I get an extra boost of confidence when a stock that I have recently read about (from technical trading blogs that I follow) hits my RT scanners. Often these stocks are already on my watchlist. Such was the case today with RIMM (Jamie's post here last night) and AU (HCPG blog a couple of days ago). The fact that the stock is being noticed/discussed elsewhere implies move potential in either direction - I simply go with the NOW moment flow.
Also from the scanner, UNP had a very nice gap up and consolidation setup. The snapshot below captures some key scanner hits today and 15min charts for RIMM & UNP with the associated NR7 bars highlighted. I just love it when a scan, I mean plan, comes together.
2 comments:
Curious if you could mention these technical blogs that you follow - I am always on the lookout for additional blogs in this area - Tom
Tom,
Most of the blogs that I follow (and some that I don't follow regularly) are listed (by Jamie) on the right hand side under "WARRIORS". In addition to Wall St. Warrior (Jamie), some good ones are: HCPG Blog, The Art of Trading (Stewie), TraderAm, Maoxian, and Trader Mike.
Many trading blogs seem to have stopped/reduced postings of late. Several blogs that I followed (previously) fall into this category - OONR7, Anarco's Blog, Day Trading Journal, TraderX.
Helpful notes: 1) Many times candidates are mentioned in the comments instead of main posts. 2) You will notice that many blogs only post stocks "as traded" and do not forecast ahead. You can still get good trading ideas (watchlist) from these blogs as an increase in volatility may produce good patterns for several days to weeks. 3) Some blogs tend to only show charts of the broad market/indices. Also helpful if you can match/correlate patterns in your watchlist stocks to patterns in the broader market.
Hope this helps.
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