Getting ready to build cases for a bottom

cfayahoo

luckystar2006 发表于 2015-12-16 09:47 AM
Based on my past experience and assuming my guess is right, market will re-test 2042 level sometime  ...

haha, I was waiting for your post whole morning! Was wondering why market is so strong last two days and this morning? Maybe FOMC minutes was leaked? lol

luckystar2006

cfayahoo 发表于 2015-12-16 09:49 AM
haha, I was waiting for your post whole morning! Was wondering why market is so strong last two da ...

I was BUSY getting rid of bitcoins.....  Bought them ~340 on November 26th and sold 95% of them ~450.

cfayahoo

luckystar2006 发表于 2015-12-16 10:01 AM
I was BUSY getting rid of bitcoins.....  Bought them ~340 on November 26th and sold 95% of them ~4 ...

You need to post more to let us make money along with you,

luckystar2006

2042 is almost there....

cfayahoo

luckystar2006 发表于 2015-12-16 10:40 AM
2042 is almost there....

Keep pushing down!! Today will be very interesting! 2PM FOMC report, 2:30 Yellen will speak!!

luckystar2006

I can smell a lot of fears within market through TRIN

cfayahoo

luckystar2006 发表于 2015-12-16 11:14 AM
I can smell a lot of fears within market through TRIN

2042 , 2042, 2042!!!

luckystar2006

Just like I said, market will re-test 2042 sometime today, tomorrow or Friday and it DID before it shoots up higher during Fed announcement.

luckystar2006

At this moment, all of my short-term signals are confirmed on the upside.  The question is do you dare to go all in at this moment?  If you don't, then when and what is the perfect entry point to go in?  I wish I can tell, but I don't have an answer for now.  The only thing I can say is that based on my analysis and experience, VIX will touch lower BB (as seen in red circle) WITHIN 2-week.  That means market will go higher for that to happen.

georgeyn

thanks for the update!

xiaoxiao08

thanks.

ysc

newyorker

Hello luckystar2006, could you please use your signals to evaluate CHK for me? I have a big stack in it, and I am in big big loss, I wonder when it will back up.

luckystar2006

newyorker 发表于 2015-12-16 06:29 PM
Hello luckystar2006, could you please use your signals to evaluate CHK for me? I have a big stack in ...

I'm so sorry to hear about your loss, but frankly speaking there is nothing much I can do to help you out.  That's because my signals aren't just based on using common indicators (that you can use to perform technical analysis on stocks) to perform technical analysis on market, but also using tons of market breadths and other stuff that advance traders must use to trade successfully.   So, what you are asking me to do is like asking a guy with a regular driver license like me to drive a big commercial truck without any expertise.

Anyway, I try my best to use my TA knowledge to analyze CKH and I see 2 worst problems with it.  First one is that energy sector has been underperforming market for almost a year and half now.  An experience trader/investor would certainly avoid to trade stuff that is underperforming others because of higher risks.  The second worst part of CHK is that it's underperforming energy sector (see weekly chart in below) which is another headache for you.  For now, there isn't any much you can do except holding onto it.  Daily chart shows it's currently oversold, but the problem with oversold thing is that it tends to get more oversold.  The only thing that you can hope for is that stock market going to do well for next few months, which might pull up energy stocks along with it.

Right now, I don't see this stock building a base so that it can make higher lows and higher highs.  I assume any rally over next few days/weeks/months are just a dead cat bounce.  Good luck with your trades

newyorker

Thanks a lot luckystar2006. It is a painful trade, a big lose.

luckystar2006

newyorker 发表于 2015-12-16 11:24 PM
Thanks a lot luckystar2006. It is a painful trade, a big lose.

Well, it happens to everyone including me in my early years of trading.  One loss trade after another and so on for years until the point where life was up-side-down and everything seemed to be quite negative.  You know how I survived after those years of trading?  I kept going over and over my mistakes, reading every trading book that I could in bookstores or from the internet.  Follow any blog that I aware of to see if I could learn anything from them.  I even lived in a cheap basement for few years while working for a full-time job and spending every evening including long weekend/holidays until 2am (I had to get up at 8am to go to work) to study, research and manipulating data to build those reliable short-term signals.  My ex-gf left me after 3-year together because she couldn't stand my stressful life style with tight budgeting and etc....

Overall, it's a very tough, long and challenging road to get to where I'm today.  Some people think that I'm lucky to make profits from trading, but what they didn't know is that luck plays a smart part of it.  My hard-working, experience and skills are key elements that help me to succeed.

The bottom line is don't get too emotional to attach to a trade.  You've to learn your mistakes and master your skills if you want to succeed with trading.  Good luck.

cfayahoo

luckystar2006 发表于 2015-12-17 01:09 AM
Well, it happens to everyone including me in my early years of trading.  One loss trade after anot ...

You work so hard, still up at 1am!?

newyorker

luckystar2006, thanks. I wish  your trading to be very successful going forward.

luckystar2006

cfayahoo 发表于 2015-12-17 09:19 AM
You work so hard, still up at 1am!?

I'm a late night owl.  I got to hunt rats/rabbits/squirrels for foods so I won't sleep with an empty stomach

Joking aside, I think a Santa rally is pretty much in the store right now.  Once, swing signals from Stockcharts and/or other trading platforms trigger a buy, I'll go in with ~30% of my portfolio to purchase calls option & 40% to purchase SPXL.  For now, I'll just stay nimble while watching for signals to work out by themselves.

xiaoxiao08

luckystar2006 发表于 2015-12-17 09:50 AM
I'm a late night owl.  I got to hunt rats/rabbits/squirrels for foods so I won't sleep with an emp ...