Skip to main content

Analyzing Trades

Why I do my own chart interpretations, though I can be wrong too...But not 75% of the time
This article was published at 11:54 AM CDT Aug 1, 2018 (www.barchart.com)
Are you chasing green and red bars during the trading session and hading [sic]  most of what could be profits to your brokerage in commisions [sic]? Well, if you are a misdirected futures trader, the index futures can play havoc in a small trading account even if you are are with a futures only broker who give you $500/contract intraday margins. It is for this reason that we worked for years to develop a system that would eliminate the guess work from factors like earnings noise, the commotion from news and even tweets to help keep traders on the right side of the market. It is not witchcraft or black magic - just simple technical analysis. In last weeks forecast we informed you that we were heading lower this week. We did not say, probably lower or most likely lower, but simply that we are headed lower.
Here is our calls for today just a few markets should do it for you if you trade without over leveraging. Visit us at www.tradeguidance.com and fill out the contact form.
Partial list of instruments presented here:
PBG-73118
Results: 
ES: Never reached entry. 
YM: Entry never reached
RTY: Entry reached 8/2 about 3 am. Subsequent rally to 1685. This wold have been a loss
CL (Oil). the hardest of them all to trade. This would have been a short-term gain of about $1,.000, but if held, would now be a loss of $900. I guess $100 is better than nothing. 
Morale of the story. "it's on the Internet, so it must be true.

Labels:

Comments

Post a Comment

Thanks for the comment. Will get back to you as soon as convenient, if necessary.

Popular posts from this blog

California: A Model for the Rest of the Country, Part 2

Part 1 here . On Leaving the Golden State Guest Post by NicklethroweR . Posted on the Burning Platform. The fabled Ventura Highway is all that separates my artist loft from the beach where surfing first came to the United States. Both my balcony and front patio face the freeway at about eye level and I could easily smack a tennis ball right on to the ever busy 101. Access to the beach and boardwalk is very important to a Tourist Town such as mine and I can see one underpass from my balcony and another underpass from the patio. Further up the street are two pedestrian bridges. Both have been recently remodeled so that people can not use it to kill themselves by leaping down into traffic. The traffic, just like the spice, must flow and the elites that live here do not like to be inconvenienced as they dart about between Malibu and Santa Barbara. Another feature of living where I live would have to be the homeless, the insane and the drug addicts that wander this particular...
Post a Comment
Read more

Factfulness: Ignorance about global trends. The world is actually getting better.

This newsletter was powered by  Thinkr , a smart reading app for the busy-but-curious. For full access to hundreds of titles — including audio — go premium and download the app today. From the layman to the elite, there is widespread ignorance about global trends. Author and international health professor, Hans Rosling, calls Factfulness  “his very last battle in [his] lifelong mission to fight devastating global ignorance.” After years of trying to convince the world that all development indicators point to vast improvements on a global scale, Rosling digs deeper to explore why people systematically have a negative view of where humanity is heading. He identifies a number of deeply human tendencies that predispose us to believe the worst. For every instinct that he names, he offers some rules of thumb for replacing this overdramatic worldview with a “factful” one. In 2017, 20,000 people across fourteen countries were given a multiple-choice quiz to assess basic global literac...
Post a Comment
Read more

Proper way to calculate CAGR using T-Sql for SQL Server

After reading (and attempting the solutions offered in some) several articles about SQL and CAGR,  I have reached the conclusion that none of them would stand testing in a real-world environment. For one thing, the SQL queries offered as examples are overly complex or don't use the correct math for calculating proper CAGR. Since most DBAs don't have an MBA or Finance degree, let me help.  The correct equation for calculating Compound Annual Growth Rate (as a percentage) is:  Some key points about CAGR:  The compounded annual growth rate (CAGR) is one of the most accurate ways to calculate and determine returns for anything that can rise or fall in value over time. Investors can compare the CAGR of two alternatives to evaluate how well one stock performed against other stocks in a peer group or a market index. The CAGR does not reflect investment risk. You can read a full article about CAGR  here .  To calculate the CAGR for an investment in a language like ...
Post a Comment
Read more