tag:blogger.com,1999:blog-19713238.post6307663478683161574..comments2023-11-05T06:41:02.893-05:00Comments on Wall St. Warrior: Technical Picture - Distribution DayTJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-19713238.post-13897331506544511392010-01-13T23:03:12.461-05:002010-01-13T23:03:12.461-05:00Hi James,
I am constantly reviewing the charts in...Hi James,<br /><br />I am constantly reviewing the charts in anticipation. However, I do have certain criteria which must met before jumping in. The criteria on a 15 min. timeframe for a BO long are volume, price and proximity to 5 EMA. If a stock is running, I wait for consolidation and ideally some NRIBs. If all the criteria are met, I place the buy stop order above the outside bar or previous bar high before the candle completes. If the setup is tentative, I wait for the bar to finish before placing the order.<br /><br />If several stocks are lining up at the same time, I won't be able to get in on all of them. It's hard to manage more than 2 trades at the same time.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-82772929537087552082010-01-13T22:05:59.516-05:002010-01-13T22:05:59.516-05:00Hi Jamie,
Quick question. Do you review the stock...Hi Jamie,<br /><br />Quick question. Do you review the stock (and specifically the watchlist) for a good setup before the bar is finished forming in anticipation, or after the bars are finished forming?<br /><br />Also, if there are several stocks that are lining up at the same time with a good setup, how do you put entries on all of them without one running away? <br /><br />Thanks,<br /><br />JJameshttps://www.blogger.com/profile/13708767463859171421noreply@blogger.com