Market Watch for week of 7/06/2009

[billhart22]

Do not turn me into a sub-penny trader

You are hooked, buddy...want another hit? LOL

This one isn't for free! muhahahahaha

I love the leverage.

[billhart22]

Are you lurking out there?

[Dr. Dave]

I could actually write a little script to keep track.

Which reminds me, someone said they were using a mac... here's that script I wrote that gives you a quick on the fly % gain/loss, $ gain/loss, risk/reward answer on the fly using the command line:

Note, I called it rr2 (for risk reward too, can see that in the example line) - also it factors in a $7 trade (or $14 round trip in commissions) - so just change the number 14 below to whatever your commissions are - since we are dealing with pennies, the commissions are often more complex - ie. a percentage of the trade for some platforms - so just guestimate. I find it real handy if I have a few minutes before close and don't have the time to plug the stuff into a calculator - online or a real calculator.

Actually, for the "game" - I can use the output of that little program I suppose, but you can also use an excel spread sheet - if you're interested Bill, just pm me, and I can email you a spread sheet set up. I set up a spread sheet to already to track some additional stats from that game. I wanted to see how many of my trades won quickly, and how much I would have made only using $1000 per trade. Ah crap - but to get the numbers into the spreadsheet for the online game, I had to hack another script... the columns on that game aren't all across the page, so it took some hacking.

Here's the other script for risk/reward, etc.


#!/bin/sh
# May 31 2009
# Dr. Dave
# Script calculates
# G/L percentage
# G/L in $
# amount after trade exited
# risk and reward

# enter the following after the command:
# entry price, target, stop, trade amount
# example
# >rr2 100 150 95 1000

###########################
echo $1 $2 $3 $4 > tmpfile1
awk '{
print " "
print "gain " (-($1-$2)/$1*100) "%"
print "gain $" (-($1-$2)/$1*$4)-14
print "exit amount $" $4 + (-($1-$2)/$1*$4) - 14
print " "
print "loss " (-($1-$3)/$1*100) "%"
print "loss $" (-($1-$3)/$1*$4)-14
print "exit amount $" $4 + (-($1-$3)/$1*$4) - 14
print " "
print "reward/risk " ((-($1-$2)/$1*$4)-14)/-((-($1-$3)/$1*$4)-14)
print " "
}' tmpfile1
/bin/rm tmpfile1

[Dr. Dave]

Ok -

I printed 50 charts - man - lot tougher than the chartgame.

I can see a whole new obsession starting.

btw -

I can't remember if I mentioned how I liked the stochastics being in phase for a rebound on the BCLE 60 min - it looks like a turnaround at the same low as before, have a doji on the daily and just need to get a confirmation candle tomorrow (today) - I'd rather see the low at 0.0175 than lower... even if we were to move higher, I think its more positive stopping here.





Ok - I got to go home - I'm gonna lose it all if I don't start waking up before the market closes.

[Dr. Dave]

I looked up whether a corrective part of an elliot wave can be even ie. the "C" even with the "A" - and it ends up, the criteria are on the money just about... for that to happen, you want the "B" to be close to the "A", which is what happened - so we are online for elliot wave/reverse symmetrical triangle tea leaf analysis - just a note to anyone reading this, this is only for my own sick enjoyment of over analyzing patterns that aren't really there...

It takes some editing to put the letters into a new chart - so I'll just reshow the previous chart for my own psychoticness - just add in the recent candles...

[Sean]

how come when i google maps satellite 1370 Hurontario St., Mississauga, Ontario (mglg's office?) it comes up w/ nothing?

it's actually prolly an hour and a bit away from my house... if it is actually there..

ahhh can't decide, 50% bcle and 50% mglg or 100% mglg
think nows a good time for both? it seems like it, they both went down last week.

if i say 350000 shares (and don't think all or none) whts the chances tht i'll get all 350,000?

[trippingthespeculatingpos]

what u think of ocnf in the 1.20's bill? id love to get it lower but i dont know if it can, although everything in the market seems to be going lower these days.

[Sean]

and don't click all or none*

[Dr. Dave]

what u think of ocnf in the 1.20's bill? id love to get it lower but i dont know if it can, although everything in the market seems to be going lower these days.

Many indices are sitting right on support levels - alcoa reports today to open earnings season - if there is a break down, you'll get your 1.20's - as the support line there is 1.20, so it should at get to just about there at minimum if the market tanks - could go lower too.. I just looked at a default chart -

See everyone is waiting -
http://quotes.ino.com/chart/?s=CBOT_ZD.U09.E&v=d3
that's DOW futures - head and shoulders - just sitting there waiting for the reports to come out.

[thetree]

Sean,
You will get them all, eventually. It will just come in lots of 50k, or whatever is for sale at the time. also, i think you should drive over to MGLGs office and see whats cookin.