Starting to scale into LABD. Looking for XBI to pull back to the $66 range before advancing further.
Starting to scale into LABD. Looking for XBI to pull back to the $66 range before advancing further.
Nak/ndm.to
so far it looks like price is moving in a 5pt bear flag targeting a lower low. I may consider re-enter a position under 1.8 to complete the 5 waves down structure
However I have been told from other EW counters, this thing could correct as low as 0.6-1.15
because it may have completed a major 5 wave top back at 3.40 and so the correction should be a significant one.
if that is the case, then this 5 waves down will only be the first wave A. Will keep my positions small and will only be using the profits I made from the 1.39 - 3.19 ride up.
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2019 IS350 AWD
20xx NX350 AWD
fcx clearly is bearish at this moment. after failing to sustain above the neckline breakout now find its head back under water and soon will drown down wards as gravity would love to pull her down to the 13s even 12s from the obvious h&s target.
the only bullish short term stance would be to view the lower high denoted by wave v(i) as a truncated 5th. then there is a possibility that the recent drop could be a A=C move.
I would only begin to entertain this idea if fcx manages to get back and sustain herself above water at 15.50+ a safer bet would be to even buy on the breakout above 16.50
until this happens. my current limit order is in the 12s.
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2019 IS350 AWD
20xx NX350 AWD
I jumped the gun by a day on LABD, but im still confident in my play. In the hole 3% now will monitor closely thought... will clear my position and wait for lower entry if i get 5-6% down but i hope that doesnt happen.Originally posted by bspot
Starting to scale into LABD. Looking for XBI to pull back to the $66 range before advancing further.
So LABD is pretty much at all time lows... what is the play on this trade? enter a speculative position that might pay off big time?Originally posted by riander5
I jumped the gun by a day on LABD, but im still confident in my play. In the hole 3% now will monitor closely thought... will clear my position and wait for lower entry if i get 5-6% down but i hope that doesnt happen.
Tap, Rack, BANG!
If you want to gamble and put a stop loss, sure.Originally posted by littledan
So LABD is pretty much at all time lows... what is the play on this trade? enter a speculative position that might pay off big time?
But this is 3x ETF, there is no bottom. All time lows doesn't really mean anything, as these can keep reverse splitting indefinitely. Risky IMO.
OK gotcha. I've never traded a leveraged ETF so not going to start until I have a better grasp.Originally posted by Disoblige
If you want to gamble and put a stop loss, sure.
But this is 3x ETF, there is no bottom. All time lows doesn't really mean anything, as these can keep reverse splitting indefinitely. Risky IMO.
So basically this would be a monitored trade where you enter and exit on momentum to snipe a few bucks when the sector is moving.
Tap, Rack, BANG!
Im not playing it based off of all time lows, im playing based off of the momentum indicators mostly. RSI, Stoich RSI, MACD, AO,Originally posted by littledan
OK gotcha. I've never traded a leveraged ETF so not going to start until I have a better grasp.
So basically this would be a monitored trade where you enter and exit on momentum to snipe a few bucks when the sector is moving.
Normally bio takes a breather and has been quite predictable over the last little while, if you take a couple 2-4% losses, you can make a 10-20% gain once you pick the right entry. I cant upload pictures at work but will this weekend as to why I chose to enter
What's you're price target? I was thinking conservatively XBI = 66. You're absolutely right that some of the corrections are monster though. I get weak hands with inverse ETFs. It's a little easier to hold their bull counterparts.Originally posted by riander5
Im not playing it based off of all time lows, im playing based off of the momentum indicators mostly. RSI, Stoich RSI, MACD, AO,
Normally bio takes a breather and has been quite predictable over the last little while, if you take a couple 2-4% losses, you can make a 10-20% gain once you pick the right entry. I cant upload pictures at work but will this weekend as to why I chose to enter
Hey silver, im super new to active trading but have been trying to collect as much info as possible as I'm looking to get hands on pretty soon here.Originally posted by SilverRex
fcx clearly is bearish at this moment. after failing to sustain above the neckline breakout now find its head back under water and soon will drown down wards as gravity would love to pull her down to the 13s even 12s from the obvious h&s target.
the only bullish short term stance would be to view the lower high denoted by wave v(i) as a truncated 5th. then there is a possibility that the recent drop could be a A=C move.
I would only begin to entertain this idea if fcx manages to get back and sustain herself above water at 15.50+ a safer bet would be to even buy on the breakout above 16.50
until this happens. my current limit order is in the 12s.
I did a quick look at FCX seasonal trends. If I'm reading it right It looks like every year since 2012 (except for last year) around mid feb to early march the FCX stock takes a pretty substantial dive, any thoughts on this? Something to be wary of? Still trying to understand trends.
well natgas finally got to my initial buying range in the 2.7 area. going to take a stab at this with a small ST play
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2019 IS350 AWD
20xx NX350 AWD
My price target is probably 12-14. That's when I will start watching it real close for an exit. One thing is LABD is super risky since Xbi and labu are in a strong uptrend .... but daily and 4h are so OB I couldn't resist. Lets see how it goesOriginally posted by bspot
What's you're price target? I was thinking conservatively XBI = 66. You're absolutely right that some of the corrections are monster though. I get weak hands with inverse ETFs. It's a little easier to hold their bull counterparts.
Also nat gas getting pumped
RBC DIrect Investing is down again for me.
What trading platforms does everyone recommend moving all my tens of hundreds of dollars to?
I already have a TD Waterhouse US trading account. They seem better, but looking for opinions of features and the amount of timely downtime.
Downtime? Almost none with Questrade. And if they are, you can make trades over the phone.
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gold
last week was looking for a bullish 1-2, 1-2 setup unless gold broke the 200EMA on the 5m which suggest it wants to hunt the 1226-1228 area. well this morning it impulsively bounced off that area. now it is fighting a down trendline resistance. will see if the sub correctional wave 2 is in and readying for a big move.
nak/ndm.to is breaking down from that 5pt bear flag formed last week. I will be looking for a re-entry if it can make a new low (lower than last week's low)
ccj/cco looks like it remains in a correction
fcx also continuing it's breakdown. h&s target remains in the low 13s. my limit order is in the 12s
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2019 IS350 AWD
20xx NX350 AWD
because of what happen last year waiting for the pull back that never came. I am trying to see this sector as optimistic as I could.
the current uber bullish count in black 1-2, 1-2 and a less probable but still possible 1-2, but wave 2 is a bit short in time. Both suggest wave 3 ahead. As long as it remains above 23.89.
flip side is that the entire run off December also looks like a good solid 5 waves up. hence, this drop the past week could be the first leg down.
doesnt matter. we have 3 mini waves off this morning, waiting for it to produce 5 waves, then I will attempt to pickup jnug during the mini wave 2 pull back (similar to how I traded the ccj/cco a few weeks back)
and will put a stop below today's low
let see if gdx can holdon to that reversal hammer into the close
Last edited by SilverRex; 02-21-2017 at 10:05 AM.
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2019 IS350 AWD
20xx NX350 AWD
yes seasonal can have an impact to turns in the market, but I dont solely just look at them. So far it definitely feels like both counts/technical and seasonal are in sync together.Originally posted by J-hop
Hey silver, im super new to active trading but have been trying to collect as much info as possible as I'm looking to get hands on pretty soon here.
I did a quick look at FCX seasonal trends. If I'm reading it right It looks like every year since 2012 (except for last year) around mid feb to early march the FCX stock takes a pretty substantial dive, any thoughts on this? Something to be wary of? Still trying to understand trends.
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2019 IS350 AWD
20xx NX350 AWD
posted this last week suggesting the bear flag targeting a new low.Originally posted by SilverRex
Nak/ndm.to
so far it looks like price is moving in a 5pt bear flag targeting a lower low. I may consider re-enter a position under 1.8 to complete the 5 waves down structure
However I have been told from other EW counters, this thing could correct as low as 0.6-1.15
because it may have completed a major 5 wave top back at 3.40 and so the correction should be a significant one.
if that is the case, then this 5 waves down will only be the first wave A. Will keep my positions small and will only be using the profits I made from the 1.39 - 3.19 ride up.
new low achieved, re-entering half of the position I sold nearly a month ago
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2019 IS350 AWD
20xx NX350 AWD
re-added my position to ACB this morning (shouldn't have procrastinated last week ), hoping for a green report this Thursday
Really hope oil isn't making its big move to 60+ right now. Only have a very small position at the moment but I won't chase it.