Your favorite setups and signals
- Thread starter frnw
- Start date
Damned if there isn'tARHS. There’s the “Watermark” on the chart
And I was about to say something clever like make sure you see what the chart is telling you, not what you want to see.
Damned if there isn't
And I was about to say something clever like make sure you see what the chart is telling you, not what you want to see.
Funny but clever, still ! Trying my best to read these charts !
Currently it looks all good to me.
Screened through different charts,
This one really stood out for me.
But with the overall uncertainty,
I wouldn’t be surprised if it breaks !
Risk isn’t on until …
It’s turned ON
Thanks !
I'm seeing the same thing you are but when I switch to weekly charts it doesn't look quite as good.
Trying my best to read these charts !
Currently it looks all good to me.
Screened through different charts,
This one really stood out for me.
But with the overall uncertainty,
I wouldn’t be surprised if it breaks !
Risk isn’t on until …
It’s turned ON
Thanks !
That last candle closes ?
That’s what bothering me.
Looks like it is heading south.
Let’s see.
Usually I don’t want High Tight Flags to break down on the higher timeframe …
Monday will tell the story. I'd take a partial position if the stock and the market opened positive.
Say 8.50 area with a stop at 8ish.
Perfect High Tight Flag
Bby
Just want to anticipate the breakout,
Buy that Fckin Double bottom,
Stop @ 8$
Could be a 20 to 1 Reward to Risk !!!
That's what a Fcking edge is.
Especially if markets cooperate.
By the way ...
In the grand scheme of things,
This is a fckin Handle from a Cup !
Next target could easily be 15$ as per chart.
View attachment 295368
Where is your entry into the position?
Will enter with your full size in this symbol or will adding more size if looks good and the stock market environment is cooperative?
Your target is 15$ good but will keep part of your size or will sell all of it?
Didn't enter the stock.
Full size but adding more on the way up.
I let the market tell me when to get out with stop losses.
Or maybe if there is an obvious climax run then I'll sell into strength.
Bought some other stuff today,
Might buy ARHS @ 8.5 with a sell top @ 8$
Bought ASC TK ADN CEG
Hold ANIX BOWL AMPS
Sold AMLX TRMD (Shaken out, Stops too tight)
In this kind of market it's better to leverage less,
Set stops @ levels (Lows) and not trying to squeeze in between.
Qullamaggie for example set stops at Low of Day,
It squeeze the reward to risk ratio but the market is tough.
I risk very little in bear markets,
50bp risk vs 100bp risk in bull markets.
As soon as the stock makes a higher low,
Then I add some on the pullback,
+ I Level up my stop.
If the stock makes a lower low,
Then I'm out. Stopped out.
Ideally it's better to wait for the indexes to close higher.
Be defensive when they make lower low on a day to day basis.
Looks like the indexes might close bullish short term.
So it's worth buying stuff showing strength.
When indexes close above previous high.
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Good luck;
I looked at it, but didn't like the way the market is trending.
I'm practicing patience!