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pangx623

Making breakout from pennant consolidation, volume behaving nicely. Clean&Renewable Energy showing signs of strength big time. You don't need to know what's going to happen next to make money ~Mark Douglas Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie

pangx623

1 1/2 month H&S bottom bullish pattern. Pull backs light and normal. Today's print is a hammer candle. You don't need to know what's going to happen next to make money ~Mark Douglas Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie

pangx623

Breaking out from a 3 month base. Buy the breakout now with a pilot position or wait for a minor technical pullback. You don't need to know what's going to happen next to make money ~Mark Douglas Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie

pangx623

Test with pilot position, 10% of full position. Beat earnings and revenue guidance. You don't need to know what's going to happen next to make money ~Mark Douglas Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie

pangx623 Updated 

Cup and Handle? VCP? Looks visually appealing. Sometimes the best setups I'm not able to assign words to it. Just a visually appealing pattern. You don't need to know what's going to happen next to make money ~Mark Douglas Anything can happen ~Mark Douglas

pangx623

Coming out of a 3 month consolidation. Volume extremely light on the latest pullback, signs of supply has dried up. You don't need to know what's going to happen next to make money ~Mark Douglas Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie

pangx623

Pre-earnings setup. Tight price action at the handle. You don't need to know what's going to happen next to make money ~Mark Douglas Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie

pangx623 Updated 

What the market is presenting: Neckline kiss setup Daily view shows one year distribution pattern Weekly view shows massive double top pattern You don't need to know what's going to happen next to make money ~Mark Douglas Anything can happen ~Mark Douglas

pangx623

Signs of accumulation on the right side of this ascending triangle formation JKS holding up nicely since March 2022 while the general market is going down Outperforming the SPY, Sector and Industry You don't need to know what's going to happen next to make money ~Mark Douglas Anything can happen ~Mark Douglas

pangx623 Updated 

Setup was nice. I missed the entry, no FOMO. Must now patiently wait for price to tighten up. There will always be a next train. Risk: 90 bps You don't need to know what's going to happen next to make money ~Mark Douglas Anything can happen ~Mark Douglas

pangx623 Updated 

Double top Volume profile showing a lot of supply Seasonal data favors downside until mid September Plan your trades before executing the trade. How much are you willing to bet? Where will you get out? How will you lock in profits? Risk: 60 bps Profit Protection: 3-Day Trailing Stop Rule (Peter Brandt) You don't need to know what's going to happen next to make...

pangx623 Updated 

VCP setup. Trend line breakout. Entry on FED day! Biotech industry made a double bottom with confirmation pivot reversal (see IBB & XBI ETF).

pangx623 Updated 

Cup and handle basing pattern. Huge institutional buying on handle breakout. Leader the past 5 days during general market panic sell. Risk: 80 bps Profit Protection: 3-Day Trailing Stop Rule (Peter Brandt) You don't need to know what's going to happen next to make money ~Mark Douglas Anything can happen ~Mark Douglas

pangx623 Updated 

4 month ascending triangle breakout and throwback into apex Pocket Pivot breakout Mini 3C (cup completion cheat) setting up Risk: 180 bps You don't need to know what's going to happen next to make money ~Mark Douglas Anything can happen ~Mark Douglas

pangx623

High volume throwback to the breakout likely was a shakeout move. Risk: 90 bps You don't need to know what's going to happen next to make money ~Mark Douglas Anything can happen ~Mark Douglas

pangx623 Updated 

Price is moving up from the 9 month support level. Two bear traps in May and June and now price is breaking out. Formulate a plan with solid money management. What if it doesn't work out? How will you respond? Define how much you're willing to bet. Anything can happen (Mark Douglas) Risk: 180 bps Profit Protection: 3-Day Trailing Stop Rule (Peter Brandt)

pangx623 Updated 

Pull back from a solid base. Opportunity to pilot a small position and watch price action. Energy sector is the only game in town.

pangx623 Updated 

Triangle consolidation setup. Main trend is down. A 5:1 reward/risk opportunity. Take profits fast as sentiment is at extreme bearishness. The world is ending, inflation is out of control, war, interest rates etc etc..