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.
I'm still in, not concerned
gotta agree there, twilight zone episode 666
Profit taking could drive the market down now going into the close. Looks like nothing else is.
nice, that works, still thinking this gap fills to ? degree
In @ 23.91. We'll see if this one is for real.
Duma > looking that way, I'll see if my "escape" plan works
just need some down move
I'm waiting for that reverse. Tried a short at 11, but got out quick. This maybe one of those gap and hold days as grasshopper said.
hoppa > same ole game, different day, the overnight jammed
and nothing left for a play in the cash market, just consolidate
the move of the night, I think this will gap fill to whatever
degree,this is way too elevated a level in my view
Would lead to a head fake before a reversal.....Nah da boyz would never do that would they????
Desert > if gap is huge like today and with TOS
I just move the charts up or down with
Drawings > Pan > grab and left click hold
and move charts around rather than something locked
That's a very good answer! Do you adjust after five minutes or so to show the gap or just eyeball it?
Desert > I always use the MA's thru extended session
number one reason is instant or shall I say much faster
layering and stability into the open depending on how
hard it's hit like today, without the MA's take a bomb
hit and "might" be usable outside of 5 minutes after open
I suppose a false break of the wedges here isn't out of the question.........
I don't trade before RH so I don't use the extended hours charts.
gloe
I'm curious how everyone is using the extended hours charts. I've been turning it off during regular hours because of the impact on the moving averages. Not all of you rely on the moving averages though. Trying to decide if it makes more sense to leave it on all the time. THX
if we catch even 50% of a gap fill I'll be green > Gamble
AA earnings have definitely been an excuse for some quick sell offs going into earnings. Interesting as we don't seem to be seeing that now. today sure looking like a gap and hold kinda day?
oops, let see if I can peddle my way out of this one
you mean you're short here spd?
thx!
Hope it works out for you. I just got my few trades in today and back into cash. I will stick with 133t chart to start tomorrow. If we ever get a big run going, may go back to 233.
Rolling the Dice for AM, I don't see any "majik" would
make for a perfect long trap here
Later, I'm holding on this 750 load with a 25.86 limit 500 sell
or go thru overnight with this appearance of real weakness with all
Roll Dice >>>>> AA in AH
Duma > excellent, looks super topped out here
currently TZA 750 @ 25.26, multiple adds
Way late on my exit and long entry. Got to get more aggressive. Have switched to 133t and see how it goes. But hey, making $.
Saw it all right before my TOS eyes. Nicely done.
a couple of min early
Out 11:14:02 TZA 500 @ 25.621
10:41 25.06 for me.
ditto on the comment
Looking good, Spdpro
Looking for TZA 25.07 or lower for fill
See Ya in the early AM
Looking at a 5min TF chart, it look like a pretty smooth march to the down side. But you are right, it is a long way to morning here. I'm glad to be in cash.
Ratz at play, ES 1269.25 / TF 744.00, Friday's LOD is
current Marker on TF that's about .5% drop from last day 16:.00
the night is young
Yes Duma the June and Aug VTO trades were bad ones. With all the downside momentum it was like trading by "catching falling knives"! It is notable that both trades began with the weekly MACD below zero and from constricted Bollinger Bands on the daily. That is why I want to look at 2008 data and see if there is any combination of indicators which works reliably during bear and trading range markets. If not then I will elect to do as you: trade VTO on a MACD above zero or rising.
OpEx SPY 122, will see how that plays out
Same routine gang watch the AM close > EuroCircus
AA down 2% or so Friday and reports in AH Monday
for official earnings season start maybe on a sour note
and considering the level we are at I have my doubts
about his thing running up.
MACD weekly went neg week ending 8/5 and did not recross until 1/6, so you are right some good trades would have been missed, so would some bad ones. I remember the Aug time frame well and I remember thinking maybe this was going to be the Euro melt down. I would not have any trouble missing trades.
On the chart below, the green lines indicate a positive VTO QQQ trade and the red ones, negative. I posted this chart last week to LKB and if I had just used the 12,26,30 cross over, I would have avoided the two bad trades and some good trades. Once MACD had made a good advance off the bottom, I would have no trouble with making buys. Again I remember the Dec buy and even though I did not do it, it was not because I was afraid of the market.
Whatever one might decide to use, the point is that if the market goes into a free fall, VTO is going to loose a lot of money as it did in 2008. So I still content that loosing out of a few good trades to protect the downside is very prudent by what ever method even if it is just a gut feel.
D Open__ Buy1 Buy2 Buy3 Sell G1% G2% G3% TG%
Trig->__ 28 VTOM VTOM 49
________ e End of day or Open
02/22/11 57.03 56.56 57.65 1.1% 1.9% 3.0%
03/10/11 56.14 55.49 54.15 55.5 -1.1% 0.0% 2.5% 1.4%
04/12/11 56.37 56.85 0.9% 0.9%
05/16/11 57.40 58.21 1.4% 1.4%
05/23/11 56.92 56.57 57.43 0.9% 1.5% 2.4%
06/06/11 55.89 55.79 55.39 55.23 -1.2% -1.0% -0.3% -2.5%
08/02/11 56.27 54.17 53.83 54.36 -3.4% 0.4% 1.0% -2.1%
08/19/11 50.03 52.28 4.5% 4.5%
09/22/11 53.58 55.35 3.3% 3.3%
09/30/11 52.49 51.14 53.53 2.0% 4.7% 6.7%
11/18/11 55.40 54.34 53.29 56.39 1.8% 3.8% 5.8% 11.4%
12/15/11 54.75 54.32 55.93 2.2% 3.0% 5.1%
There is never going to be any perfection in buys and sells, the key is to work with the least imperfection possible, concentrating on capturing as much as possible as often as possibe
I don't expect perfection, just something like an 80% win/loss ratio!! (Kidding . . .)
avoiding big selloffs but missing big rallies. imo this has always been the hard part between not pursuing knife catching by waiting for indicators to turn up, but then not missing the huge moves that occur before they do.
I have made many mistakes and am always learning but my current work avoids rushing into buys when vix is way above long term average and scales into buys rather than always go full in.
There is never going to be any perfection in buys and sells, the key is to work with the least imperfection possible, concentrating on capturing as much as possible as often as possibe
Duma, thanks for your very kind offer, I will PM you. I understand your point about VTO buys. I just wanted to add that in a trading range market such as we have had over the last year sometimes the QQQ will make a lower low after a VTO buy. Therefore it is prudent to take the majority of profits on a close above RSI 49 and reload upon a retracement. Using the MACD filter should permit you to hold VTO buys longer but you would have missed all of this year's VTO trades.
Excellent idea Duma as the plot of the SSO is not directly related to the plot of the $NYAD/SAR and only serves to complicate the chart.
Duma, very good, thanks for the eye candy link too.
thanks jonr. i see what you mean sso is not needed.
Agree with your interpretation of the chart. I also don't see what volue the SAR adds. It is too whippy. The Stoch and Williams indicators together do a good job.
Thanks spd. I usually don't look at BBs, but they do alert you to a coming big move . . . I'll have to see if I want to incorporate this.
gloe
I'll have to check out that strategy. Not interested in the colored volume bars, though.
Thanks.
gloe
Followers
|
321
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
79025
|
Created
|
04/06/04
|
Type
|
Free
|
Moderators |
As of Oct 2013 I made a major shift in my trading to Phase Charts. I then stopped all my trading with SR60 and F85 although I still use the signals with Phase Trading when the timing is right. I feel that this is a good time to stop using this board to describe and document my trading. This board has operated very well of late as a general board and I like that. I plan to continue posting my general comments on this board just as before, but starting today, Oct 28, I will post all my comments about Phase Trading on a new board that I have created, CYCLE TRADING.
In Dec 2010, this board was given a new name. It was formerly the CSG board for the people from Clearstation (CS). The aim of this board is to openly share our trading methods, and help each other make money. It is important that all posters are respectful and while questions may arise about what is posted, responses should never turn personal. You are encouraged to post charts or other visuals to share your ideas. All ideas on this board are free to use or share as you see fit. No subscriptions needed. If what you learn here helps you, please give to the charity of your choice.
How to post charts to iHub
Trading School - Great Reference for Patterns, Indicators, etc
Economic Calendar
Economic News Calendar
Bloomberg Calender
Zero Hedge
Bespoke
finviz futures
forexpros futures
Futures Summary-Live
Forex Market
Option Pain Calculator
Dividend Investor
Dividend History IWM
Disclaimer: Several trading systems will be presented and discussed on this board over time. While it may appear that the systems are successful, that is no indication that they will be successful for you. You alone are responsible for doing your own due diligence to prove to yourself that you can be successful with a trading system. No one who presents their views of how to trade can be responsible for your success or failure.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |