StockFetcher Forums · General Discussion · STOCK SELECTION ( FILTERING ) VS. STOCK TRADING.<< 1 2 3 4 5 >>Post Follow-up
betyerbottomdollar
169 posts
msg #57854
Ignore betyerbottomdollar
12/9/2007 5:51:54 PM

Channels and support and resistance and all those other lines are great. The main problem, however, is that you really don't know they are forming until the price has moved away and the line can be drawn. For example: You couldn't have predicted the first buy signal until the price started moving north and the trend line could be drawn. Sometimes you can get lucky and a channel will long and predictable or a triangle will form. Usually the triangles can only be discerned near the end, but they often result in a good move after the price moves beyond the pattern.

Of course, I doubt you two need a lesson on intro to tech anal, but this is how I would have traded AAPL.

aapl

betyerbottomdollar
169 posts
msg #57855
Ignore betyerbottomdollar
12/9/2007 5:55:19 PM

"People with Messianic Complexes tend to see themselves as saviours to a specific group of people or a specific field, making claims of their own glory, or claiming a self awareness of their own gift and how that gift can affect a group of people or a field of life."

*snicker*

C'mon now fellahs! This isn't a Yahoo! message board!

luc1grunt
622 posts
msg #57856
Ignore luc1grunt
12/9/2007 6:42:40 PM

Holy Crap...and to think I traded it many times that day and in a different way.

And here I thought I had the only method that works.!!!

And I didn't even condescend that my method was better, LOL.

Of course I don't see one squiggly line on the posted charts OR my charts.

Too funny.

Explain what you have been asked to explain, simple really.

dbyrt
70 posts
msg #57857
Ignore dbyrt
12/9/2007 7:18:06 PM

BBD,

Sorry to be a pain, but in a genuine desire to understand, I see the same problem with your analysis of AAPL. I don`t think you could have drawn those lines during the day as it progressed, but only in hindsight. Moving my hand across the chart to reveal the candles, there are any number of triangles I can draw, that don`t go anywhere.



betyerbottomdollar
169 posts
msg #57859
Ignore betyerbottomdollar
12/9/2007 7:28:26 PM

Hardly a pain at all, Dilbert.

The best I can explain is that the lines follow the top close of the highs and the bottom close of the lows (with a couple of obvious exceptions). The kicker is that my lines touch three or more of the candles. It takes a careful eye to be on the lookout for such trends (and to be honest, I don't know that I would have caught the first trade in real time). I have posted a few swing trade setups based on triangles forming...namely FSTR and ININ, both of which popped nicely. Take a look at BCSI and tell me if you can see the triangle that has formed.

And that BBand is pretty squiggly.

luc1grunt
622 posts
msg #57860
Ignore luc1grunt
12/9/2007 7:43:12 PM

Damn BBD...you post a chart with a squiggly line? Ohhhhh hell.

dbyrt
70 posts
msg #57861
Ignore dbyrt
12/9/2007 7:58:30 PM

nah, don`t get it I`m afraid BBD.

BB is broken to the up, just at the time you say buy, but the next time it happens you say sell!

Further on, the BB is broken and you say sell, and it `s just when a really good up trend has been established.

I certainly wouldn`t have followed this approach. I guess there you have it, its not what you trade, but how you trade. Where have we heard that before?



TheRumpledOne
6,358 posts
msg #57862
Ignore TheRumpledOne
12/9/2007 8:22:47 PM

curmudgeon

http://en.wikipedia.org/wiki/Messianic_complex

That's way too funny!




TheRumpledOne
6,358 posts
msg #57863
Ignore TheRumpledOne
12/9/2007 8:23:45 PM

luc1grunt

Damn BBD...you post a chart with a squiggly line? Ohhhhh hell.

=================================================

Hey why don't you just shoot me an email so we can spare the others?



luc1grunt
622 posts
msg #57865
Ignore luc1grunt
12/9/2007 9:44:49 PM

Just "jabbing" Avery. You know I am in your debt.

StockFetcher Forums · General Discussion · STOCK SELECTION ( FILTERING ) VS. STOCK TRADING.<< 1 2 3 4 5 >>Post Follow-up

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