A Post Collection of IHUB's Greatest Hits

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Posted by: lowtrade
In reply to: MrBigz who wrote msg# 9557 Date:10/14/2007 10:57:52 PM
Post #of 12078

You got it! 3 times forms a pattern. Once a pattern is comfirmed, you normally can expect it to continue for a while. I don't mind playing the 3rd bottom turn, but not until it atually turns.

There after I'd just buy the bottom line. With out the fear of buying too early. No at second though, I would still wait for the turn, but not need it to turn as far as the last time. I'm a damn low risk trader! LOL

Here's a few stocks you can look at. They are my exchange stocks and I have been playing them for months!!! Trading the up channel.

Note my comments; 2007 to present chart look

http://stockcharts.com/h-sc/ui?s=FWLT&p=D&st=2007-01-01&id=p32452374738
FWLT - channel Jan to May - bump & run with channel May to Aug - new channel mid Aug to present. PS; the bump & run reversal ended when the first trend line Jan to May was reached. up 168% since playing

http://stockcharts.com/h-sc/ui?s=cf&p=D&en=&id=p32452374738
CF - Same thing timing different. up 95% since playing

http://stockcharts.com/h-sc/ui?s=dsx&p=D&en=&id=p32452374738
DSX - same thing, up channel trend, bump & run, retrace to old trendline bottom and new steaper up trend & channel. up 62% since playing

http://stockcharts.com/h-sc/ui?s=hk&p=D&en=&id=p32452374738
HK - up trend channel Jan to July. Note no bump & run and it formed a double bottom, which I started playing this month, after 3 months on the sidelines watching. up 49% since playing

http://stockcharts.com/h-sc/ui?s=gsf&p=D&en=&id=p32452374738
GSF - long up channel which just fell apart, no bump & run warning. Been on the sidelines watch for new pattern and just started playing the new up trend channel, becasue it's bottom hit the third time. up 26% since playing

Have fun checking out the type of exchange stock I trade. Most all were sector plays, backed up with an established up trend channel to start.

As you can see I use the pattern you are studing now, quite often! But not on the OTC. Climbs just don't last long enough for the OTC. IMO 3 months max climb on the OTC!!!!


PS; I like to follow the 5,10,20 MA for entry/exit with up trend channels , on exchange stocks. In when they line up, out when they line up, upside down - 20,10,5 MA The old own this stock & don't own this stock thing!

Been pulling out 5 10% every 2 weeks or so, depending on the channel spread & timing! Banking the bit by bit gains along the way. Ever heard of that trading style? Still not long & strong and didn't loose a dime on the breakdowns!!!