Here’s the 3-minute view of my trades today, on AMR, CCJ, UCTT, BTU, STLD, and AKS. Five winners and one loser. I try to describe what I saw, and how it played out, and still keep the video under 10 minutes.
In all cases, I was tracking the daily and intraday context via point-and-figure charts (as described in my previous post)… but I couldn’t show you all of that because of time constraints. And, you would probably all be bored to death.
I configured the video codec to make a much smaller file, which was nice, but it left noticeable blocky artifacts when my mouse moved on-screen. So, I’ll alter it again for the next video so the quality is a little better.
You can read about these trades and comment on them as they are happening on my #daytraders channel on jaiku. I usually don’t post them in time for you to also take them–usually I have to get in shortly after I spot them–, but sometimes there is time for me to mention them early.
July 24th, 2007 at 9:58 pm
What is the T-3 indicator that you are plotting on the chart?
July 24th, 2007 at 10:10 pm
T-3 is just a kind of adaptive moving average that manages to stay very smooth. I use it as my sense of a stock’s actual value, because it doesn’t hug price as much as many adaptive MAs do. If you do a google search on T-3 moving average you will find lots of information on it.