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Steve's Trading Diary - December 2007


12/31 Bought CRDC. It continued to stay above the T-line. Continue to hold but it definitely needs to stay above the T-line at around the $10 range at this point. 1/2 It closed right on the T-line on Wednesday, which means it needs to open higher and trade higher on Thursday to continue to own it. If it opens lower, come out of the position and wait for the next buy signal. 1/3 It was closed out on Thursday as it closed below the T-line. Any time you see it move up and then it starts moving down, it means there are no buyers around or the buyers were wiped out. 1/4 It should have been closed out on Friday if you still owned it.

12/26 Bought CMGI. Continue to hold as long as it stays up above the T-line. It can be bought aggressively on a positive open on Thursday. A J-Hook pattern is still in progress. 12/31 It closed lower but formed a Doji. It needs to open higher and start trading higher to continue to hold. A lower open and lower trading, especially below the 34 day moving average, would warrant closing out the position. 1/2 It opened higher on Wednesday but right at the T-line where it failed and closed at the 34 day moving average. It's still in a downtrend. If it doesn't show strength immediately on Thursday and stay above the 34 day moving average, close out the position and wait to see what it does when it gets to the 50 day moving average. 1/3 It was closed out as it closed below the T-line on Wednesday and didn't show any buying confirmation on Thursday. 1/4 It should have been closed out on Friday if you still owned it.

12/03 Bought CSUN on the positive open on Friday and closed lower but stayed above the T-line and the halfway point of the candle. Be ready to buy this again aggresively on a positive trading on Monday. 12/18 It can be bought on a positive open with the uptrending channel still in progress. We don't want to see it close below the T-line. 12/19 Continue to hold. It's doing exactly what it should. It's maintaining a nice uptrend. Use a close below the T-line as your stop. 12/20 It formed a Bullish Harami. This one needs to close above the open of Wednesday, which told us the Bulls were in control. If it closes back below that level, start coming out of it, especially if it closes below the T-line. 12/26 It's still working very well. It was up 39% on Wednesday and ready to break out to new highs. All the solar energy companies are doing well. Be ready to buy ESLR, take a look at JASO, and CSIQ is also still recommended. 12/31 It needs to show some strength to come back up into the previous Inverted Hammer type signal. A lower open on Wednesday would warrant taking some of the position off the table. 1/2 If this opens higher on Thursday, start buying it immediately. A close below the recent trend line will probably tell you the Bears are back in control and you should get out of it. 1/3 It did some consolidating but didn't break below the little trend line. Continue to hold but if it closes below the trend line, close out the position. However, be ready to buy it right back, it may just be in a consolidation phase. 1/4 It gapped down after a Bearish Engulfing signal on Thursday and opened below the trend line. It should have been closed out. If you still own it, notice that it closed right on the T-line. If it opens below the T-line on Monday, come out of the position and wait for a J-Hook type set-up.

12/19 Bought FLE. It didn't really get started but it can still be bought on any positive trading over the next day or so. 12/20 It was reiterated as a buy, especially if it moves up through the 34 day moving average. 12/26 It could have been bought again. Continue to hold. It's holding up above the T-line. We'd like to see it open positive. We don't want to see it close back below the T-line. That would tell us the 34 day moving average

 

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