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Yes it does. Price opened higher and closed higher than the previous day. Especailly to someone looking on a 1hr, or a 5min chart, that would very much look like a breakout. Price is in a downtrend?..according to who?..you?...markets are created because everyone has a difference of opinion...

Trader, I'm actually in the process of starting a payday loan company here in my state. Still waiting for my license to get approved. Most places charge 17.5% of a loan..this is the maximum by law, but I'll under-cut everyone :) kon

There is more to Day Trading, and Swing Trading than just time frame alone. Here is why... 1. Day trading cost a lot more to start..25,000 for trading stocks (retail), and for futures, depending on the broker, up to 10,000, but I think 2,000 is the norm for a basic margin account. Swing...

Current holdings: Short LUV from 12.35 (-3.75%) Long FCX from 73.78 (+9.1%) Long GLW from 18.09 (2.1%) Long REGN from 25.71 (today) Long XOM from 66.88 (today)

Got taken on REGN, also long XOM at 66.88..bought the highs, but only took 1% risk with stops at 65..will add more when price comes down to more reasonable buy levels.

those fibs are way too small in range imo...es could blow through that in a heart beat, but gl.

Regn. Taking 1% risk when price breaks last 1hr high.

I dont understand then, how is it going to find the best pairs, if it doesn't scan every stock in that secor against eachother?... I still cant figure this out...i have 100's of pairs that have been givin to me, but I still am unable to add anything to "my portfolio" as done in the video. I...

I have only one group, called "oil stocks"...of about 100+ stocks, the back tester and everthing has already ran..so now I'm in consol. I figure trading the pairs that have the highest correlation will be my best trades, so I want to add the top 10 to my portfolio. and I don't know what the...

I just down loaded the free trial for pair-trade finder but I cant find the darn add button to add a pair..I clicked on the pair i want and went to analyize pair, just like the tutorial on youtube, but there is no "add" button.. @ 3:01 in the video http://www.youtube.com/watch?v=6AGz0m6bI2g...

rtm... read the market?

And you're going to be averaging down at every fib level, like you have been doing in your examples?

You cant compare eating soup to trading, its...as you like to say "Completely outside the realm of trading" :)

Anyone that has the ability to trade for a living, is in my book more-or-less retired. :) when will you start posting 100k weeks? :p

here is an intraday chart for wynn on a 5min. The gap at the open blew past the fib levels of the previous day.

I could use the previous days high/low, but fore pure day trading I don't think it'dbe very reliable for the following reasons... * On a day to day basis, dealing with gaps would be a problem if it breaks above or below the fib levels of the previous day. * Lack of time--> As a day trade...

thank you, I agree.

Is this an honest attempt at trading fibs with real money?

I find the 200ema to be useful, but I dont "trade" it. I like to see where price is in ralationship to its 200ema. If price is above, I in simple terms, dont like to be short when price is above, or long when its below. There are exceptions tho.

+1. I wish more people thought like you. If your a trader and your not making much (like me), or some who dont make anything, then the community seems to write them off as dead wood. I think this is why a lot of traders (pros) dont teach or share knowledge is because they have all this built up...