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so is VPHM going to move on biotech sympathy this week or will i have to cut it loose?
looks like it going to roll over twice...can't be a lot of holders...it's pre-run volume is very anemic...i'm watching it very closely...
i'll buy 81...got another 14 days until earnings...
i don't know what's going on with COIN...i picked it up off of CNBC and bot it at 11.71...following the money here...it's already turned it's float over once...
back in USU 8.47...
geeze...you don't miss a beat, thx! good morning
D...thanx for swinging by (NPI)...i also enjoy your visits and would like to discuss your TA as your time permits, as i know you are busy and time is a premium, but perhaps sometime?
what you have stated regarding times frames, "rear view" mirrors and traders, etc, is right on...using multiple time frames to get the bigger picture, with the occasional monitor inversion, working in any of the time frames should be enough, one would think...and i know of no better technology to read the warm blooded animals better than TA!
thx again.
mattie, this chart's purpose is to hopefully just illustrate an example of 'fade the false breakout' and 'buying on strength' scenarios, plus a couple of side comments...once again, i commend you on your diligence...you have noted similar conditions found here...
and of course, i have to go with my colors...
thank you mattie for not making me do that first!...i absolutely love your drive and determination!...and you are doing well! thx for taking the time.
i am off to a bruncheon, so i will address this more by putting up my interpretation later this afternoon..great exchange, you've come a long way.
>>It’s the “opposite” part that’s throwing me. I don’t see the buy/sell behavior as being any different for a trend vs. a range. If you’re entering a trend, you look for an entry when the price has pulled back into congestion – weakness, right?. If you’re trading a range, you enter around support - weakness, right? So, what’s opposite about those two? <<
don't over think this mattie...when you are entering a trend, you are buying the consolidation on the pullback, which is "strength" not "weakness"...
that should get you properly aligned...it's the mind set change between trend trading and channel trading...
happy saturday!...
this is my 2bitz on what the doc is saying...
channel trading is an overall condition where the tops and bottoms form plotable lines that are horizontal...this is where you buy/sell, as price is showing either weakness or strength, as it approaches either condition (the lines of the channel)...(this can be applied to long or very short time frames)
trading in an uptrending pattern where the "channel" rises instead of being horizontal, is where you buy into congestion on a pull back...this requires you to depend on the trend direction for a breakout that goes up...
the term "fading a breakout" can be a bit misleading in that a "breakout" can be a move in either direction, though is typically perceived as a "bullish only" condition that only breaks "up" by most...so "fading a breakout", long, would be buying the bottom of the channel (that looks like it's breakout is down), and visa versa for a short.
take a look at jec...how many channels can you plot in this uptrending stock?...it's a good example of what the doc is saying in relation to channels, trends and breakouts...if you trend both the channels and the upper trendline, you will see the realtionship between the upper trendline and channel breakouts and price...this helps define the difference between when you fade or not...
there ya go!...congrats! this market is so slippery...cash is good!
i can almost see the volume bar...lol...but i do believe this is one of those shirts i want to have on for now...
i hate that strategy desk commercial...friggen hollywood!
lol...how true!
stopped out VMW...protect your capital!
yea...i wonder how much their writers make?...do they all have a pre-briefing to present and review the script of the day? or are they the epitome of "thinking on your feet", conjuring up conclusions not yet drawn?
looks like PEIX is holding support and putting in a doji on decreasing volume...the question is, will i remember to check it on monday?...lol
certainly, i was just looking for the best seat...you likely will leave happy, but you were sassy when you arrived and there's no reason for that to change when the party ends...
i was late, not normal for me...i previously posted that it was a buy at 9.15 on good volume, and then once again, i went on to other issues...and now were bagholders!...lol...but it's friday and softness is expected, though it is interesting to see the volume come in during the overall fear in the market...nice breakout on the weekly.
okydoky...ava goody!
in VPHM 9.85...
VPHM has broken daily resistance and come thru the intermediate trendline on the weekly...keep an eye on it...no position...
i didn't mean to start anything, it was just a little chart humor... arg-arg
i don't want to win, i want to run! there's nothin like being an industry statistic!
just don't pop off with the 5Ss or i'll do the freak!
lol...well that makes two of us...make sure you include the MTBF and MTBS! that'll assist in the root cause analysis!
now there's an ISO9000 answer!...next you'll be issuing a c.a.r. so an eco can be written!
bcon note....
if it goes where we expect it, the weekly chart will look like that old gal in the playboy magazine cartoons...
do they still publish that cartoon? (it's not a cya, i really don't know) lol %^)~
>>put it in my trading plan<<
good'n!...key, very key!
if you don't have a plan when you go fishing, eg; where, when, what to use, how to present it, etc...you just won't catch fish...
print the chart (any), annotate it, and record upon the chart where you would have entered and how many shares...do this on paper only, no cash...do it on a few charts...observe the progress and resolve what went right and what went wrong with your interpretation...learning to trade with cash is trading with scared money...there are two things to learn and learning about yourself is the most difficult.
i break rules too frequently myself, even though i justify it in my mind...lol
it'll probby go down now...
lol...JK!
read the book...use the force...!
great!...i'll check it out! i've been holding this dog for a little while, so i'm relieved that's it's coming back...thx for the post.
wow...JEC coming in heavy!...
AVNX up 10% and still green....volume is rising...position at 86c...
ACTC up 60%!...lol...coulda, woulda, shoulda bot it yesterday...lol!...
BTU pivoting...no position...
will the fedspeak help JRJC?...up 8.7%...no position...
NFLX up 7.75%....no position...