Love this board. Good charts and shared info for all to learn. Keep it coming

See, with plug I see it as a six day run if you count the red day. Then a two day flag. Then Friday was the first day of this new run. With the close so near to the days high it has at least a day or 2 left on this latest run. Imo

Just found AMCF on finviz. Ascending tri that looks good

Hereigo, thanks. Is that according to LowTrade's system?
Including the red days seems to make more sense.

Bonespur; do you know if red days count as days in lowT's 3-5 day run rule? Examples, CORT had 3 green last week, Thursday red, and Friday green. I think lowT would say Thursday counts as day 4 and Friday day 5.

I ask because I'm about to sell BPZ. Run began on Tuesday green, wed red by a penny, Thursday big green, Friday red by 2 penny's. I feel Monday is day five. He hasn't responded yet but we'll see. Also even though target on the rev h and shoulders isn't reached its at a point of old resistance so this may be it for now. Either way its a good learning chart.

Thanks

Yes, exit on first red day after a high candle spike. That has not happened yet. First day of run on BPZ was Tuesday, +0.20; wed red down 0.01; thurs green + 0.20; Friday red 0.02.

I'm thinking Monday is day five of the run but target not reached. The is however old resistance at current highs of last 2 days so my feeling is this may be it.

3-5 day run rule. Anyone, can you tell me if red days count as part of the 5 days or do I omit them?

I would have liked RAD at about $5.82 where it broke out from a sym tri/ wedge. A little pricey now, there are better charts

BPZ, is target reached?

Thanks lowT. About you 3-5 day run rule, I'm also in BPZ. It broke out of rev. Head and shoulders Tuesday, red by a penny wed, big gain Thursday, and down 2 pennies today. Would you consider Monday day five of the run even though 2 red days in there? Just not sure how to count red days?

Thanks again lowT - con

Ps- I agree on FALC she will pop soon. There is also a longer term ascending tri on the finviz chart fyi

FALC- looking to enter. LowT, if you have one lower volume red day does that count as a day in the 3-5 day run rule?

Thanks- con

Smart

Cjjd, nice trade. I had the target near 2.30 and I know it went crazy today but nice trade!

Too cheap a price point for me to trade but you see the idea. It works well just following the trend of say an AAPL or GOOG. Again that's not how I trade it but it can work that way

Oh, got it. If your looking for big boards with no
Patter make sure you enter right as The last or even the last two buy signals on the indicators are fresh. That day if possible

The high candle tails on CJJD are the only thing keeping the pattern from being perfect. That being said, even if you draw a trendline connecting those peaks then you'd be playing a symetrical tri of which it also just broke out

By the way, cjjd is my #1 buy right now as soon as I exit BPZ. If everything is still a go I will be jumping in. Usually however, by the time my current trade has ended the other plays I'm watching are nearing their end and I just need to find a new play.

Just checked them out. Looks like spamming sight

Techsonian? Anyone ever use them? I here they give alerts strictly on chart patterns and was looking for feed back if its worth my time to chech them out

BB's tell you your extended but are not a sell signal. Take prof like lowT says after 3-5 green days of consecutive run up, or first red day after a shooting star or exhaustion candle. So far your still in... But I always say if you've got a good profit then why wait for the last 5-10%?

Take the cash out and compound it by rolling all into the next great pattern

Top- what pattern are you playing here Mso? If you are strictly playing the indicators on a big board play w out any pattern, that's not really how I use them although I have paper traded that idea with AAPL and GOOG and would have made bank. Right now I trade patterns just like bonespur which is why I'm on this board and just use 3 buy signals on the indicators to time my entry, hopefully a little before breakout. Remember the downside is you occationally need to sell for small loss on a breakout that never comes or your money can be tied up for some time.

Cjjd. Again my system keeps me holding a little longer than you bonespur. I'm in at anything under 1.70 and am looking for a .50 price move making target 2.20ish based on the ascending tri. I will only exit if 2 of 3 indicators reverse or if it closes below that bottom trendline which right now is at about 1.50. So I'm in. I am unfazed by this recent throwback and would even enter on a throwback if I missed an earlier entry point.

I don't want to mess you up though. if you've got different trading rules always stick to your rules! What's good about these steep slope bottom trendline ascending tri's is they won't keep you cash tied up too long. Either it will breakout on good volume or that steep bottom line will catch up to us.

True

TradeKing is 4.95 per trade

Back testing it against ZGNX's long run up, mine would have just barely kept you in while yours bumps you out and back in all the way up

Wow. I just back tested you 13 over20ma against my setup on APPY. It is amazing how many buy signals are the same! I will say I like how you can see mine setting up a little easier however

I'm going to buy soon. Hope it doesn't pop too soon

If stock is dropping and thus unlikely to breakout- sell on any 2 of 3 indicators turning sell (aroon red over green, w%r below 50, or PPO black crossing below centerline aka zero line). Also depending on the pattern I'm playing I will exit if price closes below bottom support trend line like in the case of an ascending tri. Right now I just bought BPZ (rev head n shoulders) waiting for breakout over 2.24. No bottom trend line for help on a rev h and shoulders however.

i use tradeking and after texting w bonespur the other day I started using their version of same thing

Just any cross of the green over the red

Azu, Do you use the 13 day exp moving avg for a lot? I'm a longer term trader but still look at the 20sma for some entries. Just wondering what you like about 13ema?

Thanks

Prob good forward guidance given it today's interview

Cjjd- good chart. It's a buy right now. http://stockcharts.com/h-sc/ui?s=CJJD&p=D&yr=0&mn=6&dy=0&id=p38883845717

Oh, thought you were speaking German

Good to see were on same page

APPY chart w con setup:

http://stockcharts.com/h-sc/ui?s=APPY&p=D&yr=0&mn=6&dy=0&id=p44352899344

APPY, breaking out of sym tri today. 3 buy signals on con indicator setup for those paper trading it

Sorry, AVL

Bone- what's your take on ascending tri's at the end of a down trend like ACL as opposed to in continuation?

I have the risk higher but potential reward higher.

Saw a stat recently that 75% of ascending tri's which form in as continuation go on to breakout to make higher highs!

Nice: I'm in, thecon00@yahoo.com


Thanks bonespur