Interesting Charts for Technical Trades

[Dinerotrader 10]

URI...Don't know if this will hold...it's a mid-channel support play with some consolidation at whole number...

 

 

Can't see your image. Upload the picture to the forum and paste into your post. Here's how to do it.

 

Click on "manage attachments"

 

Browse to find your picture and upload it.

 

Right click your picture link and choose copy shortcut.

 

Click on Yellow "insert image" icon and paste the short cut you just copied.

 

Now you have a post with a pic of your chart for all to easily see.

[Guest Velenje]

AONE - Looks great. Some positive divergences and higher volume on uptick - should go higher

[Dinerotrader 10]

DW

 

That is one serious support level! Got the 123 move up and trendline break today. I'll try to watch this tomorrow.

 

[PerqL8 10]

Can't see your image. Upload the picture to the forum and paste into your post. Here's how to do it.

 

Click on "manage attachments"

 

Browse to find your picture and upload it.

 

Right click your picture link and choose copy shortcut.

 

Click on Yellow "insert image" icon and paste the short cut you just copied.

 

Now you have a post with a pic of your chart for all to easily see.

 

Can you see this one?...I can see the chart in my original post, so i'm a little confused...hopefully this will work...thx...

 

[Dinerotrader 10]

Can you see this one?...I can see the chart in my original post, so i'm a little confused...hopefully this will work...thx...

 

URI

 

I can see your original pic now but I couldn't this afternoon. Thanks for posting. Here is how I see this one. I would be looking short unless some bullish price action shows up. Seems like a large S/R area there to deal with so could set up long or short depending on the following days.

 

[ziebarf 10]

CMLS

 

Not taking this trade myself, but this is one way to play this stock...

[SunTrader 10]

Based on what, besides the overall market dropping?

[StevenSJC 10]

Gotta say pretty good call on CMLS then given it's drop to 2.67 today.

 

I see on my charts a short set-up as well but I wasn't smart enough to look at this until today so missed it -- hope you caught it

 

Looks like 2.18 would be my stretch target.

 

[ziebarf 10]

Based on what, besides the overall market dropping?

 

Yeah it looked like a downtrend was starting and it was consolidating\wedging around support. Which to me equals a breakout, and I was betting that direction was with the short term trend. Wish I played that one

[MadMarketScientist 11]

They should let us have mulligans in trading - maybe the broker can give us like 1 per week where we can go back and take that trade we missed! Good call though virtual or otherwise.

[SIUYA 11]

Mulligans - there is an interesting idea.

 

Which would you rather a mulligan on - a trade that lost on, that you could not take again, OR a winning trade that you did not take?

 

The answer might tell you a lot about what you are doing right or wrong in your trading.

[brownsfan019 17]

Easy answer for me since I keep my losses very reasonable - my mulligan would be when to EXIT a winner. When I buy the lod or sell the hod and it turns into a big move, I'd like to keep my trade on till the corresponding high/low.

 

[SunTrader 10]

I'd never "look a gift horse in the mouth".

[MadMarketScientist 11]

I think my mulligan would have to be to drop a losing trade.

 

If I'm following my trade plan I should be catching all my winners - meaning taking my trades as they set-up without of course knowing if it's a winner or loser.

 

So I would just like the opportunity to drop that worst loser on the week. A trader can dream right?

[Dinerotrader 10]

FEED

 

This has been in a big downtrend so I am ready to cut loose if a new low is made.

 

[MadMarketScientist 11]

Thanks for getting the thread moving again.

 

I took a look at FEED as well - see attached - I looked at a Daily chart though I also like looking at 195 Minute on swing trades. Mine showed short which you can see though it does have the chance to trigger a long which you can see on the "+" on the chart. Of course given that huge downtrend not sure I'd be loading the boat on it but it's there.

 

[MadMarketScientist 11]

Another one I haven't looked at in a while is JPM but looks like it has been trading GREAT.

 

I like for swing trades the 195 minute -- more activity than the daily chart but still very much a multi-day move type chart.

 

Currently in a long which is actually the 4th long since the bounce around 8/27. Maybe pushing our luck a bit given the move could be getting tired at least temporarily. I've noticed the odds drop a bit especially on the 3rd or 4th consecutive for obvious reasons. However, definitely a nicely trading stock -- good for options as well.

 

[Dinerotrader 10]

FEED

 

This has been in a big downtrend so I am ready to cut loose if a new low is made.

 

 

Today turned out well for the FEED position.

[MadMarketScientist 11]

Yep, looking pretty good -- I marked up the chart where the stop and target would be for me. I would tighten stop again but only make a move like that 1x per day -- since this is a swing trade.

 

[Dinerotrader 10]

Today turned out well for the FEED position.

 

I was worried about my position for a few days but today is looking good with some nice volume on the move up.

 

[Dinerotrader 10]

FEED

 

Finally got some bigger movement on this one. My basis 2.33.

 

 

[Dinerotrader 10]

FEED

 

Still going strong on this position.

 

[MadMarketScientist 11]

Go FEED Go!

 

Nice - still holding it? Any exit strategy?

[Dinerotrader 10]

Go FEED Go!

 

Nice - still holding it? Any exit strategy?

 

Still holding. My exit strategy is to basically get out when the chart shows some end to the up trend.

[MadMarketScientist 11]

What do you use to help you determine the trend is coming to an end?

 

If it's proprietary in nature no worries, no need to detail.

 

Just thought it would be helpful to others to have some idea of what you personally would look for to head for the exits.

 

Thanks.

 

MMS