quote:Originally posted by Marcidius: I probably asked you guys this before, but what service do you use for your lvl 2?
Ameritrade Apex?
I have OTCCharts but it doesn't have DETAILED lvl 2, which I really really REALLY would love.
I'm hoping to upgrade to APEX next month...I don't have the 100K to get it for free but I do more than 10 trades per month and I will have had enough of those months under my belt after next month. I use Ameritrade Streamer Level II for now $9.99 extra but it's not very very VERY detailed.
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I dont use the margin, but having a margin account allows you to bypass the 3 day clearing period or whatever, its been so long i dont even remember what the rule was. but just using cash i can buy/sell over and over day in day out.
And about ibzt, glass you cant criticize me for that nobody knew ibiz was such a monster! from .0025 to .016 was a big move, with the billions of shares they have they will need to move a lot of lasers to justify their share price, but ill trade it anyway!
quote:Originally posted by glassman: I will daytrade soon--but still with cash--margin double edge sword..just personal preference not criticism
I'm knew to the game, played this stock a week back for a small practice run with small profit. My question pertains to inter-day charting the mac-d and where do you find this information. also, if possible I read that you plot out certain charts. I've been studying up some on this stock it mac-d has yet to look like it is ready to cross for a low but the sri is telling me its getting ready to fly.
no cash in hand, on the sidelines for this one.
Thanks for any and all help I have recieved by reading everyones posts.
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Good call on that peak Cabbage! I've been lurking for the last month because I didn't have much to add but hey, Kudos are in order for the good eye! I got out @ .0119 for a nice $$$
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thanks climber, i could've just as easily been wrong though. the best way to trade is without emotions, without fear or greed. If you follow a set of rules, such as techs, your chances for success improve greatly.
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quote:Originally posted by cabbage22: thanks climber, i could've just as easily been wrong though. the best way to trade is without emotions, without fear or greed. If you follow a set of rules, such as techs, your chances for success improve greatly.
Cabbage, nicely done, hey can you step us new guys through your thought process on this one. Seemed pretty text book for you. Just curious as to what you saw and what your "rules" were...much appreciated.
FS ~ Trust your dd
[This message has been edited by Fallstaff (edited January 30, 2004).]
Bids are being added faster than the base is building. The price shoots seemingly straight up. You know at some point this will change, unless a large base comes in to support the new price. The MACD is the easiest and one of the best techs to follow intraday, volume is also important. When the fast line peaks, and starts to curl back towards the slow line this is a possible exhaustion of the run. When the fast line crosses back over the slow line, this is a stronger indication. You can see right at .012/.0119 the fast is curling back towards the slow, and the drop in price pushes the fast past the slow. Basically what the lines are telling you, is that the moving average is not moving above .012, there is resistence. At this point you need to watch level 2, and see how the MM's are stacked up, and who is playing. With fxgp there were 3 MM's at .012 and very few scattered on the bid. All signals point to a dropping price.
The 0 line is a longer term indicator for the MACD, and overall trend, crossing up and staying above 0 is bullish, crossing down and staying below is bearish.
[This message has been edited by cabbage22 (edited January 30, 2004).]
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I would like to point out to the rest of us students that Cabbage did get in and out of IBZT throughout and from my perspective KICKED A with it-I wanted to make sure he didn't get a news release before me.
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Man, I use OTCCharts, and contrary to popular belief, it's less charts, more power as far as big Watch Lists, Streaming news and the like...
BUT...no detailed Lvl 2. Which sucks, and the intraday charts are nice to look at price, but no options to add any indicators. I love this service but does anyone know some other good services that I might "try out" before I become 100% for OTCCharts?
Can you get the Ameritrade streamers without being a member, for a price?
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Thanks cab!!!!!!!!!!!!!!!!!!!!!!!!!!!! much appreciated I thought that option came with level II just opened up some streaming charts and its a whole new world. To Learn.
quote:Originally posted by Mac the Knife: Cabbage or anyone else. I have ameritrade level 2, how do you open up the streaming charts. Any help would be appreciated. Mac
1 way is to open streamer and the last option is CHART...click on that and enter your stock. Or from the streamer lists right click on a stock and select CHART.
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