Received 21 Karmas
kenjiii16
kenjiii16 Mar 14, 17 8:36 PM

were you ok trading midday because of the strong volume?

MidnightTrader
2
MidnightTrader Mar 14, 17 9:07 PM

Thanks Bob. Another very clear explanation just like TG. As they say, trading is 20% technical analysis and 80% psychological. Being a black/white personality type I have found it very hard to pull the trigger on long positions. I am hopeful your watch lists where you set price targets will give me that extra bit of confidence to pull the trigger on long positions.

Turbobob
Turbobob Mar 14, 17 9:26 PM

It is just a ratio that is found by dividing the reported short interest by the 100 day average volume. If only shorts were buying and the all covered that is how many days it would take them to cover. A number less than 5 probably won't have much influence. 5-10 and a catalyst should add momentum to the move. Greater than 10 and a catalyst - let the fireworks begin!

Turbobob
Turbobob Mar 14, 17 9:28 PM

Kenji - Yes, but that and the soft makrets made me more quicker to sell. Except for the last piece which I had taken most of the risk out so I let it run.

Join now or log in to leave a comment
Received 10 Karmas
cottage242
1
cottage242 Mar 12, 17 1:08 PM

Very well written and informative. Thank you so much for sharing everything. When I first looked at your chart, I did not recognize the ABCD but see it now. Very helpful. Thank you again.

CalebDeMoss
CalebDeMoss Mar 12, 17 2:38 PM

William Gann is my nigga :^) Also is cloud nine anything like cloud eight? :thinking: IWAWO gucci post fam! :D

Join now or log in to leave a comment
Page
of 2