Breakout Trading using Time and Sales

This is a discussion on Breakout Trading using Time and Sales within the Trading Journals forums, part of the Reception category; Originally Posted by amit1986 Hi ODT, These were just a few of the stocks I had on my watch list ...

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Old Oct 30, 2009, 9:07pm   #57
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Originally Posted by amit1986 View Post
Hi ODT,

These were just a few of the stocks I had on my watch list today. I'm not quite sure what it is you are asking, but most of those stocks are down currently as the whole market in general has experienced significant selling pressure.



Amit
If you had taken short positions at time of your posting your response to my question,on stocks already in a downward trend prior to yesterday,what would be your net position today in p/l?
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Old Nov 1, 2009, 5:00pm   #58
 
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amit1986 started this thread Hi ODT,

I have sent you a PM regarding your question.

Amit

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Originally Posted by oildaytrader View Post
If you had taken short positions at time of your posting your response to my question,on stocks already in a downward trend prior to yesterday,what would be your net position today in p/l?
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Old Nov 2, 2009, 6:07am   #59
 
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amit1986 started this thread Earnings season is still kicking with good force. Monday looks promising. Some of the names that may present good moves are F, CLX, DF, APC, and VMC. There should be a few other as well. We'll see tomorrow morning!

Amit
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Old Nov 3, 2009, 6:29pm   #60
 
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amit1986 started this thread Watching HGSI with a view of taking a long. High of Day = 26.20. Previous days high = 26.21

If the stock breaks previous days high, then it will be making all-time highs. Thus, there could be many buy-stop orders above the previous days high which could effectively act to drive the stock price higher.

Target entry: 26.25 if Time and Sales confirms momentum.

Also, since HGSI is a NASDAQ stock, I'll be keeping an eye on the Nasdaq E-mini futures. They failed to go below todays low and are on the way back up which could help HGSI continue higher if it breaks out.
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Old Nov 3, 2009, 6:36pm   #61
 
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amit1986 started this thread Previous two 5-minute candles have failed to go below the $26 whole number implying that previous resistance has become support. EMA(10) has nicely enclosed the price activity over the last several candles. Therefore, the EMA(10) could be used a potential trailing stop after it goes past the entry.
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Old Nov 3, 2009, 6:43pm   #62
 
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amit1986 started this thread Long HGSI from 26.25. Momentum was excellent on the breakout.

Target: 27.00
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Old Nov 3, 2009, 6:55pm   #63
 
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amit1986 started this thread Half position closed at 26.70. Now using the EMA(10) as my exit on the second half or the whole number of 27.00, whichever comes first.
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Old Nov 3, 2009, 7:23pm   #64
 
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amit1986 started this thread Price has gone through the 27.00 whole number on very strong buying pressure. Staying in the trade and using the EMA(10) as my exit. EMA(10) currently at 26.72.
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