Posts Tagged head and shoulders
![New Free Trading Magazine - grabs yours here]()
The June 2010 issue of Traders, a magazine for people interested in trading is available. Best of all, it's free, all you need to do is to head to http://www.tradersonline-mag.com to grab your copy!
This month the cover story is about high-frequency trading. Other topics are swing trading strategies, using different stops for greater profits, pros and cons of short strangles, head and shoulders pattern. My favourite bit is the trader interview and this month, they have Mike Baghdady who wro
June 13, 2010
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I have been busy today and posted quite a few times in a short space of time!
Anyway, I entered another trade after the previous and make all the losses back to close at 0.3 points in profit! Hoorah, at least it wasn't a loss!
As I mentioned earlier, I was talking about the head and shoulders pattern. It wasn't a perfect pattern but as I write, the market has indeed reversed and hit my targetted endpoint at 1388 and indeed has gone beyond this!
In addition, I didn't mention my Fibonacci
May 28, 2008
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Today, I saw the perfect Head and Shoulders pattern on the S&P and got very excited. Look at the diagram, the 3 red dots signify the shoulders and head. I have read about this pattern in technical analysis books and in most cases, they signify a reversal pattern. I was looking at the chart moving up to at least 1388!!
Anyway, I went long at the second shoulder.. the market moved 2 points up my direction.. it was looking good and then tanked, breaching the limits of the second shoulde
May 28, 2008
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