no it doesn't, you must be looking at STS 11, that means there
were 11 STS stops in the trend when it was long/active, it doesn't
mean the number of days it's been flat. You can see from the
chart it went flat on June 26th o r27th.
that said - again guys this is where some subjective trading
should come into play. On June 26th the the close was 118.34, the
stop was shown as 118.4 - we are talking about 6 cents there - to
me that's noise. As I've stated I use those STS stops as a guide -
if the stop is getting close I'll go look at the chart on the daily
and 60 min time frames and make a determination if I want to give
it more room or not. For me otherwise $120 stock, to me maybe 50
cents or more would be wiggle room. Also we had the stock a a trade
idea wedge, so it's one I may have just stayed long, which I did.
Also - the systems can sometimes get stopped out on 4th wave
pullbacks, so it's one thing to be cognizant of.
anyway we'll see what the market does this week after the 4th.
If there's going to be a pullback I think it occurs right after the
4th, if not, well the first couple weeks of July are generally one
of the most bullish times historically of the year
Googl shows it being flat
I took the GOOG long from the alerts, am down ...
Posted by steverobin on 4th of Jul 2023 at 09:51 am
Googl shows it being flat for 11 days in the table
no it doesn't, you must
Posted by matt on 4th of Jul 2023 at 11:51 am
no it doesn't, you must be looking at STS 11, that means there were 11 STS stops in the trend when it was long/active, it doesn't mean the number of days it's been flat. You can see from the chart it went flat on June 26th o r27th.
https://breakpointtrades.com/ts/view_chart.php?s=GOOGL&g=mega
that said - again guys this is where some subjective trading should come into play. On June 26th the the close was 118.34, the stop was shown as 118.4 - we are talking about 6 cents there - to me that's noise. As I've stated I use those STS stops as a guide - if the stop is getting close I'll go look at the chart on the daily and 60 min time frames and make a determination if I want to give it more room or not. For me otherwise $120 stock, to me maybe 50 cents or more would be wiggle room. Also we had the stock a a trade idea wedge, so it's one I may have just stayed long, which I did. Also - the systems can sometimes get stopped out on 4th wave pullbacks, so it's one thing to be cognizant of.
anyway we'll see what the market does this week after the 4th. If there's going to be a pullback I think it occurs right after the 4th, if not, well the first couple weeks of July are generally one of the most bullish times historically of the year
Yes. Not sure what I
Posted by steverobin on 4th of Jul 2023 at 03:37 pm
Yes. Not sure what I was thinking. Googl seasonally is very strong in July. I am long the stock and call options.