Recent content by flea

AVP Hi FTSE, I've had this on my watch list for a while now but I've been looking dor a possible short setup. Infact I posted a chart of this on this thread a couple of days ago. As for pullbacks a fall below the previous basing lows would mark an end to the present uptrend. You could overlay...

ROK Don't forget the stops

Thanks Mr Charts. Obviously I don'tr get them all right but the key I think is risk reward. The stop at the 50 MA gave a fairly low risk to reward trade :) . I notice that you like to play news stocks which is something I've been looking at. May I ask who you use for a news provider. I looked...

AVP Remember to keep stops when trading

ALTR If anyone did take that ALTR setup I'd sell half close to 12.80( I just have) reset the stop to break even on the balance then you've a near free ride in the rest

Mr Charts appreciate your contribution and apologise for being a little heavy handed in my previous post :o

I'm never sure of anything and yes I have noticed similar patterns amongst the Nasdaq stocks. These are ideas only. I'm not suggesting anyone trades them and I think you'll see from the title of the post that it is just an example of how I would use Fib levels. Lets see a few of your ideas, Mr...

"An overly cautious trader becomes afraid to use his or her own market assessments. A stubborn trader won't buy a stock if others are in it, not wanting to be thought of as "a follower" or as someone who is "late to the party." A reluctant trader may refuse to risk more capital on an advancing...

ALTR This is how I would use Fibs

I agree about the top trend line but I think I was making the point that it was about a break of the bottom support line. Not sure about the need for the fibs unless you are looking to short a rally up to these levels rather than a break down. The reason I inclue MA's is the crossover can be...

Comments good or bad are welcome

"When forecasters have too much information, they often become even more inaccurate than when there is too little. Research on horse handicappers and other studies indicate that only early information affects one's decisions. Once the decision is made, additional information, even when...

"None of us likes to admit to himself that he has been wrong. If we have made a mistake in buying a stock but can sell the stock at a small profit, we have somehow lost any sense of having been foolish. On the other hand, if we sell at a small loss we are quite unhappy about the whole matter...

" When I've observed other traders, the best ones are always aggressive. They don't even think about the trade, they just do it. And that's a trait that I really admire. But the thing is, they're aggressive and they take care of their capital. They're only aggressive when they perceive a good...

Thought For the Day "As absurd as it sounds, some traders are more motivated to lose than to win. Why would someone want to lose? Most of the time it comes from an unconscious fear of success. Familiarity with losing keeps these traders doing things that are contrary to what the tape and...