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Now What?

Nothing but blue sky ?!

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#91 iloli way

iloli way

    iloli = I'm Laws Of Line's I(eye)

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Posted 28 October 2016 - 09:55 AM

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PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

Investing.com chart time in PST; Worden chart time in EST

Swing Those Lines

#92 iloli way

iloli way

    iloli = I'm Laws Of Line's I(eye)

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Posted 28 October 2016 - 10:35 AM

Another view. RUT cash.

 

Have a great wknd!

 

US%2BSmallCap%2B2000%2528Daily%252920161


Edited by iloli way, 28 October 2016 - 10:40 AM.

PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

Investing.com chart time in PST; Worden chart time in EST

Swing Those Lines

#93 Rich C

Rich C

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Posted 30 October 2016 - 09:40 AM

I have been long SPY for 5 weeks, with a 3% trailing stop loss under it.  The market moved up initially so my stop is 1% down from here.  I was betting that earnings season would produce at least a small rally, but it has not happened.  Friday we were up, until Comey made his email comments, so if the market assessment is that is not a big deal, maybe we can rally on Monday on earnings.  Earnings season is drawing to a close, so its now or never.  The chart looks rather sick though.  If I get stopped out, it could be a blessing.

 

I think the election will be the focus for a while, but i don't expect it to have a big impact one way or the other.  Then the focus will shift to the Fed, and last year the market seemed happy going into the rate hike that the economy was strong enough for the Fed to move, then in Jan / Feb, the fear over the impact of all the future moves.  I'm not sure when, but I suspect there is a correction out there somewhere.  The market is moderately overvalued, and earnings have been weak for over a year.  Caution.


Blogging at http://RichInvesting.wordpress.com

 

My swing trades typically last a couple of weeks to a couple of months and I focus on SPY.


#94 iloli way

iloli way

    iloli = I'm Laws Of Line's I(eye)

  • TT Member*
  • 3,777 posts

Posted 01 November 2016 - 10:44 AM

Bingo!

 

Orange lower TL hit at last... https://www.youtube....h?v=bwzDxp2TC7I

 

LOL!

 

S%2526P%2B500%25285%2BHours%252920161101S%2526P%2B500%25285%2BHours%252920161101


PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

Investing.com chart time in PST; Worden chart time in EST

Swing Those Lines

#95 iloli way

iloli way

    iloli = I'm Laws Of Line's I(eye)

  • TT Member*
  • 3,777 posts

Posted 01 November 2016 - 11:11 AM

BD !!

 

S%2526P%2B500%25285%2BHours%252920161101S%2526P%2B500%25285%2BHours%252920161101


PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

Investing.com chart time in PST; Worden chart time in EST

Swing Those Lines

#96 iloli way

iloli way

    iloli = I'm Laws Of Line's I(eye)

  • TT Member*
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Posted 01 November 2016 - 11:17 AM

RUT 2nd gap filled.

 

US%2BSmallCap%2B2000%2528Daily%252920161


PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

Investing.com chart time in PST; Worden chart time in EST

Swing Those Lines

#97 iloli way

iloli way

    iloli = I'm Laws Of Line's I(eye)

  • TT Member*
  • 3,777 posts

Posted 01 November 2016 - 01:35 PM

ES with thick Red Wedge: when 2nd target 2100.25 reached then this thread's mission will be accomplished automatically, said Ms. Price Friday's close. Thank you mam. flowers.gif

 

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S%2526P%2B500%2528Hourly%252920161015000

 

 

LOL!  purebs.gif clapping.gif banana.gif


PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

Investing.com chart time in PST; Worden chart time in EST

Swing Those Lines

#98 Rich C

Rich C

    Member

  • Traders-Talk User
  • 80 posts

Posted 01 November 2016 - 08:05 PM

I have been long SPY for 5 weeks, with a 3% trailing stop loss under it.  The market moved up initially so my stop is 1% down from here.  I was betting that earnings season would produce at least a small rally, but it has not happened.  Friday we were up, until Comey made his email comments, so if the market assessment is that is not a big deal, maybe we can rally on Monday on earnings.  Earnings season is drawing to a close, so its now or never.  The chart looks rather sick though.  If I get stopped out, it could be a blessing.

 

I think the election will be the focus for a while, but i don't expect it to have a big impact one way or the other.  Then the focus will shift to the Fed, and last year the market seemed happy going into the rate hike that the economy was strong enough for the Fed to move, then in Jan / Feb, the fear over the impact of all the future moves.  I'm not sure when, but I suspect there is a correction out there somewhere.  The market is moderately overvalued, and earnings have been weak for over a year.  Caution.

 

I got stopped out today.  Taking a breather.


Blogging at http://RichInvesting.wordpress.com

 

My swing trades typically last a couple of weeks to a couple of months and I focus on SPY.


#99 iloli way

iloli way

    iloli = I'm Laws Of Line's I(eye)

  • TT Member*
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Posted 01 November 2016 - 10:15 PM

Now I can take a break.

FREE CIGARS EVERYONE ! harp.gif   

 

S%2526P%2B500%25285%2BHours%252920161101S%2526P%2B500%25285%2BHours%252920161101


Edited by iloli way, 01 November 2016 - 10:17 PM.

PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

Investing.com chart time in PST; Worden chart time in EST

Swing Those Lines





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