Head and shoulders, MACD divergence, rising volume on decline, falling volume on incline, broke it's latest trendline.
I'd have to agree it likes more probable this one is going down.
ae_trading
Exactly.
You also have to not beat yourself up to much Goodpunk because the volatility on the stocks you are trading is very low. The range is so minimal that it is tough to ever get big moves over short or long time frames.
ae_trading
GoodPunk you need to keep a cooler head. Otherwise you can't make good trades.
At this point what are you trading? NT and LU?
And your still scalping right?
What is the basis for your trades?
You may want to consider having a longer holding period every couple of trades.
I...
Looking for a breakdown from this support around 1.326. I'm not long or short, but buy stops are set below at the moment.
Interesting how that latest downspike hit support right around the same strong support from a couple days ago.
ae_trading
EUR/USD heading towards another test of this resistance around ~1.333. Wonder if it will break up or down. The down dips keep getting smaller so it seems a larger move is on the way.
Thoughts?
ae_trading
Nice work today. Was that your most profitable day yet?
Are you still only trading LU because it seems to be having a higher range lately in this up trend. Something to consider.
ae_trading
Punk,
I think you need to realize that most prop traders lose money consistently. So your ability to remain positive over the past week is an indication that you are are better than the worst.
-ae_trading
Yes there are REIT's that invest in trailor parks. I couldn't name any of the top of my head. Most parks are classified in different categories based on the quality of the park, size, etc. Recently the valuations of most of the best quality parks have spiked due to the number of REIT's...
Well I guess I could try to cover my ass by saying it broke for a short while. Clearly you were on the right side of the trade, just a little early.
-AE
TA basis? As in technical analysis basis?
Looks to me like the medium term and short term trend is down.
KKD is forming a descending triangle. It is only a matter of time before it breaks down. At least that is what I would say if depending on a TA basis.
-AE
Anyone trading the breakout from the e-mini Nasdaq 100 March 2004 ascending triangle on the daily chart? Meaning the triangle that has been forming since Sept 29th or so.
-AE
You don't start with penny stocks becuase the volume and price and incredibly low. This combination makes it easy for others to manipulate the price. In addition, a very small move in a penny stock can wipe you out. As the previous poster said, megacaps are the best to start with because volume...
Some good trading education websites:
www.investopedia.com
www.finance.yahoo.com
Just follow links you find on other sites and then click on "educaion" or "training" once you reach those sites.
And like the previous poster said- don't start with penny stocks.
-AE