The Erection Pattern

Discussion in 'Trading' started by Roark, Jan 13, 2011.

  1. Roark

    Roark

    The erection pattern reared its ugly head on the Kospi yesterday. How does one profit from the erection?

    <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3060669">
     
  2. Big AAPL

    Big AAPL

    I've seen that before...it's the MM's way of saying what he has in store for me.
     
  3. BSAM

    BSAM

    Try a new approach. Don't be so hard-on yourself.
     
  4. Wait for the the accompanying right testicle pattern, they get heavily short.
     
  5. bone

    bone ET Sponsor

    three minute bars... a very short lived erection.
     
  6. BSAM

    BSAM

    Looky here. I figgered ol' Bone would show up on this thread.
     
  7. You can profit from it, but it takes balls.
     
  8. bone

    bone ET Sponsor

    The pattern started with such momentum... but failed off quickly.

    An exhaustion of order flow.
     
  9. Roark

    Roark

    I think you wait for the blow-off, and then get short as it starts to deflate.
     
  10. BSAM

    BSAM

    The pattern will not stand up over time.
     
    #10     Jan 13, 2011