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Strategies & Market Trends : Chart Formations -- Ignore unavailable to you. Want to Upgrade?

To: Casaubon who wrote (832)	7/30/2005 8:00:48 PM
From: sean sanders	Read Replies (1) \| Respond to of 967

Another question for you: geocities.com/seans1_ta/tweezer.gif given the chart I have above; lets say I wanted to go short; whats a good place to go short at? is it gernally 1 tick below the previous lows to go short? obviously if we would have waited for a close below the low we would have missed the move. If we would have did a sell short stop 1 tick below the previous lows at #1 there then it could potentially wip saw us back up if it decided to do that. What's your opinion on entering trades near a trendline or some support? #2 after the large red candle day with volume where is the new resistance? is it at the 1/2 way point and is that our sell stop after the large red candle? ... let me rephrase that; lets say we just ended the big red candle and made a nice profit would you sell near the close of that big red candle just to take a profit? or would you put a buy stop 1/2 into the red candle and let it ride some more? #3 If you held onto it would you consider #3 a exit meaning the close of 3? is that a tweezer bottom you think and the next candle being a hanging man type but its close above the previous white candle so its showing a possiable reversal? also if you did sell at that hanging man/white bodied candle would you reverse and go long at this point also hoping for a strong reversal? back to the previous resistance or the h&s there?