NG... Appreciate your feedback; I do not mind comments at all as it helps me with my journey. Did get stopped out at $26.95 and had a buy stop limit at $27.20 (double dipping again) as I was thinking $27 should be BO as per my chart view. Again, since I cannot monitor the markets during the day, I wonder if this line of thinking is just inviting added risk should I get filled and it reverses sometime during the day. Attached is my "view". It appears that I may have drawn my trendlines too tight? thoughts anyone? Spyder? As always, appreciate the feedback.
If possible, you might want to change the colors of your volume bars to show the black / red colors scheme. Following the Gaussian Formations outlined by Jack provides added insight when determining the location of an FTT. In addition, adding a 'taped' channel for the final two bars of your chart often indicates the location of an 'early exit' in case things go sour in a hurry. Lastly, it might help you to begin to annotate your charts - showing the FTT locations, as well as, Gaussian formations. Doing so may provide you with the added benefit of learning to trade 'between the FTT's' for the future. Good Journey to you. - Spydertrader
This is long, long over due as I've been following these journals since a couple of months into the 1st one. I just wanted to say how much I appreciate all the work and effort put forth by Jack, Spyder, Mak and all the good people who have have contributed to this effort. I have learned alot and look forward to continuing the journey. Who knows, maybe I'll have something to add myself. Many thanks, -JC
DU's for tomorrow: COGO GIGM IAAC NVEC SIM. Chart for SIM looks good as long as it can break above the 20SMA, it's also almost 15% into its next run-up. Will be watching these as well: FTEK OMRI DXPE LQDT PCCC DTLK BITS
Thanks Spyder. I am still not clear on the Gaussian; will be doing more reading on that. I have the colored bars on wealthlab charting program but i cannot change it on this Question for anyone: Can the Quotetracker give you DU volume alerts? Thanks and good trading tomorrow. I got COGO GIGM IAAC MIKR NVEC and SIM for DU Im watching REDF CRZO XING ASCA SWFT OMNI HWCC and IAAC
Yes it can, to set them manually go to alerts and choose column as alert type, the sub window will then offer you additional choices, choose volume and enter the volume level.
My DU3 shows the following to watch for today: ACOR BITS COGO GIGM IAAC MIKR NVEC SIM XING I think I only differ on ACOR BITS and XING so far. ACOR may or may not meet criteria. It is an 80/80 stocktables.com stock. I only have a minute to post so I have no time to eliminate it if needed. The other symbols I'm confident that my steps were correct and 100% by the book.
Well, now with some chart analysis out of the way, I can say I will only be watching: ACOR BITS COGO GIGM SIM XING I will look to buy SWFT and/or HWCC again. The only stock from the watch list that I'll consider buying is ACOR or COGO as I already own the others plus DXPE from last week. SIM just opened now, 0843 hrs CST. Anyone know why it opened late? It was a little unsettling as I took a large position in it on Friday as I loved the daily chart and the 30 minute on Friday last week. BTW, it looks like GLW is going to run some more this AM. I commented on it on Friday.