Posted by Robert50 on 11th of Aug 2011 at 04:08 pm
Stick with it. The changes to the system would have
changed to a buy signal on 8/8, the Renko Charts are pointing up,
and we have some higher lows. I have fallen for this trap
before, selling at the lows when we are at or near a bottom.
No guarantees of course....that why mechanicals help....IMO
If your head is planning games with you look at it this
way: If you sell and the market goes up, you can only blame
yourself. If the market goes down, you can blame the
"system."! LOL
I am guessing we go down tomorrow and higher next week, although
choppy.
Posted by Robert50 on 11th of Aug 2011 at 02:36 pm
Notice the bleeding downward has stopped for the time being,
despite the volatility. We need to go sideways for a while
without breaking down and falling again. That has happenned
the last few times over the past year to 18 months before starting
back up....
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
The community is delayed by three days for non registered users.
SPXU 60
Posted by Robert50 on 18th of Aug 2011 at 01:29 pm
http://stockcharts.com/h-sc/ui?s=SPXU&p=60&b=5&g=0&id=p73622141521&a=241454996
Bear Flags?
Posted by Robert50 on 18th of Aug 2011 at 01:26 pm
Am I missing something? All I see is bear flags on intraday charts.
Higher?
Posted by Robert50 on 15th of Aug 2011 at 03:28 pm
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&b=5&g=0&id=p17661973998&a=239611267
Friday Intraday
Posted by Robert50 on 14th of Aug 2011 at 11:07 am
Looking at all these SPX 5, 15, 30, aren't these bull flags?
Think you are right Marketguy.
Well...
Posted by Robert50 on 14th of Aug 2011 at 11:00 am
Think you are right Marketguy. Down, then up would be nice.
The Renko Charts
Posted by Robert50 on 12th of Aug 2011 at 09:50 am
Matt's Renko point chart looks positive and the Stockcharts.com Renko default, just turned positive as well.
SO SPY trade in better position going forward I would think.
Renko
Posted by Robert50 on 12th of Aug 2011 at 09:49 am
Matt's Renko point chart looks positive and the Stockcharts.com Renko default, just turned positive as well.
Maybe, Matt, but breaking discipline
New SPY system stop loss rules, etc
Posted by Robert50 on 11th of Aug 2011 at 04:24 pm
Maybe, Matt, but breaking discipline is counter-productive to a mechanical system, as you have pointed out. Capitulation I guess.
All this action sure beats watching a soccer game!
Posted by Robert50 on 11th of Aug 2011 at 04:19 pm
hurricanemalta , the system would have
Anyone have any justification for exiting now? A fraction or ...
Posted by Robert50 on 11th of Aug 2011 at 04:16 pm
hurricanemalta , the system would have bought at the close of 8/8 at 112.26. That is about +4%
See his post below.
gap down tomorrow, up next
New SPY system stop loss rules, etc
Posted by Robert50 on 11th of Aug 2011 at 04:15 pm
gap down tomorrow, up next week? Looks that way. Would be healthy as steve pointed out.
Stick with it. The changes
Anyone have any justification for exiting now? A fraction or ...
Posted by Robert50 on 11th of Aug 2011 at 04:08 pm
Stick with it. The changes to the system would have changed to a buy signal on 8/8, the Renko Charts are pointing up, and we have some higher lows. I have fallen for this trap before, selling at the lows when we are at or near a bottom. No guarantees of course....that why mechanicals help....IMO
If your head is planning games with you look at it this way: If you sell and the market goes up, you can only blame yourself. If the market goes down, you can blame the "system."! LOL
I am guessing we go down tomorrow and higher next week, although choppy.
Outstanding info Matt. Another reason
New SPY system stop loss rules, etc
Posted by Robert50 on 11th of Aug 2011 at 04:03 pm
Outstanding info Matt. Another reason to stay with the trade if you were inclined to sell!
WIll try a small short
RSI 2 exit
Posted by Robert50 on 11th of Aug 2011 at 03:30 pm
WIll try a small short at the close. SPXU down almost 16% in a day. Incredible.
Now we're cookin'! SPX 60
Posted by Robert50 on 11th of Aug 2011 at 03:14 pm
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=0&dy=21&id=p91716365026&a=239606896
SPX 60
spx 60
Posted by Robert50 on 11th of Aug 2011 at 03:12 pm
Now we are cookin'!!!
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=0&dy=21&id=p91716365026&a=239606896
My CALLS ARE UP 178%
what are you all planning to do going forward?
Posted by Robert50 on 11th of Aug 2011 at 03:05 pm
My CALLS ARE UP 178% TODAY and I am still at a $3K loss. You gotta love it!
Meaghan, especially with all this
Late today
Posted by Robert50 on 11th of Aug 2011 at 02:55 pm
Meaghan, especially with all this volatility.
spx 60
Golden Cross
Posted by Robert50 on 11th of Aug 2011 at 02:51 pm
a lot of funds, especially pensions, seem to watch them. But has not been a successful tool the past two years.
spx 60
Posted by Robert50 on 11th of Aug 2011 at 02:36 pm
Notice the bleeding downward has stopped for the time being, despite the volatility. We need to go sideways for a while without breaking down and falling again. That has happenned the last few times over the past year to 18 months before starting back up....