StockFetcher Forums · Stock Picks and Trading · Intraday Alerts<< 1 ... 1808 1809 1810 1811 1812 ... 1902 >>Post Follow-up
johnpaulca
12,034 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

johnpaulca
12,034 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.

davesaint86
503 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!

johnpaulca
12,034 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!!

johnpaulca
12,034 posts
msg #142036
Ignore johnpaulca
2/8/2018 12:05:58 PM

-Trend intact....BB(40,0.4, simple) > BB(125,0.1, expo)
-close > BB125
-Daily charts

johnpaulca
12,034 posts
msg #142037
Ignore johnpaulca
2/8/2018 12:10:04 PM

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davesaint86
503 posts
msg #142038
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2/8/2018 12:55:00 PM

Thanks for the explanation!

pthomas215
1,251 posts
msg #142039
Ignore pthomas215
2/8/2018 1:30:18 PM

grabbed 50 cents on YANG from last night purchase. it still has some juice but this market is scaring me a bit...heading for the sidelines for a bit.

johnpaulca
12,034 posts
msg #142069
Ignore johnpaulca
2/9/2018 9:24:09 AM

SPY....2690 line to hold, lots of overhead resis, traders caught will be dumping. Oversold(weak) bounce will be in play at the open. Bullish on /RB

johnpaulca
12,034 posts
msg #142070
Ignore johnpaulca
2/9/2018 9:38:45 AM

BB125(lower band)....resis at 261.06

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