Past Favorite Trades

Some of my Favorite Trades

Note from The PitMaster:

This page is to show you some of my favorite trades, and how they were implemented. I also plan on showing you some mistakes too, and why I believe they went haywire. Watch this page, as I continue to work on it to show you other favorite trades.

The PitMaster

My trades are all done using Gecko-Charts!

In March of 1999, I caught this little 1-2-3 formation in June Gasoline. I published on my web site that this was a historic low, and recommended people start looking at options at this point, but I picked up on this little 1-2-3 formation and followed it all the way up to 52.37.

I was expecting a retracement back to around the 50% level of 45.39, but as you can see, as gas prices rose, you paid more at the pump, and I collected more at the market.

Thanks to OPEC, their little raid on the American people pocketed me over $4,500.00 on this trade alone. Nothing feels better than turning something negative (high gas prices at the pump) into something positive (a tidy little profit in the market).

This is one or my favorite trades, because it occurred out of a wedge formation, my wife calls them wedgies. I like wedgies, because the drop out is usually very dramatic; as you can see in this example. The only mistake I made on this contract, is that I did not continue to add contracts as I made more money. I kept only one contract. The reason I did that is because this is OJ, and it is very volatile, very low volume as you can see. Also, notice the Stochastics, see how they were high, at the peak of the triangle, then dropped all the way down to zero. Nice indicator, I like Stochastics.

This is a great example of a head and shoulders trade. This was a good trade because it shows the use of several different chart formations within one trade. See how I use the narrow sideways channel to determine my stop loss and my re-entry points. Remember, it's all in the charts.