Bquat's Account Talk

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OBXTrader said:
I went from G Fund to L2050 today with my last IFT. I was sitting in 100% cash in all my accounts including IRA/TSP accounts most of September as part of consolidation. So, with one day left in month, can still move to G Fund or let it ride on Monday. What did you wind up doing?
Click to expand...
I waited
 
Since you is, still here I'll do some explaining. I did not get the confirmed move up. We went down to the gap and the bottom of the gap held but we're below the trading range between the two red lines, below the triangle slant line and formed a low base waiting for news. It showed me there was more doubt because the sideways consolidation didn't increase strength. So I stayed out and I'm a little concerned about Monday. Yet you know me. I have over a 50% rate of being wrong because good news and bad news catches me on the wrong side of the fence at all times. Here's Friday close chart:
 
Looks like the downside potential of the descending triangle will be met. Going to fill the last gap. Both the JTH Pivot, the bottom of the channel and my switch line will be violated in the morning. Looking even at the 68.2 Fib. retracement to be met. Looks like sell the rumor prospective. Maybe I'll finally be on the right side of the fence for this one. Too bad it will force me not to use my last IFT. Even a bounce may look like a DCB and I may not trust it. I think action in the Futures warrant this chart.
 
Bquat said:
Looks like the downside potential of the descending triangle will be met. Going to fill the last gap. Both the JTH Pivot, the bottom of the channel and my switch line will be violated in the morning. Looking even at the 68.2 Fib. retracement to be met. Looks like sell the rumor prospective. Maybe I'll finally be on the right side of the fence for this one. Too bad it will force me not to use my last IFT. Even a bounce may look like a DCB and I may not trust it. I think action in the Futures warrant this chart.
Click to expand...
DCB until JTH Pivot line is broken.
 
I don't know, I just feel so completely out of the game not charting. A break of 1693 and a test from above would be nice. Otherwise we can fall back to the down side. I am so surprised that today's action shows there's really no effect from the lack of a financial deal. Maybe it supports a continuation of QE?
 
Stupid is what stupid does, I went 1/2 in. My line was crossed and confirmed but because of budget stuff, I only entered half way to be only 50% contrary. Now to see if I get trapped. I think no deal is in and any deal will pop us.:suspicious:
 
Bquat said:
I don't know, I just feel so completely out of the game not charting. A break of 1693 and a test from above would be nice. Otherwise we can fall back to the down side. I am so surprised that today's action shows there's really no effect from the lack of a financial deal. Maybe it supports a continuation of QE?
Click to expand...

Even if it is just for yourself you have to keep charting so you see where your lines are being tested/broken. I am 50% in as well so hopefully we make money!
 
Mcqlives said:
Even if it is just for yourself you have to keep charting so you see where your lines are being tested/broken. I am 50% in as well so hopefully we make money!
Click to expand...
Thanks. This is technically a high base forming.
 
I went back to G Fund COB today. Only spent one day in market, which is not what I like to do. if I can break even from yesterday's drop and have a few dollars leftover, I will consider myself fortunate because it's a slow bleed here to the close.

I will let the S&P rocket to the moon without me for now.
 
Don't know about you guys but I like my starting point. Now wait for good news and see if the 20 day supported channel gets us anywhere. I am trying to exit my confused state of mind.:)
 
Bquat said:
Don't know about you guys but I like my starting point. Now wait for good news and see if the 20 day supported channel gets us anywhere. I am trying to exit my confused state of mind.:)
Click to expand...
Wow, made it back.:worried: Market is trying to scare me.If I ad the 1% line drawn right, I wouldn't have the scare. So I got it right now.:suspicious:
 
Bquat said:
Wow, made it back.:worried: Market is trying to scare me.If I ad the 1% line drawn right, I wouldn't have the scare. So I got it right now.:suspicious:
Click to expand...
But now I see potential for a breakdown under the 50 day happening tomorrow. I am more worried now than I was at the low today!
 
Mcqlives said:
But now I see potential for a breakdown under the 50 day happening tomorrow. I am more worried now than I was at the low today!
Click to expand...
Ok, buddy you can stop that. I see strength being above 1693 again. Here, a positive draw for you: Even if we use the last peak after the correction, we're above the lower high line. As if the market would believe this. key on Blue just for you.
 
Please respond if you disagree because you know me.:sick: Morning responses will help too.
 
Taking my 50% in the markets and moving them to F. Too much risk and not enough reward right now. Good luck all!
 
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