Bryn Resources Inc (BRYN)

[rebeccaha]

As a reply to your previous message to me about strategy. I don't have much but I did acquire some along the way during trading. On my chart I like to have parabolic sar, MACD, Bollinger bands, RSI, Money Flow Index, stochrsi (stockcharts), %williams. I don't use ADX too much or the other stuff but I do randomly look at them. The one I use most is understanding candlesticks because it tells me a picture. For entry/exits, I usually use the bollinger bands and 200dma and parabolic sar and MACD (whether the histogram is ascending or descending). I look at the daily/weekly and preferably monthly chart to see which direction the stock is heading. Another thing I try to use the pivoting methods help with how far the stock will move based on previous movements. Understanding the fibonnaci is important to know about the retracements.

It's confusing I know. But when I used to play the big boards, there was a lot of movement and alot of them I made money on instincts daytrading. For pennystocks, I only swing trade unless I know the stock is not moving too far I want to daytrade. Daytrading has its perks if the spread is wide between bid and asks.

Lastly,if you don't have a L2, you need one. I never trade without it anymore. It's too dangerous. Hope that helps you with your stock on BRYN. I can only read private messages, I cannot reply to them. I'm sure there are other experts that can also help you understand better. But I took the time and trouble learning the technical analysis and chart reading because they are necessity in trading. I am not a teacher so you need to find them out on your own. Go to stockcharts etc. I merely share with you the little that I understand.