Chart Pattern Recognition ans StrategiesChart Pattern Recognition ans Strategiesthis blog is about designing a trading system succesfully using technical analysis Articles
CAT
2008-03-25 16:00:00 Several stocks highlighted by our scan but only CAT is catching my eye as a potential buy.CATclick on chart for bigger size.
22/03 scan
2008-03-22 09:47:00 We have not post for almost a year now. As a foreign investor, there was no point fighting the dollar weakness and we naturally focussed to other markets. I feel like the time may be right now to look for opportunities in the US as many stocks will try to move out of bottoming patterns which is precisely the kind of environment in which our scan works best.Our weekend scans did not find many stocks of interest at this juncture, yet WMT is worthy of a post along with other less interesting picks.CAIDCLSMAWMT More About: Scan
Shorting the DOW
2007-08-31 14:46:00 I'll be going short as the DOW is likely to open right at 62% retracement (at 13,448). I think the risk/reward ration is very and the stop is above 13,500 on strength. More About: The D
CAC closes at 5592....am flat
2007-08-30 18:08:00 As per my previous post I just deleted by mistake, I went long the CAC40 before the GDP numbers at 5535, it played out nicely. More About: Flat
Trading futures...
2007-08-29 13:45:00 This kind of market is very technical and ideal to trade futures rather than a basket of stocks. I do not own any individual stock right now and have been playing with turbos on the CAC40. This has worked well for me and I have therefore not run our scans in a month.It is very obvious that every indices are very closely following the DOW resistance and support levels. This is the index I have been watching for market turns. On a 60 min chart, the DOW has been rejected at the test of resistance which is where I was waiting.I'm slightly short after I have cut my position with a hefty profit this morning and I will enter short again if the DOW opens strong in the 13100 area whcih will act as resistance. I think there is more downside coming at least for today and there is plenty of money to be made short.Watch for the financials to outperform before committing long.Good trading More About: Trading , Futures
back from honeymoon...
2007-08-11 05:41:00 Been silent lately, got married and left for honeymoon.In the meantime, the market has been on a roller coaster. I have not run our scan over the past 2 weeks and I shall resume this weekend. Our tool will keep us automatically out of a down market as there won't be many breakout patterns.In the past 2 weeks, I have been playing European indices, I may post on that in the future.As for my previous post not to short the financials, I was wrong and I did actually short them a few days after blogging. I'm 80% cash now, 20% being gold. More About: Back , Honeymoon
NVT +20%
2007-07-23 15:52:00 We posted this one first time last Tuesday and a second time on Friday. Up another 20% today at the open, sweet....
breakout charts for an up day..
2007-07-23 11:26:00 Several charts for you to consider if today is green. Watch for resistance levels and only buy on breakout.ACCLCHRCLCPEEEFTPBIPRSCRDWR More About: Charts , Chart , Brea , Char
IBM, NVT, SYNP
2007-07-20 11:48:00 No new charts today, I'm unfortunately busy but I shall post the scan results for next week over the weekend. In the meantime, 2 charts we posted this week which have moved favorably and SYNP which I think could breakout today.
Financials are not to short...
2007-07-18 17:57:00 Looking at the financial ETF and listening to all the noise on subprime, it is easy to conclude XLF is on the verge of a collapse. Indeed, the long term trend is threatened and it seems like 38 marks a double top.Then I look at the option distribution and....WOW....the market is bearish on financials. As discussed about the QQQQ a few weeks ago, you got to be a contrarian here because there is no way those puts at 35$/36$ will expire in the money. XLF has a strong floor at 36$, you may want to sell puts at 35$/36$ strike but better not go short XLF just yet. More About: Short , Finan , Fina
17-07-2007 scan
2007-07-18 11:56:00 Seems like we are good for a down day. GOLD is up 3$ at the time of posting so that I should nicely sail through the storm but with Bernanke speaking today, I'm on my guard.Several charts from our scan and a few breakouts of our previous picks.AEPIENTGGKSRKLACOIIMSNDKSYNP More About: Scan
busy times...
2007-07-17 11:38:00 I'm very busy with work and we are also upgrading our software, therefore updates are going to be scarce in the coming weeks, sorry for that.Click on chart for bigger size.BCRBKKONVTSWH More About: Times , Busy
weekend charts
2007-07-09 11:04:00 BAXIBMKFRCKLACMDZMUSNDKRSH More About: Weekend , Charts , Chart , Char
only gold stocks
2007-07-06 08:17:00 I will run the scan later today. At last run 2 days ago, I was not able to find a chart I would perhaps buy. My focus since the beginning of the week has been entirely on gold stocks and despite a down day in precious metals yesterday, stocks have done well. Amongst them, some I own and have advertised here.AEMBWLRFCDEGGGSSSLW More About: Stocks , Gold
quick update - 2 breakouts
2007-07-05 09:37:00 2 of our latest posts have done rather well. More About: Update , Quick , Brea
Short selection of gold stocks
2007-07-03 13:14:00 My post on gold before the open was very timely. I have browsed the 100 gold charts I follow and I suggest a few for you to consider of you want to buy in. Not sure I'll have the time to post the scan results later.AEMGGLRRSLW More About: Stocks , Gold , Short , Select , Sele
weekend scan
2007-07-02 11:15:00 I ran the scan for the first time this weekend after one week break and for the least, I was not very impressed with the results. Only a few charts are worthy to follow, nice setups are rare.DCEL which I posted here a month as being the perfect breakout chart has been bought over last Friday. I'll get 13$ from a buying price of 9.77$...Too bad I wanted to hold onto that one. So I'll be looking at the charts below and particularly ENTG and SYNP.I also think GOLD is very interesting right now as it looks to bounce off the very important 65 weeks moving average. According to the latest COT report which you can find here http://news.goldseek.com/COT/1183145580.p hp, the commercial traders are short 83584 contracts. This low level has reliably been associated with bottoms in the price of gold. I'm a buyer at this level.ENTGOIIMPWAVSYNP More About: Weekend , Scan
SNDK - VTNC
2007-06-22 09:02:00 I won't post much in the coming weeks as I'm in the middle of major personal changes.Amongst the 4 charts posted on Monday, we recommended two and they did well.SNDKVTNC
Monday charts
2007-06-18 13:18:00 ORCLSCMRSNDKVTNC More About: Charts , Monday , Chart , Onda , Char
Charts of interest
2007-06-13 17:54:00 ENTGSYNPVTNC More About: Charts , Interest , Chart , Char , Eres
KIM is bearish
2007-06-13 16:58:00 One very bearish stock is KIM, see for yourself daily and weekly charts below.[CLICK ON CHART]As for the market, I don't buy the move down and to convince me, I only got to look at the QQQQ options distribution. I have learned from bad experience never to play against it.Open interest for June expirationNumber of put contracts exceeds call contracts up to 47$ with a strong floor at 44$. These contracts will provide support up to expiration this week. I do expect the QQQQ to close the week at 47$ or better but certainly not below 46$Open interest for July expirationJuly option distribution is even more bullish as the floor is set at 45$. It is very unlikely the QQQQ will move below this level in july. More About: Bearish , Bear
Struggling to find charts
2007-06-12 11:31:00 I have been having a tough time to find charts relevant to post and without a good buy, I rather stay on the sideline for the moment. The charts below are really for I got to make a post today. Maybe I'll have something more interesting after we run our scan again later today.CheersACADDOVGEMGRC More About: Find , Charts , Chart , Char
Wednesday, June 06 scan
2007-06-07 17:26:00 No notable pattern breakout yesterday, not surprising on a down day as yesterday.Here are a few breakdowns. More About: June , Scan , Wednesday
2 charts only
2007-06-06 18:29:00 Not much time, only those two for today More About: Charts , Chart , Char
weekend post
2007-06-04 10:32:00 We have had a few new breakouts last week but there are not many I feel like posting here. Below weekend scan.[CLICK ON PIC]FLWSPRSTBCDOVGETGLWKWKMAILMINDAMP More About: Post , Weekend
charts follow-up
2007-05-31 11:13:00 Follow-up on some charts recently posted here.EPGOOGMIVAPDEPXP More About: Charts , Chart , Char
breakingpointtrades review
More articles from this author:2007-05-29 05:03:00 Interesting read, hope they don't mind me posting the link. You can subscribe to their free newsletter.http://www.breakpointtrades.co m/controls/preview.php?nl_id=140 More About: Review , Point , Breaking , Brea , Breakin 1, 2, 3 |
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