Replies to post #688 on The Trader''s Perspective (TTP)

[Ownwallstreet]

NG looks for bounce to continue IMO.

Dollar dropped as forecasted. Glad I studied up on those Gartley patterns as they are great :)

[Sendme]

UGAZ follow up. Link back and look at the 5 minute chart, we hit the target to the down side today. Not that it is a bottom, but I did grab some shares today in case we get a short cover. Based on that 5 minute chart I had a watch price of 5.25 for a pattern signal and buy trigger. I noticed a "W" pattern and set a buy order for the center of the W at 5.25 and a stop loss at 5.15 for a .10/share risk. Bought 500 shares so my risk will only be $50 loss.


5.41 will also be a buy trigger (add) with a 5.73 target


could even throw in a small cup and handle pattern with a 5.55 target. These are all on the 5 minute chart which I consider scalping charts, not reversals. Will need to see some patterns on the 60 minute charts for that.