AEYE = great bounce on the daily chart:

TSTS sitting on the 50-MA:

Watching OSLH come down on the daily chart:

Still watching WSTI for possible bounce action:

I know! Irritating to have these shares sitting. I like that I'm getting some of my value back, assuming it holds, but I would have liked to have adjusted my average into the .03's before this explosion.

Wow, rocket launch on MDCND, up 93% in the first 45 minutes. Too bad I still can't trade my shares post R/S. Couldn't take advantage of the lows.

60-minute chart:

I completely missed that one. Wasn't watching ADMD.

My last 50-MA bounce play that I purchased just kept on falling and then did a R/S and I haven't even been able to trade it since then. As great as it is to play the charts, I always have to be reminded that these are OTC stocks and anything can happen at any moment to throw a stock into the basement. I love playing basement bounces, but I don't like being stuck with the stock BEFORE it gets there :-P

WSTI 60-minute chart:

MDCND tanker / 60-minute chart pincher:

WSTI sitting on the 50-MA this morning:

MGON closed above the 50, so that's good.
I got burned while not watching on Friday with MDCN. I had a buy preset at the 50-MA and looked after close to see that it had completely fallen apart after a filing. Ouch man. I wanted a quick 20% flip and now I have to worry about repairing my buy through averaging down on a bounce. Grrrr.

[img]stockcharts.com/c-sc/sc?s=MDCN&p=D&yr=0&mn=3&dy=0&i=p96424398406&r=1429359764536
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I had an order at .0015 (right on the 50-MA), but I saw there were a lot of orders there and mine wasn't getting filled, so I hurried and moved it to .0016 and got it just in time. If I hadn't been watching, I probably would have been a tick too low and slow.

I've missed a couple really good bounces (MDCN is one of them) because my buy was barely below the final low point (in that case, at .0102) and I wasn't watching closely enough to adjust on the fly.

Anyway, I probably need to set an initial buy a bit higher just to make sure that I'm not the last person waiting in line and miss out. Always learning...always learning...

Well, today I don't get to watch because of other work obligations. I have a couple automatic sells set, so let's see if I'm able to get out for a profit while I'm not watching

Have a great day!

Got some IGRW at .0016 on the drop to the 50-MA.

MDCN getting a great bounce off the moving averages:

NIOBF 60-minute pincher is opening nicely:

ALKM pretty pincher opening on the daily:

IGRW getting closer to the 50-MA:

NIOBF daily chart / tanker to the 200-MA:

ECIGD trying to bounce again. Can she do it?

MDCN daily chart took a while to move down to the major moving averages, but now she's nearly there. Looks interesting around .01

Watching FFFC come back down within the bollies, toward the moving averages:

Watching IGRW daily chart drop toward the 50-MA:

I actually do it myself with Stockcharts.com and http://www.otcmarkets.com/market-activity/current-otc-market

At that OTCMarkets website I go to the "Most Active" list and then click on the "Trades" box at the top of the list so that the list is sorted with tickers that have the most trades at the top. I click on "see more" at the bottom of the list to expand to see more stocks. I use this method first of all because I only want to watch the stocks that have enough trades to insure liquidity. I'm not interested in something that tanks 60% on 10 trades because I'll probably never be able to get out even if I buy some. Usually I only watch stocks that show up on the first couple of pages, since they have a few hundred or few thousand trades in a day and thus have liquidity.

OK, so while I'm looking at that list, I look for big movers in either direction...like more than 10% up or down and then pull up the charts for those stocks on stockcharts.com to see what kind of action they're getting. If they're moving up a lot over the last few days, then I'll start watching that charts, because what goes up must come down. If they're tanking, well then I'll watch those as well for a more immediate bounce. I just have a list of stocks that I'm watching and flip through the charts until I see something that looks like it is ready. If a stock calms down and isn't doing much (no volatility anymore) then I'll delete it from my list.

That's basically what I do. I haven't found a scan method that finds the OTC stocks that are rising or falling quickly within the parameters that I like, so I just keep that short list of about 20 movers at a time that I'm watching.

I should also mention that if something is rising very fast or falling really fast, I'm trying to train myself to do at least a little bit of DD before I pull the trigger. Though I play the charts more than the "hype" or the "story" on a stock, I've been hurt when I've tried playing bounces without looking at enough filings or news to find out that the stock has toxic financing, or is on the verge of being shut down, or whatever. It sucks to buy for a bounce then find out they're going belly-up the next day or get thrown to the grey market.

Watching MJMD for bounce off of 50-MA / 20-MA at .005

I've occasionally been posting charts that I'm watching for bounce plays, either from tankers that are setting new lows, or from pull-backs to support zones (like the 50-MA bouncers), but I haven't been posting where I buy or sell because I'm very busy during the days. So, here is a summary for those who are interested (yeah, you...over there in the corner...pretending not to read this board...):

Recently bailed out of ECIG at .52 with a loss of fees when double-bottom failed. Thank goodness. Still watching for future play.

Today sold OXIS at .041 after previous purchase at .034 (50-MA bounce). 20% profit.

Today bailed out of SIMH when bounce off of .01 didn't get any momentum. Small loss.

Still holding IJJP with average at .0013 for a 200-MA bounce. Should have sold at .002 2 days ago, but I had my sell order a couple ticks too high and missed the sell, so I'm still in and watching closely.

Still holding LLBO with an average of .0018 for a 50-MA bounce. She's a low volume stock, so it may take a while to get back over .002.

And I have a buy waiting at .051 for a nickle bounce on the current SCRC tanker. There is a lot of dumping there, so it could be dangerous, but it's far below the lower bollie and should get a nice "boing" at some point. We'll see what happens tomorrow after today's LOD close.

SCRC tanker / daily chart:

Watching for a 50-MA bounce on OXIS:

ECIGD double-bottom failed. On the way to new lows:

Watching for a 50-MA bounce on LLBO:

ECIGD trying to swing up from the .50 60-minute chart:

SIMH touched .01 yesterday and is trying to bounce today:

Watching for an IJJP chart bounce here:

VOIS tanker - 60-minute chart:

SNXG tanker - 60-minute chart:

Watching ECIGD (ECIG post r/s) closely to see if she double-bottoms:

SIMH still diluting to hell, but might be interesting around .01
Daily chart:

Watching ALKM chart continue downward:

ECIGD took a dive after RS. Daily chart on watch:

TLPY tanker - 60-minute chart:

Watching IFAN daily chart drop: