Comments on: Fallout from Big Bank Legislation May Help Small Banks http://blog.afraidtotrade.com/fallout-from-big-bank-legislation-may-help-small-banks/ Helping traders overcome fears and emotions in trading Thu, 09 Sep 2010 15:56:07 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Top Ten SP500 Leaders and Laggards on January 21 | Penny Stock Trading System Blog http://blog.afraidtotrade.com/fallout-from-big-bank-legislation-may-help-small-banks/comment-page-1/#comment-211937 Top Ten SP500 Leaders and Laggards on January 21 | Penny Stock Trading System Blog Sat, 23 Jan 2010 03:01:02 +0000 http://blog.afraidtotrade.com/?p=5397#comment-211937 [...] “Fallout from Big Bank Legislation May Help Small Banks.” [...] [...] “Fallout from Big Bank Legislation May Help Small Banks.” [...]

]]> By: ibiza2000 http://blog.afraidtotrade.com/fallout-from-big-bank-legislation-may-help-small-banks/comment-page-1/#comment-212865 ibiza2000 Fri, 22 Jan 2010 02:16:08 +0000 http://blog.afraidtotrade.com/?p=5397#comment-212865 In hindsight maybe I should have waited for it to break back above the 50 again before entering. I'm always so impulsive. I think I was right to be looking for it to hold the 20 on a pullback, but was too quick to jump in.<br><br>However, I noticed there was a momentum divergence and a slight $tick divergence on the 1pm low, and after that it never could break below -500 on tick, then spiked to 1000 on the break of the 50ema. There was also a Wyckoff sign of strength on momentum and $tick on that high at 2:30. So at that point I was expecting a pullback to the 20ema and then a rounded reversal move. Of course it's always a risk going long the market when ADD is -1500 but it seemed like a decent play. I always analyze my losing trades to see if I did something stupid or not. What do you think? Was my only mistake the early entry (not waiting for price to re-break the 50ema) or should I have not even taken the trade at all! In hindsight maybe I should have waited for it to break back above the 50 again before entering. I'm always so impulsive. I think I was right to be looking for it to hold the 20 on a pullback, but was too quick to jump in.

However, I noticed there was a momentum divergence and a slight $tick divergence on the 1pm low, and after that it never could break below -500 on tick, then spiked to 1000 on the break of the 50ema. There was also a Wyckoff sign of strength on momentum and $tick on that high at 2:30. So at that point I was expecting a pullback to the 20ema and then a rounded reversal move. Of course it's always a risk going long the market when ADD is -1500 but it seemed like a decent play. I always analyze my losing trades to see if I did something stupid or not. What do you think? Was my only mistake the early entry (not waiting for price to re-break the 50ema) or should I have not even taken the trade at all!

]]> By: ibiza2000 http://blog.afraidtotrade.com/fallout-from-big-bank-legislation-may-help-small-banks/comment-page-1/#comment-212864 ibiza2000 Fri, 22 Jan 2010 01:54:42 +0000 http://blog.afraidtotrade.com/?p=5397#comment-212864 I thought we might have another rounded reversal today when price broke the 50. But no such luck! Dangit!<br><br>On the pullback it appeared to be holding at the 20ema so I entered there. As soon as it the 20 broke I exited for a loss. I'm always nervous trying to play for rounded reversals, but yesterday's was so beautifully perfect I couldn't resist going for it again.<br><br>I did catch the short off the 20ema earlier in the day - so at least I got that one right! I thought we might have another rounded reversal today when price broke the 50. But no such luck! Dangit!

On the pullback it appeared to be holding at the 20ema so I entered there. As soon as it the 20 broke I exited for a loss. I'm always nervous trying to play for rounded reversals, but yesterday's was so beautifully perfect I couldn't resist going for it again.

I did catch the short off the 20ema earlier in the day – so at least I got that one right!

]]> By: Top Ten SP500 Leaders and Laggards on January 21 | Afraid to Trade.com Blog http://blog.afraidtotrade.com/fallout-from-big-bank-legislation-may-help-small-banks/comment-page-1/#comment-211926 Top Ten SP500 Leaders and Laggards on January 21 | Afraid to Trade.com Blog Thu, 21 Jan 2010 21:36:15 +0000 http://blog.afraidtotrade.com/?p=5397#comment-211926 [...] “Fallout from Big Bank Legislation May Help Small Banks.” [...] [...] “Fallout from Big Bank Legislation May Help Small Banks.” [...]

]]> By: ibiza2000 http://blog.afraidtotrade.com/fallout-from-big-bank-legislation-may-help-small-banks/comment-page-1/#comment-211925 ibiza2000 Thu, 21 Jan 2010 20:16:08 +0000 http://blog.afraidtotrade.com/?p=5397#comment-211925 In hindsight maybe I should have waited for it to break back above the 50 again before entering. I'm always so impulsive. I think I was right to be looking for it to hold the 20 on a pullback, but was too quick to jump in.<br><br>However, I noticed there was a momentum divergence and a slight $tick divergence on the 1pm low, and after that it never could break below -500 on tick, then spiked to 1000 on the break of the 50ema. There was also a Wyckoff sign of strength on momentum and $tick on that high at 2:30. So at that point I was expecting a pullback to the 20ema and then a rounded reversal move. Of course it's always a risk going long the market when ADD is -1500 but it seemed like a decent play. I always analyze my losing trades to see if I did something stupid or not. What do you think? Was my only mistake the early entry (not waiting for price to re-break the 50ema) or should I have not even taken the trade at all! In hindsight maybe I should have waited for it to break back above the 50 again before entering. I'm always so impulsive. I think I was right to be looking for it to hold the 20 on a pullback, but was too quick to jump in.

However, I noticed there was a momentum divergence and a slight $tick divergence on the 1pm low, and after that it never could break below -500 on tick, then spiked to 1000 on the break of the 50ema. There was also a Wyckoff sign of strength on momentum and $tick on that high at 2:30. So at that point I was expecting a pullback to the 20ema and then a rounded reversal move. Of course it's always a risk going long the market when ADD is -1500 but it seemed like a decent play. I always analyze my losing trades to see if I did something stupid or not. What do you think? Was my only mistake the early entry (not waiting for price to re-break the 50ema) or should I have not even taken the trade at all!

]]> By: ibiza2000 http://blog.afraidtotrade.com/fallout-from-big-bank-legislation-may-help-small-banks/comment-page-1/#comment-211924 ibiza2000 Thu, 21 Jan 2010 19:54:42 +0000 http://blog.afraidtotrade.com/?p=5397#comment-211924 I thought we might have another rounded reversal today when price broke the 50. But no such luck! Dangit!<br><br>On the pullback it appeared to be holding at the 20ema so I entered there. As soon as it the 20 broke I exited for a loss. I'm always nervous trying to play for rounded reversals, but yesterday's was so beautifully perfect I couldn't resist going for it again.<br><br>I did catch the short off the 20ema earlier in the day - so at least I got that one right! I thought we might have another rounded reversal today when price broke the 50. But no such luck! Dangit!

On the pullback it appeared to be holding at the 20ema so I entered there. As soon as it the 20 broke I exited for a loss. I'm always nervous trying to play for rounded reversals, but yesterday's was so beautifully perfect I couldn't resist going for it again.

I did catch the short off the 20ema earlier in the day – so at least I got that one right!

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