Question about moving averages

Discussion in 'Technical Analysis' started by KGTrader4, Sep 5, 2022.

  1. KGTrader4

    KGTrader4

    Initially, just Q’s, SPY, and more so, the 11 Sector Spyders
     
    #31     Sep 6, 2022
    easymon1 likes this.
  2. KGTrader4

    KGTrader4

    I should add, SQQQ as a short, which is the onky thing I own in my trading account right now, bought this morning.
     
    #32     Sep 6, 2022
  3. zdreg

    zdreg

    #33     Sep 6, 2022
  4. %%
    %%
    THAT'$ life; i use a 50dma also .
    but it turns into a 50week moving average , depending on data providers.
    Female asset manager uses 30 day ma , but she[ single ma, maybe ] lives in TX.
    I ain't ready for the junkyard yet;
    I feel like a new Corvette:caution::caution: G Jones song = I Don't Need your Rockin' Chair or or Your Medicare> 1 million video Views
     
    #34     Sep 6, 2022
  5. easymon1

    easymon1

    To get an idea of what page you're on these days, KGTrader,
    _For these QQQ, and SPY charts,
    Based on these weekly charts alone,
    where would you advise a busy client (yourself) to:
    1) Buy or sell to enter?
    2) Exit

    _For these QQQ, and SPY charts,
    Based on these weekly charts alone,
    How many trades were taken over the last 1 year period?
    What positions would this client be in currently, based on these charts alone?

    qqq 2022 0906 Wk.png spy 2022 0906 Wk.png
     
    Last edited: Sep 6, 2022
    #35     Sep 6, 2022
  6. KGTrader4

    KGTrader4

    I assume the blue line is the 200 day MA? Don’t know what the orange sloping lines are, doesn’t matter.
    Based on a quick glance, one trade this year, in April, on both , sell.
     
    #36     Sep 6, 2022
  7. easymon1

    easymon1

    Yeah, those lines are not for the purpose of this discussion, ignore them.
    -
    KGTrader4, IN HINDSIGHT (that's fine here):
    1) AFTER which
    of the April weekly candles below, 1,2,3,or 4,
    would you have called your client to say
    "Hi moneybags, You have 100K sitting over here, let's put it to work for you."
    "Based on a Weekly Bar Chart, We are going to sell to enter,
    for multi-week or even multi-month hold periods,
    the spy and
    the qqq etf products.

    2) I recommend we place
    a) (how much?)- percent in the spy and
    b) (how much?)- percent in the qqq.

    Ok, moneybags, you're in.
    Well put the rest of that to work soon as something opens up.
    D) Are you good with trading SQQQ/SOXL on a daily bar chart for 2 to 10 day holds?
    30m) Are you good with trading SQQQ/SOXL on a 30minute bar chart for 2 to 10 day holds?
    5m) Are you good with trading SQQQ/SOXL on a 5minute bar chart for intraday to 5 day holds?
    Could you repeat please moneybags, somebody just interupted with a candygram over here...

    3) Which of the SQQQ/SOXL scenarios are you good with?
    -
    1) AFTER which
    of the April weekly candles, 1,2,3,or 4,

    2) place
    a) (how much?)- percent in the spy and
    b) (how much?)- percent in the qqq.

    3) Which of the SQQQ/SOXL scenarios are you good with?

    qqq 2022 0906 Wk98.png spy 2022 0906 Wk98.png
     
    Last edited: Sep 6, 2022
    #37     Sep 6, 2022
  8. KGTrader4

    KGTrader4

    assuming I understand , you mean after which candle would I short….
    1.After the third candle.
    2. 100% in QQQ as it’s a trade and I want the volatility
    3. Don’t understand the third question.

    of course this is all theoretical since I never shorted or traded for clients.
     
    #38     Sep 6, 2022
    easymon1 likes this.
  9. easymon1

    easymon1

    What can you tell us about your intent going forward concerning the SQQQ?
     
    #39     Sep 6, 2022
  10. easymon1

    easymon1

    so After the third weekly qqq candle inside that 'April box' the next candle entry would have been a shade above 323?
    Why there?
     
    #40     Sep 6, 2022