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Metal, re; your position
are you long, short cash? based on?
and did you short from yesterday? why/why not?
i am following your method for my enter/exit points, on the Q's
Freemarkets, re; t/g,
my t/g plan,
i will use t/g to go long on stocks in the same direction as market,
trading QQQQ consistantly, can bring a trader decent gains,
but trading options and individual issues can reap great rewards/loss,
Verify the story;
i have verified a couple of there win/loss' (looks ok by me)
and if indeed tradeguru is making calls on good fundimentals and reliable patterns,
i will verify their stock picks with fundimentals and chart patterns,
then pay the monthly fee and go long,
what i like is, a trader that can pick a pattern, with-out a bias
call it as they see it not as they want it to be
i will check out the others but a reply to one of your picks,
IPS formed a symmetrycal Sept-Dec with a target of $92
i'll send a chart later with trendlines
IPS
http://stockcharts.com/h-sc/ui?s=IPS&p=D&yr=0&mn=6&dy=0&id=p68844994542
FreeMarkets, re; tradeguru
if you don't mind, or if you're not violating any rules,
throw out a couple of ticker symbols from those trades,
and let me or others pick at it, for direction,
there top stock ATI, formed higher lows Oct/Dec before going parabolic,
i believe their stocks have good fundimentals and highly reliable patterns,
ALL, symmetrical patterns
are the way to go when properly identified, its big money,
so far i have been good at sbux, but failed to correctly identify others,
there is a triangle currently forming on the Q's today, (if my view is true)
pokersam was really good at it, thats why he's that ego thing going,
http://www.chartpatterns.com/
wonderboy, re; sbux thanks
i sold at 34 before it got to 10% based on general market going down,
still, a profit is a profit,
all,
target 1, sbux goes to 40 from here,
target 2, retest 32 before going to 40,
oh well if it goes to 40, but jump in if it goes to 32
oooh,
lock the doors, bolt the latches, sell everything, crash crash,
Q's & S&P symetrical chart
index's showing symetrical triangle, and the stoch crossing over
i am holding long and will wait for the break-out,
if its down, then i will let the triangle play out to support, then add more long
QQQQ, downside target 39.27 and 38.35, based on symmetrical,
qqqq
spx
MetalFillBoy re; your charts,
i also went back to dec posts to review your charts,
i would not use them to trade daily myself,
but i wouldn't mind using it near daily rsi(5) 70/30,
at trend changes, toppy markets, enter and exit points,
so..keep posting your charts, i'm studying them,
MetalFillBoy re; breadth charts
i was curious about your system and
this is how i view your charts,
bollingers,
is repeating the action from jan 23rd,
price is moving away from upper band,
and then bands tighten, bias is to upside
si no call, osc no call
macd
green line is about to cross the blue, thats a plus
based on bollingers, i say we go up from here,
i suppose i would wait for price to get closer to upper band,
QUESTIONS
1,do you trade this method?
2,how often do yo trade, hourly? daily?
3,which chart do you use, to initiate a trade?
kenwong re; Pokersam (re: where is he?)
ken,
i hope ya don't leave this board too,
you have good posts, indicators and people do follow you,
cc me, torqputty@yahoo.com, if you decide to move,
or maybe your website could be "the" board,
marin re; the other board,
i read thru that board over the weekend
and most of those posters are "bears", waiting for the market to crash,
and i did not see a whole lot of t/a share,
GLENO34 re; cci and bollingers
cci below zero?
i have all those at above zero but below 100,
http://stockcharts.com/h-sc/ui?symbol=QQQQ&period=DAILY&years=0&months=3&days=0&...
bollinger;
i see price is close to your upper bollinger band, (more upside?)
and i see your symmetrical;
if true, tells me we could break either-way for $1.31,
calculation based on the lower line, upside target $43.70
SBUX showing continuation pattern
sbux broke out in after hours,
bought sbux at 31.30 today based on rectangle continuation pattern
lots more upside, if the pattern holds true,
http://www.chartpatterns.com/rectangles.htm
Kenwong and trix
i like your poor-mans indicator and website,
i use it to support (maintain) my current position
http://stockcharts.com/h-sc/ui?symbol=$NDX&period=DAILY&years=0&months=2&days=0&...
S&P testing mid bollinger,
S&P/spy testing mid line and should go back up,
also the bands are tightening,
i'm not great with bollingers but, i think tightening is significant,
position is long til price and upper band meet,
S&P with bollinger
http://stockcharts.com/h-sc/ui?symbol=$SPX&period=DAILY&years=0&months=3&days=0&...
all, S&P and bollingers
price has successfuly crossed mid bollinger,
what are the chances that it hits the upper band?
OT re; Bear steak
this is getting out of hand, i know,
but here's a bears steak and a bear that got ran over by a bull,
bear steak recipes
http://www.bowhunting.net/susieq/bear.html
CJ, re; 8 YEAR CYCLE??
pls explain
when did the 8 YEAR CYCLE begin/end?
it begins this year? or we are halfway thru?
and this is based on parabolic t/a? any fundimentals?
in addition, re; pokersam challenge
pokersam's accuracy will be tested this coming week,
and if succesful, will thus show his strength, on the daily trades,
everyone has strengths and weakness', i myself absolutely lose money intraday,
and am stronger weekly,
FreeMarkets, let it ride,
if pokersam can call the daily market with some accuracy,
then this i want to see, let it ride and see what the the week will bring in,
you all may want to see him go to work,
pokersam that's no contest,
you're by far more advanced on the daily and intraday than most on this board, so this really is not a "fair contest" and the advanced traders don't want to play,
however, if you truly want to play and not just venting, then a real challenge would be the weekly calls up/down,
Q's this coming week is up, that means on the plus by close on friday,
daily rsi(5) and the bullish cycle
2001-2003 time frame,
rsi(5) spent more time below 30, than above 70,
and the MACD spent more time below zero
2004-2006 time frame
rsi(5) spent equal time above 70- below 30,
and the MACD spent more time above zero,
What's the point?
the current rsi(5) below 30 is being bought up,
and the chances of a loss, is recoverable,
i believe;
near S&P 1350, NASDAQ 2600,
when (if) the market fundamentals break-down,
then shorting rsi(5) at 70, will become the significant,
lol, happy trading
2001-2003 time frame
2004-2006 time frame
RSI(5) is the best tool
the best to trade the Q's, and simple,
if you annotate back the last 12 months you'll see that
when rsi(5) breaks, its a sure bet that it will meet the mid bollingers,
long or short, mid bollingers is the minimum target,
in addition, you'll see that it can double dip below 30 or double top above 70,
here is an example trade plan; going long
1, initiate 50% below 30,
2, initiate the other 50% when it breaks up,
3, to hold position, your other indicators need to follow,
rsi(5) is for enter and exit, your other indicators support your decision,
4, when above 70, and you are in the money when rsi(5) breaks, take it,
regardless if price continues past you,
5, be paitient if you enter a trade and price continues to plummet,
rest assure, (as a minimum) you will get back out where you entered,
you will get back to mid bollingers,
6, you are not trying get every pennie, and you won't,
the "idea" is to get most of the meat and leave the scraps,
Q's rsi(5)