I'll echo that I have really learned a lot about technicals by following this thread and reading all of oldarmy's posts lately. Thank you for the insight and great information, please keep it coming.

I too piled in as much as I could on AMZN on the correction earlier in the month, that indeed was a great buying opportunity for this market...if only I had more capital to invest at great entry points.

Question for fidelity users in here; when I log in, there was always a chart right on the front page showing total account balance. I could select 1 year, ytd, or 12 month.
Now when I log in, that isn't there. Anyone know how to get that back?

login, click the customize button, and then select 'Your Balance History', then Save. It will then appear on your home page and you can re-locate it where you want.

https://imgur.com/a/Kg5Ab

Same. I bought 11 shares in my Roth around the same time. Then I have been using my trading account to jump in and out of apple and amazon. I probably should have just held in my trading account but I have been going all in and all out every time I trade so I watch it a lot more closely.

Thank GOD for Robinhood no fees lol. That is my saving grace since I touch that account a lot and don't touch the other accounts hardly at all.

Aggiesincebirth said:

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And that is a thanks to you btw oldarmy1!

I asked you about support and resistance on the day trading thread on 2/13. Amazon was at $1,345 currently $1,518. Apple was at $157 now at $177.

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Makes my day. Much appreciated!

CapCity12thMan said:

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login, click the customize button, and then select 'Your Balance History', then Save. It will then appear on your home page and you can re-locate it where you want.

https://imgur.com/a/Kg5Ab

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When i click customize, I do not get that 'more cards' button. Just cancel and save.

ok, so after hitting customize, I closed a card, and then the 'more cards' option appeared, but only had the card I just closed. There is no balance history card.

FYI - Pulled the trigger on GE calls out to June and they already moved higher.

Significant event for symbol GE1815F16

GE1815F16press Control + Q to read details popup
CALL GE 16.00 EXP 06-15-18

1000
$0.4750
+$0.0150
+3.26%
$47500.00
+$1500.00
+$10000.55
+26.85%

Up 400 today. So much for a Trump Dump.

oldarmy1 said:

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FYI - Pulled the trigger on GE calls out to June and they already moved higher.

Significant event for symbol GE1815F16

GE1815F16press Control + Q to read details popup
CALL GE 16.00 EXP 06-15-18

1000
$0.4750
+$0.0150
+3.26%
$47500.00
+$1500.00
+$10000.55
+26.85%

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Well this is working out well.

Just sold 750 of the 1000 options. at $0.64

We'll break down my trade decision on GE for learning purposes.

Class time - To begin, someone tell me what technical pattern is formed on GE?

I see lower support and a channel forming.

But I'm a noon.

CapCity12thMan said:

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login, click the customize button, and then select 'Your Balance History', then Save. It will then appear on your home page and you can re-locate it where you want.

https://imgur.com/a/Kg5Ab

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Anybody have any other ideas as to why this isn't working for me?

tailgatetimer10 said:

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I see lower support and a channel forming.

But I'm a noon.

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Correct. You see lower support forming based on volume marks increasing every time we approach (or flash breach) it. You also see upper resistance that sends price back under it when intraday moves above it.

So a clear channel is formed. What is the technical term for that channel? Hint - It's been posted on macro markets and within a stock. Even can be used on day trading.

Darvis box?

trading channel

What do y'all think of NRZ?

Comanche_Ag said:

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Darvis box?

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Ding ding ding.....we have a winner! And it could still break up or down out of that technical pattern. But when it does you go with it.

oldarmy1 said:

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what say you said:

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OA, so are you saying this is a good time to buy companies like SN?

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Yes, although SN specifically reports earnings Monday so be ready for some volitilaty. I would buy on any weakness and have zero hesitancy in averaging down if we get any further drop.

CHK under $3 would be an easy decision. I personally acquired a large position and took some off the table premarket when up 21 more cents. But I bought it back when we lost that entire 21 cent move.

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down 17% today....

Pretty bizarre. I know nothing about the company but nothing seemed that out of line except they are paying dividends in cash instead of common stock.

Ragoo said:

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oldarmy1 said:

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what say you said:

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OA, so are you saying this is a good time to buy companies like SN?

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Yes, although SN specifically reports earnings Monday so be ready for some volitilaty. I would buy on any weakness and have zero hesitancy in averaging down if we get any further drop.

CHK under $3 would be an easy decision. I personally acquired a large position and took some off the table premarket when up 21 more cents. But I bought it back when we lost that entire 21 cent move.

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down 17% today....

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CHK trying to come under $3. And SN, when I said volitilaty and weakness. Bingo!

Only thing I am not liking on SN as for a hard bottom is that this drop back peaks below recent lows yet look at the volume today. There is none. On one hand you would like to see volume support buyers creating a higher volume day on the reversal from the bounce. On the other hand the volume was all on the sale side today so any interest will send it higher. However - I do not like seeing that break below the recent support low. That bears (pun intended) watching if we are not back above it tomorrow.

Quote:

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Ding ding ding.....we have a winner! And it could still break up or down out of that technical pattern. But when it does you go with it.

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Oldarmy, so in this theory you wouldn't buy until it moved above $15.05 or below $14.40?

tramaro1 said:

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Quote:

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Ding ding ding.....we have a winner! And it could still break up or down out of that technical pattern. But when it does you go with it.

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Oldarmy, so in this theory you wouldn't buy until it moved above $15.05 or below $14.40?

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If you are a trader looking for the easy trade then yes. You may also decide to trade the ranges with entry approaching lower level. That's what I did with the large option trade coming off lows with huge volume buyers. That trade yesterday paid a big % gain in a day with the good close and early spike. But I took 75% of those options off the table, made a nice profit and covered the cost of the remaining 25% out to June expiration.

AMZN buys ring


https://www.cnbc.com/2018/02/27/amazon-buys-ring-the-smart-door-bell-maker-it-backed-through-alexa-fund.html

Back in 100% on GE Call Options out to June 15. Price per contract $.39. Double bottom on the day trader chart so I have a tight stop loss for re-entering the trade at $0.35

oldarmy1 said:

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Back in 100% on GE Call Options out to June 15. Price per contract $.39. Double bottom on the day trader chart so I have a tight stop loss for re-entering the trade at $0.35

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which contract is $0.39 per share?

Ragoo said:

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oldarmy1 said:

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Back in 100% on GE Call Options out to June 15. Price per contract $.39. Double bottom on the day trader chart so I have a tight stop loss for re-entering the trade at $0.35

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which contract is $0.39 per share?

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June 15th $16. Apologies for missing a key detail. Here is current quote.

GE JUN 15, 2018 16.0000 CALL GE1815F16 DETAILS

Refresh all quotesAs of 02/28/2018 11:22 AM ET
Last Price
$0.3900
Change
-$0.0500 down -11.36%
Bid x Size
$0.3800 x 50
Ask x Size
$0.3900 x 456
Volume
321
Open Interest
28,834
Day's Range
$0.3900 - $0.4200

On macro markets here is support resistance. For traders the higher lows and higher highs for each support/resistance level is making for clear entry/exit decisions. As we know markets love to fill gaps and markets look to be closing the yellow circled gap up today. As long as that 2nd (middle green line) support line isn't broken nothing has changed. Obviously as a trader I posted a couple of days ago that I was taking profits from that day and then any I held I would take as upper resistance is approached. That puts me at 30% trades still being held and 70% profits locked in on exiting trades. I'll be mainly idle now that gains have been locked in from the large trades, due to being above the mid channel mark. Happy to wait for next larger opportunity.

We just filled that yellow circled gap. Day traders will be buying it. DOW down 78 so watch for at least short term bounce before any further directions.

Back to green. Gaps mean things. Again, who cares why. Trade them and win.

oldarmy1 said:

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Back to green. Gaps mean things. Again, who cares why. Trade them and win.

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Sorry for the novice question, but I see other gaps on the DJIA chart that weren't filled. Obviously it's not an absolute, but why weren't they filled?

Bob_Ag said:

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oldarmy1 said:

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Back to green. Gaps mean things. Again, who cares why. Trade them and win.

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Sorry for the novice question, but I see other gaps on the DJIA chart that weren't filled. Obviously it's not an absolute, but why weren't they filled?

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You trade the first gap....you ignore the 2nd one going that same direction. 2nd one = caution for a reversal failure.

And as for day traders who bought right when I posted the gap filling......they are selling right here +58

oldarmy1 said:

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Bob_Ag said:

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oldarmy1 said:

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Back to green. Gaps mean things. Again, who cares why. Trade them and win.

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Sorry for the novice question, but I see other gaps on the DJIA chart that weren't filled. Obviously it's not an absolute, but why weren't they filled?

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You trade the first gap....you ignore the 2nd one going that same direction. 2nd one = caution for a reversal failure.

And as for day traders who bought right when I posted the gap filling......they are selling right here +58

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AAAAAND that's why you sell. DOW -142. p.s. volume came in down 142 so some attempt to stabilize going on. Again, day traders will buy on that signal with tight stops.

I sold off a good 20% this morning and felt good to preserve some profits. However dropping late a second day in a row sucks, especially when I traded green up until the drop... Just as I did yesterday

tailgatetimer10 said:

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I sold off a good 20% this morning and felt good to preserve some profits. However dropping late a second day in a row sucks, especially when I traded green up until the drop... Just as I did yesterday

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Should be out of most trades to the long side. Be a seller above the mid-channel mark and sell into up days.

Pipeline carriers have taken a serious beating....ete,etp just had a blow your socks off earnings report and are trading near or at 52 week lows....kmi too.