johnpaulca 12,036 posts msg #71720 - Ignore johnpaulca |
2/24/2009 3:56:57 PM
Radiomuse: this stock is in a down trend. MACD is below zero, CCI(50) is below -100, price is below BB(10,0.2) all day.

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13th_floor 724 posts msg #71721 - Ignore 13th_floor |
2/24/2009 4:02:14 PM
56 close..... down $1000 on 400 shares...stay tuned as I dig myself out of this(i hope,lol)
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johnpaulca 12,036 posts msg #71722 - Ignore johnpaulca modified |
2/24/2009 4:14:19 PM
13th...we all know how that feels bro, pray we don't get a gap down tomorrow, that would really suck...good luck.
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Radiomuse 288 posts msg #71723 - Ignore Radiomuse |
2/24/2009 4:24:40 PM
JP - I know it was trending down, but tried to catch a little reversal at the end, thought some price action was confirming it. And I actually went long at 59.10 after it broke above the 1.04 BB - damn...how many BB do you use!!!!! LOL!
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johnpaulca 12,036 posts msg #71724 - Ignore johnpaulca |
2/24/2009 4:42:18 PM
Radiomuse: I wait until it opens above the trigger BB before entering. If it's a wide range bar then I wait for the retest and they will retest at some point.
-HTH
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Radiomuse 288 posts msg #71728 - Ignore Radiomuse |
2/24/2009 9:51:23 PM
When you say you wait until it opens above the trigger....do you mean you wait until a 5min bar opens above the BB? And if the previous bar (that broke the BB) was a wide-range bar, then wait for a successful retest before jumping in?
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Eman93 4,750 posts msg #71729 - Ignore Eman93 |
2/24/2009 10:31:20 PM

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Eman93 4,750 posts msg #71730 - Ignore Eman93 |
2/24/2009 10:45:59 PM
John
FAZ went to 54.83 in after hours.........
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johnpaulca 12,036 posts msg #71737 - Ignore johnpaulca modified |
2/25/2009 8:52:54 AM
When you say you wait until it opens above the trigger....do you mean you wait until a 5min bar opens above the BB? And if the previous bar (that broke the BB) was a wide-range bar, then wait for a successful retest before jumping in?
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That's exactly what I mean...open and close above the trigger. This way you don't get as many head fakes and with a wide range bar you often get a retest of the breakout zone(BBand).
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johnpaulca 12,036 posts msg #71739 - Ignore johnpaulca |
2/25/2009 9:06:51 AM
FAZ...fresh off the press, I have highlighted the breakout and the retest bars.

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