Sunrise Trader on His Market Approach


Warning: Missing argument 2 for wpdb::prepare(), called in /home/stocktwits/blogs/stocktwitsedge/wp-content/plugins/stocktwits-curation-station/stocktwits-curation-station.php on line 133 and defined in /home/stocktwits/blogs/stocktwitsedge/wp-includes/wp-db.php on line 992

Warning: Missing argument 2 for wpdb::prepare(), called in /home/stocktwits/blogs/stocktwitsedge/wp-content/plugins/stocktwits-curation-station/stocktwits-curation-station.php on line 136 and defined in /home/stocktwits/blogs/stocktwitsedge/wp-includes/wp-db.php on line 992

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.

Source: Chapter 21 – A Chart Will Never Lie to You by @SunriseTrader

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

blog comments powered by Disqus