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Where's Robo, I want to hear your take on


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#1 slupert

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Posted 04 June 2020 - 01:30 PM

the IWM TIA



#2 robo

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Posted 04 June 2020 - 01:52 PM

the IWM TIA

Still on a hold long positions, but I reduced most of my long positions.....  As you probably know I'm a trend trader, and the trend remains up. However, the Risk Reward data has me with a much smaller position and no leverage. IWM is banging on the 200 DMA again.

 

For your review....

 

Daily

 

https://stockcharts....115&a=762176825

 

 

https://stockcharts....m=1&a=764012072

 

Weekly 

 

 

https://stockcharts....734&a=762174838

 

Bottom Line: The trend remains up, but not a time to have a large position using leverage based on my data.

 

I have a Long position of IWM with a VXX hedge.

 

Good trading to you. 

 

 

https://stockcharts....081&a=760984250

 

https://stockcharts....214&a=763515646

 

 

An extremely large percent (85%) of Russell 2000 stocks are above their 50 day moving average. Too much of a good thing? In recent years this ALWAYS led to a pullback in small cap stocks over the next 2 months

 

https://twitter.com/...595555293601793


Edited by robo, 04 June 2020 - 02:00 PM.

“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore


#3 da_cheif

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Posted 04 June 2020 - 01:55 PM

 

the IWM TIA

Still on a hold long positions, but I reduced most of my long positions.....  As you probably know I'm a trend trader, and the trend remains up. However, the Risk Reward data has me with a much smaller position and no leverage. IWM is banging on the 200 DMA again.

 

For your review....

 

Daily

 

https://stockcharts....115&a=762176825

 

Weekly 

 

 

https://stockcharts....734&a=762174838

 

Bottom Line: The trend remains up, but not a time to have a large position using leverage based on my data.

 

I have a Long position of IWM with a VXX hedge.

 

Good trading to you. 

 

stops are piling up above those 200 da ma.s     when the stops are run maybe u would want to be long in front of that event eh??



#4 Darris

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Posted 04 June 2020 - 02:08 PM

Free money Friday dead ahead with SPX down and NYSE breadth up if it holds into the close. Last one on 5-21 had 1% drawdown on ES and 8 pts on cash. Yielded 225 ES pt range low to high in 9 days at yesterdays high. FOMO end of day ramp could turn breadth back positive for trigger.

#5 robo

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Posted 04 June 2020 - 02:17 PM

 

 

the IWM TIA

Still on a hold long positions, but I reduced most of my long positions.....  As you probably know I'm a trend trader, and the trend remains up. However, the Risk Reward data has me with a much smaller position and no leverage. IWM is banging on the 200 DMA again.

 

For your review....

 

Daily

 

https://stockcharts....115&a=762176825

 

Weekly 

 

 

https://stockcharts....734&a=762174838

 

Bottom Line: The trend remains up, but not a time to have a large position using leverage based on my data.

 

I have a Long position of IWM with a VXX hedge.

 

Good trading to you. 

 

stops are piling up above those 200 da ma.s     when the stops are run maybe u would want to be long in front of that event eh??

 

I would. However, I'm already long because the trend remains up ( trending above the 13 EMA),  but the current Risk/Reward level is just to high for me to hold over a 25% position. I trade on the conservative side Cheif. Those weekly gaps are also a concern. I like to trade extremes and I currently see none for adding long positions.

 

 

I have been trading VXF and VBR at Vanguard for sometime now ( retirement accounts so low risk) and IWM/TNA or RWM/TZA in my trading accounts.

 

To close to 70 to take much risk with those funds. However, I trade the trend whenever it is up at Vanguard.

 

https://stockcharts....865&a=764430034

 

Good Trading Cheif!


“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore


#6 robo

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Posted 05 June 2020 - 11:56 AM

Sold the RIP.....

 

Flat as I watch the show.....  However, the trend remains up, but without me!

 

https://stockcharts....221&a=763515646

 

https://stockcharts....291&a=762176825

 

https://stockcharts....630&a=762174787


Edited by robo, 05 June 2020 - 11:58 AM.

“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore


#7 robo

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Posted 06 June 2020 - 09:33 AM

The trend remains up, but NOT a time to be fully long or using leverage based on my data. Especially,  "if you are a trader,  trading shorter time frames - VST or ST trading". MT and LT data all remains long again based on my system, but the Risk/Reward level is very high now in my opinion. I like to trade extremes when I can find them....

 

For your review..... The sectors I trade all remain long, and in a uptrend for ST trading except for the miners. I trade the trend lines and don't ride down 40% moves like some of the always Bullish so called traders here do (only a few) . They are NOT traders they are MT and LT investors. One of the reasons I don't post here much anymore. Seeking Alpha is a much better forum if you just want to just read all Bullish or all Bearing comments. Just pick and start following who you like. I follow several folks over there. Then you can comment without giving any charts or TA. I was asked about IWM and so I posted my thoughts and how I was positioned. The charts I posted and my data shows why I think the risk/reward level is to high to be using leverage or a large position now.

 

I like that Mark posted the rules again so we shall see how things go.

 

https://www.traders-...73757-reminder/

 

https://stockcharts....796&a=763515646

 

https://stockcharts....291&a=762176825

 

https://stockcharts....488&a=764977054

 

Miners trending down if you are VST and ST trading.....  (Time to add?) For Traders timing is everything and that is why I look for and wait for extremes to MT trade. I have a trading system and I trade the signals. I don't care what causes the signal. I only care about the price and the current trend. Up or down since i trade both ways.

 

https://stockcharts....268&a=760984250


Edited by robo, 06 June 2020 - 09:40 AM.

“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore


#8 robo

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Posted 08 June 2020 - 12:25 PM

Another nice gap up for IWM..... Love them or hate them the small cap trend remains up. 

 

Good Trading!

 

https://stockcharts....967&a=762176825

 

https://stockcharts....680&a=763515646

 

 

 

 

 
 

“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore


#9 robo

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Posted 11 June 2020 - 08:00 AM

The continuation of my update for IWM that someone asked about. Since the 5 EMA turned down, and we are under the 200 DMA again,  we shall see if the 13 EMA can hold... 

 

 The Risk/Reward data once again indicated that long traders and the hogs ( they sometimes get slaughtered when they ignore the Risk/Reward data) to reduce some long positions and sell all leveraged positions after a huge run (Take some profits).... However, we could bounce off the 13 EMA and move right back up. Jay to the rescue..... 

 

My last post on this thread. Waiting to go long again as I'm currently shorting and trading some VXX at Vanguard.

 

Good Trading!

 

https://stockcharts....649&a=762176825


“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore