Wednesday, March 17, 2010

A few past charts

Here's some general information on these charts. All of these charts were done using 5 minute candles. When I talk about triggers, I'm generally referring to a break of the 5 minute high (or low for short).  When I refer to a waterfall, I'm basically looking for a stock that has sold off hard for several candles and looking for a reversal in that trend. On these first charts, I don't have as much technical stuff on them as I do general notes on pivot lines.

WDC on 2-24-2010













CCJ on 2-25-2010
A fade the gap play is basically a gap down, and you look to play it as it retraces some of its move down.












LINTA on 2-25-2010
I played this stock on a gap up, small pullback then nice clean 5's trigger.












GPS on 2-26-2010
On this play, I played the big bar up, small retracement, then the reversal on upwards. I actually took it on 3 minute candles, but 5 minute candles would have worked also.












TV on 2-26-2010
This chart is included here mainly to show the power of the pivot lines. It was made while I was doing research into pivot lines and it is a great example of how a stock can trade around them.

First post

Alright guys, being I spent the last four hours now setting up this site, I'm not sure if I am going to get any charts done tonight from today's plays. So for now I will go ahead and post up some charts that I have done in the past to give you a feel of what you might come to expect from this blog. Feel free to leave any comments or feedback directly to the post or you can email it to me directly.

For these first charts, I have been working on some strategies mainly focusing on pivot points. Some general information about pivot points can be found here:  http://www.investopedia.com/articles/technical/04/041404.asp
These first charts were done working with a few friends so some of the commentary on the charts we're geared towards them, for future charts posted here they will be a little more straightforward.