Link to a thread I started before creating this journal. http://elitetrader.com/vb/showthrea...rpage=6&highlight=refreshing bid&pagenumber=1
These are some of my favourite free video archives: Channeling for building wealth: http://pr0crast.com/downloads/videos/instructional/Channels.For.Beginners-bundlemaker.wmv Gaussians: http://www.elitetrader.com/vb/showthread.php?s=&threadid=83604&perpage=6&pagenumber=637 Opening range indicator: http://puretick.com/video/rangesetup/ Fibonacci: http://puretick.com/video/entry2/ Flush out volume: http://puretick.com/video/volex/ Instead of just bragging about one's system or causing a negative stir here at Elite Trader, it would be nice to see some proof and genuine willingness to help other traders. If one is truly succesful, they should be able to produce a better free video than the ones mentioned above and not fear competition (since they should be filthy rich already). This rookie (me) is open to better ideas.
http://www.elitetrader.com/vb/showthread.php?s=&postid=989083#post989083 To go for our goal, we must work hard. We may pass this world only once and may not beat "father time" to our goal - however, our children may be able to continue the mission for us. Even if one could take their money to the next life, why not leave a good legacy for generations to come? Here's a link from another ET member: http://www.elitetrader.com/vb/showthread.php?s=&threadid=98648&highlight=juggernaut As I said to my former instructor at CTU, Tim, I can't afford any extras right now (I was referring to the live trading room). While in the ET chatroom a few months ago, I think I also mentioned that it is hard to be a one income earner ( I drive a transit bus full time), have 3 kids, and one wife. I try to spend as much screen time as I can to further my skill. Any help would be appreciated. ps. CFerret, I kinda miss our Russian conversation.
Question number 3 paraphrased: Is it illegal if everyone gangs up on one stock to cause a short squeeze? Scenario: If at least 3 different trading rooms ( each trading room probably has a squack box or a leader that calls out intentions in the first place) bought a certain stock because they saw buy indicators flashing in front of them ( with a weak broker as the seller/ax - as in bigbadbaz's post http://elitetrader.com/vb/showthrea...ge=6&highlight=live trading room&pagenumber=1 ) and bought at the same time (but not intentional - not called out), it is OK? If all these 3 trading rooms called out their intention to buy when the stock hits a certain range (+ or - few cents) at the same time (probably at the market) hoping to trigger a short squeeze - it would be illegal? How about the buy high to sell higher deal? Isn't part of the intention to trigger the stops of the shorts for them to buy and cover their position? Combine this with new buyers, long traders adding to their position, momentum traders jumping in etc. would most likely cause a short squeeze (especially if it is a low float stock with a high short interest ratio). Why would some internet sites advertise a short squeeze alert? Isn't the intention in there to encourage traders to pick stocks that would get pushed high enough to get the "sweet spot" triggered? If I were to short a stock at 9.99 with an automatic market stop to buy and cover at 10.19, wouldn't my stop be triggered if the price trades at 10.19 or higher (even if someone just bought 1 share)? Talking about 1 share trades that trigger stops, in your experience, how often does this happen? Here are ET links to topics concerning a short squeeze: http://elitetrader.com/vb/showthread.php?s=&threadid=53114&highlight=short+squeeze+trigger http://elitetrader.com/vb/showthrea...9&highlight=short+squeeze+trigger#post1333449 Thin markets can be exploited. http://elitetrader.com/vb/showthread.php?s=&postid=514185&highlight=short+squeeze+trigger#post514185 http://elitetrader.com/vb/showthread.php?s=&postid=231558&highlight=short+squeeze+trigger#post231558 http://elitetrader.com/vb/showthread.php?s=&postid=25606&highlight=short+squeeze+trigger#post25606
How much of a role does volume really have in determining the bottom? Standard double bottom as far as I know should have a larger volume on the left leg compared to the right leg. Just when we thought we already have a double bottom, a market maker could play a shakeout. Inverse head and shoulder 1st scenario: The left shoulder having selling volume exhaustion/momentum low (outside the bollinger band with big volume/ FTT on a downtrend channel/Wolfe wave #3) Reaction rally ( a rally touching or exceeding the midline of the bollinger band/ LTL of a downtrend channel) Lower low forming the head on lower volume (inside the bollinger band/a touch of the downtrend channel's RTL/Wolfe wave #5) 2nd scenario: The left shoulder having low volume The head having selling volume exhaustion The right shoulder having low volume Which is which?
Regarding Wolfe wave #5 I'm still not clear whether it is a fakeout or a selling exhaustion/volatility expansion that should accompany the pattern.
I'm currently watching HOKU. Weekly 8ma that I wrote down is 8.80 Daily support I'm looking at is 8.88 Intraday support I'm looking at is: 9.06 8.51 7.96 7.41 6.86