Based on Bollinger bands, they are now more oversold than they have been in 4 months.
Smart Money's Swing Trades Thru T.A.
- Thread starter Smart Money
- Start date
Based on Bollinger bands, they are now more oversold than they have been in 4 months.
You should be doing pretty well with your longs at this point.
Looks like today is going to be "movin' on up."
Looks like the reversal after reversal intraday theme is starting to fade out too.
If we hadn't moved up recently, we could have seen some MAJOR problems under price called pure air, fluid down.:eek:
Keep up the good work bro.
Looks like today is going to be "movin' on up."
Looks like the reversal after reversal intraday theme is starting to fade out too.
If we hadn't moved up recently, we could have seen some MAJOR problems under price called pure air, fluid down.:eek:
Keep up the good work bro.
Stuck my toe in the water and bought some EDZ. I think the markets are beginning to turn down, but I can't confirm that until we get a big move down, or if this price holds until the end of the day.
Thanks. Looking like things will continue to erode...bears appear to be taking over. If we end the day near where we started (or lower), I think we're in for a couple days at least of downward movement for the markets (or up for EDZ and TZA).
I've exited all long positions...way too risky right now.
SM
I'm real short. I have nothing but EDZ and TZA now. I'm pretty sure markets are going to tank from here for the next few days.
And down she goes... snp broke S2.
You're up 238bps in EDZ. If you've got a good bit of money in the trade, I'd consider closing it out before market close. If you're trading smaller, and don't want to churn yourself to death, that's another story. Just be vigilant with the 3:1
I've said this before. I think your indicator is doing a really good job for daytrading vs. swing (for now)
If you can bank 230-250bps/day and are trading enough $$$$$ to justify the round trip, I'd consider closing out before 4:00. Of course, I'll close out despite the ticket charges before losing $$$ holding at the wrong time.
Just my thoughts. I'm interested to see how your indicator does as a daytrading tool from what I've seen thus far. Keep us posted. Good call today.
You're up 238bps in EDZ. If you've got a good bit of money in the trade, I'd consider closing it out before market close. If you're trading smaller, and don't want to churn yourself to death, that's another story. Just be vigilant with the 3:1
I've said this before. I think your indicator is doing a really good job for daytrading vs. swing (for now)
If you can bank 230-250bps/day and are trading enough $$$$$ to justify the round trip, I'd consider closing out before 4:00. Of course, I'll close out despite the ticket charges before losing $$$ holding at the wrong time.
Just my thoughts. I'm interested to see how your indicator does as a daytrading tool from what I've seen thus far. Keep us posted. Good call today.
Quote from LEAPup:
And down she goes... snp broke S2.
You're up 238bps in EDZ. If you've got a good bit of money in the trade, I'd consider closing it out before market close. If you're trading smaller, and don't want to churn yourself to death, that's another story. Just be vigilant with the 3:1
I've said this before. I think your indicator is doing a really good job for daytrading vs. swing (for now)
If you can bank 230-250bps/day and are trading enough $$$$$ to justify the round trip, I'd consider closing out before 4:00. Of course, I'll close out despite the ticket charges before losing $$$ holding at the wrong time.
Just my thoughts. I'm interested to see how your indicator does as a daytrading tool from what I've seen thus far. Keep us posted. Good call today.
Here's the thing. I'm pretty sure the markets are swinging downward, so TZA and EDZ should be good for a few days. EDZ and TZA on average, do equally well. But EDZ is lagging. In my mind, that means there's a pretty decent chance that EDZ is going to gap up pretty hard tomorrow. If you check out it's history, you'll see that it does come off the bottom of a reversal like a rocket. I think it's worth the risk to hold...even if I lose.
SM