Question for TA Experts

[jack hershey]

Quote from Breakeven:

Perhaps I was being too subtle.

Your logic quoted in my previous post is incorrect.

I can only deduce two possible reasons for your failings. You do not fully understand the concepts that have been explained to you by a third party. You (un)intentionally state erroneous "facts".

I have, as a rule, found your posts enjoyable to read over the years. The quality (and quantity) did endure a bit of a slump (perhaps due to your recent infirmities) for a time. I do not subscribe to the fancy that you are multiple persons, your eccentricity can more than account for the variation.

This is me attempting to help you.

Your recent barrage of posts contain "inconsistencies" shall we say. This is neither true of you nor your understanding of the market.

I am putting myself where you are.

It is lucky for me (and you) that your recent activity was not my first exposure to these ideas. The self selection would have taken a different path.

With thought on your part this recent trend can reach its inevitable end and begin a new path back to stable footing for you and those new persons who have a chance to see.

As you say, I don't cut it.

thanks for correcting the stuff so others aren't led astray.

 

[MTRIG]

Keep it simple, draw your resistance line and place a buy stop over the line and get filled. Put your stop at a level of support that makes sense. Once you are fill move your stop up to a point under the break out, or the low of the day. This is how I trade flags.

I have used PatternExplorer for AmiBroker and it is a great way to find flags setups.

http://blog.mtrig.com/post/Part-I-Scanning-for-Chart-Patterns-for-Swing-Trades.aspx

 

[murray t turtle]

Quote from Daring:

Here's a dilemma I got, bull flag vs double top.

I can spot the bull flag, but I can also see the last bar rejection hinting lower high for a potential double top.

Is it possible to tell now what it is or do we need to wait, therefore, missing a big part of the move as we wait ?

How do you proceed in this scenario, wait or take a position ?

There are a lot of TA supporters in ET, this would be a good time to help a TA supporter.

Your advice is appreciated.

Thanks.

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DareToTrendTrade;-HI;

Trend trader, good question;
1st]Plenty of money has been made on low probabilities, so there is more than 1 RIGHT WAY to trend trade.
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If that a big bank, like BAC, C sector i have a bearish bias;
so there are many factors. If its gold I am bullish. But having looked @ SPY a 10 year CANDLE...


Since its SPY related, I am somewhat bullish, for sure its a bullish bias season,4th quarter. BUT frankly SPY IS HI/HIGH priced , so even if WE ARE right, profitable;frankly i would look for a better trender to trend trade.QQQ trends better/bigger in etfs if you dont mind the bigger roller coaster[UP & down]
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Actualliy i prefer HI percentage trends as opposed to HIGH priced TRENDS.ItSPY,QQQ,DIA is probaly going higher before Christmas.Merry Christmas/hannukah