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Re:Pattern Trading : Short SIMSCI 25-May-2006

by Gav Leave a Comment

It was nice to have a descending triangle price setup. Short position was taken.
Position was established at 288 and closed at 286.1 as trailing stop was triggered.
Gain 1.9.

Filed Under: Old blog archive

Reader Interactions

Comments

  1. TopTrader says

    at 6:07 pm

    Seems this triangle is not standard and too small. The double bottom in the same chart seems more established.

    Reply
  2. TopTrader says

    at 12:07 am

    Seems this triangle is not standard and too small. The double bottom in the same chart seems more established.

    Reply
  3. Gav says

    at 6:35 pm

    Correct, my pattern trading is not the conventional chart patterns that showed in the book. These trades are established based on my experience.

    The pattern was developed real time, i.e I did not know what was going to happen at the right side of chart. base on the formation, I made my trading decsision.

    Reply
  4. Gav says

    at 12:35 am

    Correct, my pattern trading is not the conventional chart patterns that showed in the book. These trades are established based on my experience.

    The pattern was developed real time, i.e I did not know what was going to happen at the right side of chart. base on the formation, I made my trading decsision.

    Reply

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