Registered User
Joined: 3/21/2006
Posts: 4,308
|
I traded this one some time ago and it looks good to me on all time frames. Below is the five minute chart and price might take off from this level soon... Might be a good day trade...
|
|
Registered User
Joined: 3/21/2006
Posts: 4,308
|
I am long @ $23.70
|
|
Registered User
Joined: 2/21/2007
Posts: 797
|
APS: you mystify me. You enter RVBD during a consolidation period (5 min) , on a day trade, price advances to +24.00 then collapses to 23.30 and you held on? I think you got damn lucky on the end of day recovery. Congratulations
|
|
Registered User
Joined: 3/21/2006
Posts: 4,308
|
John here is a list that I put together and day traded with some friends on Skype today. I put the list together last night and early this morning after running multiple scans. I was anticipating a win by the bulls at some point and kept a close eye on the SPX.
RVBD I also liked on the Daily so it was the only one that I held over.
|
|
Registered User
Joined: 10/7/2004
Posts: 2,181
|
Apsll; nice list. Thanks for sharing.
By the way, speaking of old friends, GNBT is about to produce again, just a small amount probably. I've played it so many times now it has just become a regular income stream.
Also, remember AVNR? Everyone laughed at us for watching that, until that day that it shot up from $1 something to around 6 bucks. Looks like it's getting ready to do something again. 1st week of Aug it shot up about 100% on 20 some million shares and then drifted back down. Somebody knows something and is slowly buying in.
|
|
Registered User
Joined: 3/21/2006
Posts: 4,308
|
Thanks TB I will take a look at your new list later today. I do remember very well our old friend GNBT. I remember waiting for the triangle to break and it let me down and then I could see that a larger scale triangle was in play and that one let me down. You were able to take money from this before you shared the chart with me. Ah the good old days....
Yes AVNR that one was a shinning moment for you when you first showed it to the forum I was not aligned with your plan to be there waiting for the bounce but your patience paid off and you were a hero on that one.
I hope that you were able to trade AVNR as it came off that sexy looking bottom (weekly chart) from last quarter 2008 to July 2009. Here is that chart. Below that chart I am posting the chart for GNBT I like the way it looks now also on the weekly. Lets see if I can finally take somthing from it this time.
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
|
|
Registered User
Joined: 10/7/2004
Posts: 2,181
|
I'm sure you'll catch one of these or something equally as profitable.
|
|
Registered User
Joined: 3/21/2006
Posts: 4,308
|
RVBD is having a nice day...
|
|
Registered User
Joined: 3/21/2006
Posts: 4,308
|
I am still holding this one and in good profit. I will continue to hold but that long wick today might not be good. I will see where this goes. I cannot be here tomorrow or wednesday so I will set my stop to a break even @ 23.70 and re-asses on Thursday....
Good luck all see you in a few days.
|
|
Registered User
Joined: 4/23/2008
Posts: 214
|
it does not look good to me either. I bought right after you did for 23.53 but I sold at 25.26 because it looked be rolling over.
|
|
Registered User
Joined: 2/21/2007
Posts: 797
|
AGM32 and APS agreeing
Maybe Bruce won't lock this thread
|
|
Registered User
Joined: 4/23/2008
Posts: 214
|
well john. fun is fun but stock trading is serious business
|
|
Registered User
Joined: 3/21/2006
Posts: 4,308
|
Hey John... A little early for that I would say. I think that for the younger traders Agm32 might have to share a chart with us. I just do not see where he could have bought at that price until many hours later in the after noon as price came down and did not stop until $23.34 That would mean that he bought it on the way down. I am confused by his analysis at that point he had some resistance to break through. Lucky for him it did.
I say this not to start trouble but to understand his analitical thinking at the time and to correct him that he could not have bought right after me. Maybe a chart from him will clear up my confusion.
|
|
Registered User
Joined: 4/23/2008
Posts: 214
|
a chart is not needed. I have traded rvbd in the past. it has a tight pattern on the 5 min chart. after you posted, I took a look at it but did not buy. later it pulled back, so I bought at about 1:10 pm on a trend line break. you bought in the am before the pullback.
why did you not sell today? it obviously was time to unload.
|
|
Registered User
Joined: 2/21/2007
Posts: 797
|
AGM: SORRY
|
|
Registered User
Joined: 3/21/2006
Posts: 4,308
|
I still cannot see where you bought but not worth making an issue over it. I am still holding because it is my intent to buy more share at the 50% Fib retrace as shown in my chart bellow.
I am off to bed now see everyone in two days.....
|
|
Registered User
Joined: 4/23/2008
Posts: 214
|
are you trying to be difficult.
you are showing a 30 min chart. pull up a 5 min chart like the one that you made your trade on and you will see it.
btw, it is not a good idea to mix your buys and sells on different time frames. if you buy on the 5 min, you should sell on the 5 min.
|
|
Registered User
Joined: 4/23/2008
Posts: 214
|
I am not sure why you would say that john but thanks anyway.
|
|
Registered User
Joined: 4/23/2008
Posts: 214
|
ok hang onto your hats gentlemen but I wish to defend apsll on one point; holding over the weekend. I also held over the weekend 'cause I did not see any reason to sell at the close on friday and it did work out nicely. it was a day trade but the chart looked favorable and was a judgement call. I could have lost if it gapped down but I thought the r/r was in my favor.
with that said, I agree with just about everything else that bordeaux said.
|
|
Registered User
Joined: 3/21/2006
Posts: 4,308
|
First off, You have to start with the premis that I believe one word of anything that either of you are saying..Sory but I do not. Neither one of you were ever in this stock. Second everyone here knows that you are Bigblock and that your main focus is to harass me with a secondary motive towards the forum as a whole.
I have sent an email to Bruce as to what is taking place here and my hope is that by the time I return he will have taken out the garbage.
|
|
Registered User
Joined: 4/23/2008
Posts: 214
|
bruce can see right thru you.
|
|
Registered User
Joined: 3/21/2006
Posts: 4,308
|
Have to make this fast.. I did get filled @ $24 for more shares. I cancled my sell order @ $23.70
I posted the 30 minute chart above to show the fibbonacci set-up and not to prove that agm32 lied about buying his shares right after I did at a lower price when the chart clearly shows that the price continued up and could not have given him the price he claimed. He then changed his story.
I have adjusted to a sell all @ 23.30
I will be trading live tomorow. See everyone then...
|
|
Registered User
Joined: 4/23/2008
Posts: 214
|
you can't be serious!!!!
do you realize how stupid your statement is?
here is a copy of my posts
"it does not look good to me either. I bought right after you did for 23.53 but I sold at 25.26 because it looked be rolling over."
"a chart is not needed. I have traded rvbd in the past. it has a tight pattern on the 5 min chart. after you posted, I took a look at it but did not buy. later it pulled back, so I bought at about 1:10 pm on a trend line break. you bought in the am before the pullback. why did you not sell today? it obviously was time to unload."
"are you trying to be difficult. you are showing a 30 min chart. pull up a 5 min chart like the one that you made your trade on and you will see it. btw, it is not a good idea to mix your buys and sells on different time frames. if you buy on the 5 min, you should sell on the 5 min."
now let's see if we can get some clues.
1. chart was rvbd on a 5 min time frame.
2. bought after you did, so it must be after 11:28 am.
3. also after a pull back.
4. and was on a trend line break.
5. time was about 1:10 pm.
6. sold at 25.26 because price was rolling over.
most anyone on this board can figure that out but I will take time out from trading and draw you a picture.
you posted a 30 min chart instead of a 5 min chart because either you don't know the difference or you are trying to be deceitful.
explain how price continued up after you bought and I could not have bought at 23.53.
show me where I changed my story.
the fact is I made good money on this trade and you didn't
|
|
Registered User
Joined: 6/6/2005
Posts: 1,157
|
Hi AGM,
I like the breakdown of your intraday chart. I know it was in response to APSLL and some of the comments were directed in that area, but you should post more charts. Winning or losing, to show your thought process. I think they would be a real contribution to the traders here working on or learning an intraday timeframe. Nice trade.
APSLL,
Good luck with your trade as well.
David John Hall
|
|
Registered User
Joined: 3/21/2006
Posts: 4,308
|
Look I am not going to argue semantics with you. You said that you bought the stock right after I did. Turns out you did not. You bought it three hours later according to your chart at the bottom of a draw-down with resistance right above your head. Now you say that your statement was that you bought it after me so that could mean any time. I do not have the patience to argue about that. I am going to play this trade the way I choose to play it. I am not interested in you and your hero Bigblock and how you believe that this stock should be traded. I look at all intraday time frames so that I can find critical information on support and resistance. I adapt my decisions on the fly based on that information. I like the daily and more so the weekly chart so I picked up extra shares and decided to hold. Now give your self and everyone else a break here and stop posting on my threads unless you are sincere and can add something of substance to the discussion.
Thanks for your support David; I will let everyone know when I sell. It is a shame that Agm32 and Bigblock are going to harass me on every thread. I can take it however. It is too bad that they cannot open their eyes wide enough to see how foolish he looks. To bad he cannot afford real-time data.
|
|
Registered User
Joined: 4/23/2008
Posts: 214
|
unbelievable, first you threaten to take you ball and go home and tell mommy and now you are throwing a tantrum. you pressed the issue for a chart, not me. maybe Bruce should take a good hard look at your antics.
davidjohnhall, thanks for the compliment on the chart. that is my customary way to trade. I like to use trend line breaks because they have made me a lot of money over the years. I would post more charts but you can see how that worked out.
|
|
Registered User
Joined: 6/6/2005
Posts: 1,157
|
You're welcome AGM,
Looking at your chart reminded me how much I like trendline breaks as well. You get a recognizable stop/risk level (the low before the break) and a defined entry signal (break of the trendline).
Mind if I ask:
1. Do you shoot for a target or wait for a sign of weakness (letting the trend run its course)?
2. Do you look for trendline breaks on pullbacks only or will any trendline break do?
3. Do you scan in the morning or look at the most actives for the day?
If the answers are proprietary, completely understood.
This is just a good reminder that simple approaches perfected through experience are worth their weight in gold.
Here's how i see the prgression with stops moved up under new swing lows:
Here I see a trade with a .20 cent risk and a nice $1.70 cent gain, or an 8.5:1 risk to reward ratio. That's excellent. These are the types of trades we should all be hunting for on an intraday or a daily time frame.
It's great seeing trades work out!
David John Hall
|
|
Registered User
Joined: 4/23/2008
Posts: 214
|
davidjohnhall,
1. I used to use targets several years ago but got tired of leaving money on the table. I have no proof that a sign of weakness is best other than it seemed to improve my winnings.
2. I usually try to stay with the trend after pullbacks and I also like to catch breakouts after a consolidation.
3. it's funny that you mentioned item numer 3. I used to run scans until I discovered "Vol Buzz" on wordens freestockcharts. Vol Buzz makes things a lot easier. I can page thru the active stocks and usually find a good candidate faster than weeding thru a scan list for higher than usual volume stocks. especially the breakouts from a consolidation. they just seem to float to the top of the list for easy pickings.
oh, and thanks for bringing calm to this thread. :) oops spoke too soon
|
|
Registered User
Joined: 3/21/2006
Posts: 4,308
|
Bruce will either lock or delete this thread I am sure, Bigblock has made sure of that. Bruce I am sorry that you must now clean things up, perhaps I should not care that agm32 finds it easier to trade on the left side of the screen after the flower has bloomed. In his first post Monday night two hours after the markets closed was a nice time to put it all together. I am exhausted from this comedy.
|
|
Registered User
Joined: 3/21/2006
Posts: 4,308
|
I guess that I should be flattered bigblock, I did not know that I warented this much attention from someone of your grand stature. I finally got it out of you. I always thought that agm32 was just you in a cheaper mask. My coments about real-time quotes were aimed at him and not you. Boy a real slip of the tongue on that one ey big32 
I hope that they do not ban me but if they do I will go quitely.
Ok I am done.................................
Apsll.
|
|
Registered User
Joined: 2/21/2007
Posts: 797
|
Have to agree with 2 people here: Reality Check, sure does seem like old times
David John, as usual very smart post. Thanks AGM, give us some more good stuff.
Big Block, why don't you join AGM and throw a little insight everyone's way? If APS is as bad a trader as you say he is, then maybe he could learn from you as well as the rest of us. Then maybe we could have a more educational forum instead of Bruce locking threads. This does get funny after a while, but as AGM jumped on me for the other day for trying to add some humor to this, he did state that trading is a serious business.
Several months ago someone started a joke thread, it was great. Let's have humor on the joke threads, and learning on the serious threads.
The folks who like APS's methods, like his methods, if they lose money then they will change their methods. We can't use any of your methods because you don't show any. No one here is asking for any prioritized methods that you may have developed over the years but a little inside trading knowledge would be appreciated by everyone, I'm sure.
|
|
Registered User
Joined: 6/6/2005
Posts: 1,157
|
Very well said, John. You're right, the posts can get funny from an outsiders point of view, but I know it's not a good experience for those involved. I also agree that this forum can be and is what we make it. It can be a fantastic place of higher learning or a gun riddled inner city middle school (no offense to gun riddled inner city middle schools!).
Some of us have been trading for awhile, some trading for a long while and some are very new. If we stick to putting up our trades and discussing them with the intent of positive growth for all involved, I cannot see how we can fail. If someone puts up a stock pick and that stock pick is horrible and the trade fails miserably, well I would think that's matterial for an excellent discussion and some serious learning.
If someone puts up a winnng trade it's cause for celebration and more learning.
From my perspective, we're a group of retail traders with limited capital and resources going up against institutions, governments, banks, smart money dark pools and who knows what else, in a brave attempt to better our lives and take our finances and futures into our own hands. We should all be congratulated for the effort it takes to learn, to try, to fail and to try again.
So let's rock these markets and learn together. They say that two heads are better than one! On this Board I believe we have some of the best retail talent out there and with a little focus we can all grow our equity accounts to those levels that we dream of! Because that's the goal, right? Not to win an argument on a message board, but to make some money! :)
Good luck all.
David John hall
|
|
Registered User
Joined: 1/28/2005
Posts: 6,049
|
" We can't use any of your methods because you don't show any. No one here is asking for any prioritized methods that you may have developed over the years but a little inside trading knowledge would be appreciated by everyone,"
This assumes one is interested in trading.
(or educating someone about it)
Thanks
diceman
|
|
Registered User
Joined: 3/21/2006
Posts: 4,308
|
I think that we could use a little "Clean" sport around here. Realitycheck came up with a good idea about picking stocks with a mock portfolio and testing our skills...
Just a thought.
|
|
Registered User
Joined: 4/23/2008
Posts: 214
|
bought rvbd again at 24.05 on a trend line break after a consolidation on a 5 min chart and sold at 24.58 on a trend line break. check the tsv notes on the chart. it is not as good a trade as the other day but was good for .53. I will continue to watch for more opportunitys on rvbd as it is a good stock to trade on the 5 min time frame.
|
|
Registered User
Joined: 4/23/2008
Posts: 214
|
posting charts on trades takes too much time when you trade the 5 min time frame. I missed another opportunity to buy back in after the head fake. even though apsll thinks it is trading from the left side of the chart to post latter, it will have to be that way. posting during market hours cost too much $
|
|
Registered User
Joined: 7/18/2009
Posts: 5
|
agm32 please give it a rest. I believe Apsll would like to keep the thread down to a low roar. Thanks--from the new guy
|
|
Registered User
Joined: 4/23/2008
Posts: 214
|
filthylucre, like it or not; I was just stating facts
|
|
Registered User
Joined: 6/6/2005
Posts: 1,157
|
Another nice trade AGM, congrats.
I for one have no trouble with someone posting a chart after the fact. What use would someone have in posting a winning trade they wern't actually involved in? As far as the group is concerned they could not be harmed by that either -- they can discuss a perfect trade and make notes on how to find such situations in the future.
Once on FTV I posted a group of charts during an intraday SKF trade along with commentary and time and sales and it was WAY too much work. Much better to post after the fact. you say i got in here. i got out here. These were my thoughts on the trade and how I captured the move.
Looking forward to more whenever you have the time, AGM.
APSLL,
I try not to see the contributions here as a test. When you post charts (thank you by the way -- always good to see your charts) I'm not keeping score on your trades or looking to see if the trade was a winner or a loser and seeing that as a reflection of your ability. I see it as an opportunity to discuss the nuances of trading. If your trade goes south I don't see that as a failure for you and if your trade turns out a winner I'm not thinking any better of you. Just glad another Worden trader got a winner.
|
|
Registered User
Joined: 3/21/2006
Posts: 4,308
|
David, I share your insights. I do not look at member contributions as anykind of a test. andI love discussing charts from friends that post them. I try to coment as often as possible when it is a chart that I aslo like.
Lots of trading forums have contest for sport. I see nothing wrong with that.
|
|
|
Guest-1 |