3SOF

Ditto's Melf Elf. Thank you very much for all your advice/help
Applaud!!
       Applaud!!   
            Applaud!!   

huge move today.  Nice pick.

Noodles must be popular NWD is starting to get some attention and volume. 2 huge candles in the space of a few sessions and increasing volume relative to historical tell the story. Interesting to see how the day finishes and also if any continuation Friday. Disclosure: I have some, reason being it was breaking out its all time high on volume.

another powerful move today! stocky(applaud) for bringing this one up.

this brings a tear to my eye as i'm not in..... this was however my first stock i watched when i started watching few years ago. how can you go wrong with nooldes in china i thought. Looks like after a long period of accumulation it's ready to start an uptrend! i know they scored a deal with KFC china in the past. Pretty solid pick. nice alert!

Is that a G Pattern I see before me, out damn spot out I say.......(apologies to Shakespeare)

NWD been very strong past few sessions, sitting just under $2 which is acting as a tough ceiling, if it gets through could get a nice pop up.

on this chart is there any way you could have seen the "pattern G" before it occurred.  it seems like on this chart at least you would not be able to recognize "pattern G" until after it happenned which would be too late.

what i mean is...  it shot up 50% in one day.

you couldn't tell it was "Pattern G" the day before and once it goes up its too late. right?

-rocket8

No not really, when it broke out per the chart it didn't gap up it went up through the day hence the lovely white candle (i.e. it opened lower than it closed). Now the breakout line on the chart was drawn at $1.29 (most recent high), so you could have a limit buy set at or around that breakout point so that if the stock moves upward your buy will activate there.

if u are watching 20 stocks (or more) is it feasible to set limit buy orders on each in hopes of a pattern G developing?

i have a question for you aussietrader -- just a general one -- how many stocks do u watch or follow?  i am trying to develop some methodology for finding, monitoring, and watching stocks.  its such a maddening process.  i feel like i am always running all around the net trying to find the hot one going to 10 webpages or more per stock and somebody is always recommending a new one (and and old one).





 

Quote from: Rocket8 on August 16, 2005, 12:34:29 PM
if u are watching 20 stocks (or more) is it feasible to set limit buy orders on each in hopes of a pattern G developing?

You can set alarms (depending on what software you have) that will alert you when a stock is approaching your buy point. Then you can check the validity of the move (vol /news / etc) and then make a buy decision.

At the close of a trading day I'll scan for stocks that meet the type of criteria I am interested in, I'll probably chose a handful of candidates from that daily scan, I'll check the 3SOF alerts and chat and add candidates from there. Then I'll set alarms and trading plans for these candidates for the next days trading. Also during the day I have a screener which realtime shows me the volume momentum stocks so that I can jump on a momo play intraday if I like the action.

Then I'll have open plays with various alarms and stops on them that also I look at and work on.

I could go on for ages but you'd get bored

BTW do you have a trading strategy / plan written down? If not you should do, it would focus your activities and help your efficiency. From what you say you are too busy trying to find something to buy (from too many 'sources' without having a process in place to do that effectively.

Well hope that helps some.

Quote from: AussieTrader on August 16, 2005, 11:24:11 AM
NWD been very strong past few sessions, sitting just under $2 which is acting as a tough ceiling, if it gets through could get a nice pop up.

Well, closed above $2 and great volume on a tough market day (sign of a strong stock), technically $2 should now be a pysch support point, but it will need to get some action today above it to consolidate that support. Historically this stock has traded above $3 (2001) There is no volume related resistance now between $2 and $3+.

Aussie, what screener are you using real time to show momo plays? OOPs maybe that is rocket??

www.trade-ideas.com
I have it working with quotetracker (it feeds into customizable windows iin my trading platform)  but you can also use their screeners / filters via their website as well.

Thanks Aussie, I use QT too  for over 4 years