Bquat's Account Talk

[Bquat]

Zoomed in for today:

 

[Dutchy]

Bquat;418159]Zoomed in for today:

Thank you for your charts..... Please explain the purpose of the "switch" line... I'm thinking buy or sell line ?? Thanks..

 

[Mcqlives]

I'm back from vacation in the NSA's no communications zone in the smokies. A whole week without cell, computer, or any tv was awesome!!!!

Ref the longer charts, Nice...but please keep the short terms coming every once in a while too! What I have been doing for years now is looking at your chart and then overlaying lines from yahoos 5 day and 30 day with your short term. As long as I keep my in/out lines firmly in mind it has been working for me!

 

[Bquat]

Thank you for your charts..... Please explain the purpose of the "switch" line... I'm thinking buy or sell line ?? Thanks..

It's a line where I think the direction of the trend may change and a heads up to cutting some risk. It something I'm keeping a eye on as a mid-term buy or sell but it hasn't proven itself out yet. The boxes I'm trying are to show green to be in, yellow it can go either way. Red to be out. I have just started to try these and the longer term chart. I don't know if there trust worthy yet. The higher low line seems to be a better indicator short term but I have to admit my trading skills aren't too good this year. I'm still doing charts because some use them as another guessing guide to their decisions.

 

[Bquat]

I'm back from vacation in the NSA's no communications zone in the smokies. A whole week without cell, computer, or any tv was awesome!!!!

Ref the longer charts, Nice...but please keep the short terms coming every once in a while too! What I have been doing for years now is looking at your chart and then overlaying lines from yahoos 5 day and 30 day with your short term. As long as I keep my in/out lines firmly in mind it has been working for me!

It's just one time frame up. I like at least the 50 day shows in this timeframe. I am thinking of going to just a weekly chart.

 

[Mcqlives]

It's just one time frame up. I like at least the 50 day shows in this timeframe. I am thinking of going to just a weekly chart.

Going longer could really limit your in/out lines as volatility increases.
I expect to see more 100+ dow days this fall.

 

[Bquat]

Going longer could really limit your in/out lines as volatility increases.
I expect to see more 100+ dow days this fall.

Hmm, my in and out lines haven't worked for me either. I may even go more simple in the charts.

 

[Mcqlives]

Hmm, my in and out lines haven't worked for me either. I may even go more simple in the charts.

My line was broke for the 2nd time...lets see if we get a buy in opportunity off of this move.

 

[OBXTrader]

The buy in may have been at 10:30AM. What if the market dully moves up and down all summer, but the trend is up? I bought in at last week's low and still ahead in TSP as of yesterday.

My line was broke for the 2nd time...lets see if we get a buy in opportunity off of this move.

 

[Bquat]

Sticking with the new switch line. I hope we re-enter the channel.

 

[Bquat]

Sticking with this chart. Still think the longer time frame may be better. Added some support / resistance lines to maybe show short term outlook. I think if I view the entire 50 day it may keep a better eye on the Forrest.

 

[Mcqlives]

Sticking with this chart. Still think the longer time frame may be better. Added some support / resistance lines to maybe show short term outlook. I think if I view the entire 50 day it may keep a better eye on the Forrest.

My latest line dropped a little today. For the past few weeks and up till yesterday I had 1687 as the point drawn numerous times. Today I am drawing it around 1684. May be nothing but my charting is kind of similar to what we saw the last week of July where we ended up with a small break to the upside. Let's see if we get a break off of this one in a similar time frame (probably happen Friday or Monday if we do) and which direction we get.

 

[Bquat]

My latest line dropped a little today. For the past few weeks and up till yesterday I had 1687 as the point drawn numerous times. Today I am drawing it around 1684. May be nothing but my charting is kind of similar to what we saw the last week of July where we ended up with a small break to the upside. Let's see if we get a break off of this one in a similar time frame (probably happen Friday or Monday if we do) and which direction we get.

I think 1684 is a good number. Even though we're below the switch line, I still have faith in it. There is no indication that the market wants to drop so waiting for pop.

 

[Mcqlives]

I think 1684 is a good number. Even though we're below the switch line, I still have faith in it. There is no indication that the market wants to drop so waiting for pop.

Markets may pop...but after markets closed I did a redraw and am sticking with 1684 for my line, but have my triangle point at 1682. Same charts as you are now making...I'm just a couple of points lower because of me overlapping 5 and 20 day trends.

Good luck with trying to work your 50day. I use it as a secular indicator but couldn't ever get it to overlay with my 5 and 20 day trend lines in a way that made any sense.

 

[Bquat]

Markets may pop...but after markets closed I did a redraw and am sticking with 1684 for my line, but have my triangle point at 1682. Same charts as you are now making...I'm just a couple of points lower because of me overlapping 5 and 20 day trends.

Good luck with trying to work your 50day. I use it as a secular indicator but couldn't ever get it to overlay with my 5 and 20 day trend lines in a way that made any sense.

My triangle mid-term. I'm not working the 50 day, just using it for width of chart to keep me from zooming. Went with green light on the triangle.:blink:

 

[Mapper]

Morning. What concerns me is what Tom mentioned this morning...the transports. Transports are hitting the 50 and have been front running pretty solidly in the last couple of months. I feel the market "wants" to go up so I'm keeping my eye open for signs that things are turning but I'm staying bearish at the moment. If transports start turning around I'll look to get a toe in the water.

Edit: I ignored the bullish turnaround they made in July and have paid dearly for it..not planning to do that again.

 

[Bquat]

Morning. What concerns me is what Tom mentioned this morning...the transports. Transports are hitting the 50 and have been front running pretty solidly in the last couple of months. I feel the market "wants" to go up so I'm keeping my eye open for signs that things are turning but I'm staying bearish at the moment. If transports start turning around I'll look to get a toe in the water.

Edit: I ignored the bullish turnaround they made in July and have paid dearly for it..not planning to do that again.

Well I'm looking at a loss today. Maybe some big dip buying on this soon to come bad open.:embarrest: I was looking for a good move off the triangle.

 

[Bquat]

I hope my line is good. At least we have a gap above to fill at some time. Crossing my fingers.

 

[Mapper]

Oh, I missed that you made an entry?:embarrest:

 

[Mcqlives]

I hope my line is good. At least we have a gap above to fill at some time. Crossing my fingers.

I did a quick redraw...I got 1662ish followed by right at 1650. After that my line drops to around 1618 with a couple of pauses along the way. 1662 is the best bet for now but I am not playing this one. I don't know where things will be at closing bell and the foreign news has been too good (EU out of recession!?!?!?!) for me to believe in it with all the doom and gloom elsewhere in the world. I think I'll wait for the weekend to clear before making any decisions.

Good luck to you, I had not realized you went in.