Interesting Charts for Technical Trades

[Dinerotrader 10]

GILD

 

Wish I had seen this yesterday. A good candle touching support is definitely something I normally buy. Another reason I need to teach my kids to scan thousands of charts each night for me. Maybe I'll give them some percent of the profits if I buy one they find.

 

[thalestrader 14]

GOOG

 

This has been a fun one for me. Too soon to short (for me). I'll see how it acts if and when it declines to the zone outlined on the chart.

 

Best Wishes,

 

Thales

[Dinerotrader 10]

GES

 

Price is now at a serious resistance level. Buy a breakout with the trend, or sell the reversal. Not sure.

 

 

[Dinerotrader 10]

HWD

 

Diamonds I would think are going to make a come back as the economy recovers. Last I heard women still liked them. Just barely broke out of resistence and got a way before it touches the upper trendline. I'm a buyer with stop below the lower trendline.

 

 

[Dinerotrader 10]

HCBK

 

Little wedge pattern with an ending bounce off the equilibrium climax.

 

[thalestrader 14]

equilibrium climax

 

Now that phrase is an eyebrow raiser

 

Best Wishes,

 

Thales

[Dinerotrader 10]

Now that phrase is an eyebrow raiser

 

Best Wishes,

 

Thales

 

:rofl:

 

I wasn't sure what to call the end of the wedge as sellers and buyers come together and price volatility narrows to almost zero. Once I wrote it, I liked it so I went with it. I actually forgot about it until you posted this and it made me laugh again.

[thalestrader 14]

GOOG

 

Still watching GOOG - still too soon for me to short, and I really am interested in whether its sets up a long opportunity. It pierced the upper level of the zone I bracketed last night. Ideally price drops to the 580 level and then we see what happens.

 

 

 

 

 

Best Wishes,

 

Thales

[Dinerotrader 10]

GOOG

 

Still watching GOOG - still too soon for me to short, and I really am interested in whether its sets up a long opportunity. It pierced the upper level of the zone I bracketed last night. Ideally price drops to the 580 level and then we see what happens.

 

 

From a fundamental standpoint, I'd also think Google will have some odd movements right now since people are trying to digest the future impact all the news that is coming out at the Consumer Electronics Show right now in Las Vegas.

[thalestrader 14]

From a fundamental standpoint...

 

I honestly do not pay any attention to that sort of information. I let others slug it out, and I use the chart to align myself with the strongest slugger. If they are going to fight to a draw for some time, the chart will tell us that too, don't you agree?

 

Best Wishes,

 

Thales

[Dinerotrader 10]

I honestly do not pay any attention to that sort of information. I let others slug it out, and I use the chart to align myself with the strongest slugger. If they are going to fight to a draw for some time, the chart will tell us that too, don't you agree?

 

Best Wishes,

 

Thales

 

I totally agree but to be aware the "fundamental" news can help in understanding irregular price movement perhaps. For example, I don't want to interpret how the oil inventory report on Wednesday morning will affect oil futures prices but I want to know when it comes out so I can be ready for some irregular price movement. Does that make sense?

 

You should get your daughter scanning through some stock charts and have her throw some up on this thread. Might be a fun change of pace from the currencies. Just a thought. Maybe she can find some BBBO to trade.

[SunTrader 10]

TLAB

 

16.4% move off the bottom in mid December.

[Dinerotrader 10]

TLAB

 

16.4% move off the bottom in mid December.

 

The break below the Support level and nearness of the next level of resistance kept me out of it. Hope you are making some money from it.

 

[Dinerotrader 10]

TGX

 

Thales, would this be a candidate for a BBBO trade for you? See the cup and handle in 09. On a macro scale like this it is a pretty tight formation.

 

[SunTrader 10]

The break below the Support level and nearness of the next level of resistance kept me out of it. Hope you are making some money from it.

 

I wish.

 

As I think I previously mentioned TLAB was a favorite of mine years ago but it's just futures for me these days.

 

Agree it looks to be into a resistance area now.

[thalestrader 14]

[Thales, would this be a candidate for a BBBO trade for you?

 

Hi Dinero,

 

No, it wouldn't. This chart from a friend of mine if textbook BBBO.

 

 

Best Wishes,

 

Thales

[Dinerotrader 10]

SFY

 

I have my alert set for a breakout on this one. The chop zone at the current price area back in Nov of 2008 has me a little concerned but not enough pass on this if it breaks with a little momentum.

 

[Dinerotrader 10]

Does anyone else use this type of analysis to find trades? It seems like pretty elementry technical analysis but it has a simplicity that I really like. I really need to work on how to manage the exits on these. Right now I am up on every single trade I entered and am holding from this thread. I could simply trail at all natural stops (last pullback pivots) or set some proft target based on the expected range which would be derived from the range of the past year or less. Not sure yet.

[Dinerotrader 10]

NPBC

 

Breakout at green line would get me in. Stop would be at red line. First major pullback would be expect at ~$9 based on trendline.

 

[Dinerotrader 10]

ZEUS

 

That's a great stock symbol. I looked at this and thought, "if I wanted to get in this to ride the trend I would be expecting a pullback very soon, possibly to the bottom trendline at which point I might consider a buy."

 

[thalestrader 14]

A Cheapie ...

 

 

 

GOOG

 

Best Wishes,

 

Thales

[Dinerotrader 10]

ROG

 

Here is a pretty good place to expect a reversal. I might buy this on Monday with a very tight stop.

 

[DugDug 10]

Does anyone else use this type of analysis to find trades? It seems like pretty elementry technical analysis but it has a simplicity that I really like. I really need to work on how to manage the exits on these. Right now I am up on every single trade I entered and am holding from this thread. I could simply trail at all natural stops (last pullback pivots) or set some proft target based on the expected range which would be derived from the range of the past year or less. Not sure yet.

 

You are really getting into trend trading with this type of analysis.

I traded a lot of stocks and used this as a great way for looking at stocks and it allows a lot of visual context to be applied - eg; what's the market, the industry the sector doing? Is this a re- tracement, or actually real support.

I have been trying to systematise the systems a little, and the trend trading fits this to a tee.

Its a whole other avenue similar - but different to the turtle trading rules.

[thalestrader 14]

You are really getting into trend trading with this type of analysis...

 

When it comes to stocks, I am mostly "long only," and if I short, it is usually by being long puts. I look for stocks breaking to new highs, preferably all time highs. I do like to buy pullbacks to prior breakout levels as well.

 

Best Wishes,

 

Thales

[india quant 10]

@ dinero

which platform this one?

thanks