PLS

3.17%

$3.05 pilbara minerals limited

Many thanks Slick! Great show. Lots for me to play with there....

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Joshwah

359 Posts.

137

05/06/23

21:07

Post #: 68142073
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Originally posted by slick: ↑

It's a good question and I'll try and answer it as clearly as I can. Just need to remember that every trader is different and one's temperament is a very underestimated quality in share trading. I work within a share trading group outside of HC and it's fascinating to see all the different personalities and what combinations fit their comfort zone.

Anyway, I'll combine a 2, 5 and 10 min charts for entries as between those 3 I can get a pretty solid feel for momentum and strength. But if sticking to those time frames for exits, I was finding that I was smashed out of trades to quickly and paying heaps of brokerage for very little gain. See, as you'd well know, for every spike in SP there's a backtest and those tests were flicking me out. So by switching to a 5, 15 and 30 min charts my results improved dramatically and had a smoother 8/20 to act as a tour guide.

Here's an example:
Check out how jumpy the SP is on the 5 min chart especially in relation to the 8/20 and yet then look at the 15 min chart and the 8 has been nicely above the 20 only testing it on Fridays close and late this afternoon. Today certainly wasn't a traders day on this one as the opening gap never closed and you won't get traders jumping in on highs.

I'm a bit slower than most but I also worked out that different stocks trade differently in terms of volumes and spreads so by sticking to only a handful of favourite stocks, you get to know each stocks little patterns as the orders flow through. (reading the tape).

Hope I've made sense.

Cheers

PS, hey I wasn't too far out with my little scenario yesterday, I indicated an open of 4.64, out by 1 cent.

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Many thanks Slick! Great show.
Lots for me to play with there. I'll try it out a bit on my exits, they could use work... the bank must love me (brokerage).

Thanks for your posts and sharing!
J

PLS Price at posting: $4.56 Sentiment: Buy Disclosure: Held
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Add PLS (ASX) to my watchlist

(20min delay)
Last $3.05		Change -0.100(3.17%)		Mkt cap ! $9.185B

Open	High	Low	Value	Volume
$3.13	$3.15	$3.02	$74.55M	24.33M

Buyers (Bids)

No.	Vol.	Price($)
4	89482	$3.04

Sellers (Offers)

Price($)	Vol.	No.
$3.05	37502	3

View Market Depth

No.	Vol.	Price($)
6	31294	3.030
12	119629	3.020
6	50011	3.010
54	211167	3.000
11	153088	2.990

Price($)	Vol.	No.
3.050	11000	1
3.060	10330	1
3.070	36169	4
3.080	41571	4
3.090	30000	2

Last trade - 16.10pm 04/10/2024 (20 minute delay)

PLS (ASX) Chart

Many thanks Slick! Great show. Lots for me to play with there....

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

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Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BCI reaches close of funding facility for salt-first part of Mardie project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Buxton projects new graphite province discovery at WA Narryer play

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Many thanks Slick! Great show. Lots for me to play with there....

Top Stories

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BCI reaches close of funding facility for salt-first part of Mardie project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Buxton projects new graphite province discovery at WA Narryer play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News