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So when you hear "time for the next leg up" it is often incorrect. And now I'll know.
got it. So a new leg starts from a lower low than the previous leg
So a leg has higher highs and higher lows correct?
I am looking for the legs lesson but cant find it
then 2? Time to review
you trying to steal my thunder? lmao
I feel like i'm in grade school again lol. Love the lessons though so I'm willing to put in the time if you guys are willing to give them. Nice fish by the way.
breakaway gap
NTS I'm not sure even 1 million in volume is necessary. Maybe the 500k day gets her moving
NTS gizmo....did you see how quickly it shot up just after the open? Volume will really move her to higher ground :)
When I asked questions they were always answered as well. I will save them for weekends or later at night so there is no interruption of the trading day. Just an awesome couple of boards with more talent than a novice could ever ask for.
we read them IAM...don't always post, but always appreciate
DEJ thanks for the dd! Looking forward to watching this one in the days to come.
Wow...just sat down to check out the board and its all green! Great day Orions!!! Huge day for some!
DEJ in @ 0.45ish
NTS Moves quickly for sure...low floater style :)
NTS...WoW! That was fast!
XFN the great thing about this one is there seems to be very few sellers. You don't see the bidwhacking. Perhaps symbol change will motivate the market to chop through those .49's? I see .49 is getting some love right now.
Do you have a DEJ chart handy? I scrolled back and didn't see one. Thanks
XFN looks like a decent wall at .49
XFN Looking forward to it, whether it be today or in a week.
Good to see XFN move a little...just needs volume
Thank you for the lessons posted here this weekend. Very generous to spend the time and effort! Huge congrats to all in DHT! KJ, your call officially went from good to great!
Just wanted to thank everyone for the lessons posted over the weekend. Thank you so much for spending the time and effort.
Good call on DHT. About to become a great call next week. Congrats!
Make it four. I have BPAX as well so its amazing i don't fall asleep while watching them. Its coming though.
Hoping I have to catch your lesson on Sunday morning. I try to teach my own lessons on Saturday night, and has nothing to do with stocks. Maybe details but no pictures lol....
yes. Your ADX lesson helped and just spending an hour or two each day looking at your charts has helped as well. This board also helped me pick BPAX and XFN and I'm green (slightly) in both and waiting for their moves. Simply watching the posts giving reasons for buying or reasons not to buy will prove invaluable. Great board! Looking forward to growing my meager capital and eventually joining you guys in more trades.
I wish XFN would look cheap at .60 instead of .40. Soon enough :)
I look forward to your lessons each day. Thank you for taking the time.
Thank you very much IAL. Great board!
Your chart makes the resistance on the weekly chart much more clear. I can see that CHK is sitting right on resistance and will either break through the trend line you drew or retrace. I see you drew a circle on the ADX and I'm wondering what I should be watching for there. I believe the +divergence caught your eye?
Thank you and yes it helped. Learning charts to trade big boards is so much more difficult than L2 trading pinks lol.
I am wondering if a chartist can help me learn something. I bought CHK at $21.80 yesterday. Before buying I was watching the daily chart and it looked to have a tiny gap near $21.75 to $21.80. Anyway, I bought the bottom and today it closed at the 50 MA of $23.38. I think it will break through that level so held with a stop of $23.25.
My question is how much emphasis do you put on the daily chart vs the weekly in a big board play? Any response would be greatly appreciated. Daily and weekly below.
[URL=http://imageshack.us/photo/my-images/208/chkweekly.png/][/URL]
[URL=http://imageshack.us/photo/my-images/833/24286289.png/][/URL]
Uploaded with [URL=http://imageshack.us]ImageShack.us[/URL]
XFN reports earnings on Monday, March 12 according to yahoo finance. Not that far out.
BPAX quietly having a nice little day.
Here are a few:
[URL=http://imageshack.us/photo/my-images/546/goldg.png/][/URL]
http://www.zerohedge.com/news/gold-vs-gold-stocks-goldman-releases-2012-gold-odyssey-year-ahead