Smoke signals/ Buy and sell signals (Continued) Collated by Aljini Poster:tradesurfer Date: 11/06/16 Time: 23:05:39 Post #: 18015430 Im all TA and will base all my buys for ST plays on that.
I also dont Pip trade anymore as i find this to time consuming and to be honest for risk/reward factor not worth it.. Rather play Swings/ST holds and now my longest hold ever SRT and MNE which will test me
So first up i scope hot stocks that have been mentioned 100s of x on the Hc DT and appear in the top 5 most discussed stocks for a few days. But they must fit a certain citeria.. #Bullish sector #Low Mcap #Low amount of shares #Decent management #Most important an upcoming catalyst to generate FOMO
I never fomo or chase as i know they will come back and give myself a wink while the Dts bail on boredom lol... I will have these at all times on one of my screens watching each day for my signal which im very patient with...
I will provide example below..
Smoke/Buy signals...
I keep this very simple as i believe most overcomplicate this area with too many factors regarding candles/ indicators and various other factors.. Anyone can manipulate a candle on close plain and simple hence why idont tend to hunt my buys precisely on these..Vwap can be useful for this style... #volume is the most important thing to understand.. #than the spread ..
Below is a chart that will highlight my approach with 2 different charts... Posted both these in there threads before they moved as these are simple but rewarding setups... BUX below.. Day 1. 8.9c -13c= 4.1c spread on 5.09m vol close 10c Day 2. 10.5-9c =1.5c spread on 2.47m vol close 9.5c Day 3. 9.5c-8.5c=1c spread on 2.7m vol close 8.7c Day 4. 9c-8c =1c spread on 1.4m vol close 8c Day 5. 8.2-7.8c=.04c spread on 749146 close 8c
Notice the spread decreasing each day while day 5 spread and volume gone also coming off the trend line and if we look to the left we see 7.8c from early march was the area to watch... If one was watching they also provided a hint they placed a large sell @ 8.1c after the small volume under 8c once no more volume came it was removed..... Next day follwed with 2.5m vol and closed 9.5c... Hit 14c friday Basic set up with just using 2 principles..
SCI below my Fav chart atm... Another hot stock that flew up with a Lith Ann traders pushed this hard hit 13c from 3c the day before.... Basic set up.. Same theory spread and volume slowed down after the intial peak took a bit longer than BUX but gave a few signals.. 1.You will see the day before had touched 4c on 2.7m vol now this day had 1 pip less spread and only could be pushed down to 4.1c on 1.2m vol... BINGO... Entry ... next day hit 5.9c.....
2.May fav of all volume dropping right off the previous last 3 days and this time they could not push the price down any lower than previous area. Also look at the amount of volume in Zone 1 we had decent volume now in zone 2 virtually nothing Of note they closed it on its low to try test the next day but buyers were waiting and my trigger was dbl the previous days vol and a break above 5.1c with the yellow line my trigger buy @ 5.2c...
3.also gave a signal this time they tried to back test the previous break area of 5.6c what followed was lack of volume and closing off its low with some strength.. Also Vwap was very handy gave a few clues... Notice the increase each day.... Since yellow line....
Poster:minoil Date: 12/06/16 Time: 13:46:18 Post #: 18016729 Smoke signals............some good ones there, GT.............. your first point, lots of sellers etc.............a typical case that myself and @Klue are watching VERY closely...........AJC........the sell side is being stacked with dubious orders, to the extent it is forcing the hand of sellers, making the stock look very weak.........somebody is collecting !! other smoke signals............. a "for sale" sign from the company.........usually wording in the quarterly that they are seeking new opportunities.......... management buying on market...........be careful, not all directors are that bright ! substantial holding notices from well known traders or deal makers an appointment of a corporate advisor abnormal volume........in that a large buyer takes what is available in one hit, rather than waiting it out broker data...........remember, it's not necessarily "the" broker that's trading, it could just be a client, but, it's a valuable tool
as for selling.........i agree.........robust chatter and posting is an alarm bell for me.......i try to avoid getting excited and helping a posters' sell order get filled...........cos it does happen ! Poster:forrestfield Date: 12/06/16 Time: 18:00:30 Post #: 18017377 The biggest smoke signal for me is my own research... I keep researching and whenever I can find a decent stock in the right sector I simply know that I am buying a winner... For example, I have been researching on Graphene since I saw Pak taking a stake in Imagine IM... I liked it from the first day and bought my parcel straight away... However, I was scared that it was out of the right trend and sector... So I kept researching on Graphene tech and realised that market is seriously struggling all across the world to have many graphene techs... the few listed in UK have market caps of 100m plus and they are not near enough to commercial products... So I thought let's dig more... and found out EU commission has put together a Graphene flagship fund... another big signal... digging further down and realised the Nobel prize winners in 2010 had graphene background... Kept digging and found that that the applications re Graphene are endless... you can use it in literally anything and it will enhance the product quality almost 100%... then I found that all the billion dollars companies are trying to find their way to use graphene to improve their products.. recent example of Samsung and LG quantum dotzTvs...
So IMO my research is my largest smoke signal... the others arevolume spike in a dead cat... I check it out and if it meets my buying criteria I buy... example TKL when it was at 1.9c...big brother little brother theory - credit to @strauss... Examples... while the lithium bigs were making highs few weeks ago, I bought quite a few tiny cap lithium plays and accumulated handsome gains...
