Prospectus put up a nice article on QuoteTracker paintbars today. The more I learn about QuoteTracker, the awesomer I think it is.

Shown above is my proprietary secret NR3 signal, of which the formula is:

if ABS(Bar High-Bar Low) <= ABS(Bar High[1]-Bar Low[1]) AND ABS(Bar High-Bar Low) <= ABS(Bar High[2]-Bar Low[2]) AND ABS(Bar High-Bar Low) <= ABS(Bar High[3]-Bar Low[3]) AND (Bar High<=Bar High[1]) AND (Bar Low>=Bar Low[1]) set color to Blue

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

Since day trading is a lot about recognizing the patterns in charts, I have decided to post a chart every day that would have resulted in a profitable dummy trade. I will post these in the dummy-a-day category which you can simply click to review for practice. The chart will be displayed as it looked when the trade should have been executed, and when you move your mouse over the image, it will show how the trade would have resulted.
Here is one I missed today, HOV:

If you bought HOV when it broke above the 10:00 candle at $32.02 with a stop below it at $31.79, you would only risk 23 cents. Holding until the end of the day would have given you about 123 cents for every share you owned, or over 5 times your risk.

Good morning, my name is the chartist formerly known as Ugly, and I am a loser. I have it in me to do serious financial damage to my account.

Dear Diary,
Crummy fed day.
JADE is going nuts. Maybe I will start writing directly on the charts, kind of perezhilton-style.

I saw Ghost Dog last night. I don’t know man, I didn’t really like it that much. I guess it was okay. There were some funny parts, and at least it introduced me to the Hagakure.

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Since day trading is a lot about recognizing the patterns in charts, I have decided to post a chart every day that would have resulted in a profitable dummy trade. I will post these in the dummy-a-day category which you can simply click to review for practice. The chart will be displayed as it looked when the trade should have been executed, and when you move your mouse over the image, it will show how the trade would have resulted.
Here is one I missed today, AKS:

If you bought AKS when it broke above the 12:00 candle at $20.51 with a stop below it at $20.42, you would only risk 9 cents. Holding until the end of the day would have given you about 35 cents for every share you owned, or nearly 4 times your risk.

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

Since day trading is a lot about recognizing the patterns in charts, I have decided to post a chart every day that would have resulted in a profitable dummy trade. I will post these in the dummy-a-day category which you can simply click to review for practice. The chart will be displayed as it looked when the trade should have been executed, and when you move your mouse over the image, it will show how the trade would have resulted.
Here is one the ATS got today, FMCN:

If you bought FMCN when it broke above the 11:00 candle at $82.49 with a stop below it at $81.89, you would only risk 60 cents. Holding until the end of the day would have given you about 236 cents for every share you owned, or nearly 4 times your risk.

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –