Every Trade is Based on A Chart, Moving Average Crossing and pivot points, support, and resistance
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3 minute chart is already calling the top.
Guessing 15 minute chart is still about 15-30 minutes away
Exactly. I still have the market short myself. After the initial findings this morning, we will learn more in a while
with what you learned day one, first you now have to start creating a discipline to the alligator mouths. Its not about jumping in, its about waiting for your alligator mouth to happen. Keep paying attention to your divergence, and when you see it, and the alligator mouth opens, you start seeing your play at the right time
Hope you enjoyed the lesson yesterday.
Any questions, Please let me know.
That should be about the HOD.
I'm giving the market 30 minutes to settle to see the real move today
Don't get fooled by the morning gap.
NQ says down from here.
Good Morning
Mountains are amazing.
Views of the entire city off our property.
New Plan, Going to build my dream Home...
So I guess its time to get to work and make the money. Starting Tuesday Next week, I will be around in the AM.
MACD and Histrogram, the simplest way to trade, at least for me.
Take some time and just watch. Learn when it moves, what the HISTROGRAM and MACD do. Watch all charts and you will see the consistancies
Got to run... Busy day in the Mountains, Son comes in at 10 tonight. Haven;t seen him since graduation and its almost a month we haven;t been together.
Watch Histrogram candles on the MACD. When they change sizes, the direction changes. Watch on all charts 3 minute through daily. Histrogram candle sizes tell direction more than anything else
4381 is the 15 minute support NDX
Right whee we are at is the hour 2 hour.
I for some reason see the 4381 as the real test and 4390 as the pin that needs to be set. On the daily NDX set a pin candle and set a price tag. This normally means change of direction.
All charts go back and retest when changing directions so right now this is expected. I am paying more attention to calls that Puts right now and watching the premiums.
The 15 minute is setting up for a perfect sideways support level about this level which will set up a Head and Shoulders Pattern.
Its Friday, Many want a 3 day weekend, so I expect sideways. Since I will not carry over night over the weekend, I can;t see a reason to stick around just to watch this stay sideways all day.
With that said, if it breaks the Price label on the daily, then it will truly tell us more downside.
2 things to watch for today
Sometime we have to step back and just watch to see the simplest things.
More Downside
Keepinvesting: I haven't disappeared, Just getting things done and clearing the mind. Ancient Chinese Secret
You truly want to learn, then the first lesson is Patience. if what your doing in the market isn't working, Step away and don't play. Focus more on having money for when I return. The easiest thing to do is get caught up in Greed and right here right now. I have explained it only takes a few months for big things to happen, and even if it took a year to learn, you have to learn patience for it all to stay.
Making the money is easy: Protecting the money after you have it, That is the hard part. That's why God is teaching me the basics of patience. I wasn't near the market for 24 days, and the first day I came back, I watched, the next day I made a 1/2 months income in one trade.
I probably won;t trade for a few days now.
So you know, I am about 2 weeks away from being able to start teaching again, at least I am hoping the first week of July, I will be ready
Just what I need. A couple acres to build a Winter House. Colorado is beautiful, but from what I see, not so sure I want to spend my winters here.
Hows the trading world? The biggest thing that has been shown to me, my patience have grown, the greed is gone, the I have to play has disappeared, and I see things very clearly. The big man upstairs has me dialed in and focused on so many things. You know that thing Multi-Tasking. I have so much going on and still have as much time as I had before I moved to goof off.
I have learned that Family and enjoying time with them is the most important thing in life. Priorities, that's what I needed in my life.
I hope your doing well...
finally about stocks. I have learned a lot about the MACD and Sto combination. I use the fear the sto, when it turned I thought the play was over, when actually it really doesn't start until it bottoms or tops.
Today: the biggest thing to watch is the MACD retest on the channel break out. Need to find out if the base line bottom has set or if the channel was just bought through. The NQ number is right on the 15 minute retest. My expectations are if we are going to go up, then we have a few days of sideways trading,
Dotnet: I'm getting Closer.... Just remember. God does things at his pace, not ours. he would put me in a place that I can help others to the maximum potential.
In the mean time. Don't get tied up in the market as much as trying to build your account. Eliminate all outside noise and work on control of your emotions. Emotions and Greed are the 2 of the things that I have learned hurt us when trading, the other is GREED.
Good Morning Knights
Hey NLIGHTN. Hows Florida Treating you these days.
I'm starting to get a little comfortable here, but still not my own place. I can;t wait.
NDX did exactly as the 15 minute macd and Histrogram stated.
A drop yesterday continued today and when it crossed back went up 40 plus points. It is doing exactly as the macd states and now it is saying channel line needs to be watched very carefully.
A break above channel will tell us a long and if no break out tells us more daily MACD fall.
The daily sto tells me that we might be looking for more upside. But I will wait for other conformation like the 4 hour and 2 hour chart.
I am learning, to trade NDX, just take what it gives you and don;t be greedy
4357 seems to be the bottom on NDX. My best Guess and where I thought it would get to.
Nothing goes straight down or up.
Pick your poison
NDX huge support level. If there is going to be a reversal, this is a place it could actually happen. Anyone holding puts, Myself I take something off.
Because of volatility, Premiums have jumped through the roof on NDX.
Yesterday you could have bought at the money near 13 now there 18.
Normally next weeks about 28-32 now 50 plus.
This should tell you there is a lot of money going into the puts.
Myself, Sitting on my hands as the sto is at the bottom, Also sitting on Support, but looks thin. Next leg down on NDX could be over 100 points.
With that said 4350 is channel bottom line. What I expect it to hit today or tomorrow
Just keep an eye on the 15 and 30 MACD, I agree that the bottom should be set in anytime. Only problem the one hour and two hour MACD just flipped negative again on the histrogram usually setting up for 2nd leg down first.
The 4 hour NDX MACD is opening its gator mouth and I honestly see negativity.
Vegas, Being that I haven't been in the market in a while, There is no foggy ideals in my head that make me see things any different than what they say.
As long as the MACD Histrogram is dropping and growing to the south on NDX, I only see a few things that can happen
1) Eaten of Premiums like yesterday
2) Huge drops at open and sideways all day,
3) Test and retest on resistance
and finally and maybe a collapse and big down day.
I missed the re-entry on puts yesterday afternoon but still happy with the profits for the week. I told myself there would be a big Thursday but not having your own place to chill causes huge distractions. Thinking this could drop another 20-25 points today on NDX
Yesterday was a great day to get out. It took me out guessing mid morning but a nice profit. I haven't looked back at my decision.
If you watch today you will see the 15min-2 hour macds are climbing but without much enthusiasm. Today is what I call eating day. All the premiums are being eaten away and the only people making any money are those selling puts or calls, which is a good way to make money if you have enough money to play this way.
If you pay close attention to the premiums and the macds today, you will learn that the media and macd's work hand in hand. The sky is falling the macd's go up. Tomorrow Thursday could be a good day to play to the put side. It all depends on just how far the 2 hour MACD can rise and that the 4 hour MACD stays steady level.
Keep a strong eye on the 15 minute macd. It could rise and fall a couple of times today but if it falls back under the 9 at end of day on either the hour or 2 hour, it could be a good payday for tomorrow
Its not how often you play, its that you play when the move is there.
My NDX 4420 that I bought at 20.15 have now doubled and are worth 43.25. I only had 2 but that is a pretty good 2 day total. I just got out of 1 of them at 43.25 and took my investment off the table and I am playing with the profit only.
The 4 hour chart still says more. So now I will be patient with the profits. I have put a stop lost in at 32.25 a guaranteed 60% profit.
With NDX having a negative Daily MACD, I can't see anything being played to the Long side.
Stick Puts until the MACD daily changes direction.
Still holding my NDX. I still expect huge fall off the next few days even though today may stay sideways.
This has been one Hell of a Move. Every time I think I even find a house to rent, its gone the same day. I hear theirs close to 100,000 people in the city looking for housing. Hotels are full. Highways are packed.
I am truly hoping by August I get settled. I set up a make shift trading platform with 1/8 of my setup. Hard to be exact so I went all the way back to my basics. Daily MACD's
Not over yet. Not until the money is in my account. It could turn tomorrow, but Highly unlikely with the MACD the way it is on the daily
How you been D
HH22
Right at the top when the 15 min Stow changed directions. About 4455 I think. About an hour and 15 minutes into the market
I'm playing NDX Sorry
Bought 2 Weekly 4420 at 20.15 earlier today.
Still holding. 27.65 now.
Will probably drop at open tomorrow am just like I said in the last post
The market is short this week. Look at the MACD on the daily for NDX. It is crossing over center line.
Keep an eye on the 15 minute MACD and when it sets a top and the 30 minute follows, then buy PUTS.
Best guess will be to purchase at the end of the days and dump first thing in the morning unless the 15 Min MACD is on your side.
I still have not found a house and still have limited computer access. I did a little studying over the weekend and see opportunity for quick hitters.
Allow the MACD to climb all day and then go sideways and make profits on overnights. Draw channels to see possibilities
Hey Guys, Still Looking for a house. I didn't know this before I moved here, but as fast as something hits the market, It is sucked up. There was an article the other day in the paper, that they believe that they are 55,000 houses behind and over 70,000 apartments. There are more people than homes.
Really tough living with relatives.
I fly back to Texas Friday morning and will be back in Colorado Next Tuesday. Have an appointment in the Mountains tomorrow, long ways from where I want to be. I will be so happy to find a home....
See you guys soon.
Remember stay patient and keep an eye on the histrogram candles and MACD... Market is stagnate right now.
Soon as I get back full time, Ill hit you up. Stay Patient. This isn't that hard, Emotions are hard
Good Morning Knights.... Thanks Vegas... Yes, still trying to organize now that I'm in Denver and it might take a little longer than I thought. House I wanted grew legs out from under me, so staying at Dads until I find a new place.
Can't set up my work station and hard to work of a laptop.
I do want to say, watch the turn. We are setting up a higher low on NDX and the sto is very high. RSI is rising but with little pay off. MACD still looks good but this could be the calm before the storm. Keep an eye on the MACD candles and when and if they start growing shorter, the center line cross could be the payday to the short side. I am still watching to play to the downside while most want to still be Bullish.
I will say this, while the daily chart is moving up down and re setting, the weekly says strong to the Bull side and if it holds there could be some good pay-offs to the upside. Always try to see both sides is what a good trader does. I am not Bearish or Bullish, I am a trader of Technicals.
Being I can't put up all 7 charts at the same time, I don't want to get to involved. That's how mistakes happen. So everyone be patient and when the move sets up, whatever that move is of yours. Opportunity knocks, Open the door and let opportunity in.
Should be back soon.
Kraigger
Back to Denver. Online soon