Trading Index Futures Based on Technical Analysis

Discussion in 'Journals' started by expiated, Apr 5, 2020.

  1. expiated

    expiated

    About 25 minutes into Thursday's New York session TDOC is selling at $168.31 and EVGB is selling at $114.73.
     
    #21     Apr 16, 2020
  2. expiated

    expiated

    Thursday / April 16, 2020

    Still no new stocks to add to my make-believe portfolio.

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    #22     Apr 17, 2020
  3. expiated

    expiated

    The Dow Futures "Change of Bias" level has pretty much remained the same since Wednesday (23675.87). However, today the take-profit level rose up to 24350, so the index would have to climb back up to that price to justify reentering a long position.
     
    #23     Apr 17, 2020
  4. expiated

    expiated

    Friday / April 17, 2020

    Dow Futures.png

    TDOC (currently at $173.27) could have been sold today for a 12% gain over the purchase price of $154.13, but at $119.89 EVBG is still rising in value. There is one stock however, INO, that can be added today...

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    Last edited: Apr 17, 2020
    #24     Apr 17, 2020
  5. expiated

    expiated

    Okay...that's enough of this. I'm satisfied that the index futures chart setup I'm using provides the guidance I would need were I to return to trading these instruments, and it appears the stock screen I'm using is indeed the one I was pleased with last year.

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    Now I simply need to record this information in about three different places to make sure I have no doubt in the future that these setups were the ones I settled on.
     
    #25     Apr 20, 2020
  6. expiated

    expiated

    Thursday, April 23, 2020

    Not only have I now solidified my Forex chart configurations, I also just deleted all my old stock screens save for the one I began using last year to select stocks that could help me get around FINRA’s rules against pattern day trading, and the one I would use to pick those stocks in which I might consider investing.

    Speaking of the latter, were I to compile a portfolio of equities, it would likely include those listed below, which I would generally buy and hold, but would actively trade in the same manner as I was monitoring the major indices the last couple of weeks, converting to cash any that fell below a certain threshold and buying them back when and if they climbed back above it.

    The securities are: MAS, ICE, INFO, AEE, WEC, ELS, EVRG, REXR and AQN.
     
    #26     Apr 23, 2020
  7. expiated

    expiated

    Friday | September 23, 2022 | 4:30 AM PST

    Had I been using Numerical Price Prediction (NPP) at the time, I probably would have started investing heavily in the U.S. stock market sometime around March or April of 2009. That would have been quite an opportunity.

    But that was then, and this is now.

    Ignoring what I understand to be the conventional definition of a bear market as when "securities prices fall 20% or more from recent highs amid widespread pessimism and negative investor sentiment," NPP would have recommended I lock in any gains I enjoyed thanks to investments in equities sometime between the middle of January and the beginning of April this year.

    Accordingly, I view the present set of economic circumstances as a potential second opportunity (since I began paying significant attention to such things) to get in at the end of an extended bear run, and now plan to begin checking my long-range charts on a monthly basis so as to "hop on the train" when my Numberical Price Predication configurations tell me it is time to do so.
     
    #27     Sep 23, 2022
  8. expiated

    expiated

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    The U.S. indices satisfied my personal defining measures for a bear market five months ago!
     
    #28     Sep 27, 2022