I think >40 for longs and <60 for shorts is a tiny bit more aggressive.jimmo said:
I was able to find TDI on thinkscript... it works in TOS it appears.
all that would be required would be to combine the two signals then.. correct?
TDI >50 (or <50) & ema cross.
here's the TDI i found: TDI
Not sure, but here's a test run of the strategy:
TOS version
Stock Markets
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Last: 18 hrs ago by El_duderino
gotcha
thanks 30K
thanks 30K
TOS version gives tons of signals
doubt it working as 30K intended
doubt it working as 30K intended
Post todays SPX chart on 5 minute please.jimmo said:
TOS version gives tons of signals
doubt it working as 30K intended
Well, you all are downloading the snot out of these. I hope they help.
You are the ufcking man!$30,000 Millionaire said:
Also created an RDR script if you all are interested. I just made this one open source so that I don't have to deal with those ufcking ass.hole moderators from TV
https://www.tradingview.com/script/6sRCerrb-30K-Red-Dog-Reversal/
I had looked at the 1 minute chart.. maybe that was my error
Yeah, 1 minute won't work. Don't even try.
I think this works best on 5 minute and daily.
I think this works best on 5 minute and daily.
so does Jimmo's chart from TOS match up with the same signals from TV?
Looks like it to me.
$30,000 Millionaire said:
ok, let's see if they punt this one:
https://www.tradingview.com/script/69hK9hrv-Long-Short-Strategy-with-TDI-based-on-EMA-cross-over/
They don't like this description either
Let's see what they do with the gap up.
Gold may be reversing here
I really wasn't expecting a gap up overnight. I feel like like we usually run on days before FOMC but with possible trump news today and potential 50 bps i wouldn't be shocked to get back in the 392-393 area of spy
If Jpow raised 50 then the fed is deliberately trying to crush the banking sector. He shouldn't even raise 25 tomorrow but his pride won't let him pullback.Golf1 said:
I really wasn't expecting a gap up overnight. I feel like like we usually run on days before FOMC but with possible trump news today and potential 50 bps i wouldn't be shocked to get back in the 392-393 area of spy
ProgN said:If Jpow raised 50 then the fed is deliberately trying to crush the banking sector. He shouldn't even raise 25 tomorrow but his pride won't let him pullback.Golf1 said:
I really wasn't expecting a gap up overnight. I feel like like we usually run on days before FOMC but with possible trump news today and potential 50 bps i wouldn't be shocked to get back in the 392-393 area of spy
I'm buying puts - even if he only raises 25bps, he's going to be hawkish.
If they don't make a strong statement soon about protecting community/regional banks, you're going to see pain. Lots of pain. The amount of debt that needs to be refinanced (from all the construction over the last 5 years) is massive. The proforma doesn't work at todays interest rates. Even though occupancy and rents are good, the math doesn't work. I think Banks generally underwrote things well and should be protected from significant loss, but cash flow is going to be crushed.
Banks have been fighting for liquidity for months, even before SVB. The syndicated loan market is drying up which will make it harder for all companies to borrow.
I'm as big of a risk on / bull investor as there is. I'm taking this pop as an opportunity to prune and raise cash. I'm normally 1-3% cash - hope to be 20%+ by weeks end.
Well gold didn't stick. Terrible price action on SPX
I never dipped toes in water on LUMN but yesterday possibly was the bottom. It traded 310M+ shares and the price didn't budge hardly a cent.
LEAPS buyers may like it here better. I'm trying my best to not invest in $ hit companies tho. Must resist the urge….
LEAPS buyers may like it here better. I'm trying my best to not invest in $ hit companies tho. Must resist the urge….
Note to self, listen to thy self more! had this gap up all but chalked up, chickened out, didn't hold anything overnight.
Yeah the 1/19/24 calls are cheap as hell. What strike price are you thinking? To me, $3.50 and $4 are worth a shotBaylorSpineGuy said:
I never dipped toes in water on LUMN but yesterday possibly was the bottom. It traded 310M+ shares and the price didn't budge hardly a cent.
LEAPS buyers may like it here better. I'm trying my best to not invest in $ hit companies tho. Must resist the urge….
On SPY? I have 397Cs I bought yesterday, thanks to OA's tweet. I trimmed a bunch first thing this morning for a nice profit, holding a couple runners now hoping we get another run upperma Brew doomster said:
Note to self, listen to thy self more! had this gap up all but chalked up, chickened out, didn't hold anything overnight.
Can you help me get this thing into TOS?jimmo said:
I was able to find TDI on thinkscript... it works in TOS it appears.
all that would be required would be to combine the two signals then.. correct?
TDI >50 (or <50) & ema cross.
here's the TDI i found: TDI
Not sure, but here's a test run of the strategy:
TOS version
Those don't seem to be too deep OTM but I'm gonna try and save my capital for a better company. I wanna deploy my money towards better companies at favorable prices. That said, volume yesterday was like 6-8x more than the big gap down a month or so ago.
But I'm not a good day trader and realizing that more and more. I can't commit the time to it that's needed.
But I'm not a good day trader and realizing that more and more. I can't commit the time to it that's needed.
Managing leaps shouldn't require day trading level of attention
ProgN said:If Jpow raised 50 then the fed is deliberately trying to crush the banking sector. He shouldn't even raise 25 tomorrow but his pride won't let him pullback.Golf1 said:
I really wasn't expecting a gap up overnight. I feel like like we usually run on days before FOMC but with possible trump news today and potential 50 bps i wouldn't be shocked to get back in the 392-393 area of spy
Maybe the banking sector should diversify their risk.
Sorta like airlines not investing in buybacks vs improvements. Let companies fail, this is capitalism.
These are up roughly 50% since this post yesterday....and I missed the trade due to a work fiasco. Will keep hunting for opportunities, but appreciated the guidance.oldarmy1 said:Model T $49.84$30,000 Millionaire said:BT1395 said:
Thoughts on MOS long? RSI is in oversold territory and it normally recovers nicely whenever it has dipped its toe in that water in the past.
I think it could pay.
$46.75 calls around $1 out to April 14 would be my pick
I wouldn't touch LUMN with a 10 foot poleBaylorSpineGuy said:
I never dipped toes in water on LUMN but yesterday possibly was the bottom. It traded 310M+ shares and the price didn't budge hardly a cent.
LEAPS buyers may like it here better. I'm trying my best to not invest in $ hit companies tho. Must resist the urge….
BT1395 said:These are up roughly 50% since this post yesterday....and I missed the trade due to a work fiasco. Will keep hunting for opportunities, but appreciated the guidance.oldarmy1 said:Model T $49.84$30,000 Millionaire said:BT1395 said:
Thoughts on MOS long? RSI is in oversold territory and it normally recovers nicely whenever it has dipped its toe in that water in the past.
I think it could pay.
$46.75 calls around $1 out to April 14 would be my pick
I got in on this at .95. Good call
I bought some XLF May 30Ps. Just feels like there's more pain to come in banking.
That or in my portfolio if I'm wrong.
That or in my portfolio if I'm wrong.
annoying price action IMO.
Watch SPY complete the deep W on the 5 min
SPX triggered long and I scalped some.
Noticed that too but almost looks like we are building the right shoulder on H&S on the 15 minute chart.
SPY sitting right on VWAP and RTH model T.
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