is...Either trading futures or fishing
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Was trying to add in the 0085's and the electricity went off. They are working on the power down the street. I should take them a bill for what i could have made between .0085 and .0093 haha
In over 11 years of trading i have never made a decision off of level 2
Dont think were gonna see much dip. But i have been wrong before. Once about 20 years ago i think. LOL
If it can break above and hold the .013 resistance level for the close then its off to the races. There are to many indicators on different time frames that says it will. The ATM is open
Sorry but i cant answer pm's. I catch those giant lake pearch at the Mon river spillway in Point Marion,PA and also in Lake Erie
Thanks but dont bet all the bank on my plays. Remember that we are playing with fire in pinks. I dont trade alot of them. Only the ones that are showing me something on a chart. I dont do any DD on any company. I make my livin on futures contracts
Sounds like to me you just flat out should stop trading
Nice chart. And to answer your last question. I dont see alot of consolidation before the run. Maybe a day or two at the most if even that. There are way to many indicators on all time frames showing a nice little explosion. Anytime i see a cup and handle forming i always load heavy in the bottom of the handle. And if the pattern dont play out i always make a nice profit when it runs back up to the top of the cup and gets turned away
Here is the charting you asked for. The first chart is the daily chart. This stock is moving nicely for the low volume it has. Look at # 1 & 2 on the daily chart. It breached the 200 EMA then pulled back into the 50 period EMA then shot up and breached it again. While its doing this its allowing the other indicators to slowly come up for a possible mover over the 200 EMA. # 3 on the chart shows strong support on the 50 period EMA as its moving up. The stochastics are over bought so we could see a little consolidation or a slight pullback to allow the stochastics to move back down.
The second chart is the weekly chart. # 1 on the chart shows we have been in a nice consolidation for about 6 months at around the .01 level. # 2 on the chart shows where it broke out above the EMA's and after being a little over extended above the 20 period EMA it came back down to support on the 20 & 50 period EMA. # 3 on the chart is showing very strong support on the 20 period EMA for a continuation upward. Hope this helps you
Im thinking you got plenty of time. The resistance is at .013 so the run will be from there if it holds above it when we reach that point. The run will be from there if it holds and every time frame chart is showing me it is
Been doin it for years
The cup has already formed. The handle is now forming. Look at the chart below. When you have a strong cup and handle pattern the handle will always form to the right of the cup. The cup will always be the first to form. Once the cup forms you want to see about a 50% pullback for the handle to form. Right now it has pulled back right on 50% and consolidating there. It dont get any better than this
Im looking for a strong pop next week. This has already held support on the 50 & 200 EMA and its also in the handle portion of the cup & handle pattern. With the volume decline and the stochastics being oversold we are going to see some nice gain. I dont ever count on news but if we did get something positive from the company then match that with the charts and this will blow
No problem buddy. You will notice on my charts i dont like alot of indicators. I like em crisp and clean where i can see whats going on. The guy that taught me to trade was a wall street pro and he traded the same way.
Well if you look at this chart here this is what i go by. Look at #1. This is where i made my first sell. I dumped half my position at .03 when it stalled out. Once it broke down through the 20 period EMA i knew it was going to come back down and test the 200 period EMA which is the green line.
After it didnt hold support there i knew i would not add to my position until i seen it level off and start consolidating. I seen it start to hold support around the .006 ( #2 on the chart) level so i added more. Once it broke back up above the 200 again i knew it would come back to retest the 200 EMA again. Once i seen it consolidate there and hold support i added heavy there (#3 on the chart) because i knew it was gonna have another run back up.
With all this happening and it also forming a strong cup and handle pattern this tells me that its gonna pop again. Although i flip i still hold a core position of free shares. When i get the first run of any stock im in i always dump half and then let the chart start setting up to show me where to either add or get out. Sometimes it takes a while but it will pay off in the long run. Remember ATRN? I made over $30,000 on it flipping in and out of it.
I cant answer pm's because i never signed up for the service. I cant say about it going to .20 cents. I never try to call a top. I base my sells on what the chart looks like and how over extended it is. If it gets way over extended above the 20 period EMA i will dump 1/4 to half my position and ride the rest in free shares. I usually look for my sells off the 60 minute chart. I do make calls on the base line though. Right now on the weekly chart it has 4 very important indicators that show me its gonna keep going. First is the pullback into the 20 period EMA and the long red tweezers. Also i really love to see a stock consolidate with a good decrease in volume. I also like to see it consolidate while the stochastics are going down. Especially on larger time frames such as the daily and weekly charts. This chart reeks of profit. I resized the chart. Hopefully its not to big
Yeah i will shave em down for sure next time. LOL
I never do any dd. I only flip off of charts. If a stock doesnt have the parameters im looking for then i dont play it
In a little over 11 years of trading i have found a strong cup and handle to be one of the strongest patterns there are. But i have seen em fail too. The way this stock is setting up i dont see it failing. Way to many indicators saying its gonna run. I got 1/4th my position for sale at .10
Thank you. I found out a long time ago that people will lie to you all day long about what a stock will do. Or what they think it will do. But a good chart will tell you the truth ;)
I probably should have resize those charts. They did come out a little bigger than i wanted
Here is a 60 minute chart for those of you that like TA or trying to learn it. I dont trade companies. I trade charts only. I flip pennies for fun. I make my living on trading futures contracts. On the 60 minute chart we have about as nice of a cup & handle pattern as ive seen in a while. We got a nice decline in volume and i like to see that. The stochastics are getting oversold. If you look at the 4 hour chart you will see the same pattern and i posted that chart also
First time i ever flipped dope without worrying about going to jail
5 minute chart http://i43.tinypic.com/e6bzol.png
Going to be a little pullback into the 20 period EMA then a bounce higher. We should start to see a break above the 200 period EMA and a nice slow ride up
I flipped half at .03 and reloaded more at .0073 and .006
That means, ( I need shares ) MM games
Daily 1 year chart for you that like to play charts. Looking for a nice bounce this week
http://i42.tinypic.com/qpf85k.png
Have fun trading folks. The fish are over populated and im gonna go do my part by helping deplete some of them
Your right. That market is very out of control. Its very heavily manipulated. But i learned to read charts and trade like the pros do. Thats the only way to make it in this game. Im a coal miner by trade and i also trade the major coal companies. 99% of penny stocks are garbage. I only play the ones that are showing me something on a chart. And even that dont always work with pennies. But i like to play em for bounces
http://i41.tinypic.com/28ch5rl.png This is my position as of about 12:00 noon yesterday
Didnt know they taught that in highschool now. Been quite a few years since i was in highschool. And if they do they surely dont teach you that the market is rigged and always will be. Thats why i paper traded 2 years before i got in the game for real. I flip pennies for fun. I trade futures contracts for my living
Maybe you should learn to paper trade before you invest real money. I paper traded for almost 2 years before i ever invested a dime. That was over 11 years ago. I have never looked back
This is just another swing trade for me. But here is the 4 hour chart for you that are holding it. Looks like a fib retracement up to .02 or better from the selloff.
http://i44.tinypic.com/nd8y0n.png
im looking to flip it at .42
Should see a nice pop within the week. Gold is headed back above 1,800. The weekly chart for gold futures is in a very nice slanted inverted head & shoulders pattern. I got 4 contracts long on this one. Here is the chart.
http://i42.tinypic.com/34fky8x.png