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Don't understand the question?
DYODD = Do Your Own Due Diligence
MYOD = Make Your Own Decisions
DYODD & MYOD
muel
Emotionless trading is what trading using technical signals is all about. All you have to do is watch a couple of real time lines cross-over in any time frame to tell you when to buy and sell.
Reid
Re: DYODD & MYOD
Is it available online?
Reid
Superb example of why emotions have no place in the market, or shouldn't have! Good read!
DYODD & MYOD
muel
Reid this is an excellent guide for understanding the anatomy of trading. I'll be reading this over and over until I have it memorized!
DYODD & MYOD
muel
If I might give my opinion Arch, the Stochastics and Williams R are both indicating an oversold condition, the momentum has been negative for the last three sessions, but this is no guarentee it will remain so! What say you Reid, has this one bottomed out?
Now using those same settings on IHTL, it looks like that one also may have a little more work to do before we get a clear buy signal. Appears we could see a little more downside there too, but you never know for sure!
http://askresearch.com/cgi-bin/chart?symbol=ihtl&exchange=USA&size=640x480&months=3+mont...
Arch
CLSI is one that IMO is not volatile enough to use my setup of indicators on successfully. Bollinger seems to be about the most useful tool in the below chart and is suggesting a move to the lower band which agrees with your assessment....heading a little lower.
http://askresearch.com/cgi-bin/chart?symbol=CLSI&exchange=USA&size=640x480&months=3+mont...
Reid
Reid, on the CLSI example, using your settings, it appears there's a little more downside to go before a desirable entry is achieved. You agree?
http://askresearch.com/cgi-bin/chart?symbol=CLSI&exchange=USA&size=640x480&months=3+mont...
Arch
The lower trend line is a great place to target a medium term entry. The past two have happened like clock work on the 1st and 2nd day of a new quarter which suggests that the fund managers are window dressing IMO.
http://www.askresearch.com/cgi-bin/chart?symbol=AOL&exchange=USA&size=640x480&months=6+m...
Trend lines are nothing more that general targets, oscillators are the short term triggers so many trades can be made using them in between upper and lower trend channels.
My normal time line is 1 to 3 days but if I am trading intra day the time line (buy-hold-buy-hold) may have a 15 minute to 2 hour trend trade reversal situation.
Reid
Re: ECEE
It looks like you got the close above .04.<g>
Obviously .04 is now new lower support and I see “little” bend of trend so at very least I would expect some additional upside intra-day tomorrow. It’s time to tune stochastic settings to 5-3-3 and watch the fast black line for a directional shift down.
I mentioned yesterday that I saw some additional targets above .04 if a close above that level was made which it was. 06 was next on the list and was also achieved.
I suspect this next target will get hit in the morning…….. .06499. Above that if breached is .07 and .075
I suspect some profit taking will begin as early as tomorrow but using only logic in my assumption and all is JMO.
The chart you showed me in your link back does not contain my settings generally speaking.
I set up like this.
http://www.askresearch.com/cgi-bin/chart?symbol=ECEE&exchange=USA&size=640x480&months=3+...
3 month
Candlestick
Bollinger 10-day
Stochastic 15-5-5 for entry, 5-3-3 for exit.
MACD 8-17-9
William’s R default setting
Money Flow 13
I don’t use volume because daily 1mm is a rule and volatility a given so I do not need that indicator. I did use it when in small and micro caps.
Reid
CLSI, here's one where the TA really helped in making a decision not to buy at .018/.019. Did not like the indicators, pretty much negative, and overbought, and sure enough, closed at .017. Will look for entry below .015, if the chart shapes up:)
http://askresearch.com/cgi-bin/chart?symbol=clsi&exchange=USA&size=640x480&months=6+mont...
Arch
XRay: Good point. I guess MMs have so much clout they unconsciously figure they can ignore accumulation. Or consciously figure the same thing if they're selling shares that don't exist. Evenso, I'll start paying more attention to A/D. Thanks again!
Caradoc
Yep, the lower trendline for AOL does extend to 36---->do you frequently see pullbacks to these lower trendlines to fill the gap, and is this how you pick some, if not all, of your entries?
Arch
Thanks Reid for the ECEE read. I notice AskResearch sometimes drops the settings, as in your post. Are these the settings that fit your (superb) analysis:)
http://www.askresearch.com/cgi-bin/chart?symbol=ECEE&exchange=USA&size=640x480&months=1+...
Arch
It all depends on how much risk you're willing to take versus how much reward you're going after. For my taste, the risk/reward ratio (considering that AREE has recently had its "bad" news and has various irons in the fire that could trigger "good" news) looks pretty favorable.
oh so true doc, and sometimes (with these pennies) the best bet is buy in a half or a third of what you really want, at or near to what you believe to be the bottom, and buy a little more from there (on any dips below your initial entry) until you've had your fill.
Welcome to the TOAST board Caradoc!
Arch
You are calling it right IMO.
Small caps will take some personal adjustments on my end.
Reid
This is why I thought XYBR might well defy any TA we could do. I had also heard big news coming this week. STOR is another one that at least temporarily, appears to be defying logical TA:) Whether that will continue, time will tell!
Arch
It is hard to get any broker to take a stop loss order on an OTC stock. Mine will but it is rare among brokers.
Reid
XYBR after close.
http://quote.bloomberg.com/fgcgi.cgi?T=quote/marketsquote99_news_list.ht&ptitle=A&wires=PRN,...
FWIW I am a pure technical trader and do not read news. Someone pointed this out to me who is not a trader after reading my post and chart here.
Reid
Hi Reid, It's been around for awhile. I've been buying and trading it for about 1 1/2 years now. Although this last time it went down down down. I guess thats where a stop loss should have been in order. Rich
100 is a legitimate post grub.<g>
http://www.investorshub.com/boards/board.asp?board_id=467
Reid
thank you xray, intend to wait for any dip below .003 anyway. i'm very cheap
cheers. serpico
You're welcome!
Same to you sir!
Reid
Vendit- Yes. You may link if you wish.
The A/D Line often turns positive before price action. While this is not always the case, it often is with otc stocks. Seems the MMs are slow to react to accumulation.
Kudos and thanks Reid! Have a great day! eom
http://www.investorshub.com/boards/read_msg.asp?message_id=115477
Arch
xray
I would like to put your post that I am responding to or one of it's links in this thread's header for quick reference unless you object. It contains some valuable resources, which you provided.
Let me know.
Reid
AREE: It's true that nobody can actually call a bottom until after upward movement allows hindsight to say "Yep. That was the bottom." In reverse, waiting for that confirmation is a sure way to turn what would have been 1000% profit at a particular level into only 500%. This is particularly true with a stock that has a history of large volume so that the move from 1/3 cent to 2/3 would/will take place within an hour of any favorable news.
It all depends on how much risk you're willing to take versus how much reward you're going after. For my taste, the risk/reward ratio (considering that AREE has recently had its "bad" news and has various irons in the fire that could trigger "good" news) looks pretty favorable.
Caradoc
P&F charts make trend lines, support and resistance levels easy to spot.
http://stockcharts.com/webcgi/PnF.asp?S=XYBR
You can see (in the above link) the upper red trend line is about to be touched.
=================================================================
28.00 / / / / 28.00
27.00 / / / / 27.00
26.00 / / / / 26.00
25.00 / + / / / 25.00
24.00 / X X + / / / 24.00
23.00 / X O X O + / / / 23.00
22.00 / X O X O + / / / 22.00
21.00 / X O X O + / / / 21.00
20.00 / O X O X O + / / / 20.00
19.50 / O X O X O + / / / 19.50
19.00 / O X O X O + / / / 19.00
18.50 / O O X O + / / / 18.50
18.00 / O X O + / / / 18.00
17.50 / O X O + / / / 17.50
17.00 / O X O + / / / 17.00
16.50 / O X O + / / / 16.50
16.00 / O X O 4 + / / / 16.00
15.50 / O X O X O X + / / / 15.50
15.00 / O O X O X O + / / / 15.00
14.50 / O X O X O + / / / 14.50
14.00 / O + O X O + / / / 14.00
13.50 / + O X O + / / / 13.50
13.00 / + O X O + / / / 13.00
12.50 / + O X O + / / / 12.50
12.00 / + O X O X X + / / / 12.00
11.50 / + O X O X O X O X + / / / 11.50
11.00 / O O X O X X O X O 7 +/ / / 11.00
10.50 / O X O X O X O X O X O /+ / / 10.50
10.00 / O X O X O X O X X O X O / + / / 10.00
9.50 / O X O 5 X O X O X O X O / + / / 9.50
9.00 / O X O O X O X O O X / + / / 9.00
8.50 / O X O 6 X O X O / + / / 8.50
8.00 / O X O O 9 O / + / / 8.00
7.50 / O X 8 X O / + / / 7.50
7.00 / O X O X O / + / / 7.00
6.50 / O O X O / + / / 6.50
6.00 / O X O / / / 6.00
5.50 / O A X / X / / 5.50
5.00 / O X O X / X / / 5.00<
4.75 / O X O B O/X X / / 4.75
4.50 / O X O X O/X O X / / 4.50
4.25 / O X O O/X O X X /High/ 4.25
4.00 / O X O/X O X O X / / 4.00
3.75 / O O/X O 2 O X / / 3.75
3.50 / O/X O X O 5 X / / 3.50
3.25 / O/X O O X X O X / / 3.25
3.00 / O/X O X O X O X /Avg / 3.00
2.75 / O/X O X O X O X / / 2.75
2.50 / C/X O O X O / / 2.50
2.25 / O/1 O X / / 2.25
2.00 / O/X 3 X /Low / 2.00
1.75 / O/X 4 / / 1.75
1.50 / O/X / / 1.50
1.25 / O/ / / 1.25
1.00 / / / / 1.00
0.88 / / / / 0.88
0.75 / / / / 0.75
0.63 / / / / 0.63
01
--------------------------------------------------------------------------------
Arch
I changed a few settings to get a little better feel for ECEE. 10 day bollie, added Money flow and Williams R.
http://www.askresearch.com/cgi-bin/chart?symbol=ECEE&exchange=USA&size=800x600&months=6+....
Just a few observations. Look at William’s R. It is on the ceiling, which shows an over-bought condition but is by no means a buy or sell trigger. It just gives you a feel for the general positive or negative health of a stock. Looking backwards you will see that Williams does not stay in this condition more than a day or two so look for any move up as a selling opportunity.
MACD, which is a momentum indicator, has signaled buy and is headed positive. The draw back here is that it signaled from a very shallow area in correlation to the zero neutral line. This means momentum to the up side is present but will likely be short lived. This agrees with what I just said about the William’s indicator.
Stochastic has a newly “confirmed” buy signal in place and no sign of a bend in the trend so additional upside follow through is likely tomorrow IMHO.
A nice bullish shaven top open candle formed Friday concurs with upside follow through.
As you pointed out, the Bollinger Bands have closed down on the stocks trading range the past 11 sessions. This indicates that the stock has been under slow accumulation by traders. Friday’s candle now touches the upper bollie which is another upper momentum signal in the above setup.
So where will it go? I see fair upper resistance at .04. A close above that level would make .04 new lower support. If it closes above .04 on Tuesday let me know and I will take another look at the indicators and do another read. I see two more upper targets above .04 but William’s has my attention.
All is JMHO
Reid
XYBR may see a pullback soon--->it's had a nice run from 2.80/3.00. Chart indicates an overbought condition - worth watching to see if TA correct, or FA will push it higher.
http://askresearch.com/cgi-bin/chart?symbol=xybr&exchange=USA&size=640x480&months=6+mont...
Arch
You are correct when you say that AREE is one, which is not measurable using daily charts. In fact it looks like it has only been trading for a month or so but when I go to the "Company Snapshot" link I see a 52 week high or .44.
http://www.dbc.com/cgi-bin/htx.exe/squote?SOURCE=blq/ask&Ticker=AREE&format=fraction&tab...
Maybe AskResearch has only recently added the stock to it's data base. How long has this one been on the OTC?
Many times a stock like this is very readable using intra-day dynamic real time i-minute charts for day trades.
Reid
In fact Reid, looking closely at that ECEE chart, that sure looks like a confirmed STOC buy signal - would you concur?
good rule of thumb: A bullish signal occurs when the (Black-%K) rises through the (Green-%D) when it is below 20. A bearish signal occurs when the (Black-%K) goes under the (Green-%D) above 80.
Arch
Reid, would you agree that ECEE is showing some positive indicators (tightening bb's, STOC) that now may be the time to jump in?
http://www.askresearch.com/cgi-bin/chart?symbol=ecee&exchange=USA&size=800x600&months=6+...
Arch
For an excellent discussion of the MACD:
http://stockcharts.com/education/Resources/Glossary/MACD.html
Arch
I would wait for the A/D Line to show an uptrend before I'd call a bottom.
serpico- I only day trade the QQQ right now and sometimes CMGI, depending on the trends. Yes, I use the MACD indicator along with candles, trend lines, and chart formations. Stockcharts.com has a good MACD primer if you'd like to take a look.
serpico, I definitely am not the one to ask. Trying to figure that out myself. Rich
rich, do you think AREE may be at its low or can anybody else show a chart that might give a clue. i'm very interested at this level.
cheers. serpico
do you daytrade xray and do you use that macd indicator vendit talks about. is there other options that you know of, that maybe are easier to follow for daytrades?
cheers. serpico
xxrayeyes, thanks will check it out, Rich
Rich- Lower highs and higher lows. That's a wedge in a nutshell. Here's a link to check out.
Wedges Formation
http://chartpattern.com/wedges.html
And a compiled list of T/A Info.
Technical Analysis Education
http://www.investorshub.com/boards/read_msg.asp?message_id=115339
Hi Reid, The stock I mentioned yesterday AREE that I bought but except what seems promising of what I read about it, also seems to have not much hope in trading, no real technical value concerning charting. Doesn't look very good that way. Any Comments, Rich
http://www.askresearch.com/cgi-bin/intraday?index=%24COMP&intraday=symbol&symbol=aree&ex...
Hello, Sounds interesting but I'm not sure what this means ?
Could you tell me in simpliar terms? Thanks Rich
. When you have a wedge form, it usually trades with declining volitility to the apex.
Thanks sir.
My intention is not to set the purpose of this thread in stone but just allow it to evolve into what the posters want. I have kind of shunned away from posting about small caps and pennies up until now for various reasons but honestly do have extensive experience with both of these types of stocks.
We can do it all on this thread so if anyone has a large cap or a penny that looks like a good candidate for a technical trade then let's talk about it.
A board is only as good as it's content. So far I like what I see here. I wonder what muelhead is going to think about it!
<gg>
Reid
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