RIMM - Research In Motion - Coil; MOS - Mosaic - Coil / Cup & Handle
RIMM & MOS offered similar patterns as far as their coils go.
RIMM then went on to form a bowl / rounded bottom type pattern, where as MOS failed in the C&H.
When looking at the 2 examples look at how dramatically different the volume is on their upside breaks.
Also notice, that despite leaving quite a bit of $$ on the table, I had some pretty successful trades in them. Even though the MOS patterns didn't exactly pan out, I still locked in some profit on each trade and managed my stops properly.
The AG names I was watching while trading MOS (I was cycling through them for evidence of reversals, as sectors often trade together): POT (sector leader), AGU, MON, & CF.
Just out of curiosity, do you guys prefer that I annotate the trades on the blog, or on the charts?
I try and use different (legible) colors where I can in order to make things easy to follow. I'm sure that MOS trade is probably a little on the crazy side though, since there are so many annotations.
like the details on the charts.
Anonymous said... April 24, 2008 at 6:26 PM
I like the details on thr chart, too. Really like your blog. Best of luck.
jb
Anonymous said... April 24, 2008 at 10:19 PM
Nice trades! I like the comments on the charts, but since you are asking for feedback I would say that the charts are a little large for me. I typically do my trading with a large monitor but tend to read blogs and do my own blog later in the day from my laptop, so the large charts are less friendly because I have to scroll back and forth and up and down. Anyway, it might be just me.
Good trading!
anarco
anarco said... April 25, 2008 at 5:36 AM
Thanks guys.
Anarco,
Yea my main trading monitor is pretty large. I could try and shrinking each image, but I'd have to make sure the text is still legible after resizing the image.
I'll try giving it a test run.
Thanks.
Trader M.D. said... April 25, 2008 at 1:30 PM
Post a Comment