NOFRILLS Chart Reading

Discussion in 'Technical Analysis' started by 4XIS4U, May 5, 2005.

  1. 4XIS4U


    Hi, I'll be posting some annotated charts on this thread and would like to get some feedback on it.

    This is suppose to be a healthy discussion.

    My methodology:

    - Swing trade
    - Price and Volume are the most important things to me -- indicators come second
    - I will sometimes use an oscillator to confirm top / bottom divergences
    - I find Joe Ross method very objective -- will refer to 1-2-3 and Ross Hooks formations from time to time.

    I've only been trading for 3 years and this is my first profitable year.

    I FINALLY HAVE A PLAN which is follow strictly.

    DISCLAIMER: You should not make trading decisions based on my analysis.

    here we go...




  2. 4XIS4U



    Strong fundamentals just breaking out of a 4 months base.

  3. 4XIS4U


    AAPL is not finding buyers even when the market is going up -- or, most of the stocks are going up... ?

  4. hey dude, nice post. I notice that you know your tech analysis. I agree with all the recommendation you made so far. So let's hope you make money . cheers :D
  5. Shorts

    [​IMG] [/B][/QUOTE]

    Volume tends to start, and end, a move. Depends if this recent high volume is a continuation, or a reversal. XLE bounced nicely intraday from just below $39 twice, and appears to recover today.

    Look @ Daily 100 day Simple Moving average for XLE, it bounced off of it nicely ($39.97 level). And off the Weekly 20 day SMA @ 40.37. That is some strength to me, at least in short term

    I often use the 100 SMA, for example CME bounced hard off of the WEEKLY 100 SMA.
  6. Banjo


    AEIS, gonna take some advance energy to break that hi, vol diminishing, any news upcoming?,uu[w,a]daclyyay[dc][pc9!c18][vc60][iLp10,3,3!La5,13,6]&pref=G

    PFE, entering congestion, any news, gotta pay attention to sector here,uu[w,a]daclyyay[dc][pc9!c18][vc60][iLp10,3,3!La5,13,6]&pref=G
    safe haven sector?
    the short was at 75
    TLWT, eps may12, be careful unless you know something,uu[w,a]daclyyay[dc][pc9!c18][vc60][iLp10,3,3!La5,13,6]&pref=G

    AAPL, was ashort @ 42, will be again @< 35,uu[w,a]daclyyay[dc][pc9!c18][vc60][iLp10,3,3!La5,13,6]&pref=G
    Well, you did ask.I don't play individual stocks anymore but when I did these would have been my observations.
    Unless your holding for weeks tighten up your game and use dailies for TA , weeklys for macro. Also look at cash indices daily charts and appropiate sector charts. They can give a good over view of money movement. It's all about following the money.
  7. 4XIS4U


    I only look at the 50sma and 200sma only because of their psycologycal bias.... they don't represent anything more than that in my trading plan....

    :cool: sorry
  8. 4XIS4U


  9. 4XIS4U


  10. 4XIS4U


    #10     May 6, 2005