Sorry for the late post but I went out for a good breakfast to stimulate my waitresses economy. Only one there for first forty minutes so I doubled tipped.
Better drop and bounce than I expected. Did show the news was over bought. Still within the price range. Still confirming the bottom of the channel and continuing the Ascending Triangle. Both bullish but I don't know if the Short term is just news based bullish or not. Anyway I have today and tomorrow to just watch:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Sorry for the late post but I went out for a good breakfast to stimulate my waitresses economy. Only one there for first forty minutes so I doubled tipped.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Bqat, you tipped over to page 1000! That's some kind of milestone... not sure what kind, but still... congrats!
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Haven't done a VIX chart in a while. Still waiting for the 50 EMA to cross the 200 EMA but as before the Fear Zone is still like the old No Fear Zone:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Weakness today probably because of bad GDP announcement yesterday. Still may stay in channel:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Whipsaw, I too dislike the bite one would take if waiting to exit only after the 13 EMA drops below 20 SMA. I am looking for a different exit signal, but haven't identified what to follow yet.
I've always had a tendency to exit early but have miss out, so the 13/20 crossover looked like a good way to extend my stay in equities and to help me avoid exiting during normal noise. And it has worked....I rarely stay in this long! But, I must say I didn't follow my strategy to the "T" only because I made partial exits this month to pocket some gains and slowly lower exposure/risk in hopes of reducing that exiting bite you mentioned!
I must laugh ...lol...because Heck! that crossover indicator still hasn't crossed to give an exit! I now am only in equities 20%, and I plan to leave it in until the crossover exit indicator hits in either S, C or I. But its very close on EFA I fund chart. (unfortunately too busy at work and didn't check until 11:58, so was too late for exit ....I might have exited today). Maybe I'll go back after-the-fact and see what I would have made if I had not reduced exposure...hummm...
Over the years, I have used combo of Stochastics and MACD for exit. So, I'm considering using those and/or the 3EMA/5 EMA crossover, which I used to have on my charts. Will see...
Bquat, Thank you for your kind compliment! I really like your Trading View charts.
Best wishes to you both!
Last edited by DreamboatAnnie; 07-31-2020 at 11:31 PM.
Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Yeah what he said. Bottom tail line held and channel is still good. No need to redraw for August until we consolidate sideways past the channel or exit the price range. We are 60/40 to go up but sometimes when you keep going sideways too long it can be considered as a flat top that can bring on a bigger drop. I may wait for a bigger move to happen before making a decision to enter. Still can't figure out why the price range is so news dependent:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
I'm using short term as price range or visa versa.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
No move for me today:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Are we there yet? I don't know. Considering moving the top of the short term up to the dotted line but didn't. I think 60/40 chance that the market could take today's action as a double top. It seems like there is no rush to fill the gap and no reasonable profit taking for a while. Will the bottom of the gap be a point where profit taking will happen. I don't know that either. Spidey is silent but I am still hesitant to get in. May be just too happy with my gains after my last big loss. Things look bullish and this is a break out but I have no trust.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
I really like these charts - so easy to read. I think that we are headed up that midterm channel. What would it take to slant the short term channel upwards?
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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