Here's a link to the video if quality on the blog is bad:
https://docs.google.com/file/d/0B82U0eZh1EYQRThyaEVuYWdzanc/edit
Showing posts with label Level 2. Show all posts
Showing posts with label Level 2. Show all posts
Tuesday, March 4, 2014
More NVLX Level 2 Analysis
In addition to level 2 analysis, I also spend some time in this video discussing OTC routing and how I get executions.
Here's a link to the video if quality on the blog is bad:
https://docs.google.com/file/d/0B82U0eZh1EYQRThyaEVuYWdzanc/edit
Here's a link to the video if quality on the blog is bad:
https://docs.google.com/file/d/0B82U0eZh1EYQRThyaEVuYWdzanc/edit
Wednesday, February 26, 2014
Level 2 Example: NVLX Morning Panic
Please review the NVLX setup coming into the day, which I covered in this watchlist. Hope you find the level 2 video helpful!
If video quality is poor, please view at this link:
https://docs.google.com/file/d/0B82U0eZh1EYQQWRxVXR6VElMOTA/edit
If video quality is poor, please view at this link:
https://docs.google.com/file/d/0B82U0eZh1EYQQWRxVXR6VElMOTA/edit
Friday, February 21, 2014
Level 2 Example: PTOG Opening Action 2/20/14
Please begin by viewing my "Level 2 Basics" video before viewing this one!
Before jumping into the level 2 action, let's start by examining the chart setup and my mindset going into the day:
PTOG had a very strong day the previous day, mostly due to a sketchy PR about this oil company entering the marijuana sector. However, I don't care about the news, just the price action. PTOG managed to close up on the day almost 200%, breaking out past the morning high late in the day. I liked this strong closing price action, so I decided to take an overnight position. I slowly bought into a position at the end of the day, and I bought 500,000 shares to hold overnight from an average of $0.0215. The stock closed at $0.0234.
When starting a fresh day, you don't have a whole lot of chart action to play off of. Going into a new morning, there is really only one price point that I typically consider to be key, which is the previous closing price. If the stock can stay green on the day, or in other words stay above the previous closing price, it is a sign of strength and a positive indicator for the stock. However, if the stock goes g/r (green to red) or, in other words, drops below the previous closing price, that shows a huge shift in momentum and the odds of a large pullback increase.
The video below will show the level 2 action from the morning of February 20, 2014, as well as a real time chart developing. Please pay attention to how I analyze the level 2 in combination with the chart as it is developing.
Hope everyone finds this video useful, and please contact me with questions if you're having trouble!
Note: Video cuts off at the end - sorry about that!
Before jumping into the level 2 action, let's start by examining the chart setup and my mindset going into the day:
PTOG had a very strong day the previous day, mostly due to a sketchy PR about this oil company entering the marijuana sector. However, I don't care about the news, just the price action. PTOG managed to close up on the day almost 200%, breaking out past the morning high late in the day. I liked this strong closing price action, so I decided to take an overnight position. I slowly bought into a position at the end of the day, and I bought 500,000 shares to hold overnight from an average of $0.0215. The stock closed at $0.0234.
When starting a fresh day, you don't have a whole lot of chart action to play off of. Going into a new morning, there is really only one price point that I typically consider to be key, which is the previous closing price. If the stock can stay green on the day, or in other words stay above the previous closing price, it is a sign of strength and a positive indicator for the stock. However, if the stock goes g/r (green to red) or, in other words, drops below the previous closing price, that shows a huge shift in momentum and the odds of a large pullback increase.
The video below will show the level 2 action from the morning of February 20, 2014, as well as a real time chart developing. Please pay attention to how I analyze the level 2 in combination with the chart as it is developing.
Hope everyone finds this video useful, and please contact me with questions if you're having trouble!
Note: Video cuts off at the end - sorry about that!
Due to poor video quality, please view at this link:
https://docs.google.com/file/d/0B82U0eZh1EYQaUpPN3VQQnNNcTA/editThursday, February 13, 2014
Level 2 - The Very Basics
I get quite a few questions about reading level 2 for OTC stocks. Below I'm going to post some old videos I made about the very basics of reading level 2 that will, hopefully, clear up some confusion for everyone. There are a few points that I may not have sufficiently covered in the videos:
1. Level 2 is most useful to me in times of volatility (spikes or panics)
2. Level 2 is more useful to me for OTC stocks than for listed stocks
3. When I trade during volatility (for OTC stocks) I base my decisions more off of level 2 than the chart
4. During consolidation, key points on the chart matter more to me than random level 2 movement
It's possible, if not likely, that I'm unclear at certain points in some of these videos. Feel free to email me if you need anything clarified. In the future, I will post additional level 2 videos and get a bit more in depth. Until then, review these and memorize the basics, because the basics are key to understanding the next round of concepts!
1. Level 2 is most useful to me in times of volatility (spikes or panics)
2. Level 2 is more useful to me for OTC stocks than for listed stocks
3. When I trade during volatility (for OTC stocks) I base my decisions more off of level 2 than the chart
4. During consolidation, key points on the chart matter more to me than random level 2 movement
It's possible, if not likely, that I'm unclear at certain points in some of these videos. Feel free to email me if you need anything clarified. In the future, I will post additional level 2 videos and get a bit more in depth. Until then, review these and memorize the basics, because the basics are key to understanding the next round of concepts!
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