A Tycoon's Trading Diary

True story of the making of a tycoon. Options trading, trading systems, wealth, money management...

Thursday, June 21, 2007

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 15.270.60

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