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Trader X

Charts and more charts. Plus sporadic thoughts on the stock market, trading, politics, entertainment, sports, and everything else

Trading > Trader X

Back on the chain gang

Trader X | Tue, 05/05/2009 - 5:29am |  Add a comment

I am back from travels, and it is hard to motivate myself to blog. There are so many things I need to do, want to do, and should do. Blogging just falls low on that list right now. But things come and go in cycles, and I am sure that one day soon it will be back at the top of the list! Many thanks ... Read more

Trading > Trader X

COT - 050109

Trader X | Sat, 05/02/2009 - 8:43am |  Add a comment

Posted by Tom C. I had to make at least one more post before Trader-X returned from vacation. It was a strange week for me - I had Internet connection problems two days out of five (I hate Time Warner Cable), and a complete power outage one morning. I actually traded from a Starbucks one morning, ... Read more

Posted by Tom C. I know, if I were the guest host for Leno or Letterman you would be staring at a blank television. Sorry. My power was out this morning, so I did not trade today. I hope to get a few charts up before X is back next week. In the meantime you have this to look forward to: LOS AN ... Read more

Trading > Trader X

A new week

Trader X | Mon, 04/27/2009 - 7:57am |  Add a comment

Posted by Tom C. I apologize for the lack of posts on my part. I love blogging, but it is a low priority for me. Trader-X is due back next week, and I will post a few charts this week. And thank you for the positive feedback in comments. Have a good week everyone! _______________ ... Read the ... Read more

Trading > Trader X

AEM - 042009

Trader X | Mon, 04/20/2009 - 7:58pm |  Add a comment

Posted by Tom C. AEM gapped up and printed a strong first bar, with the next few bars staying above the halfway point of the first bar's range. I plotted my Fibonacci lines over the OR high to the previous day's low (classic X-style). The 4th bar broke the 50% retracement, but the 5th bar formed a ... Read more

Trading > Trader X

Twitter? No thanks.

Trader X | Mon, 04/20/2009 - 7:56am |  Add a comment

Posted by Tom C. Nothing against those of you who do it, but I just don't get it. "Twouble with Twitter" sous-titré by LePostfr _______________ ... Read the full post ... Read more

Posted by Tom C. Trader-X will return soon. Until then, you are stuck with a few more posts from me. Another trade I like is a setup that forms around the OR high (or low for a short). DRYS is a great example. Price gapped up and remained strong. It bounced around the OR high (the first 30-minut ... Read more

Trading > Trader X

A Tom C. setup...

Trader X | Tue, 04/14/2009 - 8:04pm |  Add a comment

Posted by Tom C. Regular readers know that I use MAs in my trading. One setup I like to trade is a large gap where price moves in the opposite direction (of the gap) to tag the 8EMA - you can think of it as a "reversion to the mean" trade. Please note, this is a higher-risk setup; it is higher ... Read more

Trading > Trader X

Vacation break

Trader X | Sun, 04/12/2009 - 4:08pm |  Add a comment

I am taking a break from my vacation, which will resume on Tuesday. I hope everyone is enjoying their April thus far. I ran across this and thought it was fitting: Also - regarding the college fund for RJ's daughter - money is still coming in; if you haven't already donated, read what $5 ... Read more

Trading > Trader X

LNC - 040709

Trader X | Tue, 04/07/2009 - 3:44pm |  Add a comment

Posted by Tom C. I almost passed on LNC (as a "u-turn"-type setup), because I wanted the trigger bar to close above the low of the OR, but it closed at the low instead ($6.61 vs. $6.62). But I like the bottoming pattern and the move up off the 8 and 13EMAs, so I bought on a break of the trigger ... Read more