Would be great if you contributed something useful to this forum instead of polluting the board with an endless stream of redundant questions with no follow up.
Anyone with a truly worthwhile strategy...which is working for them, won't say. (atleast not in great, specific detail.) if someone is willing to share...then it must be somewhat wishy-washy gambley.
But your answers to this "redundant questions" are useful to people. There are a lot of views, so I believe people find it useful.
Ok, but please don't share my strategy, I don't want it to get crowded..... Buy stocks when low... then sell when stocks are high....
1. Earnings moves at the open If a stock opens up a couple of points typically the first move is down to the nearest point. It may chop around for a few minutes, then crash to a fig then start trending higher to some large size sitting at higher levels. Vice versa when a stock opens lower...usually it will get pushed up through large size a about a point higher for instance if it closed at 40. Opens down at 34, it will probably be pushed to 35. 35 will have a shit load of size..after it trades out, it might go up 20 cents or more, sometimes not...then crash. The more expensive the stock, the bigger fade move...like if tsla opened up 12 at 233, a good target would be to buy if it was pushed down to 230 Lately if the stock has been opening significantly lower like double digits it will usually bottom in the first hour then trend higher. 2. Intraday Fibonacci Fibonacci Fibonacci If you are not trading fibonacci levels right now you are constantly fighting programs. In a strong up move if the 23.6 retracement holds, chances are the stock trends up most of the day If the 61.8 holds, then you will get a nice bounce, but it's a 50/50 whether the trend holds or reverses after the bounce. Look for the other fib levels as profit targets for the bounce If a stock makes a 3 or 4 point move and starts aggressively pulling back do not try to jump in until the above mentioned fib levels Most of the fibonacci trades work on intraday highs and lows, do not calculate using the gap down or up. For instance a stock closes at 99 then opens down at 97, trades down to 91. Use the 97 and 91. I don't really look at more than intra day fib. The Forex markets trade incredibly well off of them. The longer time frame the bigger the move...I only concern myself with intraday when it comes to stocks. How do you know if it is going to work? You will see endless bids and or offers coming in. Not necessarily with tons of size but constant. As soon as bid is hit, another comes in...then you will see a pop or drop. If moves are really large like in VRX a couple weeks ago you can trade the fibonacci within the fibonaccis and predict with pretty good accuracy where things turn around When trading fib levels use a range, but do not get in early. The programs will make the fib level print before reversing. What I mean by using a range is depending on the thickness of the stock the price might be blown out by one large trade, but then the programs come back and defend it. Like tsla for example if the 61.8 is 223.76, a good chance someone will blow it out to 224 covering a short, so don't panic right away, give yourself a little wiggle room. This also goes for when fading a large move after a giant bid or offer trades out RULE NUMBER 1 Nothing goes up before it goes down, nothing goes down before it goes up...there is always a flush...do not buy tops or bottoms...you will have a chance to get in Levels....a HUGE percentage of time that a stock goes through a level it will go up a dime or 2 dimes passed the level then crash to the 75s below it. Don't be that guy that buys 44.00 through 44.20 then bitches out below the level then cries that it then goes higher. Large size on bids or offers trades out more often than it doesnt. The programs love to push towards large size. If there is a 10k lot or higher on the bid or offer chances are it will trade out....look for multiple large offers or bids going up the offer or down the bid.....10k at 33 then 10k at 34.....buy the pull backs and push ups until they trade out A lot of times these giant offers or bids are trend changing trades....if a stock is pushed up to an 80k offer and you havnt seen that large of a size trade out all day, chances are that's the top...or close to it....same with bids Non news Stocks opening down on low volume will tend to spike up and down to gather longs before eventually trending up. The reverse is also Tru for a non news stock opening higher on virtually no volume. All of these work both long or short. These strategies have been working for years. No, nothing works all the time, but these all high probability setups. Bitch about fibonacci all you want, but take some time to draw lines on intraday charts after big moves and most of the chop is done between these fib levels sometimes to the penny. It's insane how often the 61.8 is a great entry level Sorry for mistakes, typed on phone