Bquat's Account Talk

[Bquat]

Trying Midterm here also. At least Fear my be dropping but has a way to go. Testing 200 and 50 EMA's from above::worried:

 

[Bquat]

What would need to happen to cause the midterm to change slope to a downward direction?

A lower low below the blue line. I can draw it with the top or the red candles being the top of the channel (for show) but trying to look a little bullish because I want to push myself for an entry point.:notrust:

 

[Bquat]

I know this looks good but:
DCB line, 20 EMA and 13 Ema just above are 60/40 they can be a double top
Still the Midterm can continue to be a Short term bear flag. Just need a higher low to see if the Midterm is confirmed as a channel.
The 50 EMA has been porous in both direction and may be the center of a price range the market likes.:suspicious:
Staying 100 G Fund until Dead Cat Bounce line is broken and maybe until it holds as support from above:

 

[Bquat]

Not what I said. Market makes me wrong.

 

[Bquat]

I know this looks good but:
DCB line, 20 EMA and 13 Ema just above are 60/40 they can be a double top
Still the Midterm can continue to be a Short term bear flag. Just need a higher low to see if the Midterm is confirmed as a channel.
The 50 EMA has been porous in both direction and may be the center of a price range the market likes.:suspicious:
Staying 100 G Fund until Dead Cat Bounce line is broken and maybe until it holds as support from above:

Well I thought I had this right.:embarrest: The news that the antivirus trail is on again and that several are on schedule to complete by the end of October threw my thoughts right out the window. Also, today the Fed announces that they will keep the rates the same until 2023 gapped us up. I can't fight the news. I have a little red line as maybe the top of an over reaction and maybe will fall back into the channel. I may enter today because the proposed bottom of the channel is still above the 50 EMA and what bad news can come out.:cheesy:

 

[Bquat]

This is close enough to my channel. Going 100 S Fund:

 

[Bquat]

Took me a while to post. My internet is slow. My neighborhood is busy learning many things. I hope.:smile:

 

[Bquat]

Well I thought I had this right.:embarrest: The news that the antivirus trail is on again and that several are on schedule to complete by the end of October threw my thoughts right out the window. Also, today the Fed announces that they will keep the rates the same until 2023 gapped us up. I can't fight the news. I have a little red line as maybe the top of an over reaction and maybe will fall back into the channel. I may enter today because the proposed bottom of the channel is still above the 50 EMA and what bad news can come out.:cheesy:

Back in the channel and here's my entry:

 

[rangerray]

Don't know if you are aware, but there's a setting in TradeView that lets you extend the lines you draw to the right automatically. A lot of times this is helpful and saves from having to redraw or edit the line.

 

[Bquat]

I know things look a little bad this morning but the good thing for my outlook is that it confirmed the bottom of my previously drawn channel. Plus we now have another gap above to fill:

 

[Bquat]

Zoomed in view for you. Staying 100 S Fund:

 

[Bquat]

Gap is filled and now testing 13 EMA from above as support::smile:

 

[Bquat]

My entry is kind of looking bad right now. Looking to get back above the Higher Low line soon::worried:
Holding 100 S Fund.

 

[rangerray]

I went in the same day as you and I’m holding. Tomorrow is turn-around-Tuesday!!!


Sent from my iPhone using TSP Talk Forums

 

[Bquat]

My entry is kind of looking bad right now. Looking to get back above the Higher Low line soon::worried:
Holding 100 S Fund.

I'm ok. Back above the higher Low line after going below it twice, Nice bottom tail, back above the 50 EMA and a nice big news gap to refill:

 

[Bquat]

I'm ok. Back above the higher Low line after going below it twice, Nice bottom tail, back above the 50 EMA and a nice big news gap to refill:

Using Higher Low line as bottom of a new Midterm Channel I am trying out. So if the bad news is factored in will good news pop big:

 

[Bquat]

Using Higher Low line as bottom of a new Midterm Channel I am trying out. So if the bad news is factored in will good news pop big:

Staying 100 S Fund. Chart:

 

[Bquat]

Just guessing here. Possible Bull Pennant:

 

[Bquat]

There we go again. Recovery worries because stimulus package is in the background now. More political battles just may put all financial problems on back burner. So I be wrong again chart wise. Until the dust settles.

 

[Beester15]

If you take that bull flag and flip it upside down, you get a bear flag right? That is what I am seeing. That - or I have not had enough morning coffee. LOL