DTLK - Again, looking back I think I have drawn my down channel incorrectly. It doesn't matter in the end (because I wasn't watching this stock at the time) but if I had drawn it correctly, I would have seen that FTT in time to act on it. At this point we are beyond that channel and at the LTL of the current channel. This makes me wary, as a signal tomorrow would simply be a volatility expansion of the current channel, and I don't have a frame of reference for where that could end.
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Spydertrader's Jack Hershey Equities Trading Journal III
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GIGM - GIGM to me, is beautiful. A signal (again, FRV + price improvment) tomorrow would confirm the point 3 and I'd feel comfortable riding this all the way back up to the LTL, or FTT, whichever comes first. The volume on this one really stands out.
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HWCC - I don't see too much here except an upwards channel with the price being right at the RTL with some decent volume. Looking back it seems to get a decent bounce off these conditions, so a signal would be promising. However, when I draw in the smaller traverse channel I notice that it has fully traversed to the RTL and therefore is NOT and FTT as I understand it. I'm not really sure what to expect after the bounce.
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MIKR - This one is tough for me. I have drawn two sets of channels - one where it is now, and one where I expect the final channel to occur. I'm guessing here, this is not something I feel certain about at all. However, I could see a few days of CCC to form a "natural"? point 3 before doing anything else. A signal tomorrow could also create a point 3.
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As for your additions spyder, one of them seems fairly clear to me, but the other two not as much.
TXRH - This is the one that looks good to me. If it has decent volume tomorrow and the price improves it will form a P3 on the big channel and an FTT in the traverse. Both seem to indicate upward movement.
TXRH - This is the one that looks good to me. If it has decent volume tomorrow and the price improves it will form a P3 on the big channel and an FTT in the traverse. Both seem to indicate upward movement.
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CRZO - Looks alot like TXRH, except I don't have an FTT forming in the traversing channel, because it's in a volatility expansion. Volume, however looks outstanding and it looks like it might be testing a recent P3. Is that what brought this to your attention? I feel much better about CRZO than ASCA, however.
Sorry for the number of this posts. Maybe someone can tell me how to post multiple charts with a post? I appreciate any and all comments on this as it will help me learn!
Thanks,
TNG
Sorry for the number of this posts. Maybe someone can tell me how to post multiple charts with a post? I appreciate any and all comments on this as it will help me learn!
Thanks,
TNG
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