daytrading aug 16 pre-market, page-27

  1. 3,290 Posts.
    In the musings I have put up a recurring theme. What you put into the market is what you get out of it. TBH I don't like these automated scans. They cut corners. But in reality you waste more time filtering out the mistakes than you save as more times than not they are wrong. Between A & B I know what resembles a rounded bottom with handle (cup & handle). B offered a 10 cent move working off the V bottom. The present retrace is in fact no different from the retrace at the 78 level.

    For those that are interested and nothing against martis for posting these lists as he/she takes his valuable time to do this. Just remember there is no magick black box for trading. Nothing in the market can beat a manual scan. It takes time. But as repeatedly pointed out. You get from the market what you put into it.















    http://www.investopedia.com/terms/c/cupandhandle.asp#axzz23fExT5DB



 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.