Kevin_in_GA
4,599 posts
msg #83096
- Ignore Kevin_in_GA
modified |
11/15/2009 11:22:06 AM
Well, applying this same set of indicators to the $USD is also informative:
US Dollar with Bollinger Bands and Stochastics
Looks like we may have a dollar rebound? Fingers crossed for now.
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BarTune1
441 posts
msg #83104
- Ignore BarTune1 |
11/15/2009 6:01:41 PM
Thanks Kevin,
Been looking at charts this afternoon .... i have completely revamped my default graph settings for:
5dma
BB(9,2)
Stochastics(9,5,3)
RSI(2)
Thats about all I need to know - and the charts of what I hold or am short all look good right now. I also have a number of, what appears to be, good short candidates based on stochastics readings over 85.
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Kevin_in_GA
4,599 posts
msg #83106
- Ignore Kevin_in_GA |
11/15/2009 7:07:22 PM
I've noticed that for the Bollinger Bands, both the 9 day and 10 day settings give the same result. I have been going with 10 day as my default lately.
I like the combination of stochastics and Bollinger Bands. If you have not used this variant before try the following
draw Bollinger Oscillator(10,2) line at 90
draw Bollinger Oscillator(10,2) line at -90
This will convert the position of the close relative to the BBs into an oscillator (0 is the median line, 100 the upper BB, -100 the lower). Any time the close is within 10% of the distance to the BB, it might be a good signal in conjunction with the Stochastic(9,5,3) crossover.
Kevin
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BarTune1
441 posts
msg #83126
- Ignore BarTune1 |
11/15/2009 10:38:35 PM
Thanks Kevin .... good idea .... my standard screens included the B% and I always keep my eye on that statistic for >1 and <0 stocks. Now with the oscillator I can see it on my graphs. Pretty simple set up .... Stochastics, RSI2 and BB oscillator
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BarTune1
441 posts
msg #83128
- Ignore BarTune1 |
11/16/2009 8:25:10 AM
Looks like a rough start to the week for me .....
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Kevin_in_GA
4,599 posts
msg #83135
- Ignore Kevin_in_GA |
11/16/2009 10:55:46 AM
Me too. I just averaged in a little further when the DOW hit +130. Added another unit of each of the 4 3x bears I am in right now. With the added shares, I am still down about 3% on average.
Setting a stop loss at 7%. Will not average in any more this week (OpEx).
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BarTune1
441 posts
msg #83141
- Ignore BarTune1 |
11/16/2009 12:48:29 PM
I have added a number of short positions today near their highs ....
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trendscanner
265 posts
msg #83146
- Ignore trendscanner |
11/16/2009 3:20:07 PM
Bought SDS today around $35.7. May add more later this week depending how the market behaves.
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BarTune1
441 posts
msg #83151
- Ignore BarTune1 |
11/16/2009 6:42:58 PM
I added some SDS @ $35.75 and SKF @ 24.80
Shorted A CLF DISH DOW GRMN HBC mid or late day near their tops.
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Kevin_in_GA
4,599 posts
msg #83156
- Ignore Kevin_in_GA
modified |
11/16/2009 9:27:58 PM
I've been thinking (always a dangerous thing with me) ...
Going short this year has been pretty much a losing play for me - did OK timing oil and some commodity plays, but not the markets. Did have profitable short plays early in 1Q, but refused to believe that the rally was anything other than a trap, and consequently turned winners into losers.
Isn't one of Larry Connors tenets that for stocks trading above their 200 day MA, you only buy into weakness and sell into strength? By playing the inverse ETFs right now, are we violating that basic concept?
Because boy would I be happier playing long this year.
Kevin
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