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Here is a 60 min chart of BRCM. The consolidation is clear. I tend to trade these similarly to TopGun' with respect to time frame, ie., I would be looking for a scalp versus a position. However, for those of you who read this and would care to comment: It seems to me that BRCM has built an...

Topgun' your posts are all anyone needs to make a living trading. Please know that you have helped a lot of traders today, and thank you for the outstanding contribution.

mdl' great point about the second move. SOmetimes you miss the move altogether because there is no retracement, but otherwise like you said it is a low risk entry. Here is a Daily chart of BRCM. Today is an inside day so far, but also notice the last several sessions have been consolidating...

Hey snoop' - thanks a lot for the followup. That is valuable stuff. Btw, the gap down that didn't take out the high is exactly how I play gaps when using this strategy. Thanks to everyone who has contributed to this thread. I really appreciate it, and I know there are scores of others who do...

Tyren - there's no doubt about the consolidation there. Nice chart and thanks for the heads up. Thinskis, speaking of heads up, mine is still up my... wait, let me phrase it better.... I'm still without an acct that handles commodity futures, so once again the herd moved without me. You, on...

I like this picture. It is probably my favorite setup. I have no stats to prove that I am succesful with it, but I know I am always glad to stop and do further due diligence when I see this picture. In my case, the charts I review most frequently are hourly, daily, and weekly.

This should really put you to sleep.... unless you're thinking. The weekly chart of BRCM is presently nailed among four of the most monitored simple moving averages. Bollinger Bands are right there too, and closing. Daytrades and multi-day trades and strategies can be triggered here.

Tell me please... will this occur before or after the surge of people taking responsiblity for their actions? :)

Hershey -HSY- 60 minute line chart. Consolidation:

Pat', great point... well at least imo it is because I do use that also, ie., when the bands have narrowed considerably, etc. Oddtrader - Larry Connors. Okay maybe he's a better salesman than trader, I don't know. But I do know that he uses mean reversion in a simple and logical way... and...

GOOG did what one might least expect given recent volatility. The stock has traded in a range that is narrower than that of any single day for weeks. Not only that, but today is an inside day. Granted the extremes of today's trade make H-L stops for tomorrow less than desirable, but there are...

Oddtrader, nothing to report statistically. And nothing on trades lasting longer than a day. However, I can say that, empirically, combining requirements produces a higher win ratio AND larger profits per trade. But I'll take trades that don't meet all of the requirements, so I cannot make a...

GOOG seems to be popular these days. The volatility of this stock makes the current narrow range consolidation on the 60 minute chart worth looking at. Be sure you take note of your chart scaling to fully appreciate the potential of the forthcoming break.

If one understands and believes the three principles being applied with this method, backtesting is unnecessary. 1 - Quality stocks are aggressively accumulated. 2 - Stocks exhibit cyclicality. 3 - Volume and price contraction precede volume and price expansion. That said, an...

Fantastic work here Spyder'! Very well done sir. Congratulations on your well-deserved success, and thank you for this huge contribution to the EliteTrader community.

thin' I see hogs are down about 5-6 cents a car in the last 3 weeks. I forget the contract size... is it 40K pounds per? And thanks for charts.

It sure would be nice if cattle would do the same. I'm tired of paying up for porterhouse b/c everyone in the US is on the Atkins Diet. :)

I had already sold some calls several days ago at 1.05, so to say that I "caught the move" on BRCM would be lame. I covered the Oct 30's today at 35. The price action of the chart after I posted the 'opportunity' reminds me of a signature that Zentrader used to have... "the first move is a...

Opportunity: BRCM 15 minute chart.

nice chart! Please have no qualms about posting commodity fundies if you have the time. I know I would like to learn more and I suspect others would too.