05/15/2019 Live Update

[te_fern]

TICK has moved above their MA lines...

[te_fern]

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......

[Cobra]

probably bear's last chance for today is here and now.

[te_fern]

This pullback knocked me out for breakeven.....

[BullBear52x]

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]

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....

[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!!

[1der]

From the FWIW Dept:
This morning SPY PBar 284.49
Monday afternoon- two PBars 287.94

[BullBear52x]

New HH will give the gap fill a hope. I am chasing.

[K447]

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

[Cobra]

resistance, but this bull shall have legs at least even if no breakout. bears didn't catch their last chances for today.

[te_fern]

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!!

[BullBear52x]

There it is....

[Cobra]

members only update at 11:56 am
http://www.cobrasmarketview.com/2019/05 ... ay-update/

[te_fern]

Yep, see how high it wants to go today.....

[BullBear52x]

Resistance, Profit taking zone.

[Al_Dente]

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.

[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!!

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!!

[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 .....

[BullBear52x]

look at momentum, this is a classic melt up.