- A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.
Friday, January 24, 2014
Consistent 5.6% payer
I use a flexible grid with multiple time frames to initiate positions using Limit orders as well as closing positions with Limit orders. The grid is setup as a daily 5 minute bar chart with Daily Pivots on top, a intra-day 5 minute bar chart with Daily Pivots on bottom left, a 20 day 15 minute bar chart with Weekly Pivots in middle, and a 3 month daily bar chart with Monthly Pivots on right.
Each chart on bottom row has a 5 bar (yellow), 20 bar (orange), 50 bar (Blue), and 200 bar (Purple) Simple Moving Average. Using the combination of the MAJOR Pivot levels as well as the price affinity to the SMA's is critical to technical trading and setting price levels for Limit order entries and exits.
T - Flexible grid
T - Daily Pivots
T - Weekly Pivots
T - Monthly Pivots
T- Yahoo Key Stats
Tuesday, January 21, 2014
GLD Pivot look - You should be able to stream this grid live from the link:
Top chart is a daily 5 min chart with daily pivots.
Bottom left chart is 5 day 15 min chart with daily pivots
Bottom middle is 20 day 30 min chart with weekly pivots
Bottom right is 3 month daily chart with monthly pivots.
Monday, January 20, 2014
Really? Ok I get it, new car sales are at lowest level since the development of the World Wide Web or over 30 years. So at what point do new car sales start gaining traction? Will it take another "Clunker's for cash" debacle? Bottomline is a great way to play this would be to SHORT AZO and pair with a long position in Ford Motor Company.
AZO - Yahho Finance Key Stats link