Spike's Scientific Stock Analysis

[dmk112]

From reading your posts, you guys look like you're have a lot of fun.
I'll join you when I retire in 13 years or when I strike a big real estate deal, whichever comes first. lol

Webs, don't wait till then...just quit your job...j/k...heh

[dmk112]

DHB, maybe looking for another channel...this is a realll long term one... Will be waiting for this one

[dmk112]

Chasing entry that one lol
Looks like you entered at the wave 3 completion up, which ain't the best entry, but hey, the channel from yesterday is actually turned up, which is bullish. But I would have passed on it myself. Needs to do some work first, but Good Luck with it!!!!

It seems i never get a perferct entry...

Tucking the stop right under the pivot a good idea?

[dmk112]

Is that a CWH on ANTP??



and EOC is not stopping!! Spike, can you count the waves on this one? I want to get a short entry on this one!

[spikefader]

Yes indeed...but most of the time I'm not at my computer therefore getting the perfect entry is almost impossible.

What do you suggest doing instead?

If you're able, set alarms to go off so your attention is drawn to the PC at critical times, or if that's out of the question you are stuck with using a conditional limit order waiting in place at a channel, and if you're clever, work out what the pivots are for the next day, and make sure the order is near an S1 or S2. Then when your conditional order is filled, your instruction to add an immediate max pain stop loss order also goes through. That way you're covered if the thing tanks after your fill. Your conditional order can also set an immediate target if you want. Watching is best for outstanding entries. Planning and not watching is 2nd best. But I think one can still be successful doing the second.

[spikefader]

RE FORD:

I can't get over this one..LOL...I just discovered that two different FIBs coincided but at different retracements AND a channel long!

I'll see how tomorrow goes, but I may have to chase this one.

Yup, agree with the chart. Add to it that it had a channel long, that the market was ripe for a rally and bingo, your chart looks legendary lol I really like FIBs though; they seem to be significantly predictive. I think if anyone used them the way I use channels - to identify significant points of support/resistance - and did intraday patterns once you got those signals, you'd be very successful.

[dmk112]

If you're able, set alarms to go off so your attention is drawn to the PC at critical times, or if that's out of the question you are stuck with using a conditional limit order waiting in place at a channel, and if you're clever, work out what the pivots are for the next day, and make sure the order is near an S1 or S2. Then when your conditional order is filled, your instruction to add an immediate max pain stop loss order also goes through. That way you're covered if the thing tanks after your fill. Your conditional order can also set an immediate target if you want. Watching is best for outstanding entries. Planning and not watching is 2nd best. But I think one can still be successful doing the second.

I don't think Scottrade has that conditional order stuff... it doesn't even have trailing stops!

[spikefader]

It seems i never get a perferct entry...
Tucking the stop right under the pivot a good idea?

Do you strive for perfect entries? If not, that's why you don't get 'em You've got to be in it to win it, ya know?

Stops are tricky. it's all to do with how much pain you can endure, and what kind of r/r ratio you're looking for. Some setups just don't offer the r/r you need to make it worth taking the trade.

[billyjoe]

Spike,

Congratulations on the TZOO short call. It's been on my sh*# list for a long time and it's initial advance after your pick was a shock.

billyjoe

[spikefader]

From reading your posts, you guys look like you're have a lot of fun.
I'll join you when I retire in 13 years or when I strike a big real estate deal, whichever comes first. lol

Ya, ain't it fun. Would be funner if you were doin' it too though Mr. Vulcan. Although I probably couldn't keep up with all the posts! I can hardly do it now. There's only so much time.... Speaking of which, if I forget to respond to someone and you really want an answer, hit me with a stick

[spikefader]

I don't think Scottrade has that conditional order stuff... it doesn't even have trailing stops!

Scottrade! eegads man. jk Another reason to go to IB. Their TWS platform is impressive. Experience direct access and you'll never go back.

[spikefader]

Spike,

Congratulations on the TZOO short call. It's been on my sh*# list for a long time and it's initial advance after your pick was a shock.

billyjoe

Thanks billyjoe. Yeah, I thought I'd made a boo boo when it went =10% yesterday. The candle end of day was a relief and marked sumfin was up......Oh what a day can make. I actually took it as a pick knowing earnings was coming and the technicals were so bad; it was pretty good money it would drop on bad news, so the plan worked.

Pick of the early week is GGR though! Boy, what a monster.

[Websman]

Webs, don't wait till then...just quit your job...j/k...heh

Sure! Let me direct you to my PayPal account so you can deposit a few million dollars...

[skiracer]

Spike,
Awesome pick on the TZOO setup. I hope you had it rather than just in the portfolio of the week contest. Just beautiful.

[dmk112]

Do you strive for perfect entries? If not, that's why you don't get 'em You've got to be in it to win it, ya know?

Stops are tricky. it's all to do with how much pain you can endure, and what kind of r/r ratio you're looking for. Some setups just don't offer the r/r you need to make it worth taking the trade.

It's not that I don't strive but I'm not a day trader...anyway not most of the day :P