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Good to know they exist but doubt I will use them. As you said, at this casino 1x is enough. I have started using BITO only.
maybe I'll buy SBIT instead off BITI in anticipation of the halving event in a couple weeks...
just look at the charts you will see it....https://twitter.com/DeFi_Yizhar/status/1773939532401893668/photo/1
BITU and SBIT started trading this past week.
BITU is a 2x BITCOIN ETF, and SBIT is a 2x Inverse BITCOIN ETF.
(3x versions of each are in the works.)
The Casino is now open...
https://stockcharts.com/h-sc/ui?s=BITU&p=D&yr=0&mn=6&dy=0&id=p92336792827
https://stockcharts.com/h-sc/ui?s=SBIT&p=D&yr=0&mn=6&dy=0&id=p92336792827
https://www.proshares.com
The same here. Can never stop learning.
Now this is interesting. Can you provide a link to your source material plz?
Ah, thx for the clarification. I still have much to learn. GLTY
I found something interesting how #natgas goes through 4 year cycles...the troughs are during election year and the peaks are somewhere in the middle...looks like a bottom for NG sometime this year...I don't think bottom is in yet until supply goes down further because temperatures are getting warmer throughout the country...
Yday's pattern was an engulfing candle, but it really was not the bearish pattern because we were not in a real uptrend. By the same token todays inside candle really doesn't mean much either, imho.
As you just posted, as the news keeps filtering in hour by hour either good or bad (more bad lately), the market just reacts day to day. Don't know if we are going to make it through this rough patch of not without breaking down.
I am getting very close to sells, but still hanging in there. I have pulled back my investment level and shifted to a much higher allocation to SPY.
In light of yesterdays market drop, and the heated words coming from the mid east this week, market turbulence next week could be quite high.
Have your trading plan ready. GLTY
NQ > that was a good one >
when I first looked at screens I thought we had another algo "flash crash" ala 1987
> Nope ww 2.5 in the making
Now all the TA charts are junked >
Still have Fri AM reports to deal with
J > google up thinkorswim "market depth"
SSEdge's was bettter "but" it's going away
used that to see where all the bigger bids / asks were sitting
to judge potential buy / sell areas
D > thanks > I'll check that out >
I have a few questions left for the tos tech but waiting for my "merge" date to pass before I muck
with things further > I don't want to cause any issues like what happened to me earlier > hard to explain
but I got into a software hand off area of platform that locked me out > "tos to schwab" > tos tech had to
do it from their end and restore some code while working within remote access to revert me back to
tos access / login rather than schwab's
Have to admit the tech individual I dealt with was dang good
I'm looking @ 12.50 or lower to get into $BOIL...depends how #natgas is running...report came back and NG went down...I'm not buying $KOLD though...only when I see a nice runup first...still looking for daily info regarding NG S&D...
Bearish engulfing (not Bullish, sheesh...)
(E)TQQQ .....2xDaily.....what happing to market at 2.00pm..????
[1] daily
https://schrts.co/vtkcXziy
[2] daily ZIG+ %B20.
https://schrts.co/aYVfeCwm
RE--RE-UVXY.....10....60.....+ Daily. .trend HH...CLICK pre post....
10..
https://schrts.co/NQxYGQXf
60....
https://schrts.co/ZcfQFkSy
DAILY.
https://schrts.co/JKwVXXCq ....
My last few trades spotty at best. Just bailed today with -6% loss. But Im up for year about 38%. I caught a 28% in Jan.
7 trades 3-4 w-l record. So far keeping losers small. 6% is small in the BOIL/KOLD world.....LOL
Im trading daily charts at the EOD. Im going to look at 60min more and maybe jump in 1/2 pos to see if I can front run and get my entry cost lower.
What I look for on Daily
Buy when
1. StoRSI move from <20 to >80 one day best but can take longer. 0 to 1.00 optimal
2. SlowSto >20 Move out of green zone, or be out of green zone.
3. 3MA moves above 8MA or is very close and other indicators agree
4. MACD 12/26/1 signal line is rising or flat.
5. Look at trendlines and wait for reversal against trend
6. Need HHHL or if all else good, a bullish engulfing candle
Exit when
1. Target #1 is hit. ATRP x2 or median of max gains last 12 trades.
2. Stop is hit..Last Minor low or low of signal candle.
3. Let trade breathe at first, trading below buy candle LOD is warning but not a stop, however need to look exit strategy,ok to sell all or part.
Look at futures that make up the current holdings for sup/rez.
If close below buy candle’s LOD. Look at opposite STORSI and M12 or M3 direction.
4. Or, M3 reversal 2bars breaks trendline of the 3MA
5. Or, After Target 1 Hit, Close below M3, set stop LOD for next open.
BOIL Daily
I've been following NG 24 hours a day...even when I wake up from sleeping I check the charts...I just sold my BOIL to break even @13.55...coulda sold yesterday when it was peaking before opening but I was hoping for a better EIA report....#natgas follows daily reports that are really involved and i haven't been able to find a source to this: https://twitter.com/BabyGotGas/status/1775511927336124741/photo/1
I do a search on X for #natgas and find interesting info that is helpful...figuring out that NG isn't just charting but mainly fundamentals...charting is useful after reversals...so when it come to BOIL and KOLD they are following NG exactly to the minute...
Also because NG is so low, suplliers are cutting back on the supply to move the price upwards. The weather also has something to do with the draw and for the most part the cold season is over...I'm just gonna sit back and watch and wait until next week to see where the next bottom is...
I have had good success lately trading KOLD using 1hr charts. See below post. GLTY
For NatGas, I have begun watching/using the 1 hr charts (Thx DUMA!). I have found the 1 hr BIOL/KOLD charts begin to suggest a direction change a day or two ahead of the actual event.
I have been avoiding getting into BOIL recently because the price action is still not above its 200MA.
I have been in and out of KOLD a few times recently with some success. Single digit gains. KOLD price action being above its 200MA, its bias is to the upside.
As you may recall, I have been trying many many different ways to gain an advantage trading BIOL/KOLD. It continues to be a quite challenging, but when it pays off, it does so big.
When BOIL does finally move above the 200MA on the DAILY chart, it should be biased to the upside for an extended period of time. Let me know if questions. GLTY
I never have seen that version either. I like my iphone app for trading. Lot easier to navigate. But I like the desktop version for info. I use L2 on any trades except high volume stuff like TQQQ, Very useful AH.
The web base seems like it would be easier to trade than desktop as well.
The way I got to the TOS web was not easy. The easy way, log on to Charles Schwab, hit "Trade". Under "Trading Platforms" select "thinkorswim Web".
The good part about doing it this way is that you logged in to both sights but only had to log in once.
D > interesting > first time I ever looked at that
#natgas EIA report comes out which will determine what direction it goes...daily reports influence the price not the graphs...i use hashtag natgas while searching on X for more info and it has been really helpful...
using the charts for #natgas isn't that simple unless you plan to hold for 6 months or more...otherwise NG follows daily reports of supply and demand...I've been watching closely almost 24 hours each day...mostly on twitter and since then I have found a number of helpful info including weekly reports from EIA...
https://twitter.com/Astrocraps/status/1774594050035007797/photo/1 is one graph I find useful...
https://twitter.com/BabyGotGas/status/1774741759630733449/photo/1 this table is also useful but I don't know the exact link of each graph to watch daily...
Also since I've been watching Ng I noticed how many up days vs down days...price doesn't continue up so I've been successful flipping BOIL and made some $$$ on KOLD ...I was really tempted to sell BOIL @ 15.00 before market opened but didn't want to miss out on another runup today...my short term target is 20.00 I anticipate that will happen sometime next Wed or Thurs...
I just opened up the web based version of TOS. After just minutes of using it, this is the way I am going to go. Very easy to navigate and large numbers.
They say it is a stripped down version of TOS which I would assume applies to not being able to write code for the charts. Don't intend to do that, so not a problem. I also don't care about level II quotes (I think that is what it is called).
Hopefully I erased all personal info. I did leave the cash position, ha.
I expect gaps for KOLD or BOIL not to fill...only gaps that fill are from #natgas itself...and there are no gap ups to fill...
BOIL....DAILY....Hopefully get the BULL horn ..for ride up. ......14.55 IN W.STOP......click pre post.
https://schrts.co/xmvwAeZT
Here is what I have to say to all those Buy & Holders that Varney marches through his program everyday. It much have felt pretty good in 1929 with 45 new ATH's being made. 2017 did a lot better with 62 and 2021 killed it with 70.
But then came the hangover. It took 25 years until 1954 to get back to the last high of 1929. That is a long time to sit and watch your holdings try to dig out of the hole that was made. I lived through the 13 years from 2000 to 2013, I know firsthand what it feels like. Lucky for me it was only 13, not 25.
I remember my Dad playing the market in the 70's. That didn't work out for him very well and from that point he was always negative about the market. In the 90's when I was rolling in the money, he was always telling me to get out while I could.
He also fell for the option game and that didn't work out well either. I still have the manuals that he bought. They are good option techniques that are still being used today, but here is what I tell my friends, if you can't make money buying one share of stock, don't expect options to make you money. You have to know the direction the market is going to go to ever make money. The number of people who can't make money buying shares of stock amaze me that they think they can make money with options.
So will 2024 be the new 1929, or maybe we can hold it off to 2025. But I have a bad feeling we are going to see another 20+ years with no market gains. I have not issue giving up a bit to the market to not get caught riding it down. Debt took the Romans down and it will do the same for us.
NatGas spot approaching $2. BOIL looking stronger. GLTY
https://capital.com/us-natural-gas-price
2 words > "Very Troubling"
So true...
BOIL.....10........DAILY.....TREND HH...today....
10.need to climbs above R1..15.10
https://schrts.co/HJxVrnbV..
BOIL......Daily...maybe get ...R1...15.10.....daily there is a huge GAP Down maybe need to fill ???
https://schrts.co/quEISVjI
A lot of articles now coming out about how bad of shape we are in concerning our debt. The Senate passed a resolution saying our debt was affecting our national security and then immediately passed a $1.2T spending bill. Nobody gets how bad the situation is. Recent auctions refunding have been 85% T- bills, debt of 1 year or less. That is frighting because they have the higher interest rates.
March data coming out in a couple of weeks will be very telling. 2023 interest cost was $880M, for the 5 months of 2024, the interest annualized has been rock solid at $1T every month. One recent article stated we would be at an interest cost of $1.6T by year end but gave no figures to back up that claim.
Interest rates made a sharp jump up yday, a trend I think we are going to see continue. Of course this will make our dollar stronger, yea.
For the 5 months of 2024 (Oct-Feb) here are the ytd numbers
1,856M Receipts
2,684B Outlays
828B Deficit, easily on target for a $2T year.
Some key spending numbers ytd:
593B SS
433B Interest (350 reported, but it does not match detail numbers)
369B Health
363B National Defense
354B Medicare
273B Income Security (I love this term, allows able people not to work)
122B Vets
86B Education (this could be cut to zero real easy)
So how soon until Interest overtakes SS and becomes the biggest expenditure subtotal?
So when the end game comes, what will be cut? SS is broke, how about there, that will start a real commotion.
My generation is lucky, most seniors live in a small home paid for, so they are able to live on the $1,000 or so amount they receive each month. What happens when that gets cut to $700. What gets cut first, cell phone, medical, dental. I can't even imagine where we are headed.
With no bail, no police available, plenty of fresh "newcomers" who hate America, and plenty of drugs, I can't wait. Movies, concerts, and eating out will be a thing of the past. Even if you could go on vacation, you better think twice as a squatter will take over while you are gone.
Red bars are the T-bills
________________________________________________________________________________________________________
LETS ride 8.10 w.stop.. LABD ...10....+.. Daily 3u....how far will get up...OPINION
Above BB50 center line..with huge GAP UP from pre closed price 7.53......
10.
https://schrts.co/FRBPinbE
Daily...
https://schrts.co/UEAAVaeu
BOIL......Daily...maybe get ...R1...15.10
https://schrts.co/MskWpQBt
SQQQ ......60....+... Daily...tend HH...
60.
https://schrts.co/VjFWxdRA
Daily zig 5u above BB20 center line.....at print.
https://schrts.co/aYrqaaXq
Block pop-up ads http://www.adfender.com/
Dividends http://www.nasdaq.com/symbol/spy/dividend-history
Three X ETF's http://www.3xetf.com/ETF_List
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