davesaint86
726 posts
msg #141986
- Ignore davesaint86
modified |
2/7/2018 9:34:15 AM
johnpaulca - I'm looking at a 2hour chart of SPY with the 40 BB. What should I be looking for? Price crossed up above the lower band.
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johnpaulca
12,036 posts
msg #141988
- Ignore johnpaulca |
2/7/2018 9:53:07 AM
davesaint86
386 posts
msg #141986
- Ignore davesaint86
modified 2/7/2018 9:34:15 AM
johnpaulca - I'm looking at a 2hour chart of SPY with the 40 BB. What should I be looking for? Price crossed up above the lower band.
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look at price action around the middle band. BB40 is now below BB125, this tells me we're pulling back. Daily BB40 is above BB125...trend still intact.
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johnpaulca
12,036 posts
msg #141989
- Ignore johnpaulca |
2/7/2018 10:05:08 AM
SPY....action will be around 269....30-min chart
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davesaint86
726 posts
msg #141990
- Ignore davesaint86 |
2/7/2018 10:08:34 AM
Thanks!
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gmg733
788 posts
msg #142018
- Ignore gmg733 |
2/8/2018 8:32:47 AM
Dollar bounce coming to an end soon? UUP up into resistance and foreign currencies pulling back into strength.
My .02
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four
5,087 posts
msg #142019
- Ignore four |
2/8/2018 8:36:42 AM
"What’ll happen next? Dip buyers will come in, maybe at this very moment, or maybe later, and some of them will likely get plowed under, but there is way too much cash lined up in hedge funds specifically set up to profit from sell-offs. And dip-buyers have been rewarded relentlessly over the past eight years, and it’s not until the dip buyers get massively destroyed and stop dip-buying that the market is in real trouble."
https://wolfstreet.com/2018/02/05/so-what-do-i-think-about-the-crash-in-stocks/
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johnpaulca
12,036 posts
msg #142023
- Ignore johnpaulca |
2/8/2018 10:13:18 AM
johnpaulca
11,540 posts
msg #141985 2/7/2018 9:24:41 AM
SPY...looking for the next wave of selling unless we blow through BB40 on 2-hr(resis), but first we have to sucker a few more retail buyers at the open.
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hope you guys didn't sucker in yesterday
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johnpaulca
12,036 posts
msg #142026
- Ignore johnpaulca |
2/8/2018 10:33:35 AM
davesaint86
392 posts
msg #141986
- Ignore davesaint86
modified 2/7/2018 9:34:15 AM
johnpaulca - I'm looking at a 2hour chart of SPY with the 40 BB. What should I be looking for? Price crossed up above the lower band.
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You can see how BB40 on 2-hr still being a pain for bulls. More resis above with BB125. As you can see getting back into a trend is not easy, take lots of conviction by buyers.
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davesaint86
726 posts
msg #142034
- Ignore davesaint86
modified |
2/8/2018 11:40:39 AM
I see! So if price goes above the mid-band on the 2 hour 40BB is that a full buy or a first buy? If only the first buy what do you look at to buy more?
I still cannot figure out how you are using the 125BB. Are you overlaying that with the 40BB on the 2 hour chart. I did look for example at BA this way and the 40BB mid-line was above the 125BB mid-line. I do not know if this is what you were saying when you said the trend is intact. Thanks!
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johnpaulca
12,036 posts
msg #142035
- Ignore johnpaulca |
2/8/2018 12:01:20 PM
that depends on you risk tolerance and money management. If you buy when it crosses BB40 then you have to deal with a much stronger resis in BB125. Let it get above this resis with at least 2-close then buy the first pullback using RSI(2) or your favorite trigger. Buying into momo is less riskier than trying to find a bottom.
Averaging down is just plain crazy, ie. XIV
If a trade goes against you, get the hell out, don't throw good money at a bad trade. Bad trades are part of trading. You're a good trader if you get 60% of your trades right, anyone proclaiming they have more than 80% win is just full of sh$t....90% is a pipe dream....glty!!
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