Penny Stock Quotes Tracking Method

When utilizing the penny stock quotes tracking method to trading penny stocks you want it to be bases on a watch list and two intra day charts.

CHART TIME PERIODS – 1-minute 2 days, 1-minute 1 day, 3 minutes, 5 minutes, 10 minutes, 15 minutes, 30 minutes and 60 minutes of which only two charts are required is up during any time. In standard use, and immediately after a few minutes right after the opening, we want to have our main chart and one more additional chart next to it with the next smaller time period on it as the warning system. We’ll probably stop that practice, as it doesn’t show that we needed.

CHART INDICATORS – ema 9, ema 13, prior close, plus pivot points.

INDICATORS – trix, momentum, fisher transform, Williams R%, RSI, CCI with histogram. Not essential, but frequently 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 – now only using one indicator, momentum, has some settings for the multiple time frames and the settings, and the time frames must 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 standard system is a simple going trading penny stock technique based a bit on the general 3 day rule of stock rallies which says that you should never purchase stock on the third day of a stock rally, day 1 and 2 is okay, but never on day three. There is always an exception to the rule, but typically we will be selling on day three and not buying. It is a day trading technique based on the stocks momentum, which has proven itself very reliable. We use the momentum to direct us when day trading. Lastly, it is a simplistic, purchase a stock and sees it through to the end of its progress, kind of system. It is slow and provides reliable earnings in the 10 to 20% range daily, with surprisingly low risk as long as the guidelines are followed. Additionally, it is really great at predicting what stock will gap up the following day.

If you favor to trading from stock to stock, taking some small bites and then moving on, then the rumpled version is more suited for you.

ENTRY METHOD – we use the val change % indicator to inform us of stocks that are gaining very quickly out of the gate and will shows this information by providing a ranking system for each of the stock. However, val change only indicates to us that the stock is moving, so we have to find which day (1, 2 or 3) this movement is occurring on. There are two additional charting software on qt -”historic charts”(by Prophet) and “big charts” and normally we look at the historic charts and calculate the dark OHLC bars before the day’s action. If there are no earlier bars, or only one, we make sure to check how much room is provided for the stock to rise ahead of it’s resistance there is by looking at the linear regression channel to see how far the stock can move upwards, and we check the Williams R % indicator to see if it is pointing up.