Trade Wrapup 20080815 and 18

The following is a wrapup of all my market calls and trade posts for Aug. 15-16, 2008.

Instructions for Use:

When following along in the chatroom, futures posts are done most often as support / resistance calls with support as buy and resistance as short (or closing out open positions from the other direction. These are pivots. Other patterns are posted according to the pattern forming, such as the Avalanche on the NQ below, and a link showing how to trade the pattern is posted.

Stock calls are breakout patterns unless otherwise stated with bases at highs as buys and bases at lows as short. We use the following template:
http://tradingfrommainstreet.com/images/roomexamples/BREAKOUT_TEMPLATE.gif

There is a link giving instructions for accessing this free chatroom on the lower left side of the page at http://www.tradingfrommainstreet.com/


WRAPUP

Hey gang, I have been on vacation and getting the kids back into school the last couple of weeks, so I have not been very active. Things will continue to be slow on my part over the next couple of weeks while I complete a book project. Here is what I've posted from Friday and today:

20080815

10:13 Toni: CY attempting another breakout (no break)

10:42 Toni: NMX keep an eye on this coming week on the upside.. forming daily phoenix
10:42 Toni: 10:42:55 Phoenix: For more information on this setup, please see http://www.tradingfrommainstreet.com/techanalysis2.html#17

11:31 Toni: NMX later today maybe tomorrow



10:47 Toni: futures at some 5 min resistance in here

11:30 Toni: ENR base at highs



11:49 Toni: MGM potenital 15 min avalanche
11:49 Toni: 11:49:17 Avalanche: For more information on this setup, please see http://www.tradingfrommainstreet.com/techanalysis.html#4
11:49 brandon: I like that one T
11:49 brandon: could be a good swing too
11:57 brandon: Im short MGM...
12:09 Toni: MGM first support
12:15 brandon: mgm nice t, thank you
12:19 Toni: equal move target hitting




20080818

12:52 Toni: FCX phoenix potential (no trigger)
12:52 Toni: 12:52:30 Phoenix: For more information on this setup, please see http://www.tradingfrommainstreet.com/techanalysis2.html#17
12:52 Toni: 5 min

12:53 Toni: no exhaustion move on this market drop even though equal move hit on the 15 min
12:53 Toni: meaning no volume spike
12:54 Toni: 13:00 correction period coming up
12:55 Toni: equal move hit on 5 min indices since premarket also
12:55 Toni: in that zone now

13:30 Toni: bullish 5 min base on JRCC (no setup)
13:31 norancho: CLF similar, but I am wondering if the bases may be a little stretched
13:31 Toni: that is possible.. would have to go off the 15 min 20 sma

13:33 Toni: POT 15 min avalanche
13:41 Toni: 170 pot target
14:21 Toni: POT coming into target zone
14:47 cduncan: TY for POT call, Toni
14:47 Toni: yw
14:53 Toni: POT perfect hold on target 170



14:04 Toni: third push down here since mid-day on the ES
14:04 norancho: that is signal for a bounce, right?
14:08 Toni: yep
14:20 Toni: hmm... or no bounce....
14:20 Toni: trend quite extended here intraday
14:20 Toni: not really wanting to short now
14:28 Toni: futures support
14:44 Toni: futures at pretty decent support zone now
14:44 Toni: trying to round off
14:51 Toni: pace not confirming support on 1 min NQ.. room for one more flush
14:52 Toni: here is flush
14:56 Toni: decent chance we hold lows zone in the market into the close
14:57 charlie: Toni..and here i was thinking we would get a rally!!
14:57 Toni: :)
14:57 Toni: well i was hoping for one!
14:57 charlie: thanks
14:57 Toni: scratched my first attempt to buy the low
15:01 Toni: not looking yet like we will see the momo shift .. trying for cont of the flush
15:01 Toni: seems like choppy last hour most probable
15:02 Toni: can still get a pop
15:56 Toni: hey.. market held our support but was definitely choppy too as expected