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I also have MACD (5,13,6) and 20 period Bollinger bands on my charts, primarily to see how oversold the pullback is. But they a secondary consideration. I also use the 50 day MA in my screening. A plunge below this is usually enough to take a stock off my short list.

Candle I didn't see the word audited. I saw verifiable, whatever that means. Perhaps I was looking in the wrong place. Also I wonder what his track record has been since the period he cites.

For Shortee FIC Take a look at the 30-min chart for Thursday and Friday. Heavy volume on the decline. Thursday early afternoon volume declines and price stabilizes = cover short. Most of afternoon price flat and volume drying up = stay on sidelines. Late afternoon price flat and volume...

Neo, Eggduffer was someone being sarcastic, but it certainly wasn't me.

I don't pay a lot of attention to the H&S formation in MANU because it is so huge relative to the trading range of the stock. Shortee, anything can happen in the markets and nothing would surprise me. I would not enter until I see a surge in both volume and price. Until then the jury is out...

Examples of set-ups that currently appeal to me are AV CSGS and OPMR. If and when I would actually enter them depends on their subsequent P,V behaviour and overall market condition. I will certainly be watching them very closely Monday if we have a strong market.

Rigel, I agree with you. I was just trying to imply that even if price does go up on increasing volume it is not a certainty that it will continue to go up as the next day someone else may have a contrary opinion and decide to cash in on the previous day's rise. However it certainly tilts the...

"If he wants to buy a stock you can be sure that he knows what he's doing and it's going to go up" Nothing is for sure in trading. It's all about odds and probabilities and trying to tilt them in you favor. I believe that studying volume behaviour helps me in this regard. My results suggest...

Spike, what do you mean by sell and buy volume?

It's all about psychology Neo. For example, there's no scientific reason why the 20-period moving average (or any other moving average) should provide support or resistance. The only way it can provide S or R is if enough people believe it provides S or R. That's why, in my opinion...

Pullbacks are my bread and butter trade, but I am not a scalper. I trade the hours to days timeframe. I would not take MANU and XMSR as trades at the current time because, to me, the volume behaviour is all wrong. I look for volume to dry-up to very low levels on the pullback and to expand...

It's not an improvement by IB, but if any IB user is having trouble record keeping, check out this site http://www.ingenit.com/iblog/ You can download an Excel spreadsheet that will allow you to import and match your trades from the monthly trade summary for record keeping purposes. It...

Just wanted to let everyone know that Igor (Isidoren) has done a tremendous job developing the macros to import and match IB trade data from the monthly reports in Excel. It does exactly what I was looking for when I first started this thread. For those that missed it the first time here's...

I do not use Level II quotes normally, but I noticed, while they were available for free from IB that if I entered a limit bid outside the market, it usually was directed to Island and showec as green on my TWS. However, when I checked on Level II it was ofetn not to be seen. Can anyone explain...

Candle, I am wondering if the others had similar results to you in percentage terms. You are all sharing the same information, so the variance in results might be a good indicator of how important the 6 inches between the ears is to trading success. Would you care to share some details in this...

It would be nice it the search by name function would bring up a list of that poster's most recent messages that could be reviewed by clicking the list, rather than a list of the threads where they have contributed.

"In the simplest of terms, hedging a portfolio using index futures is much easier than building an entire line of several stocks. " Geez, I got it right. Now, where do I apply to become a hedge fund manager:)

But Magna you have already shown your willingness to trust vendor motives, whereas I am ever the sceptic. Perhaps it's less about teaching people how to trade huge positions and more about publicizing in a place where people with money hang out, the fact that he has or is about to have a hedge...

"sorry, can't agree with you on easiness of trading and commenting at the same time" Well Chris claims to trade hundreds of thousands of shares successfully while commenting as well. We may be talking at crossed purposes here. I am not interested in whether you can personally trade your...

Can I ask for futher clarification please. My broker does not place the stop order on the specialists book. Instead it is on the broker's computer. When triggered a market order is sent to the exchange. Are you saying that my market order will be aggregated with any other stop order already...