Birth of a new trading template

While doing my regular week end check I have fall onto a possible mid term trading template. In fact it is a version of the popular TTC-A (from dr. Cooper). I named it after myself TTC-D(ay).

It is quite simple and I will only put here the new parts (go and check TTC-A with dr. Cooper!):

• Choose only stocks that are in IBD Indsutry group A- or better.
• Weekly close is down, while volume is either down or average.
• W%R makes a dip (for long trades) under -50.
• Stock closes above SMA 7 day.
• Exit: when stock comes back below W%R -20 and closes below SMA 7 day.

That's it folk, back test a bit and go ahead!

Choppy Friday

General notes
Has just added a new rule to my trading to make it more profit proof. From now on I will check the Industry Group RS and will only make a trade if the underlying stock is in an industry group of A- or better.

Filtered Trade Candidates for the Day
GAPHV: MBT (has to wait to clear buy-point on heavy volume), SPWR (cleared buying point shall spot the upswing and set target)

Trade Session Notes
Nikkei...18138.36...+206.09...+1.2%.
Hang Seng...21772.73...-165.49...-0.8%.
FTSE...6551.30...-20.00...-0.3%.
DAX...7915.37...-5.99...-0.1%.

9:51:45 AM Market sentiment: bullish

CBOE VIX

14.88

-0.66

Market	Adv	Decl	Unch
Nasdaq	3,324	1,290	226
NYSE	2,128	573	118

10:23:37 AM Market sentiment: bullish

CBOE VIX

14.84

-0.70

Market	Adv	Decl	Unch
Nasdaq	3,610	1,493	220
NYSE	2,145	678	104

10:58:54 AM Market sentiment: bullish

CBOE VIX

14.91

-0.63

Market	Adv	Decl	Unch
Nasdaq	3,733	1,584	244
NYSE	2,167	708	115

11:31:15 AM Market sentiment: bullish

CBOE VIX

15.05

-0.49

Market	Adv	Decl	Unch
Nasdaq	3,734	1,741	248
NYSE	2,129	789	111

12:49:15 PM Market sentiment: nervous (based on Terror news from London)

CBOE VIX

15.74

+0.20

Market	Adv	Decl	Unch
Nasdaq	3,176	2,504	257
NYSE	1,792	1,162	129

1:28:49 PM Market sentiment: undecided

CBOE VIX

15.73

+0.19

Market	Adv	Decl	Unch
Nasdaq	3,250	2,506	255
NYSE	1,844	1,140	112

Open Trades as of EOD 28 June

.UPUGR	CTSH JUL 90 Call	$76.60	$0	($560.00)
Break even at $4.55. Time close at 22 June, Friday. Loosing trade!
.PAQHR	PCAR AUG 90 Call	$87.45	$2.95	($105.00)
Open GAPHV day 8 light retracement
.SWQSV	SNDK JUL 42.5 Put	$48.64	$0.1	($440.00)
Complete looser part!!!
.TEXJQ	TEX OCT 85 Call	$81.01	$5.2	($380.00)
TTC-A, watch for %Williams -50!!! bounce or not, 81.5 support

No time to wait tll the FED decision is out...

Filtered Trade Candidates for the Day
GAPHV: SPWR, MBT
TTC-A: PVH
MACRSI: WCG

Trade Session Notes
Nikkei...17932.27...+82.99...+0.5%.
Hang Seng...21938.22...+232.66...+1.1%.
FTSE...6564.60...+37.00...+0.6%.
DAX...7892.87...+91.64...+1.2%.

10:30:03 AM Market sentiment: Slightly Bullish (but full of waiting)

CBOE VIX

15.5

-0.03

Market	Adv	Decl	Unch
Nasdaq	3,098	1,992	241
NYSE	1,825	981	153

11:01:16 AM Market sentiment: Neutral (waiting for the sun - read FED Meeting end)

CBOE VIX

15.52

-0.01

Market	Adv	Decl	Unch
Nasdaq	3,077	2,226	266
NYSE	1,782	1,064	153

11:27:24 AM Market sentiment: no change

CBOE VIX

15.48

-0.05

Market	Adv	Decl	Unch
Nasdaq	3,129	2,298	257
NYSE	1,810	1,077	141

Open Trades as of EOD 27 June

.UPUGR	CTSH JUL 90 Call	$76.04	$0	($560.00)
Break even at $4.55. Time close at 22 June, Friday. Loosing trade!
.PAQHR	PCAR AUG 90 Call	$87.80	$3.1	($90.00)
Open GAPHV day 8 light retracement
.SWQSV	SNDK JUL 42.5 Put	$48.51	$0.1	($440.00)
Complete looser part!!!
.TEXJQ	TEX OCT 85 Call	$81.15	$5.4	($360.00)
TTC-A, watch for %Williams -50!!! bounce or not, 81.5 support

That was it for a busy day, Wednesday 27 June 2007

Trade Session Notes
Nikkei...17849.28...-216.83...-1.2%.
Hang Seng...21705.56...-98.01...-0.5%.
FTSE...6536.40...-22.90...-0.3%.
DAX...7811.64...-48.91...-0.6%.

10:01:37 AM Markets sentiment: bearish (but coming back a bit)

CBOE VIX

18.27

-0.62

Market	Adv	Decl	Unch
Nasdaq	1,613	3,250	227
NYSE	859	1,858	150

10:25:15 AM Market sentiment: bearish to neutral/split

CBOE VIX

18.04

-0.85

Market	Adv	Decl	Unch
Nasdaq	1,937	3,243	250
NYSE	1,019	1,776	126

11:03:55 AM Market sentiment: neutral (choppy)

CBOE VIX

17.67

-1.22

Market	Adv	Decl	Unch
Nasdaq	2,361	3,082	248
NYSE	1,273	1,571	134

11:25:34 AM Market sentiment: neutral to bullish (choppy)

CBOE VIX

17.23

-1.66

Market	Adv	Decl	Unch
Nasdaq	2,753	2,767	260
NYSE	1,448	1,433	121

Open Trades as of EOD 26 June

.UPUGR	CTSH JUL 90 Call	$74.84	$0.05	($555.00)
Break even at $4.55. Time close at 22 June, Friday. Loosing trade!
.PAQHR	PCAR AUG 90 Call	$85.77	$2.35	($165.00)
Open GAPHV day 8 light retracement
.SWQSV	SNDK JUL 42.5 Put	$47.31	$0.2	($420.00)
Complete looser part!!!
.TEXJQ	TEX OCT 85 Call	$82.67	$6.2	($280.00)
TTC-A, watch for %Williams -50!!! bounce or not, 81.5 support

Too Choppy Tuesday

Filtered Trade Candidates for the Day
GAPHV: SPWR (pulling back in heavy volume, cleared 4 weeks base cup on heavy volume 1 bar ago), GOOG (cup with handle break out just 1-2 bar ago?, moving north in heavy volume), MBT (pull back in light volume, lurking around buy point from a 4 weeks base break out)
TTC-A: (nil)
MACRSI: CENX (Moving south in lighter volume. MA cross 2 bars ago)

Trade Session Notes
Nikkei...18066.11...-21.37...-0.1%.
Hang Seng...21803.57...-18.78...-0.1%.
FTSE...6565.60...-55.80...-0.3%.
DAX...7854.43...-76.18...-0.9%.

CBOE VIX

16.26

-0.39

11:29:25 AM Market sentiment? bearish.

CBOE VIX

16.94

+0.29

11:55:30 AM Market sentiment? rather neutral both SPWR and CENX (selected trade candidates) are down.

CBOE VIX

16.74

+0.09

Market	Adv	Decl	Unch
Nasdaq	2,893	2,667	279
NYSE	1,514	1,407	122

12:25:48 PM Market sentiment? slightly bullish

CBOE VIX

16.57

-0.08

Market	Adv	Decl	Unch
Nasdaq	2,949	2,713	254
NYSE	1,549	1,379	132

12:56:56 PM Market sentiment? neutral, just as SPWR that I wanted to trade.

CBOE VIX

16.62

-0.03

Market	Adv	Decl	Unch
Nasdaq	2,918	2,805	253
NYSE	1,518	1,457	110

Open Trades as of EOD 25 June

.UPUGR	CTSH JUL 90 Call	$75.48	$0.07	($553.00)
Break even at $4.55. Time close at 22 June, Friday. Loosing trade!
.PAQHR	PCAR AUG 90 Call	$86.18	$2.45	($155.00)
Open GAPHV day 8 light retracement
.SWQSV	SNDK JUL 42.5 Put	$47.13	$0.18	($424.00)
Complete looser part!!!
.TEXJQ	TEX OCT 85 Call	$83.75	$6.88	($212.00)
TTC-A, watch for %Williams -50!!! bounce or not, 81.5 support

Monday, 25 June 2007

General notes
Had no time at all to take care about trading today + VIX was up while market was up at around 10:00 A.M., that I took as a divergence. (Not favourable start for a trading day!)

Trade Session Notes
Nikkei...18087.48...-101.15...-0.6%.
Hang Seng...21822.35...-177.56...-0.8%.
FTSE...6556.70...-10.50...-0.2%.
DAX...7873.79...-75.39...-1%.

CBOE VIX

16.08

+0.33

Open Trades as of EOD 22 June

.UPUGR	CTSH JUL 90 Call	$75.93	$0.05	($555.00)
Break even at $4.55. Time close at 22 June, Friday. Loosing trade!
.PAQHR	PCAR AUG 90 Call	$87.42	$3.2	($80.00)
Open GAPHV day 8 light retracement
.SWQSV	SNDK JUL 42.5 Put	$47.90	$0.15	($430.00)
Complete looser part!!!
.TEXJQ	TEX OCT 85 Call	$83.50	$6.8	($220.00)
TTC-A, watch for %Williams -50!!! bounce or not, 81.5 support

Friday on my mind...

General notes
Found a new watchlist entry again! After a few day hiatus. Also, I realized, already yesterday in fact that closing out the SNDK call position's second part was silly especially with the trailing stoop. Should have done that only with the first part and seek some technical means to determine exit point. Tough learning (even with virtual money) on advanced positions, as I hold a put still :(...

Filtered Trade Candidates for the Day
MACRSI: ISE, LUFK


Trade Session Notes

Down day... till I was online.
Open Trades as of EOD 21 June

.UPUGR	CTSH JUL 90 Call	$76.50	$0.05	($555.00)
Break even at $4.55. Time close at 22 June, Friday. Loosing trade!
.PAQHR	PCAR AUG 90 Call	$89.43	$4.1	$10.00
Open GAPHV day 8 light retracement
.SWQSV	SNDK JUL 42.5 Put	$48.54	$0.15	($430.00)
Complete looser part!!!
.TEXJQ	TEX OCT 85 Call	$83.99	$6.9	($210.00)
TTC-A, watch for %Williams -50!!! bounce or not, 81.5 support

Call it a day, even if dull

General notes
While riding the bus dear, I have thought about changing the SMA crossover numbers for my MACRSI template to 11 from 7, while also changing the RSI, Wilder frequency to 11 from 14. I know it's just numerology :) ...

Filtered Trade Candidates for the Day
GAPHV: SPWR (also in a break out try from a 4 week base, strong up volume in last bar), MBT (also in a break out try from a 4 week base, light down volume in last bar)
MACRSI: VIP (also just retraced to a recently broke resistance capping a 4 week base, light down volume in last bar)
TTC-A: CTRP (testing support, light down volume in last bar)

Trade Session Notes
Nikkei...18240.30...+28.62...+0.2%.
Hang Seng...21954.67...+270.00...+1.3%.
FTSE...6620.20...-29.10...-0.4%.
DAX...8021.34...-69.15...-0.9%.

CBOE VIX

15.27

0.60

10:00:43 AM ET VIX is up and declining issues lead over advancing ones 3 to 1.

Open Trades as of EOD 20 June

.UPUGR	CTSH JUL 90 Call	$76.56	$0.13	($547.00)
Break even at $4.55. Time close at 22 June, Friday. Loosing trade!
.PAQHR	PCAR AUG 90 Call	$88.67	$3.8	($20.00)
Open GAPHV day 8 light retracement
.SWQSV	SNDK JUL 42.5 Put	$46.45	$0.25	($410.00)
Channel bottom: $41,65, WATCH RSI 50 mark!!!
.TEXJQ	TEX OCT 85 Call	$82.76	$6.3	($270.00)
TTC-A, watch for %Williams -50!!! bounce or not, 81.5 support

No trade today... markets tumbling sideways

General notes
Found one issue for my watchlist SSYS.

Filtered Trade Candidates for the Day
GAPHV: CRDN, MBT, VIP, SPWR
TTC-A: CTRP
MACRSI: MBT, VIP, SPWR, TSO

Trade Session Notes
Nikkei...18211.68...+48.07...+0.3%.
Hang Seng...21684.67...+101.78...+0.5%.
FTSE...6672.60...+22.40...+0.3%.
DAX...8106.32...+72.80...+0.9%.

CBOE VIX

13.1

0.25

Nominees for today's trading session are: MBT (GAPHV 4 bars ago, MACRSI 5 bars ago) or VIP (MACRSI 2 bars ago with a GAP up, and breaking out of a 4 weeks base); CTRP (TTC-A 2 bars ago, possibly breaking out of cup w handle soon!); SPWR (MACRSI and GAPHV 4 bars ago; possibly breaking out of a proper base).

Open Trades as of EOD 19 June

.UPUGR	CTSH JUL 90 Call	$77.69	$0.1	($550.00)
Break even at $4.55. Time close at 22 June, Friday. Loosing trade!
.PAQHR	PCAR AUG 90 Call	$90.27	$4.7	$70.00
Open GAPHV day 8 light retracement
.SWQSV	SNDK JUL 42.5 Put	$47.62	$0.15	($430.00)
Channel bottom: $41,65, WATCH RSI 50 mark!!!
.TEXJQ	TEX OCT 85 Call	$85.46	$7.8	($120.00)
TTC-A, watch for %Williams -50!!! bounce or not, 81.5 support