Simulated Trades and Analysis

[Spongle]

coh_ax08sep11_to_28aug12 woop.png

[Trembling Hand]

coh_ax08sep11_to_28aug12 woop.png

Spongle I'd be more worried about the three lower highs over the last month than that up trend.

[Joules MM1]

Spongle I'd be more worried about the three lower highs over the last month than that up trend.

that's a great comment, TH ......expanding on that would be far more educational if you have time.....encouraging reading price....

[tech/a]

There is no analysis on the chart

Just drawing of highs and lows touching and a
couple of expectations noted.
There is no consideration of pattern or range and or volume.
No management nor risk details

[Spongle]

There is no consideration of pattern or range and or volume.
No management nor risk details

Pattern? please elaborate.

Hmmm...

will go over the tech analysis stickys to go over some fundamentals (lol)

[pavilion103]

COH was an ASX Power Setup on The Chartist, posted 25th June. Interesting.

[Spongle]

suncorp.png

Thought?

Has broken above the support line that it briefly fell below and has almost approached the 8.55 resistance line... all whilst on a fairly rigorous uptrend with reasonably good volume to support it. I am a novice so I this is just be speculation.

I think it may break that reasistance line and reach approx 8.55 by the end of the month.

thougts?

[tech/a]

suncorp.png

Thought?

Has broken above the support line that it briefly fell below and has almost approached the 8.55 resistance line... all whilst on a fairly rigorous uptrend with reasonably good volume to support it. I am a novice so I this is just be speculation.

I think it may break that reasistance line and reach approx 8.55 by the end of the month.

thougts?

This is a range trade stock.
buy at support short at resistance.
Other than that it's as boring as " bat thingy "

[Spongle]

This is a range trade stock.
buy at support short at resistance.
Other than that it's as boring as " bat thingy "

Ahh I see

Would you expect rice to breach that resistance line significantly and if so, what should I be looking for?

I realize it cant follow that short uptrend forever (wouldnt that be nice) but wht would/should i look for as signal that it will continue?

[tech/a]

Ahh I see

Would you expect rice to breach that resistance line significantly and if so, what should I be looking for?

I realize it cant follow that short uptrend forever (wouldnt that be nice) but wht would/should i look for as signal that it will continue?

Spongle

Youve drawn important lines in Channel and S&R
But youll note that volume is ho hum just bumbling along no spikes and no extremely low volume bars.
No price gaps and no large range bars
The signs of increasing interest and waning supply.
If I was in this stock Id be looking at selling at resistance.
Only a clear impulse through resistance would have me stay in.

[pavilion103]

I'm keen to get back into this thread with some indepth analysis of trading opportunities. Unfortunately the current market hasn't afforded too many that fit my criteria. I don't like being on the sidelines but hopefully will be back in here posting soon I think it's best that I post the best opportunities in here, rather than willy-nilly posting chart after chart. That way we can have a decent in-depth discussion on few opportunities.

[Spongle]

Interesting
8.10 at the on the 09/07 and 8.40 as of yesterday 19/07.

3.7% increase in 10 days not too shabby

or if you were to get in frome the second trading day of june: 7.60 to now at 8.40 a hefty 10.5% increase over 5weeks!

A qustion for the gurus: If one was to go with the second option what would be the best things to look for that would indicate a contuation of this short term trend... I like OHLC bars and while the volume dosent look too great I'm sure I am missing something.

Any thoughts?

(sorry for no updated chart... an on my mates computer)

[pavilion103]

Interesting
8.10 at the on the 09/07 and 8.40 as of yesterday 19/07.

3.7% increase in 10 days not too shabby

or if you were to get in frome the second trading day of june: 7.60 to now at 8.40 a hefty 10.5% increase over 5weeks!

A qustion for the gurus: If one was to go with the second option what would be the best things to look for that would indicate a contuation of this short term trend... I like OHLC bars and while the volume dosent look too great I'm sure I am missing something.

Any thoughts?

(sorry for no updated chart... an on my mates computer)

Closed 8.64 in the end on the high.

What I would have been looking for is strong absorption volume as it breaks through resistance. Today's volume doesn't look particularly strong however.

[pavilion103]

TGA - comments on the chart. This is an interesting one. I'm thinking to wait for a breakout on strong absorption volume before getting in (maybe on the pullback). Is there anyone who would get in before the breakout based on the recent narrowing of range and tapering off of volume as it slowly trends upwards in the mirco pattern?

TGA.png

[pavilion103]

This is one that I like better - SLX
My thoughts on the chart

Is it preparing for another up move?
Is the current stop too wide (entry 4.45, stop 4.12)?

SLX.png

[pavilion103]

AMM - Analysis on charts

AAM.png

AMM1.png

[tech/a]

PAV
Both are very similar charts.
If you expand them out you'll see that both are testing the top consolidation pattern.
The immediate consolidation is in context very small in comparison to the bigger pattern

Both are now attracting supply.
The good news as you've noted is that supply was absorbed then pushed the resistance.
Volume still high.
In the context of the Broarder pattern there still isn't a breakout so they are both really
Testing long term highs.

So what to look for is this supply to get knocked out and either a gap through resistance ( the longterm stuff)
Or a wide range bar on good volume closing at it's high. Not massive volume which indicates supply.

So close but not quite yet
Sure you could take a position in both in anticipation and by now you'd know how to minimize risk in this positions.

With such long consolidations the moves out of it will in the end likely be substantial.

[pavilion103]

I will continue to watch. With AMM admittedly today was not a genuine longer term breakout.

It will be interesting to see if we do see a wide spread bar clear this resistance with some good volume.

Thanks again for the input Tech. Much appreciated mate

[pavilion103]

TTS - Analysis on chart.

I forgot to post this one on this board.

TTS.jpg

[pavilion103]

AMM - good day today but closing off the high in the end so some supply. It will be interesting to see if this one pulls back a little to test the high volume area.

AMM2.png