Unique swing trading signals and stock market commentary.
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LOL j, u seem pissed off lol
Just growing a bit impatient. I would like to see an oversold rally sooner than later. That said, today was not all that bad for me. Sold near the open, bought back in in the early afternoon. Relied heavily on Rob Hanna's post this morning over at http://quantifiableedges.blogspot.com/
This gap down, if it holds into the open, sure looks like a great place to add some longs.
um, with 3 buy signals (100% in); how do you suspect we buy at these prices???
Could be a nice day. It's looking good for now. Got to turn around sometime.
RMI, I am not 100% bound by my system. I just post its signals here for the benefit of others. Like me, they can choose to follow the signals if they so desire. I occasionally make trades not specified by my system. Like selling on the open yesterday and buying some back in the afternoon. I will however always follow the direction of my system. e.g. I will not short when my model is long, and vice versa. I assume that many people here are NOT 100% long right now. My comment was directed at them...those with some cash on hand with which to play.
I guess I just take things too literally... sorry :D
I am a day trader, and trade tna tza all day in and out. but also like what J-trader has going on here. but it does not take rocket science to know that with a debt ceiling being reached, the dollar would go up in value short term, and with debt issues, there's alot more negative than positive to be a holder of tna long during this time.
dang lol i'm afraid to look at my account
JT, how will we know if the market just decides to go down from here? Will we be kind of ahead of the game there?
JT, are you also open to sharing with us in RT the deviations you sometimes take from your system's state, like the one you have mentioned in response to RMI?
Support at 1256 on the eminis, you should not be hold tna any longer. Put it this way, if we break S&P 500 emini support of 1256, you looking at a very big bag to hold.
Chris, I wonder if you would like to share what you do in the market as a daytrader and how you do it, here or elsewhere, for the good of this micro-community we have going over here.
Daytrader alert: the Dow has (finally) broken over its day long declining regression trend channel (at 3 PM 8/2). This is bullish.
As I mentioned, we break the support of 1256, get out or you will get burned. Let the burning begin. Trading TZA and TNA is a cake walk as long as you are always on the side of Russel that agrees with the trade. That simple really.
A not so fun day yesterday. I placed some orders in the late morning, then left to go help a buddy move into their new house. Occasionally checking my phone for price updates, I watched with increasing horror as it sank from 68 to 67 to 66...etc. My system just needs a sizable bounce, then we're out. Big down days lead to big bounces, so lets see what happens. In unhealthy mode, it won't take much to get a sell signal.
One more thing to answer your question Nittin... if I plan on deviating from my system, I will do my best to update my page ahead of time. Thanks all for your comments.