My ADX is part of the Directional Movement Gary gave us in 1-5. The setting he had us put for the ADX then is the same I use now. The only difference I have is instead of having my ADX (Average Directional Indicator) line the same color as the back ground in my chart, I have made my ADX line the thickness of 2 and color dark gray. I added this ADX line because it is generally used by trend tby Darcy - Trading Discussion
Retirement.... well good for him. What the heck was wrong with his boss? He should have asked your mentor to teach him how to paint! What a nut case!by Darcy - Trading Discussion
I am not fond of the Q's. I do not like how they move. My brother traded SPY and lost $15,000.00 and I have a friend who traded SPY and lost over $50,000.00. I am happy with my small charts and profits. I like having a variety of stocks to trade.by Darcy - Trading Discussion
Hi Rookie, You are right. Everyone will trade differently. I use Gary's charts but I also use other information. I do not try to add so much that I become messed up in the head. My brother-in-law has so much going on with his charts you can barely see the candles. When I first started to trade I followed every rule I could follow. But for the last 2 years I noticed that waiting for an actiby Darcy - Trading Discussion
Big Chart Trader: "Darcy, What is your trend and decision when trading this way?" There wasn’t any trend to make me get into the trade. This was using the moving averages and negative comments to make this trade. My decision came when the stock on the 55 fell below the 200 moving average AND all the talking heads were dogging the stock. Moving averages are light magnets or weby Darcy - Trading Discussion
Thank you! rookie...I do not trade exactly as Gary taught either. I found that when I wait for an action chart the trade is nearly done. I have traded NFLX and LNKD ever since they became tradeable. I did this because Apple, which was my main stock, got so high I just gave up trying to trade it. I keep my investment to around $3,000. There are times when I know the stock will go up or downby Darcy - Trading Discussion
Hope everyone had a wonderful Easter! NFLX is one of my fav’s so when the candle closed below the 200 moving average on the 55 chart I knew I could ride that down for a while. I watched it off and on until this morning I was happy with my profit and got out of the trade. It is unusual for me to be in a stock that long but it was one of those things where I knew how this stock was goingby Darcy - Trading Discussion
It is hard not to get scared out of a trade. It is also hard not to think that it could drop like a rock. What helped me was to scroll back on the 55 chart and see what stock I trade dropped like a rock in the middle of the day WITHOUT bad news. I just didn't find any that I look at. It takes a while to get past that thought and to ride the wave...but you are well on your way! You did great anby Darcy - Trading Discussion
That is SOOOOOO great Rookie!!!! Love, love, love it! Good for YOU!!! It sounds like you are on your way...I am as happy for you as if I had traded it. (I don't drink beer so it is a Coke K?)by Darcy - Trading Discussion
There was a big move up on Feb 27th because the stock had received an upgrade. That was the only reason for LNKD to pop up. Yesterday LNKD popped up on an upgrade and that too was the only reason for LNKD to pop up. Both times the move was on the 55 chart. Both stayed up on the same day that they had been upgraded. And both fell the next day off the high of the 55 chart move of the previous dayby Darcy - Trading Discussion
After such a strong up on Friday I knew that my next trade was going to be a PUT. If you looked at the 55 chart and the move on LNKD Feb 27th and compared the move to Friday March 22, 2013 you would have known that the trade today was a down trade for LNKD. My profit....$1090.34.by Darcy - Trading Discussion
A split? I don't think it will any time soon. I like LNKD because most of the time it doesn't move a lot before the open. Some of these stocks have their move before we ever get a shot at them.by Darcy - Trading Discussion
Today I read on Briefing that LNKD was upgraded to $190.00. Last time LNKD was upgraded it popped (see 55 chart 2/27) so I was in on the trade watching the 55. I did not wait for a signal since this was a news trade and LNKD’s history on upgrades is most often a pop. I watched my 55 until I got a phone call that would take me away from my computer…so I put in a GTC for $10.00. When I got homeby Darcy - Trading Discussion
Yep. I use the standard 14. All 4 charts must line up before I trade. What I mean by line up is a HRFP or a FP on at least the 55 and if a FP one of those MUST be the MACD. On the moving average chart you need a spreading apart of the moving averages. What I mean is you must be able to see a space between the moving average lines...moving averages will spread something like an "E&quoby Darcy - Trading Discussion
Got a book coming that is used (I buy all my books used) and will be reading the following: "TECHNICAL ANALYSIS OF GAPS: IDENTIFYING PROFITABLE GAPS FOR TRADING" by Julie R. Dahlquist. Haven't gotten it yet but I am excited about it coming!by Darcy - Trading Discussion
Rookie sorry about your cousin but know that your cousin can recover. My father had a horrible stroke and went through 17 hours surgery to repair his carotid artery and was able through hard work to regain all his motor abilities. However through love you need to tell your cousin unless he changes mode of operation he will have another one. I know about up against it...I have about 15 thingsby Darcy - Trading Discussion
I understand your concern. I would suggest that you stick with W/O because you are comfortable with that and practice the trading aspect of not only options but STO on your W/O. Some folks just aren't cut out for trading and that may or may not be you. There is nothing wrong with that. W/O is the retirement area. There's nothing wrong with you doing that and thank God you are able to do so. Perhaby Darcy - Trading Discussion
Kars, I copied off your remarks so it would be easier to follow. You won’t offend me by asking questions. I share with the hopes of all of you being able to take my info and applying it. But I can’t do it for you…or anyone. It takes study, study, study. KARS: -I see you purchased slightly out-of-the-money or right at the money calls instead of ITM (which would have been 185). Why is thaby Darcy - Trading Discussion
I don’t buy stocks yet but looking at your purchase (not knowing when you bought it but owned it on the gap up) you could have held on to the stock. The general rule of thumb is trade in the direction of the gap so I can only believe that would also mean hang on to a stock that gaps up and get rid of one that gaps down. If the gap up starts to turn against you then sell. You however had a doby Darcy - Trading Discussion
Today RTT said NFLX trend stats would start in 5 days. That meant to me to begin looking at NFLX. I could see that NFLX on the Daily had been building a launching pad. I could also see that the BB’s were tight on the daily which means the stock was preparing to pop. I could also see on the daily that NFLX was coming into a measured move off the gap from 1/23 -1.24. There was also a big gap up.by Darcy - Trading Discussion
I think you did great. I seldom wait for the 55 candle close. Sometimes the trend or decision has taken place the day before to trade a particular stock so all you need is the action to go your way. I have on occasion seen a stock trend/decision the following day and the action happen before the close but not in time for me to get in. If I waited for another move on the action I could wait alby Darcy - Trading Discussion
bdollar20 Thanks but allow me to say right up front you already have one of the best teachers…GW. If you have his CD’s I highly recommend listening to them until you get sick of hearing his voice and then put them aside for a week or so and then begin listening again. GW says start with 3 stocks. Learn those. I started with 5. Some of those I no longer trade because well they are no loby Darcy - Trading Discussion
S/O traded LNKD using the charts made from TAD which was just moving averages and money flow, and Gary's charts the 55 - 21. All charts gave a signal to buy on the open so S/O did. S/O really likes the TAD moving average charts along with Gary's and actually has traded off using all of them quite well. S/O made 90%. I suffered with the flu....by Darcy - Trading Discussion
Yep...they are really good books...by Darcy - Trading Discussion
I agree you will do better but you did really well IMHO. Congrats!by Darcy - Trading Discussion
You can never get hurt with that type of info. I liked it quite a bit. It causes one to at least look at these stocks and compare your info with what the chart is saying. It is to me a great heads up.by Darcy - Trading Discussion
You guys are doing a great job. I like all the new stuff. You even look like you have something like Parabolic Sar going on there! This is a grea site and well worth the $'s. Glad I found you.by Darcy - Trading Discussion
On Feb 13th I traded AMZN. Although the trend was over according to RTT I still looked at AMZN. I often do this using RTT for my favorite stocks. After a trend up or down the stock can turn around and bring some real $$$$. Any way I looked at AMZN’s chart and I knew it was going to go up right on the open. Looking at the 55 chart you could see AMZN popped up on the open creating a $3 gap upby Darcy - Trading Discussion
Well I can only speak for me but if Gary said get it...I got it and still have it. I love my briefing.com. Mine runs a little over $100.00 or so a year. It is worth it to me for earnings, news, information upgrades and downgrades etc. You can go to several sites and get some of that info for free...like Yahoo finance, Motley fool, CNBC on line, Forbes (which I like Forbes for articles and inby Darcy - Trading Discussion