bluezango...if you have some valid setups then trade them in
accordance with your triggers. I was focused on some short
setups as the market was quite extended short term. I posted
a valid setup on Crude Oil - did you trade it? One must move to the
intraday charts for addition evidence. Trade your plan.
Posted by bluezango on 21st of Jul 2015 at 09:41 am
Nope, did not do OIL, but up nicely 1.5% at the moment! I
was just wondering. Usually when something moves 6-10-more%
explosively we get more discussion around RTM. (I am partially
sitting on my gains at the moment and being more patient waiting
for real triggers and solid opportunities, not trying to force it
in this wild market :)
bluezango...I bet you're glad I didn't post many RVM setups
regarding XLE OIH GLD GDX on Monday. I explained my rationale again
last night. GDX and XLE made new lows today and GLD retesting
lows. I prefer to focus on better setups then guessing bottoms
without supporting evidence.
I suppose most wouldn't have triggered anyway but like Steve and
I say, you want to see div on a 60 min chart and preferably some
kind of wedge pattern, otherwise the probability is too low and we
pass on them as too subject to false breaks
Posted by bluezango on 22nd of Jul 2015 at 11:50 pm
Yes, it would have to have been very fast 1/2 day 7/21 trades
with tight stops for 1 fast bounce, but all of them would have made
money and did bounce. Max gains off 7/20 close: FCX 6.6%, GDX
5.5%, OIH 2.7%, XLE 1%, GLD .5%, but as you say maybe odds were
low.
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Why no Reversion To Mean (RTM) suggestions or ideas on OIH, FCX, GLD, JDX, XLE?
Posted by bluezango on 21st of Jul 2015 at 09:30 am
It seems that these are: "extended", "far away from the 9", etc...
COP is one oil stock
Posted by steve on 21st of Jul 2015 at 09:38 am
COP is one oil stock that was decent setup on 60 minute for a quick bounce...
bluezango...if you have some valid
Posted by steve on 21st of Jul 2015 at 09:32 am
bluezango...if you have some valid setups then trade them in accordance with your triggers. I was focused on some short setups as the market was quite extended short term. I posted a valid setup on Crude Oil - did you trade it? One must move to the intraday charts for addition evidence. Trade your plan.
Nope, did not do OIL,
Posted by bluezango on 21st of Jul 2015 at 09:41 am
Nope, did not do OIL, but up nicely 1.5% at the moment! I was just wondering. Usually when something moves 6-10-more% explosively we get more discussion around RTM. (I am partially sitting on my gains at the moment and being more patient waiting for real triggers and solid opportunities, not trying to force it in this wild market :)
bluezango...I bet you're glad I
Posted by steve on 22nd of Jul 2015 at 03:46 pm
bluezango...I bet you're glad I didn't post many RVM setups regarding XLE OIH GLD GDX on Monday. I explained my rationale again last night. GDX and XLE made new lows today and GLD retesting lows. I prefer to focus on better setups then guessing bottoms without supporting evidence.
I suppose most wouldn't have
Posted by matt on 22nd of Jul 2015 at 03:48 pm
I suppose most wouldn't have triggered anyway but like Steve and I say, you want to see div on a 60 min chart and preferably some kind of wedge pattern, otherwise the probability is too low and we pass on them as too subject to false breaks
Yes, it would have to
Posted by bluezango on 22nd of Jul 2015 at 11:50 pm
Yes, it would have to have been very fast 1/2 day 7/21 trades with tight stops for 1 fast bounce, but all of them would have made money and did bounce. Max gains off 7/20 close: FCX 6.6%, GDX 5.5%, OIH 2.7%, XLE 1%, GLD .5%, but as you say maybe odds were low.