Bquat's Account Talk

[Bquat]

Maybe a longer term Bull Flag. I hope we don't have to test the 200 EMA:

 

[Whipsaw]

That would be awesome.

 

[Bquat]

This is not what I expected. I don't have a new Midterm Channel:

 

[Bquat]

Staying in.

 

[ravensfan]

Me too!:nuts:

 

[rangerray]

Me too, although I could do you guys a solid by exiting to 100% G. That's about when the market would turn north and close with a 3% gain.

 

[ravensfan]

Me too, although I could do you guys a solid by exiting to 100% G. That's about when the market would turn north and close with a 3% gain.

Gracious of you to suggest that, but I'm staying in because we are almost through the worst part of the month as far as seasonality goes and I like the idea of being invested going into October and preserving my 2 October IFT's for an exit if the first part of October tanks and a re-entry later in the month. Playing the odds that the worst of this pullback is behind us.

 

[Bquat]

I had a Midterm Price range that had me thinking neutral and a tiny bit bullish even in the news environment. Today's action got us below that. It was trying to get back into the range but well see.:blink: Sorry that my justifications are becoming more opinion based than chart based.:cheesy:

 

[Bquat]

After today's action I am hoping to ignore the little extra dip.:cheesy: It was needed to complete the little correction. Sticking with the price range until I can figure out a Midterm Channel::blink:

 

[Bquat]

After today's action I am hoping to ignore the little extra dip.:cheesy: It was needed to complete the little correction. Sticking with the price range until I can figure out a Midterm Channel::blink:

Don't know if we will get back to my entry. Trying out a new Midterm Channel:​

 

[Bquat]

Here's some un-expert analysis::cheesy:
Bearish: We hit the top of the Midterm and may fill the gap below.
Neutral: We found support at end of day on green line and can move sideways topping near my entry line.
Bullish: We tested the green line as support and can work our way to complete the blue "W".
That's how I think but news continues to out rule my thinking.
I do want the bullish option because I am in.

 

[Bquat]

Trying to find a support line (Blue):

 

[Bquat]

Trying to find a support line (Blue):

I'm good:

 

[Bquat]

Here's some un-expert analysis::cheesy:
Bearish: We hit the top of the Midterm and may fill the gap below.
Neutral: We found support at end of day on green line and can move sideways topping near my entry line.
Bullish: We tested the green line as support and can work our way to complete the blue "W".
That's how I think but news continues to out rule my thinking.
I do want the bullish option because I am in.

With today's action I be going with Bullish "W":

 

[Bquat]

I'm in the green. I'm such a good trader.
I'm just lucky the news that there could be a stimulus deal came out at a good time.:cheesy:

 

[nasa1974]

I'm in the green. I'm such a good trader.
I'm just lucky the news that there could be a stimulus deal came out at a good time.:cheesy:

Let's pat ourselves on the back after the market closes. I'm into my second case of sticky pants and I just order another case of depends. September is going to end up on the negative side and October scares me. At least for the year I have gotten back into the green.

 

[Whipsaw]

Happy for you Nasa, I still have a ways to go, if I can even get back to zero at this point.

 

[DreamboatAnnie]

Keep hammering at it Whipsaw... but definitely understand ..this market keeps giving and then taking away...:blink:

 

[Bquat]

Looks more like it's following the plan:

 

[Bquat]

Closed higher than what I expected. Almost at the top of the "W" and channel. Maybe blue line may act as support. So now I have to decide to exit at the top of the channel or hope for a good news dump for Friday. Too bad I have to decide prior to any afternoon news. Leaning 60/40 to stay in because we're right at the start of the month: