Bquat's Account Talk

[Bquat]

2 hour chart:

 

[userque]

About a year ago I went from 30 min charts to 1 hr charts to decrease my swings in thinking what the market will do. I am now considering going to 2 hr charts as to slow down my swings a little more. This may help with the two trades a month decision. Comments or concerns: I would also adjust my moving average scales.

If I were using traditional T/A for TSP trades, I would likely use daily, or even weekly charts.

 

[Bquat]

If I were using traditional T/A for TSP trades, I would likely use daily, or even weekly charts.

Thanks. Eventually I may get there but for now I will adjust to the new time frame.

 

[Bquat]

So if the pivot line (yes I named another line) holds after the Fed announcement tomorrow it may confirmed bullish action. In reality today the 5 day was holding well until the afternoon low volume drift up. I may be a little zoomed out but I'm not used to this time frame. May take out white channel because it's just 3 days. Might take a couple of days for me to work with larger time frame.

 

[Birchtree]

If I recall, 1964 was an excellent year for small town girls with independent means.

 

[Bquat]

OK, going with the longer term chart and riding myself of the shorter term channels I get this: Is it a breakout? Confirm if we stay above pivot line: This is a tryout of this time frame.:notrust:

 

[JTH]

About a year ago I went from 30 min charts to 1 hr charts to decrease my swings in thinking what the market will do. I am now considering going to 2 hr charts as to slow down my swings a little more. This may help with the two trades a month decision. Comments or concerns: I would also adjust my moving average scales.

Hi Bquat

I enjoy all time frames, one you may find interesting would be the 4-hour chart, it fits well with the TSP timeframe, you get a 12:00 & 4:00 candlestick. With this time frame you'll be able to go back a year to look at the big picture, while also getting in close to make judgements on the IFT deadline.

View attachment 29153

OK, going with the longer term chart and riding myself of the shorter term channels I get this: Is it a breakout? Confirm if we stay above pivot line: This is a tryout of this time frame.:notrust:

Yep, definitly seeing some pennant-style patterens out there, under these circumstances they are usually bullish

 

[Bquat]

The yellow line in your chart looks like my river line.

 

[Bquat]

Sticking close to the pivot line while waiting on Fed announcement today. I would be happier if we got a touch of the 20 day. I have too conflicting signals here and in this time frame I don't know if the H&S isn't just a continuation pattern. The problem with low volume TA can be negated by news. Don't know if I want to play with my marbles cause someone brought a steely to the game::suspicious:

 

[Bquat]

Sticking close to the pivot line while waiting on Fed announcement today. I would be happier if we got a touch of the 20 day. I have too conflicting signals here and in this time frame I don't know if the H&S isn't just a continuation pattern. The problem with low volume TA can be negated by news. Don't know if I want to play with my marbles cause someone brought a steely to the game::suspicious:

Ditto

 

[Bquat]

The way we came out of my isometric triangle kind of made it not be one (my bad): We do have a H&S but is it small enough to be a continuation pattern? No move for me today.:suspicious:

 

[Bquat]

Many are preempting the Fed announcement but not me:
TSP Talk AutoTracker

 

[WorkFE]

Come on in Bquat, the water is fine.

 

[Bquat]

Come on in Bquat, the water is fine.

So are you reentering?

 

[WorkFE]

You caught me looking over the fence. Sure looks greener over there. 21 minutes.

 

[Bquat]

You caught me looking over the fence. Sure looks greener over there. 21 minutes.

I do believe we'll get a Fed pop but will it last? News has an advantage on low volume. So watching:

 

[Bquat]

Very low trading volume this year. My theory is that traders made a lot in the last two years as the market was continuing up. This year we have more of a sideways slow up movement. So traders not being worried about missing big gains are taking it easy this summer and enjoying afternoons and 2 1/2 day weekends. Just a thought.

 

[BichonFreeze]

I'd put it at a 70.30 Market popping up today on FED announcement. No move for me.

 

[Bquat]

You caught me looking over the fence. Sure looks greener over there. 21 minutes.

I see all. You go boy.

 

[Bquat]

I'd put it at a 70.30 Market popping up today on FED announcement. No move for me.

I be right there with you.