MY PICK IS ELN

[noshadyldy]

ka ching!!

[skiracer]

ka ching!!

Lets not count our chickens before they get out of the shell or put the horns on it.

[spikefader]

hehe ya, but.....

[skiracer]

I'm kinda supersticious like counting your winnings when you're playing poker. But I was just kidding with her anyway. Whatever is going to be isn't going to change because of exhuberance. We're in good shape.
Spike, you used that terminology, "channel long", to designate a trend reversal signal right. Meaning it's signalling you would want to be on the long side of any play right now huh.

[Runner]

Great job guys and gals. Nice action on ELN.

[skiracer]

Great job guys and gals. Nice action on ELN.

I'll take it anyway I can get it but I think the momo and daytrading scalpers are messing with it today.

[spikefader]

I'm kinda supersticious like counting your winnings when you're playing poker. But I was just kidding with her anyway. Whatever is going to be isn't going to change because of exhuberance. We're in good shape.
Spike, you used that terminology, "channel long", to designate a trend reversal signal right. Meaning it's signalling you would want to be on the long side of any play right now huh.

Yep, you got it. Those channel longs are where price falls, touches the channel and/or goes beneath it and causes it to expand. And the are very good signal on the daily to start looking for the intraday pattern to confirm your trend (minitrend) reversal attempt. The best ones are when the major long-term trend is in the direction that you're trying to go. And when they confirm the following few days where price trades above the high of that reversal day then your bias should be that way. But by that stage, you've missed the best r/r. But the essential ingredient to a channel long is the intraday pattern to confirm. If there isn't one, the chances of the channel long failing or price causing more expansion of it (while it searches for that reversal intraday pattern) are much much greater.

So with ELN now confirmed by trading higher than yesterday you wanna be on the long side of it. But just like everything else, patterns fail and this could too. It's merely the line in the sand I attempt to draw. There was an awesome intraday pattern at the bottom of it, so that's why I feel a whole lot better about the position.

[Websman]

ka ching!!

Don'tcha just love it!!! Hahaha!

[skiracer]

Don'tcha just love it!!! Hahaha!

Webs,
I only love it when I cash my chips in, then I know I have a winner when the money is in my hand. Other than that it's only paper and can turn just as easily. Never good to count your money when you're still at the table. That is unless you've protected it in some manner.

[Websman]

Webs,
I only love it when I cash my chips in, then I know I have a winner when the money is in my hand. Other than that it's only paper and can turn just as easily. Never good to count your money when you're still at the table. That is unless you've protected it in some manner.

Always like Ski to bring me back down to Earth. Hahaha!

Of course, your honest comments are always welcome!

[sisterwin2]

First, sure glad I got the kids a new pc for xmas.... this one is the one bought 8 yrs ago but I can still get on.

About Stops. I want to set a stop but dont want the norm up/down of the day to catch me too early. I dont want to sell unless on down trend consistantly. Not too sure with ameritrade how I do that. Should I set stop at say -5% of today high? Take CIB.... on trend up and I dont want to loose my 25% gain but dont want it to stop out too soon either.... does the question make sense?

Ty all and Happy Holidays still.

Dena

[skiracer]

Always like Ski to bring me back down to Earth. Hahaha!

Of course, your honest comments are always welcome!

Webs,
Us late comers are alot more vunerable than you with that great early entry.
We don't have the cushion that you have. I'm looking to protect and keep what I've got. Seems that everytime I start celebrating before I actually cash in the worm turns on me. I guess thats my penance for good looks and health. No luck just good health and meant to work like a dog to get and keep what I've got. I can appreciate your feeling good about this stock and position. Go for it and good luck. You've earned it by getting in early and staying with it.

[Websman]

I guess thats my penance for good looks and health.

I have the same problem. I'm too darn good looking, plus I'm healthy.

[spikefader]

[kingofthehill]

ok Spike tell me what that means in English