JTH's Account Talk

[JTH]

i sold the whole position TNA. Filled at 01:40:35' at a price 81.96. I am back to cash. This was a great trade. I owe JTH much of my success in this trade. JTH, I am pleased to have walked this trip with you. I thank you wholeheartedly for yor charts an for the lessons you have taught me. I do not yet have a true grasp of your trading method, and I have to get proficient using your settings and refreshing the Fibonacci levels and the quadrant lines. I'll understand these down the line; but I will review your charts to backtrack the great experience. But, this has to be at a later time. I am very tired. Thanks again.

No problem, the pleasure was all mine, it's not often I get to share a live trade in the forum, it would have been nice to do more than one, but I'm in the middle of preparing for a test, so I had to multi-task. Those 15-min timescale trades are fun, but it's a bit exhausting, it felt like I was in that trade for weeks instead of 2 days.

 

[MrJohnRoss]

___
That's it, I'm done, it's nap time...In at 79.77, out at 81.80

Well done. A 2.5% gain in two days may not seem like much to some, but I'd gladly take 1% per day.

That's 5% a week. Multiply that times 52 weeks. That's a pretty nice annual gain.

(If it were only that easy.)

 

[JTH]

Well done. A 2.5% gain in two days may not seem like much to some, but I'd gladly take 1% per day.

That's 5% a week. Multiply that times 52 weeks. That's a pretty nice annual gain.

(If it were only that easy.)

Thanks MJR, I'm glad it worked out, this trade was a heavier position, I needed to get the cost basis down to .57% to make it worth the effort & risk associated with getting over Wednesday's 80.13 high, so this one cleared 1.96% It would be nice to clear 2-5% a week but I don't have the cash reserves some of the other folks have. I look forward to the day when I can lay down 10K on a position...

 

[airlift]

JTH, I was under the impression that Stockcharts.com has an indicator for Fibonacci values. I can't find it. Can you please clarify if I am wrong about this? Tia.

 

[JTH]

JTH, I was under the impression that Stockcharts.com has an indicator for Fibonacci values. I can't find it. Can you please clarify if I am wrong about this? Tia.

None that I know of, you can draw in Fib lines but it's static, if you draw Quadrant lines (extending them past current prices) then the quad lines will expand with the price movement. I didn't use fib lines because it's too much work to re-draw them every time prices moves beyond them, at least with the quad, it does the work for you.

View attachment 32434

 

[JTH]

Good evening

For the Point & Figure Market Summary, bonds are on a sell, equities on a buy. Over the past few days, both small caps and tech have led this latest rally and bonds were kind enough to provide confirmation. I've done very well for myself, I could go to the G-Fund and be more than satisfied for the month, for now, I've stepped aside and will evaluate price action over the next few days.

• AGG - 3 Double Bottom Breakdowns, 3 lower high/lows
• SPX - 2 Double Top Breakouts, 2 higher highs, 1 higher low
• W4500 - Fresh 52-week highs 3 Double Top Breakouts, 3 higher highs, 1 higher low
• TRAN - Fell just short of triggering a Double Top Breakout, 1 lower high, 1 higher low
• NDX - Fresh 52-week highs 2 Double Top Breakouts, 2 higher highs, 1 higher low

View attachment 32435

 

[Mcqlives]

• TRAN - Fell just short of triggering a Double Top Breakout, 1 lower high, 1 higher low

This is the one that most concerns me...I am worried that the Transports are going to be a strong leading indicator again.

 

[MrJohnRoss]

This is the one that most concerns me...I am worried that the Transports are going to be a strong leading indicator again.

Good observation. Transports have some catching up to do. Rising fuel prices could be suppressing future earnings in investors eyes.

 

[JTH]

This is the one that most concerns me...I am worried that the Transports are going to be a strong leading indicator again.

Good observation. Transports have some catching up to do. Rising fuel prices could be suppressing future earnings in investors eyes.

Yea the TRAN still needs to price in the reduced energy cost, if it makes you feel any better, they did trigger a Double Top Breakout this morning.

 

[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.

 

[Mcqlives]

Yea the TRAN still needs to price in the reduced energy cost, if it makes you feel any better, they did trigger a Double Top Breakout this morning.

If we get some follow through I'll feel much better. At least I have an hour to see what happens.

 

[tsptalk]

Yeah, trannies lagging, but not doing poorly. I assume the harsh winter is taking a small toll. Cancelled flights, airport closings, delayed deliveries, etc. Just speculating. Could be a minor blip.

 

[JTH]

This is the one that most concerns me...I am worried that the Transports are going to be a strong leading indicator again.

Yeah, trannies lagging, but not doing poorly. I assume the harsh winter is taking a small toll. Cancelled flights, airport closings, delayed deliveries, etc. Just speculating. Could be a minor blip.

Forgot to mention this

[h=1]The "Catastrophic Shutdown Of America's Supply Chain" Begins: Stunning Photos Of West Coast Port Congestion[/h]

 

[Mcqlives]

Forgot to mention this

The "Catastrophic Shutdown Of America's Supply Chain" Begins: Stunning Photos Of West Coast Port Congestion

Yeah...I just read how entire containers of oranges stayed on ship in port for 24 days before being unloaded. Time to pull a trading places on oranges!:nuts:

 

[airlift]

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.

I would have considered this trade, because we are at all time highs, and we could easily go down before this long weekend. But I have errands to do and can't stay focused at the wheel. Good luck in this!

 

[JTH]

I would have considered this trade, because we are at all time highs, and we could easily go down before this long weekend. But I have errands to do and can't stay focused at the wheel. Good luck in this!

I don't blame you, I wouldn't give this trade to my grandma, it's very speculative. From the standpoint that the markets go up 54% of the time, and I'm trying to short it, then there's a 46% chance of being right. There is a limited window of opportunity here, if it gets too late in the session, then the order will be canceled.

 

[nnuut]

Kinda like flipping a coin!

 

[JTH]

___
Dedicating Post #7,000 to my favorite technical analyst Katie Stockton.

• No, she will not show you some leg.
• No, she will not dye her hair blond.
• No, she will not spray on her makeup.

What you will get is a brilliant women with a dry & honest personality who calls the facts without the a-typical CNBC spin...

1-min in she talks about the S&P 500
Just how high can Apple go?

 

[soon2retire]

Moving 75% to G fund, no moves left and keeping 25% in the S fund just in case we have some follow through. I don't have a warm fuzzy feeling about us continuing up without another pull back from these highs, not yet anyway! We shall see....

 

[soon2retire]

Congrates on post #7000