REPUBLISHING UNTOUCHED CHART from Nov 22, 2011: "NUAN is the provider of the Siri assistant to the Apple iPhone and broke out around the time of the release of the G4. Now it is in a retesting phase and is a lower-risk entry here. Notice how volume is lower on the decline than on the rally, signifying profit-taking by traders, and resting by long term investors. As time develops and the fundamentals confirm the anticipation, NUAN may go on to another run to the highs and beyond. Stop loss parameters (use 3 average daily ranges down from entry) profit parameters (target 3 and 5 average daily ranges up from entry). I think the odds are better than average for this pattern and fundamental scenario." Nov 22, 2011 Technical Tim
Comments
samroach
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Agreed.
timwest
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Thanks samroach
timwest
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Looks like a very low-risk entry here on this pullback from 31 back to 25. $25.40 last. $22 major long term support.
charttrader
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Buying it at 25.25. Please keep updating your thought on this.
timwest
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This is a lose-lose proposition. If you win, I get nothing. If you lose, you lose. I don't want to know what anyone is doing with their money as it relates to following the ideas I post on here. Feel free to post that after the fact, but if you feel nervous about a trade, ask yourself why you do feel that way. Are you nervous? If nerves are present at every trade you take, then analyze that and what it means. All I can do is put my best foot forward and let the world know what I am seeing. But it is your trade. The risk on all my trades is 3 average daily ranges (ATR of 10 days). Cheers. Tim
charttrader
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Tim, i've been trading for 7 years without any noticible profit. Trading is interesting hobby for me and good training for the brains. I know that it is risky and almost never feel nervous when i lose:) I like you way of thinking and it's interesting for me to think about your ideas. For me it's not like covestor.com or currensee.com when people do not understand what they follow. Thanks.
timwest
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Dear chart trader - I appreciate your honesty and understanding. The only way to get better is to be honest about the challenges that keep you from making profits. If you ever try a trade journal, you may just find that this is the best thing you can do to help you become more aware of all of the factors that actually enter into a trade. By simply writing down all of the variables that you are taking into consideration and writing down your goal, your stop loss and any other reasons why you will get out of a trade, then you will come to be patient and wait for good trades to set up and to avoid trades that don't meet enough of your criteria. Trading is like choosing a date in many ways. There is no "right way" to do it and no "correct" way to be you, but you can improve on how relaxed you are while you are "on a date" and how to plan a date to match the environment, season, time of year, or day of the week. That may sound unusual, but trading is really just learning YOURSELF and how you respond to uncertainty and how you perceive the variables that are impacting your trading results. The sooner you are aware, the sooner you can be in control and then profit from what you see in the markets. To continue the dating analogy - Imagine the confidence of approaching a woman that you have carefully watched and waited for the right opportunity to approach, relaxed, knowing that it will work out whether she says "yes", "no" or "maybe". After enough "approaches" you will surely get a successful date. Just know yourself and what makes you tick, then you can master your environment.
Atlas_Marketing
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Thanks for tips. I really apreciate the conversation.
charttrader
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Tim, i totally agree. I also play poker and this is really similar to trading and to the ideas you described above. And thank you again for sharing your ideas.