19-11-07 : Down Jones

How to trade the Dows?

using channel trading, 30mins chart.

30mins chart
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daily with MACD
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daily with S/R
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19-11-07 : AAPL wait for trendline down

Can still play AAPL, much like RIMM and GOOG, using Channel trading way. If drop after it fail to break channel up, then go for a short position in CFD.

19-11-07 : GS short term setup

As i said, GS's trend strength is weak now, and anytime it can reverse anywhere.

Its not safe for a swing or position. For day trade however, there's still a way.

Using 15min, we can establish a temp channel, and using channel trading technique
(much like the box theory, modified by myself), we can still profit from
the short term move.


If its above 228, we go for call. If it drop below from upper trendline, we go for put.

Call
----
price = 228
target = 238($10)
cut = 226($2)
risk:reward = 1:5

Put
---
price = 224
target = 216($8)
cut = $226($2)
risk:reward = 1:4

Its still possible to profit from GS using this setup.

GS 15min chart with channel
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19-11-07 : GS's trending strength

ADX is used to measure a trend's strength. If its above 20 and rising, the trend is established in 1 direction and confirmed. If its less than 20, or droppping, means the trend is slowing down, or reversing.

In the case of GS, there's 2 periods the trend is strongest. But now its back to 20,
indicating the market is uncertaing where GS will go from here. We need to wait and see.

GS daily with ADX
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GS daily with MACD
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19-11-07 : RIMM's dilemma

This is one typical example of indicator conflicts.

MACD suggest put.
MA20X50 suggest put.
Bollinger suggest call.
Box theory suggest call.
Channel trading suggest wait for put.

We will see which indicators prevail.

:)

19-11-07 : RIMM needs to wait for put

(1) Bollinger band shows the recent cdls are too far low.
(2) $100 level is a strong support.

I dont advocate put. How about call? Nono. No confirmation for reversal.
Bullish harami (a small white inside a big red cdl) is not a strong confirmation enough to convince me.

30mins chart suggested RIMM is in the verge of breaking up, but still contained within the box (channel).

However, Daily MACD already drop below 0, and Price is just below MA50. Can go for a hot, wet blanket Put (from Toni Turner's strategy setup).

Wait for a drop from the upper channel line for a put. If not, wait.

daily chart with Bollinger Band
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daily chart with MACD, MA20X50
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30min chart
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19-11-07 : GOOG may reverse up, may not

How to predict the next move of GOOG ?

I choose to use 30 days 30mins chart, and create a channel to fit in all downtrend
prices of GOOG so far.

It fits, so far. However, GOOG may want to break the channel out. If it does, then its reversal to the upside. Is this method accurate? We will see.

GOOG 30days 30mins chart
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