Underexposed - Canadian Stock Journal - Trading Journals | futures io social day trading
futures io futures trading


Underexposed - Canadian Stock Journal
Updated: Views / Replies:29,951 / 609
Created: by Underexposed Attachments:696

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 696  
 
Thread Tools Search this Thread
 

Underexposed - Canadian Stock Journal

  #411 (permalink)
Membership Temporarily Revoked
Calgary Alberta/Canada
 
Futures Experience: Advanced
Platform: TDWaterhouse
Favorite Futures: stocks (long term)
 
Posts: 934 since Feb 2014
Thanks: 180 given, 777 received

confirmatio

Just to confirm the order that I said on Saturday

Entered the order for limit Bid for 3000 shares of LUN.TO @5.30

Edit: I will change the limit price to $5.35...that is the top of the support band, not the bottom. This way I would be more sure to catch a downward spike


Last edited by Underexposed; November 10th, 2014 at 12:04 PM.
Reply With Quote
 
  #412 (permalink)
Membership Temporarily Revoked
Calgary Alberta/Canada
 
Futures Experience: Advanced
Platform: TDWaterhouse
Favorite Futures: stocks (long term)
 
Posts: 934 since Feb 2014
Thanks: 180 given, 777 received

got it

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



As you can see from this chart that the share price touched $5.35 twice with enough volume that I will consider that my order for 3000 shares has been filled. It may fall again but right now it seems to be returning to the 20 interval SMA for now.

So that buy was complete and shows you that the share price rising high above the upper BB on Friday means pullback

Gotta go now ...will post on the Slow Sto in the evening.

Good trading....

Reply With Quote
The following 2 users say Thank You to Underexposed for this post:
 
  #413 (permalink)
Membership Temporarily Revoked
Calgary Alberta/Canada
 
Futures Experience: Advanced
Platform: TDWaterhouse
Favorite Futures: stocks (long term)
 
Posts: 934 since Feb 2014
Thanks: 180 given, 777 received

update on Lundin Mining


As I pointed out earlier this morning, I did get my bid for my portfolio here (as well as in reality) It touched the bid price of $5.35 briefly in the morning and at the end of the day it dropped below to $5.33

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



From the look of it I might have gotten my original bid of $5.30 early tomorrow but a few cents either way doesn't matter much on a long term hold

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



You can see that we are now comfortably on the Upper BB....that did not have to happen today, it could have taken a few more days. That pattern of pullbacks of share prices that spike above the upper or below the lower BB is VERY useful

You can also see that the chart is still in breakout mode....the BBWidth is still rising as is the MACD and Slow Sto. That resistance we see in the previous P&F chart that I posted about 5 posts ago, appears to be the 50DaySMA

I think this resistance will be severely tested tomorrow and hopefully breached.

Reply With Quote
The following 2 users say Thank You to Underexposed for this post:
 
  #414 (permalink)
Mate
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: TopstepTrader
Favorite Futures: NQ, TF, YM
 
matevisky's Avatar
 
Posts: 469 since May 2013
Thanks: 632 given, 1,544 received


Underexposed View Post

You can also see that the chart is still in breakout mode....the BBWidth is still rising as is the MACD and Slow Sto. That resistance we see in the previous P&F chart that I posted about 5 posts ago, appears to be the 50DaySMA

I think this resistance will be severely tested tomorrow and hopefully breached.

I love this. Do what you say, say what you do!

Máté
Full time traderLive journal here
Reply With Quote
The following user says Thank You to matevisky for this post:
 
  #415 (permalink)
Membership Temporarily Revoked
Calgary Alberta/Canada
 
Futures Experience: Advanced
Platform: TDWaterhouse
Favorite Futures: stocks (long term)
 
Posts: 934 since Feb 2014
Thanks: 180 given, 777 received


matevisky View Post
I love this. Do what you say, say what you do!

thanks...my whole journal has been like that. I do have the advantage of being a long term player so there is no problem documenting the steps. If I was constantly studying a chart for small gains and executing these plays it would not be possible to document thoughts. It is an aspect of long term trading that I like.... it is more relaxed and less stressful once you get the hang of it.

Reply With Quote
The following 2 users say Thank You to Underexposed for this post:
 
  #416 (permalink)
Membership Temporarily Revoked
Calgary Alberta/Canada
 
Futures Experience: Advanced
Platform: TDWaterhouse
Favorite Futures: stocks (long term)
 
Posts: 934 since Feb 2014
Thanks: 180 given, 777 received

how I use the Slow stochastic indicator in the Trigger chart

I have showed you how I set up the Slow Stochastic indicator and how I interpret the patterns which is certainly not the normal way.

This indicator is really useful in helping me to decide whether or not to keep a stock AFTER the end of a bull run. It fills that gap in knowledge.

Enercare Inc [TSX:ECI]


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



It was not hard to hang onto ECI in that first blue box ....it was never below 50 in the whole time...it was always in the bullish area as the MACD and BBwidth declined.

THe Green box area would have indicated caution but look at the BBwidth...as the Slow Sto was starting to fall....the BBwidth was flat as a board...the trigger was not being pulled...the BBWidth was not rising.

then in the last box the Slow Sto started to rise again... the MACD followed and THEN the BBwidth rose and was the trigger to another bull run.

The dashed pink line shows a potential problem but look at the MACD and BBWidth as the RSI fell....they are flat...no reason to sell .....if the BBwidth kept rising AND the MACD fell that would have been a sign to sell....but that did not happen...the Slow Stow recovered....life is good

Berkshire Hathaway [NYSE:BRK/A]


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



You have to see how the trigger "group" are acting. Individually they don't give good information all the time but when viewed together it is a different story.

1. the Slow sto is Mildly bullish the whole time....the MACD is pretty flat...the BBwidth is dead-assed flt.... no reason to buy or sell.

2 Before this box, the Slow sto and MACD fall and the BBwidth starts to rise.... Is this a time to sell??? Wait! the price fell below the lower BB...is it a head fake? Yes it is....the Slow sto reverses direction, the MACD does too...the BBwidth resumes its climb....it is the start of a bullish run , confirmed on Aug 11 when the real breakout occurs.

3. the Slow STO starts a severe decline....so does the MACD...if the BBWidth rose suddenly it would be a clear sell sign....but it doesn't react like the others. It ends with the price falling below the Lower BB...another head fake. The Slow sto starts to rise... the MACD halts its fall the small rise in the BBwidth falls back....no reason to sell

4. the Slow Sto and MACCD continue to rise Nov 1 the BBwidth rises suddenly....another bullish rise has begun.


Silver (eod)


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



1. No reason to buy until June 14 ...see how the Slow Sto leads the way with a rise....the MACD follows then the BBwidth triggers the buy

2. All is bullish with the Slow Sto...no problem in the consolidation stage of the price.

3. trouble on the horizon...Slow Sto falls along with the MACD...Aug 25 the BBwith rises....time to sell then (Aug 25)

4 See how the Slow Sto drops into the mud and stays there... the decline of the MACD...the rise of the BBWidth means nothing on Sept 22...this is still a bear....On Oct 4 there is a MACD/BBwidth Pinch....the fall is over ....If this was a stock and you were shorting it over this period it would be time to cover that short.

5. Is the fall over??? Nopes , it was just a rest the Slow sto Starts to rise but never clears the bearish territory...the BBwidth falls during this time...no trigger, no buy signal. At Oct 29 the BBwidth suddenly rises sharply...the MACD and Slow sto is falling .....another bear run begins


Conclusion

See how you build a story ... how each indicator contributes to the conclusion.

here are some rules I follow in this chart now that it is complete.


1. A bull run start occurs with the rise of the Slow Sto, followed by the MACD rising and triggered by the sudden rise of the BBwidth

2. A bear run starts with the fall of the Slow Sto, followed by the MACD falling and triggered by the sudden rise of the BBwidth

3. the end of a bull run occurs when the MACD and BBwidth BOTH reverse direction and turn negative.

4. The end of a bear run occurs when the MACD turns positive and BBwidth turns negative ( MACD/BBwidth pinch)

5. The decision to hold a stock through the consolidation period following a bull run, depends on the Slow sto remaining above 80 preferably or at least above 50 if the BBwidth remains flat.

6. At the end of a bear run, it will be just a rest if the Slow Sto does not rise

7. Following a bull or bear run...there is a consolidation period....the share price in both cases will tend to gravitate toward the 20daySMA and twist around this line until the BBwidth falls to its "trigger" level

8. Rises above or falls below the Upper/lower BB by share price usually last 2-5 days. If they occur near the end of a bull run they are definite sell signals as the share price will plummet soon after....despite pumpers saying this stock is "going to the moon"

**********************
It is getting late and I am sure I could think of a few more things if I tried.

This is a VERY useful chart...I have 3 others that I use during a consolation period to try to predict the direction when the BB's get tight.

I may talk about those charts in the future but I am going to take a break from lecturing for a while.

If you, the readers, want to have me give a reading of this chart on anything with a price/time chart I enjoy challenges like that. while it sort of worked on tick charts it was not as clear to read though.

Lots to talk about, eh......what you have read in the last 2 weeks took me 3-5 years to figure out...If you like this chart and practice its use I think you will benefit a lot.

Good trading.....

Reply With Quote
The following 4 users say Thank You to Underexposed for this post:
 
  #417 (permalink)
Elite Member
Madrid Spain
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: ES
 
Malthus's Avatar
 
Posts: 235 since Oct 2014
Thanks: 849 given, 673 received

Very interesting chart. I tried with a 10 min chart of the ES. Correct me if you see something different.

1 - Price breaks the upper Band but BBwidth never triggers and MACD is bearish, so we stay out.

2 - Short setup that quickly reverses, but we keep our short since BB is flat. SMA holds and price starts to fall again.

3 - Another possible short entry but risky since it's against resistance.

4 - BB falling, MACD rising and Sto rising, time to get out of our short.

5 - This was a possible short but BB was not on the trigger zone.

6 - Another short opportunity.

Feel free to comment. Here is the clean chart of the same day.

EDIT: I re uploaded them:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Last edited by Malthus; November 11th, 2014 at 09:13 AM.
Reply With Quote
The following user says Thank You to Malthus for this post:
 
  #418 (permalink)
Market Wizard
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
Posts: 3,635 since Jan 2013
Thanks: 26,755 given, 11,114 received
Forum Reputation: Legendary


Malthus View Post
Very interesting chart. I tried with a 10 min chart of the ES. Correct me if you see something different.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



1 - Price breaks the upper Band but BBwidth never triggers and MACD is bearish, so we stay out.

2 - Short setup that quickly reverses, but we keep our short since BB is flat. SMA holds and price starts to fall again.

3 - Another possible short entry but risky since it's against resistance.

4 - BB falling, MACD rising and Sto rising, time to get out of our short.

5 - This was a possible short but BB was not on the trigger zone.

6 - Another short opportunity.

Feel free to comment. Here is the clean chart of the same day.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

@Malthus, it looks like your charts have succumbed to the dread futures.io (formerly BMT) Disappearing Chart Syndrome .... at least, I can't see them. I've noticed that sometimes they vanish, although I think the person who posted them can still see them.

Could you reload?

Thanks.

Good conversation here, by the way....

Bob.

Reply With Quote
The following 2 users say Thank You to bobwest for this post:
 
  #419 (permalink)
Elite Member
Madrid Spain
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: ES
 
Malthus's Avatar
 
Posts: 235 since Oct 2014
Thanks: 849 given, 673 received


bobwest View Post

Bob.

Can you see them now? I could see them so I didn't know the rest of you couldn't

Reply With Quote
 
  #420 (permalink)
Market Wizard
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
Posts: 3,635 since Jan 2013
Thanks: 26,755 given, 11,114 received
Forum Reputation: Legendary



Malthus View Post
Can you see them now? I could see them so I didn't know the rest of you couldn't

Yes, they are there now.

This happens. I recall that @Underexposed has commented on it also in another thread. -- An un-diagnosed futures.io (formerly BMT) glitch.

Sometimes I get it on a long post, and it's possible that it's the time I keep the edit window open, more than the actual post length in words. I don't know.

I've taken to not uploading charts until I've written everything else, unless it's all short....

Thanks.

These bands/indicators do make for an interesting topic.

Bob.

Reply With Quote
The following 2 users say Thank You to bobwest for this post:

Reply



futures io > > > Underexposed - Canadian Stock Journal

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
FB2012 Friday Stock Day Trading Journal FB2012 Trading Journals 56 May 4th, 2014 01:03 PM
trading Canadian exchanges ChartTrader175 Stocks and ETFs Trading 11 February 28th, 2014 05:04 PM
PuraVida's Stock Swing Journal puravida Trading Journals 21 April 7th, 2013 10:35 AM
Strider's stock trading journal jmjstrider Elite Trading Journals 9 March 2nd, 2011 05:17 AM
Alex123 Stock Day Trading Journal alex123 Elite Trading Journals 40 October 10th, 2010 03:02 PM


All times are GMT -4. The time now is 08:31 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-15 in 0.17 seconds with 20 queries on phoenix via your IP 54.234.247.118