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I don't know about that silver mine fund. Maybe could try SLW. Silver is weird because it's a precious metal but also heavily used in industry. SO far, AGQ is trading better than IWM though, so I am sticking with trading it.
Sell signal today, 30 min TLB, 50.05, but I still think the CO (both 30 and 60 min charts) is too strong for a sell off.
And Tuesday, an open HFE short, 49.69, but I closed it out on the test if the prevHi, and went back long. The CO was very strong on the 30 min chart.
sam, that was a BUY Friday at 47.59. VT/iGH.
Sell HFE 50.31. Outstanding CO diver.
interesting, thanks.
"I therefore conclude that while the weekly MACD VTO buy blocker will eliminate the bad VTO trades it will also eliminate the vast majority of VTO trades as these occur during trading range markets."
Why are you assuming this? If in a trading range, the MACD on the weekly could very well be chopping around above the zero line, which wouldn't eliminate the good VTO trades.
HVU follows the VIX? I see . . .
SO nice to wake up to a 3 point gap up.
I don't trade before RH so I don't use the extended hours charts.
gloe
Not exciting, but have you considered the cosumer staples/consumer discretionary pair?
Some Day One Day (lyrics by Brian May for Queen)
you never heard my song before, the music was too loud
but now i think you hear me well, for now we both know how
no star can light our way, in this cloud of dark and fear
but some day, one day...
funny how the pages turn, and hold us in between
a misty castle waits for you, and you shall be a queen
today the cloud it hangs, over us and all is grey
but some day, one day...
when i was you and you were me, and we were very young
together took us nearly there, the rest may not be sung
so still the cloud it hangs, over us and we're alone
but some day, one day...
we'll come home
Keeping your father in my prayers.
gloe
5 min now CO diver, though it's still weak (below zero).
I need to stop kicking myself. If I were trading off 5 min charts I'd be in my third trade already. I was trying to avoid that kind of thing by going to 30 min charts. So staying long for now. Putting in a stop and going for a walk.
Later,
gloe
I think the BUY on the first bar was a trading error. Mea culpa.
The 5 min CO looks like Cr@p. The 5 min NERS chart is on a SELL from 45.75. Not something I like to see.
gloe
Agree. I'm reluctant to be long here, but the EURO could get a big boost today, causing short covering, etc. etc. I hate to trade off news, and I hate to "chase after gaps."
gloe
No, they are the same. I have what you have. I should not have waited for the HTLB, since it wasn't a true VT. The -100 line break was also a good sign, though that formation in the afternoon wasn't a divergence (price didn't make a lower low.).
Good catch, I was reluctant to go long because of the weak CO . . . (The CO also looked a bit "diver-ish" but not a real diver. Sometimes you gotta tack a chance, eh?
gloe
Buy 45.69 A VTish (not quite because no HFE) TLB 30 min CCI
SLV is fine to use as a sub for AGQ.
Beautiful chart!!
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 . . .)
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
Thinkscript coding manuals (nice of them to have 2):
http://team.thinkorswim.com/manual/dark/thinkscript/
https://www.thinkorswim.com/tos/thinkScriptHelp.jsp?laf=dark
AGQ trades from 11/8/11:
11/8 S 70.21
11/10 B 64.61
11/11 S 68.03
11/14 B 66.77
11/15 S 67.67
11/17 B 55.93
11/18 S 58.77
11/21 B 55.07
11/22 S 60.33
11/25 B 54.44
11/28 S 58.07 A very tricky one. FXA triggered much sooner
11/29 B 57.48 iH&S triggered 30 min.
12/01 S 61.50 Open HFE 30 min with LS. Weak FXA.
Another iH&S setting up! Yes, and with the gap up 12/2, it triggered. But CCI and CO held trendlines and FXA resisted the DMP; weak diver CO on FXA and diver CO on AGQ (all 30 min); so stay short.
12/5 still short AGQ. Gap up R at the DMP and daily 50 MA. EOD buy signals about to trigger though. A small gap up tomorrow may trigger them. But I still don't like the way the CO looks on various time frames.
12/6 B 56.55 CCI TLB 30 and 60 min. Gotta take these TLBs.
12/7 S 59.22 CCI TLB w/LS 30 min followed by shamu.
12/8 B 55.56 CCI TLB 60&30 min; CCI & CO divers.
12/9 S 57.83 CCI TLB 60 min w/30 min LS; weak COs
12/12 B 54.15 30 min CCI & CO TLB w/LS; diver CO
12/13 S 54.80 CCI 60 min TLB
12/13 B 54.28 CCI 60 min TLB
12/13 S 54.22 CCI 60 min TLB Shoulda just stayed short from this morning.
12/15 B 46.45 CCI 30 min TLB; triple CO diver with a prev TLB.
12/16 S 48.09 CCI 30 min TLB; prev CO TLB & diver
12/19 B 46.10 CCI 30 min TLB; prev CO TLB & diver (est., as my QT charts are screwed up)
12/20 S 48.30 CCI 30 min TLB
12/21 B 47.25 CCI 30 min TLB; also CO TLB
12/22 S 47.45 CCI 30 min TLB
12/22 B 46.90 CCI 30 min TLB
12/23 S 46.77 CCI 30 min TLB
12/29 B 39.38 CCI 30 min open HFE w/LS, CCI and CO divers; VT triggered later at a slightly worse entry.
12/30 S 43.53 CCI 30 min gh diver+100 break. Compare ZSL TLB/VT (better looking; post #1512).
1/3/12 B 45.28 CCI 30 mn TLB Yikes!
1/4/12 S 46.29 CCI 30 min TLB
1/4/12 B 46.28 CCI 30 min TLB
1/5/12 S 46.56 CCI 30 min TLB
I see, not something I can duplicate with what I am using. I'm sure there's a way to do it in TOS if I learned a different language and became a programmer.
Will have to study this some more. What makes the Blue BB and red BB?
Very nice chart. Thanks for posting.
When in doubt, follow what the CO is telling me. On the other hand, Bill Cara is bullish on stocks, PMs, and the EURO, and bearish on the dollar. But for now, SELL at 46.56 it is.
But not on my TOS charts. There, the SELL signal will trigger on the first 30 min bar today, if the price is down. So let's see which one is right. The CO shows as weak on both charts.
Looks like a SELL at 46.56.
AGQ trades from 11/8/11:
11/8 S 70.21
11/10 B 64.61
11/11 S 68.03
11/14 B 66.77
11/15 S 67.67
11/17 B 55.93
11/18 S 58.77
11/21 B 55.07
11/22 S 60.33
11/25 B 54.44
11/28 S 58.07 A very tricky one. FXA triggered much sooner
11/29 B 57.48 iH&S triggered 30 min.
12/01 S 61.50 Open HFE 30 min with LS. Weak FXA.
Another iH&S setting up! Yes, and with the gap up 12/2, it triggered. But CCI and CO held trendlines and FXA resisted the DMP; weak diver CO on FXA and diver CO on AGQ (all 30 min); so stay short.
12/5 still short AGQ. Gap up R at the DMP and daily 50 MA. EOD buy signals about to trigger though. A small gap up tomorrow may trigger them. But I still don't like the way the CO looks on various time frames.
12/6 B 56.55 CCI TLB 30 and 60 min. Gotta take these TLBs.
12/7 S 59.22 CCI TLB w/LS 30 min followed by shamu.
12/8 B 55.56 CCI TLB 60&30 min; CCI & CO divers.
12/9 S 57.83 CCI TLB 60 min w/30 min LS; weak COs
12/12 B 54.15 30 min CCI & CO TLB w/LS; diver CO
12/13 S 54.80 CCI 60 min TLB
12/13 B 54.28 CCI 60 min TLB
12/13 S 54.22 CCI 60 min TLB Shoulda just stayed short from this morning.
12/15 B 46.45 CCI 30 min TLB; triple CO diver with a prev TLB.
12/16 S 48.09 CCI 30 min TLB; prev CO TLB & diver
12/19 B 46.10 CCI 30 min TLB; prev CO TLB & diver (est., as my QT charts are screwed up)
12/20 S 48.30 CCI 30 min TLB
12/21 B 47.25 CCI 30 min TLB; also CO TLB
12/22 S 47.45 CCI 30 min TLB
12/22 B 46.90 CCI 30 min TLB
12/23 S 46.77 CCI 30 min TLB
12/29 B 39.38 CCI 30 min open HFE w/LS, CCI and CO divers; VT triggered later at a slightly worse entry.
12/30 S 43.53 CCI 30 min gh diver+100 break. Compare ZSL TLB/VT (better looking; post #1512).
1/3/12 B 45.28 CCI 30 mn TLB Yikes!
1/4/12 S 46.29 CCI 30 min TLB
1/4/12 B 46.28 CCI 30 min TLB
Yeah that CO sure took its time.
Isn't it funny how we keep looking for the perfect indicator (or combination of indicators) and the perfect timeframe?
Although today's opening gap was against us, the first 30 min bar formed an HFE buy signal, confirming our position. Later, the CCI had an iGH, VTish formation, with a TLB as well, further confirming the BUY signal. So we are still long.
The CO is very weak, though. Not really a diver, but I don't feel the CO is confirming this move up.
Price made a lower low and the CCI made a higher low. Now I really have to go.
gloe
Good job. After constricted BBs, wait for a lower value and price.
Gotta go shop. Later.
gloe
M, last year the market really "rolled over" after chopping around at the highs for a while. The SnP had a H&S on the weekly chart. So the MACD lines corssing was very neat and not whippy. But other years, "the top" didn't happen as slowly, and the MACD as well as the CO chopped around quite a bit.
Nice trade. It was a CCI diver also, and VTish (an HFE followed by rounding).
gloe