Watchlist:
ANF,CCJ,COF,FAST,GE,HLF,INFA,JCI,JNPR,MMM,NVT,PHG,
SII,SNDK,STP,TYC,TZIX,VAR,VIP,WHR
This is my first cut watchlist. Unfortunately i'm going to busy at work most of the afternoon, so I doubt that I will be able to trade. But I'll review charts at end of day and post up any that I would have traded in hindsight.
Update : Having looked thru the charts, must say that nothing stands out as a trade that I would have made. Any readers with suggestions and/or trades they made ? Please post.
8 comments:
CALM-ABB-CTAS-GPS
Thanks for posting am watch list. Had a minor job emergency this morning and so had little time to initiate my scans. Nice to know we can rely on your watch list to fall back on in time of crunch.
Ralph
I did couple of trades today
You can see them at my blog
http://theatrader.blogspot.com/
I follow Trader X rules too.
I didn't trade it. But ANF 6 or 11 bar.
ANF on break of 5th bar and CMI on break of 6th bar (6th bar couldn't close above 5ema and S1 and it was an NR7 candle). The CMI had me sweating in the beginning but then it started perculating downward.
Thanks for all comments.
the a trader > nice blog
I see that most of your trades were inside the OR following a retracement. I haven't traded these much as I have found them a bit inconsistent. How are you finding these sort of trades ?
Victor > ANF 6th is just a red candle candle breaking OR. It's not a hammer or NR or other specific pattern, so I personally wouldn't have traded it. 11th..yes I agree that was a valid trade.
alex > ANF 5th, yes I see where you are coming from. Not entirely convinced due to the ema distance and it still closed inside the OR.
CMI hadn't gapped beyond yesterday's low so I wouldn't have it on my watchlist.
My above comments are just my personal thoughts on how I trade TraderX trades. So not necessarily that they are not TraderX trades as such.
TR: couple of ques. Hope you find the time and have the patience to respond:
(1) If the 5ema is somewhat extended on the 15 min, do you look at the 10 min chart to see if it touches 5ema and if so enter? Or do you trade exclusively from 15 min chart?
(2) How do you scan your watch list? Do you look at each stock chart every 15 min to check its pattern, or do you eyeball multiple charts as it streams real time on your monitor? If so, how do you fit +20 charts on 2 monitors?
(3) What criteria do you use to limit your morning scan so that your watch list is less than 20-25 strong stocks to monitor intra day?
(4) If you anticipate prior to 15 min completion a stock will most probably close strong, do you place an open market order to trigger your entry? Or do you wait for 15 min expiration and then place your order?
(5) Assuming the stock gaps on unusual volume, do you still analyze 15 min volume bars thereafter? Do you ignore market direction?
Thanks, Ralph
ralph.
1) I just use 15min chart curently
2) I have 9 charts on one monitor which have the best looking charts. The rest I scan every 15 mins.
3) If my watchlist is > 25 intially then I narrow it down : keeping highest volume ones and ones with best "looking" charts , e.g. no choppiness, very wrb
4) I always wait for a 15min candle to complete before placing any trade.
5) Don't use volume bars much in my trading. Yes I tend to try to ignore market direction.
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