What's BIG, GREEN and really really ANGRY?

Just a quick update, after just a week, this is what MIC looks like now:
 

In a red market, it is one of the stronger if not the strongest stocks out there right now. The entity known as Zeefreaks could call this a Borg. I have seen the Borg and trust me they are not very nice. However, for the masses who are not familiar with the Borg, I would like to give it my own categorization. If he can compare it to an entity from outer space, I would like to compare it with something from your earth heroes. I think the comparison is very very appropriate. And that is what I can categorize as getting in HULK MODE. 

Why? Well simply, because this is what a stock in HULK MODE would like do to all resistances. 

Now to just ride it and hope to get out before it turns back to Dr Bruce Banner.

a tale of two flags

Find the easy trades.
- Kapitan Kidlat

This is one of the more profound lessons from one of our mentors. Such a simple statement but many traders seem to neglect. 

In the process of fine tuning my system, I tried to enter one of my favorite setups. A flag or pennant pattern. This is when a stock made a very big move then consolidated at the highs. After consolidation, it can only go in two directions, up or down. Now it is up to the trader or their system to determine where it is going. 

Let's take a look at the last two that my system has 'flagged'. The blue circle was the entry point. The red circle the exit.

LIB - This entered my system since it seemed to be consolidating at the highs. In hindsight, the highs that I determined wasn't really that high. It seemed to be at the lower end of the spectrum. Once it broke down the MAs, I had no choice but to cutloss. Even causing a breakdown. 

MIC - After the disaster of LIB, MIC then entered my system as another potential candidate of an easy trade. Now this time, it fits all the parameters of consolidating at the highs. After a couple days of holding it broke out an made another flag. Then made another consolidation at the highs. Where will it go from there? We shall see in the coming days.