Position trading stocks

Chartsy

Well-known member
May 12, 2010
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#18
To me TTWO looks like it has tanked. I have never seen a moving average crossover strategy win except in a strong bullish market.
What is your definition of tanked? See the picture below .
This is not a moving average crossover strategy, don't know where you got that idea from . But yeh, it is a trend following approach , so market conditions do have large effect .

That's the thing with stocks though , thousands of markets to trade , some aren't totally tied to the overall market and can trend hard even if the indexes are flat .
 

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Chartsy

Well-known member
May 12, 2010
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#20
New orders for next week:
Buy AEP at market open, stop 66.60
Buy XEL market open, stop 44.60
CHKP buy limit 106, stop 104
NFLX limit order still in place.

two charts attached for AEP and XEL: same thing again, base breakouts in strong uptrend.
 

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Chartsy

Well-known member
May 12, 2010
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#22
Trailing buy limit on NFLX to 157.06, stop 152.15
filled.

Cancelling order on CHKP

NFLX chart attached. same thing again, base breakout. In this case the breakout has already happened and price has pulled back ever so slightly.
 

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Chartsy

Well-known member
May 12, 2010
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#23
Markets are taking a hiding.

If SNPS ends the week below 72.80, I will close it out. Otherwise the rest of the portfolio is holding just fine .
 

Chartsy

Well-known member
May 12, 2010
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#25
No new setups . Very pivotal week ahead . Hope to see some strength in the markets
 

Chartsy

Well-known member
May 12, 2010
1,129
82
58
#27
no new trades this week. Some very nice setups occurring in the energy sector but I'm already long two of those (AEP XEL)


Edit: placing a buy limit on LMT at 276.8, stop 269.15
 
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Chartsy

Well-known member
May 12, 2010
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#30
some great moves this week. Some sectors are trending parabolically. The basis of this method is that, under certain market conditions , it's better to buy into momentum rather than trying to time a reversal or pullback which always seems the more comfortable approach .