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Al_Gorithm
Posted : Thursday, September 21, 2017 12:27:17 PM

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Keep an eye on DVAX. It's a biotech but looking to take another leg up.

Al_Gorithm
Posted : Monday, September 25, 2017 3:15:15 PM

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A beautiful chart is a terrible thing to waste :) ...

 

Al_Gorithm
Posted : Saturday, October 28, 2017 2:30:42 PM

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Squeeze, pop. Rinse, repeat.

Al_Gorithm
Posted : Monday, October 30, 2017 10:33:11 AM

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Al_Gorithm
Posted : Tuesday, October 31, 2017 12:03:43 PM

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Al_Gorithm
Posted : Tuesday, November 14, 2017 2:47:49 PM

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Doesn't take an overlay, indicators, or technical analysis ...
Just a pair of eyeballs and some braincells ...
Get in the minds of the buyers and sellers in the market ...
Are they buying or selling MU?
Are you buying, selling, or passing MU? ...
Why? ...

What price action would make it a buy the next day or two? ...
What would be your targets? ...
Your stops? ...
What price action would make you short? ...
Is MU even worth a trade at the moment?

Indicators lag. 
Overlays overlay what's really important on a chart ... price.
Technical analysis is just getting in the heads of buyers & sellers and listening to price.
I can't tell you how. Nobody can.
All the 'experts' spamming your inbox can't.

Use your brain and your eyes...
Don't guess - predicting is a fool's game - observe and follow price.

Barista, another round! :)

Al_Gorithm
Posted : Thursday, November 16, 2017 1:31:34 PM

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Do you need an indicator, overlay or technical analysis to see that buyers have been bidding the price up since September? Or that price moved sideways in October? Why? Perhaps some folks were selling, while others were buying. Do you see something change in early November? HFC suddenly got more in demand and price jumped higher over four days. Looks like some of those that made money decided to sell and take their profit to the bank. The last six or seven days look like more sideways price action as shares change hands between profit takers and buyers.

If you look at the trend line, it appears that we MIGHT be due for a continuation of the uptrend. "Might" being the operative word. If you anticipate and buy now you might be in for a disappointment.

Wait for some fresh buyers to step in and start bidding price up again, and participate in that move. Of course, nothing's ever that easy. Don't wait and things may go south. Wait too long and you miss most of the move, and are chasing, which usually never ends well.

So do you get in? And when? I wish a magical MACD would tell you, but follow price ... that's all that matters.

If it were easy, there would be no losers, which means there would be no winners ... remember you're trying to take money out of someone else's pocket. Folks who use indicators, overlays and technical analysis deserve your respect, since they're lining your pockets. :)

Al_Gorithm
Posted : Thursday, November 16, 2017 4:13:21 PM

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Another case of buyers bidding prices up lately, followed by several days of profit takers selling their shares to other folks who think TXN is worth the price. The latest candle looks like new buyers may be stepping in after a week of sideways auctions between buyers and sellers. (Never forget it's all just an auction).

So, there's some fresh buying, and price hasn't jumped out of reach into chase-and-get-burned territory. What do you do?

Make a plan. If price does up tomorrow, do you buy? Where do you place your stop? Where are your profit targets? A trade without qa plan is a gamble. If price goes down, what do you do? What if price goes sideways? 

Knowing what you're going to do BEFORE you do it helps you take the lunch money away from traders who have a dozen indicators on their chart and can't even see what price is doing. :)

Al_Gorithm
Posted : Thursday, November 16, 2017 4:14:22 PM

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Can you tell I haven't had my coffee this afternoon?!?

Barista!

Al_Gorithm
Posted : Friday, November 17, 2017 11:24:09 AM

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What a beautiful chart. The best scanner is a pair of eyeballs. Anyone can see the buyers & sellers dancing with FLEX, steadily bidding the share price higher. No holy grail, just braincells, a plan, and some discipline. Plan if/when/where to get in, where to set a stop (nothing's guaranteed), where to take profits and take the other trader's lunch money :)

Al_Gorithm
Posted : Friday, November 17, 2017 4:14:10 PM

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Al_Gorithm
Posted : Monday, November 20, 2017 12:17:54 PM

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Find a chart with a "eyeball-able" trend (it should be obvious - if you have to ask an indicator if there's a trend, move on to another chart ... lots of stocks to trade in the market).

Wait for some consolidation, as shares change hands with sideways price action, sellers not pushing price down or buyers pushing price up. Eventually after a few bars the inventory of all the shares that are going to change hands at that price will have new shareholders, and then NEW buyers will start stepping in and continue driving the price higher. That's your cue to get on board and ride the train to the next resistance level until another batch of sellers start taking profits.

Lather, rinse, repeat.

Trading the continuation of a trend after a period of consolidation is a common strategy - everyone is different and uses different tactics. Keep it simple. You don't get paid for being smart, you get paid for being right :)

Al_Gorithm
Posted : Friday, November 24, 2017 5:27:06 PM

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Al_Gorithm
Posted : Monday, November 27, 2017 12:34:14 PM

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Al_Gorithm
Posted : Friday, December 1, 2017 3:03:23 PM

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jklmttrader
Posted : Thursday, December 7, 2017 12:04:48 AM
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The thing with break outs to higher highs or lower lows is your at risk of a reversal, that's just the nature of this business. 

Do you consider  "Time"  as an indicator?  For example, TSLA this month opened  within the previous months range, and was trading down from it's monthly open(305.44), and down from its current weekly open of 306.26.  It was trading red across week and month but was conflicted on the daily chart bc Tuesday it closed positive.  Today, it gapped down but engulfed the previous days range to the upside, outsdie bar. which changed the week and monthly TF's green. So, now we have "full time continutiy" to the upside but we are still within the previous months range due to Novemebr's 40 dollar plunge.

I like to trade longs that are green for day, week, and the month and just the opposdie for shorts.  There are ways to to break this rule but only when times frames are in conflict.  I'm not negating my rule, i'm using Time Frame analysis to assist tro capuire and take advantage of traders caught on teh rong side of  trade.    When you say, Use your brain and your eyes...Don't guess - predicting is a fool's game - observe and follow price.   

DVA  12/6 the gap change the trajectory of teh stock to mixed opens on MWD to full tiem continuity(TFC) to the upside.  I trade it short through the 2- inside 10 minute bars after 10:00am through $67.00.  I deliberately traded against  FTC hoping to capture a deep gap fill.   It didn't work, even though it was a small loss through the 15 minute hammer.   I just waited and let time set up another actionable ssignal.  There we multiple inside bars to tiem and a combinations fo a few.   3 inside 15 min bars from 10:45 to 11:30 and a 30 minute inside bar closing at 11:30.  A 5 minute inside bar closing at 11:30.  I bought through the 5 min bar high and held w stop below that bar.  i was really waiting for the 30 to break which it did but it happened a minut before the close of the 5 minute bar. As expected, the price fell in the previous 5 minute bar range at 11:40c.  The price took off after the 2nd 5 minute inside bar, surging to the upside.   There wsa an actionable  signal, a bottom of the hour 60 minute bar, which closed at 11:30 in combination with the 30m. So, price trade through  5, 15 30, and 60 minute insdie bars .  The price was postive on the  M,W,D and 60m charts 

Al_Gorithm
Posted : Friday, December 8, 2017 8:07:31 PM

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jklmttrader
Posted : Sunday, December 10, 2017 9:29:36 AM
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HFC big outsdie day and then falls back into the range over next few days, 2 inside days then another outside day. Above 45.84.  If your a ninja you could taken the inside 30 minute hammer at 10:30. 

 

 

https://www.youtube.com/watch?v=m0ZOJZdmQSo&t=2s

Al_Gorithm
Posted : Monday, December 11, 2017 12:22:22 PM

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Al_Gorithm
Posted : Tuesday, December 12, 2017 2:52:43 PM

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Al_Gorithm
Posted : Friday, December 15, 2017 2:35:48 PM

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Al_Gorithm
Posted : Tuesday, December 19, 2017 12:13:55 PM

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