Mr. Charts
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Today, Friday, being the 3rd Friday in the quarter month - and the summer month - always has the potential to be a tedious day, especially for index/futures "players". Most will understand exactly why that is predictable.
However, for those who can find the HOT stocks there are usually, though not always, good opportunities.
Before the market even opened I pointed out elsewhere on the web several stocks which could show good readable technical movement which capable traders using the right set ups and triggers can make money from with the usual mimimal risk. They were ADBE, NBIX,OVTI, TRID and FMCN. All except TRID produced great profitable moves. I suggest anyone with an open mind looks at both the 1 min and 5 min candles of those stocks for themselves.
For those who skim through posts seeing only what they want to see - well, they can keep on living inside their strictly defined enclosed little worlds and keep on missing out.
For those who trade purely core stocks it wasn't an easy day, but for those who add in HOT stocks to their repertoire, the volume and movement and technical analysis were all there to make money from.
For me and my group it was yet another very good day and VERY easy to trade.
Do check out those stocks and you'll see what I mean. Anyone who can't see the opportunitiies even on a simple technical analysis basis should get themselves a decent TA book and stop thinking they know it all - they don't - none of us know it all - as I've said before, be humble and discard the ego.
Trading is like the planet, we are privileged to spend time here and respect it, we are not its bullying masters even though the egotistical maniacs fool themselves into believing they are.
Richard
However, for those who can find the HOT stocks there are usually, though not always, good opportunities.
Before the market even opened I pointed out elsewhere on the web several stocks which could show good readable technical movement which capable traders using the right set ups and triggers can make money from with the usual mimimal risk. They were ADBE, NBIX,OVTI, TRID and FMCN. All except TRID produced great profitable moves. I suggest anyone with an open mind looks at both the 1 min and 5 min candles of those stocks for themselves.
For those who skim through posts seeing only what they want to see - well, they can keep on living inside their strictly defined enclosed little worlds and keep on missing out.
For those who trade purely core stocks it wasn't an easy day, but for those who add in HOT stocks to their repertoire, the volume and movement and technical analysis were all there to make money from.
For me and my group it was yet another very good day and VERY easy to trade.
Do check out those stocks and you'll see what I mean. Anyone who can't see the opportunitiies even on a simple technical analysis basis should get themselves a decent TA book and stop thinking they know it all - they don't - none of us know it all - as I've said before, be humble and discard the ego.
Trading is like the planet, we are privileged to spend time here and respect it, we are not its bullying masters even though the egotistical maniacs fool themselves into believing they are.
Richard