Optimum times to enter stocks that are moving is when they pop or pullback contra or with the real trend. The risk is minimal when you can time it right. Your job is to wait for it to tell you it is time by the way they move. In each case set the stop just under the range of the previous candle.
1st chart NZ pullback after big pop2nd chart NZ running away now, we are way ahead of the crowd
TNA popped a bit after showing much weakness
TNA resumed its downtrend
money is being made with almost no risk involved.
TZA pulled back after moving higher strongly
Stop was sniffed at but not hit, TZA lifting again. We are sitting pretty.
3 comments:
here is what is amazing, your ability to get these tight stops and time the entry correctly. i have switched primarily to the 15min charts to slow down time and lessen the amount of signals. the downside is, i usually have wider stops.
if i was trading TNA 5min i see a great entry at 11:40 on the chart. what made you wait until 12. did you try the 11:40 and get stopped out? did the 15min give you some clue? was it overall market action?
same questions on TZA, why not go for the 11:40?
thanks
J- I was short TNA which felt like the strong trend up until then, then covered and went long, feeling that this was only a little up trend. When it started to falter it was easy to see from the way it moved in relation to TZA( where I was trading it in the opposite direction) and QQQQ.
I did a screen capture because it was very clear to me and I thought it would be a worthwhile post.
Think of the way stocks move as like how a ball bounces- when you bounce it first time and it goes up, you can see it slowing down, resting at the top, then start downwards. You are taking the velocity and trajectory into account and saying to yourself - the ball is coming down. Its the same for me with stocks although I also have thoughts that this is not 100% certain and I have to consider my plan of action if it does the opposite.
ok. gotcha. nice analogy. infinitely shorter and shorter bounces until the ball stops bouncing all together. when the momo is gone, back to the trend.
you know what else is neat, i was looking over the chart and it seems like the bounce is 3,2,1 almost like the height of a ball bouncing 3 feet, then 2 feet, then 1 foot. you have 3 green counter trend candles on the first bounce at 11:25, then 2 green candles, and then 1 green, possibly 2 if you count that real small green doji (it's an art, right,lol). but it shows the bouncing aspect until the momo is dried up. not something i think works most of the time, but just neat to see in this instance.
Post a Comment