johnpaulca 12,036 posts msg #73290 - Ignore johnpaulca |
4/3/2009 3:26:18 PM
Another good day for EXC...gold is getting killed, energy, well $$$...I am under water with FAZ. If the DJX breaks 8000, FAZ will burn.
|
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.
|