JTH's Account Talk

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nnuut said:
The sellers should show up shortly!
I'm not long winded, but rather prolific!:D
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roflmao.gif
 
Ha! Ha! Off to the local Watering Hole, now you won't have me to push around any more, until later!drinking.gif
 
JTH said:
Ha, truth is I don't use much for indicators, at least not the ones the majority use, for the most part it's Price, & Volume with a sprinkle of Fibonacci & Bollinger Bands. I still have 2 IFTs this month, still waiting for the right setup and still getting left behind...
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Out of curiosity, would you mind sharing what sort of periods you would use with your Bollinger Bands, specifically when looking at indexes?

And forgive me if my verbiage is a little clunky. I'm still learning.
 
JTH said:
Did nobody notice the top 30 stats?
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AircrewChief said:
Out of curiosity, would you mind sharing what sort of periods you would use with your Bollinger Bands, specifically when looking at indexes?

And forgive me if my verbiage is a little clunky. I'm still learning.
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To start off with, most folks use the standards and only a few venture away from them. The 20/20/200 moving averages are the most common and so is the 20, 2 Bollinger Band. Most of these pertain to the Daily timeframes, and sometimes they might work on other timeframes such as the hourly, 15-minute & 5-minute charts. The moving averages you use aren't necessarily the most important part of the indicator, what's more important is how you react to it and that you react to it consistently (if you are seeking consistent results.) It's also important to understand not all indicators work equally well across all Indexes or symbols.
 
Usually you can get a good feel for the stability of the markets by watching the futures throughout the night. Markets stayed green all night long, it looks like today will be positive.
 
JTH said:
Usually you can get a good feel for the stability of the markets by watching the futures throughout the night. Markets stayed green all night long, it looks like today will be positive.
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Futures are indicating a good day before the noon deadline, which as we all know reverses or shifts direction afterwards.
 
JTH said:
The TNA Small Caps ETF has had 5 concurrent down days, for me this puts the top on 4 March (supported with a spike in volume that day on TZA the bearish ETF.) As we approach the end of March, we may see some window dressing to close out the quarter, that could be happening now, which might be why the pullback is stronger in the small caps. What we haven't seen yet is a significant surge in negative volume leading me to believe selling pressure is still subdued.

We have an hourly gap fill @ 1846.33 & 1774.06 At this time I think it's reasonable to look for the first 1846.33 gap to be filled and the 3 march 1834.44 low to be tested. But before any of this can happen, we need to breach 1850 which is an area of 2 previous tops, some congestion on the last wave, the 20SMA, and the 1st Fibonacci level. If a big dummy like me can count 4 areas of support @ 1850, you can bet everyone else can too, so if this area breaks, I expect it to flood the sellers out the door, quickly pushing us down to the next levels of support.
View attachment 27542
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Gap is filled

View attachment 27577
 
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