John, I wouldn't give up on your stock trading right now. There has been a tremendous amount of volatility this week in the equities markets. Such market conditions happen from time to time, and now is an excellent opportunity to observe how stocks behave under these conditions. Even if you do not trade any positions right now, you can learn from the setups that will come in the next few days. The benefit of this learning now is that you will be better prepared to trade under more volatile market conditions in the future. Another benefit of the recent selloff is that many of the stocks in our universe will form bottoms and offer us long opportunities in the coming days. Keep doing the work everyday so you are prepared to take advantage of these moves. The JH method gives an excellent methodology to take advantage of these opportunities through the use of channels, the PV relationship, etc. Take NVEC for example. The stock was in a nasty downtrend for weeks. Spydertrader even went so far as calling the stock a "piece of garbage". The stock then pops up approximately 6.50 points in 2 days last week. My point is simply that you never know when the next good trading opportunity is going to arise. A trader must always be prepared to take advantage when the opportunity reveals itself. Just my 2 cents. - Huskydog
Final Universe Update I have deleted the following stocks from the Final Universe for failing to maintain rank. ALY DXPE GIGM REDF STEC - Spydertrader
What an amazingly humbling experience trying to (1) draw the channels in RT, (2) being able to call the FTT, FBO and BO fast enough to (3) make the decision to trade. What I found out for myself: - I'm not even close yet! - FTTs do carryover and does provide perspective! (6 pt move today in RIMM). - I found myself struggling following the 5min bars and drawing RT channels in the limited time I could watch (both RIMM and ES) this morning back to the drawing board...
That damn piece of garbage stock went up almost a buck again today. For some reason, this turd won't flush. Enjoy the weekend everyone. - Spydertrader
Question: I seem to recall it was possible to add horizontal lines representing LDBU, DU, FRV and Peak volume with Quotetracker...If i'm correct, how do i go about doing that? Thanks in advance. J
Below is a chart of GROW. What I am trying to figure out is if the March 1st bar is a FTT. <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1382650">
Anyone still having problems downloading web data while using Wealth-Lab Developer? This Article illustrates how to change the default setting from Yahoo to MSN for Web Data. Hope this helps. - Spydertrader