KSK8 561 posts msg #159475 - Ignore KSK8 |
8/20/2022 8:44:18 PM
Hey Mac,
Have you considered utilizing a filter to identify potential triangle breaks?
Perhaps this might be of merit:
Overall great analysis's, you're killin it with the triangles, keep it up!
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Mactheriverrat 3,153 posts msg #159477 - Ignore Mactheriverrat |
8/20/2022 10:29:11 PM
@KSK8
Why thanks for the info:
I use a filter from 13th_floor Deadly combo with a Average Day range above 4.00. Price below 15. No otcbb , no etf.
But with all filters , they are subject to change
I use the EMA 13 over EMA 13 one day ago. I go through and draw support and resistance lines for just that day.
I also use the EMA 13 cross above MA 20 starting is the current day and draw support and resistance lines for just that day.
I go to the Filter and run it using default settings so my screen shows side by charts starting from EMA 13 over EMA 13 one day ago or EMA 13 cross above MA 20 starting is the current day.
So in essence's I us the
EMA 13
Support and resistance lines
Price has memory more or less .
-------------------------------------
Maybe some other's
MA 20
MA 50
and RSI(14) for looking at extreme over brought positions.
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Mactheriverrat 3,153 posts msg #159479 - Ignore Mactheriverrat |
8/21/2022 12:59:08 PM
ESPR - Prime example of a Ascending Triangle resistance breakout.
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Mactheriverrat 3,153 posts msg #159481 - Ignore Mactheriverrat |
8/22/2022 1:12:22 PM
Spy gaps below the 13 EMA. Sign of more bearishness to come.
IMHO.
Meaning more cautious when be being long.
When markets are in sell off mode it puts pressure on all of the rest of stocks.
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Mactheriverrat 3,153 posts msg #159496 - Ignore Mactheriverrat |
8/25/2022 9:01:14 PM
CAT - Nice Ascending Triangle setup.
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shillllihs 6,044 posts msg #159498 - Ignore shillllihs |
8/26/2022 1:58:31 AM
Tqqq dipped under ma13, 26 times in 2 years, and 4 times it was a reliable indicator and 22 times it was a head fake that would have cost you. There needs to be supporting indicators to help with that, some help only very slightly and not in all circumstances.
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Mactheriverrat 3,153 posts msg #159509 - Ignore Mactheriverrat |
8/28/2022 4:18:19 PM
The markets can always pull the rest of the market up or down.
With Powells comments Friday with the sell off gives strength to other 's stocks selling off,
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