Classic Geometric Patterns and Narrow Range Setups

For those that got anything positive out of my range contraction and early entry webinar sponsored by CyberTrader late last year(and those that missed it as well of course) I am having another class on the Thursday the 23rd of this month at 4:30 pm Eastern. This one is called "Setting Price Targets and Stops"


I will briefly touch on some of those same elements, but will talk primarily talk about setting tight stops and multiple price targets that come after a good narrow range entry. Like last time, it is free and I will only talk about the topic at hand . I will offer a system for getting out of your position. The system lends itself very well to adjustment based on your own % of winners to losers and risk rewards scenarios.

Here is the link..

http://www.cybertrader.com/education/events/eventdetails.aspx?EventID=176&lid=eventid176

or go to the top of page here:
http://www.thestockstalker.com/

I will be once again be going over the coin flip analogy as it relates to range contraction for those that have been emailing me asking for me to explain it again.

Good Trading,
OZ
 
GM again.... daily chart. Multi-day consolidation with decreasing volume. Piddly volume today so far.... but we still have the pm session to go. At this rate GM would be flashing a Hershey Dry-UP volume day. I cannot say whether DUV is a valuable tool when out of context re: Hershey equity trades.... however suffice it to say that today's volume is pretty darn low.

Trendline support? MA support? Fundamental support?

Stock went x-div yesterday for .25 and that has been recouped in share price already. Be sure to check the next longer and shorter time frames for significant s/r landmarks.
 

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Many missed my last class on range contraction or wanted an archive of it. Last night I made 8 videos on the topic. Here they are. Camtasia software rocks!!!!

http://www.thestockstalker.com/id31.html

I am giving a free CyberTrader Webinar tomprrow on "Setting stops and price targets". The class assumes you got the early entry so it would be good to watch the videos first. Click on link at top of linked page below for registration.

http://www.thestockstalker.com

Good Trading,
Oz
 
I rarely short stocks making all time highs but here is a video of a trade I put on Friday based on the NRB's from the two days before and other confluent factors.

Go to bottom link on "When to be a Hero or Top Gun Short ". Otehr real pics are there too but they the shorts were less narrow range based this time.

http://www.thestockstalker.com/id34.html

These are from the very concepts discussed in the CyberTrader webinar.

OZ
 
Check out this video I made of the GNBT trade Thursday (created in real-time). It shows the time frame confluence, I-NR7, trade entry (add) and subsequent launch of this perfectly contracted specimen while it is still going sideways. All in a 13 minute video. It is the link at the top of the page.

http://www.thestockstalker.com/

Right where it says "This Just In"

The level of explanations and proof of concept goes lights years beyond idle thread banter and may be useful to someone with an open mind.
 

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Two hours later and a finer time scale tell me a different story:

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1102491>
Quote from inandlong:

Nice consolidation pattern on this QCOM daily candlestick chart.
More...
 

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I just turned on Bruce Springsteen...goin' down..down...down...down....down....

down...down..down...down...down....down....down...down.. down...down...down....down....down...down..down...down... down....down....down...down..down...down...down....down.... down...down..down...down...down....down....down...down.. down...down...down....down....down...down..down...down... down....down....down...down..down...down...down....down.... down...down..down...down...down....down....down...down.. down...down...down....down....down...down..down...down.. .down....down....down...
 
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