Quote from: bikefront on November 13, 2018, 04:15:51 AM

Quote from: NotFromReddit on November 13, 2018, 02:36:05 AM

Quote from: bikefront on November 13, 2018, 01:15:08 AM

Nope. I think the low's been seen already for the month, for the Dow at least. December is a turning point for some, but we'll see what he says. I use his general trend thesis stuff, but I don't rely on him.

Made a few trades and lost almost on everything. Shorted the real estate high which made up for all the losers, plus a decent gain. Came close to shorting the CMG high but decided not to open the trade Sad

Cut losers, run winners, is how you win the game. Set alerts where the highs/lows should be, then open the trade where the algos trigger stops- that is, where your stop would be is actually the entry because that is cases is where they overextend into a reversal. Although it doesn't have to be. Armstrong's stuff isn't bad I think, but if one doesn't see the trade, there's no need to go after it. Supply and demand trading is where it's at, seriously. The 2016 consolidation highs of MMM can be drawn on the chart straight across. That was the recent volatility's low where I had set an alert. Some stocks will have an incredibly obvious bounce point, and MMM was one of them. During volatility, I try trading those super obvious and untested major spots. If it hasn't been tested, it shouldn't simply break through on its first try, it should have a bounce. Managed to catch the bottom. Sold it too quick, but you get the main point though. If XLU gets to 56.22, that should be a good short area and go down to about 55.3, for example. Google should bounce at slightly over 900. My trading style is different so I only go after the Armstrong ones when I understand the technicals involved on my own charts.

Are you up or down for 2018? (YTD performance)

Breakeven actually Sad

still learning a lot of things, but getting better I hope. It's not easy

I am still at a loss as I also made some stupid mistakes and risked to much. I trusted Armstrongs posts to much and then when price went the other way I would just hold on because he said it was likely to reach price X so I held on longer and then when he would finally post something again he would say price rejected some technical level or reversal (that he had not mentioned before) and now its going down and I was stuck with a big loss.

What I have been doing lately is just combining what I know from price action and use the reversals and arrays as confirmation. I also place my stops at swing points and other technical levels

Lesson learned.