r i use does not really matter. Originally i just looked for bounces off of MA's but I have been looking for bounces off of LTF MA's AND LTF TL's lately and am having success. Im finding more opportunities for bounces. using TL's and MA's should be enough for me for now but later i might consider also using fibonacci or something else to get even more opportunities. Recently i did a decent scan of only 50 charts (futures) which resulted in a minimal "April 6 2010" watchlist, which took me 1 hour to do. I think a 100-150 chart scan would be very good.

Originally i watched stocks when i began learning. I switched my attention to futures since they have no PDT law. I thought i would have to daytrade so this made sense to me. Since then i have focused more on doing daily swing trades which is making me lean back to stocks. Im really understanding all the restraints that many futures have as i find more and more trades in them. Their biggest draw for me was having no PDT law, but now that is meaningless since i do not want to daytrade, even for practice. I might completely switch over to stocks real soon.

I had a watchlist for last week but didnt have the time to upload a video for it. There were several assets i was watching and some of them had pretty good confirmations of the signals i like. Probably 3 or 4 that i normally would enter. But i skipped all of them cuz i thought i should try to hold out for "monster/climactic" volume to jump in. That didnt happen for any of them. It turns out that most of them are in the middle of nice moves right now so i think i was being too strict. Too strict out of nowhere, just overthinking i guess. I normally am not that strict with volume....my mistake was thinking any one indicator will make or break the entire trade. Instead each signal should increase/ decrease probability to a certain degree.

Here is a trade i just missed, im blaming the general liquidity problem commodity futures have. this is not the first time...


I am currently watching /6B, /M6B and /YI very closely for entries. I am finding a lot more opportunities since i started using TL's more as LTF S/R instead of just MA's.