Triangle, base, flag

 
Good day!

In days when market daily chart don’t give us much of low risk opportunities, important is to be very patient and selective. Also this is time when overtrading trap is everywhere and every successful trader know how to avoid them. It is hardest time for swing traders, because we don’t see much of continuations and because of that it is very important to compare stock charts and market charts. On that way you will find “own way” charts. No matters of market direction they have own way. I’m most happy when I find that kind of stock. Here are few examples what we had last days:

http://www.ivicacharts.com/diagrams...03262007fcx.jpg
http://www.ivicacharts.com/diagrams...03282007hsp.jpg
http://www.ivicacharts.com/diagrams...03262007kwd.jpg (this one was closed yesterday)

Take a look them now and you will see that all have “own way” and that is prove that swing traders always have chance, but sometime is harder to find them.

In the mean time day traders can find more intraday opportunities, but we all know that is different type of trading and isn’t for everyone.

http://www.ivicacharts.com/diagrams...04032007vlo.jpg
http://www.ivicacharts.com/diagrams...4032007vlo5.jpg

http://www.ivicacharts.com/diagrams...04032007cbi.jpg
http://www.ivicacharts.com/diagrams...4032007cbi5.jpg

Here are two examples from yesterday. First chart is setup chart and second chart is exit chart. You can see that style is same, but time frame it isn’t. Best is that this style what I use is good for every type of trader: scalp, day, swing or position trader. All is same, just different time frame. However, all of them must know basic knowledge about market, pace, risk management, recognizing risk etc. It isn’t hard if you look all that with logic.

Few ideas for today
Long:
http://www.ivicacharts.com/diagrams/2007/04042007thqi.jpg http://www.ivicacharts.com/diagrams/2007/04042007ifs.jpg

Wish you all nice Holidays and good trading

Regards
Ivica
 
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