Penny Stock Quotes Tracking Method

This is what to look for when using penny stock quotes tracking method to trading penny stocks, based on a watch list and 2 intra day charts.

CHART TIME PERIODS one minute two day, one minute one day, three minutes, five minutes, ten minutes, fifteen minutes, thirty minutes and sixty minutes of which ONLY 2 CHARTS are needed is up at any time. In normal use, and right after a few minutes past the open, we typically have our main chart and one more chart next to it with the next smaller time period on it as the “warning system”. We will perhaps be stopping that practice, as it does not appear to be needed.

CHART INDICATORS: ema 13, ema 9, prior close and pivot points.

INDICATORS fisher transform, trix, momentum, Williams R%, RSI, CCI with histogram. Not necessary, but often visible as the online chart is presently experimenting with the elliot oscillator, MFI and bressert dss as adjuncts or replacements for the RSI indicator.

INDICATOR SETTINGS currently, only one indicator, momentum, has several settings for the multiple time frames and the settings and time frames should always be adhered to.

01 minute through 10 minute - 25/20 9:30 am (EST)
15 minute — 25/20 from 12 noon.
30 minute– 12/10 from 2 o’clock
60 minute — 6/5 from 3 o’clock

fisher transform 6/4
trix 3/5
Williams R% 10
RSI 6/1

The classic system is an easy going trading penny stock method based somewhat on the general three day rule of stock rallies which says that one NEVER purchase on day three of a stocks rally, day one and day two, but not day three. There’s ALWAYS an exception, but on average we are SELLERS on day three, not buyers. It’s a day trading method based on a stocks MOMENTUM, which has demonstrated itself amazingly reliable. Given that a stocks movement is essentially just momentum and is what we use to direct us during a days trade. Finally, it’s a simple, buy one stock and see it throughout to the end of its movement, type of system. It’s slow and brings consistent earnings in the ten to twenty percent range daily, with remarkably low risk as long as the directions are followed. In addition, it’s really super at predicting what will gap up the next trading day.

If you prefer to trade from stock to stock, taking several little bites and then moving on, the rumpled version is more what you want.

ENTRY METHOD: we utilize the val change percent indicator to tell us of stocks that are moving powerfully out of the gate and it provides this information by giving a numerical ranking to each stock. But val change only shows us the stock is moving so we need to find what day (one, two or three) this movement is happening on. For this, there are 2 more charting software on qt -”historic charts”(by Prophet) and “big charts” and usually we look at the historic charts and calculate the dark OHLC bars before today’s action. If there are no earlier bars, or only one, we make sure to see how much headroom or room is available for the stock to move UP ahead of it hits resistance there is by studying at the LINEAR REGRESSION CHANNEL to see how far the stock will be able to move upwards, and we check the Williams R percent indicator to see if its pointing up.