Replies to post #43993 on lowtrade

[lowtrade]

Double bottom charts

ZBB


CERE


NAK

[BlindSquirrelFindsNuts]

A little help please. Your thoughts on this VPCO-VAPO deal. Better to be in one than the other prior to the merger? Can they both run up on anticipation? I have no position in VAPO. Still holding some VPCO at 2.40 avg.

http://ih.advfn.com/p.php?pid=nmona&article=64321164&symbol=VPCO

One day at a time

[lowtrade]

link back - Big boards

Posted 2 posts about moving from the OTC to the big boards. And posting recent big board results are to show pennylanders there is an alternative to the OTC. But I have to stress, these gains are not typical. Finding so many small caps with large gain charts is normally the exception, not the rule. Usually you find chart patterns offering 5 to 15% targets under $5.


Closed WLT for 30% at open, because of high red day candle. Also closed LEDS at open @ even +/- a penny or two. Ascending triangle break fake out.

Talking of fake outs. Standing buy @ 3.50 for MPO closed Friday and price retraced to pattern break. Was planning to take a loss at open today, with standing sell market order, but it gapped open to 3.50 and closed where I bought. So that saved my 10% loss. Pure luck.

Plus MM closed for 22% in 1 day last week.

So total on this round of small cap trading ended @ +52%. And 33% playing FAS/FAZ for a month.

Still watching the 3 double bottom stocks. SIAF retracing south on week 3 decision, Off watch.


Take profits when they present/ They present the first red day of a run. Take losses quickly, preserve capital!

Trailing stops @ LEDS & MPO were -20% on 40% pattern targets. Take losses quickly, preserve capital!

Basically Chart patterns tell me what to play. TA supports a buy decision and resistance break triggers the entry.

TA indicators and overlays show change in the stocks momentum, volume, and trend. Entry/exit indicators I use are DMI and 5.10.20 MAs, Support indicators are StochRSI and CMF. MOMO and volume, support trend change breakout entry/exit signals.

Chart patterns present target prices for breakout runs or retraces. And because of the historical reliability of stocks preforming during chart patterns, the likely-hood a stock price will move in a certain direction increases. More so then charts without patterns.

Trading on technicals; I want a chart pattern first. That way I know the odds for a move are in my favor. Next I want positive TA indicators. That way I know retail sentiment is in my favor. And last I want good volume. That way I can expect increasing support for any breakout.

I teach study chart patterns 1st, TA indicators 2nd, and support/resistance 3rd. 4th understand how gaps effect future.