for example, when looking at the quarterly chart, the huge drop
down to the neckline last year is not so surprising when looking at
the big picture, and buying at the neckline made good sense,
and shorting at the top of the right shoulder will make good
sense.
LPI - here's one I saved in my chart list to see how it aged
over time. I kidded Steve that it didn't look so hot on
the monthly chart even though it provided a good short term
trade.
The blue vertical line was the initial trade on the 11th and
shortly after it began dropping like a rock until it hit bottom a
year and a half later after a 24X haircut.
That means if you had shorted it with $100,000 it would have
been worth roughly 2 1/2 million at the bottom.
That's why I like to look at weekly and monthly charts. It
eliminates the noise of the daily charts and allows you to see the
major trend, patterns, ect.
In this case four trending indicators were negative at the time
on the monthly chart - moving averages, aroon, psar, and vortex.
In contrast, the daily chart just looked like noise.
Which trade would you have liked to take. Both is a good
answer.
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just a back test of
Posted by roger on 23rd of Feb 2021 at 03:56 pm
just a back test of the neckline
LABU back inside the channel
Posted by roger on 22nd of Feb 2021 at 04:14 pm
LABU back inside the channel or the W pattern completed
SPY 60 sporting a potential
Posted by roger on 21st of Feb 2021 at 01:11 pm
SPY 60 sporting a potential inverse head and shoulders
I meant quarterly, not monthly
XLE going to make a good short in not too ...
Posted by roger on 12th of Feb 2021 at 05:44 pm
I meant quarterly, not monthly but you get the picture
for example, when looking at
XLE going to make a good short in not too ...
Posted by roger on 12th of Feb 2021 at 05:38 pm
for example, when looking at the quarterly chart, the huge drop down to the neckline last year is not so surprising when looking at the big picture, and buying at the neckline made good sense, and shorting at the top of the right shoulder will make good sense.
I have the right shoulder
XLE going to make a good short in not too ...
Posted by roger on 12th of Feb 2021 at 05:17 pm
I have the right shoulder lower than the left because I expect a weaker right shoulder for the reasons stated below.
I look at the longer term charts all the time because it helps to see the big picture and more confidence in swing trades.
When you think of it a monthly chart looks the same as a 60 min chart without the noise
The back test of the
XLE going to make a good short in not too ...
Posted by roger on 12th of Feb 2021 at 05:14 pm
The back test of the 34 ema is only 6 bucks away and the 13 only 2 dollars away. It may be sooner than you think.
XLE going to make a
Posted by roger on 12th of Feb 2021 at 04:59 pm
XLE going to make a good short in not too distant future. Textbook head and shoulders in the making.
Right shoulder maybe up to the 13/34 ema's which are crossed down now. Huge negative divergence. (hugh in internet lingo)
what is odd is that
LABU nearing the top rail of this humongous 'W' pattern. ...
Posted by roger on 8th of Feb 2021 at 02:40 pm
what is odd is that the money flow is red (negative) on the chart.
To me it says this move is on low volume and a reverse action could be rewarding
That, and the stochastic as shown tends to cycle very well. Now o\b
when it tags the line
LABU nearing the top rail of this humongous 'W' pattern. ...
Posted by roger on 8th of Feb 2021 at 02:32 pm
when it tags the line there might be a good reversion to the mean trade
I mean this thing is just going parabalic
yeah, I think that trendline
LABU nearing the top rail of this humongous 'W' pattern. ...
Posted by roger on 8th of Feb 2021 at 02:20 pm
yeah, I think that trendline has been a magnet technically too
LABU nearing the top rail
Posted by roger on 8th of Feb 2021 at 02:17 pm
LABU nearing the top rail of this humongous 'W' pattern.
Since it has been one of the big drivers, maybe this will signal some sort of top
GDX and miners - my
Posted by roger on 31st of Jan 2021 at 06:27 pm
GDX and miners - my chart shows a good chance of a drop and pop tomorrow.
LPI - here's one I
LPI Option Alert: Sep 21 $8 Calls Sweep (31) at ...
Posted by roger on 31st of Jan 2021 at 09:49 am
LPI - here's one I saved in my chart list to see how it aged over time. I kidded Steve that it didn't look so hot on the monthly chart even though it provided a good short term trade.
The blue vertical line was the initial trade on the 11th and shortly after it began dropping like a rock until it hit bottom a year and a half later after a 24X haircut.
That means if you had shorted it with $100,000 it would have been worth roughly 2 1/2 million at the bottom.
That's why I like to look at weekly and monthly charts. It eliminates the noise of the daily charts and allows you to see the major trend, patterns, ect.
In this case four trending indicators were negative at the time on the monthly chart - moving averages, aroon, psar, and vortex.
In contrast, the daily chart just looked like noise.
Which trade would you have liked to take. Both is a good answer.
almost there, don't stop now
SPXS right shoulder yesterday with psar buy signalfighting with the ...
Posted by roger on 29th of Jan 2021 at 12:40 pm
almost there, don't stop now
I'd like to see it
SPXS right shoulder yesterday with psar buy signalfighting with the ...
Posted by roger on 29th of Jan 2021 at 11:44 am
I'd like to see it hit the overbought line in green on this move
has to get moving soon though
SPXS right shoulder yesterday with
Posted by roger on 29th of Jan 2021 at 11:17 am
SPXS right shoulder yesterday with psar buy signal
fighting with the neckline
MUX monthly measured move takes
Posted by roger on 29th of Jan 2021 at 10:57 am
MUX monthly measured move takes it to the long term downtrend line. Has the psar buy signal
I use psars on all
TRX - weekly inverse head and shoulder with psar buy ...
Posted by roger on 29th of Jan 2021 at 10:22 am
I use psars on all my charts and trust me, they work. A weekly chart gives the bigger picture whereas the daily is just noise sometimes
text book inverse head and shoulders too
TRX - weekly inverse head
Posted by roger on 29th of Jan 2021 at 10:09 am
TRX - weekly inverse head and shoulder with psar buy for a month