Wednesday, March 17, 2010

A few past charts

Here's some general information on these charts. All of these charts were done using 5 minute candles. When I talk about triggers, I'm generally referring to a break of the 5 minute high (or low for short).  When I refer to a waterfall, I'm basically looking for a stock that has sold off hard for several candles and looking for a reversal in that trend. On these first charts, I don't have as much technical stuff on them as I do general notes on pivot lines.

WDC on 2-24-2010













CCJ on 2-25-2010
A fade the gap play is basically a gap down, and you look to play it as it retraces some of its move down.












LINTA on 2-25-2010
I played this stock on a gap up, small pullback then nice clean 5's trigger.












GPS on 2-26-2010
On this play, I played the big bar up, small retracement, then the reversal on upwards. I actually took it on 3 minute candles, but 5 minute candles would have worked also.












TV on 2-26-2010
This chart is included here mainly to show the power of the pivot lines. It was made while I was doing research into pivot lines and it is a great example of how a stock can trade around them.

No comments:

Post a Comment