Daytrading with Consensus

[nutsterrt]

Ares...still have TSTC on your radar? Moving again today 

[Ares]

Watching RNO's 4.25 resistance.
RNO went above the previous week's high, pulled back for 3 days and currently has a positive net price.
This may really move when the 4.25 resistance is broken by blocks.

[Ares]

Hi Nutsterrt,
TSTC looking good on the Daily chart but still below the 8Weekly ma.
Weekly 8ma= 8.98
previous week's high = 8.90

Nice bounce from the 8 dollar support area  and broke through yesterday's high of 8.41.
Currently trading above the daily's 8ma
Positive net price.
I would wait for at least 25 cents above the open with lots of green at time and sales (better if lots of blocks coming in) to enter with momentum.

I guess just watch out for those overhead resistance.

[Ares]

MVIS just went above 3.80
My alert came on but I didn't see the activity in level 2.
Just to give a heads up to whoever is watching this.

[Ares]

Looking at DNDN's 1 minute chart, the momentum entry would have been at 15.02

momentum low = 14.80
higher high = entry signal
previous high = 15.02
protective stop just below 14.80

[Ares]

Out DNDN at 14.80
This is getting frustrating.
Went in with momentum and bought strength at 15, price went up to 15.40 but didn't take a profit
Saw momentum low entry for buying weakness ,went as high as 15.23 but broke the 14.80 low instead.
The 15 minute chart showed that the price opened and closed below the 8 ma with a high of 15.14 and a low of 14.96.
If I exited using this strategy, I would still have been out at a loss.
I need to find out an exit strategy that would get me out at the highest possible profit (if it is possible).

[Ares]

Momentum low entry for DNDN at 14.70

[Ares]

DNDN recently hit 14.99 (resitance) and pulled back on the 1 minute chart.
Should I exit now at a profit or take some risk, ride the dip, and let it run?

[Ares]

BDSI getting close to 5.96 resistance.

[Ares]

Question: What is a positive net price?
It is when the open is above the previous day's close  1 (33.3%)
It is when the last price is above the previous day's close  2 (66.7%)
I don't know  0 (0%)

Total Voters: 3

I think a positive net price is when the last price is above the open.

[Ares]

PMCS. Watching 7.15 as resistance to be broken.
Above weekly and daily 8ma.

[nutsterrt]

TSTC looks like it'll hold 9 today    Curious if you got in or not the other day.

[Ares]

Wow nutsterrt,

TSTC broke 8.90 and 8.98.
I'm happy for you.
Me, I haven't got into it (even on paper).
I'm still paper trading right now.
Still searching for a  strategy that will work for me.
I'm already frustrated with my trades lately and it's not even real money.
I would have been stopped out at DNDN at 14.61 again instead of a  profit if I exited at 14.94.
I got in at 14.70 using a momentum low entry and looking for the price to break 14.99 again.
When it didn't break it, I hanged on and rode the pullback which went down below 14.61.

[nutsterrt]

Well, good for you for trading on paper while you try to find a strategy that works for you. Wish I would've done the same when I first started; I probably would've saved myself a few bucks over the long run.

My greatest weakness seems to be timing, but I have a feeling that is going to be difficult to ever perfect. Good luck to you!

[Ares]

I would like to test the Linear regression/RSI2.

I'm trying to figure out how I could copy and paste a chart from prophet.net in here.

RFMD is currently at the lower regression line and RSI2 is below 20.
It looks like a buy at 6.20/6.12 area  for a long term hold.
The linear regression line is currently sideways.
I'm just eyeballing the targets since this prophet.net chart is new to me.
Targets are: 6.80,7.50,8.20, and 8.80.

I wonder if this would be a good candidate for daytrading tomorrow.