Comments on: Love Triangles

By: The Market Knows Something I Don't | A Trade A Day

The Market Knows Something I Don't | A Trade A Day — Thu, 21 Feb 2008 07:02:50 +0000

[...] like countless blogs are tracking the symmetrical triangle that has formed. I did a quick scan of the Dow 30 components and it’s interesting to see the [...]

By: Trading Ideas for 2/18 | A Trade A Day

Trading Ideas for 2/18 | A Trade A Day — Mon, 18 Feb 2008 07:04:51 +0000

[...] finally starting to see the consolidation I’ve wanted. Unfortunately for me, the symmetrical triangle that is forming doesn’t tell me which way the market is going to break. My gut says [...]

By: gustavo

gustavo — Sat, 16 Feb 2008 19:06:31 +0000

Very Thank You for share your setups and for the excellent blog, I wish for you the best luck.
I am a newcomer here and is very good have to you in my Firefox favorites.
Congratulations!!!

By: bob

bob — Wed, 09 Jan 2008 21:36:09 +0000

I have triangle like this

By: Cool Guy

Cool Guy — Fri, 04 Jan 2008 06:44:22 +0000

Great title for your post, very creative!

By: Jonathan

Jonathan — Fri, 04 Jan 2008 02:46:01 +0000

Hey Bubs,

One of the patterns that I day trade is when the stock gaps at the open, consolidates, and then moves. If the stock gaps up, forms a triangle, and moves higher, I take the trade above the triangle. Reverse it if the stock gaps lower,

I think I was a little distracted when I wrote this as WVU was kicking the crap out of OU at the time.

This little pattern deserves its own post with charts.

Hope my explanation was clear.

By: Bubs

Bubs — Fri, 04 Jan 2008 02:32:30 +0000

What do you mean by opening gap up + intraday ascending triangle = profit? Do you mean a gap up or below the breakout point?