JTH's Account Talk

[soon2retire]

Here's a link to Economic Calenders
Economic Calendar: Financial Calendars - Yahoo! Finance

 

[JTH]

Good morning

I have a stop/limit in which will trigger an order for TZA @ 11.31 (current price 11.28) This is a HIGH RISK trade, going against a bull market is very dangerous. Cost basis is at .98% so if it executes, I will keep a very tight stop and not allow the trade much room to runaway from me. I will lower the stop/limit if prices expand to the downside, but I plan on this being an intraday trade, so if I will not to hold over the weekend.

Looks like those bastards are trying to flush me out, order triggered at 11.31 (stop placed at 11.19)

View attachment 32451

 

[JTH]

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Some speculation: The machine wanted to test that trendline, they knew if they could push prices under it, then sell orders would get executed. It worked very well, momentary pushing prices down, the machine scalped .53 cents on that brief rundown, someone made a killing...

View attachment 32452

 

[Mcqlives]

Looks like those bastards are trying to flush me out, order triggered at 11.31 (stop placed at 11.19)

View attachment 32451

did your stop trigger or did you place it after the day's low? TNA move could pop the TZA.

 

[JTH]

did your stop trigger or did you place it after the day's low? TNA move could pop the TZA.

After the low

 

[JTH]

After the low

Watching both charts side-by-side

 

[JTH]

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This was a chart I had intended to post in the "Alternative Views" Blog, but chose not to

View attachment 32453

 

[Mcqlives]

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This was a chart I had intended to post in the "Alternative Views" Blog, but choose not to

View attachment 32453

;swear

Not at you...at the transports.

 

[JTH]

Good morning

I have a stop/limit in which will trigger an order for TZA @ 11.31 (current price 11.28) This is a HIGH RISK trade, going against a bull market is very dangerous. Cost basis is at .98% so if it executes, I will keep a very tight stop and not allow the trade much room to runaway from me. I will lower the stop/limit if prices expand to the downside, but I plan on this being an intraday trade, so if I will not to hold over the weekend.

Looks like those bastards are trying to flush me out, order triggered at 11.31 (stop placed at 11.19)

Stopped out @ 11.19 for a -2.03% loss, I'm ahead for the week, 1 win, 1 loss

View attachment 32454

 

[JTH]

Trading the Stats: Week 7

 

[JTH]

For those who like to range trade, attached is an excel calculator, based off a trading range from 0% 25% 75% 100% I usually just use this for short trades, but the same principles apply no matter what the time frame. If you wanted to, you could generate one based off of fibonacci levels or whatever strikes your fancy, this is just an example.

You can adjust the entry, position size, trading cost, and trading range to analyze your risk/reward, I don't use this specific spreadsheet, but I do use something similar.

View attachment Trading Range Calculator.xlsx

 

[JTH]

Trading the Stats: Week 7

I was in the middle of working on a blog when I realized the trading day stats chart had shifted over by a day due to some auto linking which had not taken Monday's holiday into consideration (human error). Unfortunately I've got some other things I need to do first, but I'll be posting the updated chart at the soonest.

View attachment 32486

 

[JTH]

I was in the middle of working on a blog when I realized the trading day stats chart had shifted over by a day due to some auto linking which had not taken Monday's holiday into consideration (human error). Unfortunately I've got some other things I need to do first, but I'll be posting the updated chart at the soonest.

View attachment 32486

Here's the update'

View attachment 32493

 

[Bquat]

Here's the update'

View attachment 32493

I really like the changes. They match with my idea of what is going to happen a little better.

 

[JTH]

Charting: Fear is good

 

[Khotso]

Charting: Fear is good

Wow! Great analysis/update JTH!

 

[airlift]

Wow! Great analysis/update JTH!

It is great analysis! JTH, from a TA viewpoint; and assuming that the SPX breakout point is around 2090, what is required as confirmation of its validity. Does SPX need 1 or 2 days confirmation that it is holding the price level above the breakout level? Tia.

 

[JTH]

It is great analysis! JTH, from a TA viewpoint; and assuming that the SPX breakout point is around 2090, what is required as confirmation of its validity. Does SPX need 1 or 2 days confirmation that it is holding the price level above the breakout level? Tia.

I tend to look for confirmation on more than 1 timeframe, as it stands now, off the 10 Feb bottom, the current angle of ascension is sustainable, when judging who's controlling prices, I'll be assessing this specific wave. I also show we haven't confirmed a close above 2100 on the 30-minute scale, this is the area I'll be looking for either a breakout, or a bull trap.

 

[JTH]

[h=2]Feb 18 Reversal Market Update and Trending Stock Scan[/h]

 

[JTH]

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Evening folks, for AGG

While today did give us some significant gains, as of this moment, this was an oversold bounce and a fairly typical one at that. Hence, I see no signs of a bottom for AGG just yet. What we did get was a bounce off the bottom of the descending parallel price channel, a rejection at 50% of the previous AB wave, and a topping-style tail. Having only drawn this chart this morning, I did not know the A bottom was going to make a run for the upper trendline, but once it got there, I did believe this is where the rejection was likely to take place. The Topping tail in this exact area was the "nail in the coffee"

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