Comments on: Perfect Bear Flag Example Intraday SPY Jan 29

By: philzuco

philzuco — Sun, 31 Jan 2010 06:14:06 +0000

I've got another one for you on the daily charts. Punch up URE (Ultra Real Estate ETF). Ready, locked and loaded for short-selling on Monday. It doesn't get more classical than that. I urge you to post that one on the site Corey.

Cheers,

Phil

By: philzuco

philzuco — Sun, 31 Jan 2010 00:14:06 +0000

By: ibiza2000

ibiza2000 — Sat, 30 Jan 2010 17:29:52 +0000

Nice post. I caught the bear flag in real-time. But unfortunately I took profits before it made the target! I still have problems staying clear-headed while trading, and as it hit the earlier low and made a weak bounce I started thinking double bottom, momentum divergence, tick divergence and got out. Dammit!!! At least I didn't go long and give back what profit I did have LOL. I tell ya, this stuff sure ain't easy.

By: Richard Grissom

Richard Grissom — Sat, 30 Jan 2010 03:46:35 +0000

Saw this real time today, used 5 min TICK to short Crude on pull backs on down trend.
Thanks Corey it all came together today! Popped stops, Fib Extensions, and trend lines!!
Used 5 min, 15 min, and 1 hour charts!! Thanks again!

By: Dominick

Dominick — Sat, 30 Jan 2010 03:25:45 +0000

Hey Corey, great post. I have been waiting for a recent 1 or 5 min. intraday post with a Tick example to compare to my trading software.

And now for the inevitable question.

I have only been observing the Tick for only a couple of weeks now and this is by no means a scientific study on my part but, I have noticed that price tends to reverse (more on the 1 min. chart) at or around the more extreme Tick highs/lows. Above + 1000 or below -1000. Add in a little divergence on the Tick and the 3/10 and it seems to be a decent signal. Yours Thought?

Thanks again. Enjoy the weekend.