Tuesday, February 9, 2016

Feb 08, charts for day trading

Trades triggered when channel lines touched by price bar.  I may/will change out charts as the week progresses so check back during the week:

RWM

IWM:


GL Traders

Friday, February 5, 2016

Feb 08, 2016 weekly outlook

Do we get the bottom (ICL - Intermediate Cycle Low) this week?  That is what I expect as the 9 month bottoms along with the shorter embedded cycles.  There is a potential of longer cycles also bottoming during Feb-Mar time span (covered in previous posts.

 

GL traders

Tuesday, February 2, 2016

Feb 02 short term trades

An example of my short term trading (selling RWM then buying IWM):


By trading this way you can remain invested and remain market neutral.  Your gains will be small (1-2% per trade) but with 4-5 profitable trades a month you should net 6-10% a month.  Over a year you end up with nice gains...  Notice I use stops to avoid big losses, and this cuts into gains, but avoids big losses.

With indexes stop losses are effective because unlike stocks rarely do you get large gaps down.

Feb 4, 2014:
 
Bought back in 10:35

sold around 3:00 PM EST

Bought IWM Feb 5 around 10:50 am EST




Saturday, January 30, 2016

Feb 1, 2016 outlook

An intermediate cycle low may have been reached  this past week (2-4 weeks earlier than projected).  If so I will need to make adjustments to my placement of cycles...  Time will tell.  So be aware we may have had an intermediate cycle bottom around the third week of January.  For now I am still expecting another bottom by/after mid February (and this is how I display it on my charts).


 


GL traders

For day traders:




Friday, January 22, 2016

Jan 25, 2016 weekly outlook

Three of 4 cycles down on chart.  Also longer cycles (3 1/2 and 7 years) set to bottom in about 6 weeks.  Past week ended up as 2 shorter cycles managed to overcome down side pressure.  Expect the sell down to resume next week (and continue past that until longer cycles bottom).  We have a lot of down and up volatility to trade.



So far have managed to do OK with short term trades in 2016. Past week was not great, less than 1% gain, but have a small position at week end in RWM that I feel positive about. 

Short term charts to help short trades:
 

 
 

 

Good luck traders

.

Thursday, January 21, 2016

Tuesday, January 19, 2016

Jan 19, 2016 weekly outlook

A four day week, relax Monday because no market meltdown in the USA. 

Appears we may have a couple more down days as we get a short  cycle bottoming and given a market that seems to want to fall doesn't take a lot of down side pressure to take the market down.

Notice the longer cycles are down and will not bottom until around the end of February - almost 7 years from the bottom in 2009 (7 year cycle):


GL traders.

For Day trading:
 
 
 

 
 

 
Good Luck day  traders