Edited by Mr Dev, 01 November 2007 - 01:35 PM.
thoughts
#1
Posted 01 November 2007 - 01:34 PM
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#2
Posted 01 November 2007 - 01:45 PM
#3
Posted 01 November 2007 - 01:58 PM
But based on st trading ...for the day the 802 area looked just fine if one doesn't want to ride a bounce
up,.and or take advantage of the opportunity to reshort.
that's all I was saying
As far as falling further on the H&S formation ,...that usually happens after a bounce at the neckline...which
again is what we are creating at this time. Trouble for some will be,..not seeing it until after the fact.
Edited by Mr Dev, 01 November 2007 - 01:59 PM.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#4
Posted 01 November 2007 - 02:30 PM
I agree,...as I said there is more down side into next week.
But based on st trading ...for the day the 802 area looked just fine if one doesn't want to ride a bounce
up,.and or take advantage of the opportunity to reshort.
that's all I was saying
As far as falling further on the H&S formation ,...that usually happens after a bounce at the neckline...which
again is what we are creating at this time. Trouble for some will be,..not seeing it until after the fact.
I see what you are saying, but the bounce usually happens after at least 2 1/2 trading days to the downside. We only have one.
Barry
#5
Posted 01 November 2007 - 02:52 PM
I agree,...as I said there is more down side into next week.
But based on st trading ...for the day the 802 area looked just fine if one doesn't want to ride a bounce
up,.and or take advantage of the opportunity to reshort.
that's all I was saying
As far as falling further on the H&S formation ,...that usually happens after a bounce at the neckline...which
again is what we are creating at this time. Trouble for some will be,..not seeing it until after the fact.
I see what you are saying, but the bounce usually happens after at least 2 1/2 trading days to the downside. We only have one.
Barry
Well it is not my normal practice to let such gains ride...but I had planned to hold till next Tuesday
if the best decision is to make the hard one...then holding on to short is BEST.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#6
Posted 01 November 2007 - 03:00 PM
I agree,...as I said there is more down side into next week.
But based on st trading ...for the day the 802 area looked just fine if one doesn't want to ride a bounce
up,.and or take advantage of the opportunity to reshort.
that's all I was saying
As far as falling further on the H&S formation ,...that usually happens after a bounce at the neckline...which
again is what we are creating at this time. Trouble for some will be,..not seeing it until after the fact.
I see what you are saying, but the bounce usually happens after at least 2 1/2 trading days to the downside. We only have one.
Barry
Well it is not my normal practice to let such gains ride...but I had planned to hold till next Tuesday
if the best decision is to make the hard one...then holding on to short is BEST.
thanks mr dev for bring the rut to my attention
i am trading the iwm because of you
much appreciated
gman
#7
Posted 01 November 2007 - 03:36 PM
http://stockcharts.com/h-sc/ui?s=$CPC...18774907213.png
The 21ma on the other hand has faked entering twice, only now to turn back to the channel to possibly enter it or turn back again.
Some what confusing, in that the market momentum up may have not been completely exhausted?
Is there any settings I can change to fine tune charts, so as to make it clearer?
Any help would be appreciated. Thank you in advance.
http://stockcharts.com/h-sc/ui?s=$CPC...37701752600.png
Edited by tr8r, 01 November 2007 - 03:44 PM.
#8
Posted 01 November 2007 - 03:41 PM
I agree,...as I said there is more down side into next week.
But based on st trading ...for the day the 802 area looked just fine if one doesn't want to ride a bounce
up,.and or take advantage of the opportunity to reshort.
that's all I was saying
As far as falling further on the H&S formation ,...that usually happens after a bounce at the neckline...which
again is what we are creating at this time. Trouble for some will be,..not seeing it until after the fact.
I see what you are saying, but the bounce usually happens after at least 2 1/2 trading days to the downside. We only have one.
Barry
Well it is not my normal practice to let such gains ride...but I had planned to hold till next Tuesday
if the best decision is to make the hard one...then holding on to short is BEST.
thanks mr dev for bring the rut to my attention
i am trading the iwm because of you
much appreciated
gman
Great,!
I hope it's working out well for you gman!
The 18ma joined the 8ma in completely entering the channel yesterday, so one should have been short, right?
http://stockcharts.com/h-sc/ui?s=$CPC...18774907213.png
The 21ma on the other hand has faked entering twice, only now to turn back to the channel to possibly enter it or turn back again.
Some what confusing, in that the market momentum up may have not been completely exhausted?
Is there any settings I can change to fine tune charts, so as to make it clearer?
Any help would be appreciated. Thank you in advance.
http://stockcharts.com/h-sc/ui?s=$CPC...18774907213.png
Tr8r
Right it was a "clue" to exit ALL LONGS and short the SPIKE low on the actual CPC low reading.
Now we wait for a challenge of the mid line, to either reject or confirm. As we see it drawing near...we enter more or exit on SPIKES of the CPC until the NEW trend lower is confirmed.
You can always use just a single MA anything between a 13-18 Ma works well.
THen hold true to the Bolli and midline crossover areas I mentioned.
Edited by Mr Dev, 01 November 2007 - 03:44 PM.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#9
Posted 01 November 2007 - 03:49 PM
I had the wrong link for the second chart, apologies, but will use a number between 13 & 18 and not 21.
http://stockcharts.com/h-sc/ui?s=$CPC...37701752600.png
Edited by tr8r, 01 November 2007 - 03:50 PM.
#10
Posted 01 November 2007 - 05:04 PM
Thank you for the reply.
I had the wrong link for the second chart, apologies, but will use a number between 13 & 18 and not 21.
What I meant to say was,
I had the wrong link for the second chart, apologies, but will use a number between 13 & 18 and not 9.