NATHAN LLOYD
04-02-2006, 03:45 AM
Go LONG/BUY
1) Breakout from consolidation in an uptrend or base
2) Breakout from a pull back in an uptrend or base
SHORT
3) Breakdown from a consolidation in a reversal pattern or downtrend
4) Breakdown from a rally in a downtrend
Buying on the dips in a downtrend is not a basic set up. These charts can't be easy to find. I guess that's why swingtraders.com sells this information expensively. Is there any way to scan for these? I guess I could set up a bunch of these on the yahoo alerts, and have them sent to my IM.
People buy in all locations. I need to learn how not to be one of 'em.
1) Breakout from consolidation in an uptrend or base
2) Breakout from a pull back in an uptrend or base
SHORT
3) Breakdown from a consolidation in a reversal pattern or downtrend
4) Breakdown from a rally in a downtrend
Buying on the dips in a downtrend is not a basic set up. These charts can't be easy to find. I guess that's why swingtraders.com sells this information expensively. Is there any way to scan for these? I guess I could set up a bunch of these on the yahoo alerts, and have them sent to my IM.
People buy in all locations. I need to learn how not to be one of 'em.