AIQ Ready

After a week of flooring I am ready to get back to trading. Well, I did a couple of little trades last week and made a few bucks but nothing to really get excited about. What I am revved up about is our AIQ scanner is now ready. I will post everynight what stocks I am looking to buy or short and what price. Today I traded about 10 stocks on stockstar just to see how things were working. About 1.3% on the day so a very nice start. Tomorrow here is what we are looking at...

Short

ADBE 33.95
TCB 12.41
BSX 8.40

Long

PCAR 40.07
ROP 52.41

See what tomorrow brings.

The Aussie

I found a fibwit on the daily aussie chart but it had triggered already by the time I got up. I entered on the break of a 3 pt and suffered 270 bucks worth of drawdown before I got outa there for 1 tick in profit. A tick is better than a loss but geez cant I get into a trade and it just go to my target? I guess that wouldnt be any fun if it happened all the time but just once would be nice. No new buys in the stock market but PMI came up a bit. We have fibwits in the British Pound and Soybean Oil for tomorrow.

Mr. Yen Again

I didn't post yesterday cause nothing good happened. Dow down 210 points and PMI took it on the chin. Came back today tho and had a keybar up which if triggers could get us closer to getting out. I got into a yen trade late last night and stayed up till 3 am to manage it. I eeked out a 2 tick winner that came from a 450 buck drawdown. Not the trade of the year by far but at least it didn't hurt me. I have been trading keybars and fibwits off of the daily charts and although you have massive stops I roll to b/e as quickly as I can and follow the market accordingly. For some reason this seems to have calmed me down a little and I don't get that nervous feeling in my gut like I do when I scalp. I will try to trade more setups on the daily chart next week and see how things work out.