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A stradivarius in the hands of a hilljack doesn't mean the instrument is a piece of crap. TA is really not about testing an indicator. It's about quantifying the behaviour of buyers and sellers. Too many trader-wannabe's cannot get beyond the idea that trading involves hard work and risk...

If BRCM remains within today's range, it will be an NR4ID for Monday. Given the large upside gap several trading days ago, a break of today's low might prove interesting.

I went out early this morning just as the sun was coming up. It sure is nice out on the water then. Using small minnows I caught 5-6 crappies and a few decent smallmouth. No keepers really. It's supposed to be 93 and humid here today so I came in about 9am. Btw, the blackberry lets me keep...

I can't say I'm actively trading while fishing, but I do go fishing and have a blackberry that lets me keep track of my positions and connect with my account by internet or phone if I need to. Surely it will happen that just as I glance to the screen to make sure all is well and find out all...

There are at least two areas where intuition routinely comes into play - underlying direction, and volatility. And you don't even have to know the math. A rudimentary understanding of how price change in the underlying affects the greeks is all you need. You can pick that up today on the web...

No one here is an idiot t'man. Knowing "where it will not go" is the same, imo, as knowing where it will go, as "it" refers to the underlying. This is because the underlying has only three directions to go. If you can "predict" where it will not go, aren't you in essence predicting where it...

Samson, while I find value in understanding the greeks as they relate to option pricing, I agree completely with your premise. In the end, the trader must be right about the movement of the underlying. Expectancy is about hits and misses and profits and losses as they occur following the...

Potential fun here following an inside day. This should be nice for a quick scalp if you can play several thousand shares: BRCM daily chart -

Well said, ktm. Nicely done.

I agree with your observation that the swingtrade appears to offer more reliable profit opportunities than the daytrade.

Looking at the daily chart with what I believe is your suggested view, I see that you make a great point. Thanks for your analysis Cluseau.

The daily range for PFE using candles appears to be 'daytradeably' wider than the present opening range of +/-1 tick.

Hey Maestro, nice call on those Naz stox the other day. And BRCM support too, as well as Samson who forecast a retest of local highs. I'm in almost all covered calls and ratio writes, but I did take the breakdown short on ASH today using the underlying. The number of views you guys are...

Looks interesting 'bird, thanks for the heads up.

And thus both sides of a trade are made.

BRCM - this chart makes me think short.

CMTL failure... the one nemesis of the NRx setups..... the outside day that opens within yesterday's range. Fortunately the outside day is not a frequent occurrence. However, if one is using yesterday's extremes as stoplosses then by definition the NRx trade will help to keep those losses small...

This has worked out well so far. Nice job.

It seems worthwhile at this point to quote the original post of this thread. Bottomline however, post your chart, make your call.... that's pretty much it. Not too difficult. This garbage that has been going on recently with Brandon et al is exactly what is considered inappropriate. Don't ruin a...

BRCM - this is a range break using the DAILY chart.