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C is a good example of all this, and one I hold from 3.97. Price broke previous high (blue line) on heavy volume. I took 1% risk at the highs, and will buy more later on. Stops at the lows near 3.09.

Also keep the longer term trend in mind. As they say "Everything works until it doesn't", and the same is true for trend. At some point it's going to hit a longer term resistance, and even though the trend at that moment may be making hh's, buying there, when price is near a longer term...

So anyway, moving right along... :) 1a2b3cppp, I'm not going to comment on your silly posts, and if you want to throw sh-t like a monkey, go back to your own thread, there are plenty fresh steaming piles of it there for you to play with.

Moving the chart ahead, we can see that now price broke an important support. I like to wait for a pullback before shorting, but like I said before, depending on my opinion, I'll take a 1% risk. The green boxes just show how I drew my support lines, looking back at previous lows where price...

Chart 2

Chart 1

Again simple terms 1. A bull trend is defined by Higher highs, and higher lows 2. Bear trend is low highs and lower lows. Knowing these two things is really all you need to know because this is the ONE true thing that defines a trend. All that other crap is too subjective, but this is...

I'd say Iron's thread is one of the best price action threads on et, but unfortunately like most other PA only threads it dies out because everyone has a different way of trading, and therefor their advice is in a constant state on conflict among other posters. Then you have to take into account...

Nice symmetrical triangle (bullish) pattern in play here.

True that!. I've been trading slightly longer. Thousands of hours, dollars spent, charts analyzed, trades taken, mistakes made, and sleepless nights.

bump. I'm going to start looking at pennys from both a technical and fundamental perspective. Anyone on this thread still trading the otc and pink markets? Hows it going for you? Would anyone be interesting in teaming up with me to share ideas? Thanks kon

Look at KO. Will be buying net week hopefully.

Very nice test, and bounce off median line on fsys weekly. We had a nice pullback the next couple of days and I'm looking to get in if possible. I already have 5 positions on so I might pass, but keep it on your radar.

EJ looking good for possible long entry here off trend line, and fib support levels. The blue fork confirms an up trend.

I like JCG. I'll take 1% at the break of highs at 45.90 with a stop just below 44. If we break 44 , then I'm looking at 42 for support. Thoughts?

Someone once said "I'd rather die broke knowing that I tried, than never to have tried at all".

no i didnt catch it, but its ok I have enough positions on my plate for now. I'm holding wynn, and expect that to break out.

look at mlm

GMCR. The original fork had been broken long ago, but its warning lines still held true. Price is at the warning line as well as the upper fork line on the smaller fork...this is called an energy point, and things can get interesting at these areas.

My analysis show pice at resistance using some simple warning lines which are calculted from an equal distance from the median, and upper fork line of the black fork. I kept adding equal distance of 11.75pts till we got to resistance right on the warning line. GMCR's at an all time high, but I...