43 replies to this topic

[CLK]

I waited 9 years for this, I'm not covering and then have to chase lower. I'll add a put or two if we get a bounce.

 

Core short with TZA I will not sell until this runs it's course.

 

 

 

[fib_1618]

Core short with TZA I will not sell until this runs it's course.

 

And when will you know when that happens?

 

Fib

[CLK]

 

Core short with TZA I will not sell until this runs it's course.

 

And when will you know when that happens?

 

Fib

 

 

 

 

Monthly reversal, if it gets down near 09 lows I will switch to 500 point. I doubt they take this all back in a week.

 

 

I may take profit before the turn if the down volume gets high enough and price has dropped to where I think it should be.

Edited by CLK, 20 December 2018 - 04:12 PM.

[fib_1618]

 

 

Core short with TZA I will not sell until this runs it's course.

 

And when will you know when that happens?

 

Fib

 

I may take profit before the turn if the down volume gets high enough and price has dropped to where I think it should be.

 

Where you think it should be?

 

I see.

 

Good luck with your trade.

 

Fib

[CLK]

 

 

 

Core short with TZA I will not sell until this runs it's course.

 

And when will you know when that happens?

 

Fib

 

I may take profit before the turn if the down volume gets high enough and price has dropped to where I think it should be.

 

Where you think it should be?

 

I see.

 

Good luck with your trade.

 

Fib

 

 

 

I wouldn't consider taking profit on less than a 60% drop even with a volume signal.

[libertas]

The 2008 decline featured nine rallies of at least 9.5% of which three were greater than 20%, totaling 142%. The corresponding declines totaled 158%. The total "opportunity," if you like, was 300%. Not that you were going to catch the spikes perfectly, but....

 

The top top to bottom bottom was -50%. Basis SPY and doesn't include 2007 or 2009.

 

Now this time will be different, of course.

Edited by libertas, 20 December 2018 - 05:36 PM.

[12SPX]

I waited 9 years for this, I'm not covering and then have to chase lower. I'll add a put or two if we get a bounce.

 

Core short with TZA I will not sell until this runs it's course.

 

 

 

Don't really understand this Renko but why is there no downturn from the start of the year?

[CLK]

 

I waited 9 years for this, I'm not covering and then have to chase lower. I'll add a put or two if we get a bounce.

 

Core short with TZA I will not sell until this runs it's course.

 

 

 

Don't really understand this Renko but why is there no downturn from the start of the year?

 

 

Renko is not designed to catch top tick or even the general area of the top, it only moves down if the price threshold you set is reached, in this case 1000 point increments. The Jan. drop did not close the month out at 24,000 or less so it did not print. If in the next week they rally back above, then Dec. may not print but I don't think they can. You know how people all along the way will try to pick THE top only to take a loss as the dip gets bought ?

Well Renko is set up to keep you from picking tops or bottoms, you only trade in the middle, not the ends or where you think the ends are.

Trying to catch every turn in a trend is nice to look at in hindsight, but is very stressful and most traders will chop their account up and have nothing to show for their work in the end. The goal is to filter out all the whipsaws and just go on auto pilot until the chart turns on a monthly closing basis.

 

If you look at this chart and say look at all the points I could have made not shown at the actual tops and bottoms, then good luck with the false starts and drawdowns finding the turn that way.

[slupert]

We've been in a range bound market for two months and now we probaly will expand in to a larger range. I've made more on long trades than short trades. That's why they call it trading, ya don't marry 'em. (JMHO)

[CLK]

I set the chart up at 1000 points to offset the doubling above the 2007 highs to 25000. If it gets back to 12k I will switch back to the 500

point chart in line with what was working at that level. A 500 point chart at 25k would have whipsaws.