oh dear 2, page-13

tweets I like your approach. I consider two things to be minimum criteria, strong FA and management and a trend in the direction of my planned trade. I particularly like recent confirmation of a trend change using Thomas Bulkowski's 1-2-3 trend change rule. After all that is in place I use TA to find entry and exit points.

One thing I always check is trends and SAR on the timeframe above the one I'm trading. i.e. if trading the daily chart check the weekly. Never try to argue to with a trendline from the next highest timeframe. When trading bounces off SAR or trendlines look for confluences like previous support in the same place as 1 or more fib lines or trendlines. The more that coalesce in the same price zone the stronger the likelyhood of price respecting the SAR.

This post on VRX is a perfect example:
http://hotcopper.com.au/post_threadview.asp?fid=1&tid=1691991&msgno=7857818#7857818

Confluence of 2 fib lines, a 4 touch trendline and previous support. Best setup I've seen in ages. 2 days later and it's closed at .73