Friday, 13 March 2009

Trades 13/Mar/2009

Watchlist:
ABX,AKAM,APH,APOL,BBL,BHP,BP,CELG,CS,DD,DO,DVN,EIX,
ENER,EXC,FCX,FSLR,FWLT,HUM,KO,LLY,QGEN,SYT,JNJ,SNE,
WAG,WDC,PEP,PM,SGP,TS,MDT,EXPD,PAYX,TEVA,GENZ

SYT (gap down)

Break of OR on 2nd candle offsetting the first. The 3rd is NR7 hanging man type of candle below OR. This is our short trigger. Closed partial at 2R which was near whole number and also the Fib Ext was nearby. Then closed rest at $1 gain which was around 4R. The day is not finished yet hence the incomplete chart, but need to go and might not be able to watch market into the close.
No other trades that I could see. Hope you had a good day.

----Fib and RValues ------------------------

-----------Trades--------------------------

10 comments:

Scott said...

I traded SYT today for a 3.5R gain. It triggered on my Trade Ideas Standard Deviation alert. I'm curious as to how you compile your watch list.

Anonymous said...

bassi, good deal.
I missed SYT's fall by few mins . Also NSM was a textbook short.
Balle Balle.

TraderAm said...

Scott.
Watchlist compiled from IB scan and from Tradestation scan. I scan for gapping stocks which are trading outside previous day's range.

Thanks.

TraderAm said...

Anon...Thanks.
Good trade on NSM.

Anonymous said...

TraderAm,

Is it true that RadarScreen in TS can only hold/process a limited number of stocks? How many stocks do you carry in RadarScreen for your TS gap scan and what criteria do you use to build that "smaller universe" of stocks? Thanks.

Swing2Freedom said...

wow.
That's a nice one, compared to all the previous trades of late :)

Have been following your trade for some time, like it very much. Short and precise :)

Anonymous said...

... or is the TS scan for gappers independent/outside of RadarScreen?

TraderAm said...

Jim.

Yes radarscreen can scan about 1000stocks I think. Your other questions are answered in a pciture in 'My Setup' which I posted a month or so ago.

TraderAm said...

Thanks swing2freedom.

Anonymous said...

TraderAm,

Nice block diagram of your trading setup/process. From your diagram, it looks like the initial TS gap scan is outside of RadarScreen. So, I am guessing that scan is not limited to 1000 symbols.