Recently Closed Trades
12-29-17 AMZN +45%
12-27-17 TSLA +44%
12-26-17 NVDA +89%
12-26-17 USO +113%
12-26-17 NVDA +62%
12-26-17 USO +93%
12-21-17 SPX +55%
12-19-17 PCLN +128%
12-18-17 PCLN +117%
12-15-17 AAPL +31%
12-15-17 MSFT +25%
12-15-17 BABA +93%
12-12-17 C +68%
12-12-17 SPX +72%
12-11-17 SPX +29%
12-11-17 TSLA +64%
12-8-17 C +26%
12-8-17 MU +125%
12-7-17 SPX +47%
12-7-17 TSLA +150%
12-5-17 FB +43%
12-4-17 SPX +120%
12-4-17 NVDA +90%
12-1-17 AMZN +118%
11-29-17 TSLA +73%
11-29-17 IWM +118%
11-28-17 BAC +183%
11-28-17 IWM +66%
11-28-17 C +117%
11-28-17 TSLA +96%
11-28-17 TSLA +72%
11-24-17 TWTR +72%
11-24-17 AMZN +78%
11-22-17 AMZN +111%
11-21-17 TWTR +46%
11-21-17 SPX +122%
11-16-17 BABA +105%
11-15-17 SPX +89%
11-15-17 TSLA +105%
11-13-17 MU +75%
11-13-17 NFLX +49%
11-13-17 TSLA +75%
11-9-17 PCLN +100%
11-9-17 SPX +70%
11-9-17 SPX +29%
11-8-17 GS +100%
11-7-17 DIS +50%
11-7-17 SPX +45%
11-6-17 WYNN +91%
11-6-17 SPX +41%
11-2-17 TSLA +40%
11-1-17 GOOGL +70%
11-1-17 NVDA +22%
11-1-17 BIDU +58%
Confirmation Guidelines for Stock Chart Pattern Technical Events
Do Stock Chart Pattern Set-ups always work?
The short answer is, No.
Why? Because 80% of all stock trading on US exchanges originate from algorthmic automated trading system orders that are executed when a pre-defined set of specific technical parameters have been met that quantify not only price action and fundamentals but also intergrate technical events such as stochastics, relative strength, moving averages, charts patterns and dozens more into a quantifiable forecasting model.
Each chart pattern that forms is never a valid pattern until it has been confirmed by specific quantifiable parameters explicite to the underlying stock, depending on the stock itself as many HFT stocks have developed their own unique set of trading parameters
A great example of confirmation of a stock chart pattern is Micron (MU) from the chart posted to our live stream on 12-7-17 on right:
Micron had printed an inverse head and shoulders pattern (Head & Shoulders Bottom) but just because your software has identfied a stock chart pattern doesn't mean it will do what you think it will do unless the pattern is confirmed. In this case Micron (MU) has historically shown that when this particular pattern forms the relative strength, CCI, MACD & ATR indicators are all in favorable positions) once price has closed above 42 it would generate a buy signal for a measured move from $42 to $44
(time stamped gains posted to the left)
Now, that may not sound like much of a move at first glance however if you knew that this pattern had a high probablity of playing out and it would reach your target in the specified time frame you could have easily turned $5,000 into $12,500 in less than 24 hours as many of our members did from the alerts on our time stamped twitter stream we have for subscribers to our trading alerts.
Don't misunderstand, not bragging, just being honest and sharing with you how confirmed technical events can greatly mitigate risk while putting yourself on the same side of the trade as the HFT investing groups
(high frequency trading)
Another great of example as to why chart patterns need to be confirmed before taking action is Tesla (TSLA) on 12-27-17 appeared to forming a double top as well as a descending triangle and had you tried to short this company based on these unconfirmed patterns you would have wiped out a portion of your trading capital.
What stood out at the time was the ascending wedge pattern that had formed within the other 2 patterns that anticipated a drop to 300 and that came to fruition that day but the bearish pattern failed to confirm so here's what we did:
So instead if shorting TSLA we alerted our members that a double bottom pattern (a double bottom pattern confirms as a valid signal when the price closes above the highest point of the pattern 3 times consecutively (DT rules)) was likely coming to fruition so we alerted our members in real time as we went long TSLA call options and booked another 150% on 12-7-17 (after booking 492% cumulative gains on the move down to our buy zone)
