Trade this Chart III

[maggandre]

Quote from inandlong:

Oh you savvy traders! This is a weekly chart too! These bars are some nice size. I now you all put on 5k shares if you trade at all, so imagine!

Now you have profits to protect, yet is there more to this move?

Trade this Chart!

I would be long above the last bar, for a move back to the MA.

 

[bobcathy1]

I second that opinion....those little doji signify change.

 

[trendy]

Ditto

 

[inandlong]

Sorry for the delay! A storm moved thru and knocked out the cable. I am now on dialup with a laptop and will post the next chart in a minute or three!

Again, I apologize.

 

[inandlong]

okay! It looks like you are long! But look at that candle, maaaaan! Can a guy/gal just get a clean move once in awhile. Btw, you made money again on that last trade! Nice job.

Trade the Chart!

 

[inandlong]

Here is the last chart! You all did a nice job. From your posted strategies, I suspect you would have reversed your long position to a short when the low was taken out of that last candle on the previous chart. And look what happened!

This is the ADBE weekly chart.

 

[inandlong]

Let's see, that looks like about 20+ points on your 5k shares over 6-7 weeks. Well of course you have to subtract commissions from that, that would be 1 round trip and I use Ameritrade so $22 total. Hmmm, maybe this "investing thing" ain't so bad. Of course, can you call it investing if you are short?

See you tomorrow everyone and good luck!

 

[TGregg]

Quote from inandlong:

Trade this Chart!

The yellow line is a 20 period sma. You are long from the green line. Protect your profits!

Trade this Chart!

Stop at the close of the previous white bar.

Sure be cool if we could have numbers on these.

 

[TGregg]

Quote from inandlong:

Prudent trader that you are........ you decided not to short after all unless the low of the bar 6 bars previous was taken out. Today, it did, and YOU ARE NOW SHORT!!!

Where is your stop loss? Where is your target?

Trade this Chart!

My target is a tick (or three, depends on the market) above the low on the bar where we went long initially. My stop is the open/close of that doji previous to the long position.

 

[Trend Fader]

Anyways I would wait for a 46.916% retracement of the range prior to CHD. Stop loss placed on 3% increment channels on a 2X6 matrix log. Finally, exit when there is a dry up on a 3 point p,v convergence. Its only for beginners and advanced level use the iceberg and macd 3 point convergence.



-- MIKE