Should you buy/sell outside the bounds of the Ctabs commentary?
In the event that you missed out on a "Ctabs buy", you can still enter into a long position and from there follow the Ctabs action commentary. However, it is likely that you will have missed some opportunity because you are buying into a stock that has already experienced a price rise beyond the "Ctabs buy". A counter-argument to the previous sentence is that the stock is in a longer-term bull pattern, in which case hindsight will tell you that it was perfectly fine to buy the stock after it had risen from the Ctabs "buy" point.
The less guessing way is to follow the Ctabs action commentary as closely as possible. By doing so, not only is your trading action following the machine/program trading which is free of emotional and psychological impact but that you are fully leveraging the Ctabs candlestick technical analysis approach.
If you find yourself "off cycle" to Ctabs, you could just patiently wait for a future Ctabs "buy" action commentary. In the meantime, you can look at other stocks.
More you might like
Candlestick Technical Analysis : An Introduction
This article provides an introduction to Japanese candlesticks – what they are, how they are used in charting and the technical analysis of candlestick patterns.
Stock Market Pulse and Sentiment Q1/2009
This article takes a snapshot view of the stock market pulse and sentiment as a heads-up for stock market outlook.
Seeking Penny Stock Picks, Finding Amusing Material
This article covers the experience of seeking trust-worthy sources of information on penny stock picks where amusing and incredulous material was encountered.
Trading Gold Stocks in 2009
This article examines various elements of importance for trading gold stocks.
Trading Observations and Evaluation (March/2009)
This article covers my trading observations and evaluation in the month of March/2009. Different trading ideas are examined.