Thursday, May 17, 2012

Chart Analysis

Day Trading is Not an Exact Science

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The great thing about science is that it full of fun facts and formulas.  The fascinating thing about trading is that it is not. I pointed out a support level on Apple (AAPL) at 168.67 in another post. In that post, I also mentioned that I was long Apple (AAPL) above 168.67, and short below [...]

How to Identify Trends & Key Levels for Day Trading

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I use this method regularly on stocks on my core watch list, and every time I pick a new “in play” stock to add to my watch list. You can use this method to identify overall trends as well as key levels to trade from. I have chosen one of my core stocks, Apple (no [...]

A Trade in Tweets – RIMM Short

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I had quite a morning day trading today.  The following is a transcript of my Tweets sent via Stocktwits as I traded RIMM. Since it all happens so fast, it is difficult to really give followers a picture of what I’m actually thinking, so below I’ve added what I was thinking at the time, and [...]

Rainbow Moving Averages

As my hometown wrapped up Gay Pride Week with a delightfully flamboyant parade, I wondered how I might use the powerful symbol, the rainbow, to represent the goings on within the stock market. I mostly use the SPY as my general market indicator, so I pulled up a daily chart and employed some tricky technical [...]