How I follow the price action on $SFMI with The AB
Post# of 16
Posted On: 08/14/2013 7:36:49 PM
Re: mrscashflow #5
How I follow the price action on $SFMI with The ABCD price formation.....
Which clearly shows for me, how ACBD W-formation strategy provides the best future price locations within new price pattern.
(((Hump Day is $SFMI's favorite day of the week charted below)))
http://www.youtube.com/watch?v=aLHCkCjR9sM
For $SFMI the best extreme day
of the week are Wednesday's
Today's close was the previous close @ .0085
today is a successful bottom .0089 X .0085
I use the Zig Zag overlay to outline the price action W-Formation.
The price labels reports the extreme prices within the pattern it connect significant tops and bottoms on a price graph the price must move in order for a new "zig" or "zag" to appear.
If I'm trading this pattern, I would calculate each leg then buy shares according to that movement percentage of each leg, using the first leg as a guide to enter @ A to B of the first leg.
The successful double bottom on D) .003 is the ultimate entry of
any stock chart.
The price .009 opened above the previous close .0085
$SFMI is in an uptrend since July 29, 2013
RSI 53
Pivot Point .006
Parabolic SAR confirms $SFMI Trending up
Zig Zag (no parameters)
Example: July 15, 2013 using time frame of 3 month chart outlining a complete pattern of 'w'-formation price pattern action for entries and exits.
Using a 3 month since late July what I am looking for.....
My favorite first filters I use are:
Chart Type: Candlesticks I like to eyeball the price action
Overlays:
Parabolic SAR (searching for the trend is it up or down)
Pivot Points (looking for price points within the pattern)
Zig Zag (draws the outline the W-pattern location connecting significant tops and bottoms on a price graph
Indicators:
RSI (Signals overbought when above consider selling 70 or above and buy in signals oversold when below 30 consider buying just above. RSI can also be used to identify the general trend.
MACD ((Moving Average Convergence/Divergence)is one of the simplest and most effective momentum indicators available.
Accum/Distribution with 20 Day parameter (measure the cumulative flow of money into and out of a stock)
http://stockcharts.com/h-sc/ui?s=SFMI&p=D...5030452417
The pattern always starts at the Upper-Left new pattern 7/15th
the price topped @ Pivot
Exit @ A).0068 to Enter @ B).0031 Exit @ C) .0031 Enter @ D) .003 Best entry
Strategy: ABCDA a completed pattern the price will make new highs or pullback maybe a correction below the pivot price.
(a successful double bottom is created when the right-side bottom of @.003 the W-Formation patter price is lower than the left-side .0031 of the double bottom.)
In this price pattern July 15th the price created a "Successful Double Bottom" this type of double bottom most of the time creates a Bullish run the price ran up for 5 straight trading days on heavy buying volume July 24th.
I love to analyze my charts piece by piece I find tips for instance the best extreme highs and lows appears to be on Wednesdays
The previous W-price formations starting on July 15th @ .0068 Mon
(B&D) Successful Double Bottom @ .0031 7/14 Wed
Last leg of a Successful Double Bottom @ .003 Wed
The Double Top of a completed w-Formation @ .008 8/7 Wed
SFMI reached a Double Top @ .008 exit only ((IF)) the price drops below the Pivot if the strategy is a Trade.
I believe today's close .0085 should be a up day tomorrow
3 month
http://stockcharts.com/h-sc/ui?s=SFMI&p=D...2076524427
Market Outlook
The bulls are in full control. The negative sentiment that led to the last bearish pattern
has evaporated. Besides, the signal is suggesting to STAY LONG. It is best to follow the signal and continue to hold this security. http://www.americanbulls.com/SignalPage.aspx?...icker=SFMI
New price pattern started @ 0.0110 on Aug 7, 2013
on huge buying volume like June 26th Wed price pattern completed confirmed .01
-------------------------
Market Outlook
The bulls are in full control. The negative sentiment that led to the last bearish pattern
has evaporated. Besides, the signal is suggesting to STAY LONG. It is best to follow the
signal and continue to hold this security.
http://www.americanbulls.com/SignalPage.aspx?...icker=SFMI
8/9/2013 Daily Average .0095-.0096
The price is just above the pivot .009
1.The blue and red lines crossed with
the blue line on top Bullish
in the cloud "far right side" of the chart
see the green line crossing over the
red line "in the future" at S1 .007
turning Bullish
2.Parabolic SAR read dots under the price .007
breaking away from the group I call a breakout
3.RSI above 50
4.ADX Bullish
5.Force Index Bullish
6.MACD Bullish trending up
7.Accum/Dist more buyer Vs sellers since July 23, 2013
8.CCI above -0- @ 148.66
I try to remember to look ahead not only focus on
the current price. The current is a done deal where
is the price going is what I like to know. the
Ichimoku Clouds provide that information for me ;-D
Fill The Chart
http://stockcharts.com/h-sc/ui?s=SFMI&p=D...6656432915
1 month
http://stockcharts.com/h-sc/ui?s=SFMI&p=D...9397809925
Which clearly shows for me, how ACBD W-formation strategy provides the best future price locations within new price pattern.
(((Hump Day is $SFMI's favorite day of the week charted below)))
http://www.youtube.com/watch?v=aLHCkCjR9sM
For $SFMI the best extreme day
of the week are Wednesday's
Today's close was the previous close @ .0085
today is a successful bottom .0089 X .0085
I use the Zig Zag overlay to outline the price action W-Formation.
The price labels reports the extreme prices within the pattern it connect significant tops and bottoms on a price graph the price must move in order for a new "zig" or "zag" to appear.
If I'm trading this pattern, I would calculate each leg then buy shares according to that movement percentage of each leg, using the first leg as a guide to enter @ A to B of the first leg.
The successful double bottom on D) .003 is the ultimate entry of
any stock chart.
The price .009 opened above the previous close .0085
$SFMI is in an uptrend since July 29, 2013
RSI 53
Pivot Point .006
Parabolic SAR confirms $SFMI Trending up
Zig Zag (no parameters)
Example: July 15, 2013 using time frame of 3 month chart outlining a complete pattern of 'w'-formation price pattern action for entries and exits.
Using a 3 month since late July what I am looking for.....
My favorite first filters I use are:
Chart Type: Candlesticks I like to eyeball the price action
Overlays:
Parabolic SAR (searching for the trend is it up or down)
Pivot Points (looking for price points within the pattern)
Zig Zag (draws the outline the W-pattern location connecting significant tops and bottoms on a price graph
Indicators:
RSI (Signals overbought when above consider selling 70 or above and buy in signals oversold when below 30 consider buying just above. RSI can also be used to identify the general trend.
MACD ((Moving Average Convergence/Divergence)is one of the simplest and most effective momentum indicators available.
Accum/Distribution with 20 Day parameter (measure the cumulative flow of money into and out of a stock)
http://stockcharts.com/h-sc/ui?s=SFMI&p=D...5030452417
The pattern always starts at the Upper-Left new pattern 7/15th
the price topped @ Pivot
Exit @ A).0068 to Enter @ B).0031 Exit @ C) .0031 Enter @ D) .003 Best entry
Strategy: ABCDA a completed pattern the price will make new highs or pullback maybe a correction below the pivot price.
(a successful double bottom is created when the right-side bottom of @.003 the W-Formation patter price is lower than the left-side .0031 of the double bottom.)
In this price pattern July 15th the price created a "Successful Double Bottom" this type of double bottom most of the time creates a Bullish run the price ran up for 5 straight trading days on heavy buying volume July 24th.
I love to analyze my charts piece by piece I find tips for instance the best extreme highs and lows appears to be on Wednesdays
The previous W-price formations starting on July 15th @ .0068 Mon
(B&D) Successful Double Bottom @ .0031 7/14 Wed
Last leg of a Successful Double Bottom @ .003 Wed
The Double Top of a completed w-Formation @ .008 8/7 Wed
SFMI reached a Double Top @ .008 exit only ((IF)) the price drops below the Pivot if the strategy is a Trade.
I believe today's close .0085 should be a up day tomorrow
3 month
http://stockcharts.com/h-sc/ui?s=SFMI&p=D...2076524427
Market Outlook
The bulls are in full control. The negative sentiment that led to the last bearish pattern
has evaporated. Besides, the signal is suggesting to STAY LONG. It is best to follow the signal and continue to hold this security. http://www.americanbulls.com/SignalPage.aspx?...icker=SFMI
New price pattern started @ 0.0110 on Aug 7, 2013
on huge buying volume like June 26th Wed price pattern completed confirmed .01
-------------------------
Market Outlook
The bulls are in full control. The negative sentiment that led to the last bearish pattern
has evaporated. Besides, the signal is suggesting to STAY LONG. It is best to follow the
signal and continue to hold this security.
http://www.americanbulls.com/SignalPage.aspx?...icker=SFMI
8/9/2013 Daily Average .0095-.0096
The price is just above the pivot .009
1.The blue and red lines crossed with
the blue line on top Bullish
in the cloud "far right side" of the chart
see the green line crossing over the
red line "in the future" at S1 .007
turning Bullish
2.Parabolic SAR read dots under the price .007
breaking away from the group I call a breakout
3.RSI above 50
4.ADX Bullish
5.Force Index Bullish
6.MACD Bullish trending up
7.Accum/Dist more buyer Vs sellers since July 23, 2013
8.CCI above -0- @ 148.66
I try to remember to look ahead not only focus on
the current price. The current is a done deal where
is the price going is what I like to know. the
Ichimoku Clouds provide that information for me ;-D
Fill The Chart
http://stockcharts.com/h-sc/ui?s=SFMI&p=D...6656432915
1 month
http://stockcharts.com/h-sc/ui?s=SFMI&p=D...9397809925
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