Technical Analysis by icucTrader

Do you see what I see?

Saturday, December 18, 2010

$MCGC - Ascending Triangle (⊗)

Update: No breakout above $7.40. Click here for updated chart

Posted by icucTrader at 7:25 PM

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About Me

icucTrader: Hi, I am a swing trader that started this website as a way to improve and track my chart skills. I use the chart pattern to find the entry and exit points. I'm currently concentrating on Bio Stocks. I continue to work hard to improve my skills, learn my lessons and aim to become a better trader each and every day.

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Stock Patterns

Ascending Triangle (54)
Cup and Handle (10)
Flag (7)
Symmetrical Triangle (4)
Double Bottom (3)
Pennant (2)
Descending Triangle (1)
Falling Wedge (1)

Pattern Status

Total (84)
Success (39)
Failure (25)
No Breakout (12)
In Play (7)

Pattern Failed with +5% gain

5% Gain (14)

Symbols Used

✔ - Target Reached

⊗ - No Breakout / Target Not Reached

Archive

► 2011 (36)
- ► August (1)
- ► July (5)
- ► June (8)
- ► April (1)
- ► February (1)
- ► January (20)

▼ 2010 (49)
- ▼ December (30)
- ► November (18)
- ► October (1)

For Successful Trading

1. You need the passion for the stock market.You have to spend a lot of time learning how to do better each time.

2. You need a business plan before you start executing trades.

2. You need to take risk but you should know how much you can risk for each trade. Not all the trades will be successful.

3. You need to control your emotions and greed. Never wait for the home run.

4. You need to wait for the right opportunity to play. Just don't pick any stock and play when you are not comfortable.

Disclaimer:

The information on this blog is provided for informational purposes only. The author of this blog is not a licensed financial advisor and will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on the content of this website. Under no circumstances does this information represent an advice / recommendation to buy or sell or hold any security.

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