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I'm doing well. I wouldn't trade my problems in for any one else's. hope you are doing well to and the crew. Peace
Wow. Strongest cat 1 I've ever seen. It hit at full high tide with the eye. We had some trees down in the area , but not much damage. I heard some piers were lost like spring maid and some others. Just goes to show, you never know. Hope you made out ok.
Happy birthday. I have 4&6yr olds. They celebrate in spring. Fall rocks too.
Transports didn't have the balls to break out DA. I see some negative signs on your chart. Link back. What are your thoughts if you don't mind?
I agree cap. It's just manipulated and has to come back to normalcy sometime. I'm prepping for a short. On the market that is. Over valued IMO. How'd the marshwalk make out? I heard rumors it was messed up.
Still ranging but the macd took a hit. The main indicator IMO. Bearish IMO. Link back for chart.
The bullish percentage is not supporting the price movement. Bearish IMO. Link back for chart.
Dollars going up. Link back for the call and the text of the equation. Pat pat pat.
Puts at a discount. Link back for chart. Any opinions on that deduction? Thanks for any help.
I think that's a good point. Monthly and weekly are telling a story.
I've read that statistically the 10-50 crossover is your best bet when it comes to moving averages. The 3-10 is a good macd crossover to follow as well. Well Documented stuff if anyone is interested. You always have something good going on gruff. Thanks. Hope you're trading well.
I like that 15,50 macd griff. Also the trend line in play. Thanks for sharing.
Wow. Good post. I've been doing this for a while , but looking forward to using some of your charting techniques. Thanks
Well I hope your doing well, your son too. The season is winding down after this weekend, we locals can get the beach and roads back! and grocery stores and everything else. Here's a link for the board on triple crossovers and other crossovers. I know DA uses some good versions of this as well. I think you have to tailor them somewhat to your self. One strategy doesn't fit everyone.
http://www.investopedia.com/university/movingaverage/movingaverages4.asp
The way I use it for x3 funds in particular is the triple crossover is the green light to buy or sell, but the two fastest moving averages have to be in order as well. UVXY now has the OK to go long, but the price has to now close above all three, the MACD has to give signal, or the two faster MA's have to cross. It's a filter and or setup, then trigger. Get your systems going people- stop trading off the cuff and get some science behind it. just say'n
link back x2 for the chart
man I smell fall coming! bring it on.
Hi, 13 here. Just checking charts and something different I am seeing. Stocks, bonds, and commodities are all showing weakness tonight. Small Caps show some strength. They are primarily US companies and loaded with banks and financial businesses. To me it looks like the bet is that the dollar will go up. Commodities, bonds , and international stocks will take a dive. Remember the insiders have first go. We get the scraps. The charts are the proof of what's happening. Control your risk and have a seat at the table. Good Luck.
Bullish Percent:
Here's a way to use the bullish percent chart. This is a contrarian indicator IMO, and gives a setup to buy or sell. In this chart the Transports are mostly on P&F sell signals(under 30%). Now we look for relatively strong transports or just transports that we would like to buy for any reason. Get the list together and wait for the sector to come back into favor. The bullish percent will move above 30% line and signal to buy. This is a top down approach when picking stocks. You could just buy a fund like XTN as well.
Interesting chart cap. How do those bollies work. They both have 20,2.0 but don't look the same. Thanks for any insight. I like the chart and oil is looking interesting if hold the support or not. Winds been hurting fishing up here. How's everything in the inlet?
LB How's it going? 10% on this chart the other day. I'll tell you what I think when I see that. Very nice, but. I am a small fry. I trade small amounts. If I owned a emini ES contract I would have made "x" amount. I'll have to figure it out later, I'm grilling out. I can tell you it's much much more.
10% in a day is awesome. I think small fries like me should go to futures. The main thing to remember though is to control risk- tough to do with many contracts. 5k margin to hold over night and 500$ to day trade.
Just my two cents on these leveraged etf's.
Burgers done gotta go.
My Rules:
Risk very little Use protective stops
Be Patient and Persistent Take small losses, break evens, and small gains. Large gains will come with patience and persistence.
Try to get in and stay in a trend
Everyone trades differently. How much of a pullback can you handle? How many losses can you take and still let a winner run? Can you buy a pull back or do you like breakouts? These are personal questions to be answered and acted upon by each individual trader. My rules are more general, but I believe they need to be adhered to in order to be successful. Keep it simple.
The M6E contract is an economical way to get into futures and forex trading. Make sure you understand futures first before jumping in. The margin is under 500$, so it is easy to hold over night and you are not forced into day trading as other contracts have margins of 4000 and up in most cases. If you are looking to enter a trend and make some money, then day trading is not going to do it IMO. When trend trading you need to place your stop far enough away from the price in order to let the price move. The noise of intraday action will chop you out every time if you can not risk more than a few points. Not a Good! You know what I'm say'n?
Practice with the M6E getting your strategy down and gain confidence. Then, once you've got that accomplished, you can add contracts or even move on to bigger better things.
My Rules:
Risk very little That's why I'm trading the M6E.
Be Patient and Persistent Take small losses, break evens, and small gains. Large gains will come with patience and persistence.
Try to get in and stay in a trend
Everyone trades differently. How much of a pullback can you handle? How many losses can you take and still let a winner run? Can you buy a pull back or do you like breakouts? These are personal questions to be answered and acted upon by each individual trader. My rules are more general, but I believe they need to be adhered to in order to be successful. Keep it simple.
The M6E is a great tool to use to help answer these questions. This is real futures trading at a micro level. A great place to start before you go onto trading Crude, Gold, Indexes, Forex, other Commodities, and even Interest Rates. Better have a good and tested plan before jumping in with the big dogs.
Just grilling out and noticed a bullish descending triangle forming on the $usd. Just when everyone was getting used to a falling dollar. Who wudda thunk? Gonna check it out more close and add a chart in the ibox.
Peace
Spinning Tops just under resistance. New charts in ibox.
One song in my head as I take short positions
out as quick as was in. I'll keep trying, need momo to lift off from entry. Controlling risk is key to survival, and you better understand that if you want to make money and keep it.
Good Luck Traders!
scaled in 2 tf contracts at lunch time toward my goal. If no more pull back then I have them risk free with stops in place. Seems like a logical place after reversal candle,consolidation,breakout,and pullback. Doesn't get more textbook. We'll see if I can hold 'em.
Stopped out on goal trade. Going with the trend would have been much easier and profitable. Gotta learn the hard way sometimes. Trade with the Trend!
You too LB. Happy New Year! People - trade with the trend , it's so much easier. Don't know why I always want to call a turn. Trade with the trend...please.
Yeah ..catching a knife, not the smartest thing to do.. got a tight stop money management in place. If I miss the big swing , I'll go back to hitting singles. Been doin pretty well with that. One will go over the fence sooner or later.
Doing well sir. Hope you are. Now if this market can get up off the bottom EOD, and confirm my suspicions, I will be doin the happy dance.
added 1 contract to my goal earlier, tight stop - we'll see if it holds. Very close to bottom of the day ;)
This song keeps going through my head...
SPY GAP FILLED
get your catchers mitt out
I smell a short squeeze coming
here's two resources i like to check
http://finviz.com/quote.ashx?t=upl
http://www.morningstar.com/stocks/XNYS/UPL/quote.html