Trading the US the Naz/Mr. Charts Way

[neil]

Rimm

For you RIMM watchers ( have put it on my visual watch chart list now)

5 minute chart

Sadly I cannot start trading until later

 

[neil]

Evfening Trader

Dow............good thus far;

And my usual...CAT (NYSE)...might get dumped in favour of RIMM shortly

O dear, I am verbose tonight - better retreat for a few days methinks

 

[lloydsc]

Gainers

[Neil

www. nasdaq.com will show you the pre-market activity for stocks (vol/ %/ $). This acts as a good indicator.

www. realitytrader.com shows you stocks with news and breaking stories.

Regards
Steve



QUOTE=neil]Dow............good thus far;

And my usual...CAT (NYSE)...might get dumped in favour of RIMM shortly

O dear, I am verbose tonight - better retreat for a few days methinks [/QUOTE]

 

[neil]

Thankyou lloyd

[Neil

www. nasdaq.com will show you the pre-market activity for stocks (vol/ %/ $). This acts as a good indicator.

www. realitytrader.com shows you stocks with news and breaking stories.

Regards
Steve



QUOTE=neil]Dow............good thus far;

And my usual...CAT (NYSE)...might get dumped in favour of RIMM shortly

O dear, I am verbose tonight - better retreat for a few days methinks

[/QUOTE]

Google has been commented on:

Rimm from the off and moving down just now?

 

[neil]

Up Dow - down Dow?

And the Dow, to me anyway, looks as if its all over the place. The above shares seem to trend better, maybe most shares trend better than indicies?

 

[neil]

For the RIMM watchers

Rimm from the off:

 

[Salty Gibbon]

RIM(M) keeps you on EDGE doesn't it Neil ?

Sorry !!

 

[neil]

Roflmao

RIM(M) keeps you on EDGE doesn't it Neil ?

Sorry !!

Yes it does

 

[Mr. Charts]

neil,
There are plenty of shares which trend all the time, whereas CATerpillar moves like, well..................
Richard

 

[Naz]

Update to #24 of this thread.

I worked with a US trader once who had a second account which he used for swinging stocks that he followed intra day.He got me into doing the same thing.Sometimes you can sense a multi day move coming and its handy having a second account to put a position in, so the wiggles and jiggles of the intra day movement dont freak you out as you go for the bigger move.

I got stopped out of GOOG yesterday on one of those swing moves even though i'm trading the stock intra day,i'll attach the chart for interest.

 

[Mr. Charts]

Talking of swing moves, these are at year highs and lows:
CMTL AFFX MACR KOMG PHRM ANPI
Richard

 

[Salty Gibbon]

Market very slow today going into the holiday weekend.

Anybody had any decent movers ?

 

[Mr. Charts]

STLD and UTHR
Enjoy the w/e
Richard

 

[Salty Gibbon]

You too Richard.

Let's hope the weather holds although a thunderstorm looks like a high probability event.

 

[neil]

Nice one Richard

STLD and UTHR
Enjoy the w/e
Richard

Well spotted that man

 

[Mr. Charts]

Tuesday May 31st.

GOOG was sitting on its trendline at 274

 

[Mr. Charts]

When that trend line was clearly breached I shorted GOOG 273.72

 

[Mr. Charts]

...and covered when it dipped below the whole number and was met with support on level 2
for + $1.74

 

[Mr. Charts]

It's an interesting one I think, because price pushed up to a new high in a classical test at 10.32 and then drifted off before deciding to slump. It seems some of those who were long from earlier finally decided to take their profits.
After my exit it slipped only 4c more before bouncing to 273, then off south again, testing that minor low to 271.67 before bouncing again.

Many people think stocks like GOOG are somehow hard to trade, but there are occasions when they follow classical TA movement and are fairly easy.
Richard

 

[neil]

Rimm again Salty

Evening trade on Rimm. Was frightened out of first attempt. Notice length of volume bar on second entry.