Beginning September 1 (over in the futures thread), I plan to review all flaws in an effort to assist traders in learning the fundamentals behind each Hitch, Dip, Stall, HVS or CCC chart pattern. Since the very same situations materialize in Equities as they do in Futures, Equities Traders might find value in following along. Of course. Think about what rank means. Sure, we know that each stock with a rank cycles a minimum of 5 times in 6 months for at least 20% gains across 6 to 8 days, but we also know that rank provides the 'percentage gain per day' for each equity. The higher the stock rank, the greater the anticipated gain. For this reason, Jack has used rank as a 'tie breaker' in the past. If two stocks simultaneously trigger a buy signal, and one only had one stream left to fill, Jack has recommended entering into a trade with the higher ranked stock. - Spydertrader
I have that same problem. I usually chart my daily and 30 min side by side. usually my daily will look like yours and then have a 30 min for the traverses within the daily channel.
Thanks for the reply. I will have to put more weight into the 20% scanning and try to time the FTT. I am looking forward to September 1st and the crossover of flaws and its uses in equities. Hope you are enjoying your tri monthly vacation
FTK had a pretty wide spread so I got cute and tried to get in on a limit order at $32.14 while the ask was $32.30. It didnt get a fill so I missed it. One of these days Ill learn....
I bought FTK and ICOC using beginners method. I bought them both at 1045, when it looked like they would reach average volume by 1130. At 1130, FTK made it past average volume, so I continue to hold. Will check for FRV when I do my nightly analysis. ICOC didn't made it (average volume wise) at 1130, so I sold with a 3,5% loss. What's the verdict on FTK from an advanced method perspective, anyone?