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Daytrading with Consensus

Started by Ares, February 08, 2007, 08:37:46 AM

Previous topic - Next topic

Which is better

Using a stop loss
2 (100%)
Using a hedge
0 (0%)

Total Members Voted: 2

Ares

#405
This is my most recent morning momentum criteria:

Active in premarket

Volume at least 100,000 (for liquidity)

5 minute higher high (signal)

1 minute pullback

Time my entry using level 2 set up with time and sales momentum.

Bid refreshing (may bid with or 1 cent above the refresher as selling slows
down before the 5 minute signal if there lots of selling at the open that ends with a momentum low[selling volume capitulation]on the 1 minute chart.

Lots of green at time and sales (better if blocks are eagerly coming in)
(May buy at ask and join in with the buying momentum - waiting at the bid during this time may just end up having partial fills)

note:

Better if there's a good range (+ or - 2.5% from the open or at least a 25 cent trading range)

After the first 15 minutes of the open, I watch for market direction (If price breaks above or below the 15 minute opening range with volume).
Go in with upside momentum or wait for stock to tank and buy close to support.

Ares

I'm thankful for all the help that I got and learned from more experienced traders and from the creators of 3SOF - David and Frederick.

In my search for a quick gauge of support and resistance, I ended up creating a table with fibonacci numbers on excel.

If someone already came up with this idea, then it is old news.

If not, then 3SOF members are seeing the development in progress.

I may need your help in marketing this. ;) ;D

Looking forward to your comments.

I used today's high and low of DNDN to gauge potential support and resistance if I were to trade this tommorow.

These levels are not guarantees but expectations that would likely have more meaning when combined with indicators and patterns on the chart.

Here is my latest modification:



Go in with upside momentum or wait for stock to tank and buy close to support.

Ares

If price is king and volume doesn't lie...

Attached is a chart (price) set up i'm interested in.
This set up combined with Gaussians (volume) would be nice too see.

I'm planning on drawing another variation with more labels in it.

If you find one - please let me know.

Ideas, ideas.
For techies, this would be an idea to create a software to search for this kind of set up.

If there's a search feature that scans for this set up already, please let me know too. :)
Go in with upside momentum or wait for stock to tank and buy close to support.

Ares

Go in with upside momentum or wait for stock to tank and buy close to support.

Ares

Goal:
To gather and combine strategies of professional and experienced traders and trade WITH them.

Reasoning:
If I trade with the pros strategies, who would go against it?
One group in mind are uneducated gamblers
Another group are traders that haven't mastered the discipline of controlling their emotions and following their trading plan.
Any more suggestions?

What I have to keep in mind:
Everytime that I go against my trading plan - I become part of the second group.

Extra eyes:
Needed to help each other and to remind the diligent to stay on track.

This is what I'm currently  looking for, what's yours?

Recent unusual rise in price and volume on the daily chart or
Active in the premarket
Stock below $10
Volume+ with Price+
Watching for block trades on the green ( extra eyes needed because I wouldn't be able to see all the time and sales prints of the many stocks under the radar in that valuable 5 to 15 minutes from the open)
Trades at least 2.5% above the open (revised Josh Lukeman's 25 cents above the open to cater stocks below $10 for range)
Volume at least 100,000 (for liquidity)
Volume- with Price- on pullback
Watching for a refreshing bid on pullback
Watching for Elliot wave's c move near the 0.618 Fibonacci retracement
which would anticipate the point 3 move.
Bid with or 1 cent above the refresher while time and sales is slow
If the sentiment changes, I may force in and buy at the ask.

If the initial entry fails to hold I will exit my position (depending on the stocks price), I will be watching for a stock to tank near the 1.618,2.618,3.618 retracement with a selling volume capitulation.

Indicators that I like to follow:

Daily RSI(2)
Daily golden cross (preferably but not critical)
Weekly 8 ema narrowed down to the 1 minute 8 ema.
5 minute positive MACD divergence near zero
1 minute stochastics near oversold
nice level 2 set up
Market maker actions (watching if it jives with the prints) - this is where I need a lot of eyes too.
Time and sales printing lots of green (better if there's a lot of green blocks taking out the highs of a tight bollinger band)

Risk/reward ratio

Stocks below $5 is 10 cents loss with at least a 25 cent reward target.

Stocks between $5 and $10 is 20 cents loss with at least a 50 cent reward target.

If the stock goes against me or if someone else (extra eyes needed) sends out an alert that makes sense, I may get out before the reward target at a small profit or hopefully (that word) at a small loss.

Regarding stop loss:
I will be using a mental stop to avoid getting shaken out automatically.

Will be updating this criteria as new information comes in.

Looking forward to what you are looking for or to any helpful comments.


Go in with upside momentum or wait for stock to tank and buy close to support.

Stocky2000

hi ares

currently i am using ameritrade. I pay 9.99 courtage....now i found a broker that wants just 1-3 dollar....i think this could be a good one it s name is www.sogoinvest.com.

other good daytrading sites:

www.greatstockpix.com (pay-service)
www.daytrading.li (free)

cheers ket

Ares

Thanks ket1390.

I give you an applaud for that.
Strength is in numbers.
If enough people likes a certain criteria...
it may become a self-fulling prophecy.

Keep in touch.

Ares
Go in with upside momentum or wait for stock to tank and buy close to support.

Ares

Strategy: Intraday bottom fishing a long term uptrend (above the weekly 8ma)

I'm currently watching HOKU.
Weekly 8ma that I wrote down is 8.80
Daily support I'm looking at is 8.88
Intraday support I'm looking at is:
9.06
8.51
7.96
7.41
6.86
Go in with upside momentum or wait for stock to tank and buy close to support.

Ares

Correction:
HOKU's weekly 8ma is 8.60
Go in with upside momentum or wait for stock to tank and buy close to support.

bmarc4211

If you call Ameritrade and request a fee reduction they will lower it to $7 per trade if you make over xxxx amount of trades in xxx months.  I can't remember what their exact requirement is but with a simple call and a hint of switching providers I  now have $7 trades on both primary and 401k accounts.  Well worth the call.

Ares

Thanks bmarc4211 for your input.
I give you an applaud for that.
Go in with upside momentum or wait for stock to tank and buy close to support.

Ares

Re: day alert (LEND) long at 5.03


Hi gdola28,

It's nice to see that you cut and paste the "building" I had created
for LEND (this building would be old info now though).

I just would like to clarify that I'm not the one who is recommending
a short on LEND (because that's how it looks to me).

LEND may be a short at 8.50 though ( if there's not enough volume to
break that resistance or a buying volume capitulation shows up on the
smaller charts).

--- In [email protected], "gdola28" <gdola28@...> wrote:
>
> --- In [email protected], "jegejig" <jegejig@> wrote:
> >
> > Short this on any pop up above 5 or 6 and you'll be
rewarded..This
> along with NFI are going the way of THE PINK SHEETS.
> >
> > Building
> >
> > 8.50
> > 7.83
> > 6.74
> > 6.22 (1.27 extension - ideal profit target from the 1.618
> retracement
> > of the 5 minute opening range)
> > 6.17(PIVOT)
> > 5.71(0.618 extention of the 1.618 retracement from the 5 minute
> > opening range - 50 cent profit target)
> > 5.65
> > 5.22
> > 4.43
> > 3.90
> > 3.64
> > 2.65
> >
> > --- In [email protected], "jegejig" <jegejig@> wrote:
> > >
> > > Please do your own DD.
> > >
> >
>


Previous post(before the one above)

Re: EXIT (LEND)



I got out of LEND at 6.99 because I had to leave the computer already
for family activities. I wanted to stay in the trade because the 1
minute chart recently showed a breakout from a tight bollinger band on
volume, and pulled back on low volume. When I came back, I saw LEND hit
8.09. Oh well, next time.

Here's a copy of my conversation with bballboiy101.

Jege gig (8/3/2007 8:34:11 AM): HI bb
John Tiliacos (8/3/2007 8:34:16 AM): btw
John Tiliacos (8/3/2007 8:34:18 AM): for future reference
John Tiliacos (8/3/2007 8:34:21 AM): dd means what?
Jege gig (8/3/2007 8:35:08 AM): I just pulled out a chart of RIG and
will be annotating it at stockcharts. DD means due diligence.
John Tiliacos (8/3/2007 8:35:16 AM): i figured
John Tiliacos (8/3/2007 8:35:19 AM): just making sure
Jege gig (8/3/2007 8:36:26 AM): Current support that I see is 102.38
for the daily zigzag and 100.58 for the 50% fibonbacci retracement.
John Tiliacos (8/3/2007 8:36:50 AM): gotcha, im new to the technical
analysis of stocks
John Tiliacos (8/3/2007 8:36:54 AM): im 19 years old
Jege gig (8/3/2007 8:37:19 AM): RSI(2) is oversold with slow
stochastics oversold too.
John Tiliacos (8/3/2007 8:37:30 AM): I know its oversold
John Tiliacos (8/3/2007 8:37:35 AM): its had 9 straight down days
Jege gig (8/3/2007 8:37:39 AM): when did you start trading?
John Tiliacos (8/3/2007 8:37:44 AM): a year and a half ago
Jege gig (8/3/2007 8:38:06 AM): are on paper or are you using real
money now?
John Tiliacos (8/3/2007 8:38:11 AM): real money
John Tiliacos (8/3/2007 8:38:28 AM): past two weeks before rig i was
doing really well then i got clobbered with this
Jege gig (8/3/2007 8:38:28 AM): have you done any paper trading at all?
John Tiliacos (8/3/2007 8:38:35 AM): i have in the past
John Tiliacos (8/3/2007 8:38:46 AM): i was testing option strategies
Jege gig (8/3/2007 8:39:04 AM): how much weight do you put on technical
analysis?
John Tiliacos (8/3/2007 8:39:16 AM): unfortunately not as much as i
should
John Tiliacos (8/3/2007 8:39:35 AM): and thats something i really need
to look into more
John Tiliacos (8/3/2007 8:40:00 AM): b/c ill find companies with great
fundamentals, but ill get stuck with the technical analysis of some
stocks and end up losing because of it
Jege gig (8/3/2007 8:40:20 AM): I'm back to doing more paper trades
compared to playing with real money because of the emotion factor.
John Tiliacos (8/3/2007 8:40:30 AM): yeah
John Tiliacos (8/3/2007 8:40:38 AM): there is defintely a factor with
that
John Tiliacos (8/3/2007 8:40:44 AM): im up about 35% for the yar
John Tiliacos (8/3/2007 8:40:46 AM): year*
John Tiliacos (8/3/2007 8:40:53 AM): including this RIG loss
John Tiliacos (8/3/2007 8:41:05 AM): i've had great trades
John Tiliacos (8/3/2007 8:41:14 AM): ill just get stuck with something
like this every so often
Jege gig (8/3/2007 8:42:03 AM): Nice. I have two journals - one at 3
stocks on fire and another at elite trader.
Jege gig (8/3/2007 8:42:47 AM): My journals would show you my emotional
swings
John Tiliacos (8/3/2007 8:42:53 AM): haha
John Tiliacos (8/3/2007 8:43:01 AM): i watched your LEND trade
John Tiliacos (8/3/2007 8:43:04 AM): great trade
Jege gig (8/3/2007 8:43:13 AM): Do you have real time info?
John Tiliacos (8/3/2007 8:43:16 AM): yes
Jege gig (8/3/2007 8:44:30 AM): I probably fluked out on lend. I logged
my minute per minute event at my elite trader journal.
John Tiliacos (8/3/2007 8:45:20 AM): oh ok
John Tiliacos (8/3/2007 8:45:26 AM): do you not have real time info?
Jege gig (8/3/2007 8:46:16 AM): RIG seemed to have bounced nicely near
the 102.51 so far. Yes. I do.
John Tiliacos (8/3/2007 8:46:41 AM): oh ok
John Tiliacos (8/3/2007 8:46:43 AM): see
John Tiliacos (8/3/2007 8:46:50 AM): NOV has the same action i believe
John Tiliacos (8/3/2007 8:47:04 AM): i believe the sector of oil srvs
is all in the same situation
John Tiliacos (8/3/2007 8:47:06 AM): NO
John Tiliacos (8/3/2007 8:47:07 AM): RIG
John Tiliacos (8/3/2007 8:47:09 AM): NOV*
John Tiliacos (8/3/2007 8:47:10 AM): DO
John Tiliacos (8/3/2007 8:47:11 AM): SLB
John Tiliacos (8/3/2007 8:48:27 AM): btw, I'm stuck with November 110
Calls on RIG, think I hold onto them or do I buy more contracts?
Jege gig (8/3/2007 8:48:42 AM): 5 minute MACDstarting to show a higher
high
Jege gig (8/3/2007 8:49:33 AM): I haven't done options for real. I'm
still mastering the equities portion of the stock market.
John Tiliacos (8/3/2007 8:49:48 AM): oh ok
Jege gig (8/3/2007 8:49:54 AM): As much as possible, I don't like to
hold overnight.
John Tiliacos (8/3/2007 8:50:12 AM): yeah.
John Tiliacos (8/3/2007 8:50:59 AM): well
John Tiliacos (8/3/2007 8:51:11 AM): my friend gave me these cds
John Tiliacos (8/3/2007 8:51:16 AM): from options university
John Tiliacos (8/3/2007 8:51:20 AM): and ive started them
John Tiliacos (8/3/2007 8:51:23 AM): and they are great so far
John Tiliacos (8/3/2007 8:51:32 AM): it's helped me understand options
so much more
John Tiliacos (8/3/2007 8:51:47 AM): but I'm not even close to done
with that
Jege gig (8/3/2007 8:52:48 AM): I wonder if RIG has already created a
double bottom pattern. I'm still wating for a Big selling volume on the
5 minute chart and confirmed by the 1 minute chart for my entry.
John Tiliacos (8/3/2007 8:53:14 AM): as you can see its hanging aroun
that support level u mentioned
Jege gig (8/3/2007 8:54:47 AM): It could go either way now. It may
break the upper downtrend channel line or tank to shakeout traders.
John Tiliacos (8/3/2007 8:55:31 AM): we will wait i guess to see the
next move
John Tiliacos (8/3/2007 8:55:37 AM): looks flat now
John Tiliacos (8/3/2007 8:56:02 AM): any other stocks you looking for
an entry into?
Jege gig (8/3/2007 8:57:18 AM): no. I just calculated the fibonacci
retracements for support levels based on the 5 minute opening range
right now. My buy target is 104.26
Jege gig (8/3/2007 8:57:43 AM): sorry, that doesn't look right
John Tiliacos (8/3/2007 8:58:09 AM): 104.26?
Jege gig (8/3/2007 8:58:49 AM): that was the 1.618 retracement. that
should be one of the resistnces now.
John Tiliacos (8/3/2007 8:59:30 AM): so breakout if it goes about
104.26 correct?
Jege gig (8/3/2007 9:01:17 AM): These are the levels that I see using
the 5 minute opening range:101.92,101.14 but then I also have to
consider the previous day's candle and the daily swings retracements.
Jege gig (8/3/2007 9:02:34 AM): breakout from that level. yes. however,
support and resistances are all over the place - it just depends on the
timeframe you're looking at.
John Tiliacos (8/3/2007 9:03:20 AM): i gotcha
Jege gig (8/3/2007 9:03:54 AM): I try to look for clusters/confluences
to get better/stronger supoort/resistances confirmed by the smaller
charts price action and volume (5 minute + the 1 minute chart)
John Tiliacos (8/3/2007 9:04:10 AM): oh ok
John Tiliacos (8/3/2007 9:04:21 AM): well you must really know your
stuff obviously
John Tiliacos (8/3/2007 9:04:31 AM): im sure it took you awhile to
learn a lot of this
John Tiliacos (8/3/2007 9:04:41 AM): how long have you been trading?
Jege gig (8/3/2007 9:05:50 AM): about 4 years. The problem is I don't
have much capital to play with. While saving for capital. I try to
educate myself as much as possible and spend as much screen time as
possible.
John Tiliacos (8/3/2007 9:06:05 AM): i gotcah
John Tiliacos (8/3/2007 9:06:13 AM): i don't have that much capital
myself
John Tiliacos (8/3/2007 9:06:25 AM): but I still like to trade
John Tiliacos (8/3/2007 9:09:38 AM): so you use stockcharts.com?
John Tiliacos (8/3/2007 9:11:04 AM): or what do you use to show find
your technical indicators?
Jege gig (8/3/2007 9:11:56 AM): Yes. I'm in the process of creating my
building that I will be posting at the bull team and will try to finish
annoting the chart for ohter members to see what I see. I may not be
able to answer you right away.
John Tiliacos (8/3/2007 9:13:15 AM): its cool, do what you are doing
man. btw, RIG just fell. It looks like its become week now at 102.25
John Tiliacos (8/3/2007 9:13:25 AM): weak*
Jege gig (8/3/2007 9:34:51 AM): Look at LEND
John Tiliacos (8/3/2007 9:34:58 AM): ok
John Tiliacos (8/3/2007 9:35:07 AM): oh its up
Jege gig (8/3/2007 9:35:51 AM): MACD crossing the zero line on the 5
minute chart with lots of green coming in at the time and sales
John Tiliacos (8/3/2007 9:36:09 AM): so buy lend/
Jege gig (8/3/2007 9:37:02 AM): Tempted. but I've got burnt so many
times when it stalled.
Jege gig (8/3/2007 9:39:42 AM): For a momentum trade, I'm watching the
1 minute pullback right now to about 6.15. If 6.15 holds this should go
up. Nicer if 1 minute stochastics gets oversold near 6.15 and creates a
higher high with increasing volume.
John Tiliacos (8/3/2007 9:40:22 AM): went to 6.16
John Tiliacos (8/3/2007 9:40:27 AM): then just bumped
Jege gig (8/3/2007 9:40:52 AM): 1 minute stochstics currently at 50
Jege gig (8/3/2007 9:41:06 AM): watching for an elliot wave abc
John Tiliacos (8/3/2007 9:41:35 AM): let me know when you wanna pull
the trigger, cause i think i might do this trade with you and take the
sidelines on one contract for RIG to play LEND
Jege gig (8/3/2007 9:42:54 AM): 0.618 of the recent 1 minute move is
6.15 (what a coincidence)
John Tiliacos (8/3/2007 9:43:10 AM): so what now
John Tiliacos (8/3/2007 9:43:12 AM): its going higher
John Tiliacos (8/3/2007 9:43:13 AM): way higher
John Tiliacos (8/3/2007 9:43:26 AM): do we wait now
Jege gig (8/3/2007 9:44:24 AM): This is where the problem comes in -
the emotion of fear, hope and greed.
John Tiliacos (8/3/2007 9:45:05 AM): yeah
John Tiliacos (8/3/2007 9:45:06 AM): i know this
John Tiliacos (8/3/2007 9:45:08 AM): ive been thru this
John Tiliacos (8/3/2007 9:45:14 AM): but its coming down as you can see
John Tiliacos (8/3/2007 9:45:43 AM): not by enough though
Jege gig (8/3/2007 9:45:52 AM): I want to wait for the 1 minute
stochastics to go near zero but mfearing that we may get left out) try
to have a little more patience. It looks like the 1 minute is pulling
back for the c move.
John Tiliacos (8/3/2007 9:46:05 AM): ok
John Tiliacos (8/3/2007 9:46:15 AM): im trying to execute one of my
options right now
John Tiliacos (8/3/2007 9:46:20 AM): but i gotta get the right price
John Tiliacos (8/3/2007 9:46:28 AM): with RIG tanking still its not
helping
John Tiliacos (8/3/2007 9:46:28 AM): haha
Jege gig (8/3/2007 9:48:01 AM): LEND' 5 minute MACD is really starting
to open up above zero. So tempting to pull the trigger
John Tiliacos (8/3/2007 9:48:27 AM): wow
John Tiliacos (8/3/2007 9:48:42 AM): it is the right move....... it
looks like its going higher...
John Tiliacos (8/3/2007 9:48:45 AM): yeah
John Tiliacos (8/3/2007 9:48:46 AM): def
Jege gig (8/3/2007 9:48:47 AM): I'm in at 6.30
John Tiliacos (8/3/2007 9:48:49 AM): wow
John Tiliacos (8/3/2007 9:48:50 AM): nice
John Tiliacos (8/3/2007 9:48:57 AM): oh wow
John Tiliacos (8/3/2007 9:49:03 AM): perfect
John Tiliacos (8/3/2007 9:50:23 AM): i believe you got the best price
John Tiliacos (8/3/2007 9:50:31 AM): for the time
Jege gig (8/3/2007 9:50:38 AM):
John Tiliacos (8/3/2007 9:50:51 AM): 6.41
John Tiliacos (8/3/2007 9:50:54 AM): lucky dog
John Tiliacos (8/3/2007 9:51:02 AM): 6.45
John Tiliacos (8/3/2007 9:51:18 AM): 6.48 geez
John Tiliacos (8/3/2007 9:51:43 AM): you know ur stuff
Jege gig (8/3/2007 9:51:57 AM): I have to take a look at my targets.
what is your target?
John Tiliacos (8/3/2007 9:52:24 AM): id get out at 6.55
John Tiliacos (8/3/2007 9:52:41 AM): but i might be technically wrong
about it
John Tiliacos (8/3/2007 9:53:52 AM): its creeping down now
Jege gig (8/3/2007 9:54:23 AM): I have 6.59 and 6.72 for my short term
target
John Tiliacos (8/3/2007 9:54:56 AM): this rig is making me sick
Jege gig (8/3/2007 9:56:14 AM): 6.75 would be my minimum profit target
with the 20 cent risk/50 cent reward money management. This trade
currently doesn't meet that minimum.
Jege gig (8/3/2007 9:56:31 AM): What price did you get RIG at?
John Tiliacos (8/3/2007 9:57:00 AM): well
John Tiliacos (8/3/2007 9:57:05 AM): i bought it on the 31st
Jege gig (8/3/2007 9:57:14 AM): ok
John Tiliacos (8/3/2007 9:57:29 AM): i bought my options at 9.30
John Tiliacos (8/3/2007 9:57:45 AM): they are trading at the range of
4.9 and 5.6
John Tiliacos (8/3/2007 9:57:53 AM): so its a tough loss
John Tiliacos (8/3/2007 9:58:26 AM): i think the stock was trading at
110 or 109 at the time
Jege gig (8/3/2007 9:58:37 AM): I assume RIG's fundamentals are good?
John Tiliacos (8/3/2007 9:58:46 AM): very good
John Tiliacos (8/3/2007 9:58:52 AM): they came out with earnings the
other day
John Tiliacos (8/3/2007 9:59:02 AM): the beat the street
John Tiliacos (8/3/2007 9:59:05 AM): they*
John Tiliacos (8/3/2007 9:59:20 AM): the sector overall is taking a hit
John Tiliacos (8/3/2007 9:59:29 AM): and i guess its a technical issue
Jege gig (8/3/2007 9:59:32 AM): I look at the fundamentals after the
technicals - it should be the other way around
Jege gig (8/3/2007 10:01:42 AM): It would have been nicer if the entry
for LEND was at 6.16 (1 cent higher than the buy target. EMOTION plays
a big role in my decisions (still trying to discipline myself)
John Tiliacos (8/3/2007 10:02:26 AM): I had held my emotions and it had
me doing great until this RIG Trade
Jege gig (8/3/2007 10:02:33 AM): How did you calculate your profit
target for LEND?
John Tiliacos (8/3/2007 10:02:56 AM): no calculation, just off the top
of my head, what kinda profit i would wanna take
John Tiliacos (8/3/2007 10:02:57 AM): like i said
John Tiliacos (8/3/2007 10:03:05 AM): i know nothing about technicals
like you do
John Tiliacos (8/3/2007 10:03:11 AM): im pretty much all fundamentals
Jege gig (8/3/2007 10:03:55 AM): do you play cheaper stocks (between 5
and 10 dollar range?
John Tiliacos (8/3/2007 10:06:20 AM): i like to sometimes yeah
John Tiliacos (8/3/2007 10:06:31 AM): ive had great success in the past
with them
John Tiliacos (8/3/2007 10:06:37 AM): but i havent visited them in a
while
Jege gig (8/3/2007 10:08:57 AM): My mental stop for LEND is 6.10. If it
trades above 6.59, I'll set a trailing stop.
John Tiliacos (8/3/2007 10:09:13 AM): i think thats good if you ask me
John Tiliacos (8/3/2007 10:09:14 AM): i mean
John Tiliacos (8/3/2007 10:09:31 AM): i usually like to take between 5%
10% gains on short term stock trades
Jege gig (8/3/2007 10:10:09 AM): Looks like your RIG is bouncing
John Tiliacos (8/3/2007 10:10:15 AM): i see that
John Tiliacos (8/3/2007 10:10:17 AM): and i hope so
John Tiliacos (8/3/2007 10:10:34 AM): it really just needs a day up to
be honest
John Tiliacos (8/3/2007 10:10:43 AM): it hasnt had one in 10 days now
Jege gig (8/3/2007 10:13:04 AM): Some bottom fishers are just waiting
for a close above the previous day's close on this. Some Swing traders
are waiting for price to trade above the previous day's high
John Tiliacos (8/3/2007 10:14:49 AM): yeah
John Tiliacos (8/3/2007 10:14:53 AM): completely agree
Jege gig (8/3/2007 10:18:01 AM): LEND is flying
John Tiliacos (8/3/2007 10:18:31 AM): wow
John Tiliacos (8/3/2007 10:18:38 AM): i just looked
John Tiliacos (8/3/2007 10:18:50 AM): sell at 7?
John Tiliacos (8/3/2007 10:20:02 AM): 7 seems like the price to me man
John Tiliacos (8/3/2007 10:20:24 AM): 6.9=10% profit
John Tiliacos (8/3/2007 10:20:42 AM): well
John Tiliacos (8/3/2007 10:20:51 AM): 7.20!
John Tiliacos (8/3/2007 10:20:53 AM): did yous ee that
John Tiliacos (8/3/2007 10:21:52 AM): it spikes evertime it hit 7
Jege gig (8/3/2007 10:23:46 AM): Out at 6.99
John Tiliacos (8/3/2007 10:23:59 AM): no matter how muc hmore it goes up
John Tiliacos (8/3/2007 10:24:02 AM): you cant be upset
John Tiliacos (8/3/2007 10:24:10 AM): made over 10% in about an hour
Jege gig (8/3/2007 10:24:26 AM): It may still go higher though but I
have to spend some time with my family now. Nice chatting with you.
John Tiliacos (8/3/2007 10:26:11 AM): nice chattign with you
John Tiliacos (8/3/2007 10:26:12 AM): 7.4
John Tiliacos (8/3/2007 10:26:13 AM): damn
John Tiliacos (8/3/2007 10:26:13 AM): sorry
John Tiliacos (8/3/2007 10:26:23 AM): good luck to you man we will talk
soon

Attached are probabilities based on Friday's candle.

Go in with upside momentum or wait for stock to tank and buy close to support.

Ares

#417
Here's a copy of my recent post at the yahoo board and can also be found at
http://www.thelion.com/index.html under FFHL (keyword search: Traders on my radar)

Re: Traders on my radar  (Not rated)      20-Aug-07 11:56 am     Thanks for your reply FRD88.

I recently finished updating myself with information on FFHL posts.

These are the posters that caught my attention:
Stockskewer
V verdi

CHTR caught my attention recently (August 16, 2007) as an oversold stock.

My annotation could be found at http://www.3stocksonfire.org/trading/ind... and (I had to remove the yahoo link because it linked to something else when I pasted it here - it linked to a male massage ??? instead of comments on CHTR at the bull team that has my story on how I was banned on stocks for 1 week by my 7 year old son).

I'm trying to learn more about bottom fishing and so far I like how it is explained in this site that was recommended by nkhoi(an Elite Trader moderator):
http://www.tonyoz.com/bottom.htm

I still consider myslef a rookie and am looking forward to comments from more experienced traders or anyone that is willing to help to further my education concerning the stock market.

Thanks in advance,

Ares

Go in with upside momentum or wait for stock to tank and buy close to support.

Ares

It's nice to see that GNTA is going up but there seems to be a discrepancy in the chart info.

1 chart shows stock price above $1 on may 2007 and another chart shows stock price below $1 on may 2007.

http://www.3stocksonfire.org/trading/index.php?topic=7480.msg105133#msg105133

http://www.3stocksonfire.org/trading/index.php?topic=8896.msg97445#msg97445
Go in with upside momentum or wait for stock to tank and buy close to support.

Ares

Go in with upside momentum or wait for stock to tank and buy close to support.