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 (861)	11/10/2005 9:32:07 AM
From: sean sanders	Respond to of 967

ya I'm not even going to touch DESC; be interesting to see what it does thou. Yesterday when I was watching the market; one of my stocks on my watch list just took off. BRCM; I was sitting here with most of my list in the red or barely green and BRCM just flys (had good earnings) - I was thinking about buying but I was like nah its already up 2.5% lol and it flys up I think 8% at its high.

To: Casaubon who wrote (861)	11/10/2005 9:52:15 AM
From: sean sanders	Read Replies (1) \| Respond to of 967

-off topic- The past 8 months I had been trading futures and some forex; futures well; the dow mini, snp mini; naz mini; gold and mini oil; even some bonds. forex is tough ie most of the patterns arnt straight forward and things move more erratic. I didnt do so well trading futures; I think part of it had to do with I didnt have a clear defined plan and I wasnt used to trading them. Also the charts on gold and oil are real erratic intra day and there are large price fluctuations so you could lose alot quick when in reality if you stayed in you would have made money. ie I shorted oil near the breakdown of the h&s but got scared out when it moved against me and I was down a bunch. I have been trying to develope a trading plan for trading futures and its been hard to come up with some solid rules. I mostly had been trading the mini dow and I think its alot harder to trade that then the mini snp. Reason is the candles are alot more erratic; ie alot more wicks. The snp moves with more certainty while the mini dow can move quick touch support and move just as quick back and reverse before you take your profit. maybe I'll switch to the snp and see how I do with that; because like I said in the above; alot of times when I traded the mini dow I would get in the move and get scarred out because of all the erratic candles (long wicks and quick reversals in the 2 min charts).