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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?


To: Gemini who wrote (12956)5/14/1999 1:57:00 PM
From: keith massey  Read Replies (1) | Respond to of 62348
 
I got a private message asking about ascending triangles. I might be a good idea to print out the three patterns in the link below and post them on the wall. If you find stocks with these patterns that are on the verge of a breakout or are breaking out...post them to the thread...remember that these patterns work better on higher volume and higher priced stocks (no low volume pennies).

hardrightedge.com

One thing to add to the link. Volume should be lower on the drops and increase during the rises for the ascending triangle. On the breakout there should be a big volume spike as the resistance is finally broken. Buying on a pull back to the resistance line is one of the lowest risk buys you can make in my opinion as long as you use proper stops.

Don't keep them to yourself...let everyone know <ggg>

Best Regards
KEITH



To: Gemini who wrote (12956)5/14/1999 1:59:00 PM
From: Roderick  Read Replies (2) | Respond to of 62348
 
TVL: Out 2/3 at 2.40. First 1/3 outThurs 2.64. Bought at 2.63 on day of runup. Doh!

Big stupid mistake...I hit "on stop" button. I wanted to leave for the day with a sell order at 2.73 (just below R). I checked my orders and saw that it was filled at 2.40. Double doh! Total loss: $217.00

See you all next week. Rod

Edit: looks like TVL is above 2.50 for the rest of the day broke big resistence at 2.50. Nudged it a few times today already. Good luck to those playing this one.



To: Gemini who wrote (12956)5/14/1999 2:10:00 PM
From: Naught-x  Read Replies (2) | Respond to of 62348
 
in TVL @2.53 eom

Naught-x