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RE: 7/27/17 Trade log for TradersChoice trades for the week starting 7/27/17

in #greg7 years ago

I can't think of anything to refer you to as most technical analysis books advocate moving averages, volume stats, chart patterns, and I don't believe any of that is important. Just price. Because price is determined by what you are willing to pay at any given time...the "true" gauge of the ave guy's estimation of value at any given time. So try and concentrate on using only technical indicators that measure sentiment. RSI is a powerful one. If actual price is making a higher high, yet the RSI readings are coming in at a looower high reading...that is a sure sign that "buying power" is fading fast. Look at the oil short I outlined today based on the current 10 day chart of oil tracking ETF USO. Notice the higher highs in price today, yet look at the loower RSI readings as this new price high is being printed. Learning to master RSI alone can save you from an ass kicking! :-0 So why not start there?

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=uso&x=67&y=12&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

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We've been seeing these type moves all over the place...and everything keeps ripping higher and higher. I know "someday, week, month, year" its going to crash hard. Maybe from much much higher levels.

Has it? Tell that to the guy who tried to help Tessie with her weight issues in the past. Rippin til you get your "face ripped off!" ...like Greg would say. Do you think the guy who "heeded" my GOOGL advice as outlined on my shits n GOOGLes blog is excited about his purchase above $980 right now? That's why it's impotent that my message is herd. Why should you get your ass kicked if you don't have to? I bet you think tehre is noooo waaay I can spalunk Price Lies, Netflix, or FacePlant like what just happened with AMZN, GOOGL, and Tessie...do ya? But back to the topic. Nobody's making any chachingo unless you got in "before" the rally started, and held. Here's my call to buy the Q's.

https://steemit.com/qqq/@joejustjoe/7-5-17-qqq-trade-blog

7/5/17?!! Tell me why you are not in and holding...and "happy!" as I never did say to sell the Q's since. :-0 It's your ooown fault that you are miserable...nobody else's. :-)