Not really my kind of day yesterday, though some great short signals came through in the afternoon.
My first featured chart is ANFI, and related to this I'd like to offer up this link to a great video blog post from Nick Stephens (NIstephens9) that he put out yesterday to outline his plans for two long trades that he took in this stock. His after hours thinking and tech analysis from the night before was really spot on :
Note - this is a 3 day view to indicate a break of a trendline that was drawn off of the Monday price action and came across Tuesday and into Wednesday where it broke higher right on cue.
Just providing charts are not beneficial for learning purposes. Explain your reasoning. Its not so people can follow. Just so people can have an understanding as to why and then they can use those techniques when they spot a similar trend. Just my opinion.
Vicky, I remember when I was struggling to make the breakthrough, and what did it for me was using the data from the uploaded Profit.ly trades of established to figure where and when they made their trades. Once I was able to figure out the patterns that was it for me.
...of established traders.
I'm a purely technical trader. And so these charts are what would work perfectly for me, as the detail needed is in the minute or two prior to the move. Of course I need a good idea of the overall chart to be sure of the move, but everything I would need is encapsulated in the charts provided.
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