[Mr. Charts]

I personally use interactivebrokers and trade US stocks full time. I believe Naz prefers another co.
Richard

[Naz]

I use www.directaccesselite.com.No telephoning,pure direct access.

Good trading the last few days, bad for buy and hold.
I believe that if you can spot something intraday and try to add it to the end of day picture Sometimes you can pick some great EOD continuation moves.

VLO has been one such move.It set up intraday for a collapse which was also a false break out in the EOD charts.It can then be transfered from an intra day trade into managing it with EOD skills.Charts 1 and 2.

Buy the rumour sell the news.Great advice but normally the earnings hype is so emotive that post market and pre market trading will push a stock to the extremes causing a gap before selling off the next day.When one of your leaders comes in with great earnings and that move is not there you know there's a problem.Chart 3 was AAPL post market trading after good results and you can see that they just didn't want to know.(When GOOG did the same a while back it ran up nearly $20.)

Chart 4 is the subsequent collapse in the next couple of days.

What to learn from this,I believe, like others that big market falls can sometimes be spotted by how major leaders are behaving.


Naz

[chump]

"What to learn from this,I believe, like others that big market falls can sometimes be spotted by how major leaders are behaving".....agreed...Livermore referred to it I believe "as nothing more than observing conditions"..pardon me if I am not word perfect from memory but I think this was close enough...hope you are keeping well Alan

[Naz]

Hi Chump,

Nice to hear from you.I think you are right Livermore did make it one of his observations.
It's still happening today as it was in his time.

[Naz]

Here is the GOOG results play.It caught me a little off guard with the speed of the results coming out so soon after the close therefore i had to do lots of things very fast so its just a rough guide of how it played out.

[Naz]

GOOG update.It carried on running to the end of post market trading.

So excluding any major pre market moves,it will now create a large gap for trading today.Which will allow many traders to put their gap and first hour trading skills to good use.

Naz

[Mr. Charts]

Many people reading this thread also read :
http://www.trade2win.com/boards/show...923#post171923
and
http://www.trade2win.com/boards/show...603#post169603
and
http://www.trade2win.com/boards/show...436#post149436

There is a new private forum run by Naz and myself and we both wish to invite virtually everyone on t2w who is interested in US shares to join.
Active contributors, people who read but don't post, newbies are ALL VERY WELCOME.
The idea is that the new forum is open to absolutely everyone who is interested apart from a very tiny number of deliberately disruptive people.

Go to Discussion
Discussion boards
Scroll down to members private boards
click on "Trading the US the Naz/Mr. Charts Way"

"In order to be able to read and post in this forum, members must request access from Naz and/or Mr. Charts, using the "Group Memberships" link which is found in the User Control Panel. Please be advised that members who disrupt the new forum can have their membership of it withdrawn at any time. "

The idea is that the new forum will be a place where we can share more of what we do, other people can positively contribute without fear of disruption and all those who simply prefer to read and not comment can do so if they choose.
It should be a useful and stimulating place where serious or interested people can read and exchange ideas in a mutually helpful and peaceful environment.

Postings should start on the forum very soon.
Come and join in - it will NOT be an elitist or exclusive place, it will be INCLUSIVE.
Richard

[Mr. Charts]

I'm keeping an eye on SLAB this afternoon.
It's down premarket after news, but its behaviour on open looks potentially promising.
If it trends in either direction it might present a good trade. Obviously there is no way of knowing which way it will go yet, but there should be strong feeling about it which it makes the probability of a trend much higher - trade what you see happening, not what you think ought to happen.
Richard