XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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DislikedPSX perfect pennant, this thing can seriously blow higher really soon. I am eagerly waiting for some volatility. If it heads higher, it would be trading into unknown territory and who knows where it could head to!Ignored
DislikedWow she looks to be on a rampage, I have to look back at the older chart.....
you know where it is?
sh!t - on my screen I've started a new page. not sure about yours.Ignored
DislikedHey X,
Lol yeah, she does seem to be on a rampage, I started following the stock a long time ago after I liked the fundamentals with the fact that PSX being a spinoff off of the mighty ConocoPhilips being the main thing I liked about the stock. I then started following it technically, it looked to me like it was setting up for a breakout in this post here.
Following that post, I got my trigger of why this thing was going to breakout forcefully and head north due...Ignored
DislikedHi Split, I want to share with you 3 of my swing trades. I have selected them with your stock picking criteria, and I have good results!!!
Thank you for your excelent thread!!!Ignored
DislikedGREAT EXPLANATION and teaching, this is what makes me want to trade stocks as well.
Thanks SPLIT! You are doing a great job here in this thread don't stop.
XTIgnored
DislikedHeres one industry on fire, biotechnology. With these 2 stock in particular leading the industry ALXN being the rocket fuel behind the IBB engine.Ignored
DislikedBelow I have attached two screenshots of why ignoring technicals is deadly. The first chart showing what a fundamental trader would have done on 18/6/2012 and what would have eventually happened to MCP on 3/8/2012.Ignored
DislikedNice setup aserbfx, hope it works out for you.This stock is heading north while the market is headed south, awesome relative strength here.
I wanted to daytrade this stock on monday to catch some of its momentum to the upside but then realized that it was a +$100 stock with an ATR thats double the normal ATR I trade so I opted for other ideas.Ignored
DislikedHi gregofx!
URI: Looking at the chart, I dont see a proper base in URI, I expect it to head lower and form a higher low before a base is complete. The NYSE...Ignored
DislikedHi Split, please could you tell me what are the cons of trading +$100 stock with an ATR thats double the normal ATR you trade? I was reading Post 134 and want to figure out this concept.
Thanks!!!Ignored
DislikedWow she looks to be on a rampage, I have to look back at the older chart.....
you know where it is?
sh!t - on my screen I've started a new page. not sure about yours.Ignored
DislikedATR's assess the volatility of a financal instrument, a higher ATR indicates that a stock can be more volatile than a lower ATR stock. stocks over $100 are very volatile, you can make a lot of money trading them and you can also lose alot of money which makes it hard to manage risk unless you have a very big account where you don't mind the ATR.
For example, Google is a $677 stock. In order to buy 100 shares of google which is the bare minimum you need $67700. Google's 10 day ATR is 9.17, that means that on a normal day if you bought 100 shares...Ignored