Comments on: Microsemi - MSCC and Celestica - CLS http://www.tradersnarrative.com/microsemi-mscc-and-celestica-cls-564.html Freshly squeezed market commentary & analysis Thu, 28 Aug 2008 16:41:48 +0000 http://wordpress.org/?v=2.0.2 by: Babak http://www.tradersnarrative.com/microsemi-mscc-and-celestica-cls-564.html#comment-891 Tue, 01 Aug 2006 16:07:04 +0000 http://www.tradersnarrative.com/microsemi-mscc-and-celestica-cls-564.html#comment-891 Clive: the entry was based on a 'dummy spot'. In case you don't know what that is check out Maoxian's blog. opw: I agree, that's why I said "beyond a certain point". You have to draw the line somewhere. I haven't tried looking 'inside' by using very short term time intervals but I'll give it a whirl. Thanks for the comment. bjk: no the second candle is an inside candle, not dark cloud cover. It might be a bit difficult to see the upper wick as it coincides with the start of the day's trading and has another line delineating it. Clive: the entry was based on a ‘dummy spot’. In case you don’t know what that is check out Maoxian’s blog.

opw: I agree, that’s why I said “beyond a certain point”. You have to draw the line somewhere. I haven’t tried looking ‘inside’ by using very short term time intervals but I’ll give it a whirl. Thanks for the comment.

bjk: no the second candle is an inside candle, not dark cloud cover. It might be a bit difficult to see the upper wick as it coincides with the start of the day’s trading and has another line delineating it.

]]> by: bjk http://www.tradersnarrative.com/microsemi-mscc-and-celestica-cls-564.html#comment-843 Sat, 29 Jul 2006 15:11:31 +0000 http://www.tradersnarrative.com/microsemi-mscc-and-celestica-cls-564.html#comment-843 Isn't the second Microsemi candle dark cloud cover, and bearish? Whereas the Celestica dark candle is indecisive, ie more of a spinning top. Isn’t the second Microsemi candle dark cloud cover, and bearish? Whereas the Celestica dark candle is indecisive, ie more of a spinning top.

]]> by: opw http://www.tradersnarrative.com/microsemi-mscc-and-celestica-cls-564.html#comment-839 Sat, 29 Jul 2006 12:24:31 +0000 http://www.tradersnarrative.com/microsemi-mscc-and-celestica-cls-564.html#comment-839 You say you should not look for certainty, and you are absolutely right on that. One of the things a trader must learn is to accept losing trades. However, I find there is nothing wrong with trying to improve the odds and increasing profitability. On the contrary... to me that is what trading is about. I use my trading log for this 'futile fine tuning'. I save all the charts of past trades (several timeframes in 1 view) and if I have an idea I go back over my trades and see if it would improve the endresult. Usually it doesn't, but sometimes it does. I then incorporate it in my routine... On these 'dummy'setups I started to look to the 1 min chart, to see "what's inside" so to speak. I look for bullish patterns. So, at triggertime the MSCC 1 min chart to me looks more bearish then the CLS chart. The one showing a base near the upper half of the last down move (CLS), the other (MSCC) showing a base near the lower half of the last downmove. The choice would not be hard... I think. Does this guarantee the outcome? Nop... afraid not, but judging by the results in my trading diary, it improves my end result. PS love your clean charts, they look a lot like those of the chairman :) You say you should not look for certainty, and you are absolutely right on that. One of the things a trader must learn is to accept losing trades. However, I find there is nothing wrong with trying to improve the odds and increasing profitability. On the contrary… to me that is what trading is about.

I use my trading log for this ‘futile fine tuning’. I save all the charts of past trades (several timeframes in 1 view) and if I have an idea I go back over my trades and see if it would improve the endresult. Usually it doesn’t, but sometimes it does. I then incorporate it in my routine…

On these ‘dummy’setups I started to look to the 1 min chart, to see “what’s inside” so to speak. I look for bullish patterns.

So, at triggertime the MSCC 1 min chart to me looks more bearish then the CLS chart. The one showing a base near the
upper half of the last down move (CLS), the other (MSCC) showing a base near the lower half of the last downmove.

The choice would not be hard… I think.
Does this guarantee the outcome? Nop… afraid not, but judging by the results in my trading diary, it improves my end result.

PS love your clean charts, they look a lot like those of the chairman :)

]]> by: Clive J http://www.tradersnarrative.com/microsemi-mscc-and-celestica-cls-564.html#comment-836 Sat, 29 Jul 2006 09:41:08 +0000 http://www.tradersnarrative.com/microsemi-mscc-and-celestica-cls-564.html#comment-836 Hi Babak, Great blog & interesting question you pose. I didn't see either stock at the time, but my take on it (albeit with hindsight)is v simple - CLS a clear buy on break of 5th bar high, nice wedge higher lows all the way and v tight stop. The market was also going well at this time. MSCC bars 2-4 show support above 50% of 1st bar high BUT the negatives are lower lows and longer tails. I would look to go long, but need to see a bullish upbar - preferably a hammer around the support before going in, the upbar/hammer low providing the stop, and the initial target being the HOD. I'm no expert but I don't see why I would want to go long on the close of bar 3 or 4?!? Have a good weekend, Clive J Hi Babak,

Great blog & interesting question you pose.

I didn’t see either stock at the time, but my take on it (albeit with hindsight)is v simple -

CLS a clear buy on break of 5th bar high, nice wedge higher lows all the way and v tight stop. The market was also going well at this time.

MSCC bars 2-4 show support above 50% of 1st bar high BUT the negatives are lower lows and longer tails. I would look to go long, but need to see a bullish upbar - preferably a hammer around the support before going in, the upbar/hammer low providing the stop, and the initial target being the HOD.

I’m no expert but I don’t see why I would want to go long on the close of bar 3 or 4?!?

Have a good weekend,

Clive J

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