been going thru alot of charts, when I ran across FKLT, IM trying to understand the different indicators so here I go
MACD= leading line crossed over lagging line around nov14th, meaning possible buy signal, is that correct ???
Momentum bar is at about 150 (E-trade 1 month chart)which has been going up from the past 3 month (I think this is good ??)
Slow Stochastic on my chart the %K crossed up thru %D around nov20/21 which looks like 80% maybe 90%, this is good right
RSI is at about 65
Volume, this has gone down Quite abit since the 14th, and this is throwing me off as to why
looking back 1yr it stayed base line until AUG07, and has been gaing some slight momentum
there RETURN of EQUITY is 100% more efficient than competitors EPS GROWTH is greater than there competitors how ever 2 of there competitors stock is around $15.00 so anyway I think I see some good indicators(you tell me)how ever the volume has me confused So folks can you give me some insight to my early learning stages of trying to read these chart, as far as the candle sticks go, nothing jumped out at me as an indicator so is the volume trying to tell me something thanks
Posted by chuck9 on :
biker, cannot pull up the symbol on my computer. Think it is because it is a penny are under stock. If you would give me another stock, list say that is at least five dollars. I think I can help you with your questions. Chuck Posted by T e x on :
must be a low-floater...looks like it got gang-banged Oct 10:
I'm not a big fan of micro's but I like what i see so far in terms that it is above RSI 50 and above it's MA's which are lined up correctly. It's volume is down presently but that could mean that people are just holding the stock and not selling off. Don't always interpret low volume as bad. Sometimes it could be good. Just have to see the whole picture.
Anyways only thing I can say is imo you use too many "indicators" which will give you mixed signals. Less is best. Choose 2 or 3 at the most and learn them well. And imo you would do best trading stocks in the $1 and above range then these micros. They tend to be a little more "predictable" and "consistent" on a chart then the micros. Case in point. Look at RMDX.I saw patterns and signals that told me to buy it. I put a limit order in for this stock way back when at 1.60. Needless to say it miss my order by .01. Look at where it is now. ::: sigh :::
Posted by biker0962 on :
HI Mach, thanks for your reply, there are alot of indicators to look at and it can be intimidating, so I will take your advice and just watch a few and try to hone in my skills better, as far as the $1 range, to be honest that just kind of scares me right now, Im thinking I just want to invest about $120 in each company right now and that doesnt get me much at the $1 level, however in the micros I think I can get more shares and hpoefully build up my account slowly as I learn this new world of trading, or is my thinking completetly outta whack here-LOL
Tex, yep big hit and in early oct also, but still trying to climb slowly
But maybe chuck and Mach are on to something, I could just look at charts on the bigger level just to practice reading anyway thanks alot guys, Im sure I will have more ?? on the way-LOL
Posted by Ace of Spades on :
quote:Originally posted by biker0962: HI Mach, thanks for your reply, there are alot of indicators to look at and it can be intimidating, so I will take your advice and just watch a few and try to hone in my skills better, as far as the $1 range, to be honest that just kind of scares me right now, Im thinking I just want to invest about $120 in each company right now and that doesnt get me much at the $1 level, however in the micros I think I can get more shares and hpoefully build up my account slowly as I learn this new world of trading, or is my thinking completetly outta whack here-LOL
Tex, yep big hit and in early oct also, but still trying to climb slowly
But maybe chuck and Mach are on to something, I could just look at charts on the bigger level just to practice reading anyway thanks alot guys, Im sure I will have more ?? on the way-LOL
That's your first mistake....It doesn't matter how many shares you have or at what price. If a stock is .ooo1 per share or $1 per share, if they both go up %50 you made the same amount of money....It only matters about the Percent gain or loss. If you buy $5000 worth of a $1 stock it's the same thing as buying $5000 worth of a .0001 stock. If they both go up 50%, then you made the same amount even though you had more shares of the .ooo1 stock.
It's like the trick question...what weighs more a pound of featers or a pound of Dildos? ? ?
The weight the same!
Posted by T e x on :
Ace, agree with your "theory"
that is, doesn't bother me whether I'm buying 10 shares of sumpin'... or even 2 shares...
If it gains, say, 20 to 30 %...is the same as holding 200,000 shares or a million shares of some pos penny stock that runs 20-30%...
However, $5k in some thinly traded penny stocks could easily be too large a position to exit from smoothly.
a mere quibble, perhaps...your point is well taken, though
Posted by Ace of Spades on :
quote:Originally posted by T e x: Ace, agree with your "theory"
that is, doesn't bother me whether I'm buying 10 shares of sumpin'... or even 2 shares...
If it gains, say, 20 to 30 %...is the same as holding 200,000 shares or a million shares of some pos penny stock that runs 20-30%...
However, $5k in some thinly traded penny stocks could easily be too large a position to exit from smoothly.
a mere quibble, perhaps...your point is well taken, though
LoL...I probably should have used a $100 dollar aomount in my example. I don't need any newbies reading this thread to think that I actually would put $5,000 into a .0001 stock LoL $5,000 is just the first amount that I thought of!
Posted by biker0962 on :
thnaks guys, and yes your right
Posted by biker0962 on :
Well I took my 1st plunge in the market, I bought in at .04 and of course it fell to .035, I had a stop limit for .032,(good for the day) so it was close to selling, so hopefully tommorow it bounce back up and not go lower, I will put another stop limit in at .032
and gee I WAS HOPING FOR BEGINNERS LUCK ON THIS ONE,
Posted by BooDog on :
quote:Originally posted by biker0962: Well I took my 1st plunge in the market, I bought in at .04 and of course it fell to .035, I had a stop limit for .032,(good for the day) so it was close to selling, so hopefully tommorow it bounce back up and not go lower, I will put another stop limit in at .032
and gee I WAS HOPING FOR BEGINNERS LUCK ON THIS ONE,
What stock was this??
Posted by biker0962 on :
Now if this was poker, I would of pulled a nice suck out at the end to win the hand-LOL anyway, its back to the charts and hopefully pick a winner for next week, Okay dealer give me a good hand(chart)
well hope you guys did good today
Posted by biker0962 on :
There are some good chart guys here that can give you a couple pointers Biker...
Posted by biker0962 on :
great, please point away, I need to learn as much as I can I should get a book in the mail today on candle stick reading, looking forward to that book
Posted by BooDog on :
Many would say they don't look at fundamentals - which I didn't with fklt yet. They only trade based on TA. So with only the TA I see good and I see caution lights. RSI is looking to bounce on the 50 support and as it does so it is doing it with relatively low volume (which is good imo). Could be heading into a consolidation pattern. Some indicators are heading south at the moment so watching some of the indicators to see if support will keep it up is key here. The down pressure can suck the wind out quick with sideways or high volotilty movement. So then a look into the fundamentals to see just what is going on - buy on rumor sell on news right?
Posted by biker0962 on :
Hi booDog, Im assuming TA means technical analysis, now consolidation, does that mean the buying & selling kinda is at a stale mate and Im not sure what this really means, could you explain in newbie terms(LOL) The down pressure can suck the wind out quick with sideways or high volotilty movement
Sorry for all the dumb Questions, just trying to get a good grasp of this stuff Ohh I got my book today, candlesticks by Stephen W Bigalow (300 pages, so I got some reading to do Hey did you notice the stock is up .042 WWEEEEEEEE, if it reaches .047 I will then make $3 profit-LOL I bought 4000 shares +12.99 commision to buy and then they will charge me another 12.99 when I sell, so I need to make more than $185.00-LOL
Posted by chuck9 on :
Biker, Consolidation to me, would be when stocks is in a trading range from high to low and stays in that trading range for a certain length of time.
You were talking about candlestick charting really, that is one of the best charting systems there is. But be aware, it has a great deal of patterns that one will have to recognize in order to make it profitable. chuck Posted by BooDog on :
Sorry Biker. There were some bearish indicators and for today bouncing off the rsi is what I would have expected. There are indicators you can watch that give you an indication of which way the money is going. I like to think that everyone has their "favorites" which works for them as giving the most confidence of direction. No one is right all the time. As far as my comment about the down pressure is that if a stock is going sideways on low volume usually the bears will win and if there is a large volume with indicators pointing south it could break through support more easily. Looks like there is still some interest in FKLT and the volume is still reasonable imo. If it starts going below 1m consistantly that would be on the low side. Also notice the lower bolinger is starting to creep downward, another indication support is weakening. It has been breaking the upper bolinger and today broke right through the lower one. Still not confirmation of which way it will go but some indicators are saying it could settle out and possibly correct itself short term. It is a lot to try and explain. Give your brain a chance to absorb some from the experts (not me by a long shot) and your new books.
Posted by biker0962 on :
thanks BooDog & Chuck9, Yes thats alot to take in, but I assure you I will take it to heart and try to grasp it and study it, we learn from our mistakes and our success, but now I can look at the indicators and take what you have said and try to piece the puzzle together
on a side note, its nice to know there are people here on the board willing to take the time to answer my noobie questions, means alot, I thank you all
Posted by BooDog on :
Your welcome. Researching your questions helps me also.
Posted by T e x on :
quote:Originally posted by biker0962: Hi booDog, Im assuming TA means technical analysis, now consolidation, does that mean the buying & selling kinda is at a stale mate and Im not sure what this really means, could you explain in newbie terms(LOL) The down pressure can suck the wind out quick with sideways or high volotilty movement
Sorry for all the dumb Questions, just trying to get a good grasp of this stuff Ohh I got my book today, candlesticks by Stephen W Bigalow (300 pages, so I got some reading to do Hey did you notice the stock is up .042 WWEEEEEEEE, if it reaches .047 I will then make $3 profit-LOL I bought 4000 shares +12.99 commision to buy and then they will charge me another 12.99 when I sell, so I need to make more than $185.00-LOL
means it's regrouping, laying in a channel, trying to gather strength. On charts, look for long, lateral bollies. In many cases, longer they channel, the better the burst.
Posted by T e x on :
Your welcome. Researching your questions helps me also.
nice post
Posted by biker0962 on :
that was a great link, lots for me to look at, thanks
Posted by BooDog on :
lol I like visual effects also.
Posted by Machiavelli on :
quote:Originally posted by biker0962: Ohh I got my book today, candlesticks by Stephen W Bigalow (300 pages, so I got some reading to do
I prefer reading Steve Nison as he is the Candlestick Guru and the one who brought candlestick charts to the attention of the western world... my favorite book by him is The Candlestick Course (www.candlecharts.com)
quote:Hey did you notice the stock is up .042 WWEEEEEEEE, if it reaches .047 I will then make $3 profit-LOL I bought 4000 shares +12.99 commision to buy and then they will charge me another 12.99 when I sell, so I need to make more than $185.00-LOL
You could of done the same thing with Choicetrade.com whom only charge $5 to buy and $5 to sell... so $10 roundtrip...
Posted by biker0962 on :
Choicetrade hmm, fugures, thats alot cheaper commision than E-Trade, I will have to check them out when I have some time, thanks MACH
Posted by chuck9 on :
Biker, will give you a chart to look at for your consolidation pattern.
Notice your Bollinger Band, its moving sideways between the two perpendicular red lines. Also your price is in the middle of the bands. This is your consolidation pattern.
As long as the band stays in this condition, and the price stays in this condition the bands will build up pressure for a breakout.
In this particular chart, you can actually see the breakout coming. Look at the right red line, notice how the Bollinger band is beginning to move together, top and bottom band, also noticed the price is moving up to the top of the Bollinger band. The breakout comes when the price and volume increases. Look at the bands at this point, they have expanded.
Look at your price, it is on top of the top band and moving up. As long as the price closes above or near the top band and the money flow Index is also moving up you will stay in an upward trend .
This is what you call walking the bands. chuck Posted by biker0962 on :
Chuck9, WOW, that is so cool, with that chart I completly see and actually understand it, makes alot of sense, and yes you can see the break out forming, I noticed that your using the bar type chart, any chance(I hate to sound greedy) you have this same chart in candle stick form, and maybe post that chart please, since im studying the candle sticks anyway I can see the consolidation, whew this is scary now (the fact that im starting to understand-LOL) I hate to sound like a geek, but each day this stuff is getting easier, and im actually enjoying it and my confidence is growing in my ability to grasp, understand and actually see whats going on, So Chuck thank you for your time and effort in helping me, I truly appreciate it
Posted by T e x on :
fun...
ain't it? Posted by biker0962 on :
Okay chuck lets see if I got it, I went thru some stocks in my watch list, (sorry still cant get these charts to post) so I looked at TRDQ, with the bolinger bands, and if I understand this consolidation right, I looked at the 3 month chart, and it looks like on about Oct 30th thru today, it is in a consolidation pattern, am I right or do I need to keep digging in the charts
Posted by T e x on :
use the Stockcharts.com "linkable" feature to post the url...one click...pow! there's yur chart
Posted by biker0962 on :
Okay Im there but I dont see a linkable feature
Posted by T e x on :
hold on, I'll walk you there...
Posted by biker0962 on :
okay I got it, I think, but I can only get a daily and weekly chart
Posted by chuck9 on :
biker, closing down for the night. will post candlestick tomorrow. Will also get back with you on your other question tomorrow. chuck Posted by wdcisco on :
EDIT: Forget it let tex show you... lol.
I am tired...
Posted by T e x on :
on homepage, enter ticker.
brings up generic, default.
(this is longer answer than your specific question; is my process, yours will differ, most likely--later. But this way, I do it only once, lol)
scroll down to Chart Attributes
2nd field, "range"
pulldown menu: select "Predefined Range"
4 fields to the right, "extra bars" enter 2,3,4 no matter-- I use 4
next line:
Type = Candlesticks; under Size, select Landscape
next line:
Volume, select "Seperate" then to the right, click on checkboxes to turn on "Full Quote" and "Price Labels"
Then down, to Overlays
leave the deafaults in first two, select "Bollinger Bands" in the third.
Under Indicators you select whichever you like. You can see mine. BUT, on the first one, to the right, select "below"
Then "Update" on any update link, no matter which.
Now, after careful, thoughtful review, lol...
go to the blue links, between the chart and Chart Attributes. There's a row of links, "print" "annotate" etc... click on "linkable"
it draws a new chart. copy the url from the address line in your browser.
paste the copied url into your post...voila!
Posted by T e x on :
okay I got it, I think, but I can only get a daily and weekly chart
yes!
good...
don't worry about intraday charts, for now.
To ask for opinions, this is fine. However, you make your charts much easier to grasp by following the procedure I outlined in my full response. Not saying you want to use my indicators, but the general format... larger, less overlays, indicators grouped and so forth...
Glad to see you hanging in there... Posted by T e x on :
quote:Originally posted by wdcisco: EDIT: Forget it let tex show you... lol.
hmm no picture of chart showing up, Okay I will attempt this tommorow, I gotta get to bed-LOL, 4:30am comes quick
Posted by Ace of Spades on :
Great advice Tex, on setting up the charts. I wish I learned about T.A. from day one!
Posted by T e x on :
quote:Originally posted by Ace of Spades: Great advice Tex, on setting up the charts. I wish I learned about T.A. from day one!
thanks...
for the record, though, must emphasize...I never give advice, only my opinion...
Given that, gotta say, Ace--you're doing OK, seems to me
Posted by chuck9 on :
Biker, the following chart will be in a candlestick format.
Could not pull up the symbol--- TRDQ. Not in my database. Is this a low value stock ?. Sorry, I could not help you on this particular simple. chuck
chuck Posted by biker0962 on :
Thanks Chuck, Yes TRDQ is a penny stock, anyway, I can really see the consolidation and then the slight trend in a upward pattern, swweeeeet
Posted by chuck9 on :
biker, I do most of my trading with NASDAQ stocks, that I feel I can help you with. chuck Posted by biker0962 on :
hey Chuck look at my new topic post, it relates to your NASDAQ stocks
Posted by chuck9 on :
Just came across it. I also do scanning, and I can only scan one index at a time. But I think tex is right about what he suggested. The way I can tell is when I start to bring the chart up in MetaStock, which is the format I use for charting, it lets me know what index it is in. If I do not have that index charged to my account. It will not bring it up.
chuck Posted by Ace of Spades on :
Chuck....I think you mean EXCHANGE...not INDEX!!
Posted by chuck9 on :
I think your correct.dude Posted by Ace of Spades on :
quote:Originally posted by chuck9: I think your correct.dude
LoL Posted by BooDog on :
quote:Originally posted by Ace of Spades:
quote:Originally posted by chuck9: I think your correct.dude
![[Smile]](smile.gif)
![[Big Grin]](biggrin.gif)
