Tweet
Originally posted by TFred
Thanks for another good one to ponder
-
Yup, it looks like it wants 12.00. What it does there will be crucial for me. A weekly close below and that spells trouble I think. Weekly channel from the top shows 7.50 where patient bears would be looking to target. The rising channel from '02 is at 11.10. I would expect solid support at 10.00. Would likely be worth chasing the next channel turn down.....maybe short the next intraday pivot with a 4% stop to target that rising weekly channel area. r/r of about 7. Or wait for a nice 2% risk entry to double that would be what I'd go for.
Thanks for another good one to ponder
-
Spike, I'd be interested in your take on NENG?
ThanXComment
-
Hey Runner. Couple good 'c' longs there at 2/2/06 and 3/1/06. That second one was after a truncated 5th so it's not easy to spot. And off that count, it looks like it's in a 3 up (with subwaves to the 4 now). It's actin' bullish, no question. I'm seeing resistance at 3.30 but a weekly close over that area would be real good for it. Hopefully any correctives will be in a wedge shape so it makes the handle on that 2-year cup there. Real nice target gap fills up there too at 9.81 and 24.37.Originally posted by Runner
Channel-wise it's actin' like strong. Minor daily boom early this year, then a profit-taking tag that saw some discounting but not much before it resumed its travels up. Money flow is great, daily and weekly, and it's at the daily zero line now for money flow, so I'd expect it to reject if it is truly bullish.
But having thought about it all, I'd probably hold off getting too excited about this one until it can close weekly over 3.30. If it does that, then I'd be looking for a real smart discount entry.
Thanks for the heads up dude. Post an entry if you see one! I'll see if I can keep it on the stalk sheet for a while.Comment
-
Spike, I was looking at the same thing as far as getting above the 3.25 area. Little bugger has been bullish as of late. If I see a possible entry I’ll try to post it.
Thanks for your input!!Comment
-
lsi
Hi Spike,
Is that a good enough RS&H on LSI on 2 1/2 year chart? Looks good except for the big ol dent in the head....(does that really matter?)
thanks."Whatever you can do or dream you can , begin it. Boldness has genius,power and magic in it." GoetheComment
-
Looks OK to me, heads are allowed a degree of complexity and ugliness hehe You could probably get away with calling that a cup with handle too. See how that handle has a wedge/triangle shape. For me, it's gotta do a weekly and monthly close over 12.00. And THEN it's gotta pull back to the neckline or give a channel long or sumfin. But it's an excellent one to bring to da table! Thanks fer the heads up. Just added it to the stalk sheet. I will do a blog feature on this one if ya don't objectOriginally posted by noshadyldy It's got potential this one!
Comment
-
Thanks Spike. And yes, feel free to use anything I post, anywhere you want it.
"Whatever you can do or dream you can , begin it. Boldness has genius,power and magic in it." GoetheComment
-
Comment
-
Greetig Spike,
I applied at IB,and am waiting tranfer of funds from Scottrade,cant wait to get started with direct access.Any thoughts on setting it up,I thought I saw you mention TWS platform?Anyhow thanks for the info,along with NBB.
cordially TomComment
-
Greetings Spike,
Could you give some input on this one?
It looks similar to BEL,Im looking at a bid of 10.43 or so,with a stopat 10.20,targeting 15.
2% risk,50% gain,am I in the ballpark?
cordially TomComment
-
Good stuffOriginally posted by TFred
Yep, I would strongly recommend you peruse IB's online webhelp http://www.interactivebrokers.com/ph...lp/webhelp.htm
and get your head around hotkeys for efficiency and speed. (use the search function on that page link to find any info)
Let us all know what ya think of it.
Comment
-
Tom,Originally posted by TFred
It's about time! Welcome to the big leagues! No excuses now!
I would simply suggest that you practice on their tutorial platform. It is going to take a few days to transfer your account, so make good use of the time by practicing. They have tons of options for you. Consider the'fill or kill' order and other conditional orders. I think you'll do well here.
Comment
-
Beautiful setup you have planned dude! It's worthy of followingOriginally posted by TFredGreetings Spike,
Could you give some input on this one?
It looks similar to BEL,Im looking at a bid of 10.43 or so,with a stopat 10.20,targeting 15.
2% risk,50% gain,am I in the ballpark?
cordially Tom It's a boomer on the weekly with room to 15.00 where weekly channel is. I like the bullish band action and especially that vol gap up earlier this year. Channel turn up 4 ays ago so your bid area and stop are excellent. Now it's just a matter of whether it comes back for you.
Good luck dude!
EDIT: Forgot to comment on that fantastic r/r too Now that's putting the numbers on your side
Comment
-
Yep Tom, NB is right, you should use the TWS demo platform to practise http://www.interactivebrokers.com/en...?ib_entity=llc. Choose individual demo. If you want to feed IB data into QT, you have to enable TWS to do so.Comment
-
Spike BRCD Looks Super!
Spike BRCD just came up on my radar screen .wow the volume is 37 Million Plus For a 6 dollar stock......Looks as if she is really moving . Has she ran out of gas or does the stock still have legs? Thanx Pete!Comment
Comment