@timothysykes nke lost 7.27% should we short hoping the trend will continue or buy because RSI is at underbought showing a strong buy. please advise
amazing job man well done
@dawoud thanks for the support man
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@Turbobob Bob, I understand your trading style involves using 5m charting. What are the benefits of using a 5m when compared to a 1m? I personally don't understand using 5m because knowing the minuscule differences in price change are important, especially at open. Thanks for the reply (if there is one)
If a stock is volatile I will use the one minute chart in the context of the five minute chart. I get too many false signals relying solely on the 1 minute chart. But each trader has there own preference and they should use what works for them.
I also rely heavilybon the level 2 so I am seeing the instantaneous changes even more so than the one minute chart.
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VSR looks like a Short to me
fundamentally good, technically not so good! decided to see at 1.51 bought at 1.53
**sell
They are more like dip-buy patterns according to Tim Sykes, better risk/reward, not just buy at any price
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I find RSI doesn't work particularly well for penny stocks. MACD doesn't do so well either. CCI is probably one of the best ones for cheaper stocks.
@bigman I think the RSI works well for me boss. But whatever helps you get the best setups, then more power to you!
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what is volatility i am a new student
@haitanlion : Volatile is moment of stock. High Volatile is it goes up and down like crazy. Liquidity is how many shares are being traded. I am myself a student so knowledge above is best of understanding.
thank you @alixc83
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Check out ADXS bob, lot of sideways consolidation .. releasing data at a conference next week, could breakout past 2.78.
is anyone else unable to access the chat room? i'm signed in but says I have no subscription.
I am now at this level of planning and being correct - your way of working is simple but effective. If you refined your tactics you could be at 70% rather than 64% but still a great record Bob, keep it up!
@bigman yup I don't allow BS, smack yourself in the head 52 times, maybe it'll make you smarter
Tell'em Tim!!
@timothysykes Tim. Haters will hate. Big man here isn't such a big man because you are the one with multiple millionaire students.. multiple schools.. you are a multi millionaire yourself.. does "BIG MAN" need any more proof as to why STT is so good?... I think you should start taking off idiots from here Tim.
Hi Tim, I do understand the premise. My question was purely for edification, as I am still having BASIC gaps in my stocks educations, proof of it is not understanding the variables that play a roll in scanning for stocks.
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