There is something puzzling about those pbars, MrMiyagi.
How can someone (a bot) get such a good price on a buy though a broker, such that the deal is noted on a chart? And from whom was the stock bought at such a giveaway price?
Or conversely, it could hardly be a short sell for such a poor price?
I guess it could be a bot making a mistake short selling at such a poor price. And who would be the happy recipient of such a good deal? Perhaps the bot itself, buying and selling to itself? Bots can make mistakes too it seems to me.
Attachments
Last edited by JFR on Tue May 07, 2013 1:28 pm, edited 2 times in total.
Charts posted are not recommendations. They are just a sharing of information.
JFR wrote:There is something puzzling about those pbars, MrMiyagi.
How can someone (a bot) get such a good price on a buy though a broker, such that the deal is noted on a chart? And from whom was the stock bought at such a giveaway price?
Or conversely, it could hardly be a short sell for such a poor price?
Those trades don't go through JFR, that is why they're called Phantom Bars.
Targets for AAPL and GOOG have been reached. Easy ride so far
Indeed, bull traps. AAPL immediate target is 452 with pivot at yesterday's LOD 454.31 . GOOG target is 200SMA 5min at 847.33 with pivot at yesterday's LOD 848.25 as well. Easy day
GOOG retrace is too high above 859 now, therefore invalid.
AAPL still weak below $459, looking good for bears.
Last edited by Unique on Tue May 07, 2013 1:29 pm, edited 1 time in total.
GOLD
“…tough news for John Paulson after his gold fund reportedly lost 27% in April, bringing the YTD loss to about 47%. Add David Einhorn to those taking a hit: "We were somewhat surprised by the swift decline," he said … especially given the BOJ's joining in "the global monetary printing race." Einhorn sees nothing to change his long-term bullish stance.”
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
JFR wrote:There is something puzzling about those pbars, MrMiyagi.
How can someone (a bot) get such a good price on a buy though a broker, such that the deal is noted on a chart? And from whom was the stock bought at such a giveaway price?
Or conversely, it could hardly be a short sell for such a poor price?
Those trades don't go through JFR, that is why they're called Phantom Bars.
Not go through? Why would trades that don't go through show up on a chart? Count me puzzled. And thank you for your answers, MrM. The pbars certainly do seem to indicate future targets very, very often.
Charts posted are not recommendations. They are just a sharing of information.
Targets for AAPL and GOOG have been reached. Easy ride so far
Indeed, bull traps. AAPL immediate target is 452 with pivot at yesterday's LOD 454.31 . GOOG target is 200SMA 5min at 847.33 with pivot at yesterday's LOD 848.25 as well. Easy day
GOOG retrace is too high above 859 now, therefore invalid.
AAPL still weak below $459, looking good for bears.
agreed, AAPL is toppy. see daily histogram about to turn, on short term trading below 5dma will be a plus.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Targets for AAPL and GOOG have been reached. Easy ride so far
Indeed, bull traps. AAPL immediate target is 452 with pivot at yesterday's LOD 454.31 . GOOG target is 200SMA 5min at 847.33 with pivot at yesterday's LOD 848.25 as well. Easy day
GOOG retrace is too high above 859 now, therefore invalid.
AAPL still weak below $459, looking good for bears.
Any thoughts on VMW? Looks like a strong bounce off the double bottom, currently bull flagging at the inflection point that would validate the double bottom.
Targets for AAPL and GOOG have been reached. Easy ride so far
Indeed, bull traps. AAPL immediate target is 452 with pivot at yesterday's LOD 454.31 . GOOG target is 200SMA 5min at 847.33 with pivot at yesterday's LOD 848.25 as well. Easy day
GOOG retrace is too high above 859 now, therefore invalid.
AAPL still weak below $459, looking good for bears.
What do you mean the GOOG retrace is too high above 859?
I'm long, and looking to add on the retest of the 845'ish breakout price.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Targets for AAPL and GOOG have been reached. Easy ride so far
Indeed, bull traps. AAPL immediate target is 452 with pivot at yesterday's LOD 454.31 . GOOG target is 200SMA 5min at 847.33 with pivot at yesterday's LOD 848.25 as well. Easy day
GOOG retrace is too high above 859 now, therefore invalid.
AAPL still weak below $459, looking good for bears.
What do you mean the GOOG retrace is too high above 859?
I'm long, and looking to add on the retest of the 845'ish breakout price.
I was trying to play the intraday fast and furious short setup to the target, but the retrace was too high therefore the second leg is not coming anytime soon when we're above 859.
JFR wrote:Not go through? Why would trades that don't go through show up on a chart? Count me puzzled. And thank you for your answers, MrM. The pbars certainly do seem to indicate future targets very, very often.
Well that's just it JFR, these "feelers" that the BOTs send out (from our collective speculation) are not supposed to be on the charts, they get filtered out. It just happens that this particular broker's platform was designed by an old geezer and therefore the filter sucks, to our benefit.
JFR wrote:Not go through? Why would trades that don't go through show up on a chart? Count me puzzled. And thank you for your answers, MrM. The pbars certainly do seem to indicate future targets very, very often.
Well that's just it JFR, these "feelers" that the BOTs send out (from our collective speculation) are not supposed to be on the charts, they get filtered out. It just happens that this particular broker's platform was designed by an old geezer and therefore the filter sucks, to our benefit.
Yes, I hear you, MrM. Perhaps the broker's bot is buying and selling to itself, as a mistake?
Whatever, we do benefit from the knowledge, and thanks again.
Charts posted are not recommendations. They are just a sharing of information.
Targets for AAPL and GOOG have been reached. Easy ride so far
Indeed, bull traps. AAPL immediate target is 452 with pivot at yesterday's LOD 454.31 . GOOG target is 200SMA 5min at 847.33 with pivot at yesterday's LOD 848.25 as well. Easy day
GOOG retrace is too high above 859 now, therefore invalid.
AAPL still weak below $459, looking good for bears.
Any thoughts on VMW? Looks like a strong bounce off the double bottom, currently bull flagging at the inflection point that would validate the double bottom.
VMW: Want to see a daily or hourly close above 78.85 or else price is just a shakefest that both sides get trapped in.
Bulls target hit with ease. I came in today with a pullback mentality so I missed all the run up, but I will not miss a run down if there will be one today
Attachments
My comments are for entertainment/educational purpose only. NOT a trade advice.