Importance of Price Action

http://tracer-tracer.blogspot.com/2011/12/only-one-side-of-market-right-side.html

I just posted this for the record regarding how cheap is cheap.

Never buy a stock because it has a big decline from its previous high.

The likelihood is that the decline is base on a very good reason. That the stock may be selling at an extremely high price- even if current levels seems low. Livermore

My Diary

This will be the last post on thi blog. I have difficulty in accessing it for the past few weeks.
Anyway,  here is the link to my mysterious Diary.


http://stocktracer.wordpress.com/

Long USD JPY

Shaded Green Areas, weekend sideways and a drop on Mondays and a rally on Thursdays.

DJIA

from my Diary

Foreign Buying vs Selling

14 straight days foreign buying  while PSEI 7 days up and 7 days down since Feb 15.

Example of Money Management Reset 3rd Week of Feb - Final

Sold last 2 positions, DIZ and RCB.

Example of Money Management Reset 3rd Week of Feb - 10

sold 13 ( AP) 14 (PSE) and 11( UBP), will sell number 10 if it will not hold.

Foreign Buying VS Selling

DJIA one minute intraday chart. 150 point rise in the opening.

Since Feb 16, 8 days straight foreing buying while PHISIX 5 straight red days.

Example of Money Management Reset 3rd Week of Feb - 9

Will sell no. 13 and probab;y no,11
http://tracer-tracer.blogspot.com/2012/02/example-of-money-management-reset-3rd_23.html

How I Timed CHI

CHI ( no. 6) Almost the same as OV, but shorter period. Maybe it will continue going up or down. Who knows for sure.

For me, it does not matter. I pay strict attention to price action.

If you click the link below, i posted the huge spike from 2% to 20% intraday.

http://tracer-tracer.blogspot.com/2012/02/example-of-money-management-reset-3rd_21.html

This sense of knowing that you were wrong even before the market tells you becomes, in time, rather highly developed. It is a sub-conscious tip off. It is a signal from within that is base on knowledge of past market performances. Sometimes it is an advance agent of the trading formula. Livermore

How I timed OPM

If you look at OPM (no. 9), I entered a bit late. But still managed to profit by just watching for danger signals.

But of course its a bukll market, it may still go up or go down, who knows. Price action is the most important factor.

http://tracer-tracer.blogspot.com/2012/02/example-of-money-management-reset-3rd_21.html

From My Diary...

How I timed OV

It may still go higher.... Who Knows for sure..........

OV ( no. 4) The longer the consolidation the higher the spike. 

Breakout was on Feb 17 @ .033 as posted in my diary

( see below screen shot).

The danger signals can be found in the inset chart, broke the uptrend line.

So, you see, it is easier to profit in an uptrend than trying to catch the bottom. As long as you know and believed you can execute your stops. Just imagine how many bottoms it made for the last 3 years.

"I do not say that these danger signals are always correct, as stated before, no rules applying to stock fluctuations are 100% right. But if you pay attention to them consistently, in the long run you will profit immensely." Livermore

From My Diary..

The goal of a good trader, paradoxically, is not to make money.

His goal is to trade well. If he trades right, money follows almost as an

afterthought. Successful traders keep honing their skills. Trying to reach

their personal best is more important to them than making money. .  A. Elder


OV Exit as posted.
http://tracer-tracer.blogspot.com/2012/02/example-of-money-management-reset-3rd_5105.html

Example of Money Management Reset 3rd Week of Feb - 8

sold 6 (RLC) and 5  (AEV)

Example of Money Management Reset 3rd Week of Feb - 7

Sold no 4 and 9, OV and OPM, nice run.....

Example of Money Management Reset 3rd Week of Feb - 6

PSEI

Have been using Sept 2010 top as basis for strongest stocks, I think is is over used. the 93 issues that broke above September top is not moving anymore. 

December 29 PSEI breakout will be my new basis.

Five straight days of foreign buying. Will the 25 days straight foreign buying happen again while locals were selling not noticing the index climbing up???

Example of Money Management Reset 3rd Week of Feb - 5

Holy Cow, my number 6, from 2% this morning post to 21%...

as previously mentioned, will sell no 7. (GERI)

Bought no 8.

http://tracer-tracer.blogspot.com/2012/02/example-of-money-management.html

My Diary

My diaries traffic increased to 23. Lucky Guys i supposed.

Not a bad call for PSE, now 395..