The ideas that I trade by:

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MightyOne
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Re: cones & pennants

Postby MightyOne » Fri Nov 28, 2014 11:26 am

kate682 wrote:
MightyOne wrote:Keep in mind I make all of this up; it is not real technical analysis until someone sells it in a book ;)

Kate's Chart:
Image


Thanks Mo, Jalarupa, Captain
Ha, so i've drawn my triangles completely wrong. Just cannot see how to draw them.
Have copied Jalarupa and simply superimposed that type over as per chart below, however,
on what basis should they be drawn?
And then i just trade space from rejected breakouts at those lines.
Surely it can't work?!

Anyway focus today is to try and find the triangle drawing rationale
Hugs Kate

Image


I hope that you have mastered the basics (space, placing/trailing stops, etc) before considering confluence :lol:

That said, I see nothing wrong with your last chart. :wink:

Here is the basic pattern:

http://kreslik.com/forums/viewtopic.php?p=78195#78195

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kate682
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Postby kate682 » Fri Nov 28, 2014 11:38 am

ah ha. I think i see it, you are running the cone/pennants across the congestion areas just below/above the breakouts?
Fingers crossed, kate xx

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Postby Braathen » Fri Nov 28, 2014 2:11 pm

MightyOne wrote:I only draw cones...
if I were actually going to trade a triangle with a buy-stop then I would draw a pennant.

Image


Awsome! Didnt think of it pointing back :D This rocks! hehe
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MightyOne
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Postby MightyOne » Fri Nov 28, 2014 7:11 pm

kate682 wrote:ah ha. I think i see it, you are running the cone/pennants across the congestion areas just below/above the breakouts?
Fingers crossed, kate xx

Image


You can use ANY angle that you see on the whole chart and you can move it forwards or backwards.

If you remember the basic pattern then you can find any triangle.

The rule of thumb is to search for breakouts first then copy and paste angles.

Image

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Jalarupa
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Postby Jalarupa » Fri Nov 28, 2014 7:36 pm

MightyOne wrote: You can use ANY angle that you see on the whole chart and you can move it forwards or backwards.

If you remember the basic pattern then you can find any triangle.

The rule of thumb is to search for breakouts first then copy and paste angles.

Image



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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sun Nov 30, 2014 8:51 pm

I am not liking the new forum design.

1. I miss the main page with the active posts on the left.

2. quotes no longer save space! :shock:

I can't take it [-X

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RicG
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Re: The ideas that I trade by:

Postby RicG » Sun Nov 30, 2014 8:54 pm

Agree completely with you MO.

Now, there's no home page with newest topics arranged chronologically, search function doesn't work properly, topic threads difficult to locate, etc This new format sucks!
Last edited by RicG on Sun Nov 30, 2014 10:32 pm, edited 2 times in total.
(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)

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Re: The ideas that I trade by:

Postby aliassmith » Sun Nov 30, 2014 9:24 pm

MightyOne wrote:I am not liking the new forum design.

1. I miss the main page with the active posts on the left.

2. quotes no longer save space! :shock:

I can't take it [-X


I dislike it also. I may not even continue my thread.

The end of an ERA is here :x :x :x :x

I just wish I had a copy of NLA
Trade Your Way as Long as It Makes Money!

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Captain Pugwash
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Re: The ideas that I trade by:

Postby Captain Pugwash » Sun Nov 30, 2014 10:02 pm

PLEASE get the left hand active threads back somehow

the strength of that column was that wherever a thread was started - it appeared there in chronological order.

I bet there is an easy fix :)

Thanks

edit - besides the quotes issue - you can no longer zoom in to view charts uploaded as an attachment - moi importante!

also i found it kind of cool to know who was on line - sort of added to a community spirit

Jeez - i don't want to labor the point,but look at Kate's chart at the top of this page - reading a postage stamp is easier
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

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kate682
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Re: The ideas that I trade by:

Postby kate682 » Sun Nov 30, 2014 11:09 pm

MightyOne wrote:I am not liking the new forum design.

1. I miss the main page with the active posts on the left.

2. quotes no longer save space! :shock:

I can't take it [-X


MO, I've just found if you click 'Quick Links' at the top of each page, it shows new posts, unread posts, unanswered posts etc. :-)
Kate
x
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