Strictly on the candle count I knew I wanted to watch MA for the down. I got my "E" signal on the 10 chart @ 11:00 candle close. I bought July Puts because the market was NUTS today. I bought 3 contracts since I bought July @ 17.10 and sold today @ 20.70 profit 1,078.89 for 21%. I was HIH.by Darcy2 - Trading Discussion
That is really great info. Thanx again. I use a weekly and daily to practice W/O. I'll add a 144 and study...study...study!by Darcy2 - Trading Discussion
20 candles up on the daily...I am looking for the down now. Thanx for the kind remarks. I trade short charts because I trust more of what I see. Eventually I will grow up...I promise!by Darcy2 - Trading Discussion
@robert Yep I remained in the trade as it went through earnings based on the action of the stock on the GW daily chart. The first gap up gave me the measure of the next move. Now would I trade it through earnings on a possible 3rd gap up? Not on your life. Why? Generally on a 3rd gap up the stock will turn down and it can turn down off the open. For me that would be riskier. I am not sayinby Darcy2 - Trading Discussion
I think the preferred method is one that works best for you. Here you see how investopedia measures a gap. However the method I like is from candle body to candle body. If I then take your example of candle B with all three lines that you have on your example and then take the line segment that you have on your charting tools; I would have 2 segment lines that measure the gap. One line wouby Darcy2 - Trading Discussion
@trendtrader1 Yep your E is the same as mine. I have a daily E chart as well. As far as candles go I like the candles especially when it comes to some of the major signals such as a bullish engulfing or hammers...hanging man or bullish kickers. I do like them as well for gaps. I found the gaps very helpful today for support and resistance. For instance AAPL gap on Daily chart from Feb 23 -by Darcy2 - Trading Discussion
Welcome. Always nice to have new folks. Thank you for your service to our country. You must have spent some time breaking all that info down. That looked like a lot of work. Hope we all can help you in your trading. Again welcome and now off to trading!by Darcy2 - Trading Discussion
I have been looking at shorter charts for an action chart during the summer zone. My 55 is my decision chart. I do look at the Daily to see is my decision chart is going to be strong or weak. I seldom hold over night. I just like sleeping peacefully. Someday I am sure I will change but for now I am happy with how my trading has been going. BUT The reason I am looking at a smaller E chartby Darcy2 - Trading Discussion
I use RTT Mon-Fri...and for study purposes on Sat. GW taught in 1-5 at least that his entire trading was based on earnings and splits. Taking what RTT has done has saved me immeasurable amount of time. I could have saved money on filing cabinets (way too much info to store on my rinky-dink computer at the time) had there been RTT several years ago. Not only that but I could have had severalby Darcy2 - Trading Discussion
You make sense. Market Makers have been busy that is for sure. I noted CF gapped down this morning. Now for something interesting about gaps.... Take your 10 "E" chart then mark the candle body bottom @ 15:50 on 5/14 with a line ray On the same chart mark the top of the candle on the open 5/15 with a ray line Using just the bodies mark the center distance from 5/14 - 5/15 with aby Darcy2 - Trading Discussion
Traded MA today. Got in @ 10:03AM left trade @ 12:24. Bought 3 June 560 calls for $12.20 sold for $16.80. GW's 55 and 21 showed trade would be fast and up. Had "E"on 10 and 21 E chart. I bought June because 1) Expiration week and 2) Entering the Summer Time Zone. I wanted some breathing room. Usually I trade in the week of expiration Mon and Tues but not this time.by Darcy2 - Trading Discussion
That is a gret book. There's another good book when this one is finished. It is called "The Tipping Point" by Malcolm Gladwell. My sister belongs to a book club and they read this one. She called me and said I would like it so I read it and I did. It is part of the reason I trade small charts because "little things can make a big difference'.by Darcy2 - Trading Discussion
Agree 100%. You also need the S&P which is $$$ in the market. Although there is not a gap on the Daily for Nasdaq or S&P futures there is one on the 55. Gaps need to close on small charts. Bigger charts can take months or years...if then. I looked at NFLX this morning and its pop up. I looked everywhere for the reason and there was not one. Amatures do not pop a stock on no news. Soby Darcy2 - Trading Discussion
@gregluther I have been studying gaps and FSLR was the perfect gap set up on the 10 and 21 movingaverage charts. That was my first alert. The close on 5/6 was 47.69 and the open on 5/7 was 46.62; a dollar move down. On my 10 moving average chart the "E" was a perfect set up for a trade. The gap is clearly seen on that chart. The 21 moving average chart also had the perfect "by Darcy2 - Trading Discussion
@TCB Yep this has been a rotten week really for trades. I really do not like split markets. They almost drive me nuts!by Darcy2 - Trading Discussion
@NMR "When you see the FP on the 55 and the FP on the 21 do you also look to see a E separation right at that time to trade? (or does the E occur afterwards.)"by Darcy2 - Trading Discussion
Great trade. There is a "death cross" on the daily. Doji closed gap on daily (4/18 - 4/19) I don't watch ISRG bur S/O does.by Darcy2 - Trading Discussion
In nothing today. I really hate split markets. To me they cause a whipsaw effect and I don't like my neck broken. Great trades all!by Darcy2 - Trading Discussion
S/O and I usually moniter tradws after we sell. EQIX after we left trade... option moved further up to make an additional $910.00.by Darcy2 - Trading Discussion
I love WLT. Ususally if I can't find something there is something on WLT. I also think WLT popped because EOG did yesterday. WLT will from time to time ride coat-tails. Grear TRADE! It is starting to turn @2:46PMby Darcy2 - Trading Discussion
EQIX...On 55 GW chart indicators going up and above resistance which are the moving averages. On GW 21 chart indicators also up with no resistance of moving averages. (**resistance I call above the clutter**) ADX showing strong trend up. On 10 and 21 moving average charts "E" present. Purchased 7 May 220 call contracts @ 4.00 sold @ 1:21 PM for 5.70 for profit of 42.5% dollar amouby Darcy2 - Trading Discussion
I went and looked changing my candles to a line chart and looked at monthly S&P, DOW saw triple tops and double tops but the mkt went down and then came back up breaking the tops for new highs. I think for now the mkt is hot but looks like it is slowing. It just seems like that. You have a double top on S&P daily (4/11 and 4/30) Several sideways moves on Daily DOW. It just seems asby Darcy2 - Trading Discussion
All I can say is finally. Maybe now we can get back to buisness of RTT assistance in how we trade, what we see, and why we pulled the trigger! Thx's for the post! Well said and AMEN!by Darcy2 - Trading Discussion
Using the RTT stats on the trends it just seems like a lot of stocks broke their trend this year. I am wondring if it is just me who see this? As far as heading south I wouldn't say that but it sure looks like some stocks are way too high. And there is a gap that needs closing on the Nasdaq and S&P 55 futures chart.by Darcy2 - Trading Discussion
S/O got in @11:27AM strike (out of money) 365 May Put for $6.00 Sold @ 2:45PM for $8.20...5 contracts. CMG will pull back on its spread after it quiets down some. I try to get my strike price within .10 to .20. If the stock is really moving that is hard to do. CMG is really bad to have a huge spread right off the open. I like my option to start moving (as Gary said)..."RIGHT NOW!by Darcy2 - Trading Discussion
Just wondering if this might be a signal for the year to come or is it just me? Ideas?by Darcy2 - Trading Discussion
Wasn't that (CMG) a sweet trade? S/O is still monitering the trade even though he is out. We often do this. Had he remained in the trade he would have been up +$1,400 but he is HIH. Did you get in with a decent spread?by Darcy2 - Trading Discussion
1 trade for me one for S/O... Me: 20 contracts @ $1.87 on FSLR. Was in the trade 11 minutes and made $1,024.00. It was as clear as water. Used the 10 and 21 moving average chart which formed the perfect set up for "E". Confirmation was right at the open with the gap down. I set alert to sound off when stock reached $43.00 and exited immediately when it did. I was done for the day.by Darcy2 - Trading Discussion