| StockFetcher Forums · Stock Picks and Trading · A Newbie's Journey | << 1 ... 42 43 44 45 46 ... 48 >>Post Follow-up |
| sandjco 648 posts msg #149264 - Ignore sandjco |
10/2/2019 3:07:29 PM Thank you very much; was an easy 100% on the QQQ 187P SPY was no different  |
| shillllihs 6,102 posts msg #149265 - Ignore shillllihs modified |
10/2/2019 3:18:47 PM Nice, I didn't notice you had a put, I was saying spy wasn't ready to pop yet. |
| Cheese 1,374 posts msg #149280 - Ignore Cheese |
10/4/2019 4:40:58 PM sandjco 10/2/2019 3:07:29 PM Thank you very much; was an easy 100% on the QQQ 187P SPY was no different ================================================ Well done, sandjco. It's not the case of a blind squirrel finding a nut any more. You have some good charts behind those two puts. Were you able to capitalize on the bullish reversal of today? Which charts did you use for spotting reversals? |
| sandjco 648 posts msg #149283 - Ignore sandjco |
10/5/2019 12:15:18 PM Hi Cheese, I know you have been one of those kind people here at SF patiently giving me nuggets to think about...and would love nothing but to give back.... As much as I'd like to say I have a "secret sauce", I don't and believe it or not after 364 posts and countless of hours reading, I still am learning to find a way to trade "mechanically" without emotions. I am using Makhohs old filter and have tweaked it a bit using Fibo numbers (don't know why I find them fascinating). I do not have a system to "back test" any filters; I pretty much just eye ball them. I still don't have a "go to" filter or system. I guess you could say that I'm still confused lol! Sure miss the old days where there were quite a bit of post that you could learn from. As "luck" may have it, I did play the reversal as per the signal provided and bought Oct 25 191C at $1.15. Why luck? Aside from seeing the signal, I merely placed a low bid on the contracts while I went about my day. My logic was that it was close to support and RSI2 was oversold. I wasn't able to post the trade. i closed 80% of my position EOD Friday for another 100% but couldn't post so it don't count. I opened an initial position for Dec 197C at $2.50. I will be adding more if there is a follow thru Monday. The trade could have easily gone against me. Hence, I am still thinking there was some luck involved. As I'm not an option pro, I think I may be picking the wrong strikes or entries. I usually end up picking up what is cheap (as in less than $5/contract). So I continue to read and experiment not looking for the "holy grail"...but to understand and find my own path. QUESTION: do you know of a script wherein it would trigger when price crosses a trend line? For example, on the charts below..I've drawn a down trend line (red) and I'd like SF to automatically tell me which stocks have crossed down trend lines or say a flat resistance top Hope I've answered your question.   |
| Cheese 1,374 posts msg #149286 - Ignore Cheese |
10/5/2019 3:33:06 PM Thanks, sandjco. There is always a luck and chance factor, especially when everything can change with tweeting and jawboning. But first and foremost, I think you are very good with trading and risk management. Only price pays so you were certainly right in using rsi for your decisions on Fri Oct 4 . Here is a pinned tweet on Wed. Oct 2 by Thomas Lee, a well known money manager https://twitter.com/fundstrat/status/1179545118124253184 Watch S&P 500 daily RSI. Last 4 of 5 times, when it gets to below 30, it has marked end of selloff As for your automated alert question, I don't have a good answer rand I don't know anything about options. However, there are plenty of people here and at TradingView who should be able to help you, for example people like davesaint86, mahkoh, and many more. GLTY |
| xarlor 644 posts msg #149287 - Ignore xarlor |
10/5/2019 4:35:22 PM sandjco, there's probably better ways to find breaking trendlines, but this is what I use in my filters. Unfortunately, when looking back, the LRC always draws with today's data, instead of however long you're looking back. The filter is still showing correctly, it's just the LRC lines display based on today's data. Go back a month to see what I mean. Still, it does a reasonable job of showing a breakout of a trend. |
| sandjco 648 posts msg #149288 - Ignore sandjco modified |
10/5/2019 5:11:35 PM Thanks Cheese and Xarlor Here is RSI 14 on SPY...haven't used RSI 14 for a long while as I've found it too slow to compound but I should pay attention to it.  Where while it go next? Mixing Cheese's and Xarlors inputs...gives me My usual issue...how to find the babes amongst the candidates... As always, I am open to feedback! Thank you in advance. |
| xarlor 644 posts msg #149290 - Ignore xarlor |
10/5/2019 6:03:57 PM Added two lines at the bottom to tighten up the number of results. |
| Cheese 1,374 posts msg #149291 - Ignore Cheese |
10/5/2019 6:45:49 PM sandjco and xarlor, T A wise, I like your fiters. Thank you for sharing. You guys are becoming the real valued "go to" members of this forum. But there are some non-TA black swans and orange swans that are always in the back of my mind. Some market bears expect the upcoming high level US-China trade talks on Oct 10-11 to likely disappoint with no major trade concessions from China. Rather, China may only offer to help tamp down on the opioid crisis and to buy only a moderate amount of US agricultural goods that China needs. Last Friday. Putin pre-empted all this with his announcement that China has agreed to buy from Russia all the soybean and other agricultural goods that it needs. Tweets trump T A dny day. |
| Cheese 1,374 posts msg #149292 - Ignore Cheese |
10/5/2019 11:50:41 PM sandjco, According to some trading posts that I've read, StockTA provides the best support and resistance lines, apparently in a smart way, i.e. only where appropriate. StockTA Trend Analysis: Performs linear regression on short term (20 day), intermediate term (60 day) and long term (120 day) high and low analysis to determine if trend lines (rSquare>0.8) and channels exists. The slope is the daily gain (-loss) of the trend line.Alerts include existence of trend channels and recent break outs. As an example, at the time of writing, StockTA shows support and resistance lines for XLRE http://www.stockta.com/cgi-bin/analysis.pl?symb=XLRE&mode=table&table=trend StockTA has never asked me for personal info, credit card or donation, but it is the labor of love of one man band, so sometimes during peak trading hours, the site may not be able to handle the load. GLTY |
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