Daytrading with Consensus

[Ares]

Here is my annotation of GRMN's 5 minute chart.

Will price break the new descending trendline?
Will it go sideways?

Let's see what the market decides to do on monday.

[Ares]

Looks like I rushed selling half of my EDVC (ENDE).

I sold it when I saw it below the 200sma and the RSI2 recently pointed down from above 70 on the daily chart.

I was wondering why my sell order was filled so fast.

What I forgot to check was the weekly chart, RSI2 is still oversold!

[Ares]

SKF and UYG daily chart:

[Ares]

Hi JKN,

Long time no see

[Ares]

Hi BigSully, La-onda,

It's nice to see you visit the thread. 

[BigSully1]

I'm always interested in your adventures, Ares, although I don't always understand them. Keep it up and Happy trading.

[Ares]

My order yesterday on SKF for 96.17 expired.

Today, I got filled on my buy order for SKF at 98.41 (that was placed before I left for work at 11:00 am (2:00 pm EST).

Got lucky (hopefully) because the low of that 5 minute candle was 98.38!


TD update:

UYG
#1 at 29.11, open
#2 at 30.55, open

SKF
#1 at 116.05, open
#2 at 105.46, open
#3 at 98.41, open

[Ares]

Looks like there's a lot of signs that SKF is heading higher but anything could happen.

Let's see how the market reacts to these indicators tommorow. 

[Ares]

Looks like the wolfe wave pattern materialized in UYG.

Placed an order to buy UYG at 33.45 before I left for work (and saw that I got a fill when I got back).

TD update:

UYG
#1 at 29.11, open
#2 at 30.55, open
#3 at 33.45, open

SKF
#1 at 116.05, open
#2 at 105.46, open
#3 at 98.41, open

[Ares]

TD update:

UYG
#1 at 29.11, open
#2 at 30.55, open
#3 at 33.45, open

SKF
#1 at 116.05, open
#2 at 105.46, open
#3 at 98.41, open

Has SKF found a new channel to follow? (Green)
Looks like it touched the wolfewave (Blue) at least twice.

Let's see what the market brings us today.

Job #s in about 15 minutes.

[Ares]

UYG's Daily chart:

[Ares]

Started to place more orders today on my TD account for my "Bracket Trading".

Orders as of 10:09am EST

Buy SKF at 89.70, filled
Sell SKF at 96.13, open
Buy SKF at 78.91, open
Sell UYG at 37.55, open
Sell UYG at 40.34, open

Updated orders as of 12:14pm EST

Buy SKF at 89.70, filled
Sell SKF at 96.13, open
Buy SKF at 78.91, open
Sell UYG at 37.55, open
Sell UYG at 40.34, open

Buy UYG at 36.25, filled
Sell UYG at 37.54, open
Buy UYG at 34.88, open

[Ares]

TD update:

UYG
#1 at 29.11, open
#2 at 30.55, open
#3 at 33.45, open
#4 at 36.25, open

SKF
#1 at 116.05, open
#2 at 105.46, open
#3 at 98.41, open
#4 at 89.70, open

I can't believe I only had 2 fills with all those orders I've entered!

I missed my opportunity to sell UYG at the 37's (I placed an order the previous day to sell it at 36.85, expired, and was not able to sell higher - now I have to wait for a recycle). It may be for the best.

The good thing is, I was able to buy SKF at 89.70 (instead of selling UYG at 37s) which was pretty close to the low of 89.65.

Starting monday, I will focus more on taking profits. 

Deleted previous drawings on SKF/UYG and starting fresh for monday:

[Ares]

TD update:

UYG
#1 at 29.11, open
#2 at 30.55, open
#3 at 33.45, open

SKF
#1 at 116.05, open
#2 at 105.46, open
#3 at 98.41, open

Has SKF found a new channel to follow? (Green)
Looks like it touched the wolfewave (Blue) at least twice.

Let's see what the market brings us today.

Job #s in about 15 minutes.

Hi Houlahan,

I found the "mis-label".

I meant UYG instead of SKF having the wolfewave.

Applaud for that sharp eye. 

[Ares]

I'm so glad that Melf Elf took the time to annotate UYG for me.

http://melfsworkshop.blogspot.com/

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_Q/threadview?m=te&bn=20255&tid=260238&mid=260238&tof=1&frt=2#260238