35854 replies to this topic

[vuilhond]

doesnt look like its getting above 42500 IG..short 42455

[Argento]

Ok, mr market always up to something..a pattern in the works (double top/bullish flag/bearish flag/inverted H&S, H&S..etc), figure that out...add some seasonality and macd's and you can pretty much bank the mula's!

 

I see a nice bearish flag in the making that should soon resolve in a very impulsive manner to the downside, maybe this afternoon or Monday morning..let's see!

 

Could have a go at the top line but doubt it!

 

A

Attached Files

•  TOP40 (Bearish flag).jpg   191.25KB   19 downloads

Edited by Argento, 16 January 2015 - 02:18 PM.

[grantmu]

Have a 5 month correction (Primary IV?) behind us and only now reaching the climax...should be a great run rest of the year once the bottom is in with it being a pre-election year and ending on a 5!

 

Amazingly this bull should go to new highs again but seeing some trouble longer term..she is getting long in the tooth!

 

A

That is the only reason I am working on getting a decent reliable day trading system to work. with the world so inter connected the problems are no longer regional and are now global. with all this tension something has to give.

 

As you all know I am not that good on the bear, so I need to master the bear or get good at day trading. day trading has such potential but it cant be for just one or 2 trades a day, it needs to take advantage of most of the points available in the day, I have not found a single day strategy that offers that, so I have 2 goals this year, master the bear and give day trading yet another try.

 

I do agree that the bull as we know it is getting old, and that bear has been getting stronger.

 

thanks K nice to be back.

 

Grant 

[K~~]

Any one miss me, OK a bit conceited/ 

 

Back ready to start trading again. 

 

I do have a question for everyone, would the group be prepared to answer what setting they use on the MACD for normal trading, and second what settings for the day traders.

 

Trying to refine something and improve my exit points.

 

Feels good watching charts again.

 

Grant  

Welcome back G!

[Argento]

talking about  that second knock on 41, looking for a break through, then waiting for the turn to shoot up again. 

 

will make for a better year than last year. 

 

Grant 

Have a 5 month correction (Primary IV?) behind us and only now reaching the climax...should be a great run rest of the year once the bottom is in with it being a pre-election year and ending on a 5!

 

Amazingly this bull should go to new highs again but seeing some trouble longer term..she is getting long in the tooth!

 

A

Attached Files

•  Fifth Year Decade Advance - DW.jpg   39.73KB   14 downloads

[grantmu]

Well, an awesome buy and hold coming up soon but first the flush down should happen...!

 

All timeframes ye

 

A

talking about  that second knock on 41, looking for a break through, then waiting for the turn to shoot up again. 

 

will make for a better year than last year. 

 

Grant 

[Argento]

Thanks, need to fill up the accounts again, spent way to much over the festive season. the only way is trading.  

Still trying to master the day trading thing, keep going back to the long game. 

 

These settings for all time frames.

 

Grant

Well, an awesome buy and hold coming up soon but first the flush down should happen...!

 

All timeframes ye

 

A

[warnerbroers]

I'm looking for 41000ish IG as next target 

[grantmu]

Period (10,13)

 

Moving Average (1)

 

Welcome back too...!

 

A

Thanks, need to fill up the accounts again, spent way to much over the festive season. the only way is trading.  

Still trying to master the day trading thing, keep going back to the long game. 

 

These settings for all time frames.

 

Grant

[Argento]

Any one miss me, OK a bit conceited/ 

 

Back ready to start trading again. 

 

I do have a question for everyone, would the group be prepared to answer what setting they use on the MACD for normal trading, and second what settings for the day traders.

 

Trying to refine something and improve my exit points.

 

Feels good watching charts again.

 

Grant  

Period (10,13)

 

Moving Average (1)

 

Welcome back too...!

 

A

[grantmu]

Any one miss me, OK a bit conceited/ 

 

Back ready to start trading again. 

 

I do have a question for everyone, would the group be prepared to answer what setting they use on the MACD for normal trading, and second what settings for the day traders.

 

Trying to refine something and improve my exit points.

 

Feels good watching charts again.

 

Grant  

Edited by grantmu, 16 January 2015 - 12:03 PM.

[Argento]

Thanks A!

 

I had a bit of a rest over the Christmas period, and had been focusing on automated trading strategies over this period. Also read "Trading in the Zone" again.

 

Best backtested returns on the automation is currently 408% per annum, but with max account drawdown at 34% it not viable for me yet. But I'll keep at it.

 

Hope you have a great trading year! 

 

K

"Trading in the Zone", heard good things about it and also needs to read it, I read the good old Reminiscence of a Stock Operator AGAIN!

 

Cool, really hope you figure it out and may it be a awesome year to you too!

 

Mine started much much better than last year!

 

A

[K~~]

Welcome back K!

 

Shorts should be safe into next week!

 

A

Thanks A!

 

I had a bit of a rest over the Christmas period, and had been focusing on automated trading strategies over this period. Also read "Trading in the Zone" again.

 

Best backtested returns on the automation is currently 408% per annum, but with max account drawdown at 34% it not viable for me yet. But I'll keep at it.

 

Hope you have a great trading year! 

 

K

[Argento]

There are triangle targets to 41500 and 41200 (futures) for the down leg. When she starts trading above 43000 I'll abandon my short bias. Let's see what happens..

 

K

Welcome back K!

 

Shorts should be safe into next week!

 

A

[davidp13]

Zoom out!!

and if we hit 42800 J200 today then SHORT me thinks!

[@sirgrantfleming]

if triangles are anything to go by and taking into account they break up or down in the direction of the trend (which is DOWN) the target for J200 is.....

drum roll.....

 

39500ish

Zoom out!!

[davidp13]

will have to wait and see where it closes....it could slide past that later today.

if triangles are anything to go by and taking into account they break up or down in the direction of the trend (which is DOWN) the target for J200 is.....

drum roll.....

 

39500ish

[REDorBLACK]

Is that a triple bottom forming on the Weekly's?

will have to wait and see where it closes....it could slide past that later today.

[Motion Picture]

Is that a triple bottom forming on the Weekly's?

[Motion Picture]

There are triangle targets to 41500 and 41200 (futures) for the down leg. When she starts trading above 43000 I'll abandon my short bias. Let's see what happens..

 

K

 

ag, this bear must just go away already!