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why do you use 3% as your target vs. any other % ... I am trying to find out if 3% has been a historic increase before a pull back.
Simplicity works best when you have a rock solid Business Plan
Thank you very much and see ya around the campus.
Need some help?
when is entry at close. EOD or at near Fridays closing price.
stop loss at YLow, what is YLOW
understand profit target of 3%.. like that idea very much
how do I plot or create a "Joanne Money Wave" on my SC charts.
re: stop loss
I can't recall if a stop loss order was mentioned. What is the boards opinion on limited stop loss orders and at what percent.
I still have a 6% stop loss order no matter which color pops up. Let's say it went green at first then later it went to red. Still the stop loss order is in check. Anything can happen all week. If it is a minor loss, that was a Business decision. Trading is a Business and must be treated as such.
Let's say if it is red, of course I won't trade and call it a day or week and get them next week. But, we have to look at the inverse side as in Tetter Tottering.
Maybe it is me since I got all my training from trading the QQQ's along time to where it becomes routine.
Jaws,
Q2..Freestocks weekly chart shows the end of the week, while Stockcharts show the beginning of the week.
Q3..TNA is above the trend line (50ema), TZA is far below the (50ema). I use the CCI as a guide and flow. note TNA is trying to break the Zero. If it breaks above the zero line the stock tends to rise and head north to the 100 line. Stocks will always rise when going above the Zero line and the stocks that start to sink below the zero line head south towards the Oversold (-100).
Now, when Monday morning comes usually the crowd make all kinds of trades within the first 20 minutes. What ever colored bar appears we go with the flow. Then we watch the closing side on the current bar. The chart is live and if the current closing bar is below the previous bar, the bar would most likely show up red. If the closing bar rises above the previous bar, the stock will mostly likely turn green.
Some traders don't have real time service and rely on the 20 minute or more delay chart. Hence 10 am is the time to make the decision of go or not to go. Bets are off if there is a nice gap up or gap down. The opening side of the bar makes no difference.
There is alot to think about in a blink of an eye.
CCI cheat sheet....http://www.onlinetradingconcepts.com/TechnicalAnalysis/CommodityChannelIndex.html
Like to place these chart side by side
http://stockcharts.com/h-sc/ui?s=TNA&p=W&yr=0&mn=8&dy=0&id=p22220671395
http://stockcharts.com/h-sc/ui?s=TZA&p=W&yr=0&mn=8&dy=0&id=p30452311095
http://stockcharts.com/h-sc/ui?s=TZA&p=W&yr=0&mn=8&dy=0&id=p84776364323
changed the size below to 1280 for a 8 month chart.
re: TNA
B - June 16 @ 75.60
S - July 7th @ 82.75
for a gain of 9.4577 percent
Then to the inverse same day
re: TZA
My preference is WEEKLY on Mondays at 10am.
B - July 7 @ 13.75
S - waiting for Monday July 28
for a gain sofar up 10.69 percent
This avoids all the noise during the week. What ever it says to do on Monday morning, do it, regardless of the color. Then make adjustments.
With your 3 percent and out assures you of earning 3 percent when it hits the target price. After each play compoud the principle plus the profts into the next play. Or perhaps stay the course for a solid 3 percent and out. That is a nice plan in not trying to be a little piggy. Discipline werks best.
Sure, change in the bottom panel your Color Scheme. then save chart by selecting the Linkable Version Tab just below the chart then click on "Reload with link" then look up at the URL bar a long string of characters. Otherwise to a default of which you get a miffed.
You may change to any color that you are comfortable with.
http://stockcharts.com/h-sc/ui?s=TNA&p=D&yr=0&mn=2&dy=0&id=p81125440501
http://stockcharts.com/h-sc/ui?s=TZA&p=D&yr=0&mn=2&dy=0&id=p63524491668
peruse at your leisure my Tetter Totter principle and how it works in creating a MDP (million dollar portfolio). also the Green bar / Red bar.
http://boards.fool.com/re-tetter-totter-principle-re-30309372.aspx
http://boards.fool.com/grasshoppers-i-see-that-you-are-doing-well-with-31193816.aspx
Yep, have SC EXTRA as well. In the old days, the current daily bar use to be high lighted in green for real time charts. Now, I am seeing yellow.
I was looking at the Freestockcharts.com site.
http://www.freestockcharts.com/platform/v1 if TNA doesn't show up, place mouse on the chart and type in TNA. For speed keys, place mouse on chart and type a 1 for daily or a 5 for weekly.
Here's where we would go long with TNA. The inverse is TZA since it is going down town for the last three days with the daily chart while TNA has been rising for the last 3 days. Weekly will be long all week sofar for TNA. Luv it when a plan comes together.
The tetter totter applies. https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcShsCfAF7V0U0BH77KUGkbJYjE0Yv75yyAl
looking at the Freestockcharts
TNA weekly only from June 2nd to July 1st per the two (2) rules at 10am EST got only 18.75% which is far better than the S&P 500. The fourth option would be to add 100 shares after the first green bar going north until the next red bar pop up at 10am EST.
For side bar action, playing the weekly QQQ's since 1999. April 28th to this week is about 12.73 %. However, been adding additional shares every week on Monday while the QQQ is heading north. Something to ponder.
Kewl WEEKLY chart. I am subscriber to Stockcharts. How do you get the blue trim around the chart. I like to use weekly because of less noise. Your down cycle matches my red bar signal at 10 am EST for the 24th of march. Actually we are on the same wave lenght but, another way. Small werld after all. Is your ema's 13 over 15. However, I use the CCI's that rise above the -100 line, then then take off for a very nice profit. As I see it, your up and down cycles start on the blue line at ramdom times. I usually stay away from the blue lines and just wait. Maybe I don't know how the blue lines work.
No, in any shape or form. Just introducing another way to trade/invest the TZA/TNA and other ETF's via the Tetter Totter Principle. Have been trading ETF's since 1999 especially the QQQ's via the Green/red bars. Most of my time is on the Motley Fool FAQ's helping others.
re: TZA / TNA tetter tottering
re: 3 percent rule applies
re: two (2) simple rules
re: Weekly
http://www.freestockcharts.com/platform/v1 should be TNA Weekly, if not move mouse to center and type in TNA
http://www.freestockcharts.com/platform/v1 should be TZA Weekly, if not move mouse to center and type in TZA
http://www.freestockcharts.com/platform/v1 should be IWM Weekly, if not move mouse to center and type in IWM
http://stockcharts.com/h-sc/ui?s=QQQ&p=W&yr=0&mn=8&dy=0&id=p19728082561
http://stockcharts.com/h-sc/ui?s=PSQ&p=W&yr=0&mn=8&dy=0&id=p21919158793
http://stockcharts.com/h-sc/ui?s=TZA&p=W&yr=0&mn=8&dy=0&id=p96671840478
http://stockcharts.com/h-sc/ui?s=TNA&p=W&yr=0&mn=8&dy=0&id=p86549357951
http://stockcharts.com/h-sc/ui?s=IWM&p=W&yr=0&mn=8&dy=0&id=p13183811186
"GREEN BARS, RED BARS"
WEEKLY Charts via Monday Morning at 10am or earlier to Friday. Come the following Monday morning, it's a go or a no go.
Two simple rules apply.......
1. Buy first Green Bar after last Red Bar.
2. Sell first Red Bar after last Green Bar.
Option 3, Is for we Simon Sez players, another Cash Cow.
re: au revoir.....ohvua for now.
Chart, Professors, Students et., al.
I am going to have to leave for a while. Being a Caregiver 24/7, is taking it's toll.
It has been a pleasure and have enjoyed my stay on the campus for as long as I could.
My best regards to all and enjoy the journey.
Quillnpenn
re: GMCR
valuemunger, excellent find, have same readings.
Let's hope we have a great day.
re: GMCR
valuemunger, excellent find, have same readings.
Let's hope we have a great day.
re: The Heiken Aishi candles
Valuemunger,
can you show a sample chart. I might not have acces to these types of charts.
15 min re: FAZ buy / FAS sell 15 minute chart
15 minute chart....sell FAS at 2:54 @ 7.12
15 minute chart....buy FAZ at 2:54 @ 19:05
re: 15 minute FAS
Getting ready to sell FAS the xovers are there
5 min re: FAS buy / FAZ sell 5 minute chart
5 minute chart....buy FAS at 11:30 @ 7.07
5 minute chart....sell FAZ at 11:30 @ 19.11
5 min re: FAZ buy / FAS sell 5 minute chart
5 minute chart....sell FAS at 10:45am @ 6.83
5 minute chart....buy FAZ at 10:45 am @ 19.73
re: FAZ
da dow is dropping and the FAZ is showing some action that is on the rise.
Quillnpenn
re: 3x MDP (million dollar portfolio)
re: simplicity
Valuemunger,
the portfolio is using daily charts via the WT. The other two(2) are using 2x from a bunch selected etf's, one with just the 13/50xover and the other 3x using the WT. The WT keeps me very busy on the daily while the 13/50xover is like watching Benny and the Blades (lawn) grow.
going forward.
ans 1.....use a trailing stop loss order
ans2......since the bid and asked are tight (less than .04) and the etf's fly to freaking fast use the market order for entrance and exits.
ans3......because it is daily, you only review the charts at 10am, 12:30am and 3pm. for any changes of the wT.
ans4......there is no pressure here, just be kewl, have patience. the last group of changes was on march 10th and if noted, these guys are on the bull side of the ledger.
Start thinking of expanding the 1% to 5% if using the Daily charts as follows:
All targets fixed at 5% and out.
When stock reaches 3% above entry price, stop loss is raised to 1% above entry price.
I am sure, all of our peers are chipping in to help each other.
Best regards,
enjoy the journey and see ya around the campus.
Quillnpenn
15 min re: FAS buy / FAZ sell 15 minute chart
15 minute chart....buy FAS at 10:00am @ 6.86
15 minute chart....sell FAZ at 10:00 @ 19.65
Ned,
I am in the blind with respect to stockcharts because I don't have any real time service any more. I can only view daily charts and a few 20 minute delay 15 minute charts of FAS,FAZ,BGU,BGZ that were provided by pHiLtHy.
http://stockcharts.com/c-sc/sc?s=FAZ&p=15&b=9&g=3&i=p03097103070&a=159176998&r=8510
most of my jibberish is from the WT and the Woodie CCI(20) another automated software attachment.
Quillnpenn
Ned,
the rsi is pretty kewl stuff. As for the WT (wave trade), the WT is an automated software version my Nivana systems of the Elliott's Wave.
http://en.wikipedia.org/wiki/Elliott_wave_principle
http://74.125.47.132/search?q=cache:zipf20AmR9oJ:www.market-harmonics.com/elliott_wave1.htm+elliotts+wave&cd=2&hl=en&ct=clnk&gl=us
http://74.125.47.132/search?q=cache:HZsTDJj8FlYJ:stockcharts.com/school/doku.php%3Fid%3Dchart_school:market_analysis:elliott_wave_theory+elliotts+wave&cd=7&hl=en&ct=clnk&gl=us
I believe Vauluemunger has a Thinkorswim (TOS) brokerage account and they provide a form of the WT via the Zig Zag method.
Quillnpenn
15 min re: FAZ buy / FAS sell 15 minute chart
15 minute chart....sell FAS at 9:30am @ 6:39
15 minute chart....buy FAZ at 9:30 @ 20.69
re: MDP (3x Million Dollar Portfolio) daily charts
Today's value as of 3:45pm 3/23/09 : $871,367.09 profits, up from $722,387.87 on Friday, 3/20/2009.
Quillnpenn -
re: GMCR
Valuemunger,
It is only going to get better.
Other than having several monitors, the other choice is to split the monitor to show 2 to 4 charts at the same time.
http://www.atdec.com.au/Content_Common/pr-Multi-Screen-Mounting-Solutions_VISIDEC-Focus-Freestanding-Double-Vertical.seo
Quillnpenn
erythrite,
we wait until 3:50 to see where the charts are taking us.
perhaps you could buy XLF and ride the wave in tandem.
Quillnpen
Gap up/dwn
Valuemunger,
Peruse the following:
http://64.233.169.104/search?q=cache:GtN_9VMAY5sJ:www.swing-trade-stocks.com/gaps.html+trading+gaps&hl=en&ct=clnk&cd=5&gl=us
http://boards.fool.com/Message.asp?mid=25998230&sort=postdate
http://64.233.169.104/search?q=cache:calI1_MH96UJ:clearstation.etrade.com/cgi-bin/events%3FCmd%3Dtechev+gap+up+gap+down+scans&hl=en&ct=clnk&cd=11&gl=us
http://clearstation.etrade.com/cgi-bin/drill_event?Event=GapUp
http://moneycentral.msn.com/investor/finder/deluxestockscreen.aspx?query=Gapping+Up+Today&btnQryFrm=Go
taking a kwik shot at posting a template, if don't work will yank it.
Gap DOWN rules :
Low day before : 0 minus high on Gap Day : 0 Equals Gap : 0
High Gap Day : 0 minus Gap : 0 Gap down target : $0.00
Gap UP rules : Most significant sign of Accumulation or Distribution
Low on Gap day : 0 minus high on day before : 0 Equals Gap : 0
Low on Gap day : 0 Plus Gap : 0 Gap UP target $0.00
Note ! Just fill in the yellow boxes. Light Blue is suggested target price.
Refer to Stockcharts.com | stock scans | Gap Up and Gap Downs.
At Clearstation.com | Glossary Gap Ups Tag & Bag
Ticker Closing Gap - UP Percent Buy @ Target
eeln 3.38 3.45 2.07% $3.42 $3.59
incx 15.98 16.36 2.38% $16.18 $16.99
re:FAS
Valuemunger,
As I observe the 5 minute chart, the WT and the Woodie cci have to agree with each other. note at around 11:20, the woodie dipped down for 6 bars and continued backup with another dip at 13:00 for only 1 bar. along the way, the WT (wave trade) stayed steady.
Man, we now have a fire drill
another thought is to glance at the DJIA to see if it drops 20 to 30 points. If you see it moving quickly, you check the charts.
Valuemunger, FAS ...5 minute fire drill bong bong bong
will get back on the gap as soon as the 5 minute fire drill on FAS has a sell signal at 6.22 and a buy for FAZ at 26.42
re:FAS gap UP
IHUBfan, this not a really a gap up per se. otherwise I would have run the numbers using the gap rule template to find the best opporttune time to sell the ETF.
re: FAS / XLF /
Valuemunger,
Note the 5 minute gave a headfake and the 15 minute is still on track.
I prefer to stay with the 15 mintue and keep an eye on the
5 min in the rear view mirror.
re: fas
IHUBfan, not at this time. Notice the Dow is going to a nice day today. Enjoy the ride and take some profits when they occur.