DreamboatAnnie
Well-known member
Finally...entry...albeit in complete fear. Everyone should now exit....
S10-C20-I30-G40
Merry Christmas Everyone*!!!!!
S10-C20-I30-G40
Merry Christmas Everyone*!!!!!
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DreamboatAnnie's Account Talk
- Thread starter DreamboatAnnie
- Start date
Do you think next week will plummetFinally...entry...albeit in complete fear. Everyone should now exit....
S10-C20-I30-G40
Merry Christmas Everyone*!!!!!
DreamboatAnnie
Well-known member
Merry Christmas to you too Tom! :smile:
Joblin, Tom is right...Lol...I only said everyone should exit since I have been holding off on entry during a rip-roaring climb....so with my luck, I enter and it will drop...Nervously Lol... hoping it doesn't do that next week.
S Fund is insanely high but still in an upward channel.
C Fund dropped a bit but now heading up and still within a short term trendline..
I fund is always a crap shoot, but Looks like it has room to move up if Corona Two doesn't cause lots of trouble there...will see how next week goes.
Hoping it continues to float up!
DreamboatAnnie
Well-known member
Charts as of a few minutes ago!
Don't like tge dojo, but will see.... its considered neutral, but I dunno..maybe will show slight weakness next week, but stay in upward channel? please defy gravity a few more days!
MACD still positive (above its signal line), and Stochastic still embedded above 80!
Still in a tightening channel... so will see if it stays there and rises a little more...
Some pull back on the new strain of Corona virus hitting UK earlier this week, but doing great today! I think it could keep bouncing back! But don't like MACD crossed below its signal line.
Don't like tge dojo, but will see.... its considered neutral, but I dunno..maybe will show slight weakness next week, but stay in upward channel? please defy gravity a few more days!
MACD still positive (above its signal line), and Stochastic still embedded above 80!
Still in a tightening channel... so will see if it stays there and rises a little more...
Some pull back on the new strain of Corona virus hitting UK earlier this week, but doing great today! I think it could keep bouncing back! But don't like MACD crossed below its signal line.
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DreamboatAnnie
Well-known member
Christmas is my favorite time of year. I am reminded of God's blessings, family and friends, even if we can't be with them all, and those who are in heaven. I hope you had a very Merry Christmas filled with Peace and Hope.
DreamboatAnnie
Well-known member
Reallocating... Moving out of S fund 10% to G fund. Keeping invested in C fund 20% and I Fund 30%.
Best wishes to you all!
Best wishes to you all!
DreamboatAnnie
Well-known member
S fund is moving down but still in upward channel. C and I look better to me only because Stochastic is headed upward and not yet hit 80.
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DreamboatAnnie
Well-known member
Hi Shitepoke! 
The Stochastics is an indicator that captures the momentum of the market by looking at the market's current price in relation to recent highs and lows taken over a period of time (set as 14 as a default setting, but you can change that). The formula is fairly simple, but why calculate it when you can just add it in to a chart as it is widely available in most charting softwares including StockCharts. I love it and include it in all of my charts along with MACD momentum oscillator and RSI. The Stochastic indicator is made up of two lines, just like MACD.
When Stochastic’s %K line (i.e. normally black or green) is at 70 or above, it indicates that the stock/market is overbought (price level is high, and a possible sell point). If the %K line is at or below 30 this indicates the stock/market is oversold (price level is low, and a possible buy point). I use 80 and 20 in my trading strategy based on my own review of many charts going back many years, and the views of other trader's strategies that I have read over the years.
I have observed that it seems that when %K line (black/green) drops below 20 and then crosses back up (prices going up), these tend to be good entry points at least until Stochastic reaches 80, and provided that the up thrust looks strong (steep quick slope up). Sometimes if not sure, I wait to see if (2nd indicator) MACD crosses up over its signal line as confirmation to the Stochastics indicator. Sometimes I look for other indications of a bottom, like large green candles, etc.
But using Stochastics alone is not 100% accurate at all times to indicate direction. Sometimes there are double dips/drops or whipsaws, or sometimes when it reaches below 20, price can continue downward. So, one must use other indicators like candles and moving averages and divergences to decide on entry. For my own strategy, I like to see the MACD indicator cross up and over its own signal line (red line) as well. But typically, by the time this happens, price could have already gone up quite a bit (may be even reaching the 80 line on the Stochastic), but based on the slope of the increase (strong up thrust), I will enter. Sometimes I take larger risk and go ahead and enter even if MACD has not yet crossed upward above its signal line, if MACD is sloping upward.
Traders use a wide variety of indicators with various settings based on what they have learned and observed, and they typically share those strategies on the internet. I have studied and read a lot of articles and I most like those strategies that include using Stochastic and MACD cross overs in conjunction.
Here are a few articles that you might like to read to learn more.
https://www.investopedia.com/articles/technical/073001.asp
https://www.sentimentrader.com/blog/stochastic-indicator-everything-you-need-to-know/
https://www.dailyfx.com/education/moving-average-convergence-divergence/macd-vs-stochastic.html
The information out there is vast. If you want to learn more about using indicators for investing, I suggest taking your time to dig into one indicator and then move on, but limit to using just a few that make the most sense to you. It can easily become overwhelming. Also, Indicators cannot predict the future (and no one can)!!! The market is largely driven by sentiment and Government intervention, more than fundamentals or so it seems to me. So apart from momentum indicators, I do believe in observing moving averages, drawing trendlines, and studying daily candles and market volume and looking for divergences between price and indicators. Heck, I did great for many years by just buy and holding for more than 20 years. The advantage of doing that is that you are not stressed and don't need to spend time looking at it. If you can invest and forget it, and I really mean forget it, that can work well and it did for me. but in 2013, I went in the opposite direction and really started doing a daily review... I am now trying to find a middle ground... not buy and hold but not daily management. Still trying to figure out how I can fagetaboutit for a week or two at a time... still have not had success in developing a strategy I am comfortable with. Hope I get it down for 2021!!!! :smile:
Best Wishes to You!! :smile:
The Stochastics is an indicator that captures the momentum of the market by looking at the market's current price in relation to recent highs and lows taken over a period of time (set as 14 as a default setting, but you can change that). The formula is fairly simple, but why calculate it when you can just add it in to a chart as it is widely available in most charting softwares including StockCharts. I love it and include it in all of my charts along with MACD momentum oscillator and RSI. The Stochastic indicator is made up of two lines, just like MACD.When Stochastic’s %K line (i.e. normally black or green) is at 70 or above, it indicates that the stock/market is overbought (price level is high, and a possible sell point). If the %K line is at or below 30 this indicates the stock/market is oversold (price level is low, and a possible buy point). I use 80 and 20 in my trading strategy based on my own review of many charts going back many years, and the views of other trader's strategies that I have read over the years.
I have observed that it seems that when %K line (black/green) drops below 20 and then crosses back up (prices going up), these tend to be good entry points at least until Stochastic reaches 80, and provided that the up thrust looks strong (steep quick slope up). Sometimes if not sure, I wait to see if (2nd indicator) MACD crosses up over its signal line as confirmation to the Stochastics indicator. Sometimes I look for other indications of a bottom, like large green candles, etc.
But using Stochastics alone is not 100% accurate at all times to indicate direction. Sometimes there are double dips/drops or whipsaws, or sometimes when it reaches below 20, price can continue downward. So, one must use other indicators like candles and moving averages and divergences to decide on entry. For my own strategy, I like to see the MACD indicator cross up and over its own signal line (red line) as well. But typically, by the time this happens, price could have already gone up quite a bit (may be even reaching the 80 line on the Stochastic), but based on the slope of the increase (strong up thrust), I will enter. Sometimes I take larger risk and go ahead and enter even if MACD has not yet crossed upward above its signal line, if MACD is sloping upward.
Traders use a wide variety of indicators with various settings based on what they have learned and observed, and they typically share those strategies on the internet. I have studied and read a lot of articles and I most like those strategies that include using Stochastic and MACD cross overs in conjunction.
Here are a few articles that you might like to read to learn more.
https://www.investopedia.com/articles/technical/073001.asp
https://www.sentimentrader.com/blog/stochastic-indicator-everything-you-need-to-know/
https://www.dailyfx.com/education/moving-average-convergence-divergence/macd-vs-stochastic.html
The information out there is vast. If you want to learn more about using indicators for investing, I suggest taking your time to dig into one indicator and then move on, but limit to using just a few that make the most sense to you. It can easily become overwhelming. Also, Indicators cannot predict the future (and no one can)!!! The market is largely driven by sentiment and Government intervention, more than fundamentals or so it seems to me. So apart from momentum indicators, I do believe in observing moving averages, drawing trendlines, and studying daily candles and market volume and looking for divergences between price and indicators. Heck, I did great for many years by just buy and holding for more than 20 years. The advantage of doing that is that you are not stressed and don't need to spend time looking at it. If you can invest and forget it, and I really mean forget it, that can work well and it did for me. but in 2013, I went in the opposite direction and really started doing a daily review... I am now trying to find a middle ground... not buy and hold but not daily management. Still trying to figure out how I can fagetaboutit for a week or two at a time... still have not had success in developing a strategy I am comfortable with. Hope I get it down for 2021!!!! :smile:
Best Wishes to You!! :smile:
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DreamboatAnnie
Well-known member
Just to elaborate a bit more on the 80 on Stochastics. I have noticed that when price is causing Stochastics to move upward it can stay above 80 for a very long time (case in point, check out what has happened to S fund during past two months! ). That typically happens (i.e. stays above 80 for more than a few days) when price has driven the Stochastics up to 80 from some point below 20.
However, when price is up at, lets say 80, and drops but does not reach 20... say it drops to a mid point like around 40 or 50 and then turns and goes back up, it seems that this often results in immediate drop once 80 is reached. I attribute that to a WEAK upswing. In another words, price action caused Stochastics to drop but drop was not strong and it somehow caught wind and went back up, but that upswing is usually a bit weak and often peters out when it hits 80, at least for indexes....have not studied that on individual stocks. So, best to use some other type indicator in conjunction, like a moving average crossover (going downward) for confirmation before exit. This weak upswing seems to happen most when 20 EMA is below 50 EMA (and during major downtrend, and when encountering dead cat bounces).
So overall, the entry I like best is to enter when price action has driven the Stochastic below 20 and enter right when it turns back up and crosses above 20 and before it reaches 70 or 80 (and hopefully in conjunction with a visible upturn in MACD). If its a steep strong increase, it could hit 80 and above and stay there for a time. FEAR is the biggest reason why I miss those... I hesitate. So, MY NEW YEAR'S RESOLUTION is to stop doing that and have faith in my chart readings. Enter when charts indicate its time! Dang it!
However, when price is up at, lets say 80, and drops but does not reach 20... say it drops to a mid point like around 40 or 50 and then turns and goes back up, it seems that this often results in immediate drop once 80 is reached. I attribute that to a WEAK upswing. In another words, price action caused Stochastics to drop but drop was not strong and it somehow caught wind and went back up, but that upswing is usually a bit weak and often peters out when it hits 80, at least for indexes....have not studied that on individual stocks. So, best to use some other type indicator in conjunction, like a moving average crossover (going downward) for confirmation before exit. This weak upswing seems to happen most when 20 EMA is below 50 EMA (and during major downtrend, and when encountering dead cat bounces).
So overall, the entry I like best is to enter when price action has driven the Stochastic below 20 and enter right when it turns back up and crosses above 20 and before it reaches 70 or 80 (and hopefully in conjunction with a visible upturn in MACD). If its a steep strong increase, it could hit 80 and above and stay there for a time. FEAR is the biggest reason why I miss those... I hesitate. So, MY NEW YEAR'S RESOLUTION is to stop doing that and have faith in my chart readings. Enter when charts indicate its time! Dang it!
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Whooo Wheee...that was like reading a PHD but in laymens terms. Appreciate the time you took to explain in such detail. You are correct in starting out with ONE indicator to learn and go from there. I think I'll check out RSI...S-Fund not looking so good this a.m. Must be related to the stimulus bill and other unknown influences. Good luck with your trading and enjoy the rest of the holiday season. EJJ
DreamboatAnnie
Well-known member
Thanks Shitepoke! That's a great compliment. Like my old boss used to say, a technician writing about something technical or complicated, whatever the field, is easy; but writing simply with aim at instant communication is hard! Not sure I quite got there, but I tried my best. 
But in any case, please remember I am not an expert... I just provided what I hope helps. Best wishes to you and Everyone* !!!
But in any case, please remember I am not an expert... I just provided what I hope helps. Best wishes to you and Everyone* !!!
DreamboatAnnie
Well-known member
Good morning Whipsaw! Now that is funny... I love it! It's definitely true...it does take more time! I will need to remember that line!
DreamboatAnnie
Well-known member
This morning I am considering exit out of C fund and just sticking with my 30% in I fund. x
S fund looks like its going to continue down with both MACD and Stochastics pointing down, but recovering some of losses from last two days.
C fund is knocking on resistance of upper trend line..would need to break through to explode...just not sure it will do that next week???
I fund looks good...Both MACD and Stochastic sloped upward...hummmm....
Both VIX and Dollar (UUP) look like they could go down further, which is good for stocks. I guess we will see..
S fund looks like its going to continue down with both MACD and Stochastics pointing down, but recovering some of losses from last two days.
C fund is knocking on resistance of upper trend line..would need to break through to explode...just not sure it will do that next week???
I fund looks good...Both MACD and Stochastic sloped upward...hummmm....
Both VIX and Dollar (UUP) look like they could go down further, which is good for stocks. I guess we will see..
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grimmjsg123
Member
DBA the C fund, even though it's embedded, is caught in a pipe between the 3 day and upper Bollinger band no money to be made it will whipsaw between the two leading one to need to call a psychiatrist. The ADX +DI is directionally pointed down even showing a small gain today in the ETF. A good time to, liquidate, close up shop, and revisit it the second week in January.
DreamboatAnnie
Well-known member
Oh gosh...ran out of time (Dr appt) and decided to let it be... will see how it goes. Not sure about tomorrow. Not sure if An IFT tomorrow will transact in December. Anyone know??
An IFT tomorrow should be a normal day.
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