Category Archives: Trade Planning

Baidu back to trading range

Baidu (BIDU) made it back to the December / January trading range after finding support around $150. I expect it to be range bound for a while, but I find it trading and holding above $167 very encouraging. I’ll be … Continue reading

Posted in Risk Management, Trade Analysis, Trade Entries, Trade Planning, What to Write in a Journal | Leave a comment

DBA continues higher

The PowerShares agriculture ETF (DBA) keeps on moving higher with a gap at the open today. It continues to print very large candles and displaying relative strength against the broad market and other sectors. For that reason, I took a … Continue reading

Posted in Risk Management, Trade Analysis, Trade Entries, Trade Planning, What to Write in a Journal | Leave a comment

Molycorp’s On Balance Volume rising again.

Molycorp (MCP) had a very strong move yesterday after touching support around $5.20 in early morning trading. You know it was a strong move when price stays within the first standard deviation and never even touches the VWAP (see 5 … Continue reading

Posted in Risk Management, Trade Analysis, Trade Entries, Trade Planning, What to Write in a Journal | Leave a comment

Agriculture ETF Changes Direction

I am long the Agriculture ETF (DBA) as it has been trading above $25 for the past few days and had a very strong gap up move today. The weekly chart shows the ATR line signaling the change in trend … Continue reading

Posted in Risk Management, Trade Analysis, Trade Entries, Trade Planning | Leave a comment

Colfax Monster breakout

I had bought some Colfax (CFX) shares last year and it is time to sell a few today after the monster move yesterday. Taking some profits allows me to have cash on hand to either re-enter at a better price … Continue reading

Posted in Risk Management, Trade Analysis, Trade Entries, Trade Planning, What to Write in a Journal | Leave a comment

Agriculture ETF may have found bottom

The agriculture ETF (DBA) printed a very strong rally this month and it looks like it has found strong support around $24 This may be the start of a long term bull trend, but I need to see it trade … Continue reading

Posted in Risk Management, Trade Analysis, Trade Entries, Trade Planning, What to Write in a Journal | Leave a comment

Russel 2000 reaching key resistance

The Russel 2000 ETF (IWM) is approaching a key level of resistance marked by its broken trend line and the $113.50 price tops of late November and January. It has been lagging the QQQ and SPY in recent weeks which … Continue reading

Posted in Risk Management, Trade Analysis, Trade Entries, Trade Planning, What to Write in a Journal | Leave a comment

Nibbling DRYS

I bought a smaller than usual position in Dry Ships (DRYS) last week as it seems to have found support around $3.23. It is easy to define risk here as the stop will trigger just below $3.10 and my initial … Continue reading

Posted in Risk Management, Trade Analysis, Trade Entries, Trade Planning | Leave a comment

Dryships back in trading range

Dryships is back in the trading range that started in October last year and might have found support around $3.23 yesterday. The ATR trailing stop is still keeping me in the trade and it would have to close below $3 … Continue reading

Posted in Risk Management, Trade Analysis, Trade Entries, Trade Planning, What to Write in a Journal | Leave a comment

Many stops triggered, but short EEM working

I’ve written a few times in my journal that a good way to mitigate risk is to hedge long positions by shorting the weakest markets. A few of my stop loss orders were triggered during this down turn and made … Continue reading

Posted in General Info, Risk Management, Trade Analysis, Trade Planning, What to Write in a Journal | Leave a comment