johnpaulca
12,036 posts
msg #129273
- Ignore johnpaulca |
6/21/2016 9:45:58 AM
Here we have two bands very close together, one acting as support(bb40) and the other as resis(125).
The big question which direction to trade.
Daily is in pullback mode, price is in BB40 moving from top to bottom...decreasing momo.
Option 1....short...cycle already old and due for a mean reversion
Option 2....wait for buy signal...best bet
Option 3...counter trade...risky!!
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johnpaulca
12,036 posts
msg #129274
- Ignore johnpaulca |
6/21/2016 11:09:05 AM
Test:
long BIB...$38.40
Short BIS...$$43
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graftonian
1,089 posts
msg #129277
- Ignore graftonian |
6/21/2016 1:26:59 PM
Trying to understand this. Is RGL a hold at this time period?
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johnpaulca
12,036 posts
msg #129278
- Ignore johnpaulca |
6/21/2016 1:28:53 PM
RGL???
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karennma
8,057 posts
msg #129280
- Ignore karennma |
6/21/2016 1:34:38 PM
I think he meant RGLD.
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johnpaulca
12,036 posts
msg #129281
- Ignore johnpaulca |
6/21/2016 1:44:42 PM
RGLD....is oversold...turning point +168, -168 as mentioned before, I trade pullbacks to the mean once a trend is established.
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graftonian
1,089 posts
msg #129282
- Ignore graftonian |
6/21/2016 1:50:08 PM
I'm sorry, I meant RGC (Regal Entertainment)
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johnpaulca
12,036 posts
msg #129284
- Ignore johnpaulca |
6/21/2016 2:04:29 PM
RGC...looks to be losing momo...higher lows. Bounced off bb125 in a 'V' formation and these have a high failure rate.
When posting a stock a timeframe should be included.
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ThaGekko
139 posts
msg #129285
- Ignore ThaGekko |
6/21/2016 2:04:48 PM
johnpaulca
9,850 posts
msg #129281
- Ignore johnpaulca 6/21/2016 1:44:42 PM
RGLD....is oversold...turning point +168, -168 as mentioned before, I trade pullbacks to the mean once a trend is established.
on what timeframe are you looking? CCI(18) right?
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johnpaulca
12,036 posts
msg #129286
- Ignore johnpaulca |
6/21/2016 2:11:19 PM
the indicator used on the daily timeframe is CCI(18). I listed only the negative turning points, change the sign to + for the positive turning points.
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