Spike's Scientific Stock Analysis

[dmk112]

Yes and I didn't enjoy myself much. If one would describe stocks are hard, and options hardest, and futures a different planet, then forex is an entirely different galaxy. Study long and hard before you even consider trading forex. And prepare yourself for very fast and volatile moves on news events and unexpected interventions.

I hear it is strictly technical and all the same rules apply as to stock, I mean you get news on a stock just like forex, the better part about 4x is that its virually 24/7 so you don't get those nasty gap downs. Have been experimenting in forex.com and have turned $25,000 into $50,000 in about 4 months... I think I will give it a go for the mini forex which you can start out with as little as $2,000...

[dmk112]

Spike, do you know of a way in QT to change the parameters on the indicators in the historical charts (not intraday ones)??

[dmk112]

<< Indicators are almost all useless. >>

Respectfully disagree with you on that one. The fault with indicators isn't with the indicators themselves; it usually lies with the person using them.

All too often I see people using trending indicators when the stock is oscillating or oscillating indicators when the stock is trending. The indicator "doesn't work" so they blame the indicator.

"The fault, dear Brutus, is not in our stars, but in ourselves...."

The statement that indicators are useless is true and false at the same time. All indicators do is measure momentum (i.e. price action). So really all you need is the price and the indicators just tell you what to do at a certain price. I guess it can be useless to some and not to others...

[skiracer]

The statement that indicators are useless is true and false at the same time. All indicators do is measure momentum (i.e. price action). So really all you need is the price and the indicators just tell you what to do at a certain price. I guess it can be useless to some and not to others...

I thought Coli's original statement was off the wall. A number of highly educated and knowing people spent alot of time developing and writing books on these topics and have proven they do work. How well they work is up to the individual and how they implement any indicator into their strategys. I rely on the RSI, Chalkin Money Flow, On Balance Volume, MACD on a regular basic to give me an immediate idea of what is happening so I don't have to go to the calculator or computer and figure it out myself. Think about how many times a day you casually take a look at any number of indicators without giving it a thought. They help in such a subtle way that many don't really give it any thought as to how much and take them for granted. Think if they weren't available or didn't exist and how you would work without them.
They become a vital part of the decision process in a subtle way.

[Runner]

I think best indicator is the price action by itself.

[Runner]

Ski last chart regarding PETS is the Industry chart. Notice sideways action. I would have liked to see it go off along with the Indices last week!


Sorry Spike I ment to post on Ski's thread

[Runner]

I hear it is strictly technical and all the same rules apply as to stock, I mean you get news on a stock just like forex, the better part about 4x is that its virually 24/7 so you don't get those nasty gap downs. Have been experimenting in forex.com and have turned $25,000 into $50,000 in about 4 months... I think I will give it a go for the mini forex which you can start out with as little as $2,000...

DMK, if you don’t mind me asking how much of the 25K would you have in a position? With those results I’m curious as to your positions size and risk level of the 25K. Great job, but I was wondering if you were gun slinging. Don’t take this the wrong way. I’m just curious..

[dmk112]

DMK, if you don’t mind me asking how much of the 25K would you have in a position? With those results I’m curious as to your positions size and risk level of the 25K. Great job, but I was wondering if you were gun slinging. Don’t take this the wrong way. I’m just curious..

I set my position sizes about 4,000 or 20%. So I don't think that's too risky, I know it was only virtual money and that's totally different from real money. That is why I will do the mini forex to start out with.

[Runner]

DMK, if I understand this correctly you put up 20% on one position? If this is true I feel your way extended here and IMO 2% max on your 25K is about the max I’d put on the line per position. With risk of 500. max per position. I’m not trying to be sarcastic and I’m only throwing this out here for a learning point. Spike and other’s what is your take on a 25K account and risk per position in relation to the size of the positions?

[IIC]

It is possible to successfully use oscillating indicators during trending conditions. My friend and AAPTA colleague Constance Brown talks about some of these techniques this in her excellent book, "Technical Analysis for the Trading Professional."

Thx for that explanation in your previous post...I copied it and saved it.

BTW...What is AAPTA...I guess I could look it up...But it's easier to just ask???

On another note...One thing I started doing quite a bit last year was trimming...Especially on my News Plays...But on others as well. Sure, I missed out on getting it all on some that pulled back and then flew again...but many times it saved my butt. For example, this was not a dt but I bot FORD at 18.32. Sld at 19.40 one day when it had a big p/b...it went down into the 18's but came right back and I re-bot at about 19.30. Meanwhile, I trimmed 21.90's (1/2 stake)...trimmed 24.90's (1/4 stake) and finally sold the remainder at about 18.10ish.

Admittedly, I did not trade it correctly...mainly because I missed a number of signals because I was not glued to the computer all day and I used no hard stops...And the last quarter I was hoping for a bounce(Hope ALWAYS is a bad thing)...But even though I screwed it up I still made 19%...IIC

[dmk112]

DMK, if I understand this correctly you put up 20% on one position? If this is true I feel your way extended here and IMO 2% max on your 25K is about the max I’d put on the line per position. With risk of 500. max per position. I’m not trying to be sarcastic and I’m only throwing this out here for a learning point. Spike and other’s what is your take on a 25K account and risk per position in relation to the size of the positions?

You're saying that you think you should only put 2% of 25k in a postition?? That's 500! Comissions will eat you up that way alone, and you would be managing 50 positions!!

I'm not saying I'm risking 20%, 20% is the position size which is 4,000 and of course a protective stop is in place which would risk about 5% of the 4,000 and I think that's reasonable. JMHO

[Runner]

You're saying that you think you should only put 2% of 25k in a postition?? That's 500! Comissions will eat you up that way alone, and you would be managing 50 positions!!

I'm not saying I'm risking 20%, 20% is the position size which is 4,000 and of course a protective stop is in place which would risk about 5% of the 4,000 and I think that's reasonable. JMHO

DMK, sorry for my mix up. I meant to say 2% max risk on the 25K. Hey no problem I realize we all do things differently. This will be my last time I bring up the topic. Although I feel it is the most important topic of all.

[dmk112]

DMK, sorry for my mix up. I meant to say 2% max risk on the 25K. Hey no problem I realize we all do things differently. This will be my last time I bring up the topic. Although I feel it is the most important topic of all.

No prob. It is an important topic, I think we just miscommunicated a bit.

[sekto]

hey spike, or anyone else willing to help.
What do you think about DSS for the short term?
it looks like a decent buy here at fridays close, whats ur take for the short term (3-5 days)?

Thanks in advance !

[skiracer]

hey spike, or anyone else willing to help.
What do you think about DSS for the short term?
it looks like a decent buy here at fridays close, whats ur take for the short term (3-5 days)?

Thanks in advance !

Sekto,
Looks like a nice find. What brought you to this one. I brought up a chart and think that Friday's close at $3.03 would be a nice entry point. Definitely an ascending triangle formation and looks to be getting real close to breaking out from that top line of resistance. I think the odds are in your favor of it breaking out as opposed to failing in this case. I'll be keeping my eye on it an looking for an entry tomorrow. Give it until at least 10 am to see which way the wind is going to blow. Good luck.
edit: lost the last few words of my text on the chart. should read, which I think it will. sorry about that.