3SOF

I was recently looking for the definition of G Pattern to Steps but was not able to find it right away.

I ended up reading EliteG Infinite Compound Project.
I'm currently on page 12.

So far I like the idea of these stages on page 5:
http://www.3stocksonfire.org/trading/index.php?topic=1374.60

Stage 1: Up impulse
Stage 2: down/flat/drift
Stage 3: up and away
Stage 4: take profits

I'm planning to read EliteG's strategies  in more detail this time.

G Pattern to Steps:
http://www.3stocksonfire.org/trading/index.php?topic=7595.0

I may start getting aggressive on penny stocks too. 

Watch List:

In addition to my side notes, I'm wondering if the 3 daily magic lines will help to push this stock higher.

Would this be stage 3 (traders that were digging up find something, momentum traders jumping in,etc) with the news?
http://www.3stocksonfire.org/trading/index.php?topic=2510.0

I will be observing this on monday.

Hello Ares,
I am glad u understood and found (mislabeled) what I was referring to. Sometimes it is hard to communicate in writing. You did well to average down on skf.

I like the 3 magic lines but never put them to the test. Others have successfully.

I really enjoy Melf's analysis. Thanks for showing me his current stuff.
see ya on the boards!

Calven (or anyone that knows how to get hold of him),

Melf wantsto thank you for introducing us to the wolfewaves.

I have an "assignment" to find out the wolfewave on AAPL with a Dec 27, 2007 wolfewave #5 fakeout.

If anyone wants to take on the challenge (or help me), please post a chart.

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_Q/threadview?m=te&bn=20255&tid=260332&mid=260332&tof=5&frt=2#260332

I'm not sure where the wolfewave is but it looks like AAPL may be approaching resistance in the 181s.

So far, this is what I see:

Quote from: Ares on May 03, 2008, 04:36:32 AM
TD update:

UYG
#1 at 29.11, open
#2 at 30.55, open
#3 at 33.45, open
#4 at 36.25, open

SKF
#1 at 116.05, open
#2 at 105.46, open
#3 at 98.41, open
#4 at 89.70, open

I can't believe I only had 2 fills with all those orders I've entered!

I missed my opportunity to sell UYG at the 37's (I placed an order the previous day to sell it at 36.85, expired, and was not able to sell higher - now I have to wait for a recycle). It may be for the best.

The good thing is, I was able to buy SKF at 89.70 (instead of selling UYG at 37s) which was pretty close to the low of 89.65.

Starting monday, I will focus more on taking profits. 

Deleted previous drawings on SKF/UYG and starting fresh for monday:

Let's see (rubbing hands) where I could take some profits first. 

Recent orders:

TNOG
long filled at 0.0022, open

SKF
Sell at 96.49, open

UYG
Buy at 34.33, open
Sell at 37.49, open

I know you like day trading but take a look at WEGI at .0066 right now good entry and hold it for a couple of months when the hurricane frenzy starts and it could at least go to .21/share
any thoughts?

Pino,

Ty for your suggestion.
WEGI's volume seems too low and it's below the magic lines.
On the plus side, there seems to be a tripple bottom with a MACD divergence.

I'm just wondering what attracted you to this stock (besides a hurricane frenzy).

Do you have a position on this already?

If you do, good luck. 

Hi Ares,

Keep up your informative contributions.

I have STEPS in a .pdf for you.

Cheers

Hi AussieTrader,

It's nice to here an encouragement from a Moderator like you. 

Ooops, actually, Administrator. 

How do I get hold of your .pdf on STEPS?

TIA

Ares

hi Ares I lived in New Orleans for the past 24yrs and just about every year to every other year there is always a cat3 hurricane that has threatened the gulf either headed towards or near by New Orleans.last year I found this stock on Wrangler's trading zone and tried it out and sure enough I made me some  ;DNow I only live 1hr north of New Orleans after the desarter of Katrina and so hurricanes are still something that in our local area is in the forefronts of our minds and daily lives. there is too much around us still reminding us of what Hurricane Katrina did.that is my story and I am sticking to it. ;DTake a look at the hurricane prediction for this season. Here is the link to the doc.http://typhoon.atmos.colostate.edu/Forecasts/2008/april2008/apr2008.pdf

Quote from: Ares on May 06, 2008, 12:01:23 AMPino,Ty for your suggestion.WEGI's volume seems too low and it's below the magic lines.On the plus side, there seems to be a tripple bottom with a MACD divergence.I'm just wondering what attracted you to this stock (besides a hurricane frenzy).Do you have a position on this already?If you do, good luck. 

Quote from: Ares on May 06, 2008, 06:56:53 AM
Hi AussieTrader,

It's nice to here an encouragement from a Moderator like you. 

Ooops, actually, Administrator. 

How do I get hold of your .pdf on STEPS?

TIA

Ares

Aussie,

I found the .pdf you've  already attached. Thanx

(applaud) for helping me out and making it easier for me to understand STEPS in depth.

I'm scanning (reading) the .pdf right now and it looks nice (thumbs up).

Ares

Quote from: pinoleropuro on May 06, 2008, 06:58:19 AM
hi Ares I lived in New Orleans for the past 24yrs and just about every year to every other year there is always a cat3 hurricane that has threatened the gulf either headed towards or near by New Orleans.last year I found this stock on Wrangler's trading zone and tried it out and sure enough I made me some  ;DNow I only live 1hr north of New Orleans after the desarter of Katrina and so hurricanes are still something that in our local area is in the forefronts of our minds and daily lives. there is too much around us still reminding us of what Hurricane Katrina did.that is my story and I am sticking to it. ;DTake a look at the hurricane prediction for this season. Here is the link to the doc.http://typhoon.atmos.colostate.edu/Forecasts/2008/april2008/apr2008.pdf

Quote from: Ares on May 06, 2008, 12:01:23 AMPino,Ty for your suggestion.WEGI's volume seems too low and it's below the magic lines.On the plus side, there seems to be a tripple bottom with a MACD divergence.I'm just wondering what attracted you to this stock (besides a hurricane frenzy).Do you have a position on this already?If you do, good luck. 

Pino,

Thanx for the extra info you provided.
I give you an applause for taking that extra time to give me more info about it. 

btw, I haven't heard much from Wrangler lately. I hope he is ok and doing well.

Ares

AAPL Wolfewave solution posted.

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_Q/threadview?m=te&bn=20255&tid=260398&mid=260398&tof=2&frt=2#260398