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.
This board in no longer required.
Board is closed
see URL for up dates
http://investorshub.advfn.com/TRADING-TNA-TZA-60-D-W-12981/
Have completed my study of Duma's TNA P60 trading system.
No comments, except watch the INTRO to his board very closely,
before using real money.
Duma Member Level Tuesday, 05/17/16 03:14:31 PM
Re: TREND1 post# 14987
Post # of 14992
I exited at the red stop line I had marked on the chart previous.
I generally exit at the open of the bar I used to go long if the bar size is reasonable.
from Duma
I am using a little more aggressive set of rules for TNA that are on the chart.
1 It calls for going long in MD when M85 goes flat
2 and M85h>MA10.
I think I have posted about this several times.
Understand, it is actually simple once it is understood, but it is a little difficult until it clicks.
For the TNA and QQQ charts here is how I define each phase.
M85=MACD(85,90,1)
4 DS-Distribution - M85>0 and M85<MA10
1 MD-Mark Down - M85<0 and M85<MA10
2 AC-Accumulation - M85<0 and M85>MA10
3 MU-Mark Up - M85>0 and M85>MA10
Often when the Phase changes for just a short time and it was just a minor movement and no support or resistance was hit, I don't change the Phase.
The following is a general description of what is going to happen in each Phase.
1 Mark Down - If not already short when the phase starts, get short quickly. Hold short until MACD flattens and get a F85 buy signal. Trade as heavy as you can stand. F85 signal requires MACD-histogram(85,90,24)>MA5 and Price bar close>either 20EMA or 20MA.
2 Accumulation - Should be long, if not, get long and again be as heavy long as one can stand. A few times the trade fails, but is low probability. If it does fail, just get out and get ready for the next signal.
3 Mark Up - Stay long unless 2nd support is broken with a 60min bar close. If entered phase from accumulation, odds very good for big success. If entered from distribution, take some caution. Gap downs are possible.
4 Distribution - This is the killer phase. Prices have a hard time finding direction and usually end up going sideways before falling. Look for a short when prices retest high during the consolidation and a lower high is formed. But have to be ready for almost anything. Use 2nd support as stop for either cash or going short depending on how aggressive you want to be.
from Duma post# 6792
The simple way to trade the Phase chart is by my basic rules.
MD-when MACD85 flattens out take a M85 signal long. M85 is MACD85-h higher than MA5 and prices closing over either ema/ma20.
Stay long in AC and MU.
Go to cash or short if 2nd support is broken.
In DS short at 2nd support or at a high close to high in MU.
MD be short
If you executed the last short perfect it yielded 1.7%. So I question why you would want to trade this since it would only take 2 or maybe 3 of your DP trades to do the same thing. We have had 16 trading days this month, plenty of time for a few trades. Thur's trade yielded .9% by it's self.
from Duma post # 6793
I am not posting too much these days because everyone knows how I am trading, so what's the point. The four main charts that I trade are in the iBox and I keep them pretty current. I have published the rules before and there is a summary of them on the charts. If anyone is interested or wants to get more information or needs helps in starting to trade the charts, I will be glad to help in public or private. My email address is in my profile.
I am not a big fan of the JAK60 charts, because they usually don't take full advantage of the gains of a swing. Phase 60 (P60) is my bread and butter for trades, the JAK's are just for a little added boast.
So trading P60 has brought gains of 25% YTD for SPY vs a market of 2.5%. IWM trading gains are 27% vs a market of 0%. This is far below what a good day trader can do, but far better than the market. IWM P60 has only had 14 trades YTD, so that is less than one per week. That is a pretty relaxed way to trade and still gain something above 1% a week or 50% a year. These yields assume trading with a leverage of one, so the yields can easily be goosed by trading higher leverage.
I am responding to a post that I wrote Jan 25th, 2015. I don't trade quite that aggressive anymore for shorts, but the basics have not really changed now for several years. If interested in seeing the old rules, just click on post that I am replying to.
This board is about a system called P60 created by Duma
see board below
http://investorshub.advfn.com/Cycle-Trading-27363/
Followers
|
1
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
42
|
Created
|
05/01/16
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |