Technical Analysis Automation

[TrendSpider_Jake]

This chart of FB shows a piercing pattern setting up. The last time this occurred, there was a continued move up. A simple backtest with the automatic candlestick recognition.

 

[tommcginnis]

"And how does that help me make money?"

 

[TrendSpider_Jake]

We don't help people make money. TrendSpider is a charting platform that automates many of the manual processes of technical analysis to make charting more efficient and consistent as well as allows users to customize their automated settings.

 

[qlai]

And how does that help me make money?

TA is mostly a self-fullfilling prophecy, imo. So I want to see what others see and either join or fade. I see you can set up chart alerts, which is nice feature.

We don't help people make money.

Take it back

 

[Jack1960]

We don't help people make money.

You need some help with messaging. PM me if you like.

 

[LanceJ]

Probably better to take a long position closer to the bottom boundary of the channel. Place the stop below the lower boundary.
Is it more likely to make profit in a short position there? Closer to the stop, which would be above the upper boundary, which is also the stronger of the two trend lines. More space inside & below the channel for profit taking.
Watch volume to confirm break-outs