This blog is geared towards improving my trading knowledge and recording my trades. I am not licensed to give financial advice. Trade at your own risk. It is your fault for losing in this money game.
Friday, April 8, 2011
Entered RSX today. I had forgotten to check certain etf's that i liked last week. i entered on a pullback but right at the price where i should have first entered. Russia has a daily uptrend within a weekly uptrend. There is several support levels below but no resistance above for awhile. This trade should work......we'll see. .
Wednesday, April 6, 2011
Tuesday, April 5, 2011
/GC, /HO long entries
ALJ had consolidated a little just below its low resistance area but then quickly pushed into the area today. It went too far for me to enter on the daily chart. After the first day its already halfway through. This particular trade is not good for a daily entry anymore but it does show how stocks can still move very well even though the market is slowly climbing through minor resistance levels. remember, its the "teflon" market. its climbing up like a determined sloth. i was thinking i should avoid american stocks until the sp500 could really open up above 1344 but maybe that doesnt matter, unless i was trading the sp500 futures specifically.
I entered /GC and /HO futures. Both look really good. I dont know why i didnt enter /HO yesterday though.

I entered /GC and /HO futures. Both look really good. I dont know why i didnt enter /HO yesterday though. 
I am watching some stocks: ADSK, AES, AIV, AMZN
Monday, April 4, 2011
EWA, DIG long entres
Entered EWA with market order after it closed into its area on Friday. This Australian ETF has a large reward with no weekly resistance in the way for a while, stuck overbought stochastics, strong volume for the first day it closed in the area and EMA's are spreading apart. This is the daily chart, so this move could last a while if it works.
DIG is an oil and gas ETF. I found it already sitting inside a nice low resistance area, so i entered it. Volume was decent as it first went into the area.

DIG is an oil and gas ETF. I found it already sitting inside a nice low resistance area, so i entered it. Volume was decent as it first went into the area. 
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