EWZuber
1,373 posts
msg #29557
- Ignore EWZuber |
10/29/2003 5:48:29 PM
NVDA did test the 50 DMA as support today as expected and it held. Actually it looks more like a test of the 15 HR.MA on hourly charts. Trendline resistance from 6/6 held it back as the stock bounced down just a bit off of it closing flat with yesterdays close.
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TheRumpledOne
6,407 posts
msg #29561
- Ignore TheRumpledOne |
10/29/2003 10:43:47 PM
EWZuber:
"Once again these writings are strictly for the purpose of discussion and education and not intended as suggestions for any individual or otherwise to actually trade the stocks mentioned."
Oh come on... tell us when to load the boat with a stock. The thing is you have to TRADE the stock not just buy it. One must SELL the stock. As in, TAKE PROFIT or CUT LOSS. That part seems to be lost on some traders.
MAY ALL YOUR FILLS BE COMPLETE.
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EWZuber
1,373 posts
msg #29564
- Ignore EWZuber |
10/29/2003 11:46:29 PM
As far as NVDA is concerned I would still be holding the stock. So I would be holding until a candlestick closes below trendline support on the hourly chart. So far that hasn't happened with NVDA.
Everyone has a different time line that they deal with. I have had to get accustomed to holding for longer periods with a position that is working because I have little capitol to work with and only get 3 daytrades over 5 days. After that I can't trade at all.
If you like I will post some NVDA trades based on the 5 minute or 1 minute chart as a demonstration so long as it doesn't interfere with my own trading.
Exit signals I use are usually exactly the opposite of entries.
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EWZuber
1,373 posts
msg #29572
- Ignore EWZuber |
10/30/2003 1:43:26 PM
TRAD broke out today.
Also bought some VOCL just above the 200 DMA @ $2.54. ( from a stochastic oversold screen )
Stop just below the 200 DMA @ $2.50 or a break of short trendline support on the 5 min. chart.
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EWZuber
1,373 posts
msg #29573
- Ignore EWZuber |
10/30/2003 2:04:48 PM
Sold TRAD @ $9.03 on break of trendline support.
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EWZuber
1,373 posts
msg #29575
- Ignore EWZuber |
10/30/2003 2:34:53 PM
NVDA broke trendline support on the hourly chart but the stock is very oversold in this time frame and the hours candlestick is not complete. So will hold off to see if it climbs above old support or bounces down confirming it as resistamce @ $18.28.
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EWZuber
1,373 posts
msg #29576
- Ignore EWZuber |
10/30/2003 3:39:53 PM
NVDA bounced down from the TL confirming it as resistance and was a sell at $18.18 as it broke trendline support on the 5 minute chart after making an attempt to break short term trendline resistance at 2:25 ~ 2:30.
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EWZuber
1,373 posts
msg #29577
- Ignore EWZuber |
10/30/2003 3:46:58 PM
Thats about +8% on NVDA. Not bad considering it was called 'the chart from hell'.
Buying again at $18.02
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EWZuber
1,373 posts
msg #29578
- Ignore EWZuber |
10/30/2003 4:06:44 PM
NVDA overbought on 5 min. chart stochastics -xover and breaking short term trendline support. Selling at break even.
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EWZuber
1,373 posts
msg #29580
- Ignore EWZuber |
10/30/2003 4:17:10 PM
Didn't like the action on VOCL. Sold it at $2.58 on a spread $2.54 X $2.58. Figured if someone was willing to make the spread i would sell, better to make a couple bucks than lose anything. Surprised me to see it go.
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