Simple, each line is worth 10%
Showing you the first one that says the market is in an up trend, the others are private.
Trading the Cup & Handle Pattern
- Thread starter almx
- Start date
Simple, each line is worth 10%
Showing you the first one that says the market is in an up trend, the others are private.
Simple, each line is worth 10%
Showing you the first one that says the market is in an up trend, the others are private.
Lol like we couldn't guess the other 9
Thanks.
I thought you might have a ranking system that wasn't binary.
Something where you assigned a number between one and ten for each condition that might aid in choosing one stock over another when you have several at 90% and not enough capital to take a full position in all of them.
It's an idea but maybe a bit too much...
The issue that you describe is exactly what I face right now, but instead of looking for the one that is the most perfect, I prefer looking at its character like recent volatility or if the stock has a tendency to just make bumps with deep retracements and also look at the fundamentals, etc, just trying to have an educated opinion like, you know, I like this one, that one a bit less, you get the idea.
You might consider giving more wieght to those conditions rather than having a binary system.
Instead of is it in an uptrend, yes or no, you look at the slope of the uptrend and give it a value based on your opinion of how the stock is moving. Mabe based in the distance from a moving average or how symmetrical the stacked ma's are.
The answers are simple, no, no and no.
Hmmmm, was wondering because wxytrader thinks they're based on crystal balls.
@wxytrader ^^^
Chewy, Inc. (CHWY) - Retail - Internet (Open)
Operates as an online retailer of pet food and other pet-related products and services. It supplies pet medications, food, treats and other pet-health products and services for dogs, cats, fish, birds, small pets, horses, and reptiles.
Trade Checklist Score - Timing, fundamentals and pattern quality.
The stock scores 90% which is OK for a long trade tentative.
One negative is that I came a bit late and entered beyond my ideal entry point which is just above breakout level so I increased my Stop Loss to 7.5% risk but I will be closely following it and eventually close earlier if the action is weak and if there is no follow through.
Trade Parameters.
Direction: Long
Breakout Level: 27.27,,,,,, Breakout date: Aug 28, 2024
Entry Level: 29.16,,,,,,,,,,,,,, Entry Date: Aug 28, 2024
Stop Loss: 26.95 (7.6%),,,, Profit Target: 44 (50%)
Operates as an online retailer of pet food and other pet-related products and services. It supplies pet medications, food, treats and other pet-health products and services for dogs, cats, fish, birds, small pets, horses, and reptiles.
Trade Checklist Score - Timing, fundamentals and pattern quality.
The stock scores 90% which is OK for a long trade tentative.
One negative is that I came a bit late and entered beyond my ideal entry point which is just above breakout level so I increased my Stop Loss to 7.5% risk but I will be closely following it and eventually close earlier if the action is weak and if there is no follow through.
Trade Parameters.
Direction: Long
Breakout Level: 27.27,,,,,, Breakout date: Aug 28, 2024
Entry Level: 29.16,,,,,,,,,,,,,, Entry Date: Aug 28, 2024
Stop Loss: 26.95 (7.6%),,,, Profit Target: 44 (50%)
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