Spike's Scientific Stock Analysis

[dmk112]

RE BOOM, I hope you guys covered this morning on your shorts. As far as channel short, is it still valid?

[New-born baby]

Sticky

Sticky,

Look at this chart:



Remember, Dr. Spike is right. I am just a "New-born Baby."

[New-born baby]

I would have!

RE BOOM, I hope you guys covered this morning on your shorts. As far as channel short, is it still valid?

BULLDOG

I would have covered! Channel upturn today on BOOM. I can't say which way this thing is going to go. It may take off on a 3rd wave up. Or not. And my policy is: if in doubt, get out. And stay out! (until I am not in doubt anymore).

[mtm]

1165 on the S&P E-mini's will be hard to break. I am looking for the market to test that in the morning then fade into the close. But, since I rode the futures up for 16 points today. Tommorow is an early weekend.

Hard to base today as being a strong reversal day when most of it was short covering.

[mtm]

I am still short on boom, not going to let a day like this scare me out.

[mtm]

S&P Emini's

Had to do a 260 minute chart just to fit in the point here. Coming back up to test the break of the head and shoulders neck line. Don't become a bull just yet for there is a high probability we will go back down to fill this gap over Wednesday night.

Key number to watch is 1166.75!!! If we close well above that for the week then we can be bullish somewhat.

[Runner]

Need a another day to confirm Boom, but who knows right? If you can keep above 2.0 on risk reward your be happy!!

[spikefader]

Being selective about my answers cuz I'm low on time, but I'll get to the hard qus on the weekend (RL and bcritical)

@sowersnc; yes, I'm suspicious about today's move. But I'll flip long if I get the right signals. I'm just a monkey at the wheel. I'd actually enjoy a c long entry that gets bought for 6 months so I can have bragging rights lol seriously, I don't care which way she goes, just so long as I'm making money! ;b

@mystiky; If it were me, I'd be stop to even and let it ride. Hopefully the channel turns down, you get a neckline break and it drops nice back to 17.00ish. But it's a volatile chart, and it could do just as Newborn says and make a bull flag and kick to new highs. But until a channel turn or long, I'm not gonna know, so I'd just hold it short and let the cards fall where they may.

@dmk; cuz I'm a knucklehead lol - nah, just a monkey is all. I think Qs drops tomorrow. Ford; very strong bull channel bust today and it looks like it's got more chance of making new highs than new lows that's fer shure For BOOM, is that a channel long today? Looks like it.

@Newborn. Bro, it's all good nice chart and all good things to be thinking about with it.

@mtm; nice 1 and thanks for the chart. You can post as many of them as you want

I'll be in and out all day so won't likely post much. Good luck to all, and remember; plan the trade and trade the plan.

[mtm]

I am using 32.51 as a stop on BOOM, but I was able to get in alot earlier (the initial break down) and I am using it for a long-term short.

Nice to see you Runner.

[Runner]

MTM- I lost my password to your site.

[New-born baby]

Help me, Runner

Need a another day to confirm Boom, but who knows right? If you can keep above 2.0 on risk reward your be happy!!

Runner,

Can you help us mentally deficient ones (i.e., me, myself and I)? I want you to explain:

1. How YOU figure your risk/reward ratio.
2. What is MSH?
3. What was the short signal that you saw on that chart?
4. What is N5?
5. What is the 'short trigger confirmed?'

If you have time, teach "us" something, pretty please!

[New-born baby]

Wishing you the big profit$$

I am using 32.51 as a stop on BOOM, but I was able to get in alot earlier (the initial break down) and I am using it for a long-term short.

Nice to see you Runner.

MTM,

I hope your short makes the big $$ for you!

And if it does, would you care to teach us some tricks of the trade about recognizing strong potential shorts, targets, stops, R/R or anything else you care to talk about?

Lots of people would be grateful.

[Runner]

Spike, if you don’t mind me asking what is your short-term target on the Q’s?

[dmk112]

I am still short on boom, not going to let a day like this scare me out.

be carefull... BOOM is a storng force, that thing will go 5pts in a eyeblink..make sure you have your stop in place buddy

[Runner]

Newborn I’ll try to explain but I’m not a good teacher.

1. I use ETS (Entry,Target,Stop) To calculate you RR ratio just take your reward and subtract from entry, then find out what you risk is and them take your reward and divide your risk. This will give you your ratio. A good target to try for is 2.0 or above. I hope I explained this so you can understand.
2. MSH is simply a market structure high
3. N5 is day trading periods and on this chart it refers to days.
4. My short trigger was when the N5 was breached.

I can’t teach others much on this as I’ve been learning about it and so I’m still in the beginning phase. It takes about 5 candles to forum a market structure no matter what time frame your in. You can pull up a 8 minute chart and only so one candle, but you can see the structure forming with a 1 minute chart because now you have 8 candles. If this makes any sense? Also using waves and fib’s for targeting.

Hope this helps, but like I said I’m not a teacher of this and typing out what I think sometimes can be a challenge!!