3SOF

Quote from: sebfr on December 12, 2005, 06:05:59 AM
Hi,

some words about Cup and Handle : a chart pattern with a high accuracy...

Definition :
A pattern on bar charts resembling a cup with a handle. The cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern has low trading volume. It can be as short as seven weeks and as long as 65 weeks.

As the stock comes up to test the old highs, the stock will incur selling pressure by the people who bought at or near the old high. This selling pressure will make the stock price trade sideways with a tendency towards a downtrend for four days to four weeks... then it takes off. Below is an example of a cup and handle chart pattern:

A couple points on trying to detect cup and handles:   Length - Generally, cups with longer and more "U" shaped bottoms, the stronger the signal. Avoid cups with a sharp "V" bottoms.    Depth - Ideally, the cup should not be too deep. Also, avoid handles which are too deep since the handles should form in the top half of the cup pattern.    Volume - Volume should dry up on the decline and remain lower than average in the base of the bowl. It should then increase when the stock finally starts to make its move back up to test the old high.    Retest (of old high) - doesn't have touch or come within a few ticks of old high. However, the further the top of the handle is away from the highs, the more significant the breakout needs to be.

Sebfr,

Nice explanation.  It made me realize I've been looking at an alert for this for sometime in my scanning tool but only now realize its for cups and handles - they just call it something else:  false gap retracement.  Here's a manually refreshable list that's real-time during the market:
http://www.trade-ideas.com/SingleAlertType/FGUR/False_gap_up_retracement.html

Here's their definition: http://www.trade-ideas.com/Help.html#FGUR

thanks again

Quote from: usedcasting on December 19, 2005, 02:01:40 PM
Hey Sebfr, great thread, thanks.

Here's ANLY as a Double bottom candidate.

Have a great day

uc.

After spending a week in Vegas and way too much money, all I see when I close my eyes at night are ... double tops.

But here are the bottoms I'm looking at (anytime): http://www.trade-ideas.com/SingleAlertType/GDBOT/Double_bottom.html

Quote from: OneGreater on December 19, 2005, 03:48:57 AM
Nice thread Sebfr and thanks for the links Atl_Trader!

Hey, it's a big enough market for all of us!

Quote from: sebfr on December 18, 2005, 05:47:03 PM
Oupsss

I would like to say 0.020-0.025 !!

Thanks for your remark

Results anytime: http://www.trade-ideas.com/SingleAlertType/GHAS/Head_and_shoulders.html

Inverted too: http://www.trade-ideas.com/SingleAlertType/GHASI/Inverted_head_and_shoulders.html

Quote from: atl_trader on July 13, 2005, 02:14:58 PM

Quote from: eliteG on July 13, 2005, 12:33:55 AM
Hey atl_trader  (I'm in atlanta too)

Thx for the links.  Can you tell me how you use these trade ideas alerts?  Just for study or do you get realtime gap fade alerts?

I checked the links and it seems that a lot of these don't have the volume or the neccessary gap distance is that something you can set for it to look for.

coo 

That's great! I keep things moving in Midtown on Peachtree.

That's how I use the system ... I pick those alerts and then I can make all kinds of filter requirements based on volume (daily, current relative volume, etc.) or volatility or base on price (position in daily range, year range, MAs, etc.)

I dont think you'll see all the symbols in this alertwindow without signing up for the trial, but this is what I am looking at this morning:
http://www.trade-ideas.com/View.php?O=18300000000_3d_0&QGUR=.25&QGDR=.25&QFGDR=75&QFGUR=75&MaxPrice=66&MaxSpread=10&MinVol=300000&MinRV=1.4&WN=Gap+Alerts+on+Volume

I've added another strategy that is like a bloodhound in the way it finds whats in a strong trend - these candidates gap up from yesterday's close by at least $0.05 or more but no fading these:
http://www.trade-ideas.com/View.php?O=2a20000000000000000000000_3d_0&QRUI=2.5&QSBOC=2&QFDP=2&MinPrice=3&MaxSpread=10&MinRV=1&MinFCD=.05&MaxLR130=0.35&MinConDays=2&MinRCon=55&WN=Strong+Trend+Candidates

with out the free trial i think you'll see every 5 alert or so.  But when I ran this on Friday - I feasted on GMA and ENH

Looks like a great find.  Especially like the support level - looks like its been well tested.  Here's some additional technical flavor for RITA:

http://www.trade-ideas.com/StockInfo/RITA/RITA_MED_SYS_INC_DEL.html

Good volatility too

Pre-market highs are here:
http://www.trade-ideas.com/SingleAlertType/HPRE/Pre-market_highs.html

lows are found here:
http://www.trade-ideas.com/SingleAlertType/LPRE/Pre-market_lows.html

free to refresh too

Here's my 2 cents:
http://www.trade-ideas.com/StockInfo/EGHT/8X8_INC_NEW.html

Notables:
Closed up for the previous 4 consecutive days
Range expanding

Quote from: lojze on July 19, 2005, 12:59:28 PM
News today:

09:19  GIGA Giga-tronics announces Israel Ministry of Defense contract award (4.71 )

Co announces that through a joint effort of its Microsource and ASCOR subsidiaries, it has received an order valued at approx $2.0 mln for compact high performance synthesizers and VXI slots for use in military communications systems.

it was a great stock today - reminded me of how things used to be

Here's my list of gap faders - it refreshes during market hours:
http://www.trade-ideas.com/SingleAlertType/GUR/Gap_up_reversal.html

I play the continuation of these.

Quote from: eliteG on July 11, 2005, 11:07:25 AM
Hey agatto2, these gap fades are very rule specific plays which make them, in my opinion, extremly safe and almost easy.  I'll break it down for you:

1.  Find gapping stocks
          -I like to find stocks that have gapped up and fade that gap, or short them but you can do the opposite with stocks that have gapped down and fade them long.

2.  I look for the gap to go outside of the BB(Bollinger Bands), $10-$40 price range, at least 200,000 volume at that time of day which is almost right at open.  This gives you a fast exit(liquidity)

3.  Some people use the break of the first 5-min bar to go short or you can use an inside candle that forms(i like this way a lot)

4.  trigger is immidiate break of that 5min bar low, or inside bar low

5.  stop is very tight, high of day at that point or top of inside candle.

6.  target is the close of the gap but you dont need to wait for all of it since it can be a huge gain anyway.  take 1/2 profits if you feel support coming on.

7. these play usually dont last more than 1.5 hours and I have had plays that only last a few min.

8.  this is an awesome tool to every traders arsenal 

I just reread these rules - thanks for putting them on 'tablets' and bringing them down the mountain!  Great traders always have a plan and rules to live and die by - I think what's here is great stuff.  I even tried to model it and think I came close.  Without a trial you'll only see a few of the symbols that come through:
http://www.trade-ideas.com/View.php?O=804002c000000010100000020_3d_0&QNLPF=1&QGUR=.25&QFGUR=51&QPFH75=.25&QPFH25=.25&QRDI=2&MinPrice=10&MaxPrice=40&MaxSpread=10&MinVol=200000&MinRV=1.4&MinGUD=.25&MinBoll=99&MaxCount=20&WN=EliteG+Fade+the+Gap+Alerts

Quote from: eliteG on July 13, 2005, 12:33:55 AM
Hey atl_trader  (I'm in atlanta too)

Thx for the links.  Can you tell me how you use these trade ideas alerts?  Just for study or do you get realtime gap fade alerts?

I checked the links and it seems that a lot of these don't have the volume or the neccessary gap distance is that something you can set for it to look for.

coo 

That's great! I keep things moving in Midtown on Peachtree.

That's how I use the system ... I pick those alerts and then I can make all kinds of filter requirements based on volume (daily, current relative volume, etc.) or volatility or base on price (position in daily range, year range, MAs, etc.)

I dont think you'll see all the symbols in this alertwindow without signing up for the trial, but this is what I am looking at this morning:
http://www.trade-ideas.com/View.php?O=18300000000_3d_0&QGUR=.25&QGDR=.25&QFGDR=75&QFGUR=75&MaxPrice=66&MaxSpread=10&MinVol=300000&MinRV=1.4&WN=Gap+Alerts+on+Volume

Quote from: eliteG on June 15, 2005, 02:17:08 PM
I will try to post something here today.  Anybody else have any gap fades?

Here's a list of recent ones:
http://www.trade-ideas.com/SingleAlertType/GUR/Gap_up_reversal.html

This one was pretty amazing from Tuesday - especially the continuation after crossing the open:
Y 07/12/2005, 03:57:32 PM Gap reversal, Gap=+1.25, 1.01 gap continuation.

Quote from: eliteG on June 10, 2005, 09:44:44 AM
I find gaps using Realtick or just in yahoo.  Many sights show the morning gaps.

then a quick visual on the chart... today I'll just post the intraday fades that worked... something to study 

Here's what I use:
http://www.trade-ideas.com/Help.html#wsf_MinGUD

I also like false gap retracements as these often indicate a good direction:
http://www.trade-ideas.com/SingleAlertType/FGUR/False_gap_up_retracement.html

Quote from: Melf Elf on July 01, 2005, 04:03:36 PM
ECIL closed at 8.34, on only 79,000 shares traded in the pre-holiday market.  I'll hold it.

Long from 8.32.  Stop: a CLOSE (or obvious late day tank) below 8.00



http://ts-lc.sc8.finance.lycos.com/1119943856203?User=demo&Pswd=demo&DataType=GIF&Symbol=NASDAQ:ECIL&Interval=D&Permission=1000&Ht=400&Wd=600&Display=2&Study=MA&Param1=50&Param2=0&Param3=9&FontSize=10&LocaleID=0x0409

There's Strong consolidation (Improving). $8.10-8.12. Shares: 83,763. Time: 3 hours 27 minutes as of the close today.
Volume Weighted Volatility:  $0.0279 / 15 minutes 
The trend seems to be continuing.