Bill Hider – Short Term Momentum Trader. Basic Strategy : Evening - Identify potential trades/entry points with the Daily Chart close Next day - Use the Intraday 5-Minute Chart to find precision entries/exits based on the Stock Price candlestick-patterns Trade the Option, not the stock
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1. The first major retracement begins, based on the 5-min price candlestick-pattern of the stock being traded
Note: There are well over 150 trading rules plus several dozen technical pattern rules, and a set of Option selection rules
AAPL AZO BIDU CME FSLR GOOG GS ICE MA OIH POT
For Example, my list for today (5/20/09) was:
AMZN AZO GS MA PCLN RIMM
I actually traded AMZN & AZO today. These trades follow:
Today’s Selections from Daily Chart:
My Game Plan first considers the SPX (daily).
Here’s what SPX looked like last night, 5/19/09
You can also see my pick-list in the left-hand column.
AMZN’s Daily Chart (5/19/09):
AZO’s Daily Chart (5/19/09):
GS’s Daily Chart (5/19/09):
MA’s Daily Chart (5/19/09):
PCLN’s Daily Chart (5/19/09):
RIMM’s Daily Chart (5/19/09):
AMZN Entry @ 79.44, SPX Bullish, Entry time = 9:52AM, 5/20/2009
ZQNFO, Jun 75C, 6.20 x 6.30, D = .70, BTO Fill = 6.30, 10 contracts
AZO Entry @ 163.10, SPX Bullish, Entry time = 9:53AM, 5/20/2009
AZOFK, Jun 155C, 11.70 x 12, D = .69, BTO Fill = 11.93, 8 contracts
AMZN Exit @ 80.34, SPX Doji, 10:08AM, Time in trade = 16 min
ZQNFO STC Fill = 6.9 (tsl .1 @ 7.00). Profit = $600, 9.5%, $570 Net
AZO Exits @ 163.09/163.31, SPX retraced, 10:11AM, Tr time = 18 min
AZOFK STC Fill = 12.02 & 11.82, Loss = -$15, (-$45) = $-60.00 Net
FOMC 2:15 PM decision day Special Rules:
Stay in any trades you are already in from overnight the previous night
Don’t enter any new trades before the FOMC announcement @ 2:15 PM
Then, wait until SPX 5-min chart gives you the “all clear” to do any trading
Example: AZO 3-18-09
3-18-09 AZO Entry after FOMC. SPX broke-out, retraced & broke out to 1st retracement candle. Note: took 30 minutes for SPX to settle down.
AZO @ 162.93, BTO AZOCK, Mar 150 C @ 8.28, 10 ctx*
AZO @ 163.69, STC AZOCK, Mar 150 C @ 8.815*
Profit = $535 – $30
*All trade slips from this PPT, available on request.
My 4 Most Important Rules Are Posted
In 3 Places Above my Trading Desk (really):
Any number of trades/day producing a day’s profit of $100, $200, $300, or $400, yields the annual profit listed if averaged over the approx 250 trading days/year.
No profit is too small!