Swing trading... lessons learned...

[B.J]

anybody trading NTGR?

No, but looks like we ought to be

[B.J]

Awesome B.J. You're a genius!
And hey, I think you did the right thing taking it off the table, what with the expanding long and earnings. But look at the daily channel; see how that drop expanded it, and now the upside is over 18.00 and rising fast. This puppy is acting VERY bullish so watch for another perfect entry. Your patience was rewarded last time, and certainly we know history DOES repeat! lol Well done dude. 94%. ~whistle!~

Thanks Spike! My eyes are still on this and VPHM.

[Runner]

I see VPHM as setting up in what is known as a 3-lane highway.

60 min chart STO moved up through 20 band
13 min chart STO hooking up
3 min chart STO hooking up

All three trying to form the 3 lane highway. Also I’ve noticed the shorts kept the price under the 20 band for most of the morning. Hey guess what the shorts will cover soon. I will stalk it and use the 3 min. chart as trigger. Notice today every time VPHM tried to cross the 20 band the shorts continued to attack. I think a short panic occurred off a MSL around 1:30 today, but the bulls could not follow through. Look at the daily STO. It is under the 20 band. This is what I look for because the stock is not sitting in over bot territory. Many traders simply enter much too late and they buy the when STO is pegged out above the 80 band. Sure it may stay up their for awhile, but just can’t justify the risk myself.

Overlapping resistance:
60 min- 5 ma 10.46 , 15 ma 10.73, 200 ma 10.73
13min- 5 ma 10.25, 15 ma 10.29

[dmk112]

Here's what I think:

[Runner]

great chart DMK!!

[spikefader]

VPHM; I don't think it's quite done. Bidding 9.75 area tomorrow and will keep a tight leash on it if I'm filled. I'm looking for an expanding channel long, and that area to be the 'c' completion; gap fill; test of price support. Might also correspond with a money flow zero line reject.

[dmk112]

VPHM; I don't think it's quite done. Bidding 9.75 area tomorrow and will keep a tight leash on it if I'm filled. I'm looking for an expanding channel long, and that area to be the 'c' completion; gap fill; test of price support. Might also correspond with a money flow zero line reject.

5 days in a row this thing has been going down - I mean it atleast deserves a technical bounce here and especially since this is such a hot stock - you know people that didn't get in the 1st time are just watching this thing like a hawk! I guess it can go down antoher day - who knows! But hopefully today was the last

[dmk112]

great chart DMK!!

Thanks Runner!

[B.J]

You did a good job convincing me DMK (good chart), but I do think it will finally fill that 10.09 gap. Would have been nice to take the 10.16, but I usually like to see bounces before I buy. Today's bounce was weak, let's hope tomorrow's isn't.

[B.J]

Starting to buy back VPHM. Grabbed a bit (1/3 of a full position) at 10.15. That means I'm about 1/3 sure it's turning around

The rest, I'm going to wait for an intraday confirmation.

[B.J]

My view on VPHM's direction:

http://img363.imageshack.us/my.php?image=vphm1ru.jpg

[B.J]

Under 10 now. That's NOT a good thing.

[New-born baby]

No

Under 10 now. That's NOT a good thing.

Here's the resistance now.

[spikefader]

VPHM; I don't think it's quite done. Bidding 9.75 area tomorrow and will keep a tight leash on it if I'm filled. I'm looking for an expanding channel long, and that area to be the 'c' completion; gap fill; test of price support. Might also correspond with a money flow zero line reject.

Long 9.80 off double bottom and will give this 4% risk.

[spikefader]

Long 9.80 off double bottom and will give this 4% risk.

That pattern ain't right, out b/e. Back to stalkin it.