tag:blogger.com,1999:blog-19713238.post101851147170945687..comments2023-11-05T06:41:02.893-05:00Comments on Wall St. Warrior: Technical Picture - Inside DayTJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-19713238.post-36289713798856220412011-03-11T01:07:46.191-05:002011-03-11T01:07:46.191-05:00Hi DW,
I also run a scan at 10:00 looking for sto...Hi DW,<br /><br />I also run a scan at 10:00 looking for stocks with momentum.<br /><br />I scan for stocks trading above previous day close by 1.005% with volume tracking at 1.5 times previous day and daily RSI > 60.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-43363364137950663022011-03-10T22:27:04.964-05:002011-03-10T22:27:04.964-05:00Hi Jamie,
Great explanation! Thanks.
I am afraid...Hi Jamie,<br /><br />Great explanation! Thanks.<br /><br />I am afraid I have not got the key about how to use the news. Every morning I just pickup gap up/down lists from Briefing.com and then leave it. Recently I found it is hard to get a good candidate from this news list. I do not know whether I am using it in a wrong way? I make another list by scan the market at 9:45 to find the stocks gain/loss > 2% since open. <br /><br />DWDWhttps://www.blogger.com/profile/17468632019286499637noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-82677532158105080792011-03-10T15:21:26.049-05:002011-03-10T15:21:26.049-05:00Hi DW,
If I had been watching IBM when it formed ...Hi DW,<br /><br />If I had been watching IBM when it formed the high, tight flag, after the open, I would have traded it long above the blue line. No need to to confirm with other indicators, except volume. But it is always good to check the news. IBM targets were raised by two analysts, hence the big move despite a weak market.<br /><br />This a good example of a stock that makes a strong impulse move with a spike in volume and consolidates that move with a low risk handle (flag). These are the best setups for momentum traders.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-5720306187113240572011-03-10T07:59:33.443-05:002011-03-10T07:59:33.443-05:00Hi Jamie,
If you trade IBM yesterday morning, wou...Hi Jamie,<br /><br />If you trade IBM yesterday morning, would you use ADX, SPY or other indicators to make decision? Or just depend on the patterns?<br /><br />Thanks a lot!<br /><br />DWDWhttps://www.blogger.com/profile/17468632019286499637noreply@blogger.com