Thanks for posting your evaluations for this morning's signals gooch87. Anyone with the desire to do so, should feel welcome to post their thoughts as well. FORD also looked quite promising early this morning, but reversed course and headed south in a hurry. Many of us have made similar mistakes. About a month ago, I forgot to set my trailing stop before leaving the computer for a while. I returned to find my unrealized profits had evaporated after price had reversed while I was away. Nothing like allowing a nice winning trade to turn into a break even trade. Bummer. - Spydertrader
You should use whichever method best suits your trading style, personality and equity curve. - Spydertrader
Thanks! Spydertrader. P.S. GMXR were actually stopped out this morning. I think I did not to hit the confirm button (half-hidden... need to scroll the window) when changing the stop... haven't traded stocks for some time.
G87, I was tracking them also and did not get an entry signal either as they did not meet the conditions you mentioned, and LIFC did not show price improvement from yesterday. I did not get any sigs today. I was tracking: FORD KNDL LIFC NGPS NTRI NURO I was long PTC from yesterday and the trade is still showing a gain. DS
I long NTRI because I try to get ahead of you guys... now I am stuck with it It turns out the stochastic backed off when lower band met. I think NTRI (Nutri System?) is gonna make my wallet thinner.
I also went long NTRI. MY stoch was above 80 (at the time of entry), and MACD was + on the 30min chart. Volume was big off the open, and the gap up was less than 5%. Why wouldn't this be a valid entry? I know that by the close of the bar, Stochs were no longer near 80 or above, but I thought we were only concerned about the entry. If it is at 80 or above at time of entry, then it is a go (along with +price and +MACD). In any event, this one looks like it may cross FRV by EOD, and since it never hit my 2% stop (yet), it looks like it's going to be a hold.... If NTRI is technically not a valid signal, I'd appreciate knowing why....lol
That's from reading gooch87 post. I did not really look where stochastic was when the lower band volume met. Maybe I am OK then! Thanks. Actually I have a question about the order of events, if lower band volume met first and then the stochastic follows, I would think that is a valid signal but not the other way around????
mrpace- I was watching NTRI also, but did not get an entry as the MACD was never positive on my chart. DUV was exceeded on the first bar. DS