Trade and Commentary Wrapup 20080620-25

Hey gang,

I've been out of the office most of this week, so here is the action I did post for the room since Friday.

June 20, 2008

10:29 CSIQ base at lows ($46.45)
10:48 csiq first support ($45.40)
10:52 csiq second support ($45)
11?01 http://www.tradingfrommainstreet.com/images/trades/20080620_CSIQ.gif Here is that "D" setup on CSIQ

10:30 GMXR starting to basee at highs (no setup)


June 23, 2008
Out of office.


June 24, 2008

11:57 Toni: Market Alert: futs resistance
11:57 Toni 15-30 min time frame

12:29 Toni futs resistance 2 min

12:36 Toni Market Alert: ES potential momo reversal 5 min
12:57 Toni first small support on momo reversal
12:58 Toni 5 min 20 SMA
15:26 Toni the ES momo reversal picking up after the 2T on the 5 min

13:32 Toni Market Alert: ES avalanche forming for cont potential on the momo reversal at this first support level


June 25, 2008

11:33 Toni : PCLN "D" setup on the 5 min
11:33 Toni : 11:33:48 Breakout Template: For information on A, B, C, D, or Z template patterns, please see http://tradingfrommainstreet.com/images/roomexamples/BREAKOUT_TEMPLATE.gif The green circle is the entry with the red bar as the stop.
11:33 Toni : !!!!!
11:33 Toni : sry... popped!
11:34 Toni : argh
11:35 Toni : sry guys... tried to get logged in here in time!
11:36 Toni : this is initial target
11:45 Toni : barely caught pcln but made 50 cents in like 5 minutes
11:45 Toni : that is all i've traded today so far tho

11:56 Toni : 11:56:31 Market Alert: futs support 5 min

12:32 Toni : nq and er into some initial resistance coming off the support

13:01 Toni : WX is thin but basing at highs

13:02 Toni : DRI btw had a daily momo buy setup that triggered today
13:02 Toni : something to watch for upside cont. on that time frame


13:11 Toni : AAPL potential "d" on the 5 min ($176.40 zone entry)
13:11 Toni : 13:11:53 Breakout Template: For information on A, B, C, D, or Z template patterns, please see http://tradingfrommainstreet.com/images/roomexamples/BREAKOUT_TEMPLATE.gif The green circle is the entry with the red bar as the stop.
13:11 Toni : buy
14:11 Toni : AAPL on the move
14:11 Toni : look to go ahead and bail.. fed
14:11 Toni : 177.25 highs just made

13:12 Toni : SHLD forming 5 min avalanche
13:12 Toni : 13:12:15 Avalanche: For more information on this setup, please see http://www.tradingfrommainstreet.com/techanalysis.html#4
13:41 Toni : first bit of SHLD support
13:41 Toni : 75.52 last
13:52 Toni : 75.52
13:51 Toni : be sure to ge out of SHLD before the fed
13:51 Toni :stuck at first support here
13:51 Toni : 75.53

13:12 Toni : just missed "a" setup on ptr