After having gotten stopped out on yesterday's open on QQQ, I'm looking for an objective long entry for a swing trade--

the pieces seem(ed) to be in place, with positive weekly NYSI 5/3 stochastic, negative sentiment, postive bullish percentage, and now positive 12/85/12, but I'm  concerned about buying in before the NEXT gap down--

What would be your guy's vote for an objective swing entry on QQQ or SSO?

Speaking of which, the MACD 12/26/9 turned positive on the 60 min chart. 

The 60 minute XLE/DIG chart was nicely annotated, but I didn't save it and cannot find the newsletter where it was last discussed.

After Europe yesterday and our open today, I thought we were going to puke 5%.  I had taken a small position in the Q's on Friday's close and closed it this morning, down 2.5%.  Now the q's are only down .5%.  Damn it!

Looking back to late August newsletters, the 60 minute chart had trendline support at 1138, which it bounced off today...do you think the triangle is still in play?

I asked this question yesterday, but no response. Can anyone comment?:

System is somehow on the wrong side of the trade yet again.  One can only think that the reason why the system was so successful (35:1 profit factor) in the past is that it put the odds in your favor statistically. 

Maybe the system is losing it's statistical edge

Please comment...

When you guys trail stops, how do you guys deal with downside gaps?   Do you guys do stop limit orders, or just sell into a bouce. 

I HATE trying to protect a profit, only to see it vanish, rather than protected,  on a on overnight gap

Yes, this does not feel good.  One can only think that the reason why the system was so successful in the past is that it put the odds in your favor statistically.  It certainly doesn't feel that way now with 5/3 being oversold. 

Maybe the system is losing it's statistical edge

Matt, care to comment??

With BPENER turning positive then, looking at getting a POP in DIG or ERX next week.   Could also get a tailwind from the Hurricane, I would think, in terms of higher energy prices.  Best wishes to all those in the Hurricane's path, by the way.  Will be praying for you.

Is the NYSE summation 5/3 turning positive today?

What about BPENER?  Will the 9 cross the 20 today?

Look back at late May when it crossed the MACD from under the 200d MA and rallied nicely.  Also 60 day stochastics crossing up from 20. 

Although it is below the 200d MA and may be too high risk for a trade, do you guys think it has significance for the general market?

How does XLF look to you guys for a trade?  Positive divergence on the RSI and outperformed the market today...

Eternal question...what would be your trigger

Thanks for posting.  I am watching this, too for an objective long entry for a decent swing trade...

Still a novice trader, trying to learn from all the experienced traders out there:

I tried to short gold on after it initially gapped up over $1700 and formed a "shooting star" candle.  Of course gold promptly zoomed over that to continue it's parabolic move and I got stopped out.  Steve was, of course, precient in stating that it was not a good trade to short such a strong trend. 

It looks like Matt and some others shorted gold in the last two days.  What was the trigger you used?  Trendline resistance?  Breaking that 8 day EMA? 

Just trying to learn for the next parabolic move that comes our way...in this climate, I am sure they will offer some great trades

Are either of these poised to turn positive today?

Would be nice to know before the close...

Is there any way to do an end of day scan to know if the BPENER crosses to buy before the market closes, similar to the GDX swing system? 

Also, regarding indvidual components of the index,do you know of  a quick way to do a relative strength scan to choose the strongest of the group, either for BPENER or BPGDM?  For example, look at AUY  compared to GDX, totally outperforming...

Steve, Matt, or ditch:

Is there any way to do an end of day scan to know if the BPENER crosses to buy before the market closes, similar to the GDX swing system? 

Also, regarding indvidual components of the index,do you know of  a quick way to do a relative strength scan to choose the strongest of the group? 

Thanks in advance.

Entered yesterday at 43.89, set stop to breakeven afer gap this am, but got stopped out.  In retrospect, too close a stop for a double leveraged vehicle.  What do you all use for stop on DIG?

Fooling around with this BPNER concept further, is there an easy way to grade the BPENER components based on relative strength and choose the strongest of the lot for the trade?