Replies to post #4168 on WEALTH BUILDERS TRADERS PARADISE

[dmlabuda]

I concur on FTWR, I'm watching a large symmetrical triangle on the hourly price chart (below) that appears to be forecasting a large upside breakout with the potential to reach or surpass the 200 day SMA.

By-the-way, thanks for the invite, looks like a very interesting board.

FTWR - 60 min Candlesticks

[mick]

[dmlabuda]

WOW! Well, I guess I would have bet wrong on this one. I was right about the significant breakout. I should have mentioned that the breakout from a symmetrical can go in either direction. I actually took a position yesterday at $0.36 expecting it to go the other way. But, when I could see that it was not moving, I sold it at $0.37 thinking I would try again today. I'll tell you this. Swing trading like I do, has saved me a lot of money over the years. If the market does not do what I expect it to immediately, I just get out with a small profit or loss and wait. When in doubt, stay out. Good rule to follow!