johnpaulca
12,036 posts
msg #72000
- Ignore johnpaulca |
3/4/2009 3:29:06 PM
Radio: you sold FAS in the BOOYA buyzone...that's just crazy, you should be stoned at the market place for that...LOL.
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Radiomuse
288 posts
msg #72001
- Ignore Radiomuse
modified |
3/4/2009 3:38:28 PM
Yeah yeah...way too fast on the trigger. But would you have let it drop all the way through, and open below it before selling? I mean, isn't it also the Booya sell zone?
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johnpaulca
12,036 posts
msg #72002
- Ignore johnpaulca |
3/4/2009 4:13:22 PM
You did the right thing, I was just pulling your chain...if ever in doubt , get out and re-think the position.
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Radiomuse
288 posts
msg #72005
- Ignore Radiomuse |
3/4/2009 4:28:53 PM
I should have had a hard stop set, maybe about 3.60 - then I would have been ok instead of hitting the sell trigger while on the phone.
Btw - nice chart of TSN. Looks like a clear signal and could have been an easy ride to 8.10.
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johnpaulca
12,036 posts
msg #72006
- Ignore johnpaulca |
3/4/2009 4:39:08 PM
When using BB(40,0.4) as a stop, wait of an open below the lower band before pulling the trigger except it it sitting on the BB(10,0.2). Once the lower BB(40,0.4) is penetrated draw a line at the lows, this is your support. An open below this line is a sell signal. Stocks that have crossed below BB40 have a tendency to pull back to lower BB40 then continue downwards. I short at this point but it is riskier.
-HTH
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moby
314 posts
msg #72018
- Ignore moby |
3/4/2009 11:32:32 PM
3/4/2009 11:48:34 AM
FAZ...went through the BOOYA buyzone...you should be out of your longs
Hi johnpaulca,
This thread is awesome. Would you please post the chart you look at to reflect the above alert?
I've almost get it but the visual would really be nice.
You've been really killing FAZ this last while, mega congrats.
Thanks.
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Radiomuse
288 posts
msg #72031
- Ignore Radiomuse |
3/5/2009 11:02:37 AM
Check out the megatrend on FAZ/FAS this morning - waiting for a good long entry point on FAS.
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Radiomuse
288 posts
msg #72033
- Ignore Radiomuse |
3/5/2009 11:19:17 AM
Wow, for about an hour it looked like volume was drying up - but look at the spike just now with FAS. Looks like a lot of bailing under $3.
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Radiomuse
288 posts
msg #72037
- Ignore Radiomuse
modified |
3/5/2009 12:16:22 PM
Well, guess the world must be ending. Then WTF, I'm still looking for a long entry on FAS. But I'm gonna wait for it to open above the lower BB it's been riding down all morning. Hmmm, what would JP do? WWJPD???
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Radiomuse
288 posts
msg #72038
- Ignore Radiomuse |
3/5/2009 12:28:29 PM
Long ERX at 18.00, not yet on FAS.
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