Sunrise Trader on His Market Approach
- Posted by Ivaylo Ivanhoff
- on August 15th, 2011
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I prefer to trade stocks that are leaders in their respective sectors. I like stocks that break to new highs early in a market uptrend because they often become leaders. I like patterns that base and continue, base and continue. Examples include but are not limited to: continuation flags, continuation pennants, high and tight flags, channel breakouts and triangles setups in a bullish trend that have touched the top of their base at least 3 times and begin to base around the 50ma. Wash, Rinse, Repeat.
I work hard at reading the ‘right side’ of the chart. You know, the blank side, the side yet to be determined. This is another area where if this-then that question can help you be prepared. I will always be on the Yellow Brick Road, slouching toward OZ. Allowing the charts to tell me their story.
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