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Given what is going on in https://www.reddit.com/r/wallstreetbets  the XRT chart has been trashed by all this GME (and others) activity. It is meaningless now.

Do I see an inverse

SPX 10 and 60 min

Posted by zubeldia on 14th of Nov 2018 at 11:24 am

Do I see an inverse H&S here? October 11 left shoulder, October 30 head, now right shoulder? Will it complete?

Stockcharts.com   is not working for me

Posted by zubeldia on 14th of Nov 2018 at 09:14 am

Stockcharts.com   is not working for me today...

XIV - How does this

Posted by zubeldia on 14th of Feb 2018 at 06:33 pm

XIV - How does this work?

By now you should all have received the announcement that Credit Suisse is accelerating the closing of XIV to tomorrow, instead of February 20 as initially announced.  The notice I got from Etrade says:

Due to the forthcoming mandatory redemption of the VelocityShares Daily Inverse VIX Short-Term ETN (XIV) by Credit Suisse, E*TRADE is no longer accepting new opening orders in this security.        

Customers with open positions can exit those positions prior to the mandatory redemption by placing sell and/or buy-to-cover orders by the close of regular trading hours tomorrow, February 15, 2018.Please note that if no action is taken to close open positions, investors will receive a cash payment on or about February 21, equal to the closing indicative value as of February 15, minus 0.05% fees. The closing indicative value may vary from the closing price of XIV and the final trading date of February 15is subject to change by Credit Suisse based on market conditions.        

Can someone explain how is this going to work? If I want to sell my shares tomorrow, who is going to buy them? If Credit Suisse is not buying them, who is buying them? At what price? Interesting that today the price was going up. Was that the market-maker driving the price up? How do you explain the price going up all day? Is the price going up because the market-maker is filling limit orders? I don't understand the dynamics of this thing right now. Can someone shed some light?

Could the XIV recover? This thing

Posted by zubeldia on 6th of Feb 2018 at 03:02 pm

Could the XIV recover?

This thing is starting to move up. The low today was at $5.50 and now it is up to $7.77, with one hour to the close of the market. I can believe my eyes, I had written it off in my mind.

SPX 5-min Higher Low held.

SPX 5 min charts

Posted by zubeldia on 6th of Feb 2018 at 12:46 pm

SPX 5-min Higher Low held. Made a symmetry break. So where does this projection go after the symmetry break? How do you chart it?

It was my decision after

Posted by zubeldia on 6th of Feb 2018 at 11:02 am

It was my decision after all...

Nobody told me to put a big chunk of my Roth IRA into the XIV. I was looking for a quick profit, tax free, so I decided to follow the system and go for it. It did not work this time. I guess things like these go along with the risks of trading. I should have read the fine print, but I was too lazy for that.

But, overall, I have to say that the systems you guys have put together have been fantastic for me. In any case, my decision is going to be to continue following your systems.

Thank you for the great work you do. I would not be where I am without your teaching and advice.

James, the broken links result

Posted by zubeldia on 27th of Nov 2017 at 02:11 pm

James, the broken links result from the https://breakpointtrades.com/blog/\\" that gets added in front of the link and the "\\" that gets concatenated at the end. If the link starts with http[s]:// I would make sure not to add anything to it.

By the way, when I edit the text, the automatically-generated Subject line is not fixed, so it shows "brokemn" instead of "broken", as in the original post before editing. And the "\\" gets duplicated twice (that is four backslashes for each one I typed)

torvix, look at it now that there are a bunch of posts. Iti s onle nong page that you scroll down, just like the old site, and then, at the bottom, you can flip to additional pages. This is a great compromise. Some of the retail sites have a control that says how many items to show, 10,25, 50, 100, All (maybe Today, This Week, Last Week, This Month Last Month) but you can always "search" for a specific post. Personally I think the Matt/Steve button is a brilliant new addition and will be used even more than the Search. THANK YOU for a great redesign. 

-------------------

Edit: Yes the Edit button is there and it works!

It looks awesome, but there is too much wasted white spece for my taste. Perhaps there could be a setting on a per-user basis that specifies a "compact" format, much like in Gmail where you can have a lot of white space or switch to a "compact" format that gives you the information considering that the verical space is at a premium. That would also reduce the navigation bar at the top to being 1/2 of the current size or smaller. Or maybe the navigation bar at the top could be changed into a three-line (burger) menu in a corner when you select the "compact" style.

WOW. Sign me up

Symmetry Webinar

Posted by zubeldia on 12th of Jul 2017 at 05:56 pm

I have watched the prior recordings several times. They are fantastic. Sign me up for this one!

Since I don't have access to the system on TS, this posting with all the details and the charts was AWESOME! Thanks Matt.

$GOLD chart is wrong in Stockcharts.com

Wednesday Newsletter

Posted by zubeldia on 15th of Mar 2017 at 10:09 pm

I don't know how they plot this chart, but Gold Futures and GLD are both way up today. The Stockcharts graph shows $GOLD closing at 1,200.70 and that is obviously wrong. $GOLD had a fantastic day today.

Great educational session, well worth watching twice.

Personally I like the video first because it walks you by the hand, particularly if this is your first encounter with the "symmetry" concept. But, I would like you to check what you say around the 1039.70 "higher low" (from 7:56 to 8:12 you say "lower high" instead of "higher low") and maybe re-record that small segment if it is possible. In any case, the video is AWESOME.

Then, once I have watched the video, I like the newsletter approach because it is faster (New Player) if you want to review a particular section, and it is wonderful that you give us links to the live charts so you can see it in all detail.

My request is to have a "Download" link, so I can take the educational material with me when I am traveling, so I can review it without being connected to the Internet. I understand that having a "Download" link could cause these videos to "leak" all over the Internet, so, maybe it is not a great idea after all.

In any case, this educational video by itself is worth the price of the entire subscription, and this concept has already made me quite some money. Thank you!

DRYS again

DRYS

Posted by zubeldia on 18th of Nov 2016 at 10:23 am

Here we go... +97% today so far.

Excellent newsletter.

Particularly the educational piece on how to put day trades on the radar screen. When do you run these scans? After the first 30, 60, 90 minutes?

This reminds me of the train bombings in Madrid on 11 March 2004, just three days before the Spanish General Elections. As a result, the tables turned and the Socialist government got elected. You can read about it in https://en.wikipedia.org/wiki/2004_Madrid_train_bombings

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