JD Trade on Jun 23, 2014 11:05 from dhiebert: Tradervue User Stock Trades.

This was a rough one. Technically looks a lot like a flag, but a couple things would have made me think twice:
1. By the time you got in, the total volume on the flag was probably more than half the volume on the pole - which would mean it's technically not a flag any more. I would normally want lower volume on the flag if I was going to get in on it.
2. The flag was made up of a bunch of matched red/green candles of almost the same height (price action). This indicates a strong battle for control between buyers and sellers. That in itself isn't a concern (that's the market), but it looks like the volume on the red candles was almost always a little higher than the volume on the green candles - and that signals that there's more sell pressure than buy pressure.

In general, near the open, I often see flags like this, with almost matched green/red candles side by side. So far I haven't been successful with any of these - whichever side I pick, it always ends up going the other way. So at least for now, I sit these out - I wait for the flag to break one way or the other, and get in on confirmation (after the break) instead on these.