JTH's Account Talk

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Transports have finally been refuled with a little nitrous and appear to be on take off trajectory - new highs at 7569 just around the corner or next cloud.
 
Not much to report, there's been indecision across the major indexes and it's getting noticed by the Youtubers, it's been obvious the Transports haven't been playing along since the February bottom. I'll post my Short-term stats tomorrow evening, in the meantime... For those of you are intersted in sharpening your skill-sett, there is a 16 episode traders course posted on YouTube. each episode is 1-2 hours long, I'm up to #8, it's a good course for beginners to intermediate, with plenty of golden nuggets of wisdom. You don't find stuff like this on YouTube very often, so I'd recommend you watch it while it's still online (or download it, if that's your thing.)

 
JTH,

Do you have to be a member to gain the charts from "Freestockcharts"? I'm at work and we use a proxy, so the site is always trying to connect.

So, this chart is showing the estimated high for today, right? And the SP-500 tracks the "C" fund.

Would it also be safe to say that you use these tools from stockcharts to make your decisions prior to an IFT?

Thanks.
 
catak said:
JTH,

Do you have to be a member to gain the charts from "Freestockcharts"? I'm at work and we use a proxy, so the site is always trying to connect.

So, this chart is showing the estimated high for today, right? And the SP-500 tracks the "C" fund.

Would it also be safe to say that you use these tools from stockcharts to make your decisions prior to an IFT?

Thanks.
Click to expand...

While FSC may appear to be loading, it is most likely not working because either port 943 or ports 4502-4520 are closed on your work's firewall. You do not have to be a member, but if you want to save charts then you must give them an email & password.

The chart I posted was not estimated, it was the current data as of the posting.

There are 4 charts at the bottom of this page (and every page on TSP talk) they show the ticker symbols that out TSP funds seek to track.

Yes, you can use FSC charts to help you make a decision, but bear in mind that only the S&P 500 will have near-real-time data, the others may be delayed by as much as 20 minutes.
 
i'm no expert on calling the chart patterns, tea cup and saucer, head and shoulders shampoo, it's geek to me. but all 3 equity charts today clearly say buffalo hump. that is not good.

you don't want to see buffalo hump, ever. i could explain, but just trust me on this one.

bail bail bail.
 
With the most recent negative Friday & positive Monday the next 2 charts hold no relevance to the recent price action but I'll post them just in case these indicators get triggered next month.

In past studies I've done, I've found a negative Friday followed by a negative Monday can sometimes mark a significant bottom, almost akin to an exhaustive capitulation while other times it was followed by a 2nd trigger the next week. For now, the last 20 event suggest the following 3 days run flat, with a 5-day percentile average gain of .02%
View attachment 27314


When a positive Friday is followed with a positive Monday, the next 3 days are usually positive. Of the last 20 events, the 5-day average was positive 90% of the time with an average 1.12% gain. What does this tell you? It tells you you should stay invested if you're already in.
View attachment 27315


Options expiration looks like a classic M-pattern with Friday being the dip. It might be a good window of opportunity to exit the day prior and enter the day of but these things don't always work out the way we plan.
View attachment 27319


This is interesting, the 1st 11 days are choppy, up/down/up/down/up/down/up/down/up/down/up. On this time-scale this chart definitely appears incoherent without a visible trend to be seen.
View attachment 27317


As I've mentioned before, the month of March is an awesome gainer. Over the past 5 years, 4 were positive with 1 closing negative but flat. Ratio wise March has a 65% winning streak over the past 20 years, percentile wise it's the 5th strongest month with an average 1.50% gain.
View attachment 27318

Best of trades...Jason
 
I am very upset with my ROTH IRA performance this year, this is the worst 2-month performance I've had since 2009 and it's inexcusable. The rules I set in place, are not working, I'm pushing the reset button, scrapping the system and going back to the drawing board. The biggest problem I've had is that I don't have the kind of funds available to afford to get tied up in positions for long periods of time and the DCA approach does not suite my style. Putting myself inside the DCA box has made me an unhappy trader, I am a scalper, it's who I am, it's where my best performance lies. I'll be working myself out of these positions, regrouping, and figuring out how to best implement a trading plan that suites my style and all within the confines of not interfering with my work schedule.

To thine own self be true, and it must follow, as the night the day, thou canst not then be false to any man.

​
 
The biggest problem with a Roth IRA is that it does take almost forever to build a substantiial base. Best to use it as a savings account with good paying dividends.
 
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