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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: sixty2nds who wrote (8566)	3/24/2006 4:16:41 PM
From: eaglains	Read Replies (2) \| Respond to of 13449

One of the main reasons for me coming here was not only to learn the system, but to develop discipline. i've ALWAYS put my stops on as per Sensei as soon as my buys executed. i've won 8 of 11 trades, however i got scared out prematurely on Epex, TALX and ITRI {earnings run fears} and then ISSX, due to a fundamental factor killed 2 months of gains. When ISSX CEO affirmed rather that raised guidance on the 3rd day of the trade, it is my fault that i didn't exit due to the changed circumstances. i think SUNW breaks through $5 next week, and there is some upside still left. When i saw your post, i didn't realize that you had seen a good entry earlier than it appeared here; and hence i couldn't understand your 8% gain at the time. Thanks for your response. Your friend, mark

To: sixty2nds who wrote (8566)	3/24/2006 7:38:19 PM
From: chowder	Read Replies (2) \| Respond to of 13449

I don't know where price will go on SUNW. I do know why I was willing to buy this break out. In looking at a weekly chart, in addition to price, I focus on volume and money flows. We can see on a price chart that SUNW has broken the down trend and looks to be establishing an up trend. The middle window has an indicator called TSV. This is a volume indicator. You want the volume indicator, the white line, to be above the 20 week moving average, the blue line, and be above the zero line. The indicator in the accompanying chart will confirm that SUNW is being accumulated. The lower window has an indicator called MS for money stream. It too is above a 20 week moving average and is up near the top of the chart. Volume is rising, money flows are rising and price is rising. As technicians, we look at this information and decide if we think that trend will continue. It's as simple as that. ttrader.com Since I have now determined that I think price will take the course of least resistance and head higher, I need to know what it will take to change my mind. If price falls below this past week's low, I will change my mind and get out of the trade. That will tell me that based on the very small profit I have at this point, my timing was off on the entry. If my profits were larger, I would adjust the parameters that would determine where I exit the trade. For those of you who are new to this thread, that's how I use technical analysis. dabum