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$30,000 Millionaire
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In reply to irish pete ag06 • 4:37p, 1/28/23
AG
irish pete ag06 said:
UNH has been a juggernaut. It's chart has been in a steady uptrend.

Showing some weakness lately, and the death cross happened with the 50 and 200 SMA on the daily with the close on Friday.





Distribution phase
You don’t trade for money, you trade for freedom.
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irish pete ag06
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In reply to $30,000 Millionaire • 5:19p, 1/28/23
AG
Makes sense.
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irish pete ag06
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In reply to irish pete ag06 • 5:28p, 1/28/23
AG
irish pete ag06 said:
So I decided to start trading 1 setup and 1 setup alone and logging my trades. I love to share with yal (obviously), even if it's bad.

Looking at 20 trading day batches, so 4 weeks. (1-3 trades per day... 3 will be a rarity)

I'm only trading an 8/21 EMA cross. I will look to enter with a limit order on the 21 EMA in the options chart or on the equities chart.

Stop is set based on S/R and/or an ema cross back against my position.

$300 risk on options, $1000 risk on equities or leveraged ETFs

I set 2 targets based on S/R and based on timeframe (meaning target 1 & 2 will be much closer to entry on 3 minute chart vs entry on a 1 hour or daily chart)

(see I do know what S/R means Prog, LOL)

Off to a decent start so far (only on day 2)


Update:

I traded the 8/21 EMA flip exclusively this week. I tried my best to enter on the 21 EMA re-test on the 2, 3, or 5 minute chart. My job keeps me from watching all day, so I just traded whatever flip was happening when I was looking. I ended up trading all puts on a week straight of green days, but the results aren't bad.

The grid to the far right shows how the EMAs looked at entry and exit. Obviously if you ever get one of those that flips all the way across, you are gonna make a huge amount.




I'm going to continue this for the next 15 days minimum before I switch to another setup. And at that point, I hope the results say I should just stick with this.

I'm also going to attempt to find some swing trades using the same rules but just zooming out to the much larger time frames. Method will remain the same... 8/21 EMAs flip, look for an entry on the 21 EMA re-test.

I was able to create a scanner on thinkorswim for this on Friday evening. Looking forward to utilizing it this next week.
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$30,000 Millionaire
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6:40p, 1/28/23
AG
You can share your scanner with the class.

That's a good trading system and you did well trading counter trend
You don’t trade for money, you trade for freedom.
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ProgN
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7:43p, 1/28/23



Something to keep an eye on especially for the price of oil.
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irish pete ag06
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In reply to $30,000 Millionaire • 8:26p, 1/28/23
AG
$30,000 Millionaire said:
You can share your scanner with the class.

That's a good trading system and you did well trading counter trend
Not sure if this is how you do it or not, but here it is.

https://tos.mx/jgItwPD

Edit: I improved it... so use this link now.

http://tos.mx/ltXcJUE
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irish pete ag06
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9:45p, 1/28/23
AG
CSCO with a golden cross a couple weeks ago. The 8/21 is flipping indicating some obvious chop, but I do wonder if this is accumulation for the next leg up.

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10:13a, 1/29/23
AG
Are any of you following what's happening to George Noble? His fund is down big time this year.

He's short almost everything. Cathie Wood bad performance.


You don’t trade for money, you trade for freedom.
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In reply to irish pete ag06 • 10:14a, 1/29/23
AG
Cisco is a very good company.
You don’t trade for money, you trade for freedom.
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10:16a, 1/29/23
AG
Do you all remember when I posted this about BOIL a while back? Take a look.

I do think purely from a TA perspective that this is comically oversold and will come back some.
You don’t trade for money, you trade for freedom.
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10:21a, 1/29/23
AG
I don't know if this means anything but I found this interesting on nat gas futures.

Notice that as volume is diminishing this is continuing to go lower, much lower and then on a dojo day, which I believe is expiration, there is a ton of volume.
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irish pete ag06
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In reply to $30,000 Millionaire • 1:07p, 1/29/23
AG
$30,000 Millionaire said:
Do you all remember when I posted this about BOIL a while back? Take a look.

I do think purely from a TA perspective that this is comically oversold and will come back some.


Would have been a good time to load up on KOLD
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irish pete ag06
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In reply to $30,000 Millionaire • 1:26p, 1/29/23
AG
$30,000 Millionaire said:
I don't know if this means anything but I found this interesting on nat gas futures.

Notice that as volume is diminishing this is continuing to go lower, much lower and then on a dojo day, which I believe is expiration, there is a ton of volume.
Does this indicate a potential line in the sand for buyers?
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Philip J Fry
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In reply to irish pete ag06 • 1:46p, 1/29/23
AG
My line is somewhere around 2.0. Not sure I even want to go the BOIL route here. A 1X leveraged etf would still do fine with the right buy price.
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$30,000 Millionaire
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In reply to irish pete ag06 • 2:14p, 1/29/23
AG
No, that's a line on the volume.
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Heineken-Ashi
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In reply to Philip J Fry • 3:57p, 1/29/23
Philip J Fry said:
My line is somewhere around 2.0. Not sure I even want to go the BOIL route here. A 1X leveraged etf would still do fine with the right buy price.


You are likely dead on. But I do think a bounce to 4 comes first. I'd be very careful right not with nat gas. Yes, massively oversold. But likely not done. And definitely not easy to trade.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
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irish pete ag06
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In reply to $30,000 Millionaire • 4:04p, 1/29/23
AG
Right, I'm asking what you are interpretting that giant volume meaning on a doji candle?
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In reply to irish pete ag06 • 4:27p, 1/29/23
AG
Could indicate covering and or buying volume.
You don’t trade for money, you trade for freedom.
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irish pete ag06
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In reply to $30,000 Millionaire • 4:28p, 1/29/23
AG
$30,000 Millionaire said:
Could indicate covering and or buying volume.
Ok, that's what I was thinking as well. Thanks for clarifying.
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slacker00
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In reply to irish pete ag06 • 5:03p, 1/29/23
AG
You are looking at the continuous current contract chart for /NG on TradingView. If you look back in time, the volume on that chart usually has a downward slope as the contract approaches expiration.

This is because new trades of longer duration are mostly placed on the back month (or further out) contract and eventually the liquidity shifts. The front month volume dries up and then a volume spike occurs on the change over date as anyone who still holds that contract settles or exits.
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Dan Scott
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5:07p, 1/29/23
AG
Nat Gas opens down 7% making new lows. Wow
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techno-ag
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In reply to Dan Scott • 5:26p, 1/29/23
AG
Dan Scott said:
Nat Gas opens down 7% making new lows. Wow

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Charismatic Megafauna
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5:54p, 1/29/23
AG
Wow stepped away from boil for the last few weeks and glad i did! May not be able to resist tomorrow
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Ragoo
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5:58p, 1/29/23
AG
When this board gets obsessed with something you all really go all in.
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5:58p, 1/29/23
AG
Priced to bearish perfection.
You don’t trade for money, you trade for freedom.
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6:06p, 1/29/23
AG
4080 is a key level for emini.
You don’t trade for money, you trade for freedom.
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Eliminatus
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In reply to Ragoo • 6:06p, 1/29/23
AG
Ragoo said:
When this board gets obsessed with something you all really go all in.


I mean, the majority of us are Aggies. There is definitely a certain prominent character trait to cultists…
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6:46p, 1/29/23
AG
https://www.naturalgasintel.com/weekly-natural-gas-spot-prices-futures-struggle-amid-elusive-demand-stout-production/
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emac0002
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8:02p, 1/29/23
AG
Production is up and the weather took a turn for the worse. 2.50-2.54 is a good support line.
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7:12a, 1/30/23
AG
Decent overnight move in futures. I'm expecting chop this week pending the fed. I'd be surprised to see a major move before Wednesday's rate discussion. Probably less about what happens this time - 0.25%, probably more about future rate hikes.

This rally could have been assuming we're done with hikes.
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8:01a, 1/30/23
AG
4058 is the emini low from Friday. Watch that level for today.
You don’t trade for money, you trade for freedom.
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GreasenUSA
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In reply to Ragoo • 8:09a, 1/30/23
AG
Ragoo said:
When this board gets obsessed with something you all really go all in.

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FTAG 2000
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In reply to FTAG 2000 • 8:34a, 1/30/23
AG
FTAG 2000 said:
FJ43 said:
Lotto'd 404 p for Monday here
I did the 31st, up 50% already.
Net free on these.
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8:41a, 1/30/23
AG
No read for today yet. I don't really like the area we opened into
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Colt98
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8:51a, 1/30/23
AG
Bought a few Tsla calls on dip this morning for a swing

Sold my spy p expiring today for 135%. Those trades are never big enough..lol
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