Best Thread US day traders thread.

[Mr. Charts]

There's plenty of hidden depth and layered ECN depth for bigger fills, of course.
Hope that helps,
Richard

 

[Bez]

Good to see Mr Charts again

Gadgetman great stuff !! I'm just pleased you found it useful

Bez

 

[MarkB]

Hi Bez,

Nice trade on Rimm today.

Hope you don't mind me asking but I wondered what your chart settings are. My charts don't show gaps like yours do, I noticed this yesterday as well. Ive attached a Rimm chart for today to show this.

Cheers

 

[Bez]

Yes sorry about those...

Just me being lazy on the back fills ( as i don't like the auto option)

I have Quotetracker charts running at the same time ( all upto speed)
...while I use Ensign for technical stuff....

 

[MarkB]

lol Bez,

Had me puzzled I must say.

Doesn't seem to affect your trading though :cheesy:

Cheers for clearing that up!

 

[PitBull]

Just a quickie, as Im still in RIMM. What a great couple of trades I've had in RIMM today and still going strong.

 

[PitBull]

GSCO now has stepped in at 64.72. lets see if we can get past him

 

[PitBull]

GSCO, LEHM and NITE now flipped to the BID and buying everything in sight

 

[PitBull]

we have lift off, NITE out of resistance at 64.75

 

[PitBull]

UBSS holding resistance at 64.95

 

[PitBull]

65 has popped !!!! )))))

 

[PitBull]

big size coming in now at 65

 

[PitBull]

out 64.65. Wow what a ride!!

 

[PitBull]

Reason for exiting was the second red candle on a 5min chart. What an adrenaline rush that was!!!! Phew. I feel like screaming what a trade!!

From reading level 2 and watching the MMs and seeing where size was being printed, I didnt panic when a sea of red goes by and the time and sales for 100 share each. I was counting the candles, 1 green 1 red 1 green etc, all making higher lows, why panic and exit when you get a red candle.

Will post entry soon

 

[Bez]

maybe its just me P^ssing in the wind...

But from a technical perspective the pattern is bearish indicating short covering greedy buyers coming in late...

 

[jimmy1jag]

Action at 64.00 will be interesting

 

[PitBull]

Bez

No technicals about it, go where greed goes and follow where fear falls ; )

 

[jimmy1jag]

Blimey!

 

[Bez]

Bez

No technicals about it, go where greed goes and follow where fear falls ; )

Or some would say follow the smart money who play to these traders emotions

 

[PitBull]

Yes Bez, very well put!