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"Backing Into" a Sell...


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#1 OEXCHAOS

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Posted 27 November 2019 - 08:12 AM

On 11/21 I noted that we had a ITBM Sell, but that it "backed into" the signal only marginally and on trivial weakness. I thought it a fade.

"When any indicator (especially those that are easily quantified and put into models) "backs into" a Sell, it's usually a fade. I think that "the Boyz" wait for these opportunities to bag the noobs and the less experienced/skilled modelers and "bot" designers."

 

That was 40 some points ago.

 

http://schrts.co/kTfIqdDA

 

 


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#2 OEXCHAOS

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Posted 27 November 2019 - 08:56 AM

ITBM11-21-19.gif


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#3 SemiBizz

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Posted 27 November 2019 - 10:13 AM

Still short of our upside targets here...

 

I know what you mean though.. about "backing into"... sort of like having your trend line broken by time and not price as it moves sideways...


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#4 OEXCHAOS

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Posted 27 November 2019 - 11:49 AM

Still short of our upside targets here...

 

I know what you mean though.. about "backing into"... sort of like having your trend line broken by time and not price as it moves sideways...

 

Very much so. Also, when a well-used Stochastic turns down and crosses the signal line on sideways action.

 

M


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#5 tsharp

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Posted 27 November 2019 - 12:57 PM

On 11/21 I noted that we had a ITBM Sell, but that it "backed into" the signal only marginally and on trivial weakness. I thought it a fade.

"When any indicator (especially those that are easily quantified and put into models) "backs into" a Sell, it's usually a fade. I think that "the Boyz" wait for these opportunities to bag the noobs and the less experienced/skilled modelers and "bot" designers."

 

That was 40 some points ago.

 

http://schrts.co/kTfIqdDA

 

 

 

 

Be so careful about shorting just yet... the 300-min SP00s hasn't even reached its momentum peak yet... my signal is still long from 3043:

 

SP00-300-11-27-19-3.jpg


Edited by tsharp, 27 November 2019 - 12:58 PM.


#6 OEXCHAOS

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Posted 27 November 2019 - 01:09 PM

I'm very disinclined to short. We are long from much lower.


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