Classic Geometric Patterns and Narrow Range Setups

Quote from thinskis:

seemed like the place needed a post . . .

cows coming off an ID/NR4, ID/NR7 . . .
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Thanks thin', it sure did.

Your chart brings up a trading point that I have never felt comfortable with, that being when the opening occurs outside the pattern. If anything, I would enter when (if) the price moves back thru yesterday's low in this case. I have never developed a good feel for trading in the same direction as a gap.
 
MRK monthly chart.

Before you scoff and blow it off b/c of the time frame - check out the pattern, and the range so far this month. If you believe that the daily Bollis forecast expansion when they are tight, then a nice profit opportunity awaits.
 

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SMH finished in NR4....should be a nice, volatile day tomorrow

NR7's for AMZN, BRCM, RIMM, RMBS....etc etc

should be interesting day
 
Quote from inandlong:

If BRCM remains within today's range, it will be an NR4ID for Monday. Given the large upside gap several trading days ago, a break of today's low might prove interesting.
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This is the beauty of not having to place your bets ahead of time.
 

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MON, SPG, TGT, TXT, YELL

all have good daily vol for trading, all are at least NR4ID's.

There are many others of course, but these have "good" daily range / average daily range ratios. Good for me means today's daily range was <= 40% of the ADR20. I use ADR instead of ATR. The two are usually pretty close anyway.
 
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