| Author |
Message |
     stickman
Member
Username: stickman
Post Number: 879
Registered: 05-2004
Rating: N/A
Votes: 0
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| | Friday, July 14, 2006 - 10:46 am: |  
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Hi
any thoughts ??
cheers
Trade to Learn, Not to Earn.
when you lose,don't lose the lesson.
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elisabeth
Member
Username: elisabeth
Post Number: 356
Registered: 09-2002Rating: N/A
Votes: 0
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| | Friday, July 14, 2006 - 08:34 pm: |
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Hi Stickman
I present a weekly chart which still shows the potential of a c&h, despite today's gap down.
The weekly shows indicators primed for an ascent. Stochastic sitting in the o'sold zone, MACD moving up towards the 0 line (plus there is a "hidden bullish" MACD divergence (78% success rate in my recent study).
Your daily shows the volume to have reduced on the fall - no change today, ie the gap was produced on small volume and trading today produced a bullish candle with a tail.
The daily, to me, shows the down trend already broken.
But there are too many solid candles there on the weekly - is that a bear flag?? and I would be looking for a couple of good bullish looking candles and a break over 0.4c (and maybe some news) before I was convinced that price was going to retest the 0.050/0.055 area. MAs are also clustering, but slightly pointing downward. I would be cautious and await some confirmation rather than buying just at the turn.
Elisabeth
(PS ~ I really like the simplicity of your charts - apologies for cluttering mine up with indicators…)
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hershy
Member
Username: hershy
Post Number: 1446
Registered: 10-2002
Rating: N/A
Votes: 0
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| | Friday, July 14, 2006 - 09:36 pm: |
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Hi,
As I understand it, the handle in a cup and handle formation should not be more that 1/3 rd the depth of the cup so I would say then that it a failed C & H.
...and another Bloody Mary, por favor !
http://members.optusnet.com.au/~hershy/
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elisabeth
Member
Username: elisabeth
Post Number: 357
Registered: 09-2002Rating: N/A
Votes: 0
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| | Saturday, July 15, 2006 - 05:34 am: |
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My understanding is that a handle can go down to 50% but that there is a greater chance of failure, this one looks like it has gone further than 50%.
Though volume has behaved perfectly for a c&h, another guideline is that the handle should form above MA200, otherwise the pattern is weak.
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danielc
Member
Username: danielc
Post Number: 63
Registered: 09-2003Rating: N/A
Votes: 0
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| | Friday, July 14, 2006 - 10:39 pm: |
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three times i have tryd to word this message,a cup and handle??? and this bloke has posted 850 times???? My G od give me a break.Very dangerous call.
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stickman
Member
Username: stickman
Post Number: 880
Registered: 05-2004
Rating: N/A
Votes: 0
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| | Saturday, July 15, 2006 - 03:46 pm: |
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Hi Elisabeth/ Hershy
short term i see this a falling wedge ???
thanks for the charts elisabeth
cheers
sorry Danielc (me not understand you ??)
(Message edited by stickman on July 15, 2006)
Trade to Learn, Not to Earn.
when you lose,don't lose the lesson.
|
stickman
Member
Username: stickman
Post Number: 883
Registered: 05-2004
Rating: N/A
Votes: 0
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| | Monday, July 17, 2006 - 11:34 am: |
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just playing around with ms paint
cheers
Trade to Learn, Not to Earn.
when you lose,don't lose the lesson.
|
stickman
Member
Username: stickman
Post Number: 884
Registered: 05-2004
Rating: N/A
Votes: 0
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| | Monday, July 17, 2006 - 12:25 pm: |
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Trade to Learn, Not to Earn.
when you lose,don't lose the lesson.
|
stickman
Member
Username: stickman
Post Number: 885
Registered: 05-2004
Rating: N/A
Votes: 0
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| | Monday, July 17, 2006 - 12:33 pm: |
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Trade to Learn, Not to Earn.
when you lose,don't lose the lesson.
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suemac
Member
Username: suemac
Post Number: 340
Registered: 01-2003Rating: N/A
Votes: 0
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| | Monday, July 17, 2006 - 08:27 pm: |
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Looks like the spout of a teapot forming, and I don't know the rules for trading that!!!
Behold the turtle; he makes no progress unless he sticks his neck out!
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stickman
Member
Username: stickman
Post Number: 887
Registered: 05-2004
Rating: N/A
Votes: 0
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| | Wednesday, July 19, 2006 - 11:43 am: |
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Hi, buy as the tea flow's out of the spout 
oil looks to be set to break out of the handle/flag set up ?
hey i like this ms paint ?
Trade to Learn, Not to Earn.
when you lose,don't lose the lesson.
|
stickman
Member
Username: stickman
Post Number: 888
Registered: 05-2004
Rating: N/A
Votes: 0
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| | Wednesday, July 19, 2006 - 11:56 am: |
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Hi
a bit of volume yesterday
Trade to Learn, Not to Earn.
when you lose,don't lose the lesson.
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danielc
Member
Username: danielc
Post Number: 64
Registered: 09-2003Rating: N/A
Votes: 0
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| | Wednesday, July 19, 2006 - 12:38 pm: |
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Reckon you are rite,51 mil yester day,like the vol on the weekly,gonna go buy some rite now.
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stickman
Member
Username: stickman
Post Number: 890
Registered: 05-2004
Rating: N/A
Votes: 0
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| | Friday, July 21, 2006 - 09:01 pm: | | |
