Like I said, SPRD had a level at $17.0, here's a 5 min chart,
you can see how it flatlined at $17 all morning, then it popped on
volume.
that's why you have to also zoom in on smaller time frames.
SPRD had a nice daily chart, but when you looked at the 5 min
chart, it was also nice and the 17 level also matched the daily
resistance from Monday
anyway it may only be a scalper, but it's an example
SPRD provided a nice trade. I posted it before it broke
out as quickly as I could, but it broke out on a few min after I
posted it, here's the 5 min chart
Posted by knifecatcher on 3rd of Dec 2010 at 02:06 pm
SPRD = What a great afternoon I'm having raising my stop up a
nickel every 5 minutes since you posted it LOL. What a great
trade - perfect timing. More than making up for my dumb TZA
trade this morning.
SPRD
Posted by matt on 3rd of Dec 2010 at 11:48 am
SPRD has a level here at 17.0
I am long this it, it has a floor at 16.
Posted by skyscraper on 3rd of Dec 2010 at 12:01 pm
SPRD and education
Posted by matt on 3rd of Dec 2010 at 12:00 pm
Like I said, SPRD had a level at $17.0, here's a 5 min chart, you can see how it flatlined at $17 all morning, then it popped on volume.
that's why you have to also zoom in on smaller time frames. SPRD had a nice daily chart, but when you looked at the 5 min chart, it was also nice and the 17 level also matched the daily resistance from Monday
anyway it may only be a scalper, but it's an example
SPRD provided a nice trade.
Posted by matt on 3rd of Dec 2010 at 12:23 pm
SPRD provided a nice trade. I posted it before it broke out as quickly as I could, but it broke out on a few min after I posted it, here's the 5 min chart
SPRD = What a great
Posted by knifecatcher on 3rd of Dec 2010 at 02:06 pm
SPRD = What a great afternoon I'm having raising my stop up a nickel every 5 minutes since you posted it LOL. What a great trade - perfect timing. More than making up for my dumb TZA trade this morning.
Nice that you caught SPRD!
Posted by matt on 3rd of Dec 2010 at 02:59 pm
Nice that you caught SPRD! good trade!
I actually have high hopes
Posted by skyscraper on 3rd of Dec 2010 at 02:08 pm
I actually have high hopes for it, it should go much higher...