Classic Geometric Patterns and Narrow Range Setups

[traderkay]

well as u wish, i made my suggestoin

 

[inandlong]

My bad. In my haste to watch the rest of the game I forgot to post the update of FST.

A case can be made that using the extremes instead of as i drew it, a rising wedge would have been drawn. This would signal a reversal. either way, the lower leg has been taken out on 2x volume than the consolidation days. Not big stuff, and tuff to call. The pull back days have been appropriately lower, as a clue to the validity of the break down.

 

[T-REX]

It would appear that FST is begining to form a another 2BC to the downside from this morning. GREAT .20+ cent move this morning if you were short!

 

[T-REX]

Quote from inandlong:

At some point it is important to look at the chart on your own, and follow it. Geometric patterns are very basic TA that everyone should know before they place their first trade. I have posted the criteria for pattern breaks already....dude.






Your TA reminds me alot of another guy who's charts I like...

Hmm.....what was his name?

Oh I know "Jim Wyckoff". He does alot of futures trading stuff.

GREAT WORK inandlong! I love your work.

Do you use Quote.com's "Qcharts"?

 

[inandlong]

Quote from T-REX:
Do you use Quote.com's "Qcharts"? [/B]

Lol, yes. Definitely not the package for the habitual scalper, but it does the job, has excellent charts, and is so darn easy to use. I've been seeing enough complaints recently about Realtick and E-signal to know QCharts isn't so bad.

 

[T-REX]

Quote from inandlong:

Lol, yes. Definitely not the package for the habitual scalper, but it does the job, has excellent charts, and is so darn easy to use. I've been seeing enough complaints recently about Realtick and E-signal to know QCharts isn't so bad.

HAHAHAHAH!!

You actually made me laugh out loud!

Hey though. what's up with E-signal. I thought that they were the best in the business?

 

[inandlong]

I know they always win the award for data reliabilty so the bottom line must be just as you say. It just 'seems' like the front page of ET carries an "Esignal is down" thread often enough for me to stay with Q.

 

[T-REX]

Quote from inandlong:

I know they always win the award for data reliabilty so the bottom line must be just as you say. It just 'seems' like the front page of ET carries an "Esignal is down" thread often enough for me to stay with Q.

Oh, by the way have you check your "FST" lately?

After the opening bell you had a 2BC setup to short.
At 1:35pm EST you had another 2BC setup RVSL long.
At 2:55pm EST you had another 2BC setup short again.


WHEW!:eek:

What a day!

 

[inandlong]

Clear as mud to me....

 

[Walther]

Quote from inandlong:

Clear as mud to me....

You have missed it, right now there is no geometric setup . E mail me your email address and I will send you a chart later in a day to show you how to do it better.
Walter