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September 29, 2006


DIVX for Dummies

DIVX has been active since its recent IPO and is worth keeping an eye on (for the time being anyway). Assuming Dummies didn’t get long above the third bar, a sweet little narrow range bar showed up three bars (45 minutes) later.

DIVX

This entry was posted on Friday, September 29th, 2006 at 10:33 am (utc+8) and is filed under Trading and Investing.

6 Responses to “DIVX for Dummies”

  1. Brad said:
    September 29th, 2006 at 5:20 pm

    I was watching DIVX (30 min chart) and missed my entry as it ran past my entry point. I didn’t want to chase, so I waited for a pullback near my entry point, but, alas, that entry never came. I missed a beauty here, but at least I didn’t chase (consolation prize).

    Great web site Mao. I’ve learned more from you than from any book I’ve ever read. Thanks a ton.

    And by the way, if I can start making some money, you will have your gift via Amazon. (You still have a wish list there, I suppose?)

  2. Angie said:
    September 29th, 2006 at 10:20 pm

    I’ve browsed through your other “Trading for Dummies” collection, but I haven’t seen the little sevens and the grey dots on the chart defined. What do they mean?

  3. Declan Fallon said:
    September 30th, 2006 at 4:03 am

    I was just about to comment on the same thing…

    DJF

  4. C. Maoxian said:
    September 30th, 2006 at 9:11 am

    Brad: Did it trade through your stop-limit price or were you trying to enter it manually? I’m interested in execution issues. Thanks for the compliment on the site — I find it filled with fascinating stuff myself. ;-) I do have a Wishlist at Amazon but it’s out of date and probably filled with wacky stuff that I don’t necessarily need or want. When you make big money let me know and I’ll tell you which color Bentley to buy me, lol.

    Angie & Declan: The little blue 7 marks NR7s (narrowest range last seven bars) and the little red 7 marks WR7s (widest range last seven bars). Gray diamonds mark 20 bar highs and gray dots mark 20 bar lows. D marks dojis, and C marks closing price reversals.

  5. Brad said:
    September 30th, 2006 at 4:24 pm

    Mao,

    Manual entry. I always do manual entries, but I guess you use stop buys? Hmmm…maybe I need to make a change; this isn’t the first trade I’ve missed because of a fast move up.

  6. C. Maoxian said:
    September 30th, 2006 at 5:09 pm

    Brad: It depends on the action, but I am partial to buy stop and buy stop/limit orders.

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