Thought I'd save this for the lounge, but I'll post it now as I'm just chillin'. Have a read and comment/educate me if you're bored from making so much money :)
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!!!
But I didn't - I already put more money in AZH and am still happy.
I'm actually more cranky that I got stopped out of PBT a few days ago :)
