6 replies to this topic

[U.F.O.]

Added 25% more cash today to my RYDEX long position, meaning I'm 75% committed to this move higher. I'm playing this move using every indicator at my disposal, but these three are my "bread and butter" tools right now. The ones I posted last night. (3 charts)

U.F.O.

DE/AD Q's. Simply, market breadth at it's finest.


Ichimoku. A Japanese genius invents a market charting system during the middle of WWII. Go figure?


Binary Waves. If you could combine MACD, Stochastics, Momentum and 20day moving average crossover into one indicator..what would you call it? Maybe....Binary Waves. Me? I'd call it "Bad [bleeep]". It works.

[dcengr]

What about a test of the breakout? That would make me squirm with delight..

[hedgehawk]

How do you know its not a false breakout?

[U.F.O.]

How about a test of the breakout at $43.25 on QQQQ's? That's my target for a 100% involvement in this swing move higher. (1 chart)

U.F.O.

[U.F.O.]

How do you know its not a false breakout?

Hedge. You never know that for sure until it collapses and closes below the breakout point. But.....to make money you have to play the odds. IMO, this breakout has legs. Let's see what happens.

U.F.O.

[bobalou]

check me out...
http://forums.techni...85#post24896385

[U.F.O.]

Nice Thx. bobalou. Remember VHF that we followed for a while a couple of years ago? (R2) RSquared, is another "strength of trend" indicator that I follow that shows a "monster" move being initiated right here. (1 chart)

U.F.O.