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Re: 05/15/2019 Live Update

PostPosted: Wed May 15, 2019 10:56 am
by te_fern
TICK has moved above their MA lines...

Re: 05/15/2019 Live Update

PostPosted: Wed May 15, 2019 10:58 am
by te_fern
BullBear52x wrote:My two sell trades got stopped out today. right away too, bulls are in to get the bears, over night high to be challenge from here. Hmmm


I'll think about selling if we can get the SPX back to the 2850s......

Re: 05/15/2019 Live Update

PostPosted: Wed May 15, 2019 11:01 am
by Cobra
probably bear's last chance for today is here and now.

Re: 05/15/2019 Live Update

PostPosted: Wed May 15, 2019 11:09 am
by te_fern
This pullback knocked me out for breakeven.....

Re: 05/15/2019 Live Update

PostPosted: Wed May 15, 2019 11:13 am
by BullBear52x
te_fern wrote:
BullBear52x wrote:My two sell trades got stopped out today. right away too, bulls are in to get the bears, over night high to be challenge from here. Hmmm


I'll think about selling if we can get the SPX back to the 2850s......

I think if bulls can push higher than yesterday's high. it will be more to the up side today. Buls will regain a strength above 5DMA, the short term low might stick.

Re: 05/15/2019 Live Update

PostPosted: Wed May 15, 2019 11:14 am
by te_fern
BullBear52x wrote:
te_fern wrote:
BullBear52x wrote:My two sell trades got stopped out today. right away too, bulls are in to get the bears, over night high to be challenge from here. Hmmm


I'll think about selling if we can get the SPX back to the 2850s......

I think if bulls can push higher than yesterday's high. it will be more to the up side today. Buls will regain a strength above 5DMA, the short term low might stick.


Thanks, I need to find a new entry point....

Re: 05/15/2019 Live Update

PostPosted: Wed May 15, 2019 11:15 am
by te_fern
I need to work on not losing any money once I have a profit and not putting my stop loss there too quick. I keep getting knocked out for Breakeven and then the market runs back up. Always learning!!

Re: 05/15/2019 Live Update

PostPosted: Wed May 15, 2019 11:22 am
by 1der
From the FWIW Dept:
This morning SPY PBar 284.49
Monday afternoon- two PBars 287.94
E2F4998C-4ACE-427A-B70D-657CB96443EE.jpeg

Re: 05/15/2019 Live Update

PostPosted: Wed May 15, 2019 11:25 am
by BullBear52x
New HH will give the gap fill a hope. I am chasing.

Re: 05/15/2019 Live Update

PostPosted: Wed May 15, 2019 11:31 am
by K447
te_fern wrote:I need to work on not losing any money ... Always learning!!


This might be useful to read
http://www.newtraderu.com/2019/02/13/wh ... ce-action/

In conjunction with my broadening formation triangle post from a few weeks back
viewtopic.php?f=2&t=3432&p=268091#p268091

This stuff works across time frames

Re: 05/15/2019 Live Update

PostPosted: Wed May 15, 2019 11:34 am
by Cobra
resistance, but this bull shall have legs at least even if no breakout. bears didn't catch their last chances for today.

Re: 05/15/2019 Live Update

PostPosted: Wed May 15, 2019 11:50 am
by te_fern
K447 wrote:
te_fern wrote:I need to work on not losing any money ... Always learning!!


This might be useful to read
http://www.newtraderu.com/2019/02/13/wh ... ce-action/

In conjunction with my broadening formation triangle post from a few weeks back
viewtopic.php?f=2&t=3432&p=268091#p268091

This stuff works across time frames


Thanks K447! I'll take a look at these and ask some questions later! Would love to see some charts of your triangles!!

Re: 05/15/2019 Live Update

PostPosted: Wed May 15, 2019 11:54 am
by BullBear52x
There it is....

Re: 05/15/2019 Live Update

PostPosted: Wed May 15, 2019 11:56 am
by Cobra

Re: 05/15/2019 Live Update

PostPosted: Wed May 15, 2019 11:57 am
by te_fern
Yep, see how high it wants to go today.....

Re: 05/15/2019 Live Update

PostPosted: Wed May 15, 2019 12:02 pm
by BullBear52x
Resistance, Profit taking zone.

Re: 05/15/2019 Live Update

PostPosted: Wed May 15, 2019 12:18 pm
by Al_Dente
te_fern wrote:I need to work on not losing any money once I have a profit and not putting my stop loss there too quick. I keep getting knocked out for Breakeven and then the market runs back up. Always learning!!

MY TWO CENTS; grain-of-salt only:
Possibly adjust (or eliminate) your 8ma; it isn’t giving you any breathing room for pullbacks
SOXL stayed above your 20ma when u got stopped out
I know the 2 point pullback on SOXL was brutal, just because it has so much leverage.
You maybe bought too late (chased it) and got stopped out too early. [I know that well from personal experience].
Don't use my stochastics (momentum). Use your own, keep tweeking it, change it until it works perfectly for you.

515soxl.png.png

Re: 05/15/2019 Live Update

PostPosted: Wed May 15, 2019 12:39 pm
by te_fern
Al_Dente wrote:
te_fern wrote:I need to work on not losing any money once I have a profit and not putting my stop loss there too quick. I keep getting knocked out for Breakeven and then the market runs back up. Always learning!!

MY TWO CENTS; grain-of-salt only:
Possibly adjust (or eliminate) your 8ma; it isn’t giving you any breathing room for pullbacks
SOXL stayed above your 20ma when u got stopped out
I know the 2 point pullback on SOXL was brutal, just because it has so much leverage.
You maybe bought too late (chased it) and got stopped out too early. [I know that well from personal experience].
Don't use my stochastics (momentum). Use your own, keep tweeking it, change it until it works perfectly for you.

515soxl.png.png


Boss, I think you hit the nail on the head. I paused on the entry and should have taken 149.50ish, instead of 150.67. Then if I had followed your rule on the 20ma would have just gotten stopped out around 152.50ish. A much better trade than breakeven. Thanks for helping!!

Re: 05/15/2019 Live Update

PostPosted: Wed May 15, 2019 12:49 pm
by Al_Dente
fern:
Another prob is volume
SOXL = roughly 600K shares
All the liquidity is in SMH = roughly 9 million shares
I know it’s heresy, because SMH isn’t sexy, but if you double/triple your number of shares you’d have essentially the same trade, with more liquidity, and it will reduce your heart rate...
You are really persistent... you'll nail it soon .....

Re: 05/15/2019 Live Update

PostPosted: Wed May 15, 2019 1:04 pm
by BullBear52x
look at momentum, this is a classic melt up.