DreamboatAnnie's Account Talk

Note - Explanation on candlesticks:

Candlestick Colors- BLACK versus RED -
BLACK means it closed higher than previous candlestick's close.
RED means it closed lower than previous close.

Candlestick Fill - EMPTY versus FILLED Candle -
EMPTY candle means it closed higher than it opened (i.e. price started at bottom of candle and ended at top of candle).
SOLID candle means it closed lower than it opened (i.e. price started at top of candle and ended at bottom of candle).
Typically you get SOLID RED and EMPTY BLACK candles.

Less Common:
SOLID Black forms when price gaps up (at start of period) and then falls, but was still above close from prior period (e.g. prior day on daily chart).

EMPTY Red forms when price gaps down (at start of period) and then goes up, but was still below prior period close (e.g. prior day on daily chart).
 
Note - Explanation on candlesticks:

Candlestick Colors- BLACK versus RED -
BLACK means it closed higher than previous candlestick's close.
RED means it closed lower than previous close.

Candlestick Fill - EMPTY versus FILLED Candle -
EMPTY candle means it closed higher than it opened (i.e. price started at bottom of candle and ended at top of candle).
SOLID candle means it closed lower than it opened (i.e. price started at top of candle and ended at bottom of candle).
Typically you get SOLID RED and EMPTY BLACK candles.

Less Common:
SOLID Black forms when price gaps up (at start of period) and then falls, but was still above close from prior period (e.g. prior day on daily chart). Note: So, Price closes at bottom of black solid candle body (not at top).

EMPTY Red forms when price gaps down (at start of period) and then goes up, but was still below prior period close (e.g. prior day on daily chart). Note: So, Price closes at top of red empty candle body (not at bottom).
I added note (to the above description) on closing prices for the less common candles and which part of body shows closing price (opposite end). Had to mention because when it turned to empty red intraday from a solid red, I did a double take as I thought there was a mistake and then remembered! ugghh... Lol... :D:D:D

Ex. Yesterday DWCPF closed at 2126.44 and today closed at 2125.9. Just a hair less, but candle looks awful as there is no long tail and has a huge empty red body! So volatility was not good...but price ended much better than it looks at first glance. Will see what it does tomorrow. It closed at .01 below the 100 MA.

Best wishes to Everyone! :smile:
 
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market down massively at the moment. glad i didn't make a move today. have to see where it closes and how we are looking tomorrow. I was thinking this was a buying opportunity and it may be much more... What do you think DB?
 
Hi MMK, Check out this chart. We have not yet hit the double bottoms of March(but we are very close), and we've been trading in about a 10% channel since the start of February. Tons of volatility... but we've not broken through Match bottoms. It could do anything! All depends on fear and how much folks believe that the overall trend will continue up. I will wait until I see a good glimmer of an uptrend or some kind of price divergence with VIX or RSI....if I can spot it. I should think we will get a little bounce tomorrow, but not sure if that ends this little (possibly short) down trend. Will see...:smile: Best wishes to you all.

PS. oh, if it breaks below March bottoms, next support would seem to be the later December month high around 2020 or so... me thinks! Remember I am not an expert....

Dwcpf.png
 
Hi MMK, Check out this chart. We have not yet hit the double bottoms of March(but we are very close), and we've been trading in about a 10% channel since the start of February. Tons of volatility... but we've not broken through Match bottoms. It could do anything! All depends on fear and how much folks believe that the overall trend will continue up. I will wait until I see a good glimmer of an uptrend or some kind of price divergence with VIX or RSI....if I can spot it. I should think we will get a little bounce tomorrow, but not sure if that ends this little (possibly short) down trend. Will see...:smile: Best wishes to you all.

PS. oh, if it breaks below March bottoms, next support would seem to be the later December month high around 2020 or so... me thinks! Remember I am not an expert....

View attachment 49208


A Queen tune comes to mind... :cheesy:
 
Will enter at a mix. :smile: Maybe enter more next week... for now... I fund-30%, C fund 30%, G fund 40% Best wishes to you all ! :smile:
 
My Indicators finally said to go for it, so I am in S again, looking for it to climb back to that 2250 area. It would be nice if it would then even break above that resistance level. Good luck to you too on the new entry! Thanks for all you postings. Have a great weekend!

Sent from my SM-A515U using Tapatalk
 
Whipsaw & DB. all a point of view. ha ha ha ha ha.

I'm in 40C 40S 20I - so am not trying to be pessimistic - just forward looking and learning. What is the general investment strategy using TSP in a bear market?
 
Bear markets are tough with our limited moves, essentially it's waiting on the sidelines looking for a swing trade set up. Buy into weakness, hope for a solid few days of rally and then bail for the month. I have consistently waited too long to sell and then fall into the next low getting stuck looking for more strength to get out again.
 
kind of what i was thinking; but, then i thought... that makes too much sense. lol

started to post more; but, don't want to hijack DB's thread or get us too far off track.
 
I use a preponderance of various indicators to decide on exit. My charts show 10-day EMA, but am studying the 7-day EMA as a possible better exit signal...to be weighed with other factors (not using a single indicator).

Here are daily charts. Tomorrow we will get the FOMC minutes for their last meeting. Sometimes they can cause some market movement when they are read and a few details are mulled over once more. Will see if there is any effect on markets tomorrow. I am still looking to put my remaining 40% to work...leaning towards S Fund but will see how tomorrow goes with more likely deployment Thursday. Best wishes to you all! :smile:

Dwcpf.png

need to update lines...Bollingers are constricting so not sure I am liking C fund so much. Will likely move that more to S or I fund.
SPX now.png

I FUND - EFA. now.png
 
Your welcome eastj! Many folks here have much more knowledge than I do. So you should have plenty folks to learn from! Best wishes to you. :smile:
 
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