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Steve's Trading Diary - November 2010


11/22 Bought N as it came up thorugh our buy stop on Monday. It continued higher and broke out into new territory. Continue to hold. Just be a little bit careful. It's a good distance away from the T-line. Right now we would use Monday's open as our stop. It shouldn't come back down through that level. 11/23 It was a little bit indecisive on Tuesday, obviously because of the market conditions. We don't want to see it trade lower on Wednesday. Put your sell stop at the previous day's close, at around the $24.20 level. If it came down through that level, it would probably come back to test the T-line. 11/24 It's moving up nicely. It formed a little Tweezer top but the stochastics are still heading up. We want to see it open higher and trade above the highs of the last couple of days. Use Friday's low as your stop. 11/29 It came back and tested the T-line. If you closed it out, that was all right. If you stayed with it, continue to hold as long as it opens positive on Tuesday and doesn't close below the T-line. 11/30 Be ready to close this out on any weakness on Wednesday. It must open higher and trade higher. Use the T-line as your stop. It should not come back down through there at all. 12/1 It needed to have a positive open and positive trading, which it did.  It still needs to trade higher. We don't want to see it trade back below the T-line. That would tell us the sellers were obviously back in control. 12/2 It can be bought if it breaks out through the highs on Friday. That would be a J-hook pattern breakout. 12/3 It's doing exactly what it's supposed to be doing, forming a nice little J-hook pattern right on the T-line. 12/6 It moved up on Friday and consolidated a little bit on Monday. It needs to open higher and trade higher and at least stay above the T-line. 12/7 It formed a Bearish Engulfing signal. It needs to stay above the T-line on Wednesday. If it trades below the T-line at all, close out the position. 12/8 It needed to open higher and trade higher on Wednesday, which it did. We'd like to see it open higher and trade higher again on Thursday to show that the 45 degree uptrend is still in progress. 12/9 It formed a Bearish Engulfing signal and closed right on the T-line again. It needs to open higher and trade higher to stay in it. If it opens lower, close out the position. 12/13 It should have been closed out on Friday with it closing below the T-line. 

11/19 Bought VSH on the positive trading on Friday. It used the T-line again as its support. It's doing a perfect J-hook pattern set-up. It can still be bought on positive trading on Monday. If it breaks out, it could have a very strong price move. 11/22 It's slowly moving up. Continue to hold. We're looking for it to eventually break out and have another strong run to the upside. 11/23 It sold off a little bit but stayed above the T-line. Give it one more day. It has to open higher and trade higher for us to stay in it. 11/24 It traded higher but closed a little bit lower on Friday, but it's nothing yet to change the trajectory of the trade. The stochastics are not in the overbought area and are still heading up. We'd like to see this one open higher and trade higher. 11/29 It should have been closed out on the lower open on Monday but could have been bought back as it came back up and closed positive on the day.  Continue to hold. We don't want to see it trade below Monday's open on Tuesday. That would tell us the Bears are back in control. 11/30 It closed right on the T-line. It should have been closed out on Tuesday. If it trades positive on Wednesday, it can always be bought back. 12/1 We reiterated a buy recommendation for this one. Continue to hold. It should have a nice move with the little Kicker type signal breaking up from the T-line. 12/2 It consolidated. Hopefully it will open positive on Friday and move up some more. Use the T-line as your stop. 12/3 It moved up positive after Thursday's Doji. It's still in a good solid uptrend. 12/6 It pulled back a little bit but then came up to the top end of the trading range. It needs to open higher and trade higher to stay in it. 12/7 It needs to be closed out if it opens weaker on Wednesday. Notice the left/right combination. If it opens weaker and comes down through the T-line, get out of the position. 12/8 It needed to open higher and trade higher to stay in it. Continue to hold. Use the T-line as your stop. If it comes back down through there after a Bearish Harami, it tells you the sellers are in control. 12/9 It's trading higher. Continue to hold. 12/13 It should have been closed out on Monday with it closing below the T-line. If it opens lower on Tuesday, it can be shorted.

11/30 Bought HUN. After it consolidated it came back up. On Monday it was at the breakout point and on Tuesday it broke out nicely. 12/1 It opened higher but consolidated. It didn't do anything to tell us the trend was in a new direction. Continue to hold but expect some waffling in this area until the T-line catches up. As a trader, you will want to see it open higher and trade higher immediately. If it trades back down below Wednesday's low, you might want to come out of it and see what it does when it gets to the T-line. 12/2 It's still in an uptrend. Continue to hold. It might be moving sideways while it's waiting for the T-line to catch up. 12/3 Continue to stay long. It's doing well. 12/6 It's trying to break out from the current levels. It needs to do that fairly quickly. Use the lows of the past few days to begin taking profits. 12/7 It had a nice breakout to the upside and didn't come back down much on Tuesday. Continue to hold until you see a sell signal. 12/8 It formed a Bearish Harami on Wednesday. The analysis is very simple. It needs to trade flat or higher on Thursday. If it opens lower and starts trading down, you might want to take some profits until you see what it does at the T-line. 12/9 It needs to open positive and trade positive to stay in it. Otherwise, if it trades below the T-line, take some profits and wait for it to come back up through the T-line. 12/13 It still can't close below the T-line but it's not moving in the right direction. It needs to open positive and start trading positive on Tuesday to stay in it. 12/14 It's still holding on to the T-line. Use a close below the T-line as your stop. 12/15 It should have been closed out on Wednesday with it closing below the T-line.

11/24 Bought BKI. This has been reiterated as a buy, especially if it opens positive on Monday. It had a nice move out of the J-hook pattern followed by two days of consolidation. If buying continues to come into this stock, it will probably have a strong move. 11/29 This would not have been bought again on Monday but it did form another Hammer signal. Look for it to open positive on Tuesday. If it does, you'll want to be buying it aggressively. 11/30 It held up well. It can be bought on positive trading on Wednesday. 12/1 It moved up and pulled back but nothing changed enough to tell us it wasn't still coming out of the J-hook pattern. At this point use the T-line as your stop. 12/2 It consolidated and came back up. It needs to open positive on Thursday and trade positive to keep the uptrend in progress. Use the T-line as your stop. It's an uptrend. 12/3 It consolidated on Friday. It didn't close below the T-line but it needs to have a positive open on Monday to get it moving. 12/6 It pulled back some more. Monday is the third day that it has pulled back. We would have taken some of the position off just to be safe. If it opens lower on Tuesday, you will want to close out the position completely. It needs to open positive and trade positive to stay in it. 12/7 It came down, used the T-line as support, and came back up again. Continue to hold. It's staying strong above the T-line. 12/8 It broke out nicely on Wednesday. Continue to hold until you see a sell signal. 12/9 It formed a Dark Cloud. It needs to open flat or higher and trade higher to stay in it. Close it out on any weakness on Friday and see what it does when it tests the T-line. 12/13 It's not doing much of anything. If it starts trading lower on Tuesday, close it out. Your money would be better off someplace else. 12/14 It held up well. Continue to hold. We don't want to see it to trade at all below the T-line. 12/15 It should have been closed out on Wednesday with it closing below the T-line.

11/29 Bought WTI as it traded positive on Monday. It can still be bought. Look for another strong price move. Use the T-line as your stop. 11/30 It's still staying above the T-line. Continue to hold. 12/1 It moved out very nicely on Wednesday with a gap up through a resistance level. Continue to hold. 12/2 It rested a little. Use Thursday's low as your stop. It shouldn't come back down through that level. Hopefully it will open higher and trade higher and move up as much as it did on Wednesday. 12/3 It moved up nicely after Thursday's Doji. That tells us it's still in a good uptrend. It's moving a little bit away from the T-line so watch for some profit-taking. 12/6 It's starting to move with some aggressiveness. It's starting to get away from the T-line so watch for signs of profit taking. Exuberant buying could cause it to gap up. 12/7 It formed a Doji. If it comes back down through Tuesday's low of $19.37, close out the position. It will probably come back and test the T-line. 12/9 It should have been stopped out as it came down through the previous day's low. The gap down told you the traders were in a hurry to get out of this position. Now it can be shorted on weakness on Thursday since it closed that far below the T-line.

11/29 Bought THRX. It opened positive and should have been bought immediately. It had a nice breakout on Monday. Continue to hold. The next wave up should be strong. 11/30 It consolidated as expected but if it opens lower and trades lower, you'll probably want to take some profits. It needs to open higher and trade higher, especially through Tuesday's high of $25.44. That would indicate the Bulls had rested and are now back in the trade. 12/1 Hopefully it will be in a 45 degree uptrend from here. At this point we don't want to see it trade back below the low of the previous day where the indecision started. If it comes back down through there, it will be obvious that it's coming down to test the T-line. 12/2 It's doing what it should coming up out of the Fry Pan Bottom pattern. Continue to hold. Use Thursday's open as your stop. It shouldn't come back down through that level. 12/3 It's doing what it should coming out of the Fry Pan bottom pattern. It would be nice to see this stay in a steady uptrend for the next three weeks. 12/6 It's still coming up out of the Fry Pan Bottom. We're looking for it to continue to move higher, hopefully in a nice steady uptrend. 12/7 It moved up a little bit on Tuesday. Continue to hold until you see a sell signal. We don't want to see it trade back below Tuesday's low at the $26.32 level. 12/8 It formed a Bearish Engulfing signal after a Doji and should have been closed since there was a good chance it would continue down to the T-line. It can always be bought back again on Thursday if it trades positive.

11/22 Bought SPRD. It opened and came up nicely after the big Hammer signal/J-hook pattern. It can still be bought on Tuesday if it breaks out through the recent high levels. 11/23 It sold off with the market. It needs to open flat and trade higher to stay in it. If it opens lower, close out the position and wait to see what the market is going to do. 11/24 It moved up a little bit. Continue to hold. We're looking for breakout through the recent high levels. 11/29 It got a little bit toppy but stayed up above the T-line on Monday. It needs to open positive and trade positive to stay in it. If it opens weaker, we don't want to see it trade at all back below the T-line. If it does, that will have been two days of bearish trading and we will want to close out the position. 11/30 It stayed above the T-line. It has to open higher and trade higher to stay in it. 12/1 It needed to open higher and trade higher. It wasn't quite as strong as it should have been but it's still in a slow uptrend. Continue to hold. 12/2 It's just barely hanging on above the T-line. It needs a big day on Friday to get out of this area. Otherwise, if it's moving too much sideways we will want to put our money somewhere else. 12/3 It finally broke out after hugging along the T-line. Continue to hold until you see a sell signal. 12/6 It moved up nicely. Continue to hold until you see a sell signal. 12/7 Continued to hold as long as it stays above the T-line. If it trades below the T-line on Wednesday after the two Dark Crows, it should be closed. 12/8 It should've been closed out as it traded lower on Wednesday after the two Dark Crow signals. It traded below the T-line. It came up and closed above the T-line. That only means that it can be bought back if it has a strong open on Thursday. If it opens weaker on Thursday, you may even consider shorting it.

11/19 Bought FCS on positive trading on Friday. It's breaking out into new territory. It should have a good strong price move. Use the T-line as your stop. 11/22 It continued to move higher out of the little Scoop/J-hook pattern. Continue to hold. Use Monday's open as your stop. It shouldn't come back down through that level. 11/23 It opened lower but stayed in that range all day. Obviously it opened below the previous day's close. It has to open positive and trade positive for us to stay in it on Wednesday. 11/24 It consolidated on Friday but didn't do anything to change the upward trend trajectory. Use any trading below Friday's low of $13.69 as your stop. 11/29 It should have been closed out but could have been bought back. Continue to hold and use Monday's open as your stop. 11/30 It's still moving up well. Continue to hold. 12/1 Continue to hold. 12/2 It needed to open positive on Thursday after the gap up Doji of Wednesday, which it did. It's starting to move a little bit away from the T-line but, if it's in wave three, it could have quite a bit of upward movement left in it. 12/3 It's still moving up nicely. Continue to hold. 12/6 It moved up quite well. Continue to hold. Use Monday's low as your stop. 12/7 It gapped up and formed somewhat of a Spinning Top. If it opens weaker on Wednesday, especially coming back down through Tuesday's low of $15.26, close out the position. At that point it would be coming back to test that the T-line. 12/8 It opened weaker on Wednesday and traded down. It's probably a good time to take off some profits but not the entire position. This is a very simple analysis. If it opens lower it will probably come down to test the T-line. It can always be bought back if it bounces off the T-line or if it opens higher on Thursday. 12/9 It would have been difficult to justify holding this position the entire day so it was closed out. If you closed it out, you can always buy it back on a positive open on Friday.

11/24 ORCL was not shorted because it gapped up. But now it's starting to sag again. It can still be shorted if it opens weaker on Monday, especially if it comes down through $27.34. That would tell us the T-line is still acting as resistance. At that point it might come down to fill a previous gap and possibly reach the 200 day moving average.

11/23 Bought AFFY as it came up through Monday's close. The chart still has a lot of upside potential. Continue to hold. 11/24 It continues to head higher but looks like it's running out of steam. It might be moving sideways while it's waiting for the T-line to catch up. Use Friday's low of $7.28 as your stop. It needs to stay above that level and move up through the resistance area of the last couple of days. 11/29 It should have been closed out as it came down below Friday's low. More than likely it will now come back and test the T-line and can be bought again if it moves positive from there.

11/19 Bought LHAZ0. We have reiterated this as a buy for Monday. Anticipate the 50 day and 200 day moving averages as your target. 11/22 This could have been bought again. It had a good day. It's still in an uptrend. Continue to hold as long as it doesn't close below the T-line. 11/23 It continued to move up. Continue to hold. At this point we don't want to see it trade back below Tuesday's open or pull back at all. It should be in the process of breaking out from this level and moving to much higher levels. 11/24 It didn't do anything dramatic on Friday. It traded somewhat flat. The stochastics are in the overbought area at the 50 day moving average. To stay in the position, it needs to open higher and break through the 50 day moving average quickly on Monday. Otherwise, you'll probably want to take this off the table. 11/29 It should have been closed out on Monday with the Bearish Engulfing signal after the Doji right on the 50 day moving average. If it trades lower on Tuesday, it can be shorted. It may be in a downtrend. This will also be a function of what the US dollar does.

11/30 COT was not bought. It was in a position to break out, but didn't. It can still be bought if it comes back up through the $8.50 level. That would show that the markets are showing some very good strength.

11/24 Bought ATML. It showed a Bearish Harami after it was recommended on November 24th. On Friday it sold off. Give it another day. It needs to open and trade higher. If it opens lower on Monday, anticipate that it will come back to test the T-line. At that point you might want to come out of it and wait to see what it does at the T-line. 11/29 It held up very well on Monday. Continue to hold and use the T-line as your stop. We don't want to see it trade at all back below Monday's open. That would tell us the Bears are in control. 11/30 It should have been closed out on Tuesday because it closed below the T-line.

11/24 Shorted RLD. It hasn't been able to come up above the T-line. It can still be shorted, especially if it opens weaker on Monday. That would be bringing it back down through the 20 day moving average after it failed at the T-line. 11/29 It came back up but couldn't close above the T-line. Continue to stay short but if it opens positive on Tuesday, close it out immediately. 11/30 It should have been closed out as it came back up through Monday's high.

11/30 Shorted EMS. It's still in a possible bearish J-hook pattern. It can still be shorted, especially if it opens weaker on Wednesday. 12/1 It should have been covered immediately on the open. Knowing that a previous Doji had formed with the stochastics coming up, with the futures up huge and with the market opening positive, it should have been covered immediately. It needed a day with a weaker open to stay in the position.

11/30 Shorted AXL. Notice that it stayed below the T-line. Be ready to short it again if it opens lower and starts trading down. That will be a function of how the market opens. 12/1 It should have been covered on the positive open but it can be re-shorted if it shows weakness from here.

11/18 Bought ATW on the gap up on Thursday that followed a left/right combination. The stock moved out into new territory on a J-hook pattern. It should continue higher. It can still be bought with the anticipation that it may move another 12 points from this area. 11/19 It should have been closed out on Friday because it came back and closed below the T-line. It can still be bought but it needs to show something to tell us the Bulls have come back into it which wasn't seen on Friday.

11/17 Shorted RNOW on the weakness on Wednesday. Continue to stay short. At this point use Wednesday's open of $24.41 as your stop. It needs to open lower and head right down toward the 50 day moving average. 11/18 It didn't do anything exotically strong. However, it did form a Bullish Harami/Doji. If it opens positive on Friday, close out the position immediately. 11/19 It should have been closed out on the positive trading. We knew that it should have been closed out immediately because the premarket futures were up, the market opened positive, and this stock opened positive. The short position was closed. Now it can be considered as a buy if it opens above the T-line.

11/10 Shorted MBI on weakness on Wednesday. However, it needs to be closed immediately on any positive trading on Thursday. That would tell us the 50 day moving average is acting as support. 11/11 It couldn't get up through the T-line on Thursday. Continue to stay short or consider going short again if it opens weaker on Friday. 11/12 Stay short. 11/15 It's still showing weakness. Continue to stay short. 11/16 It broke down. Continue to stay short until you see a buy signal as it approaches the 200 day moving average. 11/17 It continued lower. Stay short. At this point use any trading above Wednesday's high of $10.14 as your stop. It shouldn't come back up through that level. 11/18 It tried to trade up a little bit but didn't move very far. At this point we don't want to see it come up through the top of Thursday's trading at around the $10.13 level. If it comes up through there, it tells us it has bottomed out and is starting to come back up. 11/19 It should have been closed out as it opened positive on Friday. Now it has formed a Morning Star signal in the oversold area. It can be considered as a buy on any positive trading.

11/22 CSL was not bought on Monday but it's in a position where, if it opens positive on Tuesday, you will want to be a buyer. It could have a fairly good run.

11/23 PMTC was not bought on Tuesday because it opened lower. It needed to come back up through our buy stop level, which it didn't do. Keep an eye on it. If it comes back up, it's still a good potential buy.

11/23 CYT was not bought because it opened lower. It sold off and came back up. It can still be bought if it comes back up through Monday's close, which would bring it up through the 20 day moving average.

11/19 Bought CDTI on the positive trading on Friday. It needs to open positive on Monday and trade positive to stay in it. It's still being influenced by the breakout through the T-line with a strong gap up with stochastics near the oversold area. We just need to see new strength coming in. Any weakness on Monday would warrant closing out the position. 11/22 It needs to open higher and trade higher on Tuesday to keep holding it. If it opens lower, close out the position. 11/23 It should have been closed out on Tuesday with it closing below the T-line. It can still be bought if we see another buy signal.

11/18 Bought QCOM on the positive trading. Even though it closed below where it opened, it's still in an upward trajectory that broke out from the downward trend channel coming off a Morning Star signal. We definitely want to see it open higher and trade higher on Friday. Use the T-line as your stop. 11/19 It came back up. It supported off the T-line as expected. It can be bought on positive trading. Use the T-line as your stop. 11/22 It looked worrisome on Monday. It came down below the T-line but came back up with the market. It needs to open higher and trade higher and start showing an upward trajectory to stay in it. If it trades flat on Tuesday, close out the position. 11/23 It should have been closed out on Tuesday. Even though it traded indecisively, note the pattern. There is nothing telling us we should still be owning this. The stochastics are heading down. It was selling off with the market selling off like many other stocks but there's nothing in the chart pattern anymore that tells us we want to be in the position. It can always be bought back of another buy signal shows up.

11/15 Bought CHTP on the positive trading on Monday. It moved up nicely and used the 50 day moving average as support. It's breaking out through the recent highs. It can still be bought on any strength on Tuesday. Use Monday's open as your stop. 11/16 It didn't do very much on Tuesday. It consolidated. To stay in it, it needs to open positive. If it opens negative and starts trading down, close out the position because it would still be caught in the trend channel. 11/17 It traded nicely on Wednesday. It used the moving averages as a stop.  It can be bought on positive trading on Thursday. 11/18 It stayed above the T-line but it needs to break out pretty quickly to move up above the recent high levels. Do not let it close below the T-line. 11/19 It's getting a little bit soggy. It closed right on the T-line. It needs to open positive and trade positive. Otherwise it's still caught in the trend channel. If it opens lower on Monday, close out the position. 11/22 It closed just above the T-line. It needs to open higher and trade higher on Tuesday to stay in it. Otherwise, it's caught in a trend channel. If it opens lower, close out the position. 11/23 It should have been closed out on the weakness Tuesday morning. It didn't do anything but it's still stuck in the trend channel. You can always put a buy stop well above the trend channel because if it moves up through there, it will have obviously broken out.

11/10 Bought APEI on Wednesday as it went positive. Wednesday's trading was exactly what we expected with it coming off the gap up. Our target is still the 200 day moving average. 11/11 It consolidated a little bit but it wasn't enough to change the Scoop type pattern with a 45 degree move to the upside. 11/12 Continue to hold and use the T-line as your stop. 11/15 It moved up nicely on Monday. Continue to hold. Our target is still the 200 day moving average. 11/16 It held up well. Continue to hold. At this point we don't want to see it come back down through Tuesday's low. That would tell us it's stuck in a sideways or downward movement and we would consider pulling our money out and waiting for the T-line to catch up before getting back into the position. 11/17 It stayed up strong on Wednesday. It can still be bought on positive trading. Use the T-line as your stop. 11/18 It sagged a little bit but it's still in an upward 45 degree angle. Continue to hold. Use the T-line as your stop. 11/19 It consolidated right back to the T-line and came back up again. Use the T-line as your stop. It's still in a 45 degree move to the upside. 11/22 It came back very indecisively to the T-line. It needs to open higher and trade higher to stay in it on Tuesday. 11/23 It should have been closed out on Tuesday because it opened lower and traded below the T-line. It came back up and closed above the T-line, which makes the analysis very simple. If it opens positive on Wednesday, assuming the market doesn't crater, it can always be bought back.

11/12 COST was not bought but can be bought on positive trading.

11/12 ROVI was not bought on Friday because it opened lower and traded lower. However, it came back up above the T-line to continue the Fry Pan Bottom trajectory. Keep an eye on this. It can still be bought on positive trading.

11/4 Bought HYC on the positive trading. It formed a Doji, which means that if it opens positive on Friday you will definitely want to be a buyer. Use the T-line as your stop. 11/5 Friday's trading didn't change anything. It's waiting for the T-line to catch up. Use the T-line as your stop. 11/8 It can be bought on positive trading on Tuesday. It continues to move up nicely. 11/9 It's moving sideways. Use the T-line as your stop. 11/10 It held up at the T-line. It can be bought if it breaks out through the recent high levels, at around the $7.00 area. 11/11 It stayed above the T-line but it needs to pop to the upside on Friday to stay in it. Otherwise, if it trades below the T-line, it means that it never got going after the gap up. If it trades below the T-line on Friday, you will probably want to close out the position. 11/12 It should have been closed out as it closed back below the T-line after four or five days of rolling over.

11/3 Bought BONT. It consolidated nicely. It came right back down to the T-line and formed a Doji. If it opens positive on Thursday, you will want to be a buyer immediately. 11/4 It formed a Doji on Wednesday and should have been bought immediately on the positive open on Thursday. 11/5 It can be bought on any positive trading. It's still confirming the J-hook type pattern. 11/8 This was reiterated as a buy if it breaks out through the current high levels. 11/9 This would not have been bought again. It didn't get up through the resistance level. It started pulling back when the market pulled back. It would have been prudent to close out half the position on Tuesday. It needs to open positive and trade positive to stay in it. 11/10 It stayed above the T-line. It can still be bought. Just be aware that there is very low volume in this stock, only about 100,000 shares traded. 11/11 It's still staying up above the T-line. Continue to hold. 11/12 It should have been closed out as it closed below the T-line.

11/15 CRUS would not have been shorted because it opened positive on Monday. It can still be shorted if it comes down through Friday's low.

11/11 Bought SCOK on the positive trading on Thursday. It's breaking out nicely. It's using the 50 day moving average and the T-line as support. It can still be bought on Friday. This could move up into the $15 range. 11/12 It needs to open positive to stay in it. 11/15 It should have been stopped out as it closed below the T-line on Monday.

11/11 Bought CRZO as it came up through Wednesday's close. This has formed a nice Fry Pan Bottom pattern with a gap-up breakout. Continue to hold. 11/12 Continue to hold and use the T-line as your stop. 11/15 It should have been closed out as it closed below the T-line on Monday.

11/16 CML was not bought on Tuesday even though it opened positive. This is one of those situations where, if it opens positive and the market in general is heading down, just hold off buying it until you see positive trading. On Tuesday the buying never came in after the open. Keep an eye on this. It's still a good stock to watch but it needs bullish confirmation.

11/16 THRX was not bought on Tuesday with the market down big. Keep an eye on it though. It's still forming a good Fry Pan Bottom pattern.

11/8 Bought PMC on the positive trading on Monday. Notice that the trajectory is moving up and can start moving pretty fast over the next few days to fill a previous gap. Continue to hold and use the T-line as your stop. 11/9 It backed off a little bit but the upward trajectory didn't change. Continue to hold. Use the T-line or a close below Monday's open as your stop. 11/10 It consolidated nicely on Wednesday and came back up. Continue to hold and use the T-line has your stop. 11/11 It didn't do very badly considering the rest of the market. It may move sideways until the T-line catches up. 11/12 It barely stayed above the T-line. It needs to open positive and trade positive to stay in the position. 11/15 It closed right at the T-line. It needs to open positive and trade positive to stay in the position on Tuesday. 11/16 It held up well on Tuesday after opening lower. If you closed it out on the weaker open, be ready to buy it if it opens positive on Wednesday. Then use the T-line as your stop.

11/5 Bought MSCC. It came out of its Fry Pan Bottom pattern very nicely. It's continuing in its uptrend. This should be starting wave three. Continue to hold as long as it doesn't close below the T-line. 11/8 It can still be bought. It's breaking out nicely. 11/9 It didn't do much of anything on Tuesday. Continue to hold as long as it stays above the T-line. 11/10 It consolidated to the T-line and came back up. It can be bought on positive trading on Thursday. 11/11 It closed right on the T-line. It must open higher for us to stay in it. If it opens lower on Friday, close out the position. 11/12 Continue to hold. Use the T-line as your stop. 11/15 It formed a Doji. If it opens positive on Tuesday, look for another strong day. Use Friday's close as your stop. Since it has moved a good distance away from the T-line, we need to see that it's still breaking out to the upside. 11/16 It should have been closed out on Tuesday as it came back down through Friday's close. It formed an Evening Star signal. It may hold at the T-line but it was time to come back out of the position. If you were stopped out as it came down through Friday's close, you would've saved a good amount of money as opposed to waiting for it to come down to the T-line.

11/4 Bought LINC on Thursday as it traded positive. The recent gap up from the Doji formed somewhat of an Island Reversal pattern. More than likely this is headed right up to the 200 day moving average. 11/5 It pulled back a little bit but didn't do anything to change the uptrend. Continue to hold and use the T-line as your stop. 11/8 It pulled back but didn't do anything conclusive. It's probably setting up for a positive open. If it opens positive on Tuesday, you will want to be a buyer. 11/9 Continue to hold but obviously we need to see it form a J-hook type pattern to stay in it. 11/10 We have reiterated this as a buy on any positive trading on Thursday. 11/11 This should not have been bought again. However, it didn't do badly. It held up. If it trades up above Thursday's high at around $15.80 on Friday, you will definitely want to be a buyer. That would mean it's still in a J-hook pattern trajectory. Use the T-line as your stop. 11/12 It needed to show some strength but it came back to the T-line. It needs to open positive and trade positive for us to stay in it. 11/15 It closed right on the T-line. It needs to open positive and trade positive to stay in the position on Tuesday. 11/16 It should have been closed out immediately on the weak open on Tuesday. It opened weaker and went down through the T-line.

11/1 Bought BAS on Monday on the positive trading. It came back and closed near the lower end of the trading range. However, if it opens positive on Tuesday, be a buyer. The J-hook pattern is still in progress. If the Republicans get a foothold back in the House and the Senate, we think the drilling companies will do very well. 11/2 Continue to hold. It moved up nicely and used the T-line once more for support. It can still be bought as it is setting up a J-Hook pattern. 11/3 It's still setting up. Be ready for this to move positive on a J-hook breakout. 11/4 It moved up nicely. Continue to hold. 11/5 It backed and filled a little bit. Look for it to open positive and trade positive breaking out of the J-hook pattern. 11/8 It's still moving up nicely as a J-hook pattern. It can be bought while anticipating another two or three point up-move. 11/9 It pulled back pretty hard but it's not quite in the overbought area. With it closing more than halfway down the previous day's candle, even though it didn't form a true signal, we would've taken half the position off the table. It needs to open and stay above the T-line on Wednesday to stay in the position. 11/10 If you take any off the table on Tuesday it should have been bought back on Wednesday. It opened higher and started trading higher. 11/11 It moved up nicely. It's still in wave three. Continue to hold and use the T-line as your stop. 11/12 It formed a Bearish Harami. At best it's going to move sideways. If it trades back down below Thursday's open, close out the position. Then wait to see if any buying comes in at the T-line. 11/15 It's getting a little bit toppy. It can be closed out on any weakness on Tuesday. 11/16 It opened lower but came right back up again. If you came out of it on the weaker open, that's fine. If you're still holding it, use the T-line as your stop. If you're out of it, wait for the market to turn before getting back into it.

11/1 Bought ATML on the positive trading on Monday. It came back but didn't do anything to change the trajectory of the uptrend. 11/2 It retraced a little bit but didn't do anything to warrant closing the position. It needs to open higher and trade higher on Wednesday. 11/3 It can still be bought on positive trading. It's still in an uptrend. Use the T-line as your stop. 11/4 Continue to hold as long as it stays above the T-line. It's in a nice steady uptrend. 11/5 It finally broke out. Watch for 45 degree trading to the upside after this big breakout. 11/8 It continued to move higher after the big up-day. Look for a 45 degree upward move from this level. 11/9 It traded down on Tuesday. It didn't do anything to change the upward trajectory but it formed a Bearish Engulfing signal. If it opens lower on Wednesday, take some of the position off the table and watch for it to support at the T-line. 11/10 Continue to hold. It can be bought on Thursday if it opens positive and forms a little Morning Star type signal. 11/11 It's still holding up above the T-line. It did fairly well on Thursday. Continue to hold. 11/12 It came right back down to the T-line. It needs to open higher and trade higher to stay in it. 11/15 It backed off and used the T-line as support. It's not showing any weakness from here. Continue to hold and use a close below the T-line as your stop. 11/16 It should have been closed out on Tuesday as it closed below the T-line.

11/17 QCOR was not bought on Wednesday. It didn't get up through the previous high. However, if it comes up through the $13.75 level on Thursday, you will want to be a buyer. It's in wave three with a J-hook pattern after a previous Fry Pan Bottom. Buy on anything above $13.75 and use a close below Wednesday's open of $13.61 as your stop.

11/17 BW was not shorted because it opened positive. However, we've reiterated it as a short if it comes down through the $33 area.

11/17 QSFT was not shorted but if it comes down through the $24 area, especially down through the 50 day moving average, it can be shorted. It formed a Dumpling Top with a gap down. It should keep moving in that direction.

11/16 Shorted MIPS. It opened lower but closed positive. Keep an eye on it. It needs to open lower and trade down to stay in it. If it opens positive, we may have to come out of the trade. 11/17 It opened positive and traded positive. It should have been closed out. It needed to open lower and trade lower. However, if it comes back down through Wednesday's low of $13.40, it can be shorted.

11/1 Bought ORIT on the positive trading on Monday. It can still be bought on positive trading on Tuesday. Use the T-line as your stop. At this point, because the market may swing a lot over the next couple of days, we wouldn't want to see it trade at all back below Monday's low of $10.60. 11/2 Continue to hold and look for another big pop to the upside. It's breaking out nicely from the indecisive trading over the last few months. 11/3 It can still be bought on positive trading. Just use the T-line as your stop. 11/4 It can still be bought on positive trading. Look for another breakout to the upside. It should get up to the 200 day moving average. 11/5 It moved up nicely. Continue to hold. It still has the potential for a nice breakout. 11/8 It used the T-line as support and came back up. If it opens positive, you will want to be a buyer. It should break out pretty soon. 11/9 It held up reasonably well. Continue to hold as long as it stays above the T-line. 11/10 It can be bought on positive trading on Thursday. It's in a nice strong uptrend. 11/11 It's still moving up slowly and steadily. Continue to hold. 11/12 It didn't do anything to show a change of investor sentiment. Use the T-line as your stop. 11/15 It's still in a slow steady uptrend. Continue to hold. Use the T-line as your stop. 11/16 It's been a steady Eddie ever since the breakout occurred. Continue to hold. Use the T-line as your stop. 11/17 It should have been closed out on Wednesday with it closing below the T-line.

11/18 QSFT was not shorted after the Dumpling Top. Thursday morning the futures were very positive, which meant that if the stock didn't open lower we wouldn't have shorted it unless we saw a breakdown from the Dumpling Top. Now, if it opens positive, it can be bought.

11/18 BW was not shorted. It needed to break down which it didn't do. Now it can be bought on positive trading.

11/16 Shorted AGU on the weakness. Continue to stay short. Even though it's in the oversold area, the chart formation is the opposite of a Fry Pan Bottom, a Dumpling Top. It could still push hard to the downside. At this point we don't want to see it close back above the 50 day moving average. 11/17 It moved up a little bit on Wednesday but came back down. It formed a Dumpling Top. It can be shorted aggressively if it opens weaker on Thursday. 11/18 It should have been closed out as it opened positive on Thursday after the Doji in the oversold area. It needed to open lower and start breaking down.

11/15 Shorted RDWR. It's breaking down. It can still be shorted on any weakness on Tuesday. If the markets open weaker on Tuesday, this one can be shorted immediately. It could still be heading for the 200 day moving average. 11/16 Stay short. It's rolling over and could be heading down to the 200 day moving average. 11/17 It opened and traded positive but didn't do anything to reverse the trading direction yet. It definitely needs to open lower and trade lower to stay in it. That would show that the Wedge pattern had truly been broken. 11/18 It should have been closed on the positive open on Thursday.

11/3 Bought TSYS. It closed right on the 200 day moving average. If it opens positive on Thursday, you will want to be buying it aggressively. 11/4 This could have been bought on the positive trading. After hours it reported good gross earnings but bad net earnings so it's now trading lower. However, don't give up on it since it's during after hours trading. Wait to see how it opens on Friday. 11/5 It had good gross earnings but not good net earnings. We held onto it thinking that if it closed at the higher end of the trading range it would have formed a Belt Hold signal, but it should have been closed out at the end of the day as it was selling off. This is a situation where you just have to take your lumps and move on. If you still own it, it needs to open positive and trade positive to stay in it.

11/9 Bought AXU. It gapped open but immediately started selling off. It should have been closed by the end of the day. This was obviously a failure. It needed to break out and trade positive to stay in the position.

11/9 Bought TRE on the positive trading on Tuesday but it should've been closed at the end of the day. That doesn't mean we won't get back into it. It would need to open and start trading positive on Wednesday. Watch it to see if it holds at the 50 day moving average again, which is what it did last time.

11/5 Bought WINN on the positive trading. Notice the Scoop type pattern. This one still has more upside potential. 11/8 It got a little bit "iffy" on Monday but it's only giving back some of its previous gains. It still looks like it will be trading positive. Use the T-line as your stop. We wouldn't be surprised to see it back off a little bit and then start back up. 11/9 It should have been closed out on Tuesday because it closed below the T-line. It stayed at the 50 day moving average but we need to see buy signals at this point before getting back into the position.

11/5 Bought SYA. It can still be bought coming out of the Fry Pan Bottom pattern. Use the T-line as your stop. 11/8 Continue to hold as long as it doesn't close below the T-line. The Fry Pan Bottom pattern is still in effect. 11/9 It should have been closed out on Tuesday with it closing below the T-line. It has broken the trajectory of the Fry Pan Bottom.

11/4 Bought LHAZ0. It moved up nicely on Thursday and traded up a little bit more after hours. Continue to hold. We're looking for this to at least move up to the 20 day moving average and hopefully back up to the 200 day moving average. 11/5 It pulled back and closed below the T-line and the halfway point of the previous candle, but didn't form a Dark Cloud signal. However, it may be caught in the downward channel. If it opens weaker on Monday, close out any long positions and consider going short. 11/8 Continue to hold and continue to buy this as long as it doesn't come back down below the T-line. 11/9 It should have been closed out as it came back down through Tuesday's open. Now it may be better to go short in this position since it failed at the 20 day moving average and moved back down through the T-line.

11/3 Bought TRGL on the positive trading on Wednesday. It had a Doji type day, which tells us that if it opens positive on Thursday, it can be bought it immediately. 11/4 It formed a Doji on Wednesday and should have been bought on the positive open on Thursday. 11/5 It gave back a little bit but didn't do anything to tell us there had been a change in investor sentiment. Continue to hold with the anticipation that the slow uptrend is still in progress. 11/8 It's probably coming down to test the T-line but it would be nice to see an indecisive day in preparation for a J-hook type pattern. 11/9 It gapped down through the T-line with a Spinning Top signal after a Doji type day. That should have told you to close it out immediately. It opened and started coming right back up before coming right back down again. A safe strategy would have been to put your stop at the level where it opened. If it came back down through that level, it would have told you it's moving too far in the wrong direction. At worst, you would have been out of it right where it opened and could buy back in the next day if it opened and traded positive.

11/8 Bought WRC as it went positive on Monday. Continue to hold. Use the T-line as your stop. We're looking for it to move into new high territory fairly soon. 11/9 We're reiterating this as a buy. If it opens positive on Wednesday, you will want to be a buyer. Use the T-line as your stop. 11/10 This would not have been bought again and should have been closed out if you already owned it. It didn't open positive. It opened negative and closed below the T-line.

11/2 Bought CCME on the positive trading on Tuesday. It had a Doji day. It can still be bought on positive trading on Wednesday. Use the T-line as your stop. 11/3 It worked out nicely on Wednesday and moved up 8%. It's in wave three and is starting a J-hook pattern. Continue to hold until you see a sell signal. 11/4 It continued up higher in wave three. Continue to hold. At this point we don't want to see it trade back below the low of Thursday's Spinning Top signal. 11/5 It's still in a steady uptrend after the recent big trading day. Continue to hold. 11/8 It moved up nicely but it may be in an area where profits should be taken. We definitely don't want to see it trade below Monday's low. If it opens lower, you might want to take at least half the position off. 11/9 We were using one tick below Tuesday's low as our stop, and it didn't get there. Continue to use that level as your stop. If it trades lower on Wednesday, close out the position. 11/10 It should have been closed out on Wednesday as it traded below the T-line. However, it can be bought back on any positive trading on Thursday.

11/10 Shorted HOGS on the lower trading on Wednesday. Be ready to cover it on positive trading on Thursday. It's still showing an Island Reversal so the positive trading must be substantial, such as a close above the T-line, before closing it out. Obviously, if the market and the stock opens weaker on Thursday, continue to stay short. 11/11 It opened lower but was covered as soon as it went positive from Wednesday's close.

11/4 Bought LDK on the positive trading as it gapped open on Thursday. This means the J-hook pattern is still in progress. 11/5 It can be bought on positive trading after Friday's Doji day. 11/8 It can be bought aggressively on a positive open on Tuesday as it is breaking out into new high territory. 11/9 It gapped up and pulled back. It needs to open higher and trade higher to stay in it. It did come up through the recent high levels. However, if it opens lower on Wednesday, you will probably want to come out of the position and wait for the next buy signal. 11/11 It should have been closed out on Friday with it closing below the T-line.

11/2 Bought CTCM on the positive trading. It came back but we expect it to open positive and trade positive on Wednesday. Use a close below the T-line as your stop. 11/3 It can be bought aggressively on a positive open on Thursday. The Rounded Bottom pattern is still in progress. 11/4 It should have been closed out on Thursday. It closed back below the T-line during a 200 point up-move in the market.


 

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