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Author Message  ohkoolnutz Member Username: ohkoolnutz Post Number: 487 Registered: 10-2005 Rating: N/A Votes: 0 Saturday, February 03, 2007 - 09:39 pm:     We can see a lengthy consolidation with four flat MAs in the same region. --- ohk Lies, Damn Lies and Technical Analysis  ohkoolnutz Member Username: ohkoolnutz Post Number: 518 Registered: 10-2005 Rating: N/A Votes: 0 Saturday, February 10, 2007 - 11:06 am:     --- ohk Lies, Damn Lies and Technical Analysis  mrbzatwork Member Username: mrbzatwork Post Number: 3 Registered: 02-2007 Rating: N/A Votes: 0 Sunday, February 11, 2007 - 01:35 pm:     On this type of breakout do you prefer to buy-stop above 2/9 daily high, or wait for pull back, then enter buy-stop on trailing high? Or something else? Assuming of course you already do not have any open positions. Incredible Charts now with US Data AMEX, NASDAQ and NYSE data OTC BB and Pink Sheet stocks more than 500 market and sector indices FREE trial - Click Here  ohkoolnutz Member Username: ohkoolnutz Post Number: 521 Registered: 10-2005 Rating: N/A Votes: 0 Sunday, February 11, 2007 - 08:15 pm:     I do buy stop limits only. This means you buy at a high point of a swing if you get it wrong and it can really hurt you. 80% of my time is spent on perfecting entries. In this case it played out a bit differently. I noticed $1.77 resistance on Jan 21. I also noticed that the BB had flattened and the price hadn't poked through to the top side yet. Price very often makes a poke, then retreats and then breaks through. You don't want to buy the poke though because it could be a fake-out. Jan 23 showed the poke. It was a huge poke though and I didn't want to move my buy stop to $1.86. I figured the price was going to re-establish itself back at $1.76 and I was going to put in my order once another day high of $1.76 was set. I grew impatient though and I noticed that it did a double-bottom at $1.62 and shortly after a triple-green day high at $1.72. I decided to buy the 'fade away against the poke'. I then put in my order at buy stop limit $1.73 and got filled. I put my stop loss at $1.61. I was in 5 days before the big move started. The minute chart shows my original plan to buy stop limit $1.76 had a slim chance of success so my eager entry of $1.73 was probably the correct choice to make. --- ohk Lies, Damn Lies and Technical Analysis

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