SFMc01
358 posts
msg #72242
- Ignore SFMc01 |
3/8/2009 9:35:42 AM
Invest4Today; I could sure use some help. For supposedly being a half bright guy, I seem to have developed a true mental block when it comes to using pivot points.
Respectfully, would you please help me? If you like please email me at SFMc01@aol.com.
First, specifically which pivot point calculation system do you use? Do you use Opening Price in your calculations such as described in the article you mentioned in investopedia?
Do you automate the drawing of all of the lines in TradeStation or somer similar trading platform?
Do you do any trading automation?
Thank you ... Steve
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SFMc01
358 posts
msg #72243
- Ignore SFMc01 |
3/8/2009 9:52:53 AM
Invest4Today: You also state, "My rule is to wait for green candle completely above pivot point or resistance level. When I say completely above that includes the wick. "
Please help me further. Are you using a one minute chart? Do you have these lines drawn on the chart? If so, again which charting software are you using?
Thanks ... Steve
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moby
314 posts
msg #72250
- Ignore moby |
3/8/2009 10:09:21 PM
Hi JohnPaul,
Thanks for the booyah chart, for HMSY is the close at the bb40 median line make this chart ideal?
Do you mind whipping through these charts to see if I'm on the right track?
I got these results: GDX, HMY,ACOR, LIHR, MYGN, TSYS, OCN and of of course HMSY.
Thanks again.
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johnpaulca
12,036 posts
msg #72254
- Ignore johnpaulca |
3/9/2009 12:20:37 AM
Moby: these are pullbacks to the Booya BuyZone. LFG is a Booya buy, can you see the difference???
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Eman93
4,750 posts
msg #72348
- Ignore Eman93
modified |
3/10/2009 12:10:07 AM
karennma
- Ignore karennma 3/6/2009 7:34:01 PM
Actually, seems DUMB to buy FAS.
Seems better to short FAZ.
----------------------------------------------------------
The %'s are the same, the are ment to be the inverse to each other.
edit--
holy crap they are diverging-
FAZ down -4.71%
FAS up 2.27%
Thas seems very odd they usally dont vary more than a few tenths.
There was huge volume in FAS today must have overwelmed the underlying.
I wonder if you took half your money and bought FAS and then bought FAZ with the other half you could make a sweet 2% with very low risk. I will not try but will watch to see what happens. One of them needs to move 2.3% in the direction of the other. My guess is FAZ is oversold.
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karennma
8,057 posts
msg #72351
- Ignore karennma |
3/10/2009 7:59:48 AM
holy crap they are diverging-
FAZ down -4.71%
FAS up 2.27%
Eman
===============================================================================
That's what I mean.
Better to short FAZ, don't cha think?
;>)
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johnpaulca
12,036 posts
msg #72354
- Ignore johnpaulca
modified |
3/10/2009 8:59:56 AM
Like l said yesterday, something was not right with FAZ ...under the weather maybe (:
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johnpaulca
12,036 posts
msg #72355
- Ignore johnpaulca |
3/10/2009 9:07:40 AM
FAZ... wanted to hold overnight(short) but decided against it at the last minute, well it dropped another $6 in pre-market...shucks.
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karennma
8,057 posts
msg #72358
- Ignore karennma
modified |
3/10/2009 9:33:16 AM
Eman:
Check it out ...
FAS up .49 cents
FAZ down 15.77
:>)
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karennma
8,057 posts
msg #72359
- Ignore karennma |
3/10/2009 9:56:37 AM
OOOOOOOOoooo!
JP!!
shucks!!
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