11/25/2019 Live Update

[JFR]

DOW 30 %up leaders. Back later ...

[BullBear52x]

Wishful thinking, second sell.

[BullBear52x]

a lot of people are waiting negative divergence to call the top (HH is needed), but the true top always challenge the Neg D before it's over after we got one. for short term swing trade, find excuse to sell the only way to avoid becoming a bag holder.

Looks like we're heading to 3133 on SPX before the pull back?

I don't project top or bottom, I use fib measurement as it goes. your charts sure reasonable to see higher price to come, I am not bearish as "market will crash" I am short term looking for relief rally pull back nothing more.

[alphahorn]

a lot of people are waiting negative divergence to call the top (HH is needed), but the true top always challenge the Neg D before it's over after we got one. for short term swing trade, find excuse to sell the only way to avoid becoming a bag holder.

Looks like we're heading to 3133 on SPX before the pull back?

more like 3150ish

Thank you. Overthrow or is there some other trendline/fib, etc at 3150-3180?

wave (i) was ~104 points, wave (v) begins at 3091, assuming .5 x (i) or .618 x (i) = 3133-3155. So yeah it could turn at 3133, but R2 is now at 3146 and could rise to 3150 by the time it gets there

[Al_Dente]

AD favors bulls 4-to-1
It usually relaxes after the morning spike ... not yet today....

[alphahorn]

these numbers are a useful tool, but I don't trade off of them, I only trade my system, when it says short I short, when it says long I go long

[BullBear52x]

a new high with TRIN > 1, nope, not buying it.

[Al_Dente]

The S&P 500 Shiller Price-to-Earnings Ratio is 30.2
“ ...it’s possible a new bull market has begun. But in 150yrs, only secular bear markets have started with the Shiller P/E above 30 (secular bulls all began with the Shiller P/E between 5-10).” [Eric Peters, One River Asset Management]

https://www.multpl.com/shiller-pe

Pasta here: he doesn’t mention that the Shiller P/E went above 40 in 2000 before that crash.

[Vaamsy]

a lot of people are waiting negative divergence to call the top (HH is needed), but the true top always challenge the Neg D before it's over after we got one. for short term swing trade, find excuse to sell the only way to avoid becoming a bag holder.

Looks like we're heading to 3133 on SPX before the pull back?

more like 3150ish

Thank you. Overthrow or is there some other trendline/fib, etc at 3150-3180?

wave (i) was ~104 points, wave (v) begins at 3091, assuming .5 x (i) or .618 x (i) = 3133-3155. So yeah it could turn at 3133, but R2 is now at 3146 and could rise to 3150 by the time it gets there

Thank you!

[Vaamsy]

a lot of people are waiting negative divergence to call the top (HH is needed), but the true top always challenge the Neg D before it's over after we got one. for short term swing trade, find excuse to sell the only way to avoid becoming a bag holder.

Looks like we're heading to 3133 on SPX before the pull back?

I don't project top or bottom, I use fib measurement as it goes. your charts sure reasonable to see higher price to come, I am not bearish as "market will crash" I am short term looking for relief rally pull back nothing more.

Gotcha, thank you!

[Al_Dente]

these numbers are a useful tool, but I don't trade off of them, I only trade my system, when it says short I short, when it says long I go long

describe your system?

[alphahorn]

fwiw, how I trade

[alphahorn]

also, Long and Short signals are entry points for new trades, not necessarily exit points for existing trades. those are at times more subjective, and I'll use volume levels and things like breaches of an upper or lower barrier.

[Cobra]

maybe a little pullback here first. if not sharp or simply a consolidation then it could be an uptrend day. right now still cannot say it's an uptrend day. I know it's too late, well, I have no better way.

[alphahorn]

fwiw, how I trade

as you see on the chart, 2 of my indicators (bottom two) went red/short during that consolidation phase after the upper barrier breach, then re-entry.. I often take 1 off at that point

[BullBear52x]

fwiw, how I trade

as you see on the chart, 2 of my indicators (bottom two) went red/short during that consolidation phase after the upper barrier breach, then re-entry.. I often take 1 off at that point

Thanks, I like this type of discussion on TA. we are all here to make money after all.

[alphahorn]

I've written all the code to my algorithms in ninja 7, wish i were using 8 so i could have access to the order data that cats shows

[te_fern]

fwiw, how I trade

as you see on the chart, 2 of my indicators (bottom two) went red/short during that consolidation phase after the upper barrier breach, then re-entry.. I often take 1 off at that point

Thank you!! What time frame are you using the charts, 1 min.?

[alphahorn]

fwiw, how I trade

as you see on the chart, 2 of my indicators (bottom two) went red/short during that consolidation phase after the upper barrier breach, then re-entry.. I often take 1 off at that point

Thank you!! What time frame are you using the charts, 1 min.?

i look at 3 charts at a time 5 min, 30 min and a range chart. i don't discuss the range sorry

[BullBear52x]

My ways of planing is simple. I set my mind and based on my chart setting,

1. Buy or Sell day?

buy day buy only
sell day sell only

anytime I try to buy and sell I rarely have a good result by end of day. If I am continue the same direction of buy/sell, by end of day I can have a better review of why. the bad entry day on the first lot like today, still came out to be okay in the end. will see, if trade back to 25ish I will be in the money 5 handles for now 2-3 handles, not good enough for morning coffee yet.