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Hi,
That's my favorite pattern. Sharp down move, followed by correction and
renewed selling that doesn't make that much ground though. YOu feel lots
of bearish tension in the market, yet markets doesn't really move that
much: lots of bearish energy is spent for little effect. Buy breakout of
first upside pullback, especially if some news is about to get out, or
people start throwing in the towel.
Works on any time frame, is usually very powerful, and stop is clearly
defined, without being where every one else's stop is, namely at low.
On stocks, I can filter in addition with solid fundamental story to back
upside breakout
Cheers
Gwenn.
The Torch wrote:
> RT's
>
> I am doing some research for a paper and am curious to
> know what your favorite short term (1-5 day) patterns
> are to trade? And favorite indicator and how you use
> it.
>
> I would appreciate your insight as it will help me
> formulate my thesis on the subject of short term
> position trading and what most traders feel are the
> most valuable patterns to trade.
>
> If you would like you can send me a private Email if
> you do not wish to disclose your patterns or
> indicators.
>
> Thanks
>
> JS
>
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