We'll see once I get to review today as well as the weekly closing data over the weekend.
Edited by TechMan, 08 July 2011 - 04:21 PM.
NOW WHAT?
Started by
TechMan
, Jul 08 2011 04:19 PM
11 replies to this topic
#1
TechMan
-
- Traders-Talk User
- 7,663 posts
Member
Posted 08 July 2011 - 04:19 PM
Saving the big one for Monday?
We'll see once I get to review today as well as the weekly closing data over the weekend.
We'll see once I get to review today as well as the weekly closing data over the weekend.
#2
selecto
-
- Traders-Talk User
- 6,871 posts
Member
Posted 08 July 2011 - 04:30 PM
As Macbeth once observed:
Is that a head and shoulder I see before me,
The neckline with a bear flag? Come, let me trade thee
I have thee not and yet I see thee still
Art thou not, fatal vision, sensible
To volume as to trend? Or art thou but
A pattern of the mind, a false creation...
Shakesperian insults generator.
Is that a head and shoulder I see before me,
The neckline with a bear flag? Come, let me trade thee
I have thee not and yet I see thee still
Art thou not, fatal vision, sensible
To volume as to trend? Or art thou but
A pattern of the mind, a false creation...
Shakesperian insults generator.
Edited by selecto, 08 July 2011 - 04:36 PM.
#4
KCScott
-
- Traders-Talk User
- 329 posts
Member
Posted 08 July 2011 - 04:59 PM
My hourly still showing buys on all of my positions - It was somehwat close this morning but rallied much better than i expected
KC Scott Blogs at IBC: http://ibankcoin.com/kcscott/
#5
TechMan
-
- Traders-Talk User
- 7,663 posts
Member
Posted 08 July 2011 - 05:12 PM
Is that a head and shoulder I see before me,
The neckline with a bear flag? Come, let me trade thee
I have thee not and yet I see thee still
Art thou not, fatal vision, sensible
To volume as to trend? Or art thou but
A pattern of the mind, a false creation...
LOVE IT!!!
And, the chart is great.
#6
mcleert
-
- Traders-Talk User
- 480 posts
Member
Posted 08 July 2011 - 05:48 PM
My hourly still showing buys on all of my positions - It was somehwat close this morning but rallied much better than i expected
Drawing a line to show a bounce or retrace is creative but is it really useful? You can pick any
retrace or bounce and say this is why the price went up or down. I would like to challenge you using a piece of paper to cover the future 5 min.,hourly, daily and etc. Can you really tell me the exact point to place a bet?
No---all you can tell is the price hit this point and responded-----after it happened.
Technical analysis is always just a tool and 50% will get it right or wrong.
News letters----waste of words. Always cover their analysis with---if this then that---but maybe this
will happen if we are wrong.
My theory-----Just place your bets !!!---you have a 50% chance of winning and no excuses if you lose.
#7
TechMan
-
- Traders-Talk User
- 7,663 posts
Member
Posted 08 July 2011 - 06:33 PM
My hourly still showing buys on all of my positions - It was somehwat close this morning but rallied much better than i expected
Drawing a line to show a bounce or retrace is creative but is it really useful? You can pick any
retrace or bounce and say this is why the price went up or down. I would like to challenge you using a piece of paper to cover the future 5 min.,hourly, daily and etc. Can you really tell me the exact point to place a bet?
No---all you can tell is the price hit this point and responded-----after it happened.
Technical analysis is always just a tool and 50% will get it right or wrong.
News letters----waste of words. Always cover their analysis with---if this then that---but maybe this
will happen if we are wrong.
My theory-----Just place your bets !!!---you have a 50% chance of winning and no excuses if you lose.
With stops and money management, you may do better than most traders and gurus. You may go broke, but so do most traders.
#8
KCScott
-
- Traders-Talk User
- 329 posts
Member
Posted 08 July 2011 - 06:45 PM
Drawing a line to show a bounce or retrace is creative but is it really useful? You can pick any
retrace or bounce and say this is why the price went up or down. I would like to challenge you using a piece of paper to cover the future 5 min.,hourly, daily and etc. Can you really tell me the exact point to place a bet?
I can't tell you where to place your bet, but I can tell you where I placed mine - at the 40/160 hourly crossover
My Sell is the top of the daily channel I'll draw or if the 40 moves back under the 160.
It may not sound like much of a system compared to others I've read on here, but it's worked really well for me.
KC Scott Blogs at IBC: http://ibankcoin.com/kcscott/
#9
TechMan
-
- Traders-Talk User
- 7,663 posts
Member
Posted 09 July 2011 - 12:34 PM
O.K. my Fearless Forecast....
Upon further review, I'm upgrading my VST Sell signal that was triggered on June 6 to a ST Sell (1-3 days) as of Friday. My system might've missed the ST top by 1 day.
Below is one of my ST SPX timing charts. The market "usually" tops or bottoms within 1-3 sessions of my sell/buy signals. By all means, other indicators are used for confirmation.
There's no confirmation of an IT signal yet at this time.
Upon further review, I'm upgrading my VST Sell signal that was triggered on June 6 to a ST Sell (1-3 days) as of Friday. My system might've missed the ST top by 1 day.
Below is one of my ST SPX timing charts. The market "usually" tops or bottoms within 1-3 sessions of my sell/buy signals. By all means, other indicators are used for confirmation.
There's no confirmation of an IT signal yet at this time.
#10
TechMan
-
- Traders-Talk User
- 7,663 posts
Member
Posted 09 July 2011 - 12:51 PM
Upon further review, I'm upgrading my VST Sell signal that was triggered on June 6 to a ST Sell (1-3 days) as of Friday.
CORRECTION: my VST Sell signal was on JULY 6 not June 6.
Just got done with my closing data. I know equity futures are rallying right now, but a VST SELL signal had been triggered today, which happened to be the expiration day of my prior IT BUY signal.
http://www.traders-t...howtopic=132046
