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Market Talk
- Thread starter Spaf
- Start date
mlk_man
Banned
imported post
Shouldn't we be asking Tekno what the market is gonna do?
I have a "workshop" to go to tomorrow on trend trading. I think I saw it on MSNBC. I'm hoping they have free snacks or something. It starts at one o'clock so I might just get a Big Mac and go biking down the canal instead. I am actually interested in going just because I haven't been to one of these things since I was a young GI. I remember it was some sort of money making opportunity but I don't remember which one.
Go to www.trendtradingtowin.com to see about the "workshop". Hmmm, think I should bring a credit card? LOL
These guys just love to prey on the un-knowing.......
If anyone has been to this "workshop", let me know. If anyone thinks I should go, let me know also. I'll have to start drinking early though........
:shock:
Shouldn't we be asking Tekno what the market is gonna do?
I have a "workshop" to go to tomorrow on trend trading. I think I saw it on MSNBC. I'm hoping they have free snacks or something. It starts at one o'clock so I might just get a Big Mac and go biking down the canal instead. I am actually interested in going just because I haven't been to one of these things since I was a young GI. I remember it was some sort of money making opportunity but I don't remember which one.
Go to www.trendtradingtowin.com to see about the "workshop". Hmmm, think I should bring a credit card? LOL
These guys just love to prey on the un-knowing.......
If anyone has been to this "workshop", let me know. If anyone thinks I should go, let me know also. I'll have to start drinking early though........
:shock:
G
Guest
Guest
imported post
mlk_man wrote:
mlk_man wrote:
We should. I hope he'll tell us.
imported post
STOPS !!
"Don't play the emotions or the spin. Just play the market and set stops. If moving sideways, lighten up.
But find out for your self. Go to Yahoo finance. Bring up the chart for the S&P (3 months). Check out the 20 day moving average. The MACD, P-SAR and the Slow-STO.
I really believe in stops, especially with TSP and the 1-2 days to get out of Dodge.
If I don't use stops. 1% alert and 2% trail, I'll say to myself, oh just one more day!
Input ok? Rgds Spaf "
Stops !
Thats the other half of trading that most "investors " forget to do.... When you enter a trade you should also know when you are going to get out of it if you are wrong..
It keeps theloses small .... Don't be just a bull or a bear .. Let the market show you what to be.... Don'trely on wishes, hope and prayer to make your trade go right..
Skip:^
STOPS !!
"Don't play the emotions or the spin. Just play the market and set stops. If moving sideways, lighten up.
But find out for your self. Go to Yahoo finance. Bring up the chart for the S&P (3 months). Check out the 20 day moving average. The MACD, P-SAR and the Slow-STO.
I really believe in stops, especially with TSP and the 1-2 days to get out of Dodge.
If I don't use stops. 1% alert and 2% trail, I'll say to myself, oh just one more day!
Input ok? Rgds
Spaf "Stops !
Thats the other half of trading that most "investors " forget to do.... When you enter a trade you should also know when you are going to get out of it if you are wrong..
It keeps theloses small .... Don't be just a bull or a bear .. Let the market show you what to be.... Don'trely on wishes, hope and prayer to make your trade go right..
Skip:^
Birchtree
Well-known member
imported post
Ever hear of a false break - they are designed specifically to destroy stops - get you out prematurely leaving you on the curb while the bus drives away. The only stop I like to use is a buy stop that is under the market - they are good if you don't like to overpay and you don't really care if the purchase is actually completed.
Ever hear of a false break - they are designed specifically to destroy stops - get you out prematurely leaving you on the curb while the bus drives away. The only stop I like to use is a buy stop that is under the market - they are good if you don't like to overpay and you don't really care if the purchase is actually completed.
teknobucks
Active member
imported post
El Vis wrote:
these hurricane debates have drained my nrg...still think a little downdraft cometh soon.
********************************************************************
do not understand the use ofstop market orders on tsp funds:%
there is no mechanism to set it and forget it as one would with a regular broker .
El Vis wrote:
ever get the feeling only three or four people post on this board using 10-15 different handles...LOLmlk_man wrote:We should. I hope he'll tell us.
these hurricane debates have drained my nrg
...still think a little downdraft cometh soon.********************************************************************
do not understand the use ofstop market orders on tsp funds:%
there is no mechanism to set it and forget it as one would with a regular broker .
teknobucks
Active member
Spaf
Honorary Hall of Fame Member
imported post
Birch,
When you say "false breaks" are you refering to Bull and Bear Traps like The Technician frequently talks about?
Counter it by using several indicators and oscillators, and even then there is no guarantee. Trapping bulls and bears is just a breakout failure, one of them there market things you have to watch for.
Tekno,
Stop market orders on TSP funds. What I refer to is creating paper stops for TSP funds. I've been told to shuck a fund with a 5% loss. But with TSP we don't have instant trade ability. Also when we do get a decline the candlesticks can be very deep. To counter act this; when the top fizzles and the market goes sideways, my strategy is to go light or safety. I set a paper stop at a -1% and a trailing paper stop at -2%. Could I get a false signal. Yes, if I just used the paper stop as the sole indicator. But I use several.
Do I use stop market orders on my traders platform? No! Why? I stick with ETF's and specifically iShares so I can monitor them daily with a moving average.
Yaked enough? Spaf
Birch,
When you say "false breaks" are you refering to Bull and Bear Traps like The Technician frequently talks about?
Counter it by using several indicators and oscillators, and even then there is no guarantee. Trapping bulls and bears is just a breakout failure, one of them there market things you have to watch for.
Tekno,
Stop market orders on TSP funds. What I refer to is creating paper stops for TSP funds. I've been told to shuck a fund with a 5% loss. But with TSP we don't have instant trade ability. Also when we do get a decline the candlesticks can be very deep. To counter act this; when the top fizzles and the market goes sideways, my strategy is to go light or safety. I set a paper stop at a -1% and a trailing paper stop at -2%. Could I get a false signal. Yes, if I just used the paper stop as the sole indicator. But I use several.
Do I use stop market orders on my traders platform? No! Why? I stick with ETF's and specifically iShares so I can monitor them daily with a moving average.
Yaked enough?
Spaf
robo
Well-known member
imported post
Tom pointed out that we have had a 3% gain in the S&P..... A consolidation/pullback is likely since we are getting close to the 1245 high....
Some comments from a Tech:
Tom pointed out that we have had a 3% gain in the S&P..... A consolidation/pullback is likely since we are getting close to the 1245 high....
Some comments from a Tech:
We shall see.....Volume is low, and markets are struggling against overhead resistance.
AT A GLANCE: Volume remained low yesterday as the market eked out a narrow gain. The indices are fast approaching resistance areas, and the combination of low volume with overhead resistance is likely to result in a consolidation, before an assault is launched on the August highs
The S&P 500 closed at 1236.36, just below its recent reversal at 1237.81. It may clear it today, but there is a higher probability that it will pull back to test the uptrend line just below at 1230.er 7th
teknobucks
Active member
imported post
mlk_man wrote:
Hamzei Analytics and Minyanville Mutilmedia and Publishing are pleased to announce that they will be hosting a chat with the venerable Jon "DoctorJ" Najarian, on Thursday, Septermber 8th, right after the close (1315 pst = 1615 est).
To get access to this chat, please CLICK HERE.
mlk_man wrote:
Hamzei Analytics and Minyanville Mutilmedia and Publishing are pleased to announce that they will be hosting a chat with the venerable Jon "DoctorJ" Najarian, on Thursday, Septermber 8th, right after the close (1315 pst = 1615 est).
To get access to this chat, please CLICK HERE.
teknobucks
Active member
imported post
imported post
9-1-1 man! Everyone has a new disaster to play with. Don't get all sentimental on me now. You boys in Texas should be thinking on how your going to feed all those mouths you took in. Don't be worrying about no New Yorker in a high rise they got there plastic and such to keep them happy.
9-1-1 man! Everyone has a new disaster to play with. Don't get all sentimental on me now. You boys in Texas should be thinking on how your going to feed all those mouths you took in. Don't be worrying about no New Yorker in a high rise they got there plastic and such to keep them happy.
robo
Well-known member
imported post
OK...... I hope the terrorist are on vacation..... We could not handle much of an attack right now... Especially if the targets are oil related.... Not worried at all. Iwas just wondering what others were thinking, and looking for comments about the subject as it relates to the stock market........ Thanks for yours.....
OK...... I hope the terrorist are on vacation..... We could not handle much of an attack right now... Especially if the targets are oil related.... Not worried at all. Iwas just wondering what others were thinking, and looking for comments about the subject as it relates to the stock market........ Thanks for yours.....
imported post
Your welcome Robo! My comments probably don't mean much any way. I am setting out on the prairie getting all confused by the media bull crap! Hey! NFL Football begins tonight! This will keep them busy with the Raiders and Patriots going at it. I think my Fantasy Football team is going to be tops again this year.
Your welcome Robo! My comments probably don't mean much any way. I am setting out on the prairie getting all confused by the media bull crap! Hey! NFL Football begins tonight! This will keep them busy with the Raiders and Patriots going at it. I think my Fantasy Football team is going to be tops again this year.
