Thank you Progress!, Your analysis of the markets short term view is exactly what i was thinking. Feel free to drop in and post your market thoughts anytime. We may not always agree with each other but that's ok, different viewpoints open the mind to alternate possibilities. On 01/26 two of my 48 finally got hammered. MCK down 13 pts. and WHR down 18 pts, negative earnings. back to a little bitby Trader - Trading Discussion
Markets pulling away from 3 week pause with break away gaps. all reasoning would now suggest a continuation of the madness. 1/3 of my 48 are overbought on dailies and weeklies! VIX now at 3 year lows. why does this feel like the 2000 dot com bubble?. Volume flow picking up ever so slowly. not one of my 48 has announced negative earnings yet. shocking, best earnings season ever! If the markets caby Trader - Trading Discussion
SPY still in a 3 week trading range. A protectionist address by Trump you would think would have been a negative for the markets. so far the market is saying otherwise, but I believe earnings are holding up this market, as i said they would awhile back. besides this, not one of my 48 has been hit hard by bad earnings. of course its still early. I usually get at least 2 securities that go downby Trader - Trading Discussion
Thanks FTS, glad someone enjoys my ranting. my wife hates it. she hears market analysis from sun up to sun down. that's what she gets for marrying me. she knew what she was getting into! In a nut shell i don't usually trade the markets when the VIX is over its 20 period hull. for that matter if its even flirting with the 20 period hull, touching it or close to it. (over or under). as you canby Trader - Trading Discussion
Markets doing somersaults trying to hold these levels. trying to bring in as many buyers as they can near the top?. Zero buying conviction right now. The path of least resistance is still down. The biggest most relevant corporations announce earnings in 12 days. Oil, Aerospace, Industrials, Transports, HMO's. anything after that is filler. So maybe the market has 2 weeks of upside potential?, butby Trader - Trading Discussion
Thank you djpl8!, I appreciate that!. The SPY has now crossed its daily hull and is now attempting to break its 2 week correction and test new highs. the VIX has been turned back at its declining 50 MA and has moved below it daily hull. I would normally be positive about this, but this is what will keep me out of the market till i get more clarity. Pros: 1.SPY daily hull crossover (by Trader - Trading Discussion
Volatility Rising. just in time for January. The honeymoon is over. Big boys now taking positions in the VIX. They are betting on upcoming volatility. VIX goes up, market goes down. eazy peezy, simple dimple, this isn't rocket science. Still trading in the moment with no forethought of the future? leave that rookie taught stuff for the amateurs that will never swing a big line. The allies are aboby Trader - Trading Discussion
Market has begun to churn. For the last 3 days stocks and Indices have been seeing heavier volume without gains. stocks not holding gains. so whats that? distribution!. I still don't see a meaningful pullback during December, but i see a lot of chop. maybe even one more move up before Christmas. Are markets prepping for a January pullback? If so how deep? I love doing a forecast of what i belieby Trader - Trading Discussion
AMGN SOLD @ 9:15 AM @ 149.59 I don't mind playing fed announcements, but not this one. one can always get back in. right now, i just want to protect profits.by Trader - Trading Discussion
LMT acquired at 10:19 am @ 252.05 - 800 shrs. now lets see if i can scalp anything off this. AMGN acquired @ 145.45 1K shrs. will hold this until it hits 150.00 ( UNLESS MR TRUMP TWEETS AGAIN! ) LMT SOLD @ 254.02 ( hated that trade. 1 pt bid/spread, robbery! it might go higher, i don't care. its all over the place. These are position trades. at least 3 days.by Trader - Trading Discussion
Damn good selloff in NOC and LMT. These key leaders have now breached their weekly hulls to the downside.by Trader - Trading Discussion
Devil of course i don't mind you asking. I was going to layout my strategy over time but i can do it here and now in a nut shell, but be forewarned, its nothing exotic and rather boring. its also not for everyone, especially those with unbendable concepts already embedded in their heads. I think its a rare attribute found in very few traders. the ability to accept something new even if it worksby Trader - Trading Discussion
Hey Richie no worries. To answer your question. trading is all i do. no 9-5. GOD FORBID. trading is my life. well to make money anyway. as for Gary Williams, no i don't know the guy. now ask me if I've heard of Paul Tudor Jones, Martin Schwartz, or Michael Marcus. Like i said before you will trade your way or the way of Gary Williams and i will continue to trade mine, self taught. But even thoughby Trader - Trading Discussion
Hey Richie thanks for the post. my thread is just a viewpoint from my perspective. like there are billions of people on the planet there are billions of ways to trade. its not a my way or the highway kind of thing. Its more like hey this is the way i make money consistently in the markets. the ways are endless though, and I'am always open to new ideas, hell, i might even learn something from youby Trader - Trading Discussion
Well, if you don't know already, this is what a strong bull market looks like. impressive!. 3 week thrust of trump rally followed by a minor 1 week pullback followed by another 1 week thrust. amazing. Traders falling over themselves chasing momentum, Both institutional and retail. As Van Halen would say EVERYBODY WANTS SOME!. The market continues rotating in and out of sectors/stocks to the upsby Trader - Trading Discussion
Time to play again. I reentered the market this morning in 2 trades, 2 Securities. 1K shares each. I entered the Utility and the Consumer Staples sectors. These are risk off sectors. My 20+ years of trading experience have taught me many things, one of them is for every mega rally there will be hell to pay for someone. those buying here are at a higher risk. the easy money has been made. I thinby Trader - Trading Discussion
Awesome, thanks for sharing that with us Sara!by Trader - Trading Discussion
Yup i agree. time to be a bit more patient here. The market just went up to damn fast. what goes up must come down. I went to the wishing well one more time though this morning to see if i could recreate the magic. no dice. I was up 1000 bucks in 1 1/2 hours and then my biotech petered out. I bailed with 700 bucks. that's it. believe me when i tell you i was waiting for a hell of a lot more thanby Trader - Trading Discussion
A 2 tier market. haven't seen this in a long long long time. Aerospace/Weapons, Transports, HMO's, Financials, up up up. Technology and Utilities getting killed. lovely.by Trader - Trading Discussion
Profits taken. sold in the AM. It appears markets will pullback and backfill from here. I believe that's all this is. a pullback due to the parabolic rise we just had. for every action there is a counter reaction, and that was one hell of an action markets just exhibited. Due to seasonality that's all i believe this is, a pullback. I will reenter this market by Wednesday or Thursday. market shoulby Trader - Trading Discussion
Market picking winners and losers in a Trump world. As of 11:00 AM Calif time, Dow is up 276 Points. This Buying panic is still in play. Volume is 32 % above average with 2 hours to go. buying buying buying. New highs in all major indicies and then some coming. Stocks getting pricey already. GREED IS GOOD. Rick R.by Trader - Trading Discussion
Lol, Guy you think the market has only sucked for the last two weeks?. You must be a trading GOD then. I think the market has sucked for the last 3 months and i have not traded as much as i would have liked. This market is truly set up to take your money as quick as possible. but then markets have always been set up that way. after all it is no different than a casino. I don't know what instrumenby Trader - Trading Discussion
No i wouldn't mntman, haven't seen any. but that would be nice to know!. your right at present time no website has updated the symbol change. I just did a google search when Robert found EMC was not updating. then i found KHC replaced EMC but KHC was messing up the Rising Tide, thus i replaced KHC with HSY. lets hope no more changes for awhile!. Rick R.by Trader - Trading Discussion
Hi mntman, I Love what you did with the Rising Tide, the dashes and the labels. genius!. As for the horizontal lines, I do not use them for entry or exit points either, but i do want to know where we are in the cycle of the market. that cyan line tells us where we are. If you back test the study you will find that the market stays in extreme conditions for approximately 4 - 5 weeks. not always, bby Trader - Trading Discussion
Anyone paying attention to this study?, you should be. it is about to go extreme oversold. (Daily Time frame - 50 Parameter) I expect a bounce first, then things get uglier. I do not expect another v bottom as we had on 6/27. I expect this selloff to continue down into late October to early November. You will have rallies in between for short term trading, as always, but be forewarned they will bby Trader - Trading Discussion
Hi netarchitech, Thanks for the help and time spent on this one!by Trader - Trading Discussion
Hi netarchitech, Your right the above code does color the HULL ma when price is above or below it. what i should have stated was i wanted to colorize my charts with clouds when that criteria was met. that is when price crosses the HULL ma there should be a green cloud as long as price is above the hull. when price crosses below the hull i should get a red cloud. kinda like Roberts code listby Trader - Trading Discussion
Hi Guys, I'm trying to color the background as well but when price crosses the 20 period hull moving average. green up red down. I'am using the original tos code. I tried multiple ways to assign background color but to no avail. didn't know one line of code would be that tough. any help would be greatly appreciated. Here is the code. # # TD Ameritrade IP Company, Inc. (c) 2008-2016 #by Trader - Trading Discussion