daytraders after market lounge 20th sep 2012, page-10

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    MemeFX - a fellow jazz fan? I find I work best with it playing. That or Slayer.

    I had my first listen to 'Waltz for Debby' by Bill Evans today - I liked it...

    I posted this earlier as my post-mortem analysis on 'How to Miss a Trade':

    My case study and diary on DEG:

    End of day 18/9 (no ann):
    -comes up on MACD cross scan
    -ADX indicates not a strong trend yet
    -ST MAs equal, no cross yet
    -longer MA bullish
    -vol below mid-term avg
    -RSI/stochs heading upwards
    -weekly potentially reversing bullish
    -0.018 id'd as support, 0.02 as resistance (0.034 next major fib)
    -chart indicates chance of return to support to form right shoulder of inverse H+S
    Verdict: watch

    End of day 19/9 (no ann):
    -already on watchlist
    -ADX indicates still no strong trend yet
    -still no significant cross on ST MAs
    -longer MA still bullish
    -vol still below mid-term avg
    -RSI down; stochs flattening
    -weekly still potentially bullish
    -0.018 support, 0.02 resistance remain
    -chart still the same; could still go either way
    Verdict: fails to reach support; watch for break of 0.02 with volume on 20/9
    Note: I'm hesitant to commit as weekly stoch's overbought-instead focus on what I perceive to be higher probability trades

    Open 20/9 (no ann):
    -first two 30 min bars bullish (!)
    -course of sales shows 2 $10K orders through at 0.021 at 10:59 (!!)
    Verdict: BUY Lapollonio!!!

    I didn't :)

    Any insights would be a treat! (besides 'Don't overthink it')
 
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