10baggerbammThe Comeback Kid:
most of the algorithmic programs that exist trade right on these lines I mean they're supporting resistance and everybody sees them it's a patience game I trade on them constantly I take all my emotions out of it I don't care what news is going on throughout the day makes no difference to me what noise is going on in the media I look for it to bounce off the minute it's in an upward trend I put my buy in I mean literally when I say a minute I mean minute I'm looking at specialist if it's listed market makers if it's over the counter NASDAQ to see if the bids are growing when you see those big stack up you know it's like 10 to 1:20 to one because everybody is right on that band for support that's when you go and you buy it and then same thing when it comes time to sell when it touches that upper band a lot of people look for breakouts I don't because typically you'll fail two or three times before you get a break out and rather than write it back down I'll sell it that upper band limit and when it pulls back to the moving average the middle moving average I'll buy it again
10baggerbamm : it's going to 168 whether you like it or not and you better pray if you believe in prayer that it holds 168 or there's a big gap down.
小韭菜啊 : time to buy
GuruGuruGuluOP 10baggerbamm: I feel 173 should be the level where there would be a rebound. it touches MA and the previous consolidation area
10baggerbamm GuruGuruGuluOP: daily moving average is 168. that's the support at the lowest level of the Bollinger band beyond that it's a new leg down.
The Comeback Kid 10baggerbamm: 168? What are you using? SMA 20 days?
10baggerbamm The Comeback Kid: yeah the lower Bollinger band is a 20-day moving average it's dynamic so it's constantly changing
The Comeback Kid 10baggerbamm: Ah, Bollinger Band. Got it. Thanks
10baggerbamm The Comeback Kid: most of the algorithmic programs that exist trade right on these lines I mean they're supporting resistance and everybody sees them it's a patience game I trade on them constantly I take all my emotions out of it I don't care what news is going on throughout the day makes no difference to me what noise is going on in the media I look for it to bounce off the minute it's in an upward trend I put my buy in I mean literally when I say a minute I mean minute I'm looking at specialist if it's listed market makers if it's over the counter NASDAQ to see if the bids are growing when you see those big stack up you know it's like 10 to 1:20 to one because everybody is right on that band for support that's when you go and you buy it and then same thing when it comes time to sell when it touches that upper band a lot of people look for breakouts I don't because typically you'll fail two or three times before you get a break out and rather than write it back down I'll sell it that upper band limit and when it pulls back to the moving average the middle moving average I'll buy it again
aoimizu 10baggerbamm: that will be nice