Trading Plan for May 01....

luckystar2006

trend 发表于 2016-5-2 09:48 AM
Lucky, how high you expect this re-bounce be?

I've no idea how high this rebounce will go.  All I know, according to this below chart, is that this rebounce lacks momentum strength because upper BB is still way up above (i.e. blue circle.)

Right now, I'm struggling whether or not I should hold any position as I'm going to fly to China on this Thursday.  I guess there shouldn't be any problem to access Stockcharts and my trading accounts there, but what if...???

Trust me or not, I strongly believe market will have a big drop within weeks for mid-term outlook.   Also, seasonality is weak for summer season which adds more weights to bulls in mid-term time frame.  So, be careful.

补充内容 (2016-5-2 10:08 PM):
Thanks

trend

luckystar2006 发表于 2016-5-2 10:52 AM
I've no idea how high this rebounce will go.  All I know, according to this below chart, is that t ...

thanks for reply, feel this time will be some different from last year, head may take time to confirm back and forth. good trip to china and take it easy on trading...

luckystar2006

In my humble opinion, a) there was a volume surge (i.e. green circle) on last Friday, which I think market is likely going to close in green today and b) everyone is watching MA-20 closely because bulls are having a tough time to break above for few times so far today.

As for me, I don't see any solid signals to trade yet, while I try to avoid catching those small fishes as much as possible.

luckystar2006

I also forgot to mention that C) seasonality indicates today (i.e. first trading day in May) is likely a green day.

luckyfox

luckystar2006 发表于 2016-5-2 11:06 AM
I also forgot to mention that C) seasonality indicates today (i.e. first trading day in May) is like ...

谢谢老大，如果周五是局部的底，那么紧跟着的两天会往上冲，但是今天的上涨力度真的太弱了！2074这个位置非常关键，被压制了好几次，如果今天不能收在这个上面。那么后面对上涨空间就有很大限制！

luckystar2006

WATCH THIS: whenever this signal crosses above center BB, there is a LOWER LOW AHEAD (i.e. red squares).

luckystar2006

Let's see....

BTW, I just bought some PUTs for swing trade.

风行过

luckystar2006 发表于 2016-5-2 01:04 PM
Let's see....

BTW, I just bought some PUTs for swing trade.

that quick to cross above the middle BB? not wait for two more hours?

oldpigwang

luckystar2006 发表于 2016-5-2 10:52 AM
I've no idea how high this rebounce will go.  All I know, according to this below chart, is that t ...

I think sizable drop should  be at late May/ early June for Jun Fomc.

Early May we may have a range sideway 做顶 过程。很没劲。

wreckbeach

luckystar2006 发表于 2016-5-2 01:04 PM
Let's see....

BTW, I just bought some PUTs for swing trade.

what is your puts' strike price and expiry date?

thank you very much.

xiangcaohello

thanks for sharing!

trend

stronger than expected, still very bullish, have to see tomorrow,

luckyfox

trend 发表于 2016-5-2 02:49 PM
stronger than expected, still very bullish, have to see tomorrow,

周五反弹15点，今天反弹15点，两天一共反弹30个点。这样的力度，明天估计会CONSOLIDATION。然后后天再往上拔一根阳！

trend

luckyfox 发表于 2016-5-2 02:53 PM
周五反弹15点，今天反弹15点，两天一共反弹30个点。这样的力度，明天估计会CONSOLIDATION。然后后天再往上 ...

who knows! they play whatever they want

HappyMoney

Today retraced 50% from 4/22 high to Friday low. Maybe it will carry a little into tomorrow to ES 2082, then back down. Just guessing.

Hutong9999

luckystar2006

Sweet.... I'm going to take my profits off the table and then, I'll run around downtown Toronto like a duck to deal with errands.  I probably won't be able to get any time to post during intraday market today.

Hutong9999

qzhou3

luckyfox

luckystar2006 发表于 2016-5-3 08:12 AM
Sweet.... I'm going to take my profits off the table and then, I'll run around downtown Toronto like ...

谢谢老大的分享