Wednesday, September 29, 2010

VKNG

When I look at VKNG, I see a catalyst beginning of October, a trend forming, and a retracement coming in.

Notice how the pattern has formed so far, and notice how it reacted at the first retracement, and now forming resistance at the 2nd retracement.


My trade on this goes:

Sell .60, re-evaluate, sell .72.
Another approach is to ss it at these levels

This is a prediction, according to Fibonacci ahead of the action. Now see it in real time. (doesn't mean it goes straight to those levels. could easily fail here as easy as it skip levels, but it will follow them nicely)

So again, .60 --> .72 --> .86 --> 1.09

Don't be afraid to sell it early.

This trade will be verified via profit.ly







Sunday, September 26, 2010

the mentality of an a.d.d. trader

An overlay of the Dow Jones and this pos penny stock.

Every one of you traders who look at every price movement as a pump, you can stay in your sheltered frame of mind. You give traders a bad name. I bet there's a million other stocks that look like this and you have no concept of trading outside a time frame of an hour or two, nor what's going on in the world.

I'm referring to Kris at www.prophetalerts.com

This guy is a fraud. Likely he won't respond to this because he knows if he does, he'll eventually have to prove that he's not - and we can't have that, we'll discover that he is in fact a scam.


importance of time frame

See www.prophetalerts.com for Kris' attack on sykes for front-running

In the video he states "there is no breakout," sarcastically says "it's lookin like a breakout!" while zoomed in within a 30minute time period on the 1minute chart, "this does not look like a breakout to me."
"Would you feel comfortable buying 20,000 shares of this stock?"

Then when I confront him on the timeframe, he laughs and says
"No one.. I mean NO ONE uses a 60 min chart on a volatile chart. POS pennystocks can change direction in 1 second, why would you be watching to see what it does in a 1hr timeframe? Seriously, your not trading AAPL or GOOG. Bad idea."
me

NO WONDER why www.timothysykes.com calls you a fraud and a coward. You have no concept of time frame. Nobody trades looking at a 60min chart?? I don't put on a trade without looking at a 60min chart first! You, Kris, in my mind, have confirmed yourself to be a FRAUD. Why do people start up pay services? Because they are horrible traders and need a) the supplemental income b) because they are unable to trade with a clear mind and lack discipline.
So you sell a service where it's likely you LIE and EXAGERRATE your sizes when you trade. And people are paying you $50/month?

It's clear to me you have NO IDEA what you're doing and have no concept of trading outside of scalping and trading cowardly.


Here's a 60min chart on GSLO. Looking at my entry below, you can see where Sykes bought.






Nobody uses a 60min chart

You're a fraud and a liar.

Sunday, September 19, 2010

Friday, September 3, 2010

once in a trend, how to buy more

Note, this only works if the trend is higher! Which you don't TRULY know until the trend is over. However, this is how you're supposed to play the trend.. Where it stops, could be next week

Thursday, September 2, 2010

Regretfully, I fear this is the beginning of the end

The possibility of trending lower, leaving short opportunities left to scalping opportunities only is great one

At least its low risk... if you know what I'm saying here.