Ed_M, it sounds like you may be more of a swing trader like me (
as opposed to a day trader). If you don’t mind me asking, since I
am still developing my style, do you hold your longs and then buy
more when they are lower as you described, or do you sell some long
and buy shorts now. I am wondering if you swing between the two and
have some in each camp at the same time. Thanks. I
know each person has their own technique for risk
management.
Thank you, Matt. That is exactly the conflict. I appreciate you
understanding the dilemma. There is cognitive dissonance with the
two charts. I “knew” that we were likely to pop up today but
help half of my SQQQ anyway because if I sold it, I could not buy
it back again for two days in my IRA. And if I bought TQQQ
yesterday, I could not sell it until. Monday. I will be glad when
the new 1day settlement rules kick in in May 28, I
think.!
To clarify, I still own some SQQQ. I trimmed it yesterday, but
have not sold all of that because I believe we still need to set a
lower high because of the break in symmetry that has been discussed
extensively. So, if we are in for another short bull run of at
least 2 days, I can sell my SQQQs or buy some TQQQ to hedge short
term, but I am expecting that we need to reverse lower due to the
symmetry break. Thanks, and I apologize for being so needy, but I
am still confused.
Thank you, Steve. I have reviewed your posts. Sometimes I don’t
understand your lingo. I don’t know exactly what run the recent
highs means. That’s not meant as a criticism but that the
communication is not clear to me. So, we ran through the recent
highs and tagged the 50 MA on the 2 hour chart below. I see 5
waves to accomplish that. Are you suggesting that since we broke
the pennant ( which was under lied in the newsletter, we should be
in for more of a sustained bullish run? I can not day
trade in my IRA account, so I need to be willing to commit
for 2days when I buy. Thanks for clarifying. I am not trying
to be difficult or insulting. Sometimes I just do not understand
your meaning.
I need some help interpreting these perhaps conflicting charts.
What I see is a clear breakout from the pennant and
then reaching the what I believe is a demand zone and turning back.
So because it broke out from the pennant, does it regroup and
then keep going up? QQQ hit the 61.8%. Fib, and SQQQ
backtested its breakout. That would suggest that we could be
heading back down. Could someone please help me straighten up this
conflict? I easily look at too many side things and confuse myself.
I will commit myself and say that the preponderance of the
evidence to me seems to be that we should be headed back down now,
but my instincts are not very good. Thanks ahead of time for any
insights or correction of my thinking.!
My only skeptical comment would be regarding timing. I would
expect the Fed to do what they need to, to keep the market propped
up until the election in November. I realize that has nothing to do
with TA, but it may affect the markets. I recall brophy’s
post about presidential election cycles.
The community is delayed by three days for non registered users.
Do I remember correctly that
Posted by mdgfain on 19th of Jul 2024 at 02:12 pm
Do I remember correctly that the Demand Zone is at about 15?
NVDA rug pull as Ed
Posted by mdgfain on 11th of Jul 2024 at 11:49 am
NVDA rug pull as Ed suspected. Any thoughts on whether we get a bounce-back or go all the way to demand zone? Thanks.
ES
SPX - I'm tracking a range within a range here....and ...
Posted by mdgfain on 18th of Jun 2024 at 02:43 pm
ES
Is that a Demand zone?
SPY Daily
Posted by mdgfain on 23rd of May 2024 at 04:14 pm
Is that a Demand zone? I need to find the education piece you did on that a few weeks ago. Memory fails me.
Thanks for your elaboration, Digi.
Inflationary market melt-up like hasn't been seen in the United ...
Posted by mdgfain on 21st of May 2024 at 08:32 am
Thanks for your elaboration, Digi.
Dig. so, the appropriate response
Inflationary market melt-up like hasn't been seen in the United ...
Posted by mdgfain on 20th of May 2024 at 05:57 pm
Dig. so, the appropriate response for protection is precious metals, crypto, FCX, URA?
Thanks, mastermind. Great points.
Close to pivot point on SPY. Looking for reversal to ...
Posted by mdgfain on 6th of May 2024 at 02:49 pm
Thanks, mastermind. Great points.
Thanks for sharing your thoughts,
Close to pivot point on SPY. Looking for reversal to ...
Posted by mdgfain on 6th of May 2024 at 02:44 pm
Thanks for sharing your thoughts, Ed_M.
Ed_M, it sounds like you
Close to pivot point on SPY. Looking for reversal to ...
Posted by mdgfain on 6th of May 2024 at 02:19 pm
Ed_M, it sounds like you may be more of a swing trader like me ( as opposed to a day trader). If you don’t mind me asking, since I am still developing my style, do you hold your longs and then buy more when they are lower as you described, or do you sell some long and buy shorts now. I am wondering if you swing between the two and have some in each camp at the same time. Thanks. I know each person has their own technique for risk management.
Ok. Thanks.
I need some help interpreting these perhaps conflicting charts. What ...
Posted by mdgfain on 3rd of May 2024 at 12:32 pm
Ok. Thanks.
Thank you, Matt. That is
KISS systems heads up
Posted by mdgfain on 3rd of May 2024 at 12:18 pm
Thank you, Matt. That is exactly the conflict. I appreciate you understanding the dilemma. There is cognitive dissonance with the two charts. I “knew” that we were likely to pop up today but help half of my SQQQ anyway because if I sold it, I could not buy it back again for two days in my IRA. And if I bought TQQQ yesterday, I could not sell it until. Monday. I will be glad when the new 1day settlement rules kick in in May 28, I think.!
Thanks, mastermind.
Very likely IBD follow-through day today, confirming a rally.
Posted by mdgfain on 3rd of May 2024 at 12:10 pm
Thanks, mastermind.
To clarify, I still own
I need some help interpreting these perhaps conflicting charts. What ...
Posted by mdgfain on 3rd of May 2024 at 11:59 am
To clarify, I still own some SQQQ. I trimmed it yesterday, but have not sold all of that because I believe we still need to set a lower high because of the break in symmetry that has been discussed extensively. So, if we are in for another short bull run of at least 2 days, I can sell my SQQQs or buy some TQQQ to hedge short term, but I am expecting that we need to reverse lower due to the symmetry break. Thanks, and I apologize for being so needy, but I am still confused.
Thank you, Steve. I have
I need some help interpreting these perhaps conflicting charts. What ...
Posted by mdgfain on 3rd of May 2024 at 11:48 am
Thank you, Steve. I have reviewed your posts. Sometimes I don’t understand your lingo. I don’t know exactly what run the recent highs means. That’s not meant as a criticism but that the communication is not clear to me. So, we ran through the recent highs and tagged the 50 MA on the 2 hour chart below. I see 5 waves to accomplish that. Are you suggesting that since we broke the pennant ( which was under lied in the newsletter, we should be in for more of a sustained bullish run? I can not day trade in my IRA account, so I need to be willing to commit for 2days when I buy. Thanks for clarifying. I am not trying to be difficult or insulting. Sometimes I just do not understand your meaning.
I need some help interpreting
Posted by mdgfain on 3rd of May 2024 at 11:16 am
I need some help interpreting these perhaps conflicting charts. What I see is a clear breakout from the pennant and then reaching the what I believe is a demand zone and turning back. So because it broke out from the pennant, does it regroup and then keep going up? QQQ hit the 61.8%. Fib, and SQQQ backtested its breakout. That would suggest that we could be heading back down. Could someone please help me straighten up this conflict? I easily look at too many side things and confuse myself. I will commit myself and say that the preponderance of the evidence to me seems to be that we should be headed back down now, but my instincts are not very good. Thanks ahead of time for any insights or correction of my thinking.!
Do or die? Up up
Posted by mdgfain on 3rd of May 2024 at 09:17 am
Do or die? Up up and away, or down in a big C wave? What’s your vote?
Silver trying to back test
Posted by mdgfain on 2nd of May 2024 at 02:52 pm
Silver trying to back test the breakout?
My only skeptical comment would
SPX and one scenario the abc
Posted by mdgfain on 27th of Apr 2024 at 10:02 am
My only skeptical comment would be regarding timing. I would expect the Fed to do what they need to, to keep the market propped up until the election in November. I realize that has nothing to do with TA, but it may affect the markets. I recall brophy’s post about presidential election cycles.
Extremely helpful charts. Thanks for
SPX and one scenario the abc
Posted by mdgfain on 27th of Apr 2024 at 09:28 am
Extremely helpful charts. Thanks for the perspective and potential scenarios, Matt.
Ok. Thanks. Sorry for the
Posted by mdgfain on 23rd of Apr 2024 at 04:27 pm
Ok. Thanks. Sorry for the confusion. It was under my heading on the Community post, and I didn’t open the whole chain. I have been working.