Price action stock trades

TRN short felt really confident placing stop limit sell order along with contingent bracket order should the trade trigger
unfortunately did'nt get filled , could have been a trade entry error on my part because it traded thru the area where trade would trigger.

Walt Disney Co.

Uptrend could be running out of steam. Price has been unable to push through the high for 5 candles.
Maybe worth a small position short if price breaks below the low of the last candle.
Counter-trend, so risky, any break of the high would nullify the likely-hood of the bears taking control.

Gumari....my charting looked like an ascending triangle in an uptrend. No problem though as this trade would not have triggered...am enjoying your analysis and insight..

Yes Decades, just shows that we should always wait and see what the market tells us.

Looking at the S&P Emini. It will be interesting to see where this goes from here. Technically it should be screaming LONG!
But I really don't like these sudden and erratic moves.
If we see Bullish strength next week, it could be worth a small position, but the bears have shown strong resolve for 2 days last week.

TSCO exited near resistance

AJG long exited +.75 risk units

DLX short exited +.90 risk units

ECL long exited +.80 risk units

HBAN short -1.0 risk units

VRA short +1.1 risk units

MSG long exited +1 risk units

SAAS exited short -1.0 risk unit

Decades,

Thanks for the regular posts. That's very useful to a new trader like myself. I'm hoping you'll be kind enough to explain some of the jargon?

First of all, "inverted hammer"...is that a high test bar?

And the "risk units" mentioned in your most recent posts, how do you calculate those? Is it entry lvl - stop lvl?

Finally, I'm looking for your opinion on something: You appear to be trading very short term. Is that right? My focus has been end-of-day trading and I've primarily been looking at long runs to maximise profit and minimize risk (if you're already in a winning trade then stick to it - right?).

I guess that philosophy depends upon how much you're willing to risk. But I'm new at this so please keep me right if you will!

Thank you,

Gareth

First of all, "inverted hammer"...is that a high test bar?.... yes

And the "risk units" mentioned in your most recent posts, how do you calculate those? Is it entry lvl - stop lvl?... yes , then take that number and divide it into $ amount you want to risk per trade to give the number of shares to buy/sell

You appear to be trading very short term. Is that right?...yes

if you're already in a winning trade then stick to it - right?) ... exits you can either try to nail a top / bottom or trail a stop ...maybe stick with the ones showing strong momentum ...I need to work on that ... haven't really made enough trades here to be statistically significant so am not sure what I'm doing now will be profitable in the long run ..to be determined...

SWY exited short +.6 risk units

AIRM exited short -1.0 risk units

Coca Cola Co
has been in a strong uptrend for months and even though it has been more ranging than trending recently, it is still making higher highs
Price has now formed a double bottom and the last candle is a bullish engulfing pattern candle following an indecisive doji with a relatively long lower shadow.
If it opens next week without a gap up, is worth considering a long position at the break of the last candle's high
A large gap up may mean a decent likely R:R is not available

FDO exited @ break even , stock not acting right for four days in a row since entry

CETV short exited +.5 risk units

I saw Disney up on the thread so took a look. The extremely bearish pin bar is obvious, but see how high it rose and how quickly? Like a star dying, shining its brightest before it flames out. Seems like an obvious short. Much the same as Johnson and Johnson JNJ. I am seeing a lot of similar stuff as I go through the monthly charts.