JamesPowell
Long

Alcoa still on a tear

NYSE:AA   ALCOA CORP
95 2 4
The origin of the most recent price move was around $11.38. I will be a buyer at that price with a stop at $11.28 and a target at $12.95. My logic is there was a lot of buy orders at that price and i am betting there will be some left if and when price gets back there.
littleriver
2 years ago
Hello James

I would like to thank you for the introduction to Sam Seiden and suppy/demand. I looked him up as suggested in a post on another members chart and after listening to Sam explain the system through online videos the past couple of days, I see a great deal of value in what he is sharing. But you knew that already. Thank you for sharing!

I have been following AA for some time now. I agree with you; this horse has legs but not so sure it will reach the entry your seeking. I have been applying traditional TA up til now. Your kung fu may yet prove superior. Either way, we are on the same side on this one.

snapshot
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JamesPowell littleriver
2 years ago
back atcha Littleriver, Sam's stuff is logical and simple still though money management is key because even the best levels dont always work out. There is another guy has a little website maximumlots.com has pretty much same thing in written form and its totally free and he uses these tradingview charts. Its how i found the charts. Sam usually does a thing for tradestation called morning market view on Friday mornings. On FX.com he has a lot of stuff too which is free.

Thing is, look for big explosive moves. Then find its origin. Wait for price to return to it. It will generally be some degree of consolidation. The big move happens when the imbalance between buyers and sellers plays itself out.

My oldest son bought 10 contracts of call leaps back in like September and is up like 300% right now. LOL My dad is retired and collects and sells scrap metal and my son was telling him he made about three grand and hadn't picked up a single can. LOL Dad brings me $500 bucks and says buy me some of what that boy has. LOL Im hoping to get the mentioned pullback so i can put him in a position.

Thanks for your time and for looking at my charts.
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