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Tech/a on Technical Analysis

Discussion in 'Trading Strategies/Systems' started by tech/a, Dec 28, 2018.

  1. tech/a

    tech/a No Ordinary Duck

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    A33.gif
     
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  2. tech/a

    tech/a No Ordinary Duck

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    Just some further notes on APA.

    There is no wide range bar supporting any move with very high volume
    in this current pattern.
    It can also be accumulation (Doubtful) but a break with some range and volume
    out of the influence of the V/C bar one way or the other will send a clear signal.

    Just a cautionary note. The price action is currently an indication of whats happening.
    Not a signal---it will come and it will be clear.
     
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  3. just_jay

    just_jay

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    tech, re your mark up on APA's chart "bearish volume control". Is this in reference to the VCB on the 5th of March, and how yesterday's bar is testing the bottom of that particular VCB with volume that not very inspirational?

    re GUD, it has broken out of short term resistence, on fairly high volume (I just compared hourly charts over the last few days) in morning trade. I'll post some notes on it at close, hopefully before you do your analysis.
     
  4. tech/a

    tech/a No Ordinary Duck

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    Yes 5th
    The rectangle is a day early for clarity only it’s tge top and bottom that is important in these lower range bars

    Position in the box is more important in wide range bars.
    GUD has traded past the trigger I set
     
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  5. just_jay

    just_jay

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    GUD. I wouldn't have bought today even though it broke resistance on reasonable vol. The closing price off the highs looks bearish to me (or rather dont look bullish enough).

    GUD0703.JPG

    APA. Average range, decent vol for an upmove. No buy signals to me. Wait and see.
    APA0703.JPG

    Looking forward to hearing your views.
     
  6. just_jay

    just_jay

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    tech, question about AD8. This was a paper trade and I would have entered the market on the 20th of Feb (day after earnings). I set my stop at 4.39 and TP at 5.21 for a RR of 1. According to my pretty diagram below, I would have taken profit on the 27th as it technically triggered my sell limit. The bar on that day also started to look a bit like a buying climax and I would have sold at close. How would have managed this trade if you entered on the 20th Feb?

    P.S. Missed the extremely high vol bar yesterday. =(

    AD8.JPG
     
  7. just_jay

    just_jay

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    some after market trading. charts updated.
     

    Attached Files:

  8. tech/a

    tech/a No Ordinary Duck

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    Will continue to follow the charts.
    GUD would be now traded.
    APA still waiting

    A 32.gif
     
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  9. tech/a

    tech/a No Ordinary Duck

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  10. just_jay

    just_jay

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    tech/a, GUD closed in the bottom third of today's bar. Does this mean you are not placing much importance on this given the high vol and BO? Are there situations when this approach would not apply (assuming strong vol and BO)?
     
  11. Wysiwyg

    Wysiwyg Everyone wants money

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    Would you say most transactions in one thrust generally take place at the top and bottom of swings?
     
  12. tech/a

    tech/a No Ordinary Duck

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    jj it’s a buy according to my testing. You are correct the bar in its own right closes off its high
    It Also closed above the trigger. It could reverse today and if it does it will be range and volume that will determine what I’d do. Again all price action is indicative of what’s happening.
    That indication isn’t as clear as a break out on good volume with wide range thrusting it out of the pattern so a 7/10 a—— b or c trade. But as we are following it win or lose, This is how I’d trade it based upon my own testing and research.

    Wysi
    Most yes some occur in the middle of prolonged moves
    Quite a few happen just before a move tops or bottoms out
    A bit like skidding to a stop or dropping the clutch from a standing start!
     
  13. just_jay

    just_jay

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    ok tech/a. Thank you for clarifying. My methodology up to now is to look for generally grade A trades. This limits my opportunities a fair bit. I start following some grade B/ C trades as you call them.
     
  14. tech/a

    tech/a No Ordinary Duck

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    You’ll soon notice how often A grade grades turn into D trades and B and C turn into As

    I use the “ well fuk me “ indicator
    In these cases
     
  15. tech/a

    tech/a No Ordinary Duck

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  16. tech/a

    tech/a No Ordinary Duck

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  17. tech/a

    tech/a No Ordinary Duck

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    So as patterns and volume plays out it is important to follow
    the charts we have made initial observations to see how it HAS
    played and now how it is likely to play
    Below are the 9 charts that we have recently had a look at.
    You'll now see (I hope) what I see as I read the charts in my watch list
    Adding comments or deleting prospects from the lists.
    I keep the notations though in case a chart is filtered out in a search.
    Which often happens. Saves a lot of work and indicates how accurate
    the analysis was.

    VTG
    INP
    CHC
    BOT
    AD8
    A2M
    BHP
    WGX
    IFL
     
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  18. tech/a

    tech/a No Ordinary Duck

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  19. tech/a

    tech/a No Ordinary Duck

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  20. tech/a

    tech/a No Ordinary Duck

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