tag:blogger.com,1999:blog-33878430.post1673918550236400336..comments2024-03-12T02:43:06.173-05:00Comments on The Market Speculator: The "Throw Up" Trade Produces My Greatest Trading DayThe Market Speculatorhttp://www.blogger.com/profile/15108816250543774083noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-33878430.post-86956248181293882392007-08-24T23:51:00.000-05:002007-08-24T23:51:00.000-05:00He was just lucky the fed steped in had nothing to...He was just lucky the fed steped in had nothing to do with ta. That day the market was down 100 points pre market and would ahve tanked 500point more had the fed not steped in plain and simple. what he did was through the dice sometimes you win big sometimes you lose.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-33878430.post-15264439045517093982007-08-19T19:36:00.000-05:002007-08-19T19:36:00.000-05:00Carmichael, I meant to say MACD crossover not RSI....Carmichael, I meant to say MACD crossover not RSI. On extreme oversold or overbought conditions, I wait for the MACD to cross. I use 15-minute charts with a 15 SMA. Once I see the MACD cross, I'll place a buy-stop at the 15 SMA. I don't buy right away because most of the momentum stocks I trade reverse very quickly, leaving a $2-5 gap at the point of the MACD cross-over. I'll stay patient Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-33878430.post-14199356483047112442007-08-19T11:43:00.000-05:002007-08-19T11:43:00.000-05:00I was not looking at RSI crosses. I made most of m...I was not looking at RSI crosses. I made most of my trades after I saw that the Dow was -300 and sentiment readings were at extreme levels.The Market Speculatorhttps://www.blogger.com/profile/15108816250543774083noreply@blogger.comtag:blogger.com,1999:blog-33878430.post-9256311128958508972007-08-19T11:41:00.000-05:002007-08-19T11:41:00.000-05:00This comment has been removed by the author.The Market Speculatorhttps://www.blogger.com/profile/15108816250543774083noreply@blogger.comtag:blogger.com,1999:blog-33878430.post-2970695209532288072007-08-18T21:12:00.000-05:002007-08-18T21:12:00.000-05:00TVH can you elaborate on the RSI crossing?TVH can you elaborate on the RSI crossing?skyconditionhttps://www.blogger.com/profile/14901343569278273244noreply@blogger.comtag:blogger.com,1999:blog-33878430.post-76214037666913897422007-08-17T18:53:00.000-05:002007-08-17T18:53:00.000-05:00Nice trades! I don't know when placed your trades...Nice trades! I don't know when placed your trades but many of those momentum stocks put in an intraday double bottom, yesterday. If you wait for the RSI to cross, you can usually expect another dip, testing the first bottom. This offers a low-risk entry, a trade I love to take. If you traded the first dip, then you were lucky, if it was the second, nice trade! In any case, you made money so Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-33878430.post-67639590633969912912007-08-17T17:18:00.000-05:002007-08-17T17:18:00.000-05:00Wow. You got guts. Thursday really started to fe...Wow. You got guts. Thursday really started to feel like Black Thurday.<BR/><BR/>Today was a good day too. Hopefully the bottom is in and we are on the way up aga<BR/><BR/>If you have a chance, tell me what you think of AKAM.rghttps://www.blogger.com/profile/17659278979865290808noreply@blogger.com