Pattern Recognition: What Traders Get Wrong Wrong Wrong

Pattern recognition is the key to becoming a successful chartist. Through practice and experience the best chartists have seen the same pattern thousands of times. It is all about noticing, but what is it that the chartist must notice?Please retweet if you liked this article! http://platform.twitter.com/widgets/tweet_button.baa54ded21a982344c4ced326592f3de.en.html#dnt=false&id=twitter-widget-1&lang=en&original_referer=http%3A%2F%2Fwww.themarketspeculator.blogspot.com%2F&size=m&text=Great%20Post%3A%20HowPattern%20Recogntion&time=1455633396912&type=share&url=http://themarketspeculator.blogspot.com/2016/02/pattern-recogntion-what-traders-get.html&via=PaulJSingh Notice the patterns that give you an edge.Notice the patterns... Continue Reading →

February 16, 2016 0

Another Stock Showing Strong Distribution: WYNN

WYNN was on the long list for quite some time, but has now reversed and is the perfect short setup. A bear flag has formed, with volume that's showing distribution. Many like to wait for price to breakdown out of the flag pattern. I prefer to enter early, when price is at the to of... Continue Reading →

May 21, 2009 2

Strategy Session: Using Distribution Patterns to Predict Trends and Trend Failure

The second most important aspect of my trading strategy (behind support and resistance) is using volume to classify stocks that are under accumulation and distribution. Distribution is under way when, over a period of time, stocks show higher volume on down days and lower volume on up days. In a bullish trend, this predicts the... Continue Reading →

May 20, 2009 2

4 Stocks For Tuesday

Here are the four stocks I am looking to enter on pullback Tuesday.

May 19, 2009 0

SPY Chart

May 5, 2009 0

Short Setup: NTRS

I went short NTRS this morning. The stock has broke down below support, pulled back and shows a negative volume pattern.

April 30, 2009 0

Focus List Stock: AMZN

I currently only have one position (SPY at $84.03). I'm patiently waiting to add positions on a dip to support. One of my favorites is Amazon, which is consolidating after a monster run and breakout. I'm looking to enter on a pullback to the $80-81 range.

April 28, 2009 0

Spy Chart

I currently have only one positions (SPY at $84.03). The chart below show looming resistance levels, which correspond with my targets.

April 24, 2009 0

A Momentum Stock in a Sea of Bottoming Setups

NFLX is one of the few stocks that has been enfuego this year. It bottomed in December and has been on fire since. I like it on a pullback to the mid Bollinger Band level, which is also the 20 day moving average.This is a trend pullback setup.

April 8, 2009 0