Discretionary Trading Method-----Trading Outliers

[stink]

Thanks Tech,

Yep, i thought that would be the go.

Cheers Stink

 

[ezyTrader]

BRW price now @0.50 after close @0.53.
Just wondering if your TLS had been hit?

That has always been my dilemma in deciding if there's more UPside (given the time of the day), or, to exit after the gap UP...
Volume and momentum seems to be down from yesterday tho...

 

[tech/a]

FXR stopped.Small loss.

Sold BRW at 52.5 this morning.
I needed the $$s for FXR and as it had been doing little that was the one I closed.Bit of luck every now and then. Small profit.

 

[tech/a]

Not a bad day considering.
APG still open buy at .073
The open was quite a way from my buy so have a 1/2 position see chart for trading plan tommorow.
Note stop wider than 3 ticks as I have only 50% of full parcel size.


I forgot to post myself the daily tick charts from the office,will do so tommorow showing FXR trade and stop.

This chart is APG

 

[tech/a]

Updates for AUZ and CSM

 

[tech/a]

Updates for AUZ and CSM

Getting the hang of this?

Its it helpful so far?

 

[tech/a]

Thought Id mention as the trades mature the trailing stops become wider to give a stock a little more room to out perform.
.

 

[Freeballinginawetsuit]

Getting the hang of this?

Its it helpful so far?

Your the technical Guy who's been trading for yonks!. After SMY's consolidation at $1.30 check out the expansion of their Bol Bands at break, Whats your opinion of the rate of expansion and how often have you seen this expansion in a non speck stock at break?.

 

[tech/a]

Bollinger Bands are simply deviations from the 20 day SMA.

The bands are simply recording price action from day to day.Without expansion in ranges as we have seen here there wouldnt be the sudden rise in the B/B.

Ive seen it before and it is rare,how rare I could investigate and get some figures.Having said that it does happen often enough to notice.
But as you imply more often seen in the smaller caps.

Inside days from large range days are very common and there is a strategy to trade them as well.

As you can see I prefer price action for analysis.

 

[tech/a]

NLX best from scans this morning in at .071 on the 2nd retracement test of the early morning flush out. (see chart)
APG going nicely. (see chart)

 

[tech/a]

Sold NLX at .083

Looking for possible re entry if it doesnt lock up.

 

[nat]

thanx for doing this tech /a ,is most helpful ,NAthan

 

[tech/a]

Some really interesting Bar analysis here.

Remember what I post is only my opinion on how I trade or would trade those stocks I'm in. I am NOT a licienced advisor and this discussion is for interest only.

OK
There are some mature trades about APG is one we have been following and some great spike moves---outliers those we look for.
So Ive posted the EOD charts of APG,JAK and NLX (The one I forgot to label.)

 

[tech/a]

Here is a setup which I often see in stock that pullsback after an initial spike.
Thought I would post an example now to follow and watch how the others develope.
Anyone like to suggest how they would play it.
Buy would have been at open after 30 mins of trading.(Well thats what I would have done)

 

[doctorj]

G'day Tech, great thread.

I've got a little more time to follow it today - did the scans pick up anything this morning?

 

[tech/a]

Didnt trade today other than as indicated.Have a sore nose with a hole (extra one) in it. Think its OK though.
Havent posted CRJ chart as its not a lot different from yesterday.
The following are those charts we have been following for the last few days.

 

[tech/a]

I'll just post these 2 up here not as potential outlier trades but perhaps as practice for those interested in setting them as trades using purely price action.Bit of practice.Anyone like to kick it off on the response thread?

It doesnt matter wether you win lose or draw,lets see how much we can get out of them as an exercise.

 

[tech/a]

DYL Trade.
This was found from a retracement search.Trading this differently to those seen so far.I dont see myself as an Elliot Expert and if those here who are would like to comment on the trade seeing Im using Elliot go ahead.

 

[tech/a]

WSA and BKP updates.If anyone is interested in the Code Private mail me and Ill tell you how its calculated so you can set it up in your software if your a metastock user I can give you the code.I dont wish to issue it generally only to those who may genuinely want it. Its an amazingly simple adaptation of a common oscillator,my playing with it made it more use able I found.

 

[Porper]

DYL Trade.
This was found from a retracement search.Trading this differently to those seen so far.I dont see myself as an Elliot Expert and if those here who are would like to comment on the trade seeing Im using Elliot go ahead.

I am certainly no expert, but wave 4 can never retrace beyond wave 1, so the first 2 counts can't be correct.The centre price action looks like a complex set of patterns with wave w's, x's etc.I find marking these difficult.

However the latest price action certainly could be a wave 1,2 and now in wave 3.On my Excell model, that gives a potential to 0.26-0.28 for wave 3.A nice little trade if it pans out.