you be correct sir. i went 500 shrs first and i actually added to it as it started to accelerate upwards. usually a powerful setup like i wanna see strong volume kicking the stock up, then a nice low volume consolidation pattern(wedge, coil, pennant) and then i'll buy into the apex of the pattern and hope for that my timing is correct, i always start small and add as the pattern gains credibility.
4 comments:
I know you always buy when there are good candle pattern.
Do you also combine volume as part of the consideration factor?
Pat. volume is what gets me to put on a trade with big size. If i don't see volume, i am not as excited by the trade. Volume equals conviction!
AG showed a great pattern as your drawn. Volume cames after your entry and confirmed your trade.
So does it mean, this isn't a big size trade as AG didn't have volume from the open thru your entry?
you be correct sir. i went 500 shrs first and i actually added to it as it started to accelerate upwards. usually a powerful setup like i wanna see strong volume kicking the stock up, then a nice low volume consolidation pattern(wedge, coil, pennant) and then i'll buy into the apex of the pattern and hope for that my timing is correct, i always start small and add as the pattern gains credibility.
Post a Comment