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Snake :

I'm was not asking for anyone to agree or their approval

This thread was not intended for Traders ,it started in the beginners lounge, one only has to observe how often when targets are hit that the stock is sold off to know that quite a lot of traders use this method .

Was simply demonstrating a  different type of trading style to what appears to be the norm on this forum .

Short-Term Target Trading :

Both the stocks mentioned at the time hit their Triangle Targets  --- probably won't hit their sturrup , but that's a different trade :

It,s not hard to find 5 Tri's or Flags a week , for a steady $200 profit each , with a avg of 1 loss to the max of 3 losses in a week --- if handled right losses are well below the target profit , hence a better than 1/1 bet

Come back to the point that the Anaylist whether they be T/A, F/A,Gann,Elliott or  dart throwing  are really imaterial in these types of trades .

It's about Trade Management -- After all you can get all the Anaylist's  opinions you want -- from the free stuff right through to Fat Profits etc -- Anaylists are a dime a dozen --- But only getting in there and actually Trading will teach you HOW to trade , no one can do that for you.

Also with this style of trading , your not restricted to just the one type of anaylisis , any suitable stock surgested by any form of anaylisis/tippster  can be looked at to see if either of these patterns are forming , but I generally found if U stick to much to the text book rules on patterns many a oppurtunity will be lost -- better to have tight STOPS .--- as the days pass, the rising STOP is reducing risk , to the point that there is no risk (except gaps)

Actually a interesting articale in a recent issue of " Your Trading Edge " -- comparing -- " a Formula 1" -- Salesman, Mechanic and Driver , to :

 A Stock  --  Broker , Analyst and Trader  ---- the 3 are worlds apart

Cheers