21 replies to this topic

[opinionated]

Call it what you want but several are pointing out cycle highs due today and tomorrow. I think next weel is a big sell. But in full disclosure I suck...

[.Blizzard]

[robo]

Call it what you want but several are pointing out cycle highs due today and tomorrow. I think next weel is a big sell. But in full disclosure I suck...

Investors need to try and hold for LT capital gain taxes ( 12 months or more). I will bet many rode this entire move down and some were using leverage. I know some!  They are NOT traders in my opinion.  Even trend traders sold when IWM starting moving down. They sold long before it sold off more then 25% if they were worth a [bleeeep], but should have went back long sometime ago.  They will be holding since the trend remains up, but I'm not a trend trader in a Bear Market.  I'm swing trading and VST trading.  However, trading is about Risk/Reward and staying nimble in markets like this one. I was very long weeks ago, but now keeping it much smaller....  You don't suck. Some just have better tools then yours for placing bets. LOL...  there are some that charge for their guesses and they really do suck....

 

 For now just watch the show and place a few Beer Money trades. Well, that's what I'm doing....

 

Good trading and we shall see what happens next week since the 200 dma looks to be had. This will be number four on my daily trading chart....

Edited by robo, 12 February 2019 - 05:27 PM.

[.Blizzard]

"Weird Wollie Wednesday", created by Don Wolanchuk, references the Wednesday prior to options expiration. The observation made by Wolanchuk stipulates that this day is made up of manipulated price action which is primarily related to the faster deterioration of options premiums during the week prior to options expiration; many traders are rebalancing and rolling their options forward. Using WWW as a guide, it is not uncommon to see strong moves down in the market place on the Wednesday prior to options expiration week.

 

 

 

 

[hhh]

WWW isn't the Wednesday prior to opex, it's the Wednesday in the week prior to opex, i.e., last week.

[robo]

WWW isn't the Wednesday prior to opex, it's the Wednesday in the week prior to opex, i.e., last week.

This week is normally Bullish and next week not so much. However, that does not always play out out. 

 

This guy tracks all that stuff - Jeff Hirsch, the editor-in-chief of Stock Trader's Almanac.

I get his book every year.....

 

"Positive investor and trader behavior at the beginning of the year shows that there are good economic and market readings out there," said Jeff Hirsch, the editor-in-chief of Stock Trader's Almanac.

Edited by robo, 12 February 2019 - 06:30 PM.

[da_cheif]

WWW isn't the Wednesday prior to opex, it's the Wednesday in the week prior to opex, i.e., last week.

no kidding     www was the 6th   anda top of a B wave

[opinionated]

Robo,

 

Do you have a blog, Twitter somewhere a guy with not the correct tools might follow a guy who does?

 

If so thanks....

[robo]

Robo,

 

Do you have a blog, Twitter somewhere a guy with not the correct tools might follow a guy who does?

 

If so thanks....

LOL....  I have plenty of losers with the tools I'm using, but they help me with the risk/reward level using odds. Sometimes it's best not to trade and wait for an extreme to trade. No Brother  - no twitter or Blog.  I use the KISS system and try and look for extremes to trade. I mainly use Sentiment Trader and Cycles for trading. The charts are for keeping track of the data only. I'm currently only trading from the short side, but waiting for the next setup to go long again. I have most of my money at Vanguard and you CAN NOT buy Bear Funds or Leveraged funds there anymore so I can't buy SDS/SSO or HDGE like I use too.

 

Below are a few of the twitter comments I follow, but my trading system is pretty simple.

 

My daily chart with the cycle data on it and a few simple trading notes.

 

https://stockcharts....24c&a=644642044

 

https://twitter.com/VolumeDynamics

 

https://twitter.com/RevShark

 

https://twitter.com/NorthmanTrader

 

https://twitter.com/...erp|twgr^author

 

https://twitter.com/...uyRosie?lang=en

 

This is worth reading over his older comments. I use a few of the same tools he does.....   Keep in mind I'm a trader not an investor.

 

https://www.jeffclar...inute/archives/

 

https://twitter.com/SentimenTrader

 

Cycles - Gold and Stocks.

 

https://likesmoneycy....wordpress.com/

 

https://twitter.com/...remium-reports/

Edited by robo, 13 February 2019 - 08:14 AM.

[robo]

I want to point out I do this full time because I'm retired. I have been trading VXF only for many years  with my retirement money. No shorting or leverage.... When there are no extremes I place smaller trades or I don't trade at all.

 

https://stockcharts....56c&a=644642052

 

Flat VXF!

 

The Fed rate cycle.....

 

https://stockcharts....37c&a=643797474

 

https://stockcharts....66c&a=643930787

Edited by robo, 13 February 2019 - 08:32 AM.