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$CMGO 100 million share BUYBACK on a Pennant Chart.
$CUBA Bollinger Bands Tightening
$EFFI CHART Golden Cross, First Blue Sky Breakout .007
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| Moderator willmakeitrain | |||
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***(candlesticks patterns 101)***.....http://www.youtube.com/watch?v=nggV_iX7JP8&feature=player_embedded
***swing trading***http://www.youtube.com/watch?feature=player_detailpage&v=wH8GnsjoFb0
*****...DRAWN PATTERNS/ EXAMPLES ON VARIOUS CHARTS BELOW.....******
*****A look at the basics..I CONSIDER THESE THE MOST IMPORTANT TO LEARN
BEFORE TRADING..#1 Support,#2 Resistance, and #3 Trend lines below....*****
Support
Resistance
Trend Lines
******GUYS...I CANNOT STRESS ENOUGH LEARNING FIBONACCI TRADING PATTERNS..FIBS WORK BOTH WAYS BULLISH OR BEARISH.TRADING THE BULLISH(BREAKOUT) CAN BE MUCH EASIER AND SAFER THAN TRADING FIBS DOWN A BEARISH MOVE ON A BOUNCE STYLE...MANY PEOPLE LOSE THEIR INVESTMENTS TRADING THE BOUNCE' WHEN NEVER FULLY UNDERSTANDING HOW FIBONACCI WORKS BASED ON BULL/BEAR RELATIONSHIP...
******when u look at any strong big board co like BAC or AAPL
u will see fibonacci patterns in everything..collecting ur investment on fib movements is how i stay in healthy trading..
i may make more on a buy and hold--but i fear the nights when i dont know--so technically speaking i am only trading the bullish parts of any run....so technically im always green...or hope to be..lol
--simplifying the pattern here---
lets say 10.00 is where we are buying, well call that (A), lets say the stock runs to 30.00 (B)
FIBONACCI TRADING SAYS A RETRACE of 50% (38-50) IS HEALTHY AND BULLISH OVERALL
so that would bring the stock pps close back to 15.00, if finds support and begins to rebound, WE BUY IN! (C)
NOW WE BEGIN TO SEE A SORT OF VISUAL FORMULA FOR BUYING AND SELLING---as we can always stay in healthy trading....however to always sell and rebuy doesnt mean ur making more money than just holding thru..in some cases it doesnt. the point here is with FIBONACCI you KNOW where the BULLS/BEARS are...SAFE TRADING IS KEY TO SLEEPING AT NIGHT
A TO B----find the top and sell B
C TO D---wait for C ON SUPPORT, (usually close to 38-50%) retrace and sell D
E TO F----continue the pattern
**when FIBONACCI is broken and pps retrace falls under 50% movement is no longer deemed bullish...i usually will wait a whole pattern thru to see the confirmation pick up again
trading the FIBS down is waiting for the BOUNCE...(A) knowing when to sell is (C)
letting the downtrend continue, ticker finds support, and u buy back in (B) let it run on a BOUNCE and sell (E)
continue the pattern as it persists....this is a tough style to trade and takes skill and much patience..most of all keeping greed out of it....holding through on a downtrending stock is not the way to make money..look all over ihub..look at the runners,see how the stock ran hard, and how people are talking about a comeback yet losing money the entire time when you could be trading the FIBONACCI SWING all the way down...
PUT THAT TOGETHER!!!
*****A LOOK AT THE DAILY CANDLE*****PUTTING IT ALL TOGETHER!!!!!!
***NOTICE ON PREV CHART I DID NOT BUY AT THE "BOTTOM" OR SELL AT THE "CAP"..I MADE THOSE MOVES WHEN THE TECHNICAL INDICATORS SAID IT WAS SAFE TO DO SO AND VALIDATED MY REASON..MAKING KNOWLEDGABLE AND SAFE TRADES IS THE KEY TO SEEING THE STORM AND ITS GREEN SKIES$$$$$$$$$$$$$.
NOW, it is extremely important to know the diff between what potentials the play is...
BOUNCE----simply when pps finds support before it bounces north to its capped level..before getting there is my exit, get out first, dont get caught guessing top!, falling knifes may never trip a stop loss or u may just never make anything or lose money and very sad when u were up in $$!..never hold bounce plays as trend lines tend to be downward..in and out plays
BREAKOUT a pps that has a setup to break thru a resistance level..blue sky breakout style..great plays .can be hold type plays
***KNOWING THE STYLE OF PLAY IT IS BEFORE GETTIN IN IS THE DIFFERENCE FROM SEEING UR ACCOUNT GO UP AND FALL TO ACTUALLY KEEPING THAT ACCOUNT GREEN!!!
***WELL I HOPE U ENJOYED MY TECHNICAL STUDIES / CHART SCHOOL SECTIONS
I REALLY HOPE U CAN TAKE SUMTHIN AWAY AND LEARN FROM IT!!..LIKE I SAID IM STILL LEARNING, AS WE ALL ARE..!! HEY IF U HAVE ENJOYED A PARTICULAR SECTION LEMME KNOW ON THE BOARD!...WOULD LOVE TO HEAR WHAT U LIKED...OR IF THERE IS SUMTHIN I CAN ADD PLEASE LEMME KNOW!..THANKS.... GLTA HERE!!..
***FOLLOW AND WATCH THE BOARD FOR FIRST STORM ALERT CALLS!!
AFTERALL WHEN SKIES ARE GREEN...CHASERS SEE THE GREEN $$$$$$$$$$$$!!!!!
http://www.youtube.com/watch?v=3k3jxi4JhXA&feature=player_detailpage
