davesaint86
725 posts
msg #137827
- Ignore davesaint86 |
8/24/2017 3:31:43 PM
Pthomas - It depends. I have 5 buckets of money to trade.
My 401k - I can make changes every 15 days. I want to see the weekly on buy. Right now I'm in the Bond Index Fund and a Global Bond Fund. My company stock fund is still in a Weekly Buy. It's currently a sell on the 2 hour, 4 hour, 1 day and 2 day. If overall market conditions improve I have no problem allocated some funds when the daily triggers.
My wife's 401k - I can make trades every 30 days so I do not have a much flexibility. I just use the weekly for her 401k selections. I also look at the 3 Month Relative Strength numbers. You can add mutual funds in FreeStockCharts. You can also add in Investing.com which is also free.
We also have one Roth and two rollover IRAs. I'm in cash right now waiting for the weekly to trigger. I will then play the shorter trend (depending on which etf) within the weekly trend. If the Slow Sto 14,3,3 embeds I will stay in the trend until it no longer embedded (See Ira Epstein post about what the rules are for the embedded Slow Sto). I will be using the SMI Ergodic Indicator (5-20-5) and Oscillator to get into the trades using the weekly and not the PPO 10/24/8.
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pthomas215
1,251 posts
msg #137829
- Ignore pthomas215 |
8/24/2017 5:53:42 PM
Thanks Dave. I am in cash too until weekly crosses over on SnP.
I was just thinking there is an optimal time frame to view entry on a trade. Meaning process would be you wait until weekly, 2 day and 4 hour crossed over and look good--wait for dip (SNAP hint hint :) ), and then after dip you get in. but am thinking there is an optimal time frame to view entry so you dont eat anymore consolidation than you have to after entry.
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davesaint86
725 posts
msg #137831
- Ignore davesaint86 |
8/25/2017 8:46:41 AM
Pthomas,
I get it. IRA Epstein calls for a pullback to the 18MA on the daily. I guess that is one way to do it. TG says for GLD for example the 4 hour is key. With other ETFs who knows. There is no perfect answer.
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pthomas215
1,251 posts
msg #137832
- Ignore pthomas215 |
8/25/2017 9:10:50 AM
Dave, you are correct. no perfect answer and you helped me think of something. a pullback towards the EMA(13) is what i have seen that works for entry. appreciate it.
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davesaint86
725 posts
msg #137842
- Ignore davesaint86
modified |
8/26/2017 11:35:27 AM
I looked at my 401k charts in FreeStockCharts this morning. I'm looking at the weekly of SPY. Price crossed above the 18MA on the weekly during election week and it still has never close below the weekly 18MA. So the weekly 18MA is equivalent to the 90MA on the daily. So it looks like the weekly MA18 or MA20 is a decent indicator for trading in one's 401k or longer term trading. The weekly 13MA will work also. However you will have more whipsaws.
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graftonian
1,089 posts
msg #137844
- Ignore graftonian |
8/26/2017 1:59:12 PM
Question: In the CW system, do 2 completed weekly candles constitute a trend?
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graftonian
1,089 posts
msg #137854
- Ignore graftonian |
8/27/2017 2:40:20 PM
Fellow Charting Wealth afficianados, check out BRS and Macs old friend AMBA.
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Mactheriverrat
3,153 posts
msg #137855
- Ignore Mactheriverrat
modified |
8/27/2017 2:45:23 PM
Good call on AMBA and BRS- graftonian
AMBA is waking up alright.
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Mactheriverrat
3,153 posts
msg #137856
- Ignore Mactheriverrat
modified |
8/27/2017 4:26:09 PM
CBAY on watch
Will enter if she holds the first hour or so on Monday.
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graftonian
1,089 posts
msg #137857
- Ignore graftonian |
8/27/2017 5:10:01 PM
Mac, To me it does not look like CBAY is quite there on the 1 week and 2 day charts.
BRS took a big hit in late May annd early June, and they have been doing some house cleaning. Also,
they are a Houston based, world wide helicopter service, they just might put a few FEMA dollars in
their pocket, what with the current situation.
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