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Looking for a bounce here.


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#1 allan

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Posted 25 July 2012 - 10:13 AM

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I am thinking up for the rest of the week.

#2 DrSP

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Posted 25 July 2012 - 10:34 AM

allan, I am looking for a bounce as well. Use the RSI 14, the divergence is well pronounced. I went long on SPY after AAPL's earnings. Added more 45 mins back. Shielded with stops.
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#3 allan

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Posted 25 July 2012 - 12:23 PM

allan, I am looking for a bounce as well. Use the RSI 14, the divergence is well pronounced. I went long on SPY after AAPL's earnings. Added more 45 mins back. Shielded with stops.



Good luck with your trade. Lets see if this piggy can dance...chat later.

#4 DrSP

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Posted 26 July 2012 - 06:08 PM

allan, I am looking for a bounce as well. Use the RSI 14, the divergence is well pronounced. I went long on SPY after AAPL's earnings. Added more 45 mins back. Shielded with stops.



Good luck with your trade. Lets see if this piggy can dance...chat later.


It is a matter of placing stops now, allan. Well played again!
You could be a billionaire or an industrial worker or a teacher or a moderator of a forum - Hold a good conscience because that is what matters.

#5 allan

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Posted 27 July 2012 - 07:54 AM

allan, I am looking for a bounce as well. Use the RSI 14, the divergence is well pronounced. I went long on SPY after AAPL's earnings. Added more 45 mins back. Shielded with stops.



Good luck with your trade. Lets see if this piggy can dance...chat later.


It is a matter of placing stops now, allan. Well played again!



The 60min MACD, RSI and 20sma seem to be working lately, I am using it as a guide until it stops working.

#6 allan

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Posted 27 July 2012 - 01:15 PM

allan, I am looking for a bounce as well. Use the RSI 14, the divergence is well pronounced. I went long on SPY after AAPL's earnings. Added more 45 mins back. Shielded with stops.



Good luck with your trade. Lets see if this piggy can dance...chat later.


It is a matter of placing stops now, allan. Well played again!



The 60min MACD, RSI and 20sma seem to be working lately, I am using it as a guide until it stops working.



Just a quick note, upper trendline hit on the SPX.

#7 DrSP

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Posted 27 July 2012 - 06:13 PM

allan, I am looking for a bounce as well. Use the RSI 14, the divergence is well pronounced. I went long on SPY after AAPL's earnings. Added more 45 mins back. Shielded with stops.



Good luck with your trade. Lets see if this piggy can dance...chat later.


It is a matter of placing stops now, allan. Well played again!



The 60min MACD, RSI and 20sma seem to be working lately, I am using it as a guide until it stops working.



Just a quick note, upper trendline hit on the SPX.


Thanks, allan. We went above that trendline for an hour but we are still below that now again. I see some backing and filling here but not enough to short. I have stops lower, I will trade the long positions higher. My system always indicates a confirmed signal, obviously I won't get a sell signal right here at the top. So, if we have a sell signal (for me), that will be at a lower level. That is the same as hitting stops. I am fine with that.

All time frames are on buy signals now - VST, ST, IT, LT. I wouldn't short here. May be the best trade is over, but I will wait for the next signal (sell) with long positions still on.

IMO, this train is not gonna stop atleast till we punch a higher high > 1422 SPX with RSI/ MACD divergences . I don't know if it is choppy/ smooth etc. I will take the signal and trade it.

Stop is at 1360 but just in case the market wants to fool us, the stop is at 1350.
Good luck, allan.
You could be a billionaire or an industrial worker or a teacher or a moderator of a forum - Hold a good conscience because that is what matters.