Note the attached Charts. Price remains within the blue up channel (30 minute) and within the black taped channel (daily). Although we did not see increased Black volume today, price remains within the taped channel on both timeframes. As such, we can afford to hold IAAC another day. Even though today's bar (candle) appears as if it could be an FTT (taped black channel on daily), the relatively low volume levels combined with price failing to move higher or lower (compared to the previous day high and low), indicates the possibility that we have a flaw. In the futures thread, we would consider today's bar (candle) a flaw (specifically a 'stall'). We hold through all flaws - waiting on the next bar to provide our 'confirmation' of change, or confirmation of 'continuation.' - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1398712>
Many use Quotetracker or Qcharts for their charting. Qcharts also provides fundamental data needed for the culling process. I use MBT as my broker. - Spydertrader
Thanks Tim, checked prophet.net and those spikes are not present either... damn shame if dirty data is the cause of exiting a perfectly good trade... cheers. Edit: just did a forced backfill, and IQfeed have removed the two bad quotes from their data.
Ya, I have noticed in the past that a considerable spike will appear on the charts from time to time. If i see one of these i clear the chart data and backfill and its usually gone.
Hi All, Long time since my last post, but Mischief has really identified something here that alot of us tend to overlook at times, me included. It is sometimes difficult to find earnings dates for stocks. I look on Yahoo and earnings.com, but sometimes companies either do not mention when they will release their earnings, or the sites I am looking at do not have accurate info. DXPE is a perfect example. For those of you that were in the stock at close today, well done, you made a great profit. But that trade could have as easily gone the other way. I did not see advanced earnings notification for DXPE. Does anyone know if there are any sites that provide better information on earnings dates? Pay or free, I'm not fussed, I just want accurate info... Cheers,
I saw that DXPE had earnings today with the following useful tool. I run all four data sources on all my potential stocks each evening. It works well. http://www.thercproject.com/hershey/funcs.asp I hope this helps.
I had used that before, but found I was not getting any results. Clearly this is not the case. Thanks very much OT Cheers,
Cipher, What I do now is just put all the tickers that are in 'dry up' (explore the new improved script and it brings the stocks up) and then just get quotes for all of them from finance.yahoo.com Below the quotes is a list of news items for all stocks that goes back about a month. The earnings announcements are invariably in there. I saw DXPE had an earnings announcement last night via this method. To overcome this, I would have either added the stock to the 'intrades' watchlist (new script) or removed it from the dry up list (old script). For what it's worth, I didn't trade last night, just trying to get my allowable day trades back up to 3.
Enjoy the weekend everyone. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1400168>
Price remained within the black taped channel again today (Daily) and within the Blue Up Channel (30 minute). A slight increase in volume over the previous day, but not enough to cause price to move in a huge way. As long as we continue to see profits (Price remains in the up channel), we continue to hold. Note circled areas of charts. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1400234>