This is why the 20 day is so important:
Had I waited until the 20 day was broken, I would still be in [[ENER]]. I went heavy in the name at the open and had a significant profit within the first 30 min. Should I have taken my profits? Obviously not.
Listen to the 20 day.
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I doubt thats a daily chart, so you mean the 20 min?
5 min, 20 day.
I doubt a 20 day Moving Average would oscillate like that in anything but daily movements. I think you mean 20 day but it is showing a 20 interval Moving Average which would make it a 20 x 5 min MA … which would be a 100 minute MA.
Maybe i am wrong, but I get the same chart on my screen but it is a 100 min EMA
On a 5 minute interval chart, you would need to set a period of 5760 to get the 20 day moving average.
Which would be 20 x 24 x 60 = 28800 minutes in 20 days.
Then divide by 5 mins to get 5760 minutes per period(5 mins).
Does that sound right ?
20 period MA
My buddy plays the /ES. A LOT of players use 8/34/50/200 on the 1 min timeframe.
SINO looking good!
Who would have thought ENER would go to 77 ?
I have hated ENER since I looked at the website in November 2007 and decided it was not a good buy.
Lesson from that mistake: Never judge a book by its cover.
Good stuff RC, love the accent!
HCPG boys had ENER from last week, I was also long the name and also fucked up the exit. It was pretty exceptional though, most shit doesn’t do that….
I also printed some coin in the Ags.
Keep it up and don’t forget to spend some of that money. You still working or you quitting your job?
Thanks Tom, I almost didn’t produce the video because of my southern drawl.
So it’s good to get positive feedback.
Dude, never be ashamed of that distinctive Cajun accent. It’s freaking rawesome, and very difficult to imitate.
Sort of a cross between Mississippi and Brooklyn (especially if you’re from N’Awlins proper).
Dennis Quaid didn’t do a horrible job of it in The Big Easy.
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Bayou accent is my favorite, next to Boston drunks.
Ahhh, you aahbveeahhsly did NAUGHT go to school in MAAAAHHHSSA-TOO-SAITS, then.
Oah you’d be WELL sick uv it.
Uv coahse, I also hev relatives ahhp in Maine — tha pooah man’s Maaahhhs.
(In which if you travel far enough north, you’ll magically run into…. Cajuns!)
_
To those that don’t understand Jake on this one:
He means you’ll run into Acadians
http://en.wikipedia.org/wiki/Acadia
After 1764, many exiled Acadians finally settled in Louisiana, which had been transferred by France to Spain before the end of the French and Indian War. The name Acadian was corrupted to Cajun, which was first used as a pejorative term until its later mainstream acceptance. Britain allowed some Acadians to return to Nova Scotia, but these were forced to settle in small groups, and were not permitted to reside in their former settlements such as Grand-Pré, Port Royal, and Beaubassin.
And if you’re heading up towards the 902 holla at the kid.