RDDT: Feel free to comment. BO

[MarkBrown]

How did you come up with 35% ?
Yeah looks slightly bullish. Can print 90-100$

from the transcript of a trial where toby crabel testified what was unique about his trading method, claiming an x ployee used it to get a job at a competing firm.


well when i find the court case again i will post the link - i found it 20 years ago

 

[Sekiyo]

from the transcript of a trial where toby crabel testified what was unique about his trading method, claiming an x ployee used it to get a job at a competing firm.


well when i find the court case again i will post the link - i found it 20 years ago

I didn’t find the transcript (only terms and agreements) nor the answer to my question

Alright, thank you very much

 

[Bugsy]

I didn’t find the transcript (only terms and agreements) nor the answer to my question

Pretty close to a Fibonacci retracement line that gets hit a lot (38.20%).

 

[Sekiyo]

Pretty close to a Fibonacci retracement line that gets hit a lot (38.20%).

Why not. But 35% for GME hits different than 35% for MSFT. I wonder if it’s a magic number or a formula (that takes into account volatility).

 

[Bugsy]

Why not. But 35% for GME hits different than 35% for MSFT. I wonder if it’s a magic number or a formula.

It depends on the time frame. A 35% move of a given range on a 5 minute chart isn't much. Let's say it ranges in a $3 range, between the price points of $432 and $435. You buy in at $432 and exit at 35% of $3 which is $433.05.

 

[Bugsy]

Why not. But 35% for GME hits different than 35% for MSFT. I wonder if it’s a magic number or a formula (that takes into account volatility).

https://ibb.co/5RwRDnN

 

[Sekiyo]

It depends on the time frame. A 35% move of a given range on a 5 minute chart isn't much. Let's say it ranges in a $3 range, between the price points of $432 and $435. You buy in at $432 and exit at 35% of $3 which is $433.05.

That’s right. It’s 35% of a range. My bad
Thanks for clarifying this to me.

 

[Bad_Badness]

back on topic. Notice the low volume and the Break Out (BO). Now of course the FOMC will cause havoc soon.... But a positive reaction, 70-ish is possible and a clear exit in the short term.

 

[Bad_Badness]

Volume ended at about 3.8 million. So now increasing volume to the high side of the volume range.

If there is a high volume (5mil+ day) that might be a local high and a good exit.

 

[Bad_Badness]

Took 1/3 off here.