Hban - Trading-Lab

Soverus Khan · #1 05-28-2008, 01:29 AM

HBAN 27 May 08.png

Easy to calculate r/r and targets with this one. Short term trade.

Soverus Khan · #2 05-29-2008, 12:18 PM

divergence and descending triangle.

Soverus Khan · #3 05-29-2008, 12:54 PM

HBAN close 28 May 08.png

Couple notes:

left purple bar is range of pattern. right purple bar is 70% of range.

Breakout is confirmation of 9.60.

TGT is $1.05 ($10.65)
STOP is lower trendline ($8.90)
note divergences of rsi and macd-h

r/r is only 1.5:1, but this play does offer some ability to scale in and trail as needed. Beat down sector to say the least. This requires daily news awareness.

note res at 9.64

downside breakout needs to be watched as well. This could produce substantial momentum if support is broken and beneath that is open air.

Let's see how she does.

Soverus Khan · #4 06-11-2008, 12:49 PM

Catching up on some postings. As "suspected", this had the potential for a big move south. Will add to the short if it hits $7.70 on low vol.

Shaky markets for swings, but this showed high probability for a few days swing.

I hate swings in this type of chop though!!!!

Will expect to leave several Bennies on the table with this one...we'll see.

Soverus Khan · #5 06-13-2008, 12:10 PM

Added at 6.90 Thursday when it broke Wednesday's close. I worried about positive "financials" news and a rebound through the chart pattern, but it never materialized. Stop at 7.20 as I have no bearing on how far this will plunge.

Any comments on the bottom of this???

kerahc · #6 06-18-2008, 03:14 AM

You've made some excellent calls lately. I doubt this would have come up on my radar if not for this post, it triggered a short entry for me on June 2nd. The momentum has been down strong since then. The safe trade is to exit as soon as that changes direction.

Soverus Khan · #7 06-18-2008, 12:10 PM

Thanks Kerahc. I try to contribute when I can. Sorry I have not put the effort into posting the mechanics of this trade as I have done with others, but I've been "overcome by events" and my posting time has been crackberry or very limited on the laptop.

The divergence on this one (HBAN) made it a head scratcher....especially in light of the sector. Government news releases or "injections" made the r/r hard to plot. The dec trngl screamed short on a break, but a false break was likely considering the divergence. In hindsight, I would have liked to have added additional shares earlier as opposed to waiting for a quick bounce.

I took a beating on a 2 day hold of AAPL....I know better, but such is trading.

Soverus Khan · #8 06-18-2008, 03:13 PM

closed at 5.49 on the break of intra resistance. Left some on the table.

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#1 05-28-2008, 01:29 AM
Soverus Khan Senior Member Join Date: Dec 2007 Posts: 306	Hban HBAN 27 May 08.png Easy to calculate r/r and targets with this one. Short term trade.

#2 05-29-2008, 12:18 PM
Soverus Khan Senior Member Join Date: Dec 2007 Posts: 306	divergence and descending triangle.

#3 05-29-2008, 12:54 PM
Soverus Khan Senior Member Join Date: Dec 2007 Posts: 306	HBAN close 28 May 08.png Couple notes: left purple bar is range of pattern. right purple bar is 70% of range. Breakout is confirmation of 9.60. TGT is $1.05 ($10.65) STOP is lower trendline ($8.90) note divergences of rsi and macd-h r/r is only 1.5:1, but this play does offer some ability to scale in and trail as needed. Beat down sector to say the least. This requires daily news awareness. note res at 9.64 downside breakout needs to be watched as well. This could produce substantial momentum if support is broken and beneath that is open air. Let's see how she does.

#4 06-11-2008, 12:49 PM
Soverus Khan Senior Member Join Date: Dec 2007 Posts: 306	Catching up on some postings. As "suspected", this had the potential for a big move south. Will add to the short if it hits $7.70 on low vol. Shaky markets for swings, but this showed high probability for a few days swing. I hate swings in this type of chop though!!!! Will expect to leave several Bennies on the table with this one...we'll see.

#5 06-13-2008, 12:10 PM
Soverus Khan Senior Member Join Date: Dec 2007 Posts: 306	Added at 6.90 Thursday when it broke Wednesday's close. I worried about positive "financials" news and a rebound through the chart pattern, but it never materialized. Stop at 7.20 as I have no bearing on how far this will plunge. Any comments on the bottom of this???

#6 06-18-2008, 03:14 AM
kerahc Member Join Date: Jan 2008 Location: Cincinnati Posts: 46	You've made some excellent calls lately. I doubt this would have come up on my radar if not for this post, it triggered a short entry for me on June 2nd. The momentum has been down strong since then. The safe trade is to exit as soon as that changes direction. Last edited by kerahc : 06-18-2008 at 03:17 AM.

#7 06-18-2008, 12:10 PM
Soverus Khan Senior Member Join Date: Dec 2007 Posts: 306	Thanks Kerahc. I try to contribute when I can. Sorry I have not put the effort into posting the mechanics of this trade as I have done with others, but I've been "overcome by events" and my posting time has been crackberry or very limited on the laptop. The divergence on this one (HBAN) made it a head scratcher....especially in light of the sector. Government news releases or "injections" made the r/r hard to plot. The dec trngl screamed short on a break, but a false break was likely considering the divergence. In hindsight, I would have liked to have added additional shares earlier as opposed to waiting for a quick bounce. I took a beating on a 2 day hold of AAPL....I know better, but such is trading.

#8 06-18-2008, 03:13 PM
Soverus Khan Senior Member Join Date: Dec 2007 Posts: 306	closed at 5.49 on the break of intra resistance. Left some on the table.