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AMBS chart eval
LOL I did happen to check AMBS the beginning of MAY and saw the descending triangle and moved on.
Actually looks like dark side coming back. Nice new volume interest; Guess there was news. Check for any new funding! You could be correct, the failed retail descending triangle should be, because the darkside has more shares for sale. These long, drawn out OTC charts, rarely pop and create failed chart patterns without some help from a big guy.
GOLD is at a NULL.
Long term channel 1200 to 1400 channel.
http://www.finviz.com/futures_charts.ashx?t=GC&p=w1
Short term channel 1275 to 1325 channel
http://www.finviz.com/futures_charts.ashx?t=GC&p=d1
Took early profits at AGU. Damn S&P is getting real frustrating.
HUMM RAD just dove again, after closing my standing sell order @ 4.92. Maybe I am getting LUCKY after all.
http://stockcharts.com/h-sc/ui?s=RAD&p=D&yr=0&mn=3&dy=0&id=p72161757850
My big board plays update.
RAD close for my 50 cents a share gain today. 2 banked now. RAD & MSO both for 50 cents a share. 1 for 6% the other 12%. 8 dollar stock and 4 dollar stock.
Noticed MSO retrace started today, perfect timing for me, out yesterday. LUCK ? Na I have no luck. But all kidding aside. MSO back on watch for flag pattern.
Entered AGU at 93, gap filled, many large gaps above needing fill. Target 97 channel top. Removed PRMW from strong watch added LSG.
Good luck, I don't see any reason for entry at this time though. IMO put a tight trailing stop on it.
Ps; LSG has a .94 flag pattern target.
Good advice for a day trade on good news.
Of the Junior miners on the American exchange I'd be strong watching Lake Shore Gold (LSG) for flag top resistance break, on any positive action in the gold sector.
Junior miners
http://www.finviz.com/screener.ashx?v=211&f=exch_amex,ind_gold
TA wise there's a slight negative in entry/exit. With Conflict accumulation in the support indicators and strong move coming with ADX below 15. Trying to bounce @ 50% FIBs calling for previous high is positive, but larger gap below on the negative side. Overall could go either way but when it goes it should be a fairly large move. Had a good Q report earlier, late March. Thus the short squeeze gapping candle run. Looking for true value now. Which IMO could be above 90 cent, over all, top resistance. Seen in March's gold reverse heads & shoulders chart pop to 1400.
Here's another educational web site I recommend.
http://www.informedtrades.com/index.php?page=freetradingcourses
Big board update.
MSO closed for 50 cents a share gain @ target today. Changed RAD gain from 8.00 to 4.92, don't like the gap below now. Hope to close tomorrow for 50 cents a share gain, but will pull the trigger early if needed. Took MOS off strong watch and replaced with AGU in the Agr Chem sector. Removed IFMI from strong watch, replaced with NSU double bottom watch with gaps above.
S&P reached 1890, top resistance today.
Welcome back. Long time no see.
Yes spring on the OTC often sees increased activity. But that depends on the overall sector action. This spring commodities like oil & gas and metals have not been on a rip. So those sectors are not coming alive this spring, so far. Keep an eye on the industry sectors. If they improve, you will see the OTC start pumping first.
As for the pot world. It's luster has dimmed. It's been 3 months and most OTC hot areas cycle on 3 month runs. When their popularity is over, the OTC games are also over. I wouldn't expect any large over all comeback there.
I don't see any OTC industry sector standing out this spring. It seems to be a stock picking OTC market now.
It seems there is some interest in this subject. So I will try to do more later. But for now, the first step in technical analysis is pretty well covered in this old short post in the board sticky post area.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79890992
One place to study the various aspects of TA & charting can be found at stockcharts.com. There are many places though.
http://stockcharts.com/school/doku.php?id=chart_school
Here's a little post about something many may not understand or conceder, when looking at a chart or graph. Your looking at the masses sentiment & psychology.
When you look at price direction, you need to think sentiment.
When you look at chart patterns, you need to think sentiment.
Sentiment
noun
1. an attitude toward something; regard; opinion.
2. a mental feeling; emotion: a sentiment of pity.
3. refined or tender emotion; manifestation of the higher or more refined feelings.
4. exhibition or manifestation of feeling or sensibility, or appeal to the tender emotions, in literature, art, or music.
5. a thought influenced by or proceeding from feeling or emotion
Charts are basically pictures of sentiment. Price direction is the most resent sentiment and chart patterns the culmination of sentiment over time, which projects possible action of future sentiment. Resistance and support are upper and lower value sentiments and gaps are high emotion changes in sentiment. Trend is continuous positive or negative sentiment.
Understanding all this will help one understand what's happening to price and why.
The pshycology of trading is also an important part of trading stock.
TA indicators are graphs of chart change. They measure direction and change and plot points on a graph, to aid with determining the phycology behind the chart sentiment. They show strength and weakness of trend, momentum, and volume.
Psychology
noun,
1. the science of the mind or of mental states and processes.
2. the science of human and animal behavior.
3. the sum or characteristics of the mental states and processes of a person or class of persons, or of the mental states and processes involved in a field of activity: the psychology of a soldier; the psychology of politics.
4. mental ploys or strategy: He used psychology on his parents to get a larger allowance.
The two; charts and technical indicators (sentiment and psychology) is what the Technical Analyst is all about. We see humans in the TA & charts. Since analyst are thinking sentiment and psychology, not static points on charts and graphs, a good one can evaluate future expectations at a glance.
I've been thinking about this distinction lately and thought I'd try to explain it to the board. In the hopes it may help some trying to learn TA & charting. Because I'm not sure many understand the distinction. There are human actions creating the TA & charts we look at. The goal is to analyze human action, not plots or points on charts and graphs.
One should always be thinking what are the people saying to you. Are they telling you what they may do next? And why do you think that. If you can't explain why the graphs and charts are telling you projected action with logical reasoning. Don't trust your evaluation and look closer.
As you go threw the process of looking at long, mid and/or short term charts, then check your trend, momentum and volume indicators, try to see all positive and all negative things present. Then list them for over all analysis. Try to not inject your personal sentiment & psychology on the evaluation by leaving bad or good things out. We often find we do that subconsciously.
random occurrence
WSGI
Posted this at their board earlier today. I doubt you'll see any major changes in stock price due to latest news. Could keep an eye on it because the 15 mil issued from WSGI is restricted, but have no idea what the restrictions are. So it is possible the angle investor may work to get his investment back selling common, if/when possible.
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The deal with DAC is NOT the stock DAC; a Greek container shipping company. It's a newly started private company. Probably owned by the new consultants and investors.
This whole thing reads like a Shark Tank TV show episode where an activists venture capital, angle investor, takes a large stake in small to mid sized companies to turn them around to profits. I don't know if anyone has seen the show.
http://www.hulu.com/shark-tank?cmp=510&utm_source=bing&utm_medium=cpc&utm_term=Shark%20Tank%20Full%20Episodes&utm_campaign=Bing%7CTV%2BShows%7CSearch&mkwid=j0qIc1Kd&pmt=bb&pcrid=926853203
This link states the company is 2 months old.
Drone Aviation Corp
http://www.bizapedia.com/nv/DRONE-AVIATION-CORPORATION.html
IMO the angle investor bought the LTAS asset for $335k + 10 mil shares of the new private company stock. Then started a new private company to build it out. And invested in WSGI for the (SPA) of $150k, with possible future $1 mill funding under the non-binding term sheet.
Then got 15 mil shares of WSGI to become a non management/employee director and solve all WSGI business problems.
The deal with DAC is NOT the stock DAC; a Greek container shipping company. It's a newly started private company. Probably owned by the new consultants and investors.
This whole thing reads like a Shark Tank TV show episode where an activists venture capital, angle investor, takes a large stake in small to mid sized companies to turn them around to profits. I don't know if anyone has seen the show.
http://www.hulu.com/shark-tank?cmp=510&utm_source=bing&utm_medium=cpc&utm_term=Shark%20Tank%20Full%20Episodes&utm_campaign=Bing%7CTV%2BShows%7CSearch&mkwid=j0qIc1Kd&pmt=bb&pcrid=926853203
This link states the company is 2 months old.
Drone Aviation Corp
http://www.bizapedia.com/nv/DRONE-AVIATION-CORPORATION.html
IMO the angle investor bought the LTAS asset for $335k + 10 mil shares of the new private company stock. Then started a new private company to build it out. And invested in WSGI for the (SPA) of $150k, with possible future $1 mill funding under the non-binding term sheet.
Then got 15 mil shares of WSGI to become a non management/employee director and solve all WSGI business problems.
STTK has a negative descending triangle chart pattern, with triple zero target below. I have no idea who issued a price target 5 time the present price, on a stock with a bad chart.
YES But with any down trending slop I recommend small entry @ breakout and large when top resistance is broken. That way if price doesn't break resistance and retraces, you don't have so much money to worry about.
Breakout is positive, but top resistance break is confirmation of a run continuation. This is a low risk way to trade. Most of the time I personally don't enter till top resistance break. Depending on how far up it is. But sometimes I enter with 1/3 at pattern break and 2/3s at resistance.
I'm a realist also. And I've realized I can't change the world. Best I could do is raise good children, thru example, to improve it some.
My knowledge and experience says learn to sell and work as hard as possible to always find happiness. Covet the little successes in life and forget the big disappointments. The simpler you can make your life the easier you find happiness.
I've taught my kids there is in here and out there. In here is important and out there is of in-consequences. Worrying about the world is a young persons game from 18 to 22, then you have running with the wolves from 22 to 30, while finding a mate. After that it's all down hill for some or a beautiful challenge for others like me.
But no matter how I look back, the main life tip I have for anyone is be happy with what you have and you'll be happy your entire life. I don't like greed, I don't always need more. I just want comfort. And comfort is being happy with what you have. Oh and pass on what you can, to help others. Of course. Brings happiness also.
I spent my first 30 years climbing the corporate ladder to manager of marketing & sales, in a 600 employee national company. Always in a plane going somewhere, for some important reason. Stress was life. But success was not a happy life. It ruined my marriage and I became a self employed single parent to be close to home and raise 4 kids. Took of my watch, stopped worrying about anything except what goes on at home. And happiness became CHUCKIE & family! Even though we often had to use water in the kids cereal, we were happy. No more top shelf sneakers, which we found never mattered in the first place.
So there's my nutshell story, take from it what you care. I will mention one thing you already are thinking about. Health become important after 60 in my case. 30 to 60 was a pleasant blink of an eye, being a self-employed single parent of 4. But empty nesting starts concern of longevity. LOL
OUCH Where do you find the time to worry about the world at 32? All I can remember about 30 to 40 is paying bills, rising rug rates and quenching my sexual needs. LOL I didn't have time to worry about anything outside the 4 corners of my house.
Have you ever thought about smoking a bowl of pot before bed each night. It helped me back then. Not meant to be funny. I'm a firm believer of numbing your brain from time to time, to relieve stress. And alcohol causes more problems the advantages.
I'm getting way off subject now. It's a night.
Yep and after the next world crisis, caused by the elite uber rich new world order, we'll see national ID cards and less privacy on top. LOL
What can us old fogies do, but die before it happens.
You need to find a way to find happiness now and not worry about tomorrow or you'll go nuts and become jaded. That was the last thing my father taught me. As the most intelligent, kind, and friendly guy became Archie Bunker after retirement.
I've learned as one gets older it feels like you lose control of ones life and it's easy to become unhappy. I fight that every day and so far have been successful, by understanding there is nothing I can do about the changing world. Just like every generation before me.
When ever I get up tight about change. I think of my teen years and mad magazine's spokesman Alfred E. Newman. And say; "What me worry!" and stick my tong out at the world, 3 times. It seems to help. LOL
Happy you had a chance to vent, we all need that.
Not sure why your fooling around with day trading big boards, but if you get more wins then losses, threw trial and error with day trade charts more power to you.
Just remember history from the 80's day traders boom. Showed most end up failing at day trading. I liken day trading like options trading. Complex but high risk reward. Only a few master the techniques require for long term success, though.
When one has a good handle at swing trading, I'd stick to what I do best. Can't knock researching new things. But think meat and potatoes vs, beer and pizza, when allocation of portfolio cash, in a new venture. Meaning keep it small. IMO
Now trouble in the US, I'll agree with. But remember the trouble is for the middle class not the rich. And the markets are run by the rich. LOL I mean look what they and the US corporation just did. LOL Completely screwed the working public with their derivative chit and hording corporate cash. Slowing recovery, with not one consequence, other then becoming richer.
Besides if your prediction does come to be, just short the market. At least the rich gave us a way to do what they do. LOL
I don't think it will be an up hill climb. I think it will be a continuation of the loss of our US middle class.
That's why I spend so much time trying to teach trading to the average Joe. You can't beat the elite, so join them. Get your money for nothing and your checks for free.
Do what the big guys do! LOL
Oh by the way. The move for a world bank and single monitory system, seems to come in 10 year intervals. So the new world order has a few more years before creating fear in the masses again. Be it financial disaster or new wars.
NO; minute charts are for day trading only IMO. I don't day trade big boards, so I don't use minute charts. But if I did, I'd use a 30 minute, so the retail sentiment has a little time to show up on the chart.
S&P is not largely over valued, with historic levels around 16 P/E and present P/E @ 18.7.
http://www.multpl.com/
Money flows have been out of other assets, into US equities and gold had it's short term pop approaching 1400, months ago and far from climbing long term.
http://www.finviz.com/futures_charts.ashx?t=GC&p=w1
I don't see it. The doom, but maybe some gloom later this year.
Glad you get it now. As that TIP, about when to take profits on an OTC run is probably the most important signal one should use, to save their ass, at the OTC! Sell on the red day following a high candle exhaustion spike.
It's been my experience that capital preservation is just as important as gains acquired, while trading. And the cost of a trade fee, to get out and back in, if the stock happens to break top resistance again, and continue, after retrace. Is well worth the protection from being caught in a retrace, which doesn't turn back positive again.
Bag holder are created by those not learning when to sell retraces. And a few dollars to exit and re-enter on confirmed continuation is what turns bag holders into gain bankers.
Never believe the PR story. Trade retail reaction to it!
Holding retraces because your sure the story is great, causes so much more pain then a small trade fee!!!
Really ALL reader.
Selling on the red day following a exhaustion candle is more important then any other factor of trading the OTC. Be it TA& charting, understanding and trading the OTC game, support/resistance, gap analysis, or any other reason to buy, hold, or sell. What creates successful pennyland traders is learning to sell!
YEP flipping is good! LOL
S&P up date chart - Here's a perfect example of trading the most recent short term pattern over the mid or long term patterns and how those patterns can morph into tradable swing trades.
The first mid term "V" bottoms failed to continue past throw back high, after target. But the short term symmetrical triangle did reach target. The second "V" bottom failed all together. But watch the shorter term symmetrical triangle.
Eventually as the long term wedge works it's way tighter, one should keep an eye on what short term pattern forms, when tight (ready to break). If it's any thing other then a continuation pattern, bet on a real long term correction. As the long term rising wedge is a dark omen lurking on all markets now. But can be saved if a positive sentiment, short term pattern shows it's head.
This is how to evaluate mid/long vs. short term chart patterns on big board stocks. Expect mid & long, but trade short. As chart pattern can & do morph as retail sentiment changes.
Yep, I'm still confident the S&P will break 1890 top resistance, even with the damn flux lately. And it's the most recent short term patterns which cause this projection.
Charting is in the eye of the chartist. One could call the symt triangle (pennants) with much larger projected target. I'm low risk. and trade the most recent pattern first. So once the symt triangle target is hit. I would look for re-entry on the pennant pattern target. Get the idea?
Not trying to argue the point. Some rising wedges do continue.
But that creates a failed wedge pattern and because the wedge pattern is a mid to long term pattern. The reason for the continuation and pattern failure, is usually a short term flag pattern within the final days of the wedge.
This is a point I've posted about alot. How long term patterns will morph into short term patterns. And one that trades chart patterns should always trade the most recent short term pattern over the longer term pattern.
This is an important fact to remember when trading TA & charts. Short term patterns first, mid to long term as support or concern.
Actually wedges are reversal patterns.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns
NBRI has a double bottom, but sloppy. .036 overall target. But with all the emotion seen recently in the price gaps and volume spikes. I personally wouldn't even watch it.
Good luck; I know you have had interest it this one for some time. I don't like the emotion. Can't trust any move when emotion is involved. IMO even if it moves positive could reverse on a dime.
Caution IMO