" Brian Dean's clone reversal " when u get 2 candles similar in price action side by side like this on BCON , often times it is a big warning of a reversal about to take place, so in most cases i will collect profit when I see this action, the psychology of it is like being on a treadmill burning up energy and going nowhere here are a couple chart examples of it enjoy and good luck with all your trading.
http://i36.photobucket.com/albums/e36/lookitsboost/ChartofBCON-clone.gif
http://i36.photobucket.com/albums/e36/lookitsboost/ChartofEK-clone.gif
Thursday, August 13, 2009
Monday, August 10, 2009
Problems with ETF's
Nowadays trading the SPX using SSO and SDS is becoming nearly impossible on a daily time frame with so many people trading them , the gap ups and gap downs are brutal to short term swingers , even if u have a killer strategy for playing the index u will often find your self paying more then u should due to the ETF gaping up, and selling for less then u should from the ETF gaping down , the only real way around it , is to scalp them, by playing intra day moves, or to expand and capture moves on a weekly or such, so I will continue to scalp SSO and SDS, but for my short term swings I will stick to playing individual stocks ; )
Monday, August 3, 2009
The power of the flag setup
Here is an example of RAD breaking 2 bull flags
http://i36.photobucket.com/albums/e36/lookitsboost/ChartofRADflag.gif
http://i36.photobucket.com/albums/e36/lookitsboost/ChartofRADflag.gif
Sunday, July 26, 2009
Possible Swing Setups
KKD breaking a recent downtrend and w formation breaking 2.85 resistance may get it started
Friday, June 26, 2009
Ted Warren Setups
A great old master trader Ted Warren developed some methods that still work very well to this day , SCON is a great example having a nice quiet base with low volume accumulation before a nice rise up in price.
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