Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Late post TNA went on sell from November 8th closing, remain on sell.
No Change in Signal,Closing below 100.29 will raise the flag. Too far away as of today. Take profit on recent high if uncomfortable and buy option spread to take advantage of up move.
TNA, IWM RTY, all closed on buy signal.
Retest of buying point do some time occurs. Stops logically is below 91 on closing basis.
oops... Apparently... please don't lower my grade for spelling
You called today correct. Apparantly you have a good system
Close on confirm sell but this sudden drop is strange. May be options related, there was huge volume above 90 so all those will be bought back for pennies.
Thanks for letting me know, Its comforting that my effort is not wasted.
We are oversold here but recovery is not possible till financial sector improve.
I look at your messages most every day. Thank you for helping us.
Signal is still same. Closing below 93.31 would give initial exit flag.
Good luck and happy trading.
bobjack, Thank you I am glad some are reading it. Best way to test the system is to publish it. Collaboration could improve systems.
Farooq
Hello Farooq,
As usual, your Tireless Effort is Very Much Appreciated !!!
Thank You,
Thank You,
Thank You,
bobjack
I will take profit tomorrow and buy some puts before buying common. It could flip here fast so as system is short and we came a long way down so some cautions is warranted. Alternative to it is call spread or a put spread. Index is down more than 155 points and usually a reversal could happen here. We could go down to 10 % but with new fed policy RTY has most to gain unless we are in full fledged bear market.
Do your own D/D. Thanks and happy trading.
TNA still closed on near the sell, Just 1 Cent above. If we are not in bigger decline overall than today should be last day of Low.
It was suppose to hit 85.50 which it did yesterday. Now we see if it is defended or not.
Good luck and happy trading.
It may looks bearish but early signal become positive, In face of other Indexes it is strong comparing others. If market does not correct we might see 95 soon.
You are welcome.
There is a play I am doing on KDMN. Previously I sold all 25000 shares and options at 9.22 to 9.20. Now shares are @ 8.76 if the dip to 8.60 I will buy them. Doing it in my IRA account this time. Cash offer is 9.50 and deal is closing in 4th Qtr. So max waiting time would be 2.5 months and I could make about 10%. I have bought some at 8.76. Disclosure.
Farooq
We close near buy signal for aggressive buyers, we are still a bit away from swing trade buy signal.
We close far away from buy signal now closing above 88.22 could signal buy. I might take shot (Long) above 85.64 on 30 minute candle closing above that price.
Now closing above 89.18 will generate buy signal. Still on sell, close above Friday close so be careful if you are short.
Close below 93 is a sell.
Closing Below 92.11 Should raise the flag to start thinking about exit. A pull back is possible today.
It did try to test 84 but had strong support only reached to 84.27. Signal still long will update when change.
TNA gave buy signal for aggressive trader on Friday closing and gave buy signal on Monday Opening. It remain on buy at this writing. I am 3 Part long and one part short, I was hoping it to fill the gap. I may be wrong, It has filled all three gaps on downward movement. Tomorrow will tell weather its a bear market rally or a new trend. Please share your opinion.
TNA closing below signal but short term signal is showing some upside is possible. So I am not much short now.
Friday closing was bearish and signal was short and we open lower.
With a gap which it is still trying to fill. If we fill the gap and close above Friday close it will be bullish for near term.
They have a pattern opening high and than bring down 2 to 3 $ than go up. Rinse and repeat. They buy 4000 to 6000 Option near the money so margin requirements becomes 4 to 6 $ per share. I am going to try next week,
Chart says we should test 90.16 to 91.72 today, but it is Friday and usually a lot of leverage premium evaporate on Friday at option expiration.
Same script like previous post, all indicator of swing trading are on buy now.
We did dip as expected but recovered to close on swing trade as long. Short term day trader may have one more day tomorrow to make coin at shorting early session. Tomorrow close above 89.14 will pave the way to 90.89 and above.
Your comments are welcome.
There is no consideration of Fundamentals in this signal so please talk from T/A side only.
Thanks
Farooq
Monday could test support of recent up move. Signal still long for swing traders.
It closed above 85.79 and open a new up move, I think 93 or 94 is target of this move in coming week.
Good luck and happy trading.
Farooq
86.55 will trigger a sell signal again. It is trying to create confusion.
We are on buy signal, not confirmed close below 86 will turn it into sell. Close above 87.32 will confirm second buy signal on Monday.
Michael Oliver, Fed Reset Coming, "Silver to $200"
Let me explain about trading my signal. In last post on closing basis it generated a buy signal but stock never traded above buy signal next day so signal becomes void and a sell remain in effect. Today we gaped up and buy was at 83.68 so it should be bought as initial buy of 10% once it comes back above 83.68 than second buy should be initiated. Confirmation would be closing above 84.45 than one can take 75% position or 100%.
Retesting of 84.45 is good possibility. Trading id an art so play well.
It is giving a buy signal if close above 84.38.
Target could be 90.60 area if close above 84.97.
TNA closed on Sell. Closing above 86.19 will initiate a buy signal.
Trader should have stop at 83.56 if trading as day trader.
You are welcome.
thanks Dr Farooq
They trap the bulls to slaughter them. Looks oversold move will be quick and than resume trend.
Followers
|
40
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
587
|
Created
|
11/07/08
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |