| StockFetcher Forums · Stock Picks and Trading · Intraday Alerts | << 1 ... 133 134 135 136 137 ... 1903 >>Post Follow-up |
| Eman93 4,750 posts msg #73291 - Ignore Eman93 modified |
4/3/2009 4:03:00 PM Missed all my damm trades tried to catch SRS on the reversal at 45 dumped it at 44.60....... Missed three trades on FAS at the open, then it made a nice decending triangle break out at 11:30. Then on the 6.50 cross break out, and finaly the 2nd decending triangle break out at 3:42 I didnt see that one until it was too late. I will say the screen time helps, I learn something new every time I can sit all day, I am starting to see the trades develop...... Its not what you trade its how you trade, so I paid $120 today for my education. |
| Eman93 4,750 posts msg #73292 - Ignore Eman93 |
4/3/2009 5:13:33 PM |
| Eman93 4,750 posts msg #73293 - Ignore Eman93 |
4/3/2009 5:18:25 PM It doesn't get anymore text book than that....... |
| chetron 2,817 posts msg #73294 - Ignore chetron |
4/3/2009 6:12:48 PM what macd is in the chart? |
| Eman93 4,750 posts msg #73299 - Ignore Eman93 |
4/3/2009 8:47:55 PM Chet, Thats MACD 12,26,9 I am trying to learn how to trade off the chart patterns....either day or swing. But that is a sweet setting for a 1 or 3 min chart. What do you use? |
| moby 314 posts msg #73300 - Ignore moby |
4/4/2009 12:04:43 AM johnpaul: DPTR is this in the booya buy zone on the daily? |
| johnpaulca 12,036 posts msg #73301 - Ignore johnpaulca modified |
4/4/2009 12:22:14 AM That's a nice looking Booya, especially when it closes above the mean deviation. Crystal ball indicator is flashing a buy signal. SFY is also another candidate. |
| chetron 2,817 posts msg #73304 - Ignore chetron |
4/4/2009 8:10:45 AM i use the same, my charts just don't look as nice : ( |
| EWZuber 1,373 posts msg #73328 - Ignore EWZuber |
4/5/2009 8:50:10 PM Comment about the chart posted for FAS on 4/3. This is a good one to look at in various time frames, using a basic CST (Convergent Stochastic Theory) viewpoint. Weekly Chart was in an accumulation phase. Daily Chart was in an accumulation phase. Hourly Chart was in a distributiontion phase. 5 minute chart was in a distribution phase. Under these conditions distribution in shorter intraday term time frames will be limited as there is a bullish synergy from longer term time frames. Notice that the bounce came at the 15 HR.MA in an oversold condition on the HC (hourly chart). This is a big one, one of the most reliable. 5 Minute chart was also oversold with W%R 14 hitting -91 and agreeing with slow stochastics 5,3. All at the same time that the pattern TLR(Trend Line Resistance) was dropping down to very near the current price within the pattern. A very nice set up. |
| EWZuber 1,373 posts msg #73329 - Ignore EWZuber |
4/5/2009 8:55:07 PM Eman93, I do not believe that a person can be a consistently successful day trader or swing trader without looking at several time frames. A set up might look good in a short term time frame but looking at the next longest time frame it may become obvious that the chart is not done selling off in a distribution phase. Some people would call this a 'head fake' when in reality all it is, is a rise to test resistance caused by an oversold condition in the shorter time frame. Better to wait for the test of resistance in the shorter time frame and sell short as that is the longer term trend. |
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