Friday, June 25, 2004
click here for G chart
6/25 We were long G from 6/23 at $43.12 EOD. This whipsaw action took us out in one day at $42.65 EOD for -.47, 1%. We'd rather take a small loss than risk a bigger one. Intra-day traders never triggered an entry, so no loss there.
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Posted by Admin @ 11:36 AM PST [Link]
Thursday, June 24, 2004
click for JPM chart
6/23 We were short JPM from 6/14 at $37.16. Today we closed the position at $37.62 for a small loss of -.46, 1.2%.
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Posted by Admin @ 04:57 AM PST [Link]
click for IBM chart
6/23 We were short IBM from 6/21 at $90.12. Today we closed the position at $90.79 for a loss of -.67, less than 1%.
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Posted by Admin @ 04:52 AM PST [Link]
click for ADI chart
6/23 We were short ADI from 6/14 (and closed out first half on 6/22 at $45.46 for +$2.59, 5.4%). Today we close out 2nd half for +$1.52, 3.2%
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Posted by Admin @ 04:45 AM PST [Link]
click for DIA chart
6/23 We were short DIA from 6/16 at $103.99. Today DIA rallied and hit our stop, $104.75, for -.76, less than 1%.
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Posted by Admin @ 04:38 AM PST [Link]
Wednesday, June 23, 2004
6/22 We are short ADI from 6/14 at $48.05. After hitting our first profit point, we exit half our position with the 60 minute cross up 6/22 at $45.46 for a profit of $2.59, 5.3% in one week.
Posted by Admin @ 05:04 AM PST [Link]
Friday, June 18, 2004
Click here for N chart
6/16 We were short N from 6/10 at $32.39. Today we got whipsawed out with cross up of TRSI and 3x3 on daily chart at $33.64 EOD for a loss of -$1.25, 3.8%.
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Posted by Admin @ 05:10 AM PST [Link]
Thursday, June 17, 2004
click here for EMR chart
6/16 We were short EMR from 6/14 at $60.48. We were whipsawed out in two days at $60.99 for a loss of -.61, 1%. Better to take a small loss than a big one. We are keeping EMR on our watchlist--we may enter again if it drops.
Posted by Admin @ 04:54 AM PST [Link]
Tuesday, June 15, 2004
click here for RHI chart
6/14 We were long RHI from 5/27 at $27.96 (We closed the 1st half on 6/3 at $28.56) Today, with the cross down of TRSI and 3x3 on daily we close out the 2nd half at $29.16 for a profit of +$1.20, 4.3%.
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Posted by Admin @ 05:06 AM PST [Link]
Monday, June 14, 2004
[10:58] I'd have never made any of these good picks without your patience and lessons, FibMaster.
Posted by FibMaster @ 11:05 AM PST [Link]
Click for CFB chart
The attached chart is a good example of a DRPO trade. This one is a short, a stock on the daily chart. Beautiful! Thanks for Eric from our intraday chat room for this chart. Nice trade Eric.
Posted by FibMaster @ 10:54 AM PST [Link]
click here for ROK1 chart
6/10 We were short ROK 4/30 at $32.69 EOD on the weekly chart. Today the weekly TRSI closed up, so we take our exit at $33.94 EOD (there's a typo in spreadsheet of exit at 33.78) for a losss of
-$1.25, 3.8%. ROK may still fall, but we respect our exit trigger.
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Posted by Admin @ 04:03 AM PST [Link]
Tuesday, June 8, 2004
click here for WY chart
6/7 We were short WY from 6/3 at $59.25 EOD. It rallied against us today and took us out at $61.00 EOD for a loss of -$1.75, 2.9%
Posted by Admin @ 05:32 AM PST [Link]
click here for COF chart
6/7 We were short COF from 6/3 at $68.31. It rallied against us today and took us out at $71.86 EOD for a loss of -$3.55, 5.2%.
click here for ProfitPoint newsletter 040601.pdf (52k file)
Posted by Admin @ 05:27 AM PST [Link]
click here for VIP1 chart
6/7 We were short VIP from 6/2 at $93.80. The market rallied against us today and took us out of VIP at $96.27 EOD for a loss of -$2.47, 2.6%.
click here for ProfitPoint newsletter 040531.pdf (42k file)
Posted by Admin @ 05:21 AM PST [Link]
Monday, June 7, 2004
click here for LEH2 chart
6/4 We were short LEH from 6/1 at $74.56. The first two days LEH went in our favor, but on 6/4 there was a surprise spike that took us out on cross up of TRSI and 3x3 on daily chart at $76.02 EOD for a
-$1.46 loss, 1.9%
click here for ProfitPoint newsletter (43k file)
Posted by Admin @ 04:55 AM PST [Link]
Friday, June 4, 2004
Fibmaster's ProfitPoint newsletter had a very good month in May. May's summary (revised) is below and details for all trades were posted in real time under Charts and Trades.
8 non-triggered trades
2 break-even trades
11 Positive trades for +26.23
8 Negative trades for -5.29
Net gain 20.94
Posted by Admin @ 04:52 AM PST [Link]
6/3 We are long RHI from 5/24 at $27.96. On 6/2 RHI rallied beyond our 1st profit point and Fibmaster alerted his subscribers that he "will take partial profits on a 30 min cross down, then hold the rest for a daily cross down". Today we were triggered out of 1st half with that 30 min cross down at $28.56 for +.60, 2.1%
Posted by Admin @ 04:01 AM PST [Link]
Thursday, June 3, 2004
click here for EL chart
6/2 We were long EL from 5/24 at $44.55. On 5/26 we closed out half our position at $45.75 at 1st profit point, for +$1.20, 2.7%. Today the daily chart triggered us out of the remaining position at $45.38, for +.83, 1.9%. This was not a big move, but we take what the market gives.
click here for ProfitPoint newsletter(41k file)
Posted by Admin @ 05:22 AM PST [Link]
Wednesday, June 2, 2004
click here for Corn1 chart
6/1 Dianne is a member of our ProfitPro chat room. Using Fibmaster's method of using SK levels to trade, on 5/20 she went long on Corn futures at 2964. Today, 6/1, she exited at 3220 for a very nice profit. She had two anxious days after entry while it retested its most recent low, but her stop loss was just under the SK level at the 2870 area, an acceptable risk with her trading strategy. (Notice that it supported at this SK level three days prior, then crossed and closed above 3x3 on daily chart--this was her entry trigger). Today it gapped up above the .618 resistance level and approached the 1.618 expansion level, so she decided not to get greedy and banked the gains. Incidentally, she used options for this trade and realized a 63% profit! Very nice for an eight day trade. Well done, Dianne!.
Posted by Admin @ 05:15 AM PST [Link]
