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HEB - the target on the sym tri would be .26ish + .42 =.68
Jay - there is a short term rectangle and a longer term rough sym tri. If you play the rect. It's only 0.06 cents deep so target is only .06 cents above breakout, some of which is already in play. The better play would have been the breakout of the sym tri at about .42. Indicators look great and volume is increasing. If you play it i would say be ready to dump at least half at the close target or at that .55 peak resistance
Good to know. I don't buy at support either but as you know I love buying between support and resistance if I have some or all fresh buy signals on my indicator setup.
.90 just happened to be where I got filled. Would not be surprised at all if we see it breakout next week.
Thanks for dd and very true. Pennies are even more difficult to tell what the street was looking for. I'm glad I got some at the support line. Are you still looking to jump in at 1.05?
INVE - in today @ 0.90. Earnings must have missed. My 3 indicators all a buy. Aroon was the last to cross yesterday when you found it. Bottom trendline held. Just Waiting for breakout now. Prob next week sometime.
Don't have time to mod but I will help answer q's
INVE - nice asc tri. I don't like that its not in continuation and all the intraday fake outs. I do like all the green volume of late. Earnings came out tonight so wait and see tomorrow.
Amcf - closed above break today. I'm not in. Too long a pattern
Agree. I think it's getting close. Looks like a Mini asc tri near breakout line w prop a 4.25 target. Just need a close above 3.50ish
ANTH - rectangle bottom looking for upside breakout. Strong chart. Any thoughts?
Tradeking is 4.95 per trade and I've had no probs in 3 years
I don't like where finviz has top channel line. Move it higher a little and it make one wonder if its not just a head fake. Wait on volume imo
AZY, you meant symmetrical tri. Just helping newbies
We'll put :)
CUR, really good find Jason
Yeah, this board we all help each other. Bonespur and I both learned from LowTrade's camp so it figures we have similar rules and style. AZY, it seems you enter and often make good calls and catch much of the momentum from what I've seen. Why not just use a momentum indicator only after your already in as your exit and STICK with it. Nothing will ever get you out at top but we all find good patterns to move our profits into. Why try to squeeze out every drop. Try an 80 downside stochastic cross or an aroon drop below 80. Any Momo or even trailing stops like you were trying will work. I've just found its way easier to play less stocks at once. I'm finally having my best year by sticking to my same profit taking strategy and moving on.
Ps, paper trade lowT style but don't through the baby out with the bath water. I think you've got a good6 trading strategy you just need to set exiting rules and 6stick to them no matter what. Remember when I said your 13ema 20sma cross should similar entry points to my system. I was impressed. Your getting good entry points. Stay w it! Maybe avoid what you've seen to be your highest risk plays and or if you play those then make sure to jump out very quickly.
Let me know what your going to do for selling strategy. Thanks, con
June adcom date for etrm
FYI I'm not in ETRM yet but it's right up at top of my list
Gold has been on fire. Fundies and chart lining up. Should be a good trade for you
Thanks. Is appy something you look at on a day trade or you avoid intra day news runs like this?
APPY 8.30 am conference call to report final phase 3 trial results. Boom or bust but AZY you might love day trading it. its up after hr. Already closed above resistance. News is expected to be good imho
I don't play too many channels
You are correct. Nice asc tri back to oct. Not two patterns. Finviz has it drawn out well.
I've been doing the best I ever have going for 20-35% per trade! using lowTrade 3-5 day run rule, and or first red day after an exhaustion candle to sell and move on. I go all in or half in on each and just keep it moving. Fewer trades but only play what I love, not like. Up 90% since end of July w only 2 losing trades and 2 flat trades
Sheff entered ETRM today at 2.24
ETRM st watch IMO. Nice ascending tri forming and insider and hedge fund accumulation this Q. Has not broke yet though and needs volume
Appy closed above resistance line. Found out they have an event late march where they release trial results and apply for FDA approval. Like when technical and fundies Mach up
Putting it into finviz will help you. It's at the top of channel and prob will bounce downward for a week or more. If it breaks that top channel line buy it!
Great job locking prof but what's the tip? Trailing stops?
I would have bought the asc tri at about 4.60+ breakout and now be looking to sell tomorrow or next day on 3 day run. We just have different styles
The only time I play something like ARIA would be on the rectangle breakout back on dec 23rd. I usually don't play just a bounce off bottom trendline but I like watching how you trade many stocks I wouldn't. If I could watch more during day I prob would trade more in line w what your doing
Yeah, good asc tri but long pattern. It could take a while still to break imo
Jason, it is but the neckline is not even close to horizontal so the top resistance line sort of makes the pattern useless. See how they draw it out on finviz.
ANTH has a real nice rectangle bottom and near breakout
Nice, but now were late on it.
AMCF, I'm considering it. Nice ascending tri. Any thoughts?
Thanks, con
AMCF, I'm considering it. Any thoughts?
Thanks - con
Five day run ended and now has red day w high candle spike. I would be selling
I hear ya and no need to be greedy. Just saying it prob has a little bit left. I never got in cause Im still tied up in BPZ but can't complain. Still making $
Trtg chart not bad but it's not a true ascending tri because the top resistance line must be horizontal, otherwise it's a wedge. Second you really want to play ascending tri's after an established uptrend known as continuation. As for that first chart, I discount any pattern that's not over a least 1 month long so it wouldn't qualify