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SS thanks to IYB
If the (black) current reading is above the (blue) moving average, the trend is 'up' or the indicator is in 'buy mode', and if below, it's in downtrend or 'sell mode'.
Oversold/Overbought indications
* An overbought market is indicated when the oscillator enters territory above the +50 area. A bearish signal is provided when the oscillator forms a peak above +50 and then crosses back below this level.
* An oversold market is indicated when the oscillator enters territory below the -50 area. A bullish signal is provided when the oscillator forms a bottom below -50 and then crosses back above this level.
Zero-line Crossovers
* Bullish signal: upward movement through the zero line.
* Bearish signal: downward movement through the zero line.
If the (black) current reading is above the (green) moving average, the trend is 'up' or the indicator is in 'buy mode', and if below, it's in downtrend or 'sell mode'.
Oversold/Overbought indications
* An overbought market is indicated when the oscillator enters territory above the +50 area. A bearish signal is provided when the oscillator forms a peak above +50 and then crosses back below this level.
* An oversold market is indicated when the oscillator enters territory below the -50 area. A bullish signal is provided when the oscillator forms a bottom below -50 and then crosses back above this level.
Zero-line Crossovers
* Bullish signal: upward movement through the zero line.
* Bearish signal: downward movement through the zero line.
When the current reading crosses into the channel of the bollinger bands, this produces a signal - up crossing is buy, down crossing is sell.
If the (black) current reading is above the (blue) moving average, the trend is 'up' or the indicator is in 'buy mode', and if below, it's in downtrend or 'sell mode'.
If the (black) current reading is above the (blue) moving average, the trend is 'up' or the indicator is in 'buy mode', and if below, it's in downtrend or 'sell mode'.
When the green line gets above the threshold (black) line then crosses below the red line, thats a buy-- and it stays there until an opposite signal is generated by the green line getting below the bottom threshold line and crossing back above the red line, a sell signal.
When the green line gets above the threshold (black) line then crosses below the red line, that's a buy-- and it stays there until an opposite signal is generated by the green line getting below the bottom threshold line and crossing back above the red line, a sell signal.
TrinQ Short Term Trading Arms Index : The Arms Index is primarily a short-term trading tool. The Index shows whether volume is flowing into advancing or declining stocks. If more volume is associated with advancing stocks than declining stocks, the Arms Index will be less than 1.0; if more volume is associated with declining stocks, the Index will be greater than 1.0.
TRADING QUESTION ANSWERED by Mr DEV, entry and exits
"This was a good question I thought was worth addressing again as it's often taken for granted but is so important to ones psychology when trading. Speaking of psychology how many times do you stop to analyze your own psychology? It's just as important to asses ones frame of mind before trading as it is the charts.
Mr Dev "
"I have been on this forum following you for a while. If you might be able to spare a moment, and have the inclination, I would like to ask a question please. Can you please tell me how you enter and exit your trades - not looking for any proprietary information - just interested in percentile of planned trade funds. Like you (I believe), I typically only use one ETF, and recently have been mimicking your RUT choice.
What percentage of your planned trading funds do you use for your entry, and how do you usually split it up? The same question goes for exits. I sense from your posts that you enter your trades in what looks like two entries, and it appears also that you exit in a similar sequence.
I realize that obviously every trade is different, but if you have a pattern that works for you I would really appreciate knowing; again if you have the time and inclination. Otherwise, thank you for reading this anyway. I fully realize we are all very busy in this world (I know I am), and will not question any inability to respond.
Thank you in advance for the consideration, regardless. And thanks for your continued posting! Best wishes."
"I think a good first entry is often 30%, the second would 50% of the balance and then third 100% to equal all in. Reasoning most traders have terrible timing on a swing basis, this acts as a filter for that. Exiting can be much different. I think with big gains a 50 or 70% exit strategy is a good one followed by 100%. The reason is most traders give back much of their gains holding longer than they should.
Some traders can also exit too early leaving a lot of money on the table for what would of been a bigger winning trade, although it is a different timing issue that should be based on the charts this strategy is helpful here as well.
I like to be early so this strategy works for my plan going in, getting out, and reversing at or about the same time to capture most of the tradable swings moves. "
http://www.traders-talk.com/mb2/index.php?showtopic=121859
H Map +
http://www.weather.com/maps/news/atlstorm5/tropicalatlanticsatellite_large_animated.html
NOAA map
http://www.investorshub.com/boards/read_msg.asp?message_id=12903310
Historical patterns
http://www.msnbc.msn.com/id/7845030
Thanks to FA and QT for sharing links.
xe2dy, are you e/ anon need talk if so.
Fearless Forecast by arbman at TT
"So far, I wrote it was going to be OK until thanksgiving back here... Now it has changed for the reminder of this 16-17 wk cycle due to the larger 64-68 wk cycle pressing down. There are 4 x 16-17 wk cycle within 64-68wks. Most of my analysis is based on the 64wks since this is where the most issues are trading.
The first 16-17 wk cycle lasted from March until June, the second one from July through October, this last one since November topped within the early cycle. There will be a low in about 6-10wks and then a bounce and another low 16-17wk thereafter. We may still roll over slowly, but I think the upside is very limited.
This is bearish obviously, but nothing too inordinate. The cycle went up about 2/3 of the time or so (64 x 2/3 = 40 wks since March bottom). It should be still a pretty good achievement given we are coming out of a 24 month downtrend. It will now correct down for 20-24 wks or so --4-5 months. As I said, we may still see a slow roll over for the next 2 weeks, or until the middle of December. A small rally from here does not change the facts, we may not see new highs anyway...
So, the middle of May where you should see the next low for the strong upside, NOT HERE. There will be a bunch of trading ranges and downside risk for the next several months and then a consolidation period before the final lows from February until late April or early May...
I am out and Best of luck."
http://www.traders-talk.com/mb2/index.php?showtopic=113846
We did get close to the 50 ma on the dow which is where i thought we would go back to.
I usually just follow Swenlin's advise. I think he is best.
glad I didn't follow.
Hi anon.10, tuffy88 has posted an exit of SPY and now into SHY using the IBD system.
http://www.traders-talk.com/mb2/index.php?showtopic=112520
Econ #'s + Futures
http://www.briefing.com/Silver/Calendars/EconomicCalendar.htm
http://cbs.marketwatch.com/tools/marketsummary/calendars/economic.asp?x=0&siteid=mktw
http://cbs.marketwatch.com/news/economy/economic_calendar.asp?siteid=mktw
http://www.nasdaq.com/asp/econodayframe.asp?page=http://www.nasdaq.com/econoday/index.html
http://biz.yahoo.com/c/e.html
________________________________________________________________
Futures (2) + World Indices + Commodity Futures
Futures
http://www.cme.com/dta/del/globex.html
http://money.cnn.com/markets/afterhours/
--------------------------------------------------------------
World Indices ~ updates every 60sec.
Watch the dates! top click for US Market just above Japan
http://www.wwfn.com/commentary/oscharts.html
http://www.allstocks.com/markets/World_Charts/Asian_Stock_Markets/asian_stock_markets.html
World heat map
http://www.financemaps.com/map/day
--------------------------------------------------------------
Commodity Futures
http://sites.barchart.com/pl/pearce/default.asp?code=XPEARCE§ion=energi
Xe2dy:
I did realize that you were 2 different people. I just thought you had same style has Tuffy. My mistake. Sorry
Hello anon.10 There is a misunderstanding since tuffy88 and xe2dy are two different people. I make it a habit to read this board http://www.traders-talk.com/mb2/index.php?showforum=2 and that is where I met tuffy88 several years ago. To answer your question I swing trade at the moment.
Here are links to a few of the other boards I read:
http://www.tickerforum.org/cgi-ticker/akcs-www
http://market-ticker.org/
http://www.zerohedge.com/
http://globaleconomicanalysis.blogspot.com/
xe2dy:
You have a good trading style. I have a similar one. I have a main account of 80% which is invested at all times with 46% stocks (now) 4% Cash, and 50% bonds. I also have a trading account where I trade mostly one stock of 20% of my portfolio.
I am still underwater in may main portfolio and have not done quite as well as you. But I hope by the end of the year, I will be up another 10% in main account.
Thank you for your post. Do you swing trade in your trading account or day-trade?
Trading style of tuffy88
Still look in on Traders-Talk most days, at least once, Toni. To answer your question the above quote from my post on August 24th should answer it. I re-entered my position in SPY's in trading account on that date with a 1/3rd position. 2nd third after a 2% advance and 3rd third after next 2% advance. Remain 100% invested in trading account since then. Our main retirement portfolio is now 71% in Vanguard Index Funds (50-50 stock-bonds) 29% in the trading account. When I started the trading account in April, 2003 it was 20% in trading account and 80% in main portfolio. The trading account has outperformed the main account by that much since 2003. And the main index portfolio has been no slouch. It was down 22% at the close of business on 12/31/08. I did no trading at all in that index portfolio except to re balance at the end of 2007 & 2008. That is down from its closing high on October 9,2007 until December 31,2008. The top of the bull market. As of last Friday it was up 19.22% YTD. Getting close to break even since top of bull market. The profits in the trading portfolio make the combined portfolio's well into all time highs.
The reason I don't post much here anymore is that there is really not much for me to say regarding my method of trading.
(1) be invested when the markets are going up.
(a) Never call tops or bottom. Just stay invested when the market is in a confirmed uptrend. Exit only after it goes into a downtrend. NEVER try to predict when that will happen. The market will tell you.
(2) be in short term bond funds (SHY) when the market is in a downtrend.
(a) Never predict a bottom. Just stay in SHY when the market is in a confirmed downtrend. Re-enter only AFTER it goes into a confirmed uptrend. NEVER predict a bottom. Market will tell you.
(3) Repeat.
(4) That is all there is to my style of trading.
Pretty simple. As one poster here posted a few weeks ago The system is "not nearly good enough to get a job on the street." Those street pro's must have made a lot of money in the bear market. So it is a good thing I don't want a job on the street.
Will post when I exit in trading account.
Charles
Trading ideas th'ks to diogenes227
Do not waste your money. Not a single dime. No one needs an INTRADAY stock screener. That's like firing a shotgun every day and trying to buy the single shot out of ten thousand that goes the farthest. Ridiculous. And impossible to do.
As a novice, you should first read this (several times, and take special note of item four):
5 SIMPLE THINGS ALL WEALTHY TRADERS DO (CLICK REPLY BUTTON)
Now pick the one thing (ETF, future, stock) you want to trade -- the ONE THING! You can make plenty of money playing the swings on one stock. On one ETF. In swing trading, it's the swing that matters, not the vehicle. Swing traders make money on anything they choose to trade once they have the persistence, the discipline and the experience to trade it well.
There are only four things that can happen on a swing trade (any trade for that matter) -- you have a little winner, you have a little loser, you have a big winner, you have a big loser. You can do nothing about the little winners and little losers (that's the market), but you have to be able to eliminate the big loser or you will not be able to play this game for long, and if you can't play you can't get the big winners.
Once you have your vehicle, you need to study it, study it, study it until to you can eliminate the big loser every time. That means you study price movements, stops, time frames, volume, technical indicators (this is not investing), whatever it takes to get rid of the big loser. Once you've done that, you can think about profits. You need a swing system. There is no intraday stock scanner that can help you with this; in fact, it's more likely it'll have you jumping around grabbing one big loser after another.
If I may offer a couple of shortcuts. As you can tell from this thread I believe the market move matters the most. You don't need a intraday shotgun if you pay attention to what the market is doing. Most stocks (not all, most) move with the market, up and down. I use the McClellan Summation indexes on the New York Stock Exchange and the Nasdaq to tell me what the general market is doing. I suggest you pick a stock and play it in the direction of the general market.
For instance what happened fundamentally with Google in that month from early June to early July that took it from 447 to 395? Probably not much fundamentally -- it was just a month. But the market slipped some and the NYSI declined sharply. When the NYSI turned up GOOG shot right back up to 464, and now has gone to 497 on this latest NYSI swing. Or -- holy cow! -- look at LVS! LVS went from 2 to 12, back to 6 and now to 20 since the March market bottom, all in lockstep with the NYSI. On a NYSI time frame, that is swing trading.
Forget the intraday stock scanner and find yourself a single GOOG, or a single LVS or a GDX or a IWM, or a soybean future (if you must), whatever, and study, study, study it until you can trade it well and then trade it. Hope this helps.
Good luck to you, and good trading. smile.gif
P.S. Thanks for the question. It's helped me refresh my thinking on what exactly I try to do consistently -- which is, "simplify, simplify, simplify."
5 Simple Things All Wealthy Traders Do To Gain An Edge
September 16, 2009 · By Brad · Filed Under Guest Bloggers
At one point I considered myself the luckiest person in the trading world because I was surrounded by trading experts, and had instant access to almost anyone. I lost that title after I met Tim Bourquin, Co-Founder of TraderInterviews.com. See Tim has the platform to basically ask ANY question he wants to ANY trader he wants…and he records it for his future use. Thankfully he opened his records for people like you and I to learn from and in this article he teaches us 5 things that he’s learned from the hundreds of experts he’s interviewed. Enjoy the article, comment below, and take time to visit TraderInterviews.com.
====================================================================
Over the past year I’ve spoken to hundreds of traders, many of which were recorded and posted at TraderInterviews.com. If you had asked me a few years ago how the best traders approached the markets, I would have said that they all had similar strategies. But after talking with traders of every market imaginable, I’ve found they all have very different methods.
However, while they each may use wildly different techniques (I spoke with one very wealthy trader who confirmed his chart patterns by looking at planetary movement and moon phases), all of them follow five rules without exception. Some of them make hundreds of thousands – even millions – of dollars each trading their own account. These aren’t your typical “always use a hard stop loss” type of rules . These are actual guidelines successful traders follow religiously.
In fact, I’d bet that deep down you know you should be following these rules as well but you aren’t – yet. Today is the day you can commit to doing what works for other wealthy traders and get on that same path.
Let’s get started.
1. They plan every single trade. EVERY SINGLE ONE.
Every trader I’ve talked with that makes money consistently knows the following about every single trade they take before they even begin entering a limit order into their trading platform:
a) the highest price they are willing to pay (if they are going long) or the lowest price at which they are willing to sell (if they are going short)
b) their profit target where they will exit if they are “right”
c) their stop loss where they will exit if they are “wrong”
d) the risk/reward ratio of the trade
e) the exact percentage of their account they are risking
Lots of traders do one or two of these things. Few do all of them. In simple terms they know exactly what they want to pay, how much money they anticipate making (or losing) and a very clear idea on the probability of the trade working out.
Although you might think that every great trader uses hard stops that are pre-programmed in, many don’t . However, they are highly disciplined and when their stop loss number comes up they are out. Most traders don’t have that type of hard-core discipline and so a hard stop loss is still their best option.
2. They stopped trying to pick tops and bottoms years ago
Nearly all of the classes, courses and webinars you’ll find on the Internet talk about using support and resistance of some type to find where a market is turning and how to get in before or while it does.
The funny thing is that only a very few successful traders I have ever talked to trade that way. Simply put, 95% of the traders out there that make money are buying higher highs and selling lower lows. They do the exact opposite of nearly everyone out there because they found out long ago that picking tops and bottoms is a sucker’s bet. One trader described it to me by saying that it’s much easier to just participate in what a market is already doing than trying to guess when that behavior will change. Flip-flop your strategy to agree with what the market is doing rather than guessing on when it will change its mind, and you’ll be in a much better position to make money trading.
3. They are patient with winners – and ridiculously impatient with losers.
Dennis Gartman is famous for boiling down great trading to one thing: “Do more of what is working and less of what isn’t.” Sure makes a lot of sense to me.
Most traders have a great deal of patience with their losers but get nervous about locking in gains and sell them to quickly – the exact opposite of what wealthy traders do. Wealthy traders realize that they may actually have more losing trades than winning trades so they quickly get out when they are wrong. It is the only way to ensure that they can give their winners the attention they deserve.
They coddle their winners and kick their losers to the curb without a second thought.
4. They trade one market. ONE
I’ve talked with great traders who can trade futures, forex and stocks at the same time. They are a gifted tiny minority.
The vast majority of successful traders concentrate on one market and become so comfortable with it that they begin to “know” the behavior of that market just watching price and volume. Test yourself – if you aren’t able to get rid of all your charts and simply look at price and volume to trade, you’re probably not concentrating enough on one market in order to know it’s moods. What we’re really talking about here, of course, is not the mood of the market itself but the moods of the market participants!
Focus on trading one market exceptionally well rather than try to trade whatever’s hot – that’s how wealthy traders do it.
5. Their benchmark for success is anything but money
Money changes everything. It sure does. We’re all in this to make money. The trouble is, when traders use the amount of money they make to judge their own success, something happens to them – to all of us, really – that clouds our decision-making ability.
Wealthy traders have realized this and instead focus on other things to determine if they’ve had a successful day. Whether it be how well they were able to execute on their trading plan (see rule #1), or their overall ability to predict short-term movements in the whatever they are trading, they know that if they do those things correctly, the money will follow.
Yes of course the money is important. Any trader who says otherwise is a fool. Why else would we put ourselves through this daily ride. But there is something about making it a secondary focus that allows the best traders to make better decisions. The growing trading account simply becomes a nice result – a side benefit if you will – of making good decisions and reading the market well.
Tim Bourquin
Co-Founder of TraderInterviews.com
http://club.ino.com/trading/2009/09/5-simple-things-all-wealthy-traders-do-to-gain-an-edge/
Long term ...
Chart style th'ks to selecto and mss @ TT
Gold chart th'ks to johngorge at TT
Gold / Silver info thks to 4Godnwv $ chichi2
Link to COT
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39098261
H Map +
http://www.weather.com/maps/news/atlstorm5/tropicalatlanticsatellite_large_animated.html
NOAA map
http://www.investorshub.com/boards/read_msg.asp?message_id=12903310
Historical patterns
http://www.msnbc.msn.com/id/7845030
Thanks to FA and QT for sharing links.
Seven Sentinels and Today's Market, SSBS or Top? I Have the Answer (Don)
"Well, at least I have a very strong opinion as to the answer. I s'pose it's possible that that is not the same thing.
Today saw all seven of seven sentinels move to buy territory. When that happens, we have a significant event, though not necessarily what most traders might expect. Sometimes it means we have a bona fide SSBS, and the kick off to a big move, like the signal that occurred on March 12, 2009 and the move that followed- a massive 50% rally on the SPX over the following three months. But many would be surprised perhaps to learn that more often - those times when there has not been a divergent set up prior to the 7 of 7, this event marks a ST top.
Many other things happened today that happen only at one of two times- at kickoff points and at ST tops. Roger's sentiment extremes are one such example. 9 to 1 Upside volume and up - like todays 25+ to 1, is another such example. Extremes of all sorts occur at kick off points and at ST tops. The trick is to be able to distinguish the difference. And that difference, imho, is "SET-UP".
I've done an exhaustive study of all internal measures of the market that we could access, and the conclusion I've reached is just what I had concluded earlier. The vast majority of internal measures made new lows on July 8, coincident with a new low in SPX. There had been NO divergent set up prior to that low. Very few internal measures showed any positive divergence to the earlier June 22 low. The positive divergences we could find were between June 22 when the SPX closed at 893 and July 8 when it closed at 879 were the NYMO (discussed earlier) which closed at a HIGHER -66 vs -79, and the 19 day moving averages of TICK and TICKQ which closed at +30 versus -50 and +132 versus-90 respectively. That's it! Indicators that did NOT show positive divergence ranged from NAMO and the rest of the McClellan Oscillators on other indices to Swenlins Trading Oscillator to Decision Point's ITVM and STVM, to both the NY and Nssdaq net new highs, to the number of SPX issues over their 50 day moving averages, to Transportation and Nasdaq averages themselves, and to many many more. A quick review of Decision Point will quickly confirm what I am saying.
The weight of the evidence says we have NOT, repeat NOT set up the internals for an advance.
When a day like today occurs that triggers all 7 of seven sentinels positive, most of the time, because the market has not done it's work in setting up the internals for an advance, that event is a "false positive" and marks a ST TOP. When that occurs, I treat it as a ST top and get fully short. That, again, occurs when there has been no divergent set up, as right now.
The other perhaps 20% of those 7 of 7 events mark a real SS Buy Signal. THAT occurs when all 7 of seven go to a buy position after a true divergent set up - like on March 12, 2009 for example. When that occurs I treat it as a REAL Seven Sentinels Buy Signal, issue an announcement, mark it on the chart and get fully long. That is NOT the case here.
CONCLUSION: This is a bull trap - a ST trading top. The correct position currently is SHORT. JMHO, of course.
We could well be in the early stages of that set up process, as todays internal strength was truly impressive. Time will tell. Right or wrong, I just wanted to make my view of today as clear as possible. Good Trading, D"
http://www.traders-talk.com/mb2/index.php?showtopic=108607
Using Trailing Stops to Protect Stock Profits
By Ken Little
In another article, I discussed the value of stop loss orders as insurance for the market moving against your stock. Trailing stops, a form of stop loss orders, can also protect a profit and, if you’re clever, follow a stock’s rising price. Let me explain.
First, a quick review. A stop loss order placed with your broker is a way to protect yourself from a loss, should the stock fall. The stop loss order tells your broker to sell the stock when, and if, the stock falls to a certain price.
When the stock hits this price, the stop loss order becomes a market order. A market order instructs your broker to sell immediately at the best possible price. In a volatile market, you may not get the price you wanted, but it should be close.
Protect Your Profits
That’s how you protect yourself from a bad loss. Now, here’s how you use the stop loss order to protect your profit on a stock that’s rising.
There are two ways to enter a stop loss order. You can enter a dollar amount, for example if your stock is selling at $40 per share, you might enter a stop loss order for $37.50 per share. When the stock price drops to $37.50, it trips the stop loss order and the broker sells it.
However, what if you were fortunate enough to (through careful research) to have a growth stock that was rising on a fairly steady basis? Let me set up a scenario.
You bought the stock two years ago for $25 per share and it has grown 23% each year and is now pushing $38 per share. When you can stop patting yourself on the back, you began to get a little nervous that this run of growth might be coming to an end.
Headed for a Fall
The P/E or Price to Earnings Ratio is higher than at any point in the past three years making you think that the stock is overvalued and due for a fall.
You could take your profits and run, but what if the stock still has some legs and there’s more growth ahead? On the other hand, if it takes a fall, you stand to lose some of your handsome profit.
Here’s where the stop loss order bridges the gap and gives you an alternative that keeps you in the stock, but protects you profit.
You simply give your broker a stop loss order called a trailing stop, which is a percentage below the market price. For example, you might tell your broker you want a trailing stop 10% below the market price.
Trailing Stop
Using our example, the trailing stop would kick in at $34.20 per share ($38 x 10% = $3.80; $38 - $3.80 = $34.20).
If the stock keeps moving up, so will the trailing stop. For example:
* At $39 per share, the trailing stop is $35.51
* At $40 per share, the trailing stop is $36.00
* At $41 per share, the trailing stop is $36.90
* At $42 per share, the trailing stop is $37.80
As long as the stock keeps rising or holds relatively steady, nothing happens. However, if it turns south and hits your trailing stop, your broker sells and you pocket your profit. It is important to note, the trailing stop only goes up, it never goes down with a market price.
The trick is setting the percentage at a level that will pick up a true price drop as opposed to normal daily price fluctuations.
Conclusion
Several trading techniques use trailing stops. This example is a simple strategy to protect your profit. More advanced traders use it in combination with other maneuvers to extend their advantage. However, this strategy works just fine for beginning to intermediate investors who want to protect a profit, but let a winner run as long as possible.
Suggested Reading
Trading BasicsStock PricesTools of Fundamental Analysis
Related Articles
* Stop Loss Orders - How Stop Loss Orders Can Protect You
* Protect Stocks while on Vacation - Use Stop Loss Orders to Protect Stock Pr...
* Intro to Stock Trading - Trailing Stop Orders
* Stock Orders - Understanding Stock Order Entry
* Stop Loss Orders - Market or Limit?
http://stocks.about.com/od/tradingbasics/a/tailingstop.htm
The chart pattern trader.
http://thechartpatterntrader.com/
The following annotated chart is provided by Don at TT.
The following annotated chart is provided by Spielchkr at TT.
Karl Denninger
"In light of what I said before about drains of liquidity....
The salmon-colored day is the one to pay attention to.
It is always dangerous to assume that an expiring block of paper will not be rolled. It usually is. But - if it is not, in this case, roughly $100 billion in cash will come out of the "sloshing cash" in the banking system.
Of late it has been unusual for there to be visible OMO. Note that the table's first three columns are zeros - this is the result of The Fed's "unusual" policies, and is why my usual FedWatch has produced no information via this route for months, unlike the September 24th Ticker.
(TIOs can usually be ignored as they rarely have any impact on the overall condition of system liquidity.)
But the TAF maturation, if it does not roll, is a big deal.
What's T+3? Monday/Tuesday after options expiration, a nasty time for a liquidity drain to show up. If that drain does happen on Thursday you can expect to see it in the market some time within the next week, probably Monday or Tuesday, and it won't be pretty.
File this one in the "teach a man to fish" department; you can find this data, any time you'd like it, at http://www.gmtfo.com/reporeader/OMOps.aspx
Now you know how to read one of the tools that I use to watch Ben and his Merry Men - the tool that, in fact, caught him in September of 2008.
UPDATE 9:04 AM: The Fed has just announced an intent to award $48B in TAF paper, implying that about half of the $100 billion will roll and the rest drain. Again you cannot be sure until the day passes, and sometimes until the next day, but this is what it looks like."
Link to more Woody...
http://www.traders-talk.com/mb2/index.php?showtopic=106998
I sure hope he does! In case Don does update and re-post at TT we'll have a 'copy' here that's easy to find. The $BPCOMPQ chart is also Don's idea.
Ed,
Is Don updating this chart manually?
Follow the 'recovery' here...
http://recovery.gov/
http://www.whitehouse.gov/
FAZ, BAC, C and FAS
Links to TA Training
Goto 2nd message post, several free courses.
http://www.informedtrades.com/198071-sample-trading-journal-tracker-portfolio-management-software.html
And spreed sheet site.
http://tradingspreadsheets.com/default.aspx
Current
Add SPX, NDX and INDU for reference
Also TNA
Welcome to Ed's Donut Shop. This board is designed as a library to add charts or links of interest to technical analysis. We desire to keep the 'Donut Shop' free of idle chit chat. We would just like to have a site where we can quickly find links for such things as futures, hurricane info, econ numbers, great charts from other TA folks etc.
http://sevensentinels.com/http://www.youtube.com/watch?v=4ECi6WJpbzE&feature=sub
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49167034
http://tickerforum.org/cgi-ticker/akcs-www?post=132775
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48552113
http://video.google.com/videoplay?docid=7233622324068640582# 1929 Crash
>>> "I trade primarily off the summation index. Short when its negative, long when its positive. This went negative a few weeks ago. Then I fine tune with cumulative NYAD and the EMA 10/55 cross. These all went negative a week or so ago. That put us in what I call the "danger zone" - i.e. oversold summation which historically has been the time when the bigger wipe outs occur - i.e just when everyone thinks we're "oversold enough" and expects a bounce back." Th'ks to Maineman
>> "I would draw a distinction between predicting crashes ahead of the fact........ and recognizing them when they are underway- and going with the trend rather that arguing with it. The former is almost impossible....though occasionally happens. The latter is a matter of experience. Just my view." IYB @ TT 05-14-10
>>> "Heck, a long enough trending trader could look to the weekly for clues-and in that regard, before I think any large drop has a chance in he.., I'd sure like to see the weekly MACD roll over-and yes you can wait for it, cause there is no better entry than a backtest or backiss, imho." Th'ks to the spookyone @ TT
>> "The hallmark of a good trader is to recognize the difference between a trending and sideways market and use appropriate strategies. You can still use EMAs in a sideways market. You just gotta use faster EMAs and make exits on Oscillator OB/OS conditions. In a trending market, you switch to slower EMAs and throw away the Oscillators for the purposes of entries and exits. Oscillators should be only used to measure the strength of pullbacks to determine potential exhaustion points in a trending market." NAV at TT
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>>>"I'm old and I'm good and I'm still here! Seriously, a good trader has several tools in his/her toolbox. And the ones who are still around (like me) know what market they're playing in. In a trending mkt you grab trends. In chop you scalp. After 1-2 hours each night of chart and technical review you get a pretty good idea of what tomorrow is likely to be like. You write down your trade plan. You reassess in the AM after analyzing the overnight trade. You mark down the open, the first 30 min, and you see if your plan jibes with the actual action. Then you reach into your toolbox and... At least that's how this "old" trader does it..." Th'ks to Maineman at TT
>> "Fib, while our methods of technical analysis may be quite different from time to time (though perhaps less different than you might imagine), I truly appreciate this excellent overview of trading/market philosophy, and wholeheartedly agree! All that really matters to a successful trader is the direction of the market(s). While others constantly try to explain why the market "has it wrong", successful traders endeavor only, to the best of their ability, to be correct with the market, realizing that while WE may be wrong (and often are), the market is never wrong. The market is just the market - and our job is to be right with it..... {the market}. While others constantly ask "why?", winning traders only ask "when?" Th'ks to IYB http://www.traders-talk.com/mb2/index.php?showtopic=114546&st=20
>>> " I scale in. If I take a 50% position to open, I won't add the remaining 50% until my initial read has been proven correct, i.e. I'm now in the money. I use stops, so if my initial read is incorrect enough, I'm out with a minimal loss. " U.F.O. at TT.{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}
>>"Firstly, using an indicator like standard MACD is a easy way to be taken to the cleaners. The indicator has been system tested over many decades and it produces less than 50% odds. It's a well known fact. There is no need to debate about it. I absolutely do not use momentum the way you describe and i do not understand where you get that idea that it is the way i use. A few things about momentum. Irrespective of whatever indicator you use, use slow settings for measuring OB/OS. Use fast setting for measuring divergences. Otherwise divergences will not be seen so late in the game that the meat of the move will be over." NAV at TT
>>>"Keep in mind that the role of a bull market is to keep you out all the way up until the top, whereas the role of a bear market is to keep you in all the way down until the bottom. Be aware of market psychology so as not to get trapped in either position." Dan Basch / SafeHaven
>>"What's interesting to be aware of is that liquidity waves move through the financial system very much like the ocean waves one sees from a pier as it approaches land. The first area in which excesses in liquidity moves into is gold, and then in about 3 to 4 months, it eventually finds its way into commodities before finally moving into the debt and equity arenas. However, since we are so fully saturated right now, this time element has shortened over the last several months. Soooo...what you are actually seeing now in the commodities sector since the beginning of October is what gold instructed us to look for in August and September. This is why one should always keep an eye on the gold market as it provides reliable expectations for the other asset classes well before anyone recognizes this structural change in trend." Fib at TT 10-21-09
>>>"First step of a decline is to break the bull momentum in the internals, and you get a pullback in price to early supports. Next, snapback attempts, then a price break." tommyt at TT.
>>"Let's see a test of that hourly Nasdaq high here on lighter volume accompanied by even stronger volume breaking some candle lows before we jump to any false conclusions..." SemiBizz at TT.
>>>"Price of Treasuries and the VIX. Both are good measures of systemic risk; Today there is a divergence: Vix sees less risk in the system then Treasuries. Currency market is not showing its hand." jjc at TT.
>>"When everything lines up, it either turns out to be a bad trade or it's too late. The best money is made when the technical odds are tilted slighlty in your favor, sorrounded with tremendous uncertainity and pressure to take the trade." NAV at TT.
>>>"I'm guessing it will run up so fast that calls will sell like hot cakes. Just in time for WWW and OPEX next week. The criminals can smell this and are ready to sell calls to crazed buyers.
But first, they gonna shake the tree a bit, so they can make these guys chase, I think. Nothing like being super long, then getting stopped out, then watching it take off without you.. you just go crazy and shove it all in at the highs." dcengr at TT 08-10-09
>>"This game is all about the wiggles and waggles. And the minute you think the trend is robust and you count out the divergence possibilities... You are going to be DEAD MEAT. Even a cave man can do it." SemiBizz ai TT. {C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}{C}
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3217412
>>>"Typically, when price approaches the BB, the BB is flat and acts as a resistance or support and a trend reversal happens there. There are instances when this is not the case i.e in case of trending markets, the BB instead of remaining flat and acting as support/Res, starts to expand/curl away in the direction of the trend, which is called flaring and that's a trend continuation signal." NAV at TT
https://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=0&dy=0&i=p82835593713&r=1377383200134
http://www.forexpros.com/quotes/us-dollar-index-advanced-chart
http://stockcharts.com/c-sc/sc?s=$ONE:$VIX&p=D&yr=1&mn=6&dy=0&i=p07672182137&a=289124924&r=4093.png
The last 3 Hurst 80wk lows came in as follows:
March 2009 low
July 2010 low
October 2011 low
Next expected around Jan 2013. Echo
Silver has been following our script for weeks now and still looks set to complete a 3-wave A-B-C correction, with a likely scenario being shown on its 6-month chart below. Silver is now underperforming gold which is to be expected given how silver speculators have just been steamrollered by the plunge that followed huge margin hikes. Like the survivors of the Battle of Waterloo they are showing rather less enthusiasm to get back into the fray, which is why we are not expecting silver to make new highs on the current B-wave rally and have adjusted our target downwards slightly for this move to the $43 area. This is different from gold which could easily make new highs on its B-wave rally before dropping back. 05-25-11
Following chart compliments to MSS at Traders-Talk.com
$RUT chart with compliments to diogenes227.
TNA chart with compliments to diogenes 227
http://www.tavakolistructuredfinance.com/CSPAN.html
http://spyswings.blogspot.com/
http://www.tradingmarkets.com/.site/powerratings/
http://www.americanbulls.com/StockPage.asp?CompanyTicker=FAZ&MarketTicker=NYSE&TYP=S
WATCH THIS FOR A BETTER UNDERSTANDING OF THE 'BAG' THE AMERICAN TAXPAYER IS BEING ASKED TO HOLD.
http://www.pbs.org/moyers/journal/04032009/watch.html
http://www.youtube.com/watch?v=NfFZjGWsVWc
http://www.traders-talk.com/mb2/index.php?showtopic=111433
http://www.pbs.org/moyers/journal/10092009/watch.html
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43109879
TA Education http://education.afraidtotrade.com/
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Demonstrators that don't know what they are demonstrating for or against. Law makers that are passing legislation and regulation on things they have no understanding of just for the sake of political grandstanding. People getting paid huge salaries for not producing and taking the company down the drain. A media that seldom reports things correctly or completely.
Ain't America great? We're all idiots.
http://www.zerohedge.com/news/chris-martenson-lecture-why-next-20-years-will-be-marked-collapse-exponential-function