What retail investors and retail traders need to learn is how to interpret the stock charts with the understanding that there are 9 primary market participant groups, and each one buys the stock at a different time during the up, down or sideways price action. Over a year or longer time period different market participant groups will be highly active, or not buying the stock at all. When one or two market participant groups are heavily buying or selling a stock, this is called “controlling the stock price.” Each market participant group controls price in a specific way creating easy to identify trendline patterns. When a retail investor or retail trader can identify who is in control they will know how to trade the stock, which trading style and strategy will work best, when to enter the stock, how long to hold the stock, and when to exit the stock.
Once the Dark Pools have completed their buying for that price level it is obvious that High Frequency Traders HFTs automated orders trigger, driving price up. High Frequency Traders can also make mistakes as was the case in July with the attempted to sell down the stock during accumulation, as shown by the red volume spike that month.
The smaller funds always chase HFT action. Often retail traders also chase HFT action too, not understanding the market participant group cycle and how it affects the trend, and trendline patterns that form over time. Disclaimer: All statements, whether expressed verbally or in writing are the opinions of TechniTrader and its instructors or employees, and are not to be construed as anything more than an opinion. Student/subscribers are responsible for making their own choices and decisions regarding all purchases or sales of stocks or issues. At no time is any stock or issue on any list written or sent to a student/subscriber by TechniTrader and its employees to be construed as a recommendation to buy or sell any stock or issue. TechniTrader is not a broker or an investment advisor it is strictly an educational service.
Aug 07, 2009 Patternz is a Windows based program that automatically finds chart patterns. It has these features: 1. Finds 64 unique chart patterns (see Formations Form) 2. Scans files to find patterns and lists results (see List Form) 3. Allows up to 9 criteria to select chart patterns for performance (radio buttons on List Form) 4. Chart Pattern Recognition Software Metastock 11 Manual. Originally presented on 12/11/14 by Hunter Smith Hidden inside every chart is a story - a story about where. Note that the path names are truncated to 8 characters, a limitation of the old Windows (3.11) operating system. Thus, the path 'Documents and Settings' will appear.