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rising wedge, w/divergence GBTC

Posted by erikvik on 16th of Nov 2020 at 02:31 pm

rising wedge, w/divergence GBTC

Hello Matt, regarding the stochastic short, what are the conditions of the system that makes it exit?  Interesting we are just about or did fill a gap, are oversold, and some of the other systems are looking to go long....if that co-incides with getting out of the Stochastic current short, would seem a powerfull long signal

SDGR - Matt's comment that

Posted by erikvik on 15th of Oct 2020 at 03:23 pm

SDGR - Matt's comment that it has broke symmetry to the upside and a higher low could be bought....hit 50% retracement with a dojo, so looks interesting.

not sure how quantitative it

FTK coming back alive!! 

Posted by erikvik on 14th of Oct 2020 at 05:07 pm

not sure how quantitative it is, but FTK is an example of a whippy stock with lots of tails.  They have a character prior to their breakout.  When I see that I know it needs the full coil width for a stop, even if that forces me to trade less shares (ie. less shares, bigger stop range)  This has helped me immensely.  Good luck to all and Matt and Steve have been killing it lately so big thanks.

I don't see any divergence,

Posted by erikvik on 12th of Oct 2020 at 12:35 pm

I don't see any divergence, but holy smokes the SPY is far above its 9dma.  Anyone see this as over extended short term?

Thx. bigg, good eye.

PLUG, one mentioned before, is

Posted by erikvik on 30th of Sep 2020 at 11:24 am

PLUG, one mentioned before, is close to breakout.

I was the buyer at 4.05...for the breakout. lol.  That's ok...still looks strong.

I have really appreciated Goldnice's posts/pics.  There is always a pattern to support the pick.  It's not just uneducated guesswork.  I hope the member continues to present his/her opinion.  Cheers.

As Steve would say "trade

BE Updated View

Posted by erikvik on 18th of Sep 2020 at 11:10 am

As Steve would say "trade your system" :) you'll have to examine what your system is for you.  Some ideas are to hit twice of what you are risking, this way over time you need to be right just a hair over 25%.  Another you can do is to look to sell prior highs (in Bloom's case close to $18.50).  If very bullish and early in the breakout you could watch the 9ema for a cross of the 13 or 20ema.  Just ideas for you.  In the long run you'll have to figure out what you can adhere to.  Keep records! after a while you will see what works, and more importantly give you the confidence to trade and let the statistics take care of your account.  Good luck.

Coil on LAC

Posted by erikvik on 10th of Sep 2020 at 11:55 am

Coil on LAC

KISS upper DVT.  Gents, what

Posted by erikvik on 9th of Sep 2020 at 11:51 am

KISS upper DVT.  Gents, what is the pink line/DVT figure on the system?  It was on the BPT MA deluxe as well. 

I think that chart says

SPX Weekly

Posted by erikvik on 4th of Sep 2020 at 12:36 pm

I think that chart says it all in terms of risk reward for the next 6 months direction.

been keeping an eye on


Posted by erikvik on 15th of Jul 2020 at 03:47 pm

been keeping an eye on the weeds, eh?  good picks, thx.

Gents - execution question here

Posted by erikvik on 9th of Jul 2020 at 02:37 pm

Gents - execution question here for experienced traders.  Having stop buy limit orders in on TSLA, and PRTS, and getting blown right past my stop limit orders...has been frustrating.  There was plenty of room to fill these trades (eg. PRTS was stop 9.01, limit 9.19 to fill) are some platforms better than others at getting orders filled?  I use IB Brokers which I thought was about as slick and efficient as you can get.  otherwise, with these higher priced stocks like TSLA, should I be dropping the limit? 

looks fairly logical for the

Posted by erikvik on 7th of Jul 2020 at 01:44 pm

looks fairly logical for the market to take pause here.  Maybe form a larger pennant. lots of MA support below.

Matt I'd really appreciate if

SPY Systems

Posted by erikvik on 11th of Jun 2020 at 09:31 pm

Matt I'd really appreciate if you keep posting the systems.  Historically they have great returns, and we are all aware the market is a little bit crazy these days.  We could always adjust our risk amounts.  Thx.

a few years I studied Elliot Wave as the panacea for all trading.  What I learned after a while is that there is a count...then if it doesn't work, there is a rule for that, like the wave is subdividing etc.  Then if that doesn't work there is an alternative count etc.  after a while I realized its quite the crapshoot, and the rules are just made to fit about anything that happens but is not great for predicting anything, other than five waves up is impulsive and ABC's are corrective.  If one could take that away as a lesson...not too bad.

Hi Matt, what is the

401K stuff

Posted by erikvik on 11th of Jun 2020 at 12:16 pm

Hi Matt, what is the entry signal on the BPT MA systems?

can people on board here

big follow through on FCEL

Posted by erikvik on 10th of Jun 2020 at 02:08 pm

can people on board here share some of their watches.... beforethey blast off?  Would be beneficial to everyone.  Bloom just a great example of that as a great pick.  Appreciative, but had never heard of it.


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