karennma 8,057 posts msg #125612 - Ignore karennma |
10/16/2015 11:37:04 AM
Geesh! Look at TWTR 1-minute chart.
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johnpaulca 12,036 posts msg #125613 - Ignore johnpaulca |
10/16/2015 11:54:59 AM
TWTR...probably news driven, seeing lots of buyers.
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johnpaulca 12,036 posts msg #125614 - Ignore johnpaulca |
10/16/2015 12:03:44 PM
karennma
5,598 posts
msg #125610
- Ignore karennma 10/16/2015 11:23:10 AM
JP,
I am totally brain-dead.
I'm just gonna trade your picks.
Don't make a mistake.
LOL!
*********************************************************************************************************************************
you're not alone, trading paralysis happens to all of us. Take a break, try some paper trading until you get your mojo back....glty
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johnpaulca 12,036 posts msg #125615 - Ignore johnpaulca |
10/16/2015 12:15:25 PM
SPY....we're right at resistance, next week will be interesting...3rd time at BB125 is bullish, but we have BB40 converging this what makes it interesting...stay tune.
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karennma 8,057 posts msg #125617 - Ignore karennma |
10/16/2015 1:19:02 PM
TWTR break-out for sure. Going to $35 IMHO.
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four 5,087 posts msg #125618 - Ignore four |
10/16/2015 3:23:04 PM
JP
look at THC daily. Less risky when you see these washout bars, stops were taken out by market maker allowing them to buy it cheaper.
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washout bar = tall red candle ?
And then wait for white candle before getting long?
Could you pinpoint a date from the attached chart as a specific example?
Are you thinking like this from the article... http://www.hardrightedge.com/tactics/dynamics/artoftheexit.htm
Why? Because big bars create short-term overbought and oversold conditions. They're often followed by days or weeks of contrary movement that retraces the price levels crossed in the bar. I'd rather have that money in my pocket than wait for the next leg of a selloff that may never come.

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johnpaulca 12,036 posts msg #125620 - Ignore johnpaulca |
10/16/2015 3:57:23 PM
@4
Yesterday's bar was a washout, it occurs at support after a downtrend move. I mined THC, M, KSS, GPS etc from a weekly oversold timeframe then look for money flow into the stock. The next step is to look at smaller time frames 150-min or your favorite timeframe to get a feel who is controlling the stock, trading with the trend is crucial so keep an eye for the direction of the SPY....hth
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johnpaulca 12,036 posts msg #125641 - Ignore johnpaulca |
10/19/2015 9:44:08 AM
GPS...money starting to flow into this.
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johnpaulca 12,036 posts msg #125642 - Ignore johnpaulca modified |
10/19/2015 9:57:56 AM
SPY...trying to get to 202.84(median BB40)...should give us a median line of 202.48
EDIT: high at 202.9...median line is 202.51
202.51....this line will be tested by the 2nd bar(27-min chart)...if we stay above this line bulls are winning the intraday battle go long for scalping.
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johnpaulca 12,036 posts msg #125643 - Ignore johnpaulca |
10/19/2015 10:14:13 AM
AMBA...entry $56.61 for my long scalp
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