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Steve's Trading Diary - September 2010


9/29 Bought SMCI on the positive trading on Wednesday. It pulled back a little bit but didn't do anything devastating. Be ready to buy this again on any positive trading. If you own it, use the T-line as your stop. If it opens positive above the 50 day moving average on Thursday, you will definitely want to be a buyer. 9/30 Continue to hold but we definitely want to see it trade up above the 50 day moving average on Friday. If it starts getting weak on Friday, close out the position. 10/1 It stayed up above the T-line. If it trades positive on Monday, you will want to be a buyer. 10/4 It's not doing much. Still use a close below the T-line as your stop. 10/5 It's still moving up nicely. It stayed above the T-line. We're anticipating a breakout from the Fry Pan Bottom pattern. If it breaks out, it could move to the 200 day moving average. 10/6 It backed off a little bit but it's still in a nice rounded bottom uptrend. Continue to hold and use the T-line as for stop. 10/7 Continue to hold as long as it stays above the T-line. 10/8 It held up on the T-line very nicely. It's still in a nice uptrend that could move up to the 200 day moving average. 10/11 It's still moving up nicely. Continue to hold. 10/12 It did a little consolidation but didn't show any great selling action. Continue to hold and use the T-line as your stop. 10/13 It's still in a Fry Pan Bottom breakout. Continue to hold. 10/14 It's still moving up very nicely. Continue to hold. It's coming out of a nice Fry Pan Bottom pattern. 10/15 It's still slowly moving up. Continue to hold. 10/18 continue to hold as long as it stays above the T-line. 10/19 The Doji on Monday with the gap down on Tuesday were signs that we should close out the position immediately on the open on Tuesday.

9/27 Bought IPXL on the positive trading coming out of the big Fry Pan Bottom pattern. It can still be bought on positive trading on Tuesday. Anytime you see a gap up, go after it aggressively. 9/28 Continue to hold. It's still in the Fry Pan Bottom pattern. Use the T-line as your stop. 9/29 It's still heading up out of the big Fry Pan Bottom pattern. Use the T-line as your stop. 9/30 Stay long. It formed a nice Fry Pan Bottom. Use the T-line as your stop. 10/1 It had a Doji type day. Be very careful. If it trades at all back below the T-line at approximately the $19.50 level, close out the position. 10/4 It's still moving up nicely. Continue to hold. Use the T-line as your stop. 10/5 It's still moving up nicely out of the Fry Pan Bottom pattern. Continue to hold. 10/6 It's still moving up nicely. Continue to hold. 10/7 It continues to move up nicely. Continue to hold. This is a big Fry Pan Bottom. 10/8 It's still doing great. Continue to hold and use the T-line as your stop. 10/11 It's still moving up from the big Fry Pan Bottom pattern. Continue to hold until you see a sell signal. 10/12 It's still moving strong. Continue to hold. 10/13 It's moving up steadily. Continue to hold. 10/14 It had its first breakdown from the steady uptrend on Thursday. Just watch to see what it does at the T-line. If it trades below the T-line and continues to sell off, close out the position. The only way to keep holding this is to see it open and stay above the T-line. 10/15 It needed to open higher and trade higher, which it did. We don't want to see it trade at all back below the T-line. If it does, it would tell us the Bears are taking control. 10/18 It still hasn't been able to close below the T-line. If it opens positive on Tuesday, you might want to be a buyer while anticipating a J-hook pattern. 10/19 It needed to have a positive open, but didn't. It should have been closed out on the weakness on Tuesday.

9/20 Bought ASIA on the positive open on Monday. It had the perfect setup. It will probably have one more good up-day to bring it even higher. Continue to hold. At this point we don't want to see it trade back below Monday's open. 9/21 It did some backing and filling but it's not unusual after the price moves it had over the last couple of days. It can still be bought on a positive open on Wednesday. 9/22 It's moving sideways. Continue to hold and use the T-line as your stop.  It will probably move sideways while waiting for the T-line to catch up before it pops up again. 9/23 It's still working out nicely. Continue to hold. Our first target is the 50 day moving average. Use the T-line as your stop. 9/24 It continues to move up nicely. Continue to hold. We're still anticipating a test of the 50 day moving average. Then there could be a breakout through that level. 9/27 It came up and touched the 50 day moving average, which was the first resistance level, but it did it relatively slowly. It didn't jump right up to that level. Be ready to take some profits if it trades weaker on Tuesday. More than likely that would mean it's going to lollygag until the T-line catches up. 9/28 It formed a Bearish Engulfing signal. If it opens lower on Wednesday, take profits but anticipate that it will be squeezed between the T-line and the 50 day moving average before it can break to the upside. 9/29 It did a stutter step once it got to the 50 day moving average. Continue to hold as long as it doesn't close below the T-line. We're waiting for it to break out. If it does, it will be heading toward the 200 day moving average. 9/30 It needs to open positive and trade positive. We're looking for it to come up through the 50 day moving average. If it does, it can be bought aggressively. 10/1 It's stuck between the 50 day moving average and the T-line. Continue to hold and use the T-line as your stop, but expect a breakout to the upside. 10/4 It's holding up at this level. Give it another couple of days. 10/5 It's being reiterated as a buy if it opens positive on Wednesday. 10/6 We reiterated a buy on this stock. It can still be bought on a positive open on Thursday. After finally breaking through the 50 day moving average, the next target is the 200 day moving average. 10/7 It backtracked a little bit but it didn't change anything. Continue to hold as long as it doesn't close below the T-line. 10/8 It's working very nicely. Use the 200 day moving average as your target. 10/11 It consolidated a little after Friday's big move. Continue to hold but don't let it close below the T-line. 10/12 It consolidated very nicely back to the T-line and formed a Hammer type signal. It can be bought on a positive open on Wednesday. 10/13 Obviously, it needs to open positive on Thursday and trade positive. Now it has done a left/right combination so look for a positive open. You will probably want to close it out immediately on a lower open. 10/14 It stayed above the T-line. We're looking for the next break to the upside. Use the T-line as your stop. 10/15 It's still indecisive. It formed a Doji right on the T-line. The analysis is very simple. It needs to open positive on Monday to stay in it. 10/18 It's staying just above the T-line. It can be bought on any positive trading on Tuesday. 10/19 It should have been closed out on Tuesday with it trading below the T-line.

9/20 Bought ETM. It was a very safe trade. All you had to do was put your buy stop at the 50 day moving average. This one should continue to trade higher. Just use the 50 day moving average as your stop. 9/21 It's still in a nice uptrend. It formed a Doji on Tuesday. If it opens lower, it will probably test the 50 day moving average. If it opens higher, you will want to be a buyer immediately. 9/22 It came back and tested the 50 day moving average, as expected. It needs to open positive. If it opens positive, it can be bought aggressively. 9/23 It showed some strength but backed off. It had a Doji day so it needs to open positive on Friday to stay in it. If it opens lower, close out the position. 9/24 It's moving up nicely. Continue to hold. 9/27 It consolidated a little bit on Monday but it wasn't dramatic. Continue to hold as long as it doesn't close below the T-line. 9/28 Continue to hold. It's in a slow steady uptrend. 9/29 It has been in a slow steady uptrend. Continue to hold. 9/30 It stayed above the T-line and did a left/right combination. If it trades below the T-line on Friday, close out the position. 10/1 Continue to hold as long as it stays above the T-line. 10/4 It's getting a little bit soggy. It needs to open higher and trade higher to stay in it. 10/5 It needs to break out on Wednesday or else it's too sluggish at the current levels. After a good day like Tuesday, we should have seen more strength in it. If it trades back below the T-line on Wednesday, close it out. It needs to trade above Tuesday's high and break out from the current level for us to stay in the position. 10/6 Give it one more day. It's starting to roll over. If it opens lower on Thursday, close out the position. It needs to open higher and break out from this level. 10/7 Continue to hold as long as it stays above the T-line. It had a Doji type day on Thursday. It needs to move positive to stay in it. 10/8 It finally broke out. It can be bought on positive trading on Monday. We're anticipating it will test the 200 day moving average very quickly. 10/11 It's acting very well bouncing up off the T-line over the last couple of days. We're still using the 200 day moving average as our target. 10/12 It pulled back a little bit but used the T-line as support. Use the T-line as your stop. 10/13 It's in a nice, slow, steady uptrend. Continue to hold. It's getting to the point where it might break out pretty soon. 10/14 It's getting toppy but it didn't do anything severe. It closed right at the T-line. To stay in the position, it needs to open positive and trade positive. 10/15 It's staying above the T-line and moving up slowly. We're still targeting the 200 day moving average. 10/18 Continue to hold as long as it stays above the T-line. 10/19 It formed a little Evening Star signal that closed below the T-line. It should have been closed out.

9/9 Bought EDMC on the positive open on Thursday. Notice how it opened above the T-line. It can still be bought on positive trading on Friday. Just use the T-line as your stop. 9/10 This can still be bought on a positive open. We bought this on Friday. If you haven't gotten into the position yet, it can be bought if it opens positive. If you only have a partial position, you can add more to achieve a full position if it opens positive on Monday. 9/13 It's staying above the T-line. Continue to hold and use the T-line as your stop. 9/14 It consolidated but stayed up above the T-line. We've would definitely like to see it open positive on Wednesday. 9/15 It stayed above the T-line. It can be bought aggressively on a positive open on Thursday. 9/16 It was reiterated as a buy in the chat room Thursday morning as it gapped open. We were looking for a Fry Pan Bottom breakout. When it gapped open Thursday morning, it was the breakout we were looking for. Continue to hold and look for the 50 day moving average as being the first target. 9/17 It almost touched the 50 day moving average but didn't quite get there. Continue to hold. Use the halfway point of Thursday's bullish candle at the T-line as your stop. 9/20 It's still moving up nicely. If it can get up through the 50 day moving average, there is a lot of running room. It has formed a huge Fry Pan Bottom/Cradle pattern, which tells us there is a lot of upside potential. 9/21 It's having a tough time getting up through the 50 day moving average. If it opens lower on Wednesday, close out the position. It's probably waiting for the T-line to catch up. You can always buy it back when it comes up through the 50 day moving average. 9/22 It came up nicely through the 50 day moving average on the close on Wednesday. Continue to hold. We will probably see another up-move and a pullback before it starts moving up again. Watch for the next sell signal. 9/23 It stayed up above the 50 day moving average and held up pretty well on Thursday. Use the 50 day moving average as your stop. If it comes down through there, it's getting soggy. It needs to open higher and show some strength on Friday. 9/24 It's getting a little bit testy at this level. It formed a Tweezer Top.  It needs to open positive and trade positive to stay in it. We don't want to see it start trading down on Monday. If it does, you will probably want to take some off the table immediately. 9/27 It formed a Spinning Top and then a Bearish Engulfing signal. If it opens lower on Tuesday, especially back through Monday's low of $11.73, close out the position. It needs to open higher and trade higher to stay in it. 9/28 It sold off for a while but came back up. It stayed above the T-line. Be ready to buy this aggressively on a positive open on Wednesday. 9/29 Be ready to buy this on positive trading. 9/30 It had a very nice move on Thursday. Being in a position like this at the right place at the right time helps the entire portfolio on an otherwise soggy day. 10/1 It's still in a nice J-hook type pattern. Anticipate the 200 day moving average as being the target. Continue to hold. At this point use the T-line as your stop. 10/4 It's still moving up even though it backed off on Monday. It needs to open higher and trade higher. If it comes back down through Monday's low of $13.95, you will probably want to close out the position. 10/5 Even though it had a strong day in the markets, it consolidated and came back up. If it opens positive on Wednesday, it will be a good buying opportunity. 10/6 It cannot close below the T-line. Continue to hold. Our next target is the 200 day moving average. 10/7 It only has one choice on Friday. It needs to open positive. If it opens negative, close out the position. 10/8 It can't get back below the T-line, but it's very close. It needs to open positive on Monday to stay in it. If it comes back up through Friday's high of $14.35, you will want to be an aggressive buyer. 10/11 It's very difficult to justify staying in the position. It must open positive on Tuesday to stay in it. 10/12 It should have been closed out on Tuesday as it closed below the T-line.

9/30 Bought HMA on the positive trading. It came back down toward the lower end of the trading range. Continue to hold but it needs to have positive trading on Friday. If it trades lower, close out the position. That would mean it failed at the 200 day moving average. 10/1 It should have been closed out as it came back down on a Bearish Engulfing signal and closed below the T-line. It formed a Double Top and failed at the 200 day moving average.

9/17 Bought ADY. Just be careful because there are only 100,000 shares being traded in this one. Even though this has a nice chart, the volume may be too low unless you're trading very small positions. 9/21 Even though it has low volume, it still has a nice chart. If it comes up through the 50 day moving average on Wednesday, you will definitely want to be a buyer. 9/22 It formed an Evening Star signal below the 50 day moving average and closed on the T-line. It needs to open positive and trade positive to stay in it. 9/23 It's still in the little "squeeze" area. It needs to stay above the T-line. 9/24 It's still in the little "squeeze" area. Look for a breakout, especially to the upside. Use the T-line as your stop. 9/27 The volume is picking up nicely. Notice how it came back and used the T-line as support before coming back up through the 50 day moving average, which was not acting as resistance. This can be bought on a positive open on Tuesday. 9/28 It's still trying to break out. It can still be bought, especially on more positive trading that would break it out through the recent highs. Use the T-line as your stop. 9/29 It moved up nicely. It can still be bought on positive trading, especially after the little Spinning Top/Doji. If it breaks out, it could move up another two or three points very quickly. 9/30 It traded much lower on Thursday but bounced off the 20 day moving average and came back up. It needs to stay positive. If it opens lower on Friday, close out the position. 10/1 It should have been closed out after the left/right combination and the Hanging Man signal that closed below the T-line on Friday.

9/24 Bought CRK on the positive trading on Friday. It was up with the rest of the market. Continue to hold and watch what it does when it gets to the 200 day moving average. 9/27 Continue to hold. As you can see there will probably be a "squeeze" occurring with this one between the T-line and the 50 day moving average. Don't let it close below the T-line. 9/28 It got a little bit soggy but stayed above the T-line. It almost formed an Evening Star signal. It needs to open positive and trade positive over the next day or so. It will probably trade flat for a couple of days until it moves through the 50 day moving average. 9/29 Continue to hold. Look for it to break through the 50 day moving average. Use a close below the T-line as your stop. 9/30 It can be reiterated as a buy if it opens positive above the 50 day moving average on Friday, especially after a Doji. 10/1 It came up through the 50 day moving average. It can be bought aggressively on any positive trading. 10/4 It formed an Evening Star signal at the 50 day moving average. It should have been closed out on Monday because it's showing that it's failing at the 50 day moving average.

9/21 Bought PTRY on the positive trading. It came back and closed lower so it needs to open positive and trade positive to stay in it. If it opens lower on Wednesday, you will probably want to close out the position. That would mean its bobbing at the T-line and would not be forming a J-hook pattern. 9/22 We're still holding this. It didn't close below the T-line. Use the T-line as your stop. 9/23 It's getting a little bit toppy at this level. If it opens lower on Friday, close out the position immediately. 9/24 It's still forming a Rounded Bottom pattern. Look for this to possibly break out very soon. 9/27 Get ready to buy this on any positive trading. The wave one, wave two, and wave three action is looking good. 9/28 We have reiterated this as a buy if it breaks through the $24 range. 9/29 This could have been bought again on the positive trading. It can still be bought on positive trading on Thursday. 9/30 We're still looking for it to break out to the upside. Use the T-line as your stop. 10/1 It formed a bearish left/right combination on Friday. If it opens lower, come out of it and see what it does when it gets to the T-line. 10/4 It should have been closed out on the weakness on Monday.

9/15 Bought SOL. It had a Doji type day. If you bought it as it was trading positive, you're all right. You will definitely want to be a buyer if it opens positive on Thursday. We don't want to see it trade back below Wednesday's low at around the $9.90 level. Use that as your stop. The J-hook pattern should be illustrating that it will open higher and trade higher. 9/16 Continue to hold. It can still be bought on positive trading on Friday. 9/17 Continue to hold and use the T-line has your stop. 9/20 It had a nice strong day. It's moving away from the T-line. It should be in the next wave of the J-hook pattern. Just be prepared to take some profits soon. 9/21 It came up nicely and formed somewhat of a Shooting Star signal. If it opens lower, you will probably want to take some profits. It's getting close to the maximum of what wave three might produce. 9/22 It continued its uptrend. We don't want to see it trade back below Wednesday's open of $11. 9/23 It gapped down on Thursday with a Doji. We would have taken half the position off. It needs to open higher to stay in it. If it opens lower, close out the position completely. 9/24 It continues to move up. Continue to hold. It has moved a little bit away from the T-line now so watch for it to move sideways or a little lower. Be prepared to take some profits. Notice that wave three is approximately the same as wave one. 9/27 It's getting a little bit toppy but it isn't anything that has broken the uptrend. 9/28 It continued to stay above the T-line. Look for it to open positive on Wednesday. Use the T-line as your stop. 9/29 It's continuing in a nice steady uptrend. Continue to hold. 9/30 It's still moving up nicely. Continue to hold. We don't want to see it trade back below Thursday's low of $12.04. If it does, it would probably mean there is some profit-taking coming in. 10/1 It pulled back a little bit but it's nothing yet to show any selling pressure. Use Friday's low of $12.06 as your stop. 10/4 It should have been closed out on Monday as it closed just below the T-line after the Hanging Man signal.

9/14 Bought SMT as it traded positive on Tuesday and it's still in a position where it can be bought on positive trading on Wednesday. If you own it, continue to hold as long as it closes above the T-line. 9/15 It could have been bought on the positive trading on Wednesday. Continue to hold. 9/16 Continue to hold until you see a sell signal. It did move up. It's still in the lower end of the stochastics. There could be a lot more upside movement left in this one. 9/17 It consolidated but the upward trajectory didn't change. Use the T-line as your stop. We don't want to see it trade at all below Friday's low. 9/20 It's getting a little bit sluggish but it's probably moving sideways while waiting for the T-line to catch up. Use Friday's low as your stop. 9/21 It's just moving sideways and waiting for the T-line to catch up. Use a close below the halfway point of Thursday's large bullish candle, which would coincide with the T-line, as your stop. 9/22 It got scary but did what we expected. It came back and tested the T-line, which means it has to open higher for us to stay in it. 9/23 It stayed just above the T-line. It needs to open higher and trade higher. If it opens lower on Friday, close out the position. 9/24 It should be bought aggressively on a positive open on Monday. 9/27 Get ready to buy this if it opens positive on Tuesday. It has broken through the 50 day moving average and now needs to break out through the recent high levels. 9/28 This has been reiterated as a buy if it opens positive on Wednesday. It's doing a J-hook pattern set-up. Use the T-line as your stop. 9/29 We had reiterated this as a buy. It traded down most of the day. If you bought it, continue to hold as long as it closes above the T-line and be prepared to buy it again on positive trading on Thursday. 9/30 It closed right on the T-line. It definitely needs to open positive. It did a left/right combination in the overbought area. If it opens lower, close it out immediately. Then see what it does when it gets to the 50 day moving average. 10/1 It closed on the T-line. It has to open higher and trade higher on Monday for us to stay in the position. 10/4 It should have been closed out because it couldn't stay up above the T-line anymore.

9/10 Bought OCLR on the positive trading on Friday. It can still be bought on positive trading on Monday. It formed a nice J-hook pattern that is about ready to break out through the resistance level. Use Friday's open as your stop. It shouldn't come back down through that level. 9/13 It's moving up nicely. Continue to hold until you see a sell signal. 9/14 It's still moving up nicely. We want to see it break out through the recent high levels. Use the T-line as your stop. 9/15 After its previous breakout, it's still in a nice steady uptrend. Continue to hold and use the T-line as your stop. 9/16 It's still in a slow uptrend. Use the T-line as your stop. 9/17 It's still moving up nicely but we definitely want to see it open positive. 9/20 It's in a nice uptrending channel. We may see a little profit-taking and sideways movement while it waits for the T-line to catch up. 9/21 It's still moving up. It had a Doji type day on Tuesday. Still use the T-line as your stop. As a matter of fact, we don't want to see any trading at all below the T-line. 9/22 It formed an Evening Star signal. It didn't confirm by closing below the T-line. On Thursday it needs to stay above the T-line for us to stay in the position. 9/23 It closed indecisively right at the T-line. It needs to open positive to stay in it. If it opens lower, close out the position. 9/24 Look for it to break out from the little Morning Star signal. It can be bought immediately on positive trading. It formed a Fry Pan Bottom and then had a strong price move. Now it is forming a J-Hook pattern and we expect another strong price move. 9/27 Use the T-line as your stop. Look for a breakout from these top levels at around the $15 area. If it comes up through $15, you will want to be a buyer. 9/28 We're looking for a breakout to the upside. Be ready to buy this on any trading above the $15.20 level. 9/29 We had put this on the recommended breakout list in Monday night's chat room. It did break out. Continue to hold. 9/30 It came back a little bit but the uptrend hasn't changed yet. Continue to hold and use the T-line as your stop. 10/1 It's getting a little bit "iffy". If it opens lower on Monday, close out the position and wait to see what it does at the T-line. 10/4 It should have been closed out because it closed more than halfway down the last bullish candle and closed too close to the T-line. If you still own it, it should be closed out on any weakness on Tuesday. It needs to open positive and trade positive to stay in it.

9/28 Bought HMIN on the positive trading on Tuesday. Continue to hold. Look for a breakout with a J-hook pattern to the upside. We don't want to see it trade at all back below Tuesday's open of $49.30. 9/29 It backed off quite a bit. Remember, it recently formed a positive bullish signal so watch for it to open positive and trade right back up. If you see it start trading up, you'll want to be in the position. 9/30 It pulled back and used the T-line as support. If it opens positive on Friday, it can be bought aggressively. Use the T-line as your stop. 10/1 It's still in a nice, slow, steady uptrend. Continue to hold. 10/4 Even though it didn't close below the T-line, we will probably start exiting the position as the market is showing weakness and the stock showed weakness on the close on Monday. This is somewhat of an indication that the stock had reached a top. If you didn't close it out, it definitely needs to be closed out if it opens weaker on Tuesday. 10/5 The trade is still working. Continue to hold. If it breaks out through the current high levels, it should have a good run. 10/6 It should have been closed out on Wednesday as it closed below the T-line after forming a Bearish Engulfing signal and a Dark Cloud right at the resistance level.

9/9 Bought ATHN on the positive open. It pulled back but it's nothing to worry about. Continue to hold as long as it doesn't close back below the T-line. 9/10 It backed off a little bit but stayed above the T-line. Give it one more day. It definitely needs to open positive and trade positive to stay in it. 9/13 It's forming a nice Rounded Bottom pattern. It stayed up above the T-line. It can be bought on positive trading on Tuesday. 9/14 It stayed above the T-line. It's still showing a rounded bottom action.  If it opens positive it can be bought. It could move up to the 200 day moving average. 9/15 It's staying above the T-line. Notice how it's forming a little Doji. If it gaps up on Thursday, buy it immediately. If it gaps down on Thursday, close it immediately. 9/16 It's forming a nice Fry Pan Bottom pattern and it's staying above the T-line. It can still be bought on positive trading on Friday. 9/17 It needs to open positive. If it opens lower, close out the position immediately. That would tell us it has run out of steam at this level. 9/20 It needed to open higher and trade higher for us to stay in it, which it did. Continue to hold and use a close below the T-line as your stop. 9/21 It can still be bought. It's still showing a nice Fry Pan Bottom characteristic. The 200 day moving average is our target. Use the T-line as your stop. 9/22 It may be getting a little bit soggy. Continue to hold as long as it stays above the T-line. However, if the market goes sour on Thursday you will probably want to close this out and wait to see what it does at the T-line. 9/23 It needs to open higher on Friday after Thursday's Doji. It's doing a little Cup and Handle type set-up. If it trades below the T-line, close it out. 9/24 It's still in a nice Fry Pan Bottom pattern. It's staying above the T-line and moving up. The 200 day moving average is still our target. 9/27 It's moving up slowly but steadily. Continue to hold and use the T-line as your stop. 9/28 It consolidated and came back up. Be ready to buy this on positive trading on Wednesday. We're looking for it to move up to the 200 day moving average. 9/29 Continue to hold. It's now at the breakout point. 9/30 It had a very nice move on Thursday. It's now at the 200 day moving average. This is a logical place to take off half the position because the 200 day moving average was the first target everyone was watching. Now we need to see if it can break through. If it starts backing off from here, take off the other half of the position. 10/1 It's butting its head on the 200 day moving average. If it opens lower, you will probably want to take some profits with the anticipation that it will be squeezed for a few days between the T-line and the 200 day moving average. You can always set your stop at around the $33 level. If it comes up through that range at the 200 day moving average, you will want to be a buyer again. 10/4 It's in a "squeeze" area. Continue to hold. We don't want to see it close below the T-line. 10/5 It came up through the 200 day moving average. If it opens positive on Wednesday, you can still be a buyer. 10/6 It should have been closed out on Wednesday after it gapped down from the Doji type day and closed below the T-line.

9/30 Bought ESI on the positive trading on Thursday. It did very nicely. It moved up substantially. Continue to hold. We're looking for it to move up to the 200 day moving average. 10/1 It traded up most of the day but sold off at the close. It can still be bought on positive trading on Monday. It should be in a J-hook pattern to the upside. 10/4 It needs to be closed if it opens lower on Tuesday. It needs to open positive and trade positive to stay in it. 10/5 It stayed up above the T-line. If it opens positive on Wednesday, it can be bought. 10/6 Get ready to buy this on any positive trading on Thursday. It looks like it's trying to form a J-hook pattern. 10/7 It closed below the T-line on Thursday and should have been closed out. If you still own it, it needs to open positive and trade positive. If you closed it out, that's fine. You can always buy it back if it moves positive.

9/1 Bought GGAL on the positive open. It can still be bought on the positive open on Thursday. Use the T-line as your stop. 9/2 It consolidated all the way down to the T-line and came back up. It can be bought if it opens positive. 9/3 It was a little bit soft. It was merely profit-taking in an uptrend. We'd like to see it open positive and trade positive. 9/7 It traded positive. It used the T-line as support. Be ready to buy this on positive trading on Wednesday. 9/8 It's getting close to a breakout level. Be ready to buy this aggressively on a positive open on Thursday. 9/9 It's still in a nice steady uptrend. Continue to hold as long as it trades above the T-line. 9/10 It consolidated back to the T-line. It needs to open positive and trade positive to break out from this level quickly. 9/13 It's still moving up nicely. Continue to buy this, especially on positive trading on Tuesday. 9/14 It's still being squeezed above the T-line at the resistance level. Use the T-line as your stop. We need to see it break out through the upper level pretty soon. 9/15 It's staying above the T-line. Continue to hold. Close out the position on a close below the T-line. 9/16 It came back to the T-line. It needs to open higher and trade higher. If it opens lower, it tells us it couldn't break through the recent high levels. 9/17 It needed to open higher and trade higher off the T-line, which it did. Continue to hold. 9/20 It's still in a nice uptrend. Continue to hold. 9/21 It's still in a steady uptrend. It did some backing and filling on Tuesday but it was nothing to tell us a reversal was occurring. Continue to use the T-line as your stop. 9/22 It didn't form a sell signal but it's getting a little bit soggy. Use the T-line as your stop. 9/23 It needs to open higher to stay in it. Obviously, close out the position if it opens lower. It needs to form a J-hook type pattern. 9/24 It couldn't get below the T-line. Continue to hold as long as it stays above the T-line. 9/27 Continue to hold as long as it stays in an uptrend above the T-line. 9/28 It's still in an uptrend. We don't want to see it trade back below Tuesday's low. That would also bring it back below the T-line on Wednesday. 9/29 It may be running out of steam. Use the T-line as your stop. It formed a bearish left/right combination. To be negated, it needs to trade positive on Thursday. 9/30 It had a Doji type day. It might be getting a little bit toppy. Use a close below the T-line as your stop. 10/1 It's still in a nice steady uptrend. Continue to hold as long as it doesn't close below the T-line. 10/4 It's getting a little bit toppy. It formed a left/right combination. If it opens lower on Tuesday and trades down below the T-line, close out the position. 10/5 If it breaks out through the current high levels, it has a lot of upside potential left in it. 10/6 If it opens lower, close it out. Apparently it's having a hard time getting through its current resistance level. The only way to stay in the position is to see it open higher and trade higher immediately. 10/7 It should have been closed out on Thursday with it closing back below the T-line on a Bearish Engulfing signal.

9/24 LULU was not shorted because it traded positive.

9/24 GNW was not shorted because it traded positive.

9/24 CTEZ0 was not shorted. It opened positive and traded positive on Friday. It traded up again after hours on Sunday night.

9/27 CNYD was not bought on Monday even though it opened positive because it only trades about 30,000 shares a day.

9/27 ENTR was not bought because it opened and immediately traded lower. It could have been bought if it came back up through Monday's open, which it didn't do. It can still be bought if it comes back up through the $10 level. Continue to hold and use the T-line as your stop.

9/23 Bought STP as it came back up through the 50 day moving average on Thursday. It closed right at $9.35, our buy stop. It can still be bought on a positive open on Friday. Notice that it moved positive in spite of what the market was doing on Thursday. 9/24 It continued to move higher. Continue to hold. Use the T-line as your stop. This could be the beginning of a strong breakout. 9/27 It should have been closed out on Monday with it opening lower after the little Hanging Man signal and closing below the T-line.

9/22 Bought BIOS on Wednesday as it opened positive. It can be bought aggressively on a positive open on Thursday after Wednesday's Doji that held up above the 50 day moving average. 9/23 It backed off. It needs to open higher and trade higher on Friday to stay in it. If it opens lower, it's showing us the 50 day moving average acted as resistance. 9/24 It's still staying up above the T-line. Continue to hold and use the T-line as your stop. 9/27 It was holding up well but then it closed below the T-line. It should have been closed out on the close. It can always be bought back if it comes back up through the $5.50 area.

9/28 AMED was not bought. It didn't open positive on Tuesday. If you already owned it, it should've been closed out immediately. Now it's forming a Kicker signal to the downside. It can be shorted on any weakness from here.

9/22 Bought TSTC on the positive trading on Wednesday. It moved up nicely. Continue to hold. It formed a nice Fry Pan Bottom pattern. At this point use the 50 day moving average as your stop. 9/23 It backed off a little bit on Thursday but the trajectory didn't change.  Continue to hold. We don't want to see it close below the T-line. 9/24 This can definitely be bought on a positive open on Monday. That would be continuing the Fry Pan Bottom breakout. 9/27 It got ugly on the close on Monday after holding up reasonably well. It stayed above the T-line but if it opens weaker on Tuesday, you will probably want to close it out. 9/28 If you got stopped out on Tuesday, that was fine. However, it reversed and came back up. This is a stock that you can re-enter on a positive open on Wednesday.

9/17 Bought F on the positive trading on Friday after the gap up from the Hammer type signal. It can still be bought on a positive open on Monday. 9/21 It got a little bit toppy. The long-term investor should continue to hold as long as it doesn't come back down through Thursday's open. 9/22 It tested the T-line. It needs to open positive for traders to stay in it.  Long-term investors should keep holding it as long as it stays above the 50 day moving average. 9/23 It was indecisive on Thursday. It needs to stay up above the 50 day moving average. 9/24 It bounced back up nicely. It's doing a nice J-hook pattern set-up. 9/27 Although it backed off a little bit, it didn't do anything dramatic. We'd like to see it open positive and trade positive on Tuesday. Traders should use a close below the T-line as your stop. Long-term investors should use the 200 day moving average as your stop. 9/28 Continue to hold. As a matter of fact, it can be bought on a positive open on Wednesday. If it opens positive, wave two will be over and wave three will be starting. 9/29 Traders should have closed out the position. Long-term investors can continue to hold as long as it stays above the 50 day moving average.

9/13 Bought MDCO on the positive trading. Even thought it didn't do anything, it's still in an uptrend. It can still be bought on positive trading on Tuesday. But we don't want to see it trade back below Monday's low. 9/14 It's still moving up nicely. It should have a nice 45 degree move from here. Continue to hold. At this point, to be safe, we don't want to see it trade at all back below Tuesday's open. 9/15 It's still in a nice 45 degree uptrend. Continue to hold until you see a sell signal and a close below the T-line. Use the T-line as your stop. 9/16 It's getting a little bit toppy but it's probably just moving sideways until the T-line catches up. At this point we don't want to see it close back below Thursday's low of $14.27. If it closes below that level, it probably means it will come down to test the T-line. 9/17 It's continuing its uptrend. Use the T-line as your stop. 9/20 It's still in a 45 degree upward trend channel. Continue to hold and use the T-line as your stop. 9/21 It's still moving up nicely. You might consider taking some profits here but there is nothing yet to tell us the sellers are in control. 9/22 It has to open higher for us to stay in it. Otherwise, if it opens lower, it has run out of steam. 9/23 It formed a Doji right on the T-line. This is a very simple analysis. It needs a positive open to stay in it. If it opens lower, close out the position. 9/24 It's forming a little Scoop type pattern. It can be bought on positive trading on Monday. 9/27 It's lollygagging on the T-line. Continue to hold as long as it doesn't close below the T-line. 9/28 It's staying above the T-line, but just barely. It needs a pop to the upside. 9/29 It didn't do what it should have done after the Spinning Top. It should have been closed out. You can always buy it back if it forms a strong buy signal.

9/30 PLX was not bought. It had a nice breakout on Wednesday but didn't confirm on Thursday. It opened and immediately traded lower. However, it can be bought if it comes back up through the $9.00 range on Friday.

9/28 Bought GLEV0 on the positive trading on Tuesday. Continue to hold. It stayed just above the T-line. If this opens positive on Wednesday, it can be bought aggressively. 9/29 It didn't break out on positive trading. Instead, it reversed. It's now showing an Evening Star signal at the T-line and the 20 day moving average. If it starts showing weakness, it could be heading down to the 200 day moving average. 9/30 It hasn't been able to come back up through the T-line just yet. Stay out of the long position and be ready to go short if it can't get up through the T-line.

9/15 Bought PHYS on the positive trading but it closed lower. If you closed it out on the close, you're fine. It needs to open higher and trade higher to stay in it. The profit margin in this stock may not be that great but if you're in it, stay in it and look for positive trading on Wednesday. Otherwise, disregard this one as a recommendation. 9/16 It gapped open but closed lower. It needs to open positive and trade positive to stay in it. If it opens weaker on Friday, close out the position. This has turned into a lousy trade. 9/17 It should have been closed out. It wasn't a very good recommendation in the first place since the volume was very low.

9/2 Bought IDT on the positive trading on Wednesday. It closed right at the 50 day moving average. It formed a Doji. If it opens positive on Friday, you will still want to be a buyer. Notice the Cradle pattern formation. 9/3 It sold off, came down to test the T-line, and didn't come back up very much. To continue holding this, it needs to open positive and trade positive on Tuesday. If it trades back below the T-line, close out the position. 9/7 Although it traded lower, it couldn't close below the T-line. Continue to hold. If it opens lower on Wednesday, close it out immediately. 9/8 It's not doing anything aggressive. It's staying above the T-line. Continue to hold as long as it stays above the T-line. 9/9 It stayed above the T-line. It needs to trade positive and start coming out of this current area pretty quickly. Use the T-line as your stop. 9/10 It's staying up above the T-line. Give it another day to see if it will blast out of this trading area. 9/13 It bounced up off the T-line. It can be bought on higher trading on Tuesday, especially if it comes up through the 50 day moving average. 9/14 It pulled back and is starting to lose some of its energy. It definitely needs to open positive and trade positive for us to stay in the position. 9/15 It stayed up above the T-line. It's coming off the previous Cradle pattern. It needs to have a breakout in the next day or so. Use the T-line as your stop. 9/16 It needs to open positive and trade positive on Friday. Continue to hold as long as it stays above the T-line. 9/17 It should have been closed out with it closing below the T-line. It wasn't going anywhere so it was time to get out of the position.

9/2 Bought SID on the positive trading on Wednesday, especially after the Doji followed by the gap up. Continue to hold until you see a sell signal. 9/3 It got a little bit soggy but didn't do anything to change the upward trajectory. We'd like to see this open positive and trade positive on Tuesday. 9/7 It gapped down but immediately started trading back up above the T-line and the 50 day moving average. It needs to trade higher on the open on Wednesday to stay in it. If it opens lower, close out the position. 9/8 It can be bought again on positive trading. Notice that the little Belt Hold type signal knocked out all the profit-taking. It's above the T-line now. Buy it on a positive open on Thursday. 9/9 It moved up nicely. Continue to hold. We'd like to see it gap open. If it gaps open above Thursday's open, start buying it immediately. 9/10 It came back down and tested the T-line. It needs to open positive and trade positive to stay in it. If it opens lower on Monday, close out the position immediately. 9/13 It can be bought aggressively on a positive open on Tuesday. It's setting up for a Kicker derivative signal. 9/14 It's still setting up very nicely. If it opens positive, you will still want to be a buyer. Use the T-line as your stop. 9/15 It stayed above the T-line but it's getting a little toppy at this level.  It needs to open positive on Thursday and trade positive. If it trades soggy on Thursday, close out the position. It's running out of juice in the stochastics and isn't showing any significant move to the upside anymore. 9/16 It's still in a nice steady uptrend. Continue to hold and use the T-line as your stop. 9/17 It should have been closed out with the Bearish Engulfing signal that closed below the T-line.

9/1 Bought XTXI on the positive open on Wednesday. Continue to hold until you see a sell signal. 9/2 It consolidated a little bit on Wednesday but didn't do anything to change the upward trajectory. Obviously, it needs to open higher and trade higher for us to stay in it. If it comes up through Thursday's high you haven't bought it yet, that would be a good place to buy. 9/3 It got a little bit soft but didn't do anything to tell us the uptrend wasn't still in progress. Use the T-line as your stop. 9/7 It opened lower but came right back up. Continue to hold, especially if it opens positive on Wednesday. 9/8 It moved up very nicely. Continue to hold. It's coming up to test the recent high levels. 9/9 It consolidated nicely. If it opens positive on Friday, start buying it aggressively. 9/10 It's still in an uptrend. It has been a little bit indecisive here but the stochastics have just turned into a downtrend mode. We're still looking for this to break through the upward trend channel. Continue to hold. 9/13 It's still moving up nicely. Watch for it to break out through the recent highs. 9/14 It consolidated a little bit on Tuesday. It needs to open positive. If it opens negative on Wednesday, you will probably want to take some profits because it could then come back down to test the T-line. 9/15 It has consolidated a little bit at this level but it's nothing to tell us there has been any definite selling. It's merely indecisive. If it opens positive, especially if it moves up through the recent high levels, it can be bought aggressively. 9/16 It has to open positive and trade positive for us to stay in it. If it opens lower, it will have formed a left/right combination to the bearish side and we will want to close out the position. 9/17 It should have been closed out as it closed below the T-line.

9/13 Bought APL on the positive trading. It's coming out of a Fry Pan Bottom pattern. It can still be bought on a positive open and positive trading on Tuesday. 9/14 Continue to hold as long as it stays above the T-line. It had an opportunity to break out on Tuesday but didn't. It needs to break out soon. 9/15 It pulled back, used the T-line as support, and bounced back up. If it opens positive on Thursday, you can definitely be a buyer if you're not already in it. It's forming a nice little Cup and Handle pattern. If it closes below the T-line, close out the position. 9/16 Hopefully it's forming a Cup and Handle pattern. It needs to open positive and trade positive on Friday to stay in it. 9/17 It stayed above the T-line. It's setting up nicely. If it opens positive, especially if it breaks out through the recent high levels, you will want to be an aggressive buyer. 9/20 It should have been closed out on Monday as it closed below the T-line. We had hoped it would form a Cup and Handle pattern but it didn't so we will put our money somewhere else.

9/15 Bought GLEV0. Notice how it's coming up to the top of the trend line. If it opens positive on Thursday, be a buyer. If it breaks out, it could be an a nice lengthy wave three to the upside. 9/16 We're reiterating a buy on this. It can be bought on any positive trading on Friday. As long as it stays above the open of Thursday, you can be a buyer. Use your 10-minute chart to enter this trade. 9/17 October Cattle is still being reiterated as a buy, especially if it opens positive and trades up through the recent high levels. It could start a third wave to the upside. 9/21 It should have been closed out immediately as it traded lower.

9/13 Bought HGR as soon as it opened positive. Continue to hold. The 50 day moving average is our first target. 9/14 It consolidated nicely on Tuesday. Be ready to buy it if it opens positive on Wednesday. Anytime you see a Doji with the stock not quite in the overbought area, there will probably be more upside movement. If it opens positive, it can be bought. The Doji is probably just a resting stage until it gets another boost to the upside. 9/15 It's still in a nice steady uptrend. It's getting a little bit indecisive but still has a shot to reach the 50 day moving average. If you see a big move on Thursday to the 50 day moving average, with it in the overbought area and stretching to get to that level, take half the position off at the 50 day moving average. 9/16 It waffled on Thursday. It still looks like it could head for the 50 day moving average. Use the T-line as your stop. 9/17 It consolidated but stayed above the T-line. It used the T-line as support. However, it needs to have positive trading. If it opens lower on Monday, close out the position. 9/20 It's still consolidating. It needs to open higher and trade higher for us to stay in the position. 9/21 It should have been closed out when it closed below the T-line.

9/22 Bought ROVI but it should have been closed out as it came back down through Tuesday's close. If you still own it, give it one more day because it's still coming off a very strong signal. If you sold it, be ready to buy it back on any positive trading on Thursday.

9/21 Bought SYNT on the positive trading on Tuesday. It's setting up the J-hook pattern. Use a close below the T-line as your stop. It shouldn't trade in that direction. It should trade higher. It can still be bought if it comes up through Tuesday's high of $44.02. That would tell us the J-hook pattern is still in progress. 9/22 It should have been closed out on Wednesday as it closed back below the T-line, which it wasn't supposed to do.

9/20 Bought RDWR on the positive trading. It didn't do anything rambunctious but we can tell the profit-taking is over. We would still be a buyer on any positive trading on Tuesday. Use a close below Monday's low at the halfway point of Friday's bullish candle as your stop. 9/21 It closed as a Bearish Engulfing signal. It probably should have been closed out. At the very least it should be closed out on Wednesday if it opens lower. That decision would be a function of what the overall market is doing. It would probably come back to the T-line. If the markets are weaker and this stock is weaker, there is no sense being in it. We would then wait for the next buy signal. 9/22 We suggested closing this on Tuesday after the Bearish Engulfing signal because we thought it would probably come back to test the T-line, which it did. However, it can still be bought on a positive open. If you held onto it, it needs to open positive to stay in it.

9/23 TCK was obviously not bought on Thursday with it opening much lower. There were no Bulls in this trade.

9/17 Bought AMED. It needs to open higher and trade higher. It can still be bought aggressively if it comes up through the $28.35 level. 9/21 It had a nice spike during the day on Tuesday. It needs to open higher and trade higher to stay in it. If it opens lower, close out the position and wait to see if the T-line will act as support. 9/22 It didn't do anything to confirm the previous sell signal. We don't want to see it trade back below Wednesday's low on Thursday. That would tell us the Bears are still there. 9/23 It should have been closed out on the weaker open on Thursday. After Wednesday's Doji it came back down to the T-line and kept going lower.

9/16 Bought SPMD on the positive trading. It pulled back but closed just above the T-line. On Friday it needs to open positive and trade positive to stay in it. If it opens lower, close out the position. 9/17 This can be bought but it needs to come up through the recent high levels with aggressiveness. Otherwise, it doesn't appear to be in a very strong uptrend. 9/20 Continue to hold but it needs to break out very soon. Do not let it close below the T-line. 9/21 It's still above the T-line but it's slow and boring. It needs to have a breakout very soon. If it closes below the T-line, close it out. 9/22 It needs to open positive and trade positive on Thursday. Otherwise, it's time to close out the position. 9/23 It should have been closed out with the weaker open on Thursday. It can always be bought back if it comes back up through the T-line.

9/10 Bought IGTE but it should have been closed out when it formed a Bearish Engulfing signal. However, if it opens positive and trades positive, you can buy back in.

9/10 GLEV0 was not shorted. It didn't get to our execution point. If it goes below $96.72, it can be shorted. It needs to break down through that level to show that it's failing at the T-line. Then use the T-line has your stop. It shouldn't close up above that level. The stochastics are trying to bottom out but they're not in the oversold area yet.

9/8 Bought ARNA on the positive trading on Wednesday after the breakout coming up through all the Doji signals. This can still be bought aggressively on a positive open on Thursday. Continue to use the T-line as your stop. 9/9 It consolidated a little bit on Thursday but didn't do anything that negated the uptrend. It may waffle at this level for a couple of days but continue to hold as long as it stays above the T-line. 9/10 It opened lower and traded right on the T-line. Give it one more day. It needs to open positive and trade up. If it opens lower on Monday, close out the position. 9/13 It should have been closed out when it closed below the T-line.

9/14 XNPT was not bought on Tuesday because it opened lower and traded lower. However, if it comes back up through the $7.60 level, you will want to be a buyer. It's still showing a breakout, but with some profit-taking.

9/14 MMR was not bought on Tuesday. Even though it traded up for little bit, it came right back down. This should not have been bought but be ready to buy it if it breaks up through the recent high levels.

9/9 Bought IPXL on the positive trading, especially on the gap up coming out of the Fry Pan Bottom pattern. Continue to hold and use the T-line as your stop. 9/10 It's still in the big Fry Pan Bottom trajectory. Continue to hold as long as it doesn't close below the T-line. 9/13 Continue to hold as long as you don't see a sell signal or a close below the T-line. 9/13 Continue to hold as long as you don't see a sell signal or a close below the T-line. 9/14 This was a prime example of when to get out of a stock immediately upon seeing it gap down. Once it gaps down, we don't know what it will do from there. Get your money out so you can think clearly and go on to the next trade. Not every trade is going to work. Hopefully you got out of this one on a breakeven basis.

9/16 ENDP was not bought on Thursday. However, if it comes back up through the recent high levels, be a buyer.

9/3 SPMD was not bought. It opened higher but immediately started trading off on Friday which is not what it should have been doing, especially in a strong market. This is a situation where you should wait a couple minutes to see if it starts trading positive before buying it. This one didn't. However, if it comes back up through Friday's high of $10.80, you will definitely want to be a buyer.

9/3 VVUS was not bought. We have re-recommended it as a buy if it opens positive on Tuesday. It should be breaking out from a Fry Pan Bottom pattern.

9/7 NTGR was not bought.

9/7 HAR was not bought.

9/7 VVUS was not bought.

9/3 Bought AHD on the positive trading. If it opens positive on Tuesday, you definitely will want to be a buyer immediately. Use Friday's low of $9.05 as your stop. If it comes back down through there, it will probably continue down to test the T-line. 9/7 It should have been stopped out as it came down through Friday's low, which told us it would probably come back to test the T-line. However, it bounced back up. If it trades positive, you can be a buyer. Use $9.05 as your buy stop. If it trades above $9.05, by back in.

9/2 Bought MBI as it came up through Wednesday's high. It's breaking out into new territory. Continue to hold and use the T-line as your stop. 9/3 It's still moving in a nice, slow, upward direction. Even though it was somewhat "iffy" on Friday with some profit-taking, continue to hold it. We don't want to see it trade back below Friday's low at the $10 range. It shouldn't come back down through there. If it does, it will probably continue down to test the T-line. 9/7 It traded below the $10 range. If you stopped out, that's fine. Just be ready to buy it if it comes back up through the high of $10.19. That would tell us the uptrend is still in progress.

9/8 EROC wasn't bought on Wednesday because it traded down most of the day. However, if it opens positive on Thursday, be ready to buy it aggressively. It's still in a breakout mode.

9/1 Bought VMED on the gap up positive open on Wednesday after the Bullish Engulfing signal. This was a very strong price move. Continue to hold until you see a sell signal. 9/2 It consolidated but the upward trajectory didn't change. If it opens positive you will want to be buying it. 9/3 This can still be bought aggressively if it opens positive. It would be moving into the territory where it would be breaking out into wave three. 9/7 If you were stopped out when it came down below Friday's low, that's fine. It didn't close below the T-line but if you still own it, it needs to open positive on Wednesday to stay in it. 9/8 It should have been closed out on Wednesday as it closed below the T-line. It shouldn't have come back down through that level.


 

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