is...Either trading futures or fishing
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You have to set up your own charts and set your own preferred indicators that you want to use. I use TD Ameritrade and the think or swim trading platform they offer. Have used it for years. Just type in the ticker and the chart instantly loads. Does the brokerage firm you use offer a trading platform with charting? If not I would get into one that does
Your welcome. Here is another example of the indicators I use and why I use them. This is a position I took Friday on a company I had been watching for a few days. I blacked out the name so to show why I took the position I did with my trading style and not to advertise anything but that.
Also for anyone that is wondering if I'm shorting GLER the answer is no. I have never shorted pennies and never will
Here is a couple charts. The first is a chart explaining the indicators I use. The second chart is what I see happening here.
And I'm sorry but I never use Bollinger bands or any other indicators other than what I have listed. I like my charts simple and clean. A set of moving averages, volume bar and stochastics are all I ever needed.
On the second chart I see a lot of strength here. Unlike the first run up, the 20 period EMA came up and tapped the 200 period. The next day we had a strong green candle wic between the 50 and 200. This is a very strong signal. We have a strong decline in volume to come down and close the gap. We have a descending stochastic heading back to the oversold level.
All these indicators coupled together makes it a good setup. I hear a lot of harping about the volume being dried up but that's what I want to see with a stock that is consolidating. That probably didn't answer your question but its the best I could do with what I use and how I trade what I see
I rest my case. If I say something I back it up with a chart of what I see. Looking at a yearly chart and saying this will go to .0009 says nothing without an explanation. You missed that all the way around. You did get the fact that I'm a day/swing trader right though. But I don't day trade pennies. And I don't trade for scratch.
Charts that are showing a pattern will bring in seasoned traders like me when we see a pattern forming. We know that this like pretty much all other pennies are nothing but a POS. We look at all time frames. I was taught by a pro to trade what I see and it has worked for me for years. Yeah we are call flippers and all kinds of things. People can call me what they want. I got in the business to make money, not to follow the crowd
2 charts for you
The first chart is the 4 hour chart. Another strong bullish engulfing candle formed. Very strong decline in volume in which is what is needed and an almost bottomed out stochastic in which is also what is needed. the second chart is on I posted earlier on the 2 hr with pretty much the same identical pattern. When you get a 2hr and 4hr chart to line up its a pretty good indicator that something is going to happen. Please post the chart you are referring to and show me what you see that will take this to .0009. I asked you earlier for a chart and you never produced it. If I say something I will back it up with a chart
Well I have a very strict rule when trading pennies. Buy once and sell twice. Just couldn't help it. This is a hot signal
Did you walk away with a profit?
Can you show me on a chart as to why you think it will go to .001? I'm not doubting you or anything. Just curious
I cant deny that lol
It needs to double for me to get back to where I was at. I did make some nice bank on it when I sold half. I cant count the number of times I thought about selling the leftovers but for some reason I held on
Like I said. I am a trader lol
I was in on that same run. That was the fist time I traded GDSM. I still have shares left from that. I sold half and held incase it ran higher. I never thought I would see this one go again. May even make money on the shares I still hold
It will consolidate but there is still an ascending trend on the 200 period EMA on the 2 hr charts. Would take another week or so to see it materialize on the yearly chart
If this breaks back up into the .0024 area where I think it will then we will see the 20 period cross over the 200. Either way I see a nice reversal coming today with a strong finish
3 Charts
The first chart is the 2 hr chart. Looks to me as if this simply closed the gap and came down to the support of the 200 period EMA. Tested it at this level 6 times which would mean a viable support lever. Im looking for a reverse back up into the .0024 area in between the 8 & 50 period EMA
Second chart is the yearly chart showing a simple set of tweezers. this is a trong indicator of a reversal. We still have a nice decline in volume and a descending stochastics. This is what I want to see.
Third chart is a chart I posted a few days ago showing that this stock is way over extended and will come down. If you think a stock will just continue to rise and not fall then your in the wrong business. Today we will close green. I see no reason for this to break down through support
Yeah but it doesn't mean I wanted it lol. Just the nature of the beast.
I could care less if it does or not. I made enough profit from selling from the trips at 004. I never hold all my position. Always take money off the table and let the rest run
I think we are talking about two different people
What kind of threat? Like an " I'm gonna whoop your A$$ " kind of threat?
I agree with you 100% on this. But you know as well as I do that the monkeys that run the SEC are no better than 99% of the CEO's that run penny stock companies. They will do nothing
We will see. That joke of an 8k didn't help anyone any yesterday
Yes I am long. Bought a block at .0007 and added some more when it dropped to .0004. I sold half at .004 and am holding the rest. Also this is my grandkids account. I'm pretty much retired from trading. I just like hanging around ihub and posting charts
This is penny land. Believe only what you see and nothing you hear. I have been in several mergers and not one has been legit. I have made more money in pennies that were scams than the ones that were legit. And there was not that many legit ones. I'm looking for nothing different in this one. I'm not here to cheer for this company or bash it. I was taught years ago to trade and not care about what or who I was trading
Kind of makes you think of our government don't it. That's the way it is in penny land. Milk it for what you can get and on to the next trick
This is why I have never been an investor. I am a trader and that is the only way to play anything. Weather it be pinks, big boards or futures
Did you see gdsm? It exploded the last few days. Im still holding some for over 2 years ago
Well I can see why your stocks are not moving. You have the Aggies listed as your favorite team. Everyone knows the Lord is a Longhorn fan. If you want to change that I will talk to him and see if he will show you a little mercy. lol
If you want to pm me with your email address I will send you the info you wanted about trading
You get my number? how is your stocks doing right now?
I have to admit. That was funny :)
GLER yearly chart. I posted a chart similar to this one yesterday. The stock is still way over extended and needs to come down a little. Its showing strong support off the 8 period EMA and will probably come down through it some. If you notice the 20 period EMA will cross over the 200 tomorrow. It has not done this in a couple years. This is very good and this stock is right where it needs to be. This will allow the other MA's to follow through and start an upward trend. At least until if and when there is a ticker change and we have a new chart. For those of you that think a stock can just keep climbing without pulling back then your in the wrong business. Relax guys
That persons post is not in any TOS violation no more than half the lies and false information you see on any board including this one
Sorry but I cant answer pm's
Hopefully it will hold there. If it breaks through it would possibly settle at the next support level of around .0028 That still wouldn't be a bad level of support though
GLER 5 minute chart. I never use 5 minute charts when trading pennies. Just wanted to show this one with the fib retracement. Showing strong support at the 50% pullback. Tested it three times in the last two trading days. Volume and stochastics are major factors in my trading but on a five minute chart in pennies I never consider them.
This is looking very nice and is lining up with the proposed news that is supposed to come out. If it doesn't hold up our next support level will be at the .0028 level which would put it at a 61.8% pullback on the fib retracement. I'm looking for a little more consolidation today