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Dinerotrader

Interesting Charts for Technical Trades

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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.:)

 

attachment.php?attachmentid=17339&stc=1&d=1262819459

5aa70f96cdd8c_1-6-20103.thumb.png.ebf9a1582978a54178e013822c82b2b9.png

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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.

 

 

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5aa70f9872c08_1-7-20107.thumb.png.33c1df462cd853cc7fcc5572c49e8f66.png

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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.

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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.

 

attachment.php?attachmentid=17422&stc=1&d=1262911742

 

 

 

 

Best Wishes,

 

Thales

GOOG2.thumb.jpg.e89a22df5e012e59684b0691f9d7aeec.jpg

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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.

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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

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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.

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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.

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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.

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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."

 

attachment.php?attachmentid=17520&stc=1&d=1263064915

5aa70f9d3c7eb_1-9-20106.thumb.png.7a37e32bbd57ee46659d59db33fdb350.png

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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.

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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

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