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All runs last 3 to 5 day normally, no matter where or when the run.
Yea, I see longer term pattern reverse heads & shoulders.
.014 late flag, doubt though.
Check symbol can't get stockscharts.com chart to look at it.
If you have questions ask. just include a symbol if one is involved.
big boards I use Finviz.com, OTC usually check IHUB hot stocks or what comes to the board.
No idea up to dark master
No thoughts
I have had FITX on strong watch for a week, waiting for .11 resistance break entry.
How many times?
Never believe the PR story trade retail reaction to it.
Never chase a running stock.
A red day following an exhaustion candle spike is a take profits signal.
Every trade is planned.
Never pay attention.
Gone-a be way ahead of myself with this one. But checking for next Q's position trade. American Tower (AMT); a long standing watch and swing trade for me, is at an interesting long position in it's chart. Have like it since the 2009 market correction start and more since 2012, when it went REIT for tax reasons. Great management IMO. It's not a divvy play, less then 2%. Think it's kind-of like Sear's where they have more value in the property, then businesses owned.
I have a long position rule which says; when it reaches $80 it will hit $120. It hit $80 and is now forming a double top. Double top BAD, reaching $80 good.
The timing if the bad pattern fail will make it very interesting for a Q2 position play. It has a 5 year history of 225% growth, 3 years 60% and 1 year 15%. So it's a runner.
If that double top fails, which it looks like it will. A long term climb can be expected. Q2 will be interesting.
Ps; Very strong/good fundamentals also. 97% institutional, 18% profit margin and only 2% short, talking heads all have it in the 90ties.
Just a keep it on your radar post. AMT long, it's all about what happens in the next few weeks.
http://www.finviz.com/quote.ashx?t=AMT&ty=c&ta=0&p=m
Thanks but too much emotion for my cup of tea.
DDS up date chart
I missed something which helps with over continuation possible. Sorry. Looking better yet.
It has a shorter term double bottom pattern, with targets in a 2 trade play above the basing/stall channel.
Double bottoms you buy small at trend line break, for first target and go larger on resistance break, to second.
That play is still in effect.
DDS is a single bottom bounce plays with many large gaps involved, to help pull price up, like magnets. Interesting
Trade it like in the video, in and out at resistance points, but expect longer then normal basing/stalls between the gap resistance line and gap target close high line. While the retail turn around sentiment decides when enough is enough.
Average volume needed to expect darkside play is 100 mil for triple zero stock. IMO any price action with average volumes below that is probably a trading group buying low selling high. Picking up doubles now and then.
HESG is another one. As long as their playing .0003/.0004 one could try trading like the big guys are doing. But it's usually hard to get any low and takes a long time for your turn to sell high. You are 1 of many trying this game.
Good luck Don't recommend playing that game though.
Have no idea what stock your posting about
Thank you. For contributing. Correct.
Yes Also liked it.
Watched a older movie last night 2001 pre market crash caused by them, called The Bank, on Netflix, about the first "quints" programing banks trading houses computers, before it was everyday. And found it interesting the author placed banks/corporations management in such a blood sucking, let them eat cake, devils light. LOL Truth is some times funnier the fiction. Or is that backwards.
Have had plenty od doubles in pennyland. But can't recall the last one at a national exchange. Was cool.
Buy the way I liked Limitless also. Watched it a few times. Think I watch it again, right now.
PRPM
would someone look at this chart and give an opinion? Tired of repeating myself.
http://stockcharts.com/h-sc/ui?s=PRPM&p=D&yr=0&mn=3&dy=0&id=p04900218809
WBXU Yea, screwed ---- really need to stop making the same mistakes. BUYING the next hot thing, in front of you. Also make a big sign and put in front of your computer screen.
The #1 RULE for all trading;
NEVER chase a running stock !
The #1 RULE for trading the OTC;
Never believe the PR story, trade retail reaction to it !
Seems your so fired up to trade every day, you can't take the time to breath and study and develop a trading style.
Once that's done, you can stop trading what's in front of you and look for and only trade what you want.
You know there's no OTC law saying one MUST trade every day. That's a personal mistake well worth changing.
Oh yea, one more thing I'll repeat for the umpteenth time. Protect capital. It's as important as gains.
If you made a mistake correct it as soon as possible.
PS; Every day your asking about 3 or so new hot stocks, you happened to see. I really don't have the time to go over every single one, that pops up in-front of you. So don't expect a reply all the time. May not be in the mood for every one. Not snubbing you, just lazy.
No what I see is a musical chairs play where some big guy or trading group bought up 923 +/- million shares the 2 days before and sold it in todays manipulated pop he created. For his double.
http://stockcharts.com/h-sc/ui?s=AXLX&p=D&yr=0&mn=3&dy=0&id=p42574213571
Lets get into the nitty griddy
I say in a manipulated play the daily volume is made up of 25% free trading and 75% darkside.
The 2 days before 386 + 537 = 923 - 25% or 692 mil big guy shares now owned, probably bought at .0002, cause you can always buy high .0002, plenty of .0001 holders looking for the double finally. Rarely can buy lower at .0001.
So now, today he buys some at .0003 and gets a nibble, then starts selling to .0004. Volume today was 1 bil - 25% or 750 mil. 750 - 692 = 58 mil probably bought higher during the day to create the run, then sold at top EOD end of day.
Here's a post I just did about the subject.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97536035&txt2find=musical|chairs
LVGI chart up date - Game-Over-Loser
Just figured out what stock you were posting about. By checking your post history. While your play is fresh in your mind, I had no recall where your 5 mil comment came from.
I know you didn't ask for my 2 cents with your up date post. Like the original post response you didn't like. (link back) But I'll stand with my original caution on LVGI. I don't recommend buying before, but after.
We're discussing a possible manipulated darkside play which had it's attention pop and run start, now retrace. Yes you caught the knife at first bounce. But due to the weak volume, I don't see the darkside involved with that bounce YET.
So for now IMO your still early before continuation breakout. Darkside continuation is still very possible, if the dark master does have more shares for sale and buys a second flag continuation break.
But as of todays bounce, the stock chart looks free trading. With only retail involved. The lower volume says that. And if one was trading the chart, not expectation. Most all my TIPs are leaning toward a gap fill sell, and re-entry on expected continuation, when that happens, by breaking the flag top resistance on increasing volume.
What I'm posting about is capital preservation. Plan the trade and trade the plan. IMO the trade was a FIBs first bounce play, which has reached 38% FIBs target from 61% first bounce. With the added probability of gap fill to .0017 profit taking point.
Seems my trading style doesn't match your higher risk style. As I teach trading in & out on pattern plans and protecting gains along the way. While you buy low before reversal and hold for as much as you can get.
Here's a chart showing my style and reasoning. May be food for thought. I'm not saying my way is better then your way. If you have a consistent successful record trading your style. Keep doing it. Just offering a lower risk strategy to look at.
This chart eval is telling me sell .0017, re-enter expected dark play once it happens and buy back in at .0023 top resistance break. The concept, protect those gains, if dark continuation happens there will be plenty gains to come. If not, you have 1 winning trade in the bank.
No Prob on my side. I just made 10 grand on a lightning strike myself. It happens. Just not to me, as often as you. I have no luck. I now know the feeling of being a lucky trader, which always eluded me until today.
Happy for you gains. That's the gold and if one gets gains consistently with their trading style, I always say "repeat what works for you."
"V" bottom pattern and more Video.
PS, on SBGI if you remember my video on single bottom bounces a reversal point is a strong resistance point. So looking at the over all mid term play. "V" bottom 1st target is a reversal candle and should be a strong basing/throw back point. Make sure to use 31.50 as swing trade target IMO and don't re-enter until the throw back high is passes on increasing volume. Where ever that price level may end at.
Because 31.50 single bottom reversal candle has strength and may allow a fake bounce, which doesn't continue past throw back high to 2nd target. If this make sense. Let me know if you don't understand the trading logic for re-entry caution.
Lightning finally decided to hit me. And on the big board to boot. Can't remember the last time I was happily struck.
MVIS just gave me a double when I checked my portfolio this afternoon. Hit the market sell in seconds. And it proceeded down from $2.92 to $2.60 now. I guess that made me double LUCKY today.
Top all this off and remember me posting the other day "I've been seeing 111 all the time for years." Well guess what my gain ended up being. 111% LOL A triple LUCK wise. Nice profit also, as it was big board and I had some cash involved.
You can't even see the pattern I was playing with log scale on in the chart. LOL 1.37 to 2.92 Great day at Chuckies house.
http://stockcharts.com/h-sc/ui?s=MVIS&p=D&b=7&g=3&id=p90502241327
SBGI
Don't know your trading plan on SBGI as it's pattern wasn't a positive one. But the fundies look nice. And chart wise, today crosses the 61% FIBs on a bear flag. Changing it to a "V" bottom with 31.50 as first target. Helping your play, it has a mid term single bottom top target to 37+/-. Making it a reversal type "V" bottom. But no gap magnets above, pulling at it. So second "V" bottom target may be it.
http://stockcharts.com/h-sc/ui?s=SBGI&p=D&b=7&g=3&id=p10660515453
V bottoms normally continue past top resistance target some and throws back, then continue up with new target,. So once top resistance target is reached. Their usually good for re-entry. I personally conceder the pattern a bear flag until 61% FIBs retracement is broken. My personal entry point, which is late per many others with higher risk level. I just don't like testing a bear flag till it had those 4 resistance levels below.
"V" bottoms can be either reversal or continuation patterns depending on prior trend. A versatile little pattern. Both reversal or continuation, Plus 2 trading targets.
Pardon the French, but it's the best example I've found visually.
Nice fill the down side gap. But expect it's retail not darkside. Probably see it stall for a while and work it's way down some. As it is an attention pop.
The thing with these is the dark master wants the volume attention more then the price. Retail can play up a little, down a little all they want. But you usually don't see the darkside step back in and help unless the volume interest falls off.
You've now seen 10 days over 100 mil wanted for a triple zero stock. Soon the 30 day average will come up and if this is a real darkside driven play, in a few weeks to a month or so, you can expect an real run bought. If volumes fall off expect another 3 to 5 day price pop to get retail hyped up again.
It's the game. Draw attention, keep volume interest up while finalizing funding and run it when deal done and shares in hands of VCs.
I have to admit, I stole my tin foil hat idea to protect my excellent brain from darkside bad vibes. When gum shoeing OTC company happenings.
Guess what, time for another ginger brandy & ginger ale. One of those nights.
Yea story of my life. Use to not getting what I want. No problem. We'll see it happen sometime. I have one of those future thinking minds. Always want things I dream up, before it happens. Could list a dozen ideas which came to be every day things, years before.
Guess that happens to many though. Back in the late 90's I designed a web site where used car dealers could list their inventory on the lot. Couldn't sell one local customer. Now look at car buying on the internet.
When working for Honeywell in fire & security. Used a focused motion detectors to link in with car transmission revolutions and calculate when your following to close, digitally. (have computer/electronics back ground also) Couldn't sell one. Now cars warn you when you drift across the center line in the road, when being passed, and of back up points. I could have done that back in the 80's LOL
A man before his time. LOL
Darkside Pump & Dumps which run under 3 months, before they sell all. Rarely hover, once they stop feeding the emotional buying higher frenzy. They come back to around the starting price fairly quick. It's all about how many shares the VCs have for sale. And if you don't research that number. The exhaustion candle reversal is a pretty good indication as to if they have more for sale or not. Flag stepping up is one thing. You can expect continuation with that. But parabolic surges is usually the dark masters run to the finish. Seen in an exhaustion candle. Red means the retail herd can't buy more higher, because retail doesn't sell in runs and the dark master doesn't have any left to feed continuation.
Premises; you can't buy in higher, if no one is selling. And only big guys sell higher. The pennyland herd buys.
Wish IHUB had a signal when someone that your following, posts on another board. To keep up with their new interests. Probably way too much to ask. But I think it's a good idea. Screen switching to post stream and favorite people is a pain for someone as lazy as I. Plus it doesn't go back very far using that.