Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Chart Formations -- Ignore unavailable to you. Want to Upgrade?

To: Casaubon who wrote (830)	7/30/2005 1:42:30 PM
From: sean sanders	Read Replies (1) \| Respond to of 967

Thanks for the heads up on the 3 soldier formation I've had some time to intra-day trade so determining when to sell once the stop gets violated has got me in a quandry :) You mention you have to know if a breakdown of the price has actually occurred. Thats the tough part. So in my chart example on the test day; when it formed another doji hammer. during that hammer at its lowest it would of looked like a down candle (although I looked at the chart and the volume was lighter then the previous candle). But even with the volume that it has what if it kept going down farther then it did; when do you throw in the towel? How long do you hold on? I thought about selling options on the YM futures but really havnt figured out if its worth it yet (ie I still havnt gotten a hold of trading the YM intra-day yet). oh one more then when you talk about the stop being the real candlestick in play ie the bottom of the hammer; do you mean below the body of the hammer? or below the low ie the tail? thanks