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Everything posted by Spydertrader

  1. Fair enough. FTP = Flat Top Pennant FBP = Flat Bottom Pennant Sym = Symmetrical Pennant OB = Outside Bar Lateral = Left to Right Movement within Bar 1 of the formation B2B = Black to Black (Change in trend direction from down to up) R2R = Red to Red (change in trend direction from up to down) Dominant = moving in the same direction of the channel Non-Dominant = movement contrary to the channel direction Tape = skinny line (Short Term Trend) Traverse = Medium Line (Intermediate Trend) Channel = Thick Line (Long Term Trend) HTH. - Spydertrader
  2. Near the inception of this thread, I responded to your question by providing the 'ideal' Volume 'picture' one needs to 'see' when trading any market. Another post provided the overall template for the Price - Volume Relationship. I then attached a chart, so you could see how one applies this knowledge onto an ES 5 minute chart. Having a conversation with a person who does not yet understand the language spoken represents a difficult proposition at best. If you wish to learn the market's language, begin by learning to annotate a chart in order to represent thyree types of trends - short, intermediate and longterm. HTH. - Spydertrader
  3. Highlighting these 'formations' :o in yellow might make them stand out more. - Spydertrader
  4. Posting my chart for today isn't going to provide you with much help as you'd not understand the annotations. However, I posted the following chart last October. The attached chart has a few more 'explanatory notes' than the chart I use each day. HTH. - Spydertrader
  5. Worked like a charm. Thanks much. - Spydertrader
  6. When I log onto this web site, the main menu bar fails to render correctly (See Attached). Any thoughts as to what I might do to correct this situation (using IE v8)? - Spydertrader
  7. B = Black Volume R = Red Volume See Attached. HTH. - Spydertrader
  8. B2B 2R 2B or R2R 2B 2R - Spydertrader
  9. The work required for determining which stocks to trade, on any particular trading day, begins the night before. First, a trader needs to cull the entire Universe of equities down to a manageable number of 'high quality' companies. The filter I have used with success includes the following criteria: Price: $10.00 to $50.00 Average Daily Volume: >200,000 shares Float: 5 million to 60 million shares Positive Earnings Positive Earnings per share Insider Owned Percentage: >5% Institutional Holdings > 5% One can then sort the list of 'high quality companies' by Unusual Volume (current volume / 65 day average volume), and watch those comapnies "in play" bubble right to the top. One can further cull the list by focusing on companies which have 'rank' (stocks which cycle 20% [or more] a minimum of five times over a period of 6 to 8 days in the last 6 months) or stocks which find themselves 'in dry up' (period of super-low volume) Attached, please find a list for tomrrow. - Spydertrader
  10. Price and Volume. - Spydertrader
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