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I M Foe Deep

06/20/14 12:27 PM

#129 RE: sharpshorts #128

I don't understand why boards for flag patterns don't get more interest (attention) than they do here on I-hub. It's a pattern that, based on my own experience and what I've read and heard from other traders, is common and has a relatively high success rate compared to other patterns.

If we could somehow form a small community of traders who're willing to share their scan result candidates for patterns like this, we'd likely all benefit.

If this community could organize an intelligent way to cut down on the time and effort that it takes each member, individually, to come up with a reasonable list of "playable" (profitable) candidates - perhaps have one portion of members scan for stocks that have had high monthly gains and another portion for high weekly gains that have re-traced on the previous day and still more scanning one sector specifically and others scanning a different sector, etc., all looking specifically for one or two patterns - which, IMO, is the aim of a stock-market forum like I-hub,then we would all set ourselves up to be more profitable.

Instead, it seems that I-hub is mostly people who try to push others into buying high risk penny-stocks as a means to either recover some of their loses on shares that they're still holding of that stock or are trying to pump the already rising price up to even higher gains to increase their existing profits. Either that, or people who just can't let go of the fact that they made poor trading/ investing decisions in the past and do everything within their power to defend their sensitive and overly inflated egos by finding people to project their rationalizations onto.

Why can't we just be intelligent as group for once? Yes, greed is a part of our nature. Yes, self-acceptance is a common struggle for all. But why can't we just set that aside for a moment and focus on the fact that this forum presents us with a vehicle to improve one very important aspect of our lives, if only we can clear up the fog within our heads for mere moments a day: our financial well-being.

If a mere ten people could come together on this forum and each managed to keep their focus on the best ways to benefit from this medium, each keeping in mind that the main goal is to increase chances for profit for themselves, ideally, in a way that cuts down on work and utilizes all the available resources to their maximum potential, then all of those ten people would benefit, because those 10 (clear) minds will naturally design solutions more intelligent than either one of them could have individually.

Using other people as resources to inflate, or hold together, our own egos or as outlets to our greedy nature is mostly wasted efforts. People collaborating and basically agreeing to use each other as resources towards a goal, THAT's intelligence and that's how progress is made.



I M Foe Deep

06/20/14 12:54 PM

#131 RE: sharpshorts #128

Having vented all that, I'll share what I originally came here to post. I found a stock in STV that appears to be forming what professional trader Thomas Bulkowski calls a "high and tight" flag; that is, a flag that forms after a stock has risen 90 or more percent in the last 2 months.

According to Bulkowski's research, comparing the data of many hundreds of trades, using nearly all patterns and the traditional methods of trading that go with each of them, the high and tight flag is the most dependable pattern on the market, far moreso than the more common flags found within the market.

More can be read about it here - link directs you to Bulkowski's website. According to his research, having observed 253 of these pattern formations, 90% of them reached price target after breakout.