i post my first trade---i do shares not options because we are near middle line not at extremes---i explained this before--in next 10 min we will be getting 'either/or' signal---so i am anticipating a little---10 min---i believe i will be ok--
well now we have returned to the middle line--57.74---if i had bought options i would exit here to be safe---they would be up about 37% and i would exit--since i have shares this is more forgiving--and i can afford to gamble more--i will stay in trade--i am gambling that we break above the middle line again--maybe tomorrow---for today i will expect resistance here now--i will hold with my trade in profit almost $2---
still i will be on alert--if we fail at middle line then we will go to bottom of channel--i will be on alert for failure--i hold with trade in profit---this is the luxury of shares instead of options--you can be more brave--
friday 12:20 ok i will update this trade--i am back to $2 in profit for trade--i will hold over weekend--i am waiting for top of cycle channel--this was my original plan on entry--there i can take more risk with puts--
so far bad execution on this trade--but it will end in some profit so i will settle for this--i did not expect one day sudden move to bottom of cycle channel---herr wizard you do not have to critique this trade---i already see every false move i made--still i have the same problems--
today we broke above middle line--this is one day later than i expected--i will live with this--now i wait for top of cycle channel---
status of all lines as of this moment--
top of cycle channel = 58.82 middle line = 57.78 bottom of cycle channel = 56.51 this will slowly change each day--
Hello Kevin, I have no intention of giving a critique of any of your trades. This is something you should do.
I just have a question though. The middle line of the cycle channel at the time of your post was 57.43 NOT 57.78. I assume you just hit the wrong keys. Or maybe you were looking at the Thursday chart?
Also the top and bottom of the cycle channel is a zone of prices, a range not a line. Why do you give only the entry point into the range?
This is how I would post the status of the cycle channel:
status at the close 11/11/2011:
top of cycle channel = 58.82 <----> 59.40 middle line = 57.52 bottom of cycle channel = 56.52 <----> 55.94
ok--trade is now in $3 profit---i will continue holding--i will say today we have decided the battle at middle line--so i will stay--
now we are free to visit the top of the cycle channel---this was the target on entry---i believe the price will reach this level before friday--todays chart tells me this--
ok--yes i know the top of the cycle channel is a range not a line---i rather to deal with lines--this suits what i do--i will please everybody by giving the cycle channel parameters like this--this will be my new notation---
11/15/11 2:20 ---channel status---
top high limit = 59.48 top low limit =58.90
middle line = 57.64
bottom high limit = 56.60 bottom low limit = 56.02
i hold this trade expecting to see the top limits in next 3 days--
i stay on alert for possible failure at the middle line--this failure grows less likely because of chart positives that occured in intraday chart--and middle line is receding beneath us---still we must remain on watch---but today we take a little breath of relief--
well now we have returned to the middle line--57.74---if i had bought options i would exit here to be safe---they would be up about 37% and i would exit--since i have shares this is more forgiving--and i can afford to gamble more--i will stay in trade--i am gambling that we break above the middle line again--maybe tomorrow---for today i will expect resistance here now--i will hold with my trade in profit almost $2---
ReplyDeletestill i will be on alert--if we fail at middle line then we will go to bottom of channel--i will be on alert for failure--i hold with trade in profit---this is the luxury of shares instead of options--you can be more brave--
I am waiting 1217 ES.
ReplyDeletebut bottom may be in already...
ReplyDeleteWill have time tonight to investigate... no time now...
now its 1224 ES I want
ReplyDeletefriday 12:20
ReplyDeleteok i will update this trade--i am back to $2 in profit for trade--i will hold over weekend--i am waiting for top of cycle channel--this was my original plan on entry--there i can take more risk with puts--
so far bad execution on this trade--but it will end in some profit so i will settle for this--i did not expect one day sudden move to bottom of cycle channel---herr wizard you do not have to critique this trade---i already see every false move i made--still i have the same problems--
today we broke above middle line--this is one day later than i expected--i will live with this--now i wait for top of cycle channel---
status of all lines as of this moment--
top of cycle channel = 58.82
middle line = 57.78
bottom of cycle channel = 56.51
this will slowly change each day--
i will continue holding tqqq over weekend--
Hello Kevin,
ReplyDeleteI have no intention of giving a critique of any of your trades. This is something you should do.
I just have a question though. The middle line of the cycle channel at the time of your post was 57.43 NOT 57.78. I assume you just hit the wrong keys. Or maybe you were looking at the Thursday chart?
Also the top and bottom of the cycle channel is a zone of prices, a range not a line. Why do you give only the entry point into the range?
This is how I would post the status of the cycle channel:
status at the close 11/11/2011:
top of cycle channel = 58.82 <----> 59.40
middle line = 57.52
bottom of cycle channel = 56.52 <----> 55.94
Take care
Thank you guys. Hope you have a nice weekend. New post
ReplyDelete11/15/11
ReplyDeleteok--trade is now in $3 profit---i will continue holding--i will say today we have decided the battle at middle line--so i will stay--
now we are free to visit the top of the cycle channel---this was the target on entry---i believe the price will reach this level before friday--todays chart tells me this--
5min chart positives---for today
11:55---price/MA156 positive cross--strong intraday significance--
12:10---price/middle line positive cross--multiday significance
12:40---ema20/ma 200 positive cross---possible multiday significance
ok--yes i know the top of the cycle channel is a range not a line---i rather to deal with lines--this suits what i do--i will please everybody by giving the cycle channel parameters like this--this will be my new notation---
11/15/11 2:20
---channel status---
top high limit = 59.48
top low limit =58.90
middle line = 57.64
bottom high limit = 56.60
bottom low limit = 56.02
i hold this trade expecting to see the top limits in next 3 days--
i stay on alert for possible failure at the middle line--this failure grows less likely because of chart positives that occured in intraday chart--and middle line is receding beneath us---still we must remain on watch---but today we take a little breath of relief--
kevin--
der navigator
wow, no kidding
ReplyDelete