johnpaulca 12,036 posts msg #71533 - Ignore johnpaulca modified |
2/19/2009 12:27:24 PM
FAZ...time to short ??? (now at 66.71)
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Radiomuse 288 posts msg #71535 - Ignore Radiomuse modified |
2/19/2009 12:35:41 PM
Shorting FAZ with the strong uptrend in the daily charts seems pretty risky, but with a tight stop it might be worth a shot. I can't short FAZ with Schwab, would have to go long FAS instead...
I also can't reproduce your BB's with the small Std Dev bands, mine can only go down to .5. I'm looking at different calcs of RSI and mov avg crossovers. (10/60 on the minute bars)
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johnpaulca 12,036 posts msg #71538 - Ignore johnpaulca |
2/19/2009 12:48:21 PM
Not that risky in these markets because you would be up $1.4 since I posted. I use TOS and TD to set up my Bands, it sucks not being able to get below BB0.5. Try BB1.04, lots of action in there.
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Radiomuse 288 posts msg #71540 - Ignore Radiomuse |
2/19/2009 12:55:50 PM
Do you mean 1.04 Std Dev...just .04 greater than 1??? 5min bars and 40 periods?
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johnpaulca 12,036 posts msg #71541 - Ignore johnpaulca |
2/19/2009 12:57:07 PM
1.04 SD
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Radiomuse 288 posts msg #71542 - Ignore Radiomuse |
2/19/2009 1:07:38 PM
Looking at AUY now, well below the lower 1.04 BB, maybe a good long entry on a green bar - or would you wait until it goes above the BB?
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johnpaulca 12,036 posts msg #71543 - Ignore johnpaulca |
2/19/2009 1:26:32 PM
Hell no...I am short AUY. The red bands are the 1.04SD good support/resistance here

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Radiomuse 288 posts msg #71544 - Ignore Radiomuse |
2/19/2009 1:33:32 PM
Okay thanks, my 1.04 bands are matching up with yours. Just gotta read up on how to use/interpret BB's.
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johnpaulca 12,036 posts msg #71545 - Ignore johnpaulca |
2/19/2009 1:38:00 PM
Check out IVN...look how nice the 1.04 acts as support while BB1.68 -resistance
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Radiomuse 288 posts msg #71547 - Ignore Radiomuse |
2/19/2009 2:07:15 PM
Really nice with IVN! But would you be able to use that to pick an entry point today? It opened so strong and seems like all the indicators have been showing overbought all day.
AUY just moved above the 1.04, along with a 10/60 cross, RSI below 30, etc...so long now? (or at least covering the short?)
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