Thanks. It has been a son-of-a-gun this time around. Still not 100% and trading from bed is a lot different than trading in my office. S/O moved a TV in here so I could hear the talking heads (volume low believe me) and S/O is in here with me so it isn't too bad.
I was told maybe another month and I can actually go to the store! Can't walk much cuz I get breathless...but that's life in the jungle as my S/O and I say.
Enough of that...
This seems to be the sort of market where you need to pay attention (very close attention) to the heavier moving averages. Before entering a trade look where they are. (20, 50, and 200) It wouldn't hurt to put in a 100 moving average for this month. I am and I think I'll make mine light purple!
That's odd enough to stand out in the crowd.
Measure how much room you have from the candle to the closest moving average. In other words if the stock is moving down and the candle on the 21 chart is @ $261.00 and the heavy moving average such as the 50 is @ $260.00 look somewhere else for a PUT. It is POSSIBLE that the 50 moving average may become support or the stock will move sideways. Look at the 21 chart of CF 9:51 4/2/14 and look at the HRFP signal on 55 and 34 but how much room does it have to move is the question. To me this coud be risky. Stock could go flat for a while. So I look somewhere else.
Remember the Bollinger band is also a moving average and can expand to accomdiate the move.
Watch gaps they can be head fakes.
PS. You need the S&P moving good....
Edited 2 time(s). Last edit at 04/02/2014 09:01AM by Darcy2.