XAO 0.33% 8,661.2 all ordinaries

Short Term Trading Weekend Lounge: 15-17 Feb, page-20

  1. 12,650 Posts.
    lightbulb Created with Sketch. 19
    mmm will have try look pretty sure sector was one ? Galdiator2 maybe and even mowible .  Remember though you had get ten entries in to start also so was some pretty long term stuff to pick the moment I guess .

    Free would know I guess Lambrae .

    Picking a big market cap stock though I think Game fisherman was pretty good that's for sure .

    I cant believe ive got nothing done tonight except review a bottle of wine .

    But ive reviewed so much stuff off the beaten track its been worthwhile .

    Ive never been a volume person as in charting . Even against best advice when I joined the stt it may have unlocked some cup handle stuff for me tonight .

    W ell cup as that is the break of the trix over the bias line our first intention on joining the stt

    Our first scan is the trix bias line cup and picks a stt period in the chart basically on hesitance  of the chart over a four five day period .

    Cup handles or just the cup or what ever the scans are the key to unlocking a similar pattern .

    Trading them is well the holy grail of it !

    Simple charting complex scanning for recognition or something along those lines was once my signature .

    We are still at it and still reviewing .
    25749990


    Portfolio management was the other one .

    Tonight looking at volume and as many know ive been at cups for ages as they are trix bias line crosses my first ever scan. Dominant candle on mirroring pattern is interesting with volume and I scroll it but never scan for it pretty much.

    Like that song reaching out to free with Rod Stewart .

    Its the stayers that keep at it whether they meet success or not they will be so much better in this world for the efforts they put in  and share along the way .

    It can be done .

    You can unlock a trade out there that will change everything imo

    You may need a portfolio of them though to unlock it . Is much of my drive that yes you need spread still to find them and im as helta skeletal with it all the time .

    So heres my theory on dominant candle mirroring on a cup and handle ?

    More volume on the right side of the pattern is positive sign for breakup no handle on a dominant candle on both ends of the cup stt

    Im a nut though with lots of stuff but two dominant candles maybe unlocked a little with volume and that's something I don't scan for or have ever put credence on but open to change my mind on that's for sure in the quest for breaking that pattern from breakout to one that does no matter where it appears as its still supposedly a break from trix to buying area .

    In a sniper entry it maybe good indication those few candles with combination volume on dominant candles fpr forward look as well as in sniper entry in uptrend and something look forward to in the chart that ,may happen .

    This is the forward projection that may occur which repeats is all .

    Picking breakup off a cup is mixed with everything imo

    Its so common and so easily recognized pattern.

    Maybe the volume is the key to unlocking dominant candle theory on a cup !
 
watchlist Created with Sketch. Add XAO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.