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STOCK MARKET TRADING AND ANALYSIS FOR 06/09/2008

This entry was posted on Monday, March 8th, 2010 at 11:09 pm and is filed under Investing. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

25 Responses to “STOCK MARKET TRADING AND ANALYSIS FOR 06/09/2008”

  1. Hi Antonis,

    That is “a trade”, but a higher risk trade that I’m not willing to endorse in an unsupervised public format such as this. My more aggressive strategies will be taught outside of this YouTube format such as in my Day Trading Video Course where they can be far better explained. So based on that, no trade for the purpose of my general subscribers here.

    Regards and good trading,

    SnP

  2. antonisprotopapas on March 9th, 2010 at 12:27 am

    Hey SnP, small question.
    If we have a break of a Support level with a pullback to the MA’s but a few points over them without making a new high(While the emas are neither declining nor rising) and then a break of the last low. Is that a valid trade?

    Thanks a thousand

  3. Hi Redskin!,

    Welcome here. The software I’m using is eSignal.

    Regards and good trading!,

    SnP

  4. Hi CTA!,

    YouTube said it was too long to post here so I emailed it to you!

    Regards and good trading!,

    SnP

  5. im new to your videos how do you get that program your using?

  6. Hi there NewTraader!,

    You’re very welcome and I’m glad you’re enjoying everything! Listen, I use some Tick charts, 1min, 3min, 5min, 15min, 30min, 60min, Daily, Weekly, and Monthly charts.

    However, for the purpose of the nightly video, from an intraday perspective, I only show the 15min chart. You should be able to see that more clearly as of tomorrow nights video because this weekend I fixed the blur issue with YouTube!

    Regards and good trading to you!,

    SnP

  7. hey snp, thanks for all you do. what type of bar do you use? 1 minute? 3 minute? etc. thanks for all you do. look forward to purchasing your video.

  8. Hi there Da Kid!,

    Thank you very much for that great compliment. I’m glad you found us as well! Thank you for calling us home!

    Regards and good trading!,

    SnP

  9. Hi there CTA!,

    I’m sorry, I thought you got my memo! It was your turn to post my levels this week….

    Well, the good news is, I’ll bail you out this time… Check back in the morning :-)

    Regards and good trading as always!,

    SnP

  10. you are doing a great job and I am glad I found your channel a couple days ago.

  11. Snp, I am trying to re-tablish new leversl with the recent move, but I cannot find though your videos the new sup/res levels ?

    Would it be posible to post all your levels you show on your video ?

    thanks for your service …

  12. Hi Trader!,

    The first thing you need to do in my opinion is go back and watch the last 12 hours worth of videos. The rest I’ll email to you.

    Regards and continued learning!,

    SnP

  13. Hi there Rubantin!,

    Thank you for your compliment and I’m sending you a private message!

    Regards and continued good learning!,

    SnP

  14. SnP,
    The last couple of days I have had trouble with youtube, however your excellent education made every great. Thank you for the time you put into educating each one of us. Since I found you in early February (I think) I have developed a much more solid trading plan.

    Thank you,
    Chris

  15. Feel free to object if you disagree but I think MACD is a bit of a lagging indicator on a daily. I do however like it for viewing weekly and monthly charts–it think it gives fairly reliable signals for longer timeframes. I do use it on the daily but more as a secondary or tertiary confirming indicator along with RSI, ROC, DMI, you know the usual suspects.

    I’m intersted in what other traders think so feel free to chime in.

  16. Continued from above….

    I don’t like seeing chat rooms that say you need “big stops because this is a big boy game” then turn around and say “remember, it’s never to early to take your profit!” I mean come on… How is that really helping?

    While the smart “gurus” offer virtually nothing for free, I offer a lot for free since I don’t need to live off of colleagues high priced subscriptions to earn my living. I put traders first, and my website second!

    Regards and good trading!,

    SnP

  17. Hi there Vince!,

    Welcome from Honk Kong! I loved my last visit there! Thank you for the very nice compliment and encouragement!.

    I want to address my dislike for those I call “gurus” I’m not addressing legitimate thought leaders in our industry that have the best interests of our colleagues at heart.

    I’m referring to those $300 chat rooms, $several thousand dollar seminars, that leave people poorer and with nothing to show for it.

    Continued below…..

  18. Ran out of space there AA8… Send me a private message if that didn’t clarify it and why those loss levels for you!

    Regards,

    SnP

  19. Hi there AA8!,

    You’re very welcome! I hope that will continbue to serve you well and with great success in the future!

    Now, assuming this was an actual viable short that fell through support and retraced to it, that would have been an 1394.50 entry (close of 14:30ET) from my perspective.

    So your target would have bene 1390 or 1386 depending on your style (Scalping or larger). So imho your stop should have been 2-3 points max. So 1396.50 or 1397.50.

    Regards and good trading!

    SnP

  20. Hey Trash!,

    Yeah, I just thought Thursday night/Friday morning was an aweful odd time to be telling people to be so bullish. My real beef about it though is when they do that and have wide stops which I’ll address when I answer Longshort99’s note in a moment.

    I do use RSI, MACD, and a host of other indicators as confirmation of my intuition. The key is not to use them as a substitute to good analysis first! That why I don’t show them often!

    Regards and good trading as always!

    SnP

  21. Hi there STI!,

    Yeaaaahhhhhhh Singapore! Thank you for the nice compliment and I’m glad you’re here representing Singapore and our colleagues there!

    Regards, good trading, and nice to meet you STI!,

    SnP

  22. Hi there Namji!,

    You get a Gold Star for demonstrating your application of past videos to the current environment! Keep it up and you will be ahead of those that just want tomorrows answer without learning a thing!

    Regards and good trading as always!,

    SnP

  23. Hi there Xenix!,

    Thank you for your kind words and support as always! I’m glad you’re here and as I know from our offline discussions, you’re one of those traders that works hard studying, studying, studying!

    My work here will serve as a pivotal piece of everyones program, but is not meant to be a substitute for true dedication, and just a “give me the answers and go away” type learning environment! So keep up the good work!

    Regards and good trading as always!,

    SnP

  24. Hi there Steve!,

    You are one of those examples that really keeps me motivated when I’m frustrated with the turkeys and unhappy people out there in the trading community.

    Knowing through our offline conversations exactly how you’ve applied my work, and exactly how it’s chaged you firsthand, gives me a great sense of accomplishment!

    I’m glad you’re here, and I’m glad you put forth the effort to make it happen!

    Regards and good trading as always my friend!,

    SnP

  25. Hi there CA!,

    That’s great to know! If you were able to apply anything from here to your plan, then it’s a great day for both of us!

    Regards and good trading as always!,

    SnP