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Here I included one of our valuable member who applies our charts in his technical analysis.

I haven't written a blog for a quite a while but today I decided to write down what I am thinking and that may help you to decide on what and where to invest.

Feb 29, 2010 UNG Stock Trend Technical Analysis

Feb 25, 2010 Trailing 30 Days' NYSE Trading -- 73% Bearish on "New" Merck

Dear Chart Users,

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Nameless Hero.

The case study serious has been using positive cases most of the time and I think it would be nice to have a nnegative case to complement the previous case studies.  In a bear market,thi sis useful to sense the risk ahead of a positive low risk setup.  Most of the time we wasi for consecutive whole red bars for more than 8-10 days and add to position when we see the first green bar and a minor positive price action.  In most cases when we trading in a bull market , it works beautifully many many times.

This is a show case of how to interpret buy and sell signals from a trend chart.  I am going to use a gold stock ETF for today's case study.  From the chart below a low risk setup buy signal was generated on Dec 22, 2009.  We bought GDX and held it for 12 days and saw the black bar showing up which generated a high risk or topping sell signal on Jan 8, 2010.  This is a perfect trade setupto show "Buy low and sell high".  You don't need rocket science to do that.  All you need is patience and a clear mind to wait for the trading opportunity to come to you.

Today I am demostrating a straight forward trade using the "Common Low Risk Setup Pattern".

On Dec 15: this is a potential entry point where consecutive red bars (at least 7-8), a sheet of green appeared and positive price action.  All these 3 criteria have to be met.

Dec 21: Still holding since closing price higher than entry price (your own judgement).

Dec 22-28, all good, whole green bars shows up, this are hold signals.

Dec 29-31, either take some profit or hold, a partial red appeared but trend level still looks good.

Here I would post my daily picks.  This is not a recommendation and use it at your own risk.

Today I am going to show you another successful trade using "Common Low Risk Setup Pattern".  Been waiting, waiting and waiting for 15 days and the green bar first shown up on Dec 29 (there is another one on 16 but only 7 red bars, I might put 30% to work on that situation).  Price been flat for 5 days (within .1 to 2%) which matched our criteria.  Make call options to work for 3 months one rank out of money (this is my favorite).

Today I would like to point out one common pattern for low risk setup.  Here I am using Apple Inc. as an example.  This is IMHO the easiest and reward pattern as far as I know and I often apply it on my trades and be able to minimize the risk and profitable returns in short term or as a middle/long term setup.  We need to have patient and clear mind to interpret it correctly.  Here are couple steps to identify this pattern: