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Sir,
Thanks for the reply.
35 seems high ... but, who's the Neutral Man here?
Regards,
rr
NM,
I don't recall ever having seen you not ride a position down to ground contact. You sold a call position at a loss this time.
New theory of practice?
I appreciate your work.
rr
I don't think it has anything to do with the Beta.
I think it means the RC will 'work' for a long time ... and then, you'll need to buy a copy.
I'm hoping they offer a six pack. I've got a lot of machines ...
rr
He was screwed from the instant he decided to borrow money against a future asset appreciation. I'd bet he didn't have cash flow to retire the debt in a timely manner, either.
Terminal values are just that. When you get there, you're probably dead.
Whatta Monday so far ...
rr
Damn, wish I'd have thought of that. Gone to the dogs today ...
rr
ajtj99,
OK, I'm soppy. Just give me your checking appount number, and I'pp be happy to send you the ppayment.
When a ppuppy gets waterboarded, does the Fed use the information obtained to support the markets, or do they just turn the info over to the puppy protection team?
Inquiring minds and all ...
rr
If only we had more money to spend on our public schools !!!
Oh, well ...
How much to buy a pony?
ppt, ppt, ppt, ppt, ....
tgif,
rr
I would think that a transvestite TA formation would, on the surface, Not look bullish.
But, perhaps I'm mixing too many metaphors?
How's those allergy med's coming along, anyhow?
rr
sh,
Thanks.
rr
E_P,
I would rather be lucky than good.
I liked smiling's answer, though, because he was referring to fishing ...
TWT, or NOT !
rr
True dat.
But, if I had not been truck transport for my dear pregnant baby shower gift collecting daughter, to get her loot back to Iowa, I'd have been worse for the experience.
I can make any choice I want, but I can't take them all, at least, not at the same time.
Regards,
rr
smilinghiker,
As I am short, at somewhat lower levels, I'm painfully aware of what you've written.
The problem is, what to do about it.
I wish I could have gone fishing with you. Sounds great.
HAGWE,
rr
Timber!
You realize you blew up my BGZ position at 3:21 ...
rr
No prob. I barely understand TP's charts, and he draws straight lines on price bars. AJ's stuff just blows me away.
I'm having all the trouble I need trading 1 minute charts ad JUST missed that last big up bar because of this work stuff ... and iHub!
GL,
rr
I thought:
It only worked when ST did it;
I'm only wrong 45% of the time.
Dive, ya' basta, dive !!!!!!!
rr
2,
I have very mixed results posting StockCharts charts. I almost always revert to a taking screen shot, and then crop, and then upload to iHub.
rr
And here I promised myself I'd stay away from the keyboard ...
This chart ...
ratio of spx:mid. If you believe the 'trading range', we're at a low, and so will revert to a mean. Either SPX goes up, or MID goes down.
Of course, I've got a short term chart showing the ratio at the top of it's bollinger band too ...
Makes markets ...
SPX and MID diverging, SPX up.
I'd bet against SPX telling the truth here.
rr
If I could type, I might have used UNG for a symbol, because MFB's question was about natural gas. But no, I had to type USG ...
Maybe I should just stay away from my keyboard today. Sigh.
Agree about USG.
rr
Look at a ratio of oil ($OIX, or your favorite) to USG and you'll see that it's coming in from the far right tail now, mostly from the collapse of oil price.
USG is at it's long term lows now.
My opinion is that USG is a reasonable buy right now, on that basis, for a long term hold.
Caveat emptor, I have the first of a multi-part position in place, at $14.
I don't usually get a chance to talk my book, cause I can't type that fast!!
Be well,
rr
T,
I'm impressed. Great call. Thanks.
Stay chilly, and amused,
rr
small things indeed, but not very compelling? looks like sideways to me. do you have a bias towards bigger moves here? beyond the obvious violence.
4 point SPX moves in a minute strike me as 'somebody's got problems ...'
rr
My attention span today is distracted by this work thing, so my reads are incoherent.
I'm actually neither bear or bull here. Lots of violent moves, great day trading runs. 'Next' big move is always a few bars away.
But ... back to Excel. Those things amuse me, as in 'fun with numbers'.
rr
Check. Thanks.
rr
Sorry, I'm not as quick about posting charts as I need to be ... Your chart shows the wedge in blue. I intended to ask 'why not' about the bottom red line.
Regards,
rr
Why not draw this wedge from the 21 apr lows?
Message In Reply To:
Let's see if we have a wedge
http://stockcharts.com/c-sc/sc?s=$BKX&p=15&yr=0&mn=0&dy=7&i=p73001055142&a=130869456&r=8386
The one minute model requires attention, and the trigger finger of a hired killer. And, a lot of capital. I'm trying to find a 'daily capital size to burn' that works for me.
I also have an account that follows a slow stoch crossover model that aj wrote about.
I also have an account with only mutual funds that I 'trade' using Vanguard funds and P&F buy/sells from dorsey wright.
And, I subscribe to Steve's MVP thing.
Those last three are pretty slow ... compared to the 1 minute chart.
Thank you for sharing your work. I learn a lot.
rr
When I trade, I use a 1 minute $SPX chart, that looks like this ... Nominal entry to trade is when the bars penetrate from outside the channel to inside the channel. If SPX(60) RSI(2) and (5) 'agree with the trade , I take it. If either is poking at the 50 line, I coin toss / look else where. If both are extreme (80+, 20-) and agree, I'll position larger.
I also use a 5 minute $SPX chart, with two channel (Price, Keltner) overlays that I look to for confirmation. That has an RSI(14), MACD(12,26,9) on it as well. RSI(14)>50, long is safer.
Nominal exit is: at breakeven plus for a stop loss; bounce of any of the RSI lines at 50 (wrong way); other side of the trade 'buy' signal (BGU / BGZ switch).
And, other combinations of those ...
That help?
On the SPX 60 minute chart that I use, I look at the RSI(5) and RSI(2). It gives me a better 'opinion' from my pattern matching head about what might happen next.
But, I still get 'bad cases' as well.
I've learned to pull the trigger fast when I think I'm wrong way.
rr
Well, it depends how much money you put into it.
$1,000 == gambling
$10,000 == small position
$30,000 == large position
$100,000 == dude, get back on your med's and away from the computer.
Hey, man, take care of your self. This twitchy market can burn your fingers when you're in the best of form.
Or, just gamble a bit. Take your mind off your lack of mind
rr
I got out of BGU on that LONG red bar on SPX500 1 minute chart at a few before 1pm et.
Warning 2x4 to me ...
Shoot first, then maybe again.
rr
NM,
I promise to be very impressed by a daily white candle today that covers yesterday's red one.
That's a tall freaking mountain from here.
Could happen. I'd be happy.
rr
Personally, I'd rather be consistently lucky than good. It's just easier.
Cheers,
rr
2B,
Thank you for your advice.
I lost my public virginity a long time ago, my investing innocence before that, and the rest, well - I'm old.
Free advice is more than worth what one pays for it. Like I said, I'm just looking for patterns to throw in the hopper.
As for entertainment, well, to each their own.
Best regards,
rr
You know, you really can be funny on purpose, as well as accidentally ...
Keep up the good cheer, T-dude,
rr
Thanks. Here's a starter.
"Someone" sells 20,000 contracts.
1) How does anyone know that sale / buy happened?
2) Why might such a thing happen?
As Alice said"... it's a start."
rr
Time Will Tell, TP told me ...
Simply trying to find more rules that I can understand, and see work, to add to my pattern matcher. Not too happy about my understanding of options buying and selling, but I try to learn.
Regards,
rr
Indeed, and my questions about his forecasts may only be to the same purpose.
But, he stated logic about 'if this ... then that', which isn't exactly the same as a forecast.
TWT, to quote someone ...
rr