Hi Guys, just a quick note on some questions coming up on using the service.
Supporting member (S6.99 monthly): can read posts, comments to posts, create new posts, upload video, audio and picture files.
Non Supporting member: can only read posts.
To get the most from the site and to have the greatest potential to improve your trading become a supporting member, but as a non supporting member you'll still be able to read my daily posts and those that the supporting members are posting.
Pinned Posts: These are the posts that reside at the top of your Newsfeed. I usually pin a post that I want you guys to read. Example our Vision and Goal statement is there now. I'll also pin this document.
Newsfeed: Your Newsfeed, is the list of all the topic (posts) we are creating. If you look at the very top of the Newsfeed you'll see two fields, Posts By: and Sort By:
Posts By: allows you display posts by only certain members or by your own posts. There are many options in there to narrow stuff down. Check it our. The default is "ALL"
Sort By: Allows you to sort the posts in various ways. The default is "Trending". I would recommend setting it to "Recent" if you are creating a new post this will place your new post near the top of your Newsfeed just after the pinned posts.
If you create a new post and can't find it set "Posts By" to be yourself, you should then be able to locate it quickly.
Creating a new topic (Post): Any supporting member can create a new topic. At the top of your Newsfeed you'll see a box that contains the words "Share something with the community", click on that box and it will open with a Topic field and a field to enter your text, just fill those in with the information you want to share. There are also buttons at the bottom of the box.
Add Content button: Click this button if you want to attach a video file, audio file or picture to your post. You'll need to add your chart with this button in some cases.
Publication Settings button: All the setting default to off. The only one you should be concerned with is the "Only for Supporters". If you turn this button on then only the Supporters can read your document. I'll leave it up to each individual on whether you want to share your posts with the larger community.
As noted above you have the ability to upload audio, video or picture files.
Here is some information on what is supported.
Restrictions on uploads:
Regular members - 5 min duration and below 200MBs
Creators on basic communities - 30 min duration and below 1 GBs; max 10 files per day
Creators on upgraded communities - unlimited (though we suggest you don't upload files bigger than 5GB)
Acceptable file types for Videos:
mpeg
mp4
ogg
mov
webm
x-ms-wmv
x-flv
3gpp
3gpp2
Acceptable file types for Audio:
mp3
mpeg4
wav
m4a
If you have other questions concerns just ask in the comments below.
2 trades for me today with +1.5R total
1st Trade QCOM +2R
148.39/149.97 exit 143.25
12% gap down under pivot support and 50ma after a strong daily double top rejection,. I took it on a congestion breakdown with a fairly wide stop, leaving my 2R target 50c over its ATR, slow but consistent move down with great RW, hit my target on the penny before it bounced.
2nd Trade AQB -0.5R
9.40/9.70 exit 9.56
I rarely trade stocks under $10 and even more rarely short them. I liked this daily chart as it broke its uptrend channel and stayed under a strong 9.50 support line enough room to its daily 50ma. I entered after a pullback with a fairly wide stop but only 1/3 of its ATR used at the time. It failed to break down with the strong market open and stayed in a narrow range.
I actually broke my plan with this trade as I lowered my stop to a pivot where price made a big bounce earlier at 11am with a large seller sitting there. My thought was that if it breaks that level again then it will likely...
1 trade for (-1R)
I took a BD on QCOM. I was worried about the target being close to the daily range, so I took a tighter stop on the 2 min chart. I am looking through PTS right now, most of the examples have 2 options for where to put your stop. It looks to me like one of the stops would be at the bottom of the main consolidation area, and the other at the bottom of where there has been a shakeout or turnaround bar (if there has been one). Due to the daily range I took the tighter one on this. In hindsight it seems obvious to take the wider stop, but in the moment it looked ok.
I was then looking at the 15 min 3BP on QCOM, but the reason I used a tighter stop in the first place was because of the range. The 15 min 3BP would have needed to have gone even further than the wider stop on the 2 min BD, so I didn't take it.
