ahcsim72
151 posts
msg #127785
- Ignore ahcsim72 |
4/1/2016 12:49:51 AM
I don't know if I am reading the 5yr chart correctly, but is Dow Jones Industrial Average chart showing a clear "Head & Shoulder"? What do you guys think?
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johnpaulca
12,036 posts
msg #127791
- Ignore johnpaulca |
4/1/2016 8:45:59 AM
ahcsim72
10 posts
msg #127785
- Ignore ahcsim72 4/1/2016 12:49:51 AM
I don't know if I am reading the 5yr chart correctly, but is Dow Jones Industrial Average chart showing a clear "Head & Shoulder"? What do you guys think?
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no....head should be higher than shoulders.
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pthomas215
1,251 posts
msg #127815
- Ignore pthomas215 |
4/3/2016 2:59:35 PM
Do either of you know whether head and shoulders means a breakout will definitely happen to set a new support or resistance?
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four
5,087 posts
msg #127816
- Ignore four
modified |
4/3/2016 3:19:56 PM
Perhaps these articles (opinions) will help...
http://www.investopedia.com/university/charts/charts2.asp
https://www.incrediblecharts.com/technical/head_and_shoulders.php
This article includes a thought on a stop-loss placement.
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pthomas215
1,251 posts
msg #127817
- Ignore pthomas215 |
4/3/2016 5:30:40 PM
That is extremely helpful. Thank you, Four. What filter do you use to find head and shoulder/overbought stocks?
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four
5,087 posts
msg #127820
- Ignore four
modified |
4/3/2016 6:32:01 PM
pthomas215
Glad the links are helpful.
I am aware of patterns like head and shoulders. I haven't really looked into head and shoulder opportunities.
My "lab" is located at: StockFetcher Forums · Stock Picks and Trading · Generic
http://www.stockfetcher.com/forums2/Stock-Picks/Generic/118830
Please visit... maybe there will be something you can use or modify for your style.
Note: I post entries (usually) and not systems (never posted a system). Exits are still a stumbling block, for me.
Remember, ideally, a system that includes position sizing, entry, exit... is needed.
You may consider reading something about bet size here
General Discussion · Optimizing bets and bet size
http://www.stockfetcher.com/sfforums2/?mid=77913
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four
5,087 posts
msg #127872
- Ignore four |
4/6/2016 11:30:28 PM
pthomas,
You might find this interesting:
http://www.stockfetcher.com/forums2/Filter-Exchange/PANGOLIN-Z-AND-PANGOLIN-W-FULL-SYSTEM-CODE/122431/0
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pthomas215
1,251 posts
msg #127894
- Ignore pthomas215 |
4/7/2016 7:40:45 PM
Four, you and Kevin are very bright. ha. What does the output of that coding give you? My apologies, I am relatively new to equity investing.
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four
5,087 posts
msg #127908
- Ignore four
modified |
4/8/2016 11:37:13 PM
pthomas,
Kevin provides 10 distinct steps and details within the steps.
When you read through and analyze his presentation where do things get "muddy"?
Example
1. Define the market:
SP500 is selected for its liquidity and bid/ask spread characteristics.
I would look for key words (liquidity, bid, ask) and analyze the definitions.
Then go back and determine if the individual parts also make sense when recombined (synthesized). Another idea is to take a statement and turn it into a question.
Kevin says "select SP500 for liquidity" and I would change that into a question that needs an answer.
What would be the purpose to trade liquid stocks versus illiquid stocks?
Then identify what is still "muddy". Then it is easier to ask a specific question about the word or item.
Taking things apart and putting them back together with focused/deliberate practice and repetition is how we learn.
Perhaps take the user guide apart and put it back together :
http://www3.stockfetcher.com/download/sfuserguide2_0.pdf
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four
5,087 posts
msg #127912
- Ignore four
modified |
4/9/2016 10:48:21 AM
pthomas, found a visual for you.
The chart link (below). See the chart on the left is a head and shoulders pattern (Bearish):
https://pbs.twimg.com/media/Cfd-GzMWQAA8911.jpg:large
Main: https://twitter.com/NicTrades
Post: AIM Buster @AIM_Buster Apr 7, 2016
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