Flags and Pennants

[db96]

BGD
How did we misss this one? Good example of ascending scallop/parabolic chart pattern. It has a does have a flag in it.

 

[nomore4s]

AOE, not a fully formed triangle but it is in a strong trend and looks ready to breakout.

 

[nunthewiser]

on a weekly chart i,d be more inclined to view AOE more to the short bias ....


could be wrong but on watchy now thanks

 

[nomore4s]

on a weekly chart i,d be more inclined to view AOE more to the short bias ....


could be wrong but on watchy now thanks

lol, tbh I didn't even look at the weekly.

 

[nunthewiser]

THINKS .maybe one last puff from it perhaps creating a false break? and then a decent shortable opportunity ...like i said could be wrong 50% chance of being so but nuntheless an intresting chart nomore4,s . will be watching closely

cheers

 

[nunthewiser]

i just tried to post a weekly on aoe straight from etrade iress and saved to my docs but came up as "invalid file "
aoe chart.xml:

 

[db96]

i just tried to post a weekly on aoe straight from etrade iress and saved to my docs but came up as "invalid file "
aoe chart.xml:

AOE Weekly

 

[db96]

CYA

 

[nomore4s]

i just tried to post a weekly on aoe straight from etrade iress and saved to my docs but came up as "invalid file "
aoe chart.xml:

Nun try saving it as PNG file.

 

[johnnyg]

Ok so with 9 pages on Flags and Pennants we certainly are going along with the crowd mentalilty with everyone recognising these patterns and looking to buy at a certain point.

I now ask the Question, is there a way to get in before the crowd does? To think differently with these setups to give you a greater edge?

I think itd be hard to because buying during the formation of the pattern doesnt necessarily mean the price is going to break, yes you could have a greater R:R and there is examples of where you could pre-empt the move however the pattern may fail or just simply continue on with out any real direction.

Id be interested on thoughts on this.

 

[johnnyg]

Another Pennant in a strong uptrend.

 

[beamstas]

Ok so with 9 pages on Flags and Pennants we certainly are going along with the crowd mentalilty with everyone recognising these patterns and looking to buy at a certain point.

I now ask the Question, is there a way to get in before the crowd does? To think differently with these setups to give you a greater edge?

I think itd be hard to because buying during the formation of the pattern doesnt necessarily mean the price is going to break, yes you could have a greater R:R and there is examples of where you could pre-empt the move however the pattern may fail or just simply continue on with out any real direction.

Id be interested on thoughts on this.

Yes there is
But saying it here
Would mean instead of getting in ahead of the crowd
You would get in with the crowd once again

The best trading secrets arn't the ones you read or hear

 

[johnnyg]

So you have the Holy Grail for trading Flag and Pennant Breakouts?

 

[saiter]

Ok so with 9 pages on Flags and Pennants we certainly are going along with the crowd mentalilty with everyone recognising these patterns and looking to buy at a certain point.

I now ask the Question, is there a way to get in before the crowd does? To think differently with these setups to give you a greater edge?

I think itd be hard to because buying during the formation of the pattern doesnt necessarily mean the price is going to break, yes you could have a greater R:R and there is examples of where you could pre-empt the move however the pattern may fail or just simply continue on with out any real direction.

Id be interested on thoughts on this.

How can you have an edge in flags and pennants?
They're based on a sudden surge in buying/selling, and the only edge that'd be useful would be the one predicting this surge, which is impossible.

 

[Sean K]

How can you have an edge in flags and pennants?
They're based on a sudden surge in buying/selling, and the only edge that'd be useful would be the one predicting this surge, which is impossible.

So, buy in before the surge, and have a stop.

RIV looking like a chance.

 

[beamstas]

So you have the Holy Grail for trading Flag and Pennant Breakouts?

No.

 

[nunthewiser]

So, buy in before the surge, and have a stop.

RIV looking like a chance.

i like RIV chart m8 , nice gentle , no rocket ships involved

placed on watch to see which way it breaks

cheers

 

[saiter]

PLA PLA PLA PLA PLA

Got stopped out 3 times from this one ****! So much fun trying to do it intraday
The chart should be here somewhere in the thread.

ciao

 

[saiter]

So, buy in before the surge, and have a stop.

But then how is that an edge if almost everyone is doing it?

 

[beamstas]

But then how is that an edge if almost everyone is doing it?

Think before you post.......