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Replies to #31856 on lowtrade

lowtrade

05/13/12 1:36 AM

#31877 RE: Coolman138 #31856

Like any craft, drawing lines on charts is a skill needing experience. Don't get discouraged. Keep at it.

You couldn't find where to draw chart pattern lines because there are none.

As for share structure and TA indicati they all tie in with the game. But when evaluating charts for technical analysis, you should keep your eye on the chart. Don't present other factors into you chart pattern search. Keep it basic, simple and clean. There is either a pattern, with projected price target or not. All charts don't have patterns.

If your trading style allows trading TA indicators, then second evaluate the incdicators, to see if an entry without price target is warranted. One can always buy and sell without targets to plan for. I just don't. Doesn't mean one style is better then another.

Next you also involve the share structure into the mix. That end of the OTC game play is more for mental comfort, within ones decision to play, more then a reason to buy.

I can see by your question structure, you are grasping everything involved in playing the game. But you may be creating confusion, by adding the clutter or 3 seperate evaluations in one over all eval.

To rap this up. Your on the right path, just trying to concider all, rather then 1 at a time. Your not at that experience level yet. Lets step back and find chart patterns first. Then evaluate TA indicators for entry/exit signals and share structure and story line for comfort in decision making.

UNQT
TA indicators are weak positive, Shares may be the hands of big guys, so play may occur. There is no chart pattern with projected price movement target yet.

Walk before you run. Take things 1 step at a time. All the elements are not right, as you say. They are leaning positive, with no actual indications for when change may occur or how far that change could go.

I ofter post, trade what you want, not what is in front of you. UNQT is in front of you and it looks positive. I want projections in place, action seen, and comfort my entry will be supported by the darkside on OTC plays. Then I'll say "all elements are right"

This one is lacking, for now. No pattern projestion and weak positive TA.