Bquat's Account Talk

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Bquat said:
I'm going out of pocket today. Still waiting on a test of the green line as support and we are now back below MACD:
Click to expand...

Made up my mind and went 20% S and 80%G cs trade imo but couldn't convince myself to be too bullish and the S looks like the best place to have at least some risk.
 
Bquat said:
I'm going out of pocket today. Still waiting on a test of the green line as support and we are now back below MACD:
Click to expand...
I'm going out of pocket in the morning. MACD is increasing to the down side but we are still in a high base and yet to confirm the green line again. Even though we're slightly bullish, I'm concerned about a negative MACD. It means more stocks are being sold than bought in this drying up volume. We should be drifting up but we're not. I am doing the S fund because I'm looking for an entry but hesitant to do it.:blink:
 
Ok, support, resistance, support and now back to tested as resistance: Need to make the red line green soon. Watching the MACD negative bars for signs of getting shorter. Good news on GDP must be bad news for possible interest rate increase. Maybe the initial drop can be reversed as people get more interested in the economy than the interest rate. We'll see. I did draw in the next line that we may need to watch. Tomorrow is last chance to use IFT for this month.
 
Some time ago, you used to give odds of a potential up/down day on charts. With only one day left to use an IFT and get back in the market, what would you like to see before 12pm Friday that makes giving up 4 days of G Fund interest worth the risk?

Bquat said:
Ok, support, resistance, support and now back to tested as resistance: Need to make the red line green soon. Watching the MACD negative bars for signs of getting shorter. Good news on GDP must be bad news for possible interest rate increase. Maybe the initial drop can be reversed as people get more interested in the economy than the interest rate. We'll see. I did draw in the next line that we may need to watch. Tomorrow is last chance to use IFT for this month.
Click to expand...
 
OBXTrader said:
Some time ago, you used to give odds of a potential up/down day on charts. With only one day left to use an IFT and get back in the market, what would you like to see before 12pm Friday that makes giving up 4 days of G Fund interest worth the risk?
Click to expand...
Just for you. Would you except up to the 45 / 55 risk and IFT in to save the two IFT's for next month? Do you think Russia's action is already factored in? Do you think the Holiday trend reversal is moot because we are in reality consolidating sideways. I am thinking about risking it ( JTH +3 ) to save two for later but this has burned me before. UN and NATO meeting tomorrow. So help me with my decision here too. These Rewards / Risk levels are biased by me and have no real value than my guess.:notrust:
 
I don't have an IFT, so it's easy to postulate. If I had an IFT, I would consider going into the shallow end of the pool to have some skin in the game. However, it seems like groundhog day to last day of last month (if it's a down day tomorrow) Russia etc.

If you look at my posts and the IFT tracker, I did that exact thing on the last day of July with mixed short-term results but my monthly results were more than satisfactory given my low risk tolerance.

Bquat said:
Just for you. Would you except up to the 45 / 55 risk and IFT in to save the two IFT's for next month? Do you think Russia's action is already factored in? Do you think the Holiday trend reversal is moot because we are in reality consolidating sideways. I am thinking about risking it ( JTH +3 ) to save two for later but this has burned me before. UN and NATO meeting tomorrow. So help me with my decision here too. These Rewards / Risk levels are biased by me and have no real value than my guess.:notrust:
Click to expand...
 
OBXTrader said:
I don't have an IFT, so it's easy to postulate. If I had an IFT, I would consider going into the shallow end of the pool to have some skin in the game. However, it seems like groundhog day to last day of last month (if it's a down day tomorrow) Russia etc.

If you look at my posts and the IFT tracker, I did that exact thing on the last day of July with mixed short-term results but my monthly results were more than satisfactory given my low risk tolerance.
Click to expand...
So you were asking the question for others.:D So in your case you would be looking for a move above the 60 / 40 line or a bounce off the BTQ line and blue line intersection because you would be using one of two IFT's. Mine would be on weather to use or not a expiring one.:suspicious:
 
Bquat said:
So you were asking the question for others.:D So in your case you would be looking for a move above the 60 / 40 line or a bounce off the BTQ line and blue line intersection because you would be using one of two IFT's. Mine would be on weather to use or not a expiring one.:suspicious:
Click to expand...
Wow that sounded profound. Now I have to wonder. Now we need a bigger move in the morning to prevent me from having to coin toss. Brian Shannon say's the the market is innocent until proven guilty while you're above a rising 5 Day. We're right below it at the close::confused:
 
Yes, I was asking for others and you put a lot of work into this and it seemed a worthy discussion. I hadn't used an IFT for 1.5 months and thought I would catch a bounce on the first day of trading in August and also wanted to preserve an IFT.

I am more used to tracking the S&P, but somewhat concerned that S-Fund was leading the way down at the close and money is still pouring into bonds. The scenario you describe for tomorrow would be real nice, but isn't that is what all dip buyers want? One seems to rarely get what one wants after the IFT cutoff. Tough call my friend.

Bquat said:
So you were asking the question for others.:D So in your case you would be looking for a move above the 60 / 40 line or a bounce off the BTQ line and blue line intersection because you would be using one of two IFT's. Mine would be on weather to use or not a expiring one.:suspicious:
Click to expand...
 
OBXTrader said:
Yes, I was asking for others and you put a lot of work into this and it seemed a worthy discussion. I hadn't used an IFT for 1.5 months and thought I would catch a bounce on the first day of trading in August and also wanted to preserve an IFT.

I am more used to tracking the S&P, but somewhat concerned that S-Fund was leading the way down at the close and money is still pouring into bonds. The scenario you describe for tomorrow would be real nice, but isn't that is what all dip buyers want? One seems to rarely get what one wants after the IFT cutoff. Tough call my friend.
Click to expand...
For you again: JTH line was previous support to resistance needed to be tested from above for support. Should you wait for the 50 Day test because we have fallen out of the bullish channel but right at the 5 Day: 40 / 60 Reward / Risk already: You likey chart?
 
I love the charts. Within the TSP, I must wait, so the 50 day looks like a great test for reentry. As us old pilots used to say when you fly a single-engine plane and the motor gives out, you have no choice. But when you have a twin-engine plane and the motor gives out, you have to make decisions. You are in a twin-engine plane and I am in a single-engine.

I do have other investments outside TSP, so a test like this is a double edged sword.

Bquat said:
For you again: JTH line was previous support to resistance needed to be tested from above for support. Should you wait for the 50 Day test because we have fallen out of the bullish channel but right at the 5 Day: 40 / 60 Reward / Risk already: You likey chart?
Click to expand...
 
OBXTrader said:
Hey, I just realized you turned the tables on me yesterday. You didn't answer my question, what are you looking for to make an entry today?

You dazzled me with charts and questions and I just noticed.
Click to expand...
S&P 500 has made it and may take a chance with S fund. Not seeing any signs of breakdown. Russia must be moot point. Just need a little more gain on the S fund:
 
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