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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (13343)	6/28/2008 8:27:58 PM
From: vireya	Respond to of 13449

Anyone using AmiBroker chart system? Ive read that it is more responsive to suggestions than is TC2007

To: chowder who wrote (13343)	6/28/2008 9:55:26 PM
From: ZJOHN	Respond to of 13449

Thanks Dabum. I appreciate you taking the time to respond to my questions. John

To: chowder who wrote (13343)	7/4/2008 7:18:02 PM
From: chowder	Respond to of 13449

Re: APWR ... Last week I presented a buy set up on APWR. Here was the set up: >>> The trade set up is to wait for price to start rising. The trade is entered once price can trade above Friday's high of the day. (Above $27.00.) I don't jump the gun. I wait for price to prove it can overcome immediate overhead resistance which is Friday's high. If price can do that on Monday, then you have upside momentum and the odds are good that momentum will continue. If the trade triggers above $27.00, I then place an immediate stop loss below the green price support line. (Below $24.00.) <<< The trade did trigger and immediately price headed down. I was stopped out of the trade. I think it's important to show the failures as opposed to only showing our winners. I think it's important to show how we deal with failure since not every trade turns out to be a winner for anyone. With the market heading down last week, most stocks went with it. Hence the need for immediate stops. You don't want small losses to turn into big losses because it is a lot tougher to make that ground up. APWR may indeed head higher from here, and that's OK. I'll patiently wait for another set up and go from there. Meanwhile, I'm out with minimal losses. Here is the up to date chart with the original analysis: