http://www.tischendorf.com/2010/02/10/mmr-mcmoran-exploration-a-case-study-in-technical-analysis-and-patience/ Trading High Potential Stocks Fri, 13 Jan 2012 03:26:12 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.tischendorf.com/2010/02/10/mmr-mcmoran-exploration-a-case-study-in-technical-analysis-and-patience/comment-page-1/#comment-665 The Importance Of Price Confirmation Before Entering A Trade Mon, 19 Apr 2010 22:10:23 +0000 http://www.tischendorf.com/?p=3526#comment-665 [...] MMR – McMoRan Exploration is a great trading lesson on why you shouldn’t trade your opinion and instead wait for price confirmation. I recently stated I thought the bullish wedge wasn’t picture perfect. Then again I never thought the stock would get sold off hard like that. Patiently waiting for the stock to take out the most recent swing high slightly above 17.00 was great insurance against today’s huge price drop. Now we can patiently wait and see if the bullish wedge is indeed invalidated or if a move back into the pattern will trap traders betting on even lower prices. [...] [...] MMR – McMoRan Exploration is a great trading lesson on why you shouldn’t trade your opinion and instead wait for price confirmation. I recently stated I thought the bullish wedge wasn’t picture perfect. Then again I never thought the stock would get sold off hard like that. Patiently waiting for the stock to take out the most recent swing high slightly above 17.00 was great insurance against today’s huge price drop. Now we can patiently wait and see if the bullish wedge is indeed invalidated or if a move back into the pattern will trap traders betting on even lower prices. [...]

]]> http://www.tischendorf.com/2010/02/10/mmr-mcmoran-exploration-a-case-study-in-technical-analysis-and-patience/comment-page-1/#comment-664 MMR McMoRan Exploration (NYSE) Bullish Ascending Triangle – Technical Breakout Imminent Fri, 26 Feb 2010 03:07:23 +0000 http://www.tischendorf.com/?p=3526#comment-664 [...] looks like we are about to witness a break-out to the upside. I described what I was looking for, why I was patient with MMR and what made me think the trade has great odds of working. I added a bit to my position today. A few reasons why I am bullish on the [...] [...] looks like we are about to witness a break-out to the upside. I described what I was looking for, why I was patient with MMR and what made me think the trade has great odds of working. I added a bit to my position today. A few reasons why I am bullish on the [...]

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