Day traders' weekend lounge October 13 - 15, 70355113, page-49 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by slick: ↑

Gees I miss @mirren morning sector charts, they were so good in giving a fast indication of short term direction. Appreciate it was a huge workload.

Just doing some homework in prep for this coming week. Gees there's going to be a smorgasbord of Lithium stocks primed for a run but the sector continues to print lower highs and lower lows and a 50ema struggling to maintain it's position above the 200.
Volume has also fallen in the sector but I hear we're not supposed to work with volumes. (what a joker). An increase in volumes over numerous weeks will be a great indicator of a sector reversal IMO.

BIO sector is similar except appears more advanced with a tightening range and spurts of volume increasing. Kind of teasing everyone. Again the ASX is riddled with BIO stocks primed for a run. IMO.

Obviously these are weekly charts therefore the DT opportunities aren't displayed here but I'm sure you get my drift. When these sectors reverse it's game on IMO.

Cheers.

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It did not actually take me that long to post the charts once used to it 10 mins or so from memory - ... it would be a 6 am start currently in QLD
- I am also too busy atm-
A Sunday night wrap of the various indexes would be do-able - maybe every one can post a chart of the sectors they watch like you did today... would be good ...I will see if I can do some -

Originally posted by wrighty64: ↑

Very well put Mirren.
Forex rarely has volume trouble on most major pairs however for us mugs in Aust the best volumes and movements are mostly from 10 pm to 2 am, same applies for CFDs most major commodities and blue chips there is also a very good range of ASX companies in the lower bracket on CMC platform also trade exchanges worldwide.The ability to go long or short on most of the above gives flexibility and leverage up to 20x also.
Not for the uninitiated though as it requires dicipline and patience and charting knowledge.Profit and losses are magnified best advice i can give you is to set up a practice account and play around with it for a minimum of 6 months.
Much easier than chasing penny dogs on the dodgy one sided ASX casino.

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There are so many things to trade - I agree discipline and patience are key charting a must - and using the right indicators actually - It is a fluid market a lot of the time - however you do need to understand the timing of the one you are trading asx dax us500 etc they have their high traffic times - And their quirks imo I had the demo on for a long while and think that was good as you do learn how it all works before risking your own money - if only they let peeps do that with the spec asx trades I like it though -and watch it all the time now ...

GOLD was a big reversal this last week interesting it found the low between the 50% and 618 fib ... good to see your still lurking - we really need more
input and ideas from more people to see what they are up to and trading
I do miss your picks with a lot of the commodity stocks - your good at FA - be nice if you mentioned ones you like every now and again...