Hi There
Just completed reading Penny Stocking 101, thats a penny stock super guide right there. Thanks Tim for the work you did!
I Love Chap. 7-9 with all those charts and their patterns...so awesomer.. I began paper trading just by tech analysis alone and this guide Tim did is just perfect to keep learning, specially to go back whenever I have to remind myself of the basics/fundamentals.
If you want the description of all these charts pattern, I suggest you you read Penny Stocking 101 not just once but as many times as it takes for you to memorize them. Besides that i'm going to print this and put it in my wall.
Well here's a compact list of the charts. Image is long but I don't care. I'm placing it here for a quick reference and comparison when looking at charts from research. Enjoy, Thx, Daniel
right click - save image as...
Was LXU a cup and handle Friday? Where would you have been long?
Yes LXU Intraday on Friday looks like a messy cup and handle, but I wouldn't have been long or at least I don't have the experience to say I would have. The only thing I would have done with my current knowledge of charts is to short during the breakdown, not before , but inbetween. Like a 50cent of difference between falling from 12.7 - 5.7
but that fall happened in 10 minutes open market, you would need a great deal of discipline which I don't have yet
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