Stock Trading

Chart Patterns Like This Will Make You Money All Day Long

I never get tired looking at winning charts and winning chart patterns.  Why?  Because nothing succeeds like success.  In fact, I study them all weekend long.  And yes, we are talking ALLLLLLL WEEKEND LONG.

With that said, here is an awesome chart worth studying: CIE.

This chart has everything I want to see in a trade.

1.  Breakout On Volume

Here you can see that on the breakout day above the 50 day moving average, volume was greater than any other day in the weeks leading up to the move.

2.  Continuation/Consolidation

Once price breaks out, you want consolidation periods between those runs so price doesn’t get over extended.

After those consolidations, you want the last thing I look for:

3.  New Highs

You want price going up.  And you want to SEE it going up.

Looking at a chart like this, and these awesome chart patterns, it’s easy to THINK it’s easy to trade like this.  Not so.  It’s very difficult to let your winners run.  That’s because the impulse to take profits is huge.

I’m always working on methods and tools that help remind me when I’m in a possible HUGE trade.

Looking at charts like this is one of those ways.

No Responses

Join The Discussion

Trend Trading Vs. Counter Trend Trading, Which One Is Better?
How The Biggest Retail Traders Got Rich
Trade Pocket Pivots Like an O’Neil Disciple
Make A Lot Of Money With A Small Account
Stock Market Update – 01/01/19

Fellow traders — welcome to 2019! I hope you had a...

Stock Market Update – 05/13/18

Every trader I’ve worked with over the last 18 years had...

Stock Market Update 04-29-18

“Like human beings, stocks behave differently. Some of them are calm,...

Stock Market Update 04-21-18

Hey Everyone! Happy weekend!  Hope your trading week was AWESOME and...