Uptrends
Posted on Thursday, May 29th, 2008 | In Current Market News, Stocks to Watch
Contributed by: Brian Shannon (http://alphatrends.blogspot.com) -
are defined by higher highs and higher lows. The uptrend on the daily timeframe in Sina Corp (SINA) is now confirmed by the uptrend on the 5 minute chart below. When it comes to taking profits everyone has different styles they are comfortable with, I like to sell into strength and hold partial balances for larger moves. Trend traders should use the very definition of trend for setting stops, which timeframe you decide to base those stops on is up to you. My book shows how to identify trades such as this one and then manage risk and determine where to take profits.
Last 5 posts by Brian Shannon
- Stock Market Video Trend Analysis 3/9/09 - March 9th, 2009
- Stock Market Video Trend Analysis 2/6/09 - February 6th, 2009
- Stock Market Video Trend Analysis 2/5/09 - February 5th, 2009
- Stock Market Video Trend Analysis 2/3/09 - February 3rd, 2009
- Stock Market Video Trend Analysis 2/2/09 - February 2nd, 2009
 About Brian Shannon (http://alphatrends.blogspot.com)
Brian Shannon is a full time trader who shares his market experiences on the highly popular alphatrends.blogspot.com site. Alpha trends has been called "the youtube of technical analysis" by Technical Analysis of Stocks & Commodities Magazine (March 2007) and has been praised in Barron's (October 23, 2006) and Active Trader Magazine (July 2007). Brian trades an account at www.worldcupadvisor.com since March 2006 and in that time has more than tripled the results of the S&P 500. He can be reached at alphatrends@gmail.com |
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