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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
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......
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.
te_fern wrote:I need to work on not losing any money ... Always learning!!
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
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!!
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.
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