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Discuss current stocks, trades, and anything else on a day-to-day basis here...
wd1040 (Guest) says in Stocks Daily Discussion...
Interesting drop right before close... anything invalidated with that or buy signal still in play?
Sent from my Nokia N8
Sent from my Nokia N8
wd1040 (Guest) says in Stocks Daily Discussion...
Shite was that because of beige book?! Just got out of a midterm
Sent from my Nokia N8
Sent from my Nokia N8
pftq (Official) says in Stocks Daily Discussion...
Reaction was quite mute from beige book. Sell off across the day was steady. Drop doesn't hurt the signal - we can definitely dip lower tomorrow or the day after since it's not a market timing strategy.
pftq (Official) says in Stocks Daily Discussion...
First time screening for intraday trendline breaks with my program - just trying this out as I don't know how effective it is on the 30-min chart yet (it works for buying the stock itself but not sure if the movement if enough for options).
Picked up a few EXC 35x Oct calls at $1.25
Picked up a few EXC 35x Oct calls at $1.25
wd1040 (Guest) says in Stocks Daily Discussion...
Btfd gold, eur, spx. Ichi fast line and trend bottom support hit, much prefer to close at 12870 or higher to retarget 13140
freaking apple correction dragging everyone down, but btfd!
Sent from my Nokia N8
freaking apple correction dragging everyone down, but btfd!
Sent from my Nokia N8
ItsMeexD (Guest) says in Stocks Daily Discussion...
<<reply to post on October 4th, 2012 1:40:35 pm>>
XME calls working well, with XME breaking out. strong volume. both WLT CLF over 50 day sma.
XME calls working well, with XME breaking out. strong volume. both WLT CLF over 50 day sma.
pftq (Official) says in Stocks Daily Discussion...
Good job on XME - setup is pretty good on that one. Hope you didn't get into RIMM though.
Planning to also buy puts on INTC if this signal holds.
Planning to also buy puts on INTC if this signal holds.
ItsMeexD (Guest) says in Stocks Daily Discussion...
INTC 100 month SMA at 21.69
pftq (Official) says in Stocks Daily Discussion...
lol I was confused for a bit since the 200-day is way above... why 100 month?
pftq (Official) says in Stocks Daily Discussion...
Went ahead and picked up Nov 22x puts for INTC at $.88. We gapped down today so it wasn't as strong a break (might bounce to fill the gap), but at least then I have more time on the options.
pftq (Official) says in Stocks Daily Discussion...
The SMA I erroneously coded closely approximates 2xPeriod EMA but isn't exactly the same. Any idea what it is I actually made or should I just call this a new indicator? The formula is below for calculating the moving average:
MA = [ MA * (Periods - 1) + Price ] / Periods
MA = [ MA * (Periods - 1) + Price ] / Periods
pftq (Official) says in Stocks Daily Discussion...
Picked up Nov calls for RSX at $1.20 based on short-term oversold. Signal was from previous day so I was actually going to buy this morning cheaper but I hesitated.
pftq (Official) says in Stocks Daily Discussion...
PCS just started spiking again. Only thing I could find was way earlier news about Sprint maybe making a counter bid.
Will be funny if I end up making a profit on this one despite the horrible volatility.
Will be funny if I end up making a profit on this one despite the horrible volatility.
ItsMeexD (Guest) says in Stocks Daily Discussion...
long XME 44 calls. alot of miners like CLF, VALE, AA, WLT making inverted heads and shoulder patterns.
also RIMM is looking beyond amazing, definitely getting in at break of 100sma.
also RIMM is looking beyond amazing, definitely getting in at break of 100sma.
pftq (Official) says in Stocks Daily Discussion...
I'd wait for confirmation on RIMM, make sure it can clear previous top, unless that's all you're going for.
But yeah, market and miners look great today after breaking above weekly range.
pftq (Official) says in Stocks Daily Discussion...
Yeah, I gotta stop making these side trades and stick to my program. Typical sell the news with PCS - good thing only picked up a few.
And while I was preoccupied with PCS, I didn't notice my program made another RSI flip on SPY (could've been another 50-100% trade on calls). Really need to get it sending me emails soon so I can notice them without going home to run the program.
And while I was preoccupied with PCS, I didn't notice my program made another RSI flip on SPY (could've been another 50-100% trade on calls). Really need to get it sending me emails soon so I can notice them without going home to run the program.
pftq (Official) says in Stocks Daily Discussion...
Got out the rest of my SPY calls at $2.30 (from 1.70) and a few SPY weeklies I picked up yesterday at $.80 (from $.6).
pftq (Official) says in Stocks Daily Discussion...
Not from program but watching PCS and LEAP
PCS at $13, LEAP at $7.70. Looks like a breakout setup but I haven't done this kind of trading in a while. Any thoughts?
PCS at $13, LEAP at $7.70. Looks like a breakout setup but I haven't done this kind of trading in a while. Any thoughts?
pftq (Official) says in Stocks Daily Discussion...
Picked up a few PCS Oct 14x calls at $.70. I like LEAP's intraday chart more, but I feel better buying the stock that's actually generating the news (merger with TMobile).
pftq (Official) says in Stocks Daily Discussion...
Got my exit signal for the SPY trade last week, which will pretty much hold today unless we close super-bullish (at HOD or something). It trades on close prices only though, so when the best time is to sell today is ambiguous. It also doesn't mean we can' t go higher, just that now my program has no clue what the market will do from here.
pftq (Official) says in Stocks Daily Discussion...
Chugging away at more than 5 midterms + projects this week, but my schedule becomes super free again starting the 13th. Something I've really wanted to finish for some time is an Optimizer/AI for the Tech Trader, so if anyone wants to help me and put it together at that time, let me know. It's not necessarily hard to figure out, just a lot of code to type. 
pftq (Official) says in Stocks Daily Discussion...
That RSI2 trade is working great. It predicted long going into ECB and now it predicted Spanish austerity announcements. :p
pftq (Official) says in Stocks Daily Discussion...
Out of weekly calls at $1 (from .40), mainly because we're near expiration.
Holding the rest until the program sells (and when I actually get home to run it. -_-)
ueddarktom (Guest) says in Stocks Daily Discussion...
Keeping the longs...good call on the SPX rebound
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ItsMeexD (Guest) says in Stocks Daily Discussion...
RIMM printing a nice hammer today on 3x Avg volume. 50 day SMA also flattening, super bullish. I will most likely be buying calls or shares tomorrow morning.
Also bearish on AAPL. Refer to action on 4/17/12 for details.
Also bearish on AAPL. Refer to action on 4/17/12 for details.
ItsMeexD (Guest) says in Stocks Daily Discussion...
Just saw After Hours movement in RIMM lol. Probably wont chase now, but I remain bullish.
pftq (Official) says in Stocks Daily Discussion...
RIMM beat expectations, that's why
pftq (Official) says in Stocks Daily Discussion...
Just picked up a bunch of SPY calls after seeing the volume spike on the minute chart.
Mixed in 2/3 Oct calls ($1.70) and 1/3 weeklies ($.40), both at 144x.
Cleared out SYY and CHRW - didn't want so many moving parts in portfolio. Probably should do that from now on (just stay in cash instead of making so many small trades when my main strategies are silent).
Mixed in 2/3 Oct calls ($1.70) and 1/3 weeklies ($.40), both at 144x.
Cleared out SYY and CHRW - didn't want so many moving parts in portfolio. Probably should do that from now on (just stay in cash instead of making so many small trades when my main strategies are silent).
wd1040 (Guest) says in Stocks Daily Discussion...
Same thing - flipped gold after pretty bullish momentum after support (Ichi slow line hit). All the resistances are coming together and being hit at the same time!
yay Durable goods order tomorrow! (Exp -5.0% v like 2.3% last time)
yay Durable goods order tomorrow! (Exp -5.0% v like 2.3% last time)
pftq (Official) says in Stocks Daily Discussion...
Finally a decent trendline break on my program. Into CHRW Nov 60x calls at $2.25
SYY also doing well from last week. Still holding a few SPY and BAC calls just for gamble on QE.
No longer in ALTR though; let those go at a loss. Going to stick to trendline trades only from now on.
SYY also doing well from last week. Still holding a few SPY and BAC calls just for gamble on QE.
No longer in ALTR though; let those go at a loss. Going to stick to trendline trades only from now on.
pftq (Official) says in Stocks Daily Discussion...
Bah, my only trendline break for the week got nullified by a bad close.
Need to write a scheduler for the program so I can run the scan at the end of day while I'm in class, instead of trying to guess the close during market open.
I'll probably see how it does after this week for another chance to break the resist. Otherwise I'll just take the loss; fortunately it's November expiration so I have plenty time.
Need to write a scheduler for the program so I can run the scan at the end of day while I'm in class, instead of trying to guess the close during market open.
I'll probably see how it does after this week for another chance to break the resist. Otherwise I'll just take the loss; fortunately it's November expiration so I have plenty time.
pftq (Official) says in Stocks Daily Discussion...
RSI2 generated another trade for SPY at today's close. RSI2 for SPY and trendlines for stocks in general are my main trade strategies (which have been dry since QE3), so I'll probably be adding a more substantial position again tomorrow morning. Can't wait
pftq (Official) says in Stocks Daily Discussion...
Bollinger bands have been added to Tech Trader. Enjoy.
I haven't had a chance to play around with them much though so there are no strategies associated with it yet other than pure display purposes.
I haven't had a chance to play around with them much though so there are no strategies associated with it yet other than pure display purposes.
pftq (Official) says in Stocks Daily Discussion...
Grr I woke up late today. My sell limit for PCS took me out at .80 open only for them to go as high as 1.3 in the same hour.
Picked up ALTR October 37x calls in the meantime at 1.2 on RSI2 oversold.
Picked up ALTR October 37x calls in the meantime at 1.2 on RSI2 oversold.
ItsMeexD (Guest) says in Stocks Daily Discussion...
check out DOLE. 14.60 resistance dating back to 2011. good volume recently, trying for all time highs. worth a look
pftq (Official) says in Stocks Daily Discussion...
We finally bounced off that support I posted a couple days ago.
ItsMeexD (Guest) says in Stocks Daily Discussion...
sold to open a couple of $GOOG Nov 745 puts at 39.30.
ItsMeexD (Guest) says in Stocks Daily Discussion...
also trying to catch this Momentum King, long BVSN 11.22
pftq (Official) says in Stocks Daily Discussion...
Meh SYY is up 15% on calls since the morning trendline break. I hope it pulls back for me to enter lol
pftq (Official) says in Stocks Daily Discussion...
Just finished another run of the program. Looks like only two trendline breaks for today, SYY and PCS. I hate MetroPCS though (as a company).
Watching the close as always before entering to make sure we don't have some sudden sell off that cancels the break.
Watching the close as always before entering to make sure we don't have some sudden sell off that cancels the break.