Bquat's Account Talk

[Bquat]

Midterm channel is looking good but I'm staying only half in. We just entered being overbought and coming to a short term double top::blink:

 

[Bquat]

I am so happy the rising 50 DMA is above my entry level and could prevent any loss:

 

[Bquat]

Midterm channel is looking good but I'm staying only half in. We just entered being overbought and coming to a short term double top::blink:

Are we there yet? I think 60/40 that we are::suspicious:

 

[Bquat]

Are we there yet? I think 60/40 that we are::suspicious:

Have a F flag which is bullish until it isn't::suspicious:

 

[Bquat]

Spidey sense::worried: Locking in gains this time. He thinks we are close enough to top. 100 G fund:

 

[Bquat]

Yes we can embed to the upside today. We are back in my F flag. Caught a little more gain yesterday. Here's my exit to try to catch my gains this time:

 

[Bquat]

Yes we can embed to the upside today. We are back in my F flag. Caught a little more gain yesterday. Here's my exit to try to catch my gains this time:

Spidey was right and I saved my recent gains. We just barely dropped out of being embedded but can re-embed with just a little gain. I could have redrawn the flag to include today's candle but afternoon action seemed to come back up to the bottom of the flag and drop back down, So if we go up tomorrow I may redraw it to include the red candle:

 

[Bquat]

Spidey was right but I had a senior moment.:embarrest: My clock in my computer room wasn't changed so thinking I got my inter-fund transfer early at 11:07 Eastern it was 12:07. Didn't even noticed it until I checked why it didn't go thru yesterday. So I redraw my exit at o.69 % lower:

 

[Bquat]

Changing the most important clock right now. Damn daylight savings time.

 

[tom4jean]

Changing the most important clock right now. Damn daylight savings time.

Don't kick yourself too hard, Even if you knew the clock was off you still would have been too late.... You'll live to fight another day!

Sent from my Pixel 4a using Tapatalk

 

[Bquat]

Well at least I am missing some loss.

 

[Bquat]

Confirming that we are un-embedded.:worried: Found some support on the 8 Day. I be watching the rising 50 day or blue line below it for a possible re-entry but 60/40 chance of Higher Low line could be reached if Fed says something the market doesn't like::blink:

 

[Bquat]

Well I guess the Fed news reversed anything I was thinking.

 

[Bquat]

Well the Fed news was enough to re-embed us but not enough to get us back into the flag. The bottom of the flag seemed to be resistance. I can't fight the Fed so I am news neutral and slightly bearish for tomorrow::cheesy:

 

[Bquat]

We are slightly un-embedded again. So since the flag was completed and the Fed news stalled my expected drop, I'm still thinking the market is news neutral. Me I'm slightly bearish because I'm out.:worried: I made a temporary Midterm sideways consolidation until direction is determined:

 

[Bquat]

Confirming that we are un-embedded.:worried: Found some support on the 8 Day. I be watching the rising 50 day or blue line below it for a possible re-entry but 60/40 chance of Higher Low line could be reached if Fed says something the market doesn't like::blink:

So much for my Midterm sideways consolidation box. Direction was determined. I was thinking re=entry just below this level but this big a drop a day after the good Fed news has me concerned that this could be a right shoulder.:worried: Just my opinion. By the way this was a good test of the 50 Day. Anyway being out there is no rush to enter:

 

[Whipsaw]

Head and shoulders would be a continuation pattern... isn't it? :thinking:

 

[Bquat]

Head and shoulders would be a continuation pattern... isn't it? :thinking:

Topping pattern moving from a bullish to bearish trend change.

 

[Bquat]

Testing a light support/resistance line::blink:

 

[Whipsaw]

Looks like the S-train blew through your resistance line and is already at, or past, your exit... =:-o