Johnson's Trading Blog

I'm going to take a cue from Chris Perruna's great blog and ask you to please take a moment to subscribe to my RSS feed and / or receive my posts via email if you haven't already done so. Both are free and allow my content to come to you, instead of you having to come to it. Click on the orange icon or enter your email address in the field and click "Subscribe" to get my daily posts in your RSS reader or email inbox.






I also highly recommend Google Reader. I've been using Google's Reader for well over a year now and it allows me to fairly easily read well over 100+ market related blogs every day with very little effort. You'll also notice that I share a number of my favorite posts that I come across; these are visible to you on the right hand sidebar of my page, just underneath the Twitter updates and just above my list of favorite trading sites.

Here is a brief video I found on Google Reader for those of you who aren't as familiar with RSS or Google Reader:

MDR setup

MDR is setting up as a great buy on a breakout over 63.

SPY Divergence

The SPY is divergent on the 5 min chart and failed to close over the 21 day MA. I could see it slipping back a few points here and I'm short from 140.43

GOOG - Using multiple time frames to increase your risk / reward

GOOG today is a great example of how I like to use shorter termed time frames to enter swing trades.

By entering a trade using the 1 min bars (on the left) I'm able to cut my risk down substantially. In this case I like GOOG above 580 on the daily, as it is trying to break out of the little flag it has been forming. Entering on the 1 min gives me very little risk for what looks like it could be 600ish upside in the very near term (a few days)

GOOG 580

If GOOG can hold a break of 580 it'll have broken out of the flag and looks poised for much higher.

Trader Interview

I had the pleasure of being interviewed by Tim Borquin for the Trader Interview series last week. The interview has been posted to the site today so give it a listen and I'd love to hear your comments. I hate both the sound of my voice and how inarticulate I am at times so hopefully it isn't too painful.

Give it a listen at: Johnson's Trader Interview

LEH Short

I'm short LEH here using the inverse holy grail trade. It hasn't gotten over the 20 bar moving average on the 15 min chart (top right) since crossing below it on the 19th. I went short when it started breaking down near the average and I'll likely hold until the close.