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SK's Heir To The Throne: $3,000 to $6,000 -- Currently $4,940 - Page 2

post #21 of 282
Thread Starter 

Scheming on SJT right now.. looking delicious ...

 

 

also got SLTM on watch.. this $2.34 arena looks attractive 

 

Screen Shot 2012-01-18 at 11.14.17 PM.png

 

 

 

 

post #22 of 282
Thread Starter 

Exited my UNG position for a small loss. Looking to jump back in UNG, and HGT soon

post #23 of 282


 

Quote:
Originally Posted by Stock King View Post

It's listed under the chart...

 

I'm still interested in this stock, I was trigger happy on my buy target. 
 



 


I only asked because I wasn't sure if it was a set up for 'pinch' play or if you were going for a bounce on the automatic reversal which you said wasnt the focus in an earlier post..

just trying to learn..

post #24 of 282
Thread Starter 

My bad if I sounded offensive, didn't mean it like that. tongue.gif

 

You need to understand a "pinch" play is the automatic reversal
 

Quote:
Originally Posted by perezidential View Post


 


I only asked because I wasn't sure if it was a set up for 'pinch' play or if you were going for a bounce on the automatic reversal which you said wasnt the focus in an earlier post..

just trying to learn..



 

post #25 of 282
Thread Starter 

Wallah, SLTM bounced precisely on that $2.34 arena to a high of $2.56 (which was prior resistance & where the 5 day POC was located), with an intraday pinch on volume expansion. I bought @ $2.40 and sold @ $2.50 for 10 tick profit. thumbup.gif

 

(15 min)

Screen Shot 2012-01-19 at 8.41.40 PM.png



Quote:
Originally Posted by Stock King View Post

Scheming on SJT right now.. looking delicious ...

 

 

also got SLTM on watch.. this $2.34 arena looks attractive 

 

Screen Shot 2012-01-18 at 11.14.17 PM.png

 

 

 

 



 


Edited by Stock King - 1/20/12 at 2:10am
post #26 of 282
Thread Starter 

Okay so this first week I had 3 positions (UNG, HGT, SLTM). Lost on UNG, and HGT and gained on SLTM. 

 

Week 1: Gain/Loss: +$43

 


I'm still looking to re-enter UNG and HGT.. the makers keep testing supply and theres still much of it so far on both, but they look to be leveling out. 

post #27 of 282
Thread Starter 

After researching about volume price analysis and other techniques its clear that the market predicts its imminent future. You need a keen eye and knowledge to spot this and could become prosperous if you use this advantage with proper disciple.

 

The marketplace facilitates trade, it gathers buyers and sellers to form the "market" thus creating volatility. Volatility is ESSENTIAL for profitability in trading. But how does the market facilitate trade? Its called a "dual auction process", where the MM's mark up the auction until buyers are exhausted and then marks down the auction until sellers max out. So a stock moves up to shut off buying, and moves down to shut off selling. VBP bars (Volume By Price) are on my charts I show, and they are very beneficial to my trading because I can see where volume is related to a specific price range. Remember volatility is essential, but volatility doesn't happen without VOLUME. Volume shows "attraction" levels at certain price ranges. As price moves closer to high volume price ranges you'll most likely see the stock move with increasing momentum. 

 

Damn, I'm just ranting.. taking notes.. don't mind me

post #28 of 282
Thread Starter 

CANDIDATE FOR GREATEST PINCH EVER?

 

 

Screen Shot 2012-01-19 at 9.17.40 PM.png

 

12 straight green days 2guns.gif

 

 

post #29 of 282

NPD...insane...hope you got some of that....

post #30 of 282
Thread Starter 

I did not sir.. very upset about that. But I would of held for one day and sold laughing.gif, who could of held that long? Inhumane  

 

Quote:
Originally Posted by OldFart View Post

NPD...insane...hope you got some of that....



 

 

post #31 of 282
Thread Starter 

So Thursday I entered SJT @ 18.20, I did some analysis 

 

Screen Shot 2012-01-20 at 8.27.23 PM.png

 

Also liking the daily candle and volume

 

Screen Shot 2012-01-20 at 8.36.33 PM.png

 

 

post #32 of 282
Thread Starter 

Pissed I didn't jump in WNI

 

Screen Shot 2012-01-20 at 10.03.09 PM.png

post #33 of 282
Quote:
Originally Posted by Stock King View Post

My bad if I sounded offensive, didn't mean it like that. tongue.gif

 

You need to understand a "pinch" play is the automatic reversal
 



 


Thats cool... Didnt take it like that..

 

I understand a bit better now...thanks

post #34 of 282
Thread Starter 

So usually I'll trade daily pinch set ups, or i'll trade Wyckoffian "Creek" plays after a selling climax has happened. 
 

Quote:
Originally Posted by perezidential View Post


Thats cool... Didnt take it like that..

 

I understand a bit better now...thanks



 

post #35 of 282
Thread Starter 

1317664598_kid_vs_water_hose.gif
 

Quote:
Originally Posted by Sampy Miller View Post

now a days most are interested like trading for better profit..........investment is the best procedure to get best money .................................



 

post #36 of 282
Thread Starter 

Just sold SJT @ 19.04 for 84 ticks

 

 

 

Screen Shot 2012-01-23 at 8.34.22 AM.png

post #37 of 282

Very nice on SJT!

 

HGT and UNG are moving up nicely today


Edited by perezidential - 1/23/12 at 2:31pm
post #38 of 282

Nice job SK.

What are some of the stocks you are watching currently?

post #39 of 282
Thread Starter 
Quote:
Originally Posted by perezidential View Post

Very nice on SJT!

HGT and UNG are moving up nicely today

Thanks Perez!

All my stocks on my list are BOOMING today.. SJT, HGT, UNG, and WNI
post #40 of 282

Rack City Bitch, Rack Rack city bitch2guns.gif

 

 

 

cool.gif

 

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