Millionaire Calculator

Very interesting calculator.

One trade

My Entry was :77.19 and exited :78.33 .I was talking to some of my students yesterday about support resistance in intraday trading,this was a live example how previous resistance can become support.

Descending Triangle

I was reading an artical ,it claimes that pattern doesn't work in day trading accorditing to him Pattern only works in swing trading(i mean in daily chart).This posting for him ,he should come and see this pattern.

New set up

The main focus of this set up is consolidation near yesterdays high and other set up is very similar to this one but the difference is ,we look for consolidation near that days high .

Head and shoulder reliable reversal pattern

Head and shoulder pattern

Head and Shoulders (H&S) is the most common and reliable reversal pattern. H&S pattern appears at the end of a bullish trend. Typically, it takes at least two to three months to complete and sometimes much longer. When a stock breaks below the neckline, there is no longer any support and very rapid declines can occur, often on increasing volume.

1. A confirmed head and shoulders formation offers an excellent shorting opportunity.
2. It can also provide an early warning sign for those with long positions to sell quickly.

Missed a nice clean set up