MACD/Trendline Swing Trader

[retire45]

inks2002...

The MACD does tell us though to stay close to the door as the long profit at these levels will be harder to get that than 2 weeks ago... Point being if I were fanatical about low and high MACD trading only as well as patient I should be merrily unloading shares to the JCL's right about now.

 

[retire45]

Quote from inks2002:

gotcha, so what technicals are you basically using? Guess I was under the impression you were basically using MACD and ADX technicals.

Trendlines, the slope of an expo ma (usually 7), then sort by MACD.. ADX lags even more than MACD and is similar enough I don't use it much anymore..

I bet you the ADX on UAUA indicates an insanely strong trend...

 

[retire45]

Here is a site I use if price levels look foggy... I use it only for price levels - halfway down the page..

http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=uaua#ttop

UAUA price level quite clean.

 

[retire45]

Quote from retire45:

MOS + all Agrics.. .. Looks like a head and shoulders top.. Weekly looks like "this time is different".. Trying for short at 112. Looks like a trip to 95

After this I took 109 short and killed the trade day after at 111 or so.. the kiss goodbye of the broken line.

Rat level patience.. With quite a conviction in the current anti-commodity theme (enough to be long RYL!!) you would think I'd have a commodity short...

Not a 20/20 hindsight thing at all... An unwillingness to accept profits may be more neurotic than a preference for large losses over small.

Probably no new trades today.. SPWR nice looking short but no shares.

 

[retire45]

1/2 CAL sold 17.9
1/2 UAUA sold 12.9
Last 1/2 RYL sold 23.7

 

[retire45]

Interesting to note UYG not over it's July high (MER, LEH, C not bunring up the charts). Homebuilders (MTH!) something else.. Good thing I didn't stubbornly (stupidly?) hang on to those puts.

 

[retire45]

Out of CAL 18.5
Out of UAUA 13.45

 

[retire45]

Short BAC 31
Short WB 16

 

[retire45]

Covered
WB 15.05
BAC 30.05

New Longs - Oil Bounce?? Close enough to 110?
DRYS 71.12
JRCC 33.07
HOC 31.94
MEE 59.16

New Shorts
ICE 81.7 early -- break of 80 key..

S&P Wedge building too perfect to be true.. 1270 "should" be bounce area..

 

[retire45]

ICE.. stopped out.. give too short leash, guaranteed stop out, too long... comes and "just" gets you..

Key stress in trading in oscillating markets is you have to make decisions so often... JRCC.. what to do tomorrow... 37 stops it? If not then 40.