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+--- Thread: UK Stocks and ETFs - Watchlist and Discussion (/Thread-UK-Stocks-and-ETFs-Watchlist-and-Discussion)



RE: UK Stocks - Watchlist and Discussion - ChubbyHips2014 - 2014-03-26

Hey,
I was just wondering what your standard procedure was, before you enter a trade, for example (check the overall market direction, if it is in a stage 2. Check the strongest sectors. If it was in stage 4 check the weakest sectors etc) if that makes sense?

Thanks Smile


RE: UK Stocks - Watchlist and Discussion - ChubbyHips2014 - 2014-03-26

Hey,
I was just wondering what your standard procedure was, before you enter a trade, for example (check the overall market direction, if it is in a stage 2. Check the strongest sectors. If it was in stage 4 check the weakest sectors etc) if that makes sense?

Thanks Smile


RE: UK Stocks - Watchlist and Discussion - isatrader - 2014-03-26

(2014-03-26, 01:49 PM)ChubbyHips2014 Wrote: Hey,
I was just wondering what your standard procedure was, before you enter a trade, for example (check the overall market direction, if it is in a stage 2. Check the strongest sectors. If it was in stage 4 check the weakest sectors etc) if that makes sense?

Hi ChubbyHips2014, this is one the frequently asked questions, but I can't find the last post on it, so I'd recommend reading page 75 in the book again, which Weinstein refers to as his "Forest to the Trees" approach. As it lay outs the three step process of market, sector and then stocks that he recommends.


RE: UK Stocks - Watchlist and Discussion - isatrader - 2014-03-26

(2014-03-26, 01:49 PM)ChubbyHips2014 Wrote: Hey,
I was just wondering what your standard procedure was, before you enter a trade, for example (check the overall market direction, if it is in a stage 2. Check the strongest sectors. If it was in stage 4 check the weakest sectors etc) if that makes sense?

Hi ChubbyHips2014, this is one the frequently asked questions, but I can't find the last post on it, so I'd recommend reading page 75 in the book again, which Weinstein refers to as his "Forest to the Trees" approach. As it lay outs the three step process of market, sector and then stocks that he recommends.


RE: UK Stocks - Watchlist and Discussion - isatrader - 2014-03-26

Attached is today's addition to the watchlist - ICP.L, watch for a breakdown below the trendline for a potential move into Stage 4A


RE: UK Stocks - Watchlist and Discussion - isatrader - 2014-03-26

Attached is today's addition to the watchlist - ICP.L, watch for a breakdown below the trendline for a potential move into Stage 4A


RE: UK Stocks - Watchlist and Discussion - Tryst - 2014-03-26

(2014-03-26, 02:05 PM)isatrader Wrote: Hi ChubbyHips2014, this is one the frequently asked questions, but I can't find the last post on it, so I'd recommend reading page 75 in the book again, which Weinstein refers to as his "Forest to the Trees" approach. As it lay outs the three step process of market, sector and then stocks that he recommends.

There is so much good content on this site, only problem is that it is scattered in amongst posts/threads. It would be good if this was aggregated, organised and posts...but that would take a lot of time Smile

A good example of good content is the discussion we recently had re. continuation patterns and entering stage 3.

What can cause a false breakout...

Two stocks, which have been posted here, which have showed potential good breakouts. One building a nice saucer bottom and another one, and one showing a potential stage 2 breakout, and then reversing. Both showed good volume on the breakout along with strong Mansfield Relative strength.

My question is, what else could cause these charts to have caused a false breakout and reverse?

I have attached the daily charts.

   

   


RE: UK Stocks - Watchlist and Discussion - Tryst - 2014-03-26

(2014-03-26, 02:05 PM)isatrader Wrote: Hi ChubbyHips2014, this is one the frequently asked questions, but I can't find the last post on it, so I'd recommend reading page 75 in the book again, which Weinstein refers to as his "Forest to the Trees" approach. As it lay outs the three step process of market, sector and then stocks that he recommends.

There is so much good content on this site, only problem is that it is scattered in amongst posts/threads. It would be good if this was aggregated, organised and posts...but that would take a lot of time Smile

A good example of good content is the discussion we recently had re. continuation patterns and entering stage 3.

What can cause a false breakout...

Two stocks, which have been posted here, which have showed potential good breakouts. One building a nice saucer bottom and another one, and one showing a potential stage 2 breakout, and then reversing. Both showed good volume on the breakout along with strong Mansfield Relative strength.

My question is, what else could cause these charts to have caused a false breakout and reverse?

I have attached the daily charts.