SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Stock Attack II - A Complete Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: DayTraderKidd who wrote (36981)6/12/2002 11:20:43 AM
From: John Madarasz   of 52237
 
i'll try, but i'll need to get back to you later this evening.
on your second triangle formation, anchor the lower trendline from the Feb lows... you still get a sym tri with 4 reversals, only it's max measurement is 1300 or so, not 1158.

one important lesson that i learned from an excellent technical trader, is that it not always best to try to draw or force patterns into charts if they are not there...better to just try and define the trend with parrallel lines if necessary... and use shorter term charts to find smaller patterns within the trend at lesser term support and resistance.

Ideally as a technical trader you want to indentify solid patterns and formations, bullish and bearish, and draw then at identifiable supports and resistances respectively, or define them in their respective trends to find measurable targets

ie. you should not be drawing bearish formations at huge supports, you should be looking for them at huge resistance areas. same goes for bullish patterns, only opposite. Look for bulliush patterns from consolidation at support, or just look for bounces at support if shorter term etc.

not saying you're doing all this stuff....just some random thoughts i've picked up from some very good traders
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News