Thank you Steve. Of course you are right but not all of us have
the time to follow a 5 min Chart. I see your point with GTIV, but
sometimes I have to set an entry and a stop before the opening and
let it go and hope for the best....
Suppose the only way for people who trade daily or hourly charts
is to work with wider stops....
zach, if money flow charts can be read just like price charts we
would have right now a nice and symmetric a-b-c-correction up after
an impulsive leg down.... and about now it should go down
again..
"The main message is to not get consumed with picking exact tops
and instead play the best setups with proper management of them.
"
Steve, Matt
That's not that easy sometimes. As you often tell us the best
way to get in a trade is not at breakpoint but earlier.Yesterday
there was gap up in the market which I didn't want to buy but I set
a few buys at around the day before's close.
GTIV. Matt thought in the newsletter it would be a good buy now
with a stop below the MA's. I bought and if I had set a
stop below the MA's I would have been stopped out shortly
after.... I'm still in and more or less flat, but should have been
stopped out with a loss of 2 % or so.
OMX: I thought it could break out, bought @10 but didn't
want to see a penetration of the uptrend line @ around 9.85, and
set a stop @ 9.82 and was stopped out rather soon. (see Chart
1)
KBH: Bought @16.50 (more or less the close of the day before)
hoping for catch the low right at support (the uptrendline) . After
making higher lows the last 6 days I didn't want to make KBH to
trade below 16.25 so I set a stop there which was triggered. (see
Chart 2)
Isn't that proper management? In case of GTIV it was Matt's
proposal to do it so (which I did not follow
). OMX and KBH it was my idea
which was not a good one.
But when losing 1.5 % or 2 % with a trade and you have 3
mistrades in an hour or so you need a 5 % positive trade to
only get flat.
I own right now KMX and GTIV. I don't know what to do with GTIV
(should have been stopped out...) and I'm short yhoo from higher
levels. Even if yahoo gets to the target (MA @ 18.75 I suppose)
that would not be 5% to get flat.
I just want to say that it's not that easy, at least for me. My
goldstocks made it a good day yesterday, but a reversal could occur
anytime in goldstocks like the last 168 times.....
kalinm. your postings are always interesting. Please keep
posting. You are, just like me, obviously way too early in beeing a
bear. All alarm bells are ringing but those banksters (who can
blame them... printing money is their only option...) manage to
keep things going. Your bearcharts are very convincing ond this
money/debt bubble can't go on forever. Problem is, that there still
could be a couple of weeks, even months bevore the trust in the
powers is vanished.... I hope I'll be there with shorts when the
time will come.....
I cannot follow your arguments. Bonds are beeing sold, much more
can come, here I'm with you. But why sell gold because of that?
Sell off in bonds means much higher interest rates. higher
interest rates means much more trouble for economy and the whole
debt problem (which there is no solution anyway imho).
I'm not sure that the USD is the place to be when there is a system
breakdown... and the only thing the FED can do is to inflate
even more.
Japanes stocks are not rising because of the strong japanese
economy. Japan is going the US-way and is weakening the Yen, very
successfully. They are just inflating the stock market. Nikkei
looks like a flag stick.
Support for metals? So without the bonds buying Gold would be at
500$ ? The Bankster do everything to survive..... as long as
possible. Part of the game is to prevent gold from rising.
Disagreement within the FED? They all know that their job is to
inflate. They won't stop printing, so this message by the FED was
targeted to the gold traders and means "We do everything to
prevent a new gold bull!!!"
I suppose gold can only rise when politics and banksters fail. I
bet on gold.... it can take a while but the longer it takes the
worse it will be...
TA tells us that the markets could turn down now.... may be...or
may be not yet...
I live in Europe and to me it looks like a joke when I read
economic news is generally improving (...in the US).
The USA is like a family which spends 100 K $ a year but earns only
60 K $. That's like russian roulette with more and more bullets in
the revolver. There still can be good news but at what
price/risk....Rather sooner than later this game will be over.
Of course it's not only the USA, it's everywhere. This debt
problem can not be resolved in a good way. I hope Matt/Steve
can tell us when to take the big shorts...
What can be expected now? Does this dropoff in the Futures and
this spike in the VIX mean that we should sell any rally
attemps oder that markets are already too much oversold in a still
valid uptrend and obe should buy now?
kalinm. I also hope for top cause I can't believe stocks are
going up forever and gold is going to the woodshred. But
wait for two more days and INDU closes at a new high and the
divergence has vanished...
The community is delayed by three days for non registered users.
Thank you Steve. Of course
$NYMO divergence
Posted by zwyss on 11th of Jan 2013 at 08:31 am
Thank you Steve. Of course you are right but not all of us have the time to follow a 5 min Chart. I see your point with GTIV, but sometimes I have to set an entry and a stop before the opening and let it go and hope for the best....
Suppose the only way for people who trade daily or hourly charts is to work with wider stops....
zach, if money flow charts
Money Flow
Posted by zwyss on 11th of Jan 2013 at 05:38 am
zach, if money flow charts can be read just like price charts we would have right now a nice and symmetric a-b-c-correction up after an impulsive leg down.... and about now it should go down again..
Suppose I read that one wrong
Title: Trading "The main message is
$NYMO divergence
Posted by zwyss on 11th of Jan 2013 at 03:40 am
"The main message is to not get consumed with picking exact tops and instead play the best setups with proper management of them. "
Steve, Matt
That's not that easy sometimes. As you often tell us the best way to get in a trade is not at breakpoint but earlier.Yesterday there was gap up in the market which I didn't want to buy but I set a few buys at around the day before's close.
GTIV. Matt thought in the newsletter it would be a good buy now with a stop below the MA's. I bought and if I had set a stop below the MA's I would have been stopped out shortly after.... I'm still in and more or less flat, but should have been stopped out with a loss of 2 % or so.
OMX: I thought it could break out, bought @10 but didn't want to see a penetration of the uptrend line @ around 9.85, and set a stop @ 9.82 and was stopped out rather soon. (see Chart 1)
KBH: Bought @16.50 (more or less the close of the day before) hoping for catch the low right at support (the uptrendline) . After making higher lows the last 6 days I didn't want to make KBH to trade below 16.25 so I set a stop there which was triggered. (see Chart 2)
Isn't that proper management? In case of GTIV it was Matt's proposal to do it so (which I did not follow
). OMX and KBH it was my idea
which was not a good one.
But when losing 1.5 % or 2 % with a trade and you have 3 mistrades in an hour or so you need a 5 % positive trade to only get flat.
I own right now KMX and GTIV. I don't know what to do with GTIV (should have been stopped out...) and I'm short yhoo from higher levels. Even if yahoo gets to the target (MA @ 18.75 I suppose) that would not be 5% to get flat.
I just want to say that it's not that easy, at least for me. My goldstocks made it a good day yesterday, but a reversal could occur anytime in goldstocks like the last 168 times.....
Gold, Silber
Posted by zwyss on 9th of Jan 2013 at 11:07 am
Can anyboday see just some positives here? Especially goldstocks behave like there is no tomorrow for selling....
While gold doesn't look that bad it seems to be that silber is in bigger trouble, so I tried to search for bullish view, which doesn't seem easy.
Here a 60 min. of SLV. What do you think. Could this be some weird kind of diamond bottom?
Don't hesitate to destroy my wish....
Thanks Steve Hoping for more but
ARNA - ride 'em!
Posted by zwyss on 8th of Jan 2013 at 03:09 pm
Thanks Steve
Hoping for more but set a stoploss @9.76
If you don't mind... instead of
ARNA - ride 'em!
Posted by zwyss on 8th of Jan 2013 at 03:02 pm
If you don't mind... instead of loosing money with even more goldstocks I decided to put some money, accidently, on a winner and so I'm also in ARNA.
Is there a good place for an exiit? What is the target for this first move?
Thanks
goldstocks
Posted by zwyss on 8th of Jan 2013 at 09:31 am
in case they want up, which I'm not sure at the moment (I say that as a goldbug...)... here 3 ideas.
Very strong look ....
...AUQ http://stockcharts.com/h-sc/ui?s=auq
AUMN http://stockcharts.com/h-sc/ui?s=aumn
...and maybe a bottom play, seems very well supported here
KGI.TO http://stockcharts.com/h-sc/ui?s=kgi.to
Watched a little bit of
Go Irish! beat 'Bama!
Posted by zwyss on 8th of Jan 2013 at 02:35 am
Watched a little bit of ESPN this morning here in Europe. Only thing I can say is
outch
Bull wedge or channel down? Nasdaq
SPX 3 with Fibs
Posted by zwyss on 7th of Jan 2013 at 10:59 am
Bull wedge or channel down?
Nasdaq today stronger than other indexes.
maybe new highs in the short term and then tanking?
Steve, please advise when good chances for a short (SPX or Nasdaq)
kalinm. your postings are always
Secular bear market action for last 12 years
Posted by zwyss on 6th of Jan 2013 at 01:57 pm
kalinm. your postings are always interesting. Please keep posting. You are, just like me, obviously way too early in beeing a bear. All alarm bells are ringing but those banksters (who can blame them... printing money is their only option...) manage to keep things going. Your bearcharts are very convincing ond this money/debt bubble can't go on forever. Problem is, that there still could be a couple of weeks, even months bevore the trust in the powers is vanished.... I hope I'll be there with shorts when the time will come.....
amillett, I cannot follow your arguments.
Metals are very weak because?
Posted by zwyss on 4th of Jan 2013 at 06:17 am
amillett,
I cannot follow your arguments. Bonds are beeing sold, much more can come, here I'm with you. But why sell gold because of that?
Sell off in bonds means much higher interest rates. higher interest rates means much more trouble for economy and the whole debt problem (which there is no solution anyway imho). I'm not sure that the USD is the place to be when there is a system breakdown... and the only thing the FED can do is to inflate even more.
Japanes stocks are not rising because of the strong japanese economy. Japan is going the US-way and is weakening the Yen, very successfully. They are just inflating the stock market. Nikkei looks like a flag stick.
Support for metals? So without
Metals are very weak because?
Posted by zwyss on 4th of Jan 2013 at 03:17 am
Support for metals? So without the bonds buying Gold would be at 500$ ? The Bankster do everything to survive..... as long as possible. Part of the game is to prevent gold from rising. Disagreement within the FED? They all know that their job is to inflate. They won't stop printing, so this message by the FED was targeted to the gold traders and means "We do everything to prevent a new gold bull!!!"
I suppose gold can only rise when politics and banksters fail. I bet on gold.... it can take a while but the longer it takes the worse it will be...
http://finance.yahoo.com/news/abbott-completes-separation-research-based-131100982.html Seperation. Now two units/shares, ABT
Anyone know what happened to Abbot Labs today? Down 50%
Posted by zwyss on 2nd of Jan 2013 at 08:23 am
http://finance.yahoo.com/news/abbott-completes-separation-research-based-131100982.html
Seperation. Now two units/shares, ABT and ABBV
good News!!!
President Obama to Comment on Fiscal Cliff at 1:30 PM
Posted by zwyss on 31st of Dec 2012 at 01:22 pm
...or he would not comment....
ignore the rest...
TA and news
Posted by zwyss on 31st of Dec 2012 at 06:07 am
...it's hard to ignore the rest, morgan...
TA tells us that the markets could turn down now.... may be...or may be not yet...
I live in Europe and to me it looks like a joke when I read economic news is generally improving (...in the US). The USA is like a family which spends 100 K $ a year but earns only 60 K $. That's like russian roulette with more and more bullets in the revolver. There still can be good news but at what price/risk....Rather sooner than later this game will be over.
Of course it's not only the USA, it's everywhere. This debt problem can not be resolved in a good way. I hope Matt/Steve can tell us when to take the big shorts...
Merry Christmas everybody (and frtaylor)
SPX 3 Minute with Fibs
Posted by zwyss on 21st of Dec 2012 at 01:12 pm
Should you want to talk german you can join me for skiing here
http://www.serfaus-fiss-ladis.at/pdf/pistenplan_de.pdf
I'll be there from tomorrow
ahhhhh.... Wie schön, mit dem
SPX 3 Minute with Fibs
Posted by zwyss on 21st of Dec 2012 at 11:39 am
ahhhhh.... Wie schön, mit dem Wort "oder"
Translation for americans: "oder" means "or"
I'm sorry, I wrote too schnell...
What can be expected now?
SPX 3 Minute with Fibs
Posted by zwyss on 21st of Dec 2012 at 11:01 am
What can be expected now? Does this dropoff in the Futures and this spike in the VIX mean that we should sell any rally attemps oder that markets are already too much oversold in a still valid uptrend and obe should buy now?
Are there any qualified opinions?
kalinm. I also hope for
Transports vs. industrials -- local divergence on top of VERY big divergence
Posted by zwyss on 20th of Dec 2012 at 02:21 pm
kalinm. I also hope for top cause I can't believe stocks are going up forever and gold is going to the woodshred. But wait for two more days and INDU closes at a new high and the divergence has vanished...
OK Steve, if you want
GOLD heading for 1650/1640 area. The Commercials appear to be spot on again.
Posted by zwyss on 18th of Dec 2012 at 12:15 pm
OK Steve, if you want me to do so.....
are there any short setups? I'm still following zachs WHR. Turning down here or just catching breath for a move up?