+- Stage Analysis Forum - Trading & Investing using Stan Weinstein's Stocks Breakout method (https://www.stageanalysis.net/forum)
+-- Forum: Main Board (https://www.stageanalysis.net/forum/Forum-Main-Board)
+--- Forum: Stan Weinstein's Stage Analysis - Stock Charts, Technical Analysis, Learn to Trade, Stocks, ETF, NYSE, Nasdaq (https://www.stageanalysis.net/forum/Forum-Stan-Weinstein-s-Stage-Analysis-Stock-Charts-Technical-Analysis-Learn-to-Trade-Stocks-ETF-NYSE-Nasdaq)
+--- Thread: UK Stocks and ETFs - Watchlist and Discussion (/Thread-UK-Stocks-and-ETFs-Watchlist-and-Discussion)
Pages:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
RE: UK Stocks - Watchlist and Discussion - isatrader - 2014-10-15
(2014-10-15, 03:38 AM)nitrader Wrote: Hi Isatrader
I am looking to take my first SW trade.
At what part of a stage is it "too late" to take an entry position?
For example in the case of Sports Direct:
I believe the shares would be classed as Stage 4a ?
The Relative Strength is decreasing and below the 52 week average
It is from a sector which appears to be in Stage 4a
So all appears good for a short
I don't think there is any close resistance
BUT have I missed the ideal entry?
Hi nitrader, I've marked up the sports direct chart for you and included the weekly ichimoku cloud to give you visual assistance of where the resistance is on chart.
You have missed the ideal entry, as it would have been on the 26th Sept 14 imo, at the close of 620.5, as that's when it made a strong weekly breakdown that also cleared the late 2013 range resistance, and also completed a one year head and shoulders pattern. There was an earlier breakdown attempt back in late July, however it didn't clear resistance and immediately reversed and so would be discounted. Note how the volume contracted significantly on the right shoulder as it moved back higher towards the 200 day MA and then stalled without being able to recover the 200 day MA, and then as it rolled over the volume began to build again on the down weeks.
The secondary ideal entry point would be on a pullback to test the breakdown zone. However, you don't always get the pullback entry option, and so the other next entry point would then be when it consolidates for a while and then makes the further continuation to new lows.
I hope that helps.
RE: UK Stocks - Watchlist and Discussion (Premium) - nitrader - 2014-10-15
(2014-10-14, 11:33 PM)isatrader Wrote: ESNT.L - attempting a Stage 4A breakdown
I see that ESNT had a big drop today and over the last few days - is it better to wait for
a pullback now before placing an entry?
Andy
RE: UK Stocks - Watchlist and Discussion (Premium) - isatrader - 2014-10-15
(2014-10-15, 04:05 PM)nitrader Wrote: I see that ESNT had a big drop today and over the last few days - is it better to wait for a pullback now before placing an entry?
I try not to give direct stock advice as I'm not qualified for that. But advice based on my experience is that you shouldn't chase once a stock has moved too far beyond the breakdown point in order to create at least a risk reward of 1 to 3. So what that means is that the investor or trader stop loss distance as defined in the book should be at least three time smaller than the potential target, which can be determined by using the swing method from the book or point and figure targets as I like to use. Risk management is key to successfully using the method, and like anything worth doing, it takes a lot of time and practice to learn the method effectively.
RE: UK Stocks - Watchlist and Discussion (Premium) - nitrader - 2014-10-15
Thanks - the method looks so easy in the book
but having problems getting an entry position on actual charts - will do some more reading!
Andy
RE: UK Stocks - Watchlist and Discussion (Premium) - isatrader - 2014-10-15
(2014-10-15, 04:22 PM)nitrader Wrote: Thanks - the method looks so easy in the book
but having problems getting an entry position on actual charts - will do some more reading!
Andy
The shorting part of the method is especially difficult imo, as breakdowns move much quicker than breakouts. Personally I only trade long only using the investor method after years of experimenting with all parts of the method, as it suits my personality best, whereas as shorting is the short term traders domain that needs constant action, and hence requires a lot more screen time and excellent risk management.
One of the most important things to define is what are you - an investor or a trader? As you should focus on one only. Here's a good blog post from Mark Minervini, who is a successful trader that includes Weinstein's Stage Analysis methods in his trading model http://www.minervini.com/blog/index.php/blog/show/the_unavoidable_cost_of_success_in_the_stock_market
RE: UK Stocks - Watchlist and Discussion (Premium) - isatrader - 2014-10-15
For the UK watchlist tonight - CSR.L, WIN.L, TEF.L
And for the short watchlist - WGB.L, QQ.L, BGFD.L, JETG.L, BNZL.L, ROR.L, FRP.L, BARC.L, RGS.L, AHT.L, BSY.L
RE: UK Stocks - Watchlist and Discussion (Premium) - isatrader - 2014-10-16
Although a lot of reversals today (short term low maybe?), however, the scans still only found candidates for the UK short watchlist again, which are - DODT.L, SOM.L, GDWN.L, GLE.L, PRZ.L, SIM.L
RE: UK Stocks - Watchlist and Discussion - nitrader - 2014-10-17
Many thanks
