mtut Wrote: ------------------------------------------------------- > For a signal on an e-chart, do you look for the > sma5 and sma10 to be crossing the sma20 at the > same time? No I do not look for them to cross at the same time BUT I do want them both to cross. > > I sat my chat to signal when either the sma5 or > sma10 is crossing the sma20 and the other hby Darcy2 - Trading Discussion
Thanks for the welcome back. I use between $2,500.00 to $5,000.00 for trading. S/O uses twice that...or more. He's a gunslinger though and I run the boarding house! I make between 25% - 100%+ on my trades and I am happy with that. Searchng this morning for those signals. Congrats on your success. I am very happy 4 u.by Darcy2 - Trading Discussion
HRFP on 55 and 21. Esignals on the 10, 5 and 3. Bought 5 Aug 140 put contracts @ 10:24 AM for $5.55. Sold @ 11:38 AM for $8.45. (Also note RTT has BIDU down 7 of the last 7 years....Once again RTT scores ) Profit for today $1447.86 Something new I added to my E charts is a Bollinger Band in very light blue length 1. It almost fades into my background. In this "fast" time I wantedby Darcy2 - Trading Discussion
Thank you for the welcome. Watching the market today (8/5/13) is harder than watching paint dry!by Darcy2 - Trading Discussion
Hello Chairman... What I use is "Stock Trader's Almanac". You have calendars that allow you to make notes. It is loaded with information. You buy it each year. I get mine from AMZN. Example... My 2007 gave me a sector index seasonality table There's information galore in these books and as I said they have room to write all the information you need while following the mby Darcy2 - Trading Discussion
...and because it has I am taking today to watch and re-aquaint myself to the market. I haven't been able to keep up with all the news or see my charts. So I'll be examining, marking my earnings, and looking for gaps and movement as well as looking into past news, and getting back into the "feel". Family is well but S/O and I are exhausted. Thanks to those of you who sent personby Darcy2 - Trading Discussion
Honestly I wasn't even looking at TSLA my S/O was. I took TSLA out of my basket simply because it moved before the open and usually fell flat during the day. S/O was watching it and asked me what the news was so I looked at Briefuing and found the major downgrade by GS. I knew this wasn't some off the wall company downgrading TSLA. What made me believe the trade would go our way was the candleby Darcy2 - Trading Discussion
I have to laugh at this one. Having seen TSLA sky rocket before the open and then go flat I wasn't all that interested figuring it was a headfake foreign trade of some sort. I thought it would fall but not crash! But this morning my S/O watched CNBC and saw TSLA going across the ticker often. He saw TSLA down $1.29 and continue the down. So he prodded me and asked if there was any news.by Darcy2 - Trading Discussion
Although RTT listed BIDU up from July 19-26 the chart that RTT gave caused me to look at BUDU yesterday. So when you check the stock list at RTT look at the charts they provide. The move may be happening a little earlier than what is listed. What I liked about this trade is the 20 moving average was support. The MACD was bullish RTT called an up trend. The Daily was agreeing with RTT's call..by Darcy2 - Trading Discussion
**Addendum since I was asked...this trade was 7/11/13.....**by Darcy2 - Trading Discussion
Thank you robert and Traildoc... Way to go Traildoc. Chalk one up for the team!by Darcy2 - Trading Discussion
I recently watched the movie about the 1980 US Olympic Hockey team "Miracle on ice" team. In this movie was a great quote which I copied off and stuck on my computer screen. I wrote it a little smaller so here goes... Success breeds confidence. If you are practicing trading get your successes up (GW said 26 in a row) and you will have confidence to trade real $'s. Just wanby Darcy2 - Trading Discussion
Bought NFLX yesterday 5 - 230 call contracts for $7.70 held over night because it hit my $234 level and sold this morning for $14.85. I seldom hold over night...I mean I SELDOM do but with NFLX I was sure it was going higher after it broke my $234 level. Like Rookie I LOVE NFLX. Profit 92% Done for the day.....by Darcy2 - Trading Discussion
Good sniper trade. I like to use the daily on NFLX as well since that is where the gaps are that tells me for the most part about where this stock is heading. Putting my neck out but from all I see on the daily NFLX will hit at least $233 - $235 before another strong pull back. NFLX came back to close the gap (daily) and used the mid-gap of 4/22 - 4/23. Makes me take a closer look at NFLX earby Darcy2 - Trading Discussion
...ah this is the time to go somewhere so we are. See ya'll later...by Darcy2 - Trading Discussion
I have been watching NFLX fool around with those Daily gaps. This market is getting hung up on the moving averages. They really need to bust through on the 55 before we'll see some "real money". But I am happy with the trade. Glad you traded AAPL and made some ca$h to fla$h! Good trade!by Darcy2 - Trading Discussion
There was several things of note concerning NFLX.by Darcy2 - Trading Discussion
Shannon S Wrote: ------------------------------------------------------- > Darcy, > > 1. How did you come to be interested in verizon? > In the past it didn't seem very volatile and am > curious on your thought process to start checking > it out. I checked VZ because of the spying news. I actually thought that news would bring the stock down. I liked the fact that moby Darcy2 - Trading Discussion
Virtual Trading...67% profit VERIZON COMMUNICATIONS 06/28/2013 O STC VZ JunWk4 50 Call 45 $1.06 $67.50 $4,700.89 06/25/2013 O BTO VZ JunWk4 50 Call 45 $0.61 $67.50 ($2,814.02) 1,886.87 Total Realized Gain/Loss for VZ $1,886.87 Entered a little after 2:07PM on 6/25 on 55 chart after gap closing and mid way through 200 ma on 55 chart. Because it was virtual I remained in trade during the sby Darcy2 - Trading Discussion
@TCB Examining your 13 chart look @ 9:56 is when your trade began. @ $11.09 stock was having a slight pull back to flat @ that price. Note the 5 moving average on your 13 chart @ 10:48 AM. 5 moving average towards the 10. Look at 5 E chart at about the same time frame and you will see the start of a pull back. This is the first sign of an entry a little too late. Your exit was fine considby Darcy2 - Trading Discussion
@ TCB....................... I bought $11.00 July Puts (30 contracts) @ 9:45 for .91 sold a little after 3 for $1.28. My option at the time was ITM. The option went to $1.40. On a small $$ stock like WLT buy ITM. I seldom buy OOM unless I am buying time and as you know me ...I seldom buy time. Look at your trade on the 55 chart. You got out at the pull back on a 55. Not always (as you wellby Darcy2 - Trading Discussion
I hate big opens. They will mess with your head. BUT I use the charts regardless of the open. Not all stocks trade before the open or after the close. I traded WLT down yesterday and cleared a little over $1,000. However most of my trades happen between 9:50 to 11:30 with the majority within this time frame being around 10:15 to 11:30. Generally by 9:45 I have narrowed what I am interested inby Darcy2 - Trading Discussion
In the morning I read Briefing.com on upgrades and downgrades. If any of these are on stocks in my basket I copy it off and paste it on my 55 chart. On my 55 charts you will find a red dash line for gaps, solid red or green lines for support or resistance, purple dash lines for trend, solid purple lines off a 50 or 200 moving average and dark green dash lines for earnings with dark green dot lineby Darcy2 - Trading Discussion
I generally look at my charts Mon-Fri and then on Sun around 7 or 8 PM. I go down my basket beginning with the futures, into the Dow, Nasdaq, and S&P then my stocks. I quick glance the 55 and daily chart. If I see the 50 or 200 moving average as resistance or support on either of these charts I write it down on a sheet of paper, and mark my chart with a red or green line thickness 2 for suppoby Darcy2 - Trading Discussion
cheetah, I am in my trades for a short time not because I use smaller charts but because mostly I do not like holding over night. I have at times held over night when the Daily is so strong and is telling me to remain. I just don't like to hold for any length of time perhaps also because I am able to watch the market from open to close almost all the time 5 days a week since I work at homeby Darcy2 - Trading Discussion
Okay I went and got my GW manual for 1-5. This is 1-5 only so I have no idea what he says for any other class. PUT RULES #5 ..."Buy put options that expire one month beyond the month you are in" written by Gary Williams The stock market is designed to go up. Our economy is designed to go up. (That info comes from all the books GW asked us to read) According to my notes beside thby Darcy2 - Trading Discussion
BTW why did you buy a PUT so far out in time? Gary's 1-5 rules said don't buy PUTs furher out than 1 month. Just wondering....by Darcy2 - Trading Discussion
trendtrader1 Wrote: ------------------------------------------------------- > Hopefully she will confirm - that sounds pretty > close to what I've heard her describe. I'm > interested in trying that approach with bigger > chart timeframes for W&O trades. The E chart (the name I gave it) comes from Technical Analysis book. The E is used on a daily in the books example.by Darcy2 - Trading Discussion