tag:blogger.com,1999:blog-19713238.post1219369451485139910..comments2023-11-05T06:41:02.893-05:00Comments on Wall St. Warrior: Dummy Gapper Trade - Akamai Technologies, Inc. (Public, NASDAQ:AKAM)TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-19713238.post-19430201262546223272008-08-01T17:16:00.000-04:002008-08-01T17:16:00.000-04:00Jamie,Is it advisable to avoid C&H on volatile...Jamie,<BR/><BR/>Is it advisable to avoid C&H on volatile gapper stock or it can be taken if the stock forms NRBs as the handle forms. The MA trade did not form any NRB's in the handle.<BR/><BR/>I think I found a C&H pattern today. Can you please visit my blog and check out the trade (http://daytradr.blogspot.com/). As always, I would love to hear what I should look out for, what to avoid, how I can improve.<BR/><BR/>I really appreciate your help.Day Tradrhttps://www.blogger.com/profile/10147979424429685251noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-45890394410675584632008-08-01T16:00:00.001-04:002008-08-01T16:00:00.001-04:00Thanks BLThanks BLTJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-57438416633362618892008-08-01T16:00:00.000-04:002008-08-01T16:00:00.000-04:00Day Tradr,For C&H , look for price and volume ...Day Tradr,<BR/><BR/>For C&H , look for price and volume contraction as the handle forms. The MA example from yesterday was a perfect C&H on 5 min. timeframe, however, because it formed on a volatile gapper stock, it was riskier.<BR/><BR/>Normally, look for NRBs as the handle forms. Volume picks ups just as the pattern is about to BO.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-3992632191783626742008-08-01T00:31:00.000-04:002008-08-01T00:31:00.000-04:00Thanks a lot Jamie. This concept is much clearer n...Thanks a lot Jamie. This concept is much clearer now.<BR/><BR/>I have never traded C&H but I see that you trade them quite often. I am trying to incorporate this pattern in my trading. There should be a volume contraction when the handle is being formed. Should there be a volume contraction at the base of the cup too? <BR/><BR/>I really appreciate you visiting the blog and commenting on the trade.Day Tradrhttps://www.blogger.com/profile/10147979424429685251noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-3125903396745463572008-08-01T00:30:00.000-04:002008-08-01T00:30:00.000-04:00Beautiful ditto with exclamation. Also 2/30" ibBeautiful ditto with exclamation. Also 2/30" ibblhttps://www.blogger.com/profile/00896711870488137533noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-61850507533349608372008-07-31T22:53:00.000-04:002008-07-31T22:53:00.000-04:00Day Tradr,Thanks for the vote of confidence. I ch...Day Tradr,<BR/><BR/>Thanks for the vote of confidence. I checked out your blog. I'll add it to my google reader.<BR/><BR/>There's a fine line between flag patterns and retracements. As a rule of thumb, the angle of the flag is about 30-35 degrees or less. Whereas a retracement can be very steep.<BR/><BR/>On your MA chart, I see a C&H pattern with a partial extension to 50%. When the pattern fails, it carves out 2 WRBs = flag pole. But the flag or retracement is quite steep, let's say 45 degrees. Therefore the breakout is not as fast and furious ie. no extended flag pole. It eventually gets the job done., but I would consider this setup a retracement as opposed to a true flag pattern.<BR/><BR/>All that to say, that if it retraces more than 38 -50%, it's probably not a real flag, but that doesn't mean that the setup is not good, it just means, it will take longer to achieve the target.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-12550845478713132762008-07-31T20:17:00.000-04:002008-07-31T20:17:00.000-04:00Forgot to mention the blog URL. It is http://daytr...Forgot to mention the blog URL. It is http://daytradr.blogspot.comDay Tradrhttps://www.blogger.com/profile/10147979424429685251noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-12578169425709941012008-07-31T20:16:00.000-04:002008-07-31T20:16:00.000-04:00I missed AKAM setup but when I saw later I was sur...I missed AKAM setup but when I saw later I was sure, you'll not miss this excellent setup :)<BR/><BR/>I have a question, related to flags. If the flag part is equal or more than 50%, would you still enter the trade on the breakout?<BR/><BR/>I am trying to learn from your trades and have started writing a blog/journal from today. It is fully inspired by your blog and trades. I would appreciate if you would take some time and visit my blog and comment where I made a mistake and/or could have done better OR how you would have executed the trade. I invite all others to please visit the blog and provide positive criticism. <BR/><BR/>Thanks in advance.Day Tradrhttps://www.blogger.com/profile/10147979424429685251noreply@blogger.com