StockFetcher Forums · General Discussion · DJIA - Head and Shoulder<< 1 2 >>Post Follow-up
ahcsim72
129 posts
msg #127785
Ignore ahcsim72
4/1/2016 12:49:51 AM

I don't know if I am reading the 5yr chart correctly, but is Dow Jones Industrial Average chart showing a clear "Head & Shoulder"? What do you guys think?

johnpaulca
10,365 posts
msg #127791
Ignore johnpaulca
4/1/2016 8:45:59 AM

ahcsim72
10 posts
msg #127785
- Ignore ahcsim72 4/1/2016 12:49:51 AM

I don't know if I am reading the 5yr chart correctly, but is Dow Jones Industrial Average chart showing a clear "Head & Shoulder"? What do you guys think?
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no....head should be higher than shoulders.

pthomas215
509 posts
msg #127815
Ignore pthomas215
4/3/2016 2:59:35 PM

Do either of you know whether head and shoulders means a breakout will definitely happen to set a new support or resistance?

four
3,465 posts
msg #127816
Ignore four
modified
4/3/2016 3:19:56 PM

Perhaps these articles (opinions) will help...

http://www.investopedia.com/university/charts/charts2.asp

https://www.incrediblecharts.com/technical/head_and_shoulders.php
This article includes a thought on a stop-loss placement.


pthomas215
509 posts
msg #127817
Ignore pthomas215
4/3/2016 5:30:40 PM

That is extremely helpful. Thank you, Four. What filter do you use to find head and shoulder/overbought stocks?

four
3,465 posts
msg #127820
Ignore four
modified
4/3/2016 6:32:01 PM

pthomas215

Glad the links are helpful.
I am aware of patterns like head and shoulders. I haven't really looked into head and shoulder opportunities.

My "lab" is located at: StockFetcher Forums Stock Picks and Trading Generic
http://www.stockfetcher.com/forums2/Stock-Picks/Generic/118830

Please visit... maybe there will be something you can use or modify for your style.

Note: I post entries (usually) and not systems (never posted a system). Exits are still a stumbling block, for me.
Remember, ideally, a system that includes position sizing, entry, exit... is needed.

You may consider reading something about bet size here
General Discussion Optimizing bets and bet size
http://www.stockfetcher.com/sfforums2/?mid=77913


four
3,465 posts
msg #127872
Ignore four
4/6/2016 11:30:28 PM

pthomas,

You might find this interesting:
http://www.stockfetcher.com/forums2/Filter-Exchange/PANGOLIN-Z-AND-PANGOLIN-W-FULL-SYSTEM-CODE/122431/0

pthomas215
509 posts
msg #127894
Ignore pthomas215
4/7/2016 7:40:45 PM

Four, you and Kevin are very bright. ha. What does the output of that coding give you? My apologies, I am relatively new to equity investing.

four
3,465 posts
msg #127908
Ignore four
modified
4/8/2016 11:37:13 PM

pthomas,

Kevin provides 10 distinct steps and details within the steps.

When you read through and analyze his presentation where do things get "muddy"?

Example
1. Define the market:
SP500 is selected for its liquidity and bid/ask spread characteristics.

I would look for key words (liquidity, bid, ask) and analyze the definitions.
Then go back and determine if the individual parts also make sense when recombined (synthesized). Another idea is to take a statement and turn it into a question.

Kevin says "select SP500 for liquidity" and I would change that into a question that needs an answer.
What would be the purpose to trade liquid stocks versus illiquid stocks?

Then identify what is still "muddy". Then it is easier to ask a specific question about the word or item.

Taking things apart and putting them back together with focused/deliberate practice and repetition is how we learn.

Perhaps take the user guide apart and put it back together :
http://www3.stockfetcher.com/download/sfuserguide2_0.pdf

four
3,465 posts
msg #127912
Ignore four
modified
4/9/2016 10:48:21 AM

pthomas, found a visual for you.

The chart link (below). See the chart on the left is a head and shoulders pattern (Bearish):
https://pbs.twimg.com/media/Cfd-GzMWQAA8911.jpg:large

Main: https://twitter.com/NicTrades
Post: AIM Buster ‏@AIM_Buster Apr 7, 2016

StockFetcher Forums · General Discussion · DJIA - Head and Shoulder<< 1 2 >>Post Follow-up

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