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SLV Short

2 more weekly charts of the trades I took this week and why SHORT CMCSA and SHORT SLV (through a 2x Inverse ETF = ZSL) SHOULD,....I repeat SHOULD end up being the perfect shorts. Look at the MACD lines....BOTH are below 0 line and curled down this week (red circle). Also notice a lower low...

Yes and Yes. I just posted daily chart because it is easiest to see the overall picture there as it has elements of weekly and 60 min chart all in one. Schaefer....you made mention that i acknowledged the MACD is above the 0 line on daily. I agree that while on some level the MACD being...

Up about 48% now. Was up 52% and now down a bit after the month of chop and gap open days. I feel like I am in good shape to HOPEFULLY add to this and maybe make an even 60% by year end.

The LARGE majority of traders do NOT have 90%+ win rate so averaging down is a dangerous concept. You have to think of this like a business. If you sell widgets and cannot keep them on the shelves because everyone wants one....you buy more. Why would you add inventory to a product that is...

So awoke from a much needed sleep after LONG week at work and felt like doing some charting. This post will be a bit long as I explain my TA and MOSTLY bearish outlook for the markets ahead. Obviously I am (per my 6% rule) nearly maxxed out in short positions so I am putting my $$ where my...

Just checked what happened today in the market. My SMN order filled the others did not. Current positions are Long SMN, SKF, EEV, and ZSL. Short CMCSA. So far all positions are profitable. Will try to post some charts this weekend.

Just awoke this AM to see futures UP as I suspected. I would expect a bounce to the 1230-1240 area as mentioned above. Trades: Buy SMN limit order @ $19.47 with stop loss @ $17.47 Buy SDS limit order @ $20.68 with stop loss @ $19.68 SHORT EWC limit order @ $26.91 with stop loss @ $27.74...

Great day today for me. Made up another 4.5%. So that means I have almost completely made up for the 7.5% loss for the last 4 weeks in ONLY 2 TRADING DAYS!! I realize this is so far unrealized gains (until I lock in profits) but at least my account value looks more normal and I am in trades...

Like I was saying,....broadening formations are usually VERY bearish and result in sharp moves down.

Thanks for the comments. I will try to post a few charts but quite frankly I dont have the time to make them too colorfull anymore. I obviously look at charts at night but make them colorful on weekends. Do you think if I posted charts on the weekend of trades I took in the week that that...

FINALLY!!!!..... Made back about 3% today on what I think was a TERRIBLE tape. Bears finally got it together. I think there is very little upside left here and we have rolled over in most key sectors today. Bonds breaking out, dollar making higher highs, silver broke down today, Financials...

Long ZSL @ $11.67. Stop @ $11.02. Long EEV @ $33.44. Stop @ $32.03.

Short CMCSA @ $22.09 earlier today with BUY TO COVER @ $22.58.

Bull vs Bear ,...you decide.

I trade both very frequently. I will choose either based on my system. If an index ETF gives me a signal I will trade the ultra ETF usually to maximize gains on a move. If I get stopped out I lose only 1% or less. Today was mostly nonevent day. I moved stop on SKF up. This is currently...

Thanks Riffraffpatrol. I have not posted over the weekend because I have been extremely busy at my full time job so i just saw your post. To answer you, I usually use a EMA type of crossover to determine stops. I have played around with ATR and found 2.9 * ATR seems like a decent stop as well...

Some longs just now. SKF @ $63.97 stop @ $60.87 SMN @ $18.46 stop @ $17.47.

SDS stop moved to $19.43. Going to see how the beginning of the day goes before looking at commiting more capital. Other orders did not fill yesterday. May look to buy inverse ETFs today.

Decided to make buy limit SKF @ $61.97 and SMN limit @ $17.67. So far SDS filled at $20.23 and AET stopped out at $39.76