nikoschopen
2,824 posts
msg #59019
- Ignore nikoschopen |
1/16/2008 2:28:02 AM
While this market is completely predictable (for now), who can afford to get caught with one's pants down when Bernanke & Co. comes out with its own Greespan-certified "surprise! surprise!" emergency rate cut? As for me, been there and done that, and I ain't repeating the same mistake. I'm not implying that this will be the case, but for some reason, I have a nasty feeling that this just might happen more sooner than later.
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maxreturn
745 posts
msg #59025
- Ignore maxreturn |
1/16/2008 8:20:55 AM
johnpaulca....Nice chart of gld. Would you consider sharing what your settings are on the longer term bollinger bands (green) and what your buy/sell indicators are?
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johnpaulca
12,036 posts
msg #59029
- Ignore johnpaulca |
1/16/2008 10:00:28 AM
MAX...I use CBB, that's the acronym for crazy bollinger band, crazy because my parameters don't make any statistical sense....I have learned how to trade it with good success. This is my holy grail because it works for me.
Parameters: Bollinger Band(40,0.4)
BUY: MACD(7,12,3)
SELL: MACD(5,3,3)
I use the MACD only for divergence/convergence trends.
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nikoschopen
2,824 posts
msg #59031
- Ignore nikoschopen |
1/16/2008 10:47:58 AM
Covered half position GLD @ 87.06
Look to re-enter at 87.50 or above.
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johnpaulca
12,036 posts
msg #59033
- Ignore johnpaulca |
1/16/2008 11:28:19 AM
GLD....covered@86.50
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nikoschopen
2,824 posts
msg #59036
- Ignore nikoschopen |
1/16/2008 11:34:19 AM
Remember ESRX? Whoever downgraded this stock will be fed a poison pill.
BTW, why don't these idiotic analysts downgrade their own stock for once? $20 Billion write-off isn't exactly a household chore, is it? I didn't think so. But the market behaves just as these idiots think it should.
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johnpaulca
12,036 posts
msg #59037
- Ignore johnpaulca
modified |
1/16/2008 11:45:35 AM
Niko...I bailed with my profits from ESRX this morning. With such uncertainty in the market I take profits when I get it...don't wanna be a hero.
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nikoschopen
2,824 posts
msg #59040
- Ignore nikoschopen |
1/16/2008 12:59:45 PM
Reentered short GLD @ 87.55
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maxreturn
745 posts
msg #59051
- Ignore maxreturn |
1/16/2008 8:45:08 PM
Thanks Johnpaul!
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13th_floor
724 posts
msg #59061
- Ignore 13th_floor |
1/17/2008 9:34:04 AM
long destroyed IQW .26
Beer $$$$$$
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