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Archive for: June 2008

June 30, 2008

When To Short Failed Buy Signals

Filed under: Trading Patterns - 30 Jun 2008

Here’s a case today where the buy signal fails on the 5-minute chart. GG signals a buy signal. It stalls, and then breaks the pivot low.

gg-5-min-063008.jpg

I chickened out, but should have shorted this move. …

Market Thoughts and DIG 063008

Filed under: Online Stock Trading - 30 Jun 2008

We’re back to trading like we did in March, where the daily Nasdaq chart is not much help. I’m trading off the 60-minute and 15-minute charts much more.

I’m also giving little room with stops. As soon as I …

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