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.
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.
Nocona, Hourly (65 minutes)
i'm keeping an eye on you n chico, with your end of day hourly signals,
MFB, has his breadth charts that may coincide.
lol and keep up the rsi updates
cruzship, no-way
You are trying to kill me.
Feels like a hang-over every time i see that chart. Brother, i can't make heads or tails of it. Boggles me. How about a referance point.
cruzship, there ya go,
add, rsi-5 over 50 + fill gap + resistance + initial target = sell. Obviously it was todays play combination and will not route that way every-time, but makes sense to me.
2xBe, one more rsi thing,
i not sure, but i believe rsi-5 met 50 in intraday. If so..then technicaly, rsi met target.
2xBe, glad you're doing home-work.
RSI-5 is a very powerful tool,
I used to think the stoch and macd were my number one indicators. But, I about sh**" when some-one here posted the vto-report. I did not know it existed? So i studied. And what did i find? **Consistancy**.
Absolutely, consistancy is what you want. You can call it a reference point "north star". I have been daytrading for a year 1/2 and have finaly found the missing piece to my system. Nocona has been posting it right under my nose this whole time. daa??
I by no means am a master at RSI-5. But evreything seems to begin and end with rsi-5. So at this stage, I begin my trades with rsi-5 "a known point" and will only move to the next "level" when the RSI-5 play is complete.
There are other factors, self-confidence (very important), consistancy, meeting target,trending market, indicators that fit the trader, ect...
RSI-5 has brought 1.5 years of work, together. I am presently training in symetricals and betting real money. RSI-5 keeps you in the game. Individual issues and symmetricals will make you a mad-man, drive you nuts, line your pockets...and laugh like a fool
After the close,
indeed it was a good day for gifts, had a nice rally in the morning for the rsi(5) traders. Then at noon the shorties took-over, made profits and brought the longhorns another gift. A round of applause for all.
We are still in the zone of the rsi-5 play,
worse case scenario; the rsi will double or triple dip below 30, Target is mid-bollingers before the "big crash"
Target;
Do your home-work, find target, set order, go. I am still guilty of not following this rule, but it is true. Get out once target is met.
Bulls, (not you rcp)
Don't let your fears set in. If all goes as planned, todays action surely was a gift and tomorrow brings more presents. I borrowed "gift" from rcptrader
Metafillboy;
keep posting those charts. Yesterday, your charts sported a bullish behavior as reflected by todays morning action. So there is some relation to price. I/we should review those messages this week-end for hints of price movement.
Chico;
i see you are also utilizing hourly price-movement indicators. Good Job Today. Keep posting those as well, it adds value to current situations.
Kenwong;
how many times did you post today? thats a record for you...eh bro
2xb;
hope twin deficits rings-in fear tomorrow, means santa brings more gifts;
gloe;
after looking at your chart at the close yesterday, i thought i was on the wrong side of the trade.
Nice work everybody, i post like this cause i'm cheap and trying to save posts. Keep posting those charts. Yes, some-one is reading them, even if their is no reply, even if it is wrong, it is the piece the next trader needs.
pls, let after hours forum commence
Position
QQQQ's limit order did not trigger at 40.50
JNPR sold for a gain, less than .20cents (i got frustrated)
position; cash
RSI-5 update,
we are still in the zone of the rsi-5 play,
worse case scenario; the rsi will double or triple dip below 30,
As was the case in march-june 2004. But in any event, mid-bollingers is the final destination,
my "trend" view is that of Pokersams, (down)
my "trade" view is that of rcptrader, (range-bound)
Q, march-june 2004
http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&st=2004-02-09&en=2004-06-01&id=p4812518178...
re-Wonderboy, Kenwong, trend-lines
let me add-on to your add-on,
1, the price trend line has not been achieved. Obviously not today, but we should get it.
2, the daily stoch (not shown) has broke above 20. But it also shows similar trendlines as the rsi,
3, RSI, double dip scenario similar to late Dec
re-buy opportunity,
i was a wee early this morning, but our gift is currently being presented,
Buying opportunity coming up,
take advantage of any weakness, below 41,
#1, in the 40.53/.79 area,
#2, drops like a rock to 40.10, pauses, then buy
number one is the more realistic buy,
Todays play,
rsi-5 play is in effect
next play, stoch break-out confirmation,
Any downside action near support, is a gift (add long there)
a gap up to $41.41, i will consider a trend change,
normal rsi(5) upside rally, i will not chase,
todays orders;
sell orders are still 41.23, 41.41/50,
buy orders are 40.10 and 40.53,
i'm setting buy limit at 40.53,
by the looks of futures, i will not get to play today,
not a problem, their is always a play, the next hour, the next day,
re-MetalFillBoy breadth charts
last post for tonite brother,
yes, hourly breadth is trending, upper bollinger is being breached, si is very green,
based on your charts, up day tomorrow,
i will review our messages in a week n see if their is relation to $price
lol, happy trading
CaribbeanJim & TOF,
PS, as far as i'm concerned, has not been right on a few occasions,
what (I) do know; is he can intra-day trade and he can call a top,
it is o/t, pls feel free to make direct comments/challenges to PS,
i wil ref, give him a left-hook n a upper-cut.
JNPR, DELL & MSFT,
JNPR;
jnpr was sporting a bullish flag, that is why i initiated the long position, and... i thought csco was a dead horse,
DELL,
also thought was a dead horse, is now showing a symmetrical with possible upside break. If dell breaks, it will help support the Q's
MSFT,
the heavy-weight initialy showed an island cluster (bearish). It is no-longer a cluster (its bridging). However it is still bleeding to initial target of 26,
JNPR 1.5 mo, pendant
DELL;
MSFT
$sox & smh,
$sox bounced off the mid bollinger and is heading back up,
smh has crossed above mid bolinger and sporting a trending stoch,
so what does that mean for the Q's rsi(5) play
if semiconductors make more upside movement, it will have the potential of taking rsi(5) play into daily macd cross-over territory.
MARKET SCENARIO 2006
(true statement) the market is either gonna go up, down, or range bound.
This range-bound scenario is totaly hypothetical and needs tweekin. Its an add-on to Pokersams downside wave count. I believe CaribeanJim has the up-side view. I'm leaning to Pokersams wave count.
Whats the point of showing a hypothetical chart? because one of these market scenarios is gonna be right.
QQQQ 2year
RSI play continues
RSI play; chart 1,
A, rsi broke out to 43, could very well hit 50 tomorrow,
B, is an island cluster, its a bullish move, could gap up to $41.41
C, is rsi upside target
Next Play; stoch and macd confirmation, chart 2,
As you can see, the stoch has crossed but not above 20. Once the fullstoch cross' 20 then we'll look for macd cross-over confirmation. Also the macd black line can bump the red line and go back down. We'll talk that if we get there.
Q's Chart 1, rsi,island cluster
Q's chart 2, stoch, macd
re-Gloe and ALL
agree, based on the rsi(5) system, we should at-least meet target or resistance, that will not happen tomorrow,
ALL,
rsi(5) play is still good, we will meet said target and rsi (5) also confirmed its intentions by breaking out today,
Next order of business is daily stoch and daily macd, i'll post charts later. I do not believe we'll break resistance, but anything can happen, so prepare yourselfs mentaly at that point, do not be cemented to your bias,
GLENO34 and Bear Camp, pls throw-out some downside numbers. Why? because my view is looking up, where yours is from a different angle.
CarribeanJim;
the market is gonna crash brother, the big wave is coming,
Trade Results
ACCOUNT A. current open JNPR
1, SBUX gain .083
2, SIRI loss .O38
3, JNPR gain .018
4, MSFT gain .008
5, JNPR open
6, QQQQ gain .012
Gain/Loss +.083
I'm so embarrassed to show a loss on SIRI. It was an uncalculated "cocky move",
I will post better results with enter/exit dates as i gain more consistancy and better record keeping,
QQQQ, closed position
QQQQ closed position,
JNPR, still open, long
todays trade has nothing to do with the rsi(5) play, target will still be met,
re-GLENO34 and Metalfillboy,
GLENO34,
way to go, i must have skimmed too fast past your post and did not realize you're burnning a shorty,
could you post some downside numbers in one of your post
Metalfillboy, ref post 19797, (sorry piggy ride with gleno)
i have not been replying but read your breadth charts every day.
I could not find corelation with price and macd cross-over, (red over blue) and i see bollingers are tightening again
Trading Strategy,
this strategy is for current conditions,
you would not play this in a trending market,
first we find some "known" points,
1, we know rsi-5 below 30 is support, a buy,
2, we know support is $40 and upper trend line is resistance
3, we know rsi 50 or mid bollingers is our target,
3, we know macd is to the downside and nasi is to downside,
4, we know anything could happen at this juncture,
5, we highly believe target is $41.50
6, finaly we believe it will take a few days to reach said target,
ok, where am i going with all this?
yes, "my" initial upside target is $41.23,
tells me to pull the trigger if you meet that target in just one day,
it is only another .006% to final target,
you are still with-in the confines of the RSI-5 play,
macd and $nasi tell me there could be a battle at this turn,
1.5% on 100k is not chump change, i will take it and run
think the message is;
1, trading range is $40-42
2, when you spot opportunites with-in your trade, "pull the trigger"
QQQQ,
Get ready to sell,
looks like option #1 coming into play,
i do not believe we will close the monday gap, (today)
so... if you get 1.5%...take it,
1,look for a noon pause, then sell,
2,look for a noon rally, sell at close,
rsi-target will be met, regardless of todays trade,
RSI- update,
dell & csco supporting the Q's,
msft bleeding slowly to 26,
sell opportunity at 41.23, 41.50
buy opportunity at 40.16
patients is good, rsi-5 target will play out,
the above numbers are based on gap and support,
holler out, if you have different numbers,
All, whats the play for today?
Possible plays;
1, gap up with a strong rally (don't chase it)
2, gap up with a midday fizzle (add short)
3, close the gap and test support $40.16 (add long)
Upside Target; $41.50, rsi to 50, midbollingers,
anything over $41 reduces your longside profit,
pick your play, find your target, set order, go,
todays orders
sell limits 41.23 and 41.50,
buy limit 40.10- 40.30
i'm taking 41.23 for 1.5% gain (we'll see)
i will be busy with my daytime job and will limit posting,
so, somebody step up, and take the ball from here,
give us a target and a exit set-up, so we can hold position or short,
i believe rsi-5 and support/resistance are the strong plays
use your rules or mine at post #19650
lets welcome Trend1
welcome to the board, sorry for the late reply, i ran out of post,
There are a lot of good traders here, everyone has made contributions, the group leaders standing-out are Pokersam & rcptrader (their are other leaders too) the vocal moderator is kenwong. Pokersam is under the weather and rcptrader is awol, so current leader (non vocal) is Nocona,
me? i'm helping nocona run the place,
You are welcome here, and if you want, introduce yourself in the morning when most are here. Just one caution; some senior members had encouters with a "trend" id, (you should be ok)
RSI play tomorrow
rsi is still in play til break-out,
1, gap up and strong rally (don't chase it)
2, close the gap and test support $40.16 (buy)
minimum target is the gap from feb 2, $41.41, with a intraday spikey target of $42, minimum indicator target rsi 50 or mid bollingers
this bounce should buy the bulls enough time to evaluate upside potential, or let bears set-up short positons, i do not believe will get beyond a bounce, (we'll see)
RSI Ugly Scenario
rsi break-out tomorrow and breaks-down the next day without meeting target,
this will set Q's up for a lower low below support,
Q's 2 month chart
RSI-play is not over,
technicaly, not til the break-out,
ah looks good but thats not in the calculations, so, analysis will be made after confirmation,
positive thinking says minimum target $41.50 with a intra-day spikey target of $42
Next Play- mid bollingers & macd,
pending tomorrows out-come,
i'll be moving to the next step, bollingers and macd,
i'll prepare and post later,
lol, long/short its all good
re-CSCO, ah looks great,
so..that should rally the Q's and break-out the rsi
Q's added long
Q's at 40.60, i don't like it, we did not get a SELL off,
but follow the rsi(5) regiment,
position 50% long,
REF Robert New,
letting the rsi-5 play run its course,
and in the mean time, i'll be looking for symmetrical plays at Robert News public charts,
MSFT-covered,
market order,
why cover? focus on Q'S and because i'm not a shorty,
i shorted it cause it was in my line of sight,
its a put your money where your mouth is, thing.
Buying Opportunity coming up,
long or short, doesn't matter, just don't let your fear/greed set in,
do your home work, set your order, then GO,
your gonna be right or your gonna be wrong,
being right is easy,
the question is; what will you do if you are wrong?
re-Woodfish, support-level, risk
that is how i see it, low risk, of-course anything could happen,
but after today, the higher risk is to the short side,
re-BEER and noon orders,
thanks beer, kinda makes me feel better,
All, no morning rally, so look at noon,
the 2 posters highly familiar with noon orders are Beer and Pokersam,
in any case, AT NOON, wait for the low or run with the rally
Ding Dong me, time to buy,
i posted the limit order and did not do it,
Q's price hit 40.10, WHAT A DING DONG!!!
(too fixxaded with msft)
buy now or wait for lunch,
lol, happy trading
Todays Orders
MSFT, set cover 26.30,
QQQQ, set buy limit 40.30,
JNPR, ?????????
RSI-5 play for today
anything could happen today, here are my plays,
QQQQ,
1, close the gap and rally,
2, gap down to support,
3, long at end of day,
betting on #2 and set limit order 40.30, or 40.16 jan low,
i'm not greedy 40.30,