johnpaulca 12,036 posts msg #72062 - Ignore johnpaulca |
3/5/2009 1:24:36 PM
I wouldn't touch it today...I think tomorrow would be a better day for it. Energy index sucks today...better fishes in the ocean.
|
johnpaulca 12,036 posts msg #72063 - Ignore johnpaulca |
3/5/2009 1:30:31 PM
TWM...possible double top ???

|
johnpaulca 12,036 posts msg #72064 - Ignore johnpaulca |
3/5/2009 1:36:58 PM
ERY...should be shorted ...56.57
|
moby 314 posts msg #72065 - Ignore moby modified |
3/5/2009 1:37:04 PM
To see if I'm getting it please....
TWM if it opens the next 5 min bar above 109.25, which is above BB 40 top, it's a jp booyah buy?
SKF was a jp booyah buy on Monday's open?
FAS is a jp booyah buy at $3.05 which is the first bar above the BB 40 upper open?
Please if you have a chance to tell me....if not I understand.
Ps. Thanks for posting the chart today. :) I'm learning alot.
|
moby 314 posts msg #72066 - Ignore moby |
3/5/2009 1:39:21 PM
TWM is now a jp booyah buy? actually at 109.27?
|
moby 314 posts msg #72067 - Ignore moby |
3/5/2009 1:43:51 PM
TWM is a jp booyah buy at 109.27 ? would you still take the trade and just be prepared to sell at above res at 109.75 or would you wait to buy when it clears res?
|
moby 314 posts msg #72069 - Ignore moby |
3/5/2009 1:49:20 PM
FAS didn't clear the jp booyah buyzone and as a result turned down? And that's the thing that helps us not get faked out?
|
moby 314 posts msg #72070 - Ignore moby |
3/5/2009 1:55:21 PM
I see FAZ and SKF opened on Monday as 60 min jp booyah buyzone buys....is this correct?
|
Radiomuse 288 posts msg #72071 - Ignore Radiomuse |
3/5/2009 1:56:06 PM
I'll try to answer for FAS and TWM...I don't think you're looking for crosses of the upper bands to trigger buys, I think you're looking for crosses of the lowers.. And you don't just want the next open to be above the BB, you want the open to be above the high of the trigger bar that first crossed the BB. And if the trigger bar is a wide range bar you should look for a retest of that lower BB first. Note...I could absolutely be wrong! Just trying to help jp out.
Got stopped out of FAS at 2.86. Still feel it was a solid trade, just didn't work out. Market just sucks today. Longs aren't working, and risk/reward isn't there for shorts right now.
|
moby 314 posts msg #72072 - Ignore moby |
3/5/2009 1:58:12 PM
Okay, now I'll stop, got a little excited there. Been staying up late everynight trying to learn this. Thanks johnpaulca. You are a genius.
|