Triangle, base, flag

Very interesting... if you have time (or interest) you should check out my journal. Apparently I take the exact same type of setups as you and use the same moving averages except with a different time length. Good to know that once I feel comfortble position trading my style I can easily move it to intraday.

Any parameters about R:W and where to enter/exit, when you bank half of your shares, or whether you add to your position, etc. that you are willing to share?

Just wondering...

A lot of your setups look like the jump base explosion setups in techniques of tape reading...
 
For exit, I use combination of resistance areas, like: equal move, number, previous high/low or moving average. For me, very important is "whole picture" and that mean look on all time frame charts. On my screen, I have 5/15/60/daily/weekly and monthly chart. Therefore, if I see enough room for good r/r trade and if I like consolidation i will take that trade. Hard to explain in few words but that is my focus. I don't trade with partials any more. But I add my swing position on intraday setups (15/30/60 min setup). Again all depend on "whole picture", pace and relative strength or weakness. I compare my open positions with market action and then i decide for future steps.

Hope that make sense. I will take a look on your journal, always good to see interesting charts.:)


Quote from kidPWRtrader:

Very interesting... if you have time (or interest) you should check out my journal. Apparently I take the exact same type of setups as you and use the same moving averages except with a different time length. Good to know that once I feel comfortble position trading my style I can easily move it to intraday.

Any parameters about R:W and where to enter/exit, when you bank half of your shares, or whether you add to your position, etc. that you are willing to share?

Just wondering...

A lot of your setups look like the jump base explosion setups in techniques of tape reading...
More...
 
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