That's about the level I'm at, maybe just intermediate. I'm also annotating the ES during the day. However, IM's and me do not get along. I'd be happy to continue posting here however. And as a side note, here's the market setup for Monday.... Those thick red lines are looking scary for my 2 equities... LOL. Edit: Oops, looks like the volume bar for Friday isn't there. Well, that's Quotetracker/IB feed on a Saturday for ya. Anyways, it's lower down volume....
Final Universe Additions EGLE ENG FED GAIA GKK IMMR NCMI PRXI SKX YTEC Final Universe ANW ASIA ATV BCSI BHS BKI BONT BPHX BTJ CALM CHDX CMED DBTK DRYS DSX EGLE EMKR EMS ENG ESEA EXM FED FMCN FTK GAIA GIGM GKK GLNG GRA GRRF GSAT GSOL HMIN ICOC IMMR JADE JASO JRJC KMGB LAZ LPHI LXU MALL MEA MTH MTOX NCMI NFI PRXI PTT QMAR RWT SFLY SIGM SKX SNCR SNDA SNHY SOLF SSRX STAR TASR TBSI TGIC TRCR TSL ULTR VDSI VSR XING YTEC Monday Dry Up ANW BCSI BHS BTJ CMED EGLE ENG EXM FMCN FTK GLNG GRA GRRF HMIN LPHI MEA MTH MTOX QMAR SKX SNCR SNDA SNHY SSRX TASR TGIC ULTR VDSI VSR XING YTEC - Spydertrader
Just got in SNHY on Unusual Volume signal. Right now not lookin to good, got in around 32.10. Thoughts, comments. I'm posting my chart. Missed out on FMCN signal cause I was too slow. EXM is lookin great though. According to my analysis SNHY is currently in a dominant up channel. I am looking for increased black volume today. A good question here is did I get in too late and could I have caught that move two days ago when the green bars started.
Looking good so far, eh? Up 3%.... But keep in mind that it's always best if you can get a stock in the bottom 1/3 of its' channel. Spyder had a comment about this, I believe in Journal 1 about his increased success when he took these trades. I also believe - but not sure - that he said he would take a smaller position or shorter trade duration or something similar to reduce his risk. Keep up the good work. Edit: Also keep note of where the stock began its' run. This appears around 27.50ish.... A 20% run puts it at 33.00, so keep this in mind.
I skipped SNHY because it looked like it was too close to the left trend line. Got in FMCN and TGIC on low band dry up signals. Good job on EXM!!
I dumped my shares in SNHY... got too nerve wracking for me when I looked at the daily chart. Didnt like how much the daily had already moved up in the current up channel. Saw minimal upside and maximum downside. But I did pick up two stocks on Unusual Volume signals which i feel might be a little safer for me right now and look to be in good shape channel wise. I got in SSRX at 16.60 and TGIC at 10.35. As I'm writing this looks like SNHY would have hit my stop anyways according to beginner levels. Also since my equity is not too high right now the SSRX and TGIC plays look safer and more affordable at the state Im in right now. Posted my charts. Look forward to hearing from everyone. In my SSRX chart, I feel that it could go either way meaning we could see increasing black volume today which would be good or it could be increasing red volume following the current decr red volume and confirming an BO after the labeled FTT. in which case I would likely get out.
TGIC looks pretty good right now and I'm up nicely. Also looking for increased black volume on this one confirming a traverse in the current blue up channel.
Pathetic volume today, looks like it may have problems surpassing Thursday's volume, so I bailed at 14.18. No need to be piggish. +13.7%
Bought ASIA 11.41. Very early entry, I may have to bail on this one. We'll see what the day/ES brings...