Comment on LEXR

**spikefader** · 03-24-2005, 04:45 PM

Originally posted by cashmaker

If you want to short, go ahead. If you want to buy, thinking about it why. My short order can not go through today just like ELTK yesterday @5.5 level. If my broker is good enough, my earning will be double for these two days. YMYD on the LEXR before its earning

Hey Cashmaker, how goes it?!

A man after my own heart: fading the spikes!

Frankly though my friend, it has less to do with the quality of your broker and more to do with the fact that you were late to the party. So if it's anyone's fault, it's your own. If you are able to accept that and perhaps take full responsibility for your trading decisions, disappointments, and frustrations, then then you will be ready to really be successful.

PS. ELTK ain't available for shorting with IB today, but LEXR sure is. LEXR currently at 6.40, after a SHS, with neckline break, which targets 5.80.

**spikefader** · 03-24-2005, 05:01 PM

LEXR: intraday chart worth looking at.

Attached Files

**spikefader** · 03-30-2005, 12:58 AM

LEXR follow up.
See how significant a SHS or 'c' failure can be! Gap fill to 3.33 is likely. Trade what you see, not what you feel.

Attached Files

**dmk112** · 04-03-2005, 02:23 PM

Did you trade the LEXR, spike?

**spikefader** · 04-03-2005, 04:51 PM

Originally posted by dmk112

Did you trade the LEXR, spike?

No, by the time I saw the pattern it had moved too far for me, but I still thought it worth sharing the charts to see the patterns. These patterns repeat again and again, so look for them and react, whether you're long and wondering if you should exit, or just looking for a good short.