Stan Weinstein's Stage Analysis

This is a discussion on Stan Weinstein's Stage Analysis within the Technical Analysis forums, part of the Methods category; these are the three potential shorts that got my interest today.. must admit with way market is at the moment ...

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Old Nov 29, 2011, 10:20am   #89
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Re: Stan Weinstein's Stage Analysis

these are the three potential shorts that got my interest today..
must admit with way market is at the moment i am wary of entering anything either long or short.. maybe should look of some comms or fx...
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mml.png   ipel.png   mjw.png  

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Old Nov 29, 2011, 10:56am   #90
 
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Re: Stan Weinstein's Stage Analysis

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these are the three potential shorts that got my interest today..
MML.L looks the most interesting I think.

Entered Stage 4a on increasing volume
Relative strength is weak / sector is weak
Pullback to resistance yesterday was on light volume and selling off again today.
A close below 360 today needed I think.
First major support at 300
Risk/Reward seems good on daily. Less so on weekly which could bounce back up to 425 area.
First weekly entry point was missed.

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must admit with way market is at the moment i am wary of entering anything either long or short.. maybe should look of some comms or fx...
I'm the same. So I'm keeping stops fairly tight and I took the EURGBP long term short on Sunday night that I laid out in the thread at the weekend as it's not as correlated to the stock market, so more of a relative strength play between the pound and the euro.
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mml_weekly_28_11_11.png   mml_rs_weekly_28_11_11.png  
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Old Nov 29, 2011, 11:03am   #91
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Re: Stan Weinstein's Stage Analysis

with eur/gbp would you put stop apporox 0.885?
what you think of oxig?
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Old Nov 29, 2011, 11:09am   #92
 
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Re: Stan Weinstein's Stage Analysis

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with eur/gbp would you put stop apporox 0.885?
Depends on the timeframe. So mine is bigger as I'm using monthly timeframe with a lot less leverage, but that would be sensible on a weekly timeframe as it is above the last swing high and the 30 week MA.
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Old Nov 29, 2011, 11:13am   #93
 
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Re: Stan Weinstein's Stage Analysis

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with eur/gbp would you put stop apporox 0.885?
what you think of oxig?
It's Stage 3, but could become a Stage 2 continuation if it can close above the week above the previous high. Not much volume in it.
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Old Nov 29, 2011, 1:28pm   #94
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Re: Stan Weinstein's Stage Analysis

jusy going through some us charts.. nflx is a good hindsight long then short.. those are the type of longs im dreaming about, and dia in uk..
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Old Nov 30, 2011, 10:49am   #95
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Re: Stan Weinstein's Stage Analysis

a few potential for the usa
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Old Nov 30, 2011, 8:55pm   #96
 
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EURAUD Stage Analysis

isatrader started this thread I been focusing on finding some long term trades that have less correlation to the market moves, and currencies seem to be a good option for this. Attached is the monthly, weekly and daily charts for the EUR/AUD forex pair.

On the monthly it's been in Stage 4 for the last few years. The weekly is in Stage 1 and near the low of the range, and on the daily it has broken it's trendline today after a big down move this week. As the move has been so big I'm going to watch to see what the reaction back up is first before taking a position as the 30 day MA is a long way behind at 1.3472 currently. But it looks like it might give a weekly stage 4 continuation signal by breaking below 1.29 soon.

Here's the charts
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euraud_monthly_30_11_11.png   euraud_daily_30_11_11.png  
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