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Duma - I don’t know much about interest rates or Bonds. I’m just happy to be getting almost 5% at my Credit Union on a 3 month CD - no stress. I think you could get over 5% with a 4 week T-Bill through Treasury Direct. I remember in 2007-8 I was getting an amazing MM rate at Washington Mutual before they went bankrupt - next thing I know savings rates are almost negative 😳.
Duma
Thanks, Appreciated!
Michael
Duma
Could you share a 15 minute chart?
Thanks
Michael
Fat
I was referring to Think or Swim (TOS). Your chart looks similar in design. I didn’t know TradeStation used Ticks. Nice charts!
Thanks for reaching out.
Fat Stax
Would you be willing to share your TOS chart set-up?
Michael
Thx
Duma
What's his Twitter handle?
Thx
Michael
Spdpro
Could you post the link so I can check this out on my TOS?
Thx
Michael
TREND
Just wanted to let you know that some of your entries are somewhat confusing as some are when RSI is below 30 and others are when RSI comes back above that threshold on NUGT, TQQQ and GUSH. Is there a specific reason for this?
I've modified your system somewhat as I use RSI(2&3) and STORSI.
Keep up the good work!!
Michael
Trend
Watching NUGT/GDX for next Long set-up.
Also, creating my own watch list for what might be a good fit. I'll post the list later.
Michael
Thx
Much appreciated!
Michael
Duma
Could you post your 10 minute chart again or give a past posting number?
Michael
Not bad big guy!!
Trend
Very nice - something I can sink my teeth into.
Thanks
Michael
LOL
Trend
What is your "rule" for going to cash on June 9th? It appears that CCI peaks but doesn't turn back down until the next bar.
Thanks
Michael
For TNA that is -
Trend
Try CCI (31)
TREND
OK - I'm on board. I think you've got a good thing going here. I will see if I can marry anything to my TOS set-ups.
Thanks for sharing - and thanks for the Board.
Michael
Trend
Don't get me wrong - I like what I see. And I read all of your posts. I'm still trying to wrap my head around how you got your Daily entry. When I look at the weekly chart and SPX50 divergences - it seems like they fire off after the Daily chart signal. I would be able to understand the Daily entry if maybe there was a higher low involved.
Trend
Your weekly chart shows the trend changing on the second bar after the low was put in. To me that means the daily chart would not have triggered a bullish scenario until the last trading day of the second week. This would make the entry of your first trade on the 26th or 10 bars after you show your initial entry point. I think that is the only fair way to present this.
Michael
Trend
My question is how did you ascertain that the trend was up on the first bar after the low of the downtrend was put in? If you determined that the uptrend started later as price unfolded - wouldn't you have to disqualify the first trade or at least have the entry point at a later bar when you decided the uptrend had begun?
Michael
Haha
63.49 is 4 ticks from filling the GAP from the beginning of the year. I am in the camp that somehow those 4 ticks are taken out. Maybe a gap up and then a reversal. No Good GAP Goes Unfilled.
Duma
Just wanted you to know that I glean a little from each of your set-ups. For me - TNA/IWM work best if I am trying to optimize my parameters. I won't trade anything that doesn't fit into those set-ups (and that makes it a very exclusive club). I enjoy the Board immensely. Keep up the good work and know that there are those of us behind the scenes who go through the Board's post at the end of each day looking for little nuggets.
M2
Let's say this - I've seen many chartists write when the next Bradley Turn Date will be but I don't know if any of them plan their trading around them. Footster has said Bradley Turn Dates can have a plus or minus 4 days to the projected turn. I guess some of them work but I believe they are part of an "astro" projection which I can take or leave.
Now - for my VOODOO chart (LOL) - or "The New Bradley" as I like to refer to it, is based on the "Chaikin Money Flow" offset by 15 days - pretty scientific if you ask me. I just created this a month and a half ago and am watching it for now. It would be interesting to see if money flow could be a precursor of things to come.
Who knows - but if the market sells off next week - I'm all in LOL.
DUMA
Thanks for the explanation -
Appreciated!!
Michael
DUMA
On the 15th of March - should there have been a TZA entry - and then an exit on the 16th?
Or was there a circumstance that held you out of that trade?
Also - with your new rules - does price only have to touch the MA to qualify or should the bar that touches the MA at least have to close above it?
Thanks for all your work.
Michael
Duma
I've e-mailed Americanbulls in the past regarding a signal where their position didn't match a gap down or up the next day and they said "it works both ways - end of story". So, long story short - can't trust or make sense of their numbers.
Michael
OK - Now I see why the trade didn't get stopped out.
Have you considered the problems if price reverses and the BB continues to run from price or price has a hard time trying to violate the lower BB band as the band widens to the downside?
The chart you just posted is the chart I'm referring to - you have a trade initiated on March 4th. Is there no stop on this trade?
I'm looking at your TZA chart with BB(50,2.0) and ENV(50,4.0). The gains say Mar 7th but the trade was signaled on March 4th and Closed out on the 10th for a 6.6% gain.
On the 7th - price went against your entry price by at least one full point and it does not look like there was a swing low before that to give you a level for a stop.
TREND1
I'm looking at your TZA 60 minute chart. On March 4th when your chart says to go long TZA - how did you position your Stop? Or are there no stops on that system?
Thanks in advance -
Michael
Like Duma says - just leave the color choice in "auto".
So far - when all else fails and nothing else seems to be working -
http://tos.mx/pOZr7t