<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=667105> I apologize for the delay in posting this trade. Power outages continue in Northwest, Ohio from flooding due to heavy rains, and melting snow. We have been without power since just before 1:00 PM eastern today until a few minutes ago. At 12:45 PM, actual volume for ANIK exceeded the previous day volume (PDV) triggering a possible buy signal. We focused on the PDV due to ANIK having the distinction of being in Dry Up and possessing a G33M4K Score of Zero. We had a slight price improvement of .01 ($8.61), MACD (+.0065) and The Stochastic Indicator (81.9955) both fell within desired parameters. As a result, we place a buy order for 1500 shares of ANIK at $8.61. 01/13/05 12:45:55 8.61 8.59 8.61 1500 We set a 5% stop loss at $8.18, and have a 10% target price of $9.47 Unfortunately, moments after setting the initial stop loss, we lost power. Now, allow me to digress here for a moment, and state the value of using stop loss orders. When power went down, I didn't panic. Battery back-up allowed enough time to close down the system, and the stop order afforded me piece of mind. Although the power outage prevented me from knowing, until much later, the trade did not require the use of the stop order, having it in place eliminated a great deal of concern. As a result, I highly recommend a battery back-up system and the use of stop orders. Unfortunately, power did not return until 6 hours after market close, and as a result, I could not set the target sell order. We will monitor tomorrow to determine if we should sell or continue to hold. We will also move the stop order up to break even at the open. - Spydertrader
BLTI has been added to the Final Universe List bringing the Total to 49 stocks Sevens - Ones - Zeros NGPS - ANTP - DRIV RATE - NTAP - LCAV CEDC - FINL - PMTI SFNT - LSCP - FAF CRDN - DVA - RIO FFIV - SEM - DRL STX - ESI - STZ BLTI - URBN - JUPM HIBB - MRVL - LEND DHI - BKS - UPL Hotlist ANTP NGPS BLTI RATE JUPM FFIV PMTI Watch List PACT - DU Cycle - DU5 ANTP - DU Cycle IDSA - DU Cycle - DU5 - Du10 BCSI - DU Cycle - DU5 UBET - DU Cycle LWAY - DU Cycle - DU5 ESMC - DU Cycle - DU5 - Du10 - DU20 CALM - DU Cycle - DU5 - Du10 - DU20 ALDN - DU Cycle - DU5 ULBI - DU Cycle GDP - DU Cycle HRT - DU Cycle - DU5 - Du10 PETD - DU Cycle - DU5 - Du10 SINA - DU Cycle - DU5 - Du10 NVEC - DU Cycle - DU5 SRVZ Wealth Lab Equations - Dry Up EBKR G33M4K Score for the above Stocks EBKR - 3 Gallas2 "Keep an Eye on These" Stocks BLTI (Attached) Dry Up Stocks with G33M4K Master List Score of Zero ANTP ULBI SINA NVEC (GOAM, ANTP, IDSA, NGPS, LWAY, HRT, VSEC & NVEC have float outside normal parameters) <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=667136>
Our system failed to generate any signals today either long or short as volume remained light across our Watch List stocks. I have moved the stop loss order for ANIK to break even - $8.61 - and continue to hold monitoring throughout the day. - Spydertrader
Thanks for the link, Spyder. This is very interesting, indeed. What is the indicator around VXO? Is that a Bollinger Band? Thanks in advance.
Yes, the grey lines represent Bollinger Bands, and the dots represent a Parabolic SAR. Hope that helped. - Spydertrader
Hmm, if you would like to see a good example how to use volatility for trading, check out this link: http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID715297 taiko50
Unfortunately, unexpected circumstances in the real world require me to travel this week. As a result, I expect a return to posting on Monday, January 24, 2005. Until then, good trading to you all. - Spydertrader
Thank you, Taiko. That's an excellent link. I borrowed the general idea from this page and I created the following chart. It combines VXO, its BollingerBand(10 day, 2 std dev) and JH's MACD(5,13,6). The green shaded background depicts up trends, the blue or purple shaded background shows continuation of the previous trend and of course the red shaded background shows down trends. Regards
Yahoo. Need I say more... Keeping up with their site changes is proving bothersome. In any event, I'm sure many were experience macro problems last night as I did. As usual, I've adjusted for Yahoo's layout change. NJOY Kindest Regards G33M4K BEginner