The Erection Pattern

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

  1. Roark

    Roark

    The erection pattern rears its ugly head once again:

    <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3182228">
     
    #31     May 12, 2011
  2. pcp198

    pcp198

    MACD didn't work to well on this one..

    [​IMG]
     
    #32     May 12, 2011
  3. Roark

    Roark

    Looks like the viagra is wearing off. I guess the point of the pattern is that someone wanted to take price up to dump some contracts:

    <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3182240">
     
    #33     May 12, 2011
  4. One in the making perhaps???

    Pretty HARD to tell at this point:)
     
    #34     May 12, 2011
  5. What should you look for to make sure there's a happy ending to the trade?
     
    #35     May 12, 2011