Spike's Scientific Stock Analysis

[spikefader]

scalp long YM 10858.

Out for -2 and stalkin again...

I've got daily Vector bearish at close, but intraday signals set up nicely for scalp long bias with swing potential on any volatile breakout move.

[dmk112]

Spike, I think we are looking at a bear flag on the YM's off that drop... should see some more downside IMO. I want to position myself short for the new year anticipating a sell off similar to last year.

[sekto]

have u spotted any other nice setups spike?

[spikefader]

Spike, I think we are looking at a bear flag on the YM's off that drop... should see some more downside IMO. I want to position myself short for the new year anticipating a sell off similar to last year.

Yep, your short is a very valid and good resistance play, so congrats on the great entry within a 15 minute wick! Aren't they great! Stop to even or tight and let it give you what it gives you. I'm a scalp buyer next signal though!

But for the bigger picture, in the face of your great entry, I'm not sure if looking for a repeat of history is what I'd focus on. Look at the pattern for the dow this time last year. It's very different. Yep, the bullish impulse 3rd (with supporting bullflag no less) failed. Inexplicable.

And today we are at a very different location. While we are at resistances the market is holding up here consolidating, building strength for another move up. All index patterns support bullishness medium-term. The thing one cannot deny is the bullish potential for the dow bull flag on the weekly. The fact that we're coiling within the flag area is very good for bulls. Until that weekly pattern is broken it's a mistake to ignore it. It's high and tight after a clear pole.

Approaching that bear flag resistance area now...and close to the scalp long signal....

[spikefader]

scalp long YM 10843.

[spikefader]

I'm gettin' a gut feel for a big rally here....

but either way, this area right here is the line in the sand for bull and bear

[spikefader]

.... :*( i used a sell limit order and set the limit to 9.60
prior to this trade, i had not used stops before =/

Learning experience..? GRRR i just cant win in this game

Feel your pain, cuz I know how that feels Yup, learnin' experience right there. Dust off, stalk, and look for the next great r/r setup!

have u spotted any other nice setups spike?

I'd say ELN 'c' long attempt is not far off. The big question with 'c's is whether they go below 'b' or not. All one can do is trade the intraday patterns with great r/r and keep trying to get that perfect entry. The question is whether you can do that without fear, frustration, and doubt. I really do like those double bottom or inverted shs 1% risk 10% profit plays where you can try 10 times to get that entry that will net you 10% or greater. See, when the r/r is great you can AFFORD the stopouts. Just keep telling yourself that! Patience; smart plays, best r/r, discipline.....and the right orders helps lol You won't make that mistake again. And should CERS rally to new highs it will be an unwelcome reminder for the rest of your life hehe, but it's those kinds of lessons that TEACH us and make us really GET it. So welcome to the knucklehead club dude!

[dmk112]

Spike, that's a good point about that pattern. Will you be buying long a break of that flag?

[spikefader]

Spike, that's a good point about that pattern. Will you be buying long a break of that flag?

No, I'll be a buyer with my system signals which hopefully will have me long well before that flag breakout.

I'm gonna let this little scalp run intraday to resistance target area of 10960 or 70, and in the meantime hope for a signal to allow me to swing it.....ya gotta hope right I guess this is green hope right now. But it's early days and this is yet to prove itself.

[spikefader]

Creme of the Crop#2

OXPS has a bearish psar, sold for breakeven. Put it into WDC at support.

Port average is +0.37 at the moment. PKD the new leader.

[spikefader]

ELN: stalking a 'c' entry.


Today's pattern, chart and speculations.

[dmk112]

Stopped out for break even on that short. Will be looking to short @ 10880 or so.

[spikefader]

Good trade dmk despite the result. This is what your 880 faces I think.

[spikefader]

1 minute counts are interesting too:

[spikefader]

Here's the 5.

I say 'overpower' in the chart there, because the 1 min c long failed a minute ago obviously, and so what can help a 1 minute c long failure recover?? Simple..... a 5 minute 4 c long!


See how different time frames can change the perception. Interesting stuff this EW.