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Thanks for that tech/a. I PM'd get better and said the same things although your reply is a bit more informative.

Yes, there is no system being trading in this thread. It's purely discretionary. We select charts with good up trends and find a low risk opportunity to buy and let the trend continue.

Let me try and clarify what I'm looking for in a chart for this thread.
I'm looking for the first or second small pullback or consolidation in an established up trend.

(i) A trend starts from a break-out of a horizontal level of resistance. Occasionally it might be acceptable to use a sloping resistance line. (refer to Gordon7 thread for examples)

(ii) Once that happens we are looking for a small pullback 1-3 down bars or a narrow consolidation with lower volume.

(iii) Once we find our setup the trigger is a break-out of the pattern and we use a pending buy stop.

Examples:
[ATTACH]62123[/ATTACH]
[ATTACH]62124[/ATTACH]

My suggestion for an initial scan describes the price action after the initial BO-HR. The 10ema > 30ema.
A scan for Darvas boxes (10d) will find many of the small consolidations.

<blockquote data-quote="peter2" data-source="post: 865079" data-attributes="member: 13908">Thanks for that tech/a. I PM&#039;d get better and said the same things although your reply is a bit more informative. Yes, there is no system being trading in this thread. It&#039;s purely discretionary. We select charts with good up trends and find a low risk opportunity to buy and let the trend continue. Let me try and clarify what I&#039;m looking for in a chart for this thread. I&#039;m looking for the first or second small pullback or consolidation in an established up trend. (i) A trend starts from a break-out of a horizontal level of resistance. Occasionally it might be acceptable to use a sloping resistance line. (refer to Gordon7 thread for examples) (ii) Once that happens we are looking for a small pullback 1-3 down bars or a narrow consolidation with lower volume. (iii) Once we find our setup the trigger is a break-out of the pattern and we use a pending buy stop. Examples:[ATTACH]62123[/ATTACH][ATTACH]62124[/ATTACH]My suggestion for an initial scan describes the price action after the initial BO-HR. The 10ema &gt; 30ema.A scan for Darvas boxes (10d) will find many of the small consolidations.</blockquote>

[QUOTE="peter2, post: 865079, member: 13908"] Thanks for that [COLOR="#0000CD"]tech/a[/COLOR]. I PM'd [COLOR="#0000CD"]get better[/COLOR] and said the same things although your reply is a bit more informative. Yes, there is no system being trading in this thread. It's purely discretionary. We select charts with good up trends and find a low risk opportunity to buy and let the trend continue. Let me try and clarify what I'm looking for in a chart for this thread. I'm looking for the first or second small pullback or consolidation in an established up trend. (i) A trend starts from a break-out of a horizontal level of resistance. Occasionally it might be acceptable to use a sloping resistance line. (refer to Gordon7 thread for examples) (ii) Once that happens we are looking for a small pullback 1-3 down bars or a narrow consolidation with lower volume. (iii) Once we find our setup the trigger is a break-out of the pattern and we use a pending buy stop. Examples: [ATTACH]62123.vB[/ATTACH] [ATTACH]62124.vB[/ATTACH] My suggestion for an initial scan describes the price action after the initial BO-HR. The 10ema > 30ema. A scan for Darvas boxes (10d) will find many of the small consolidations. [/QUOTE]

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