Edit:The UO is still rising on XLF, GS and JPM on the daily. I thought that all the indicators had to agree to be a hit? I changed the UO Line Style to Bars. It makes it much easier to see the trend. Of course, you can just compare values by moving your cursor if almost flat. Just my 2 cents FWIW...
I think the daily is the best one to use, but then I look at the hourly afterwards. If the hourly is going against the daily, I'll just keep watching until the hourly comes around.
Also PEP (PEPSI) looks like it's going to break out.
It has been in an uptrend and building support along the way. It has formed a bullish flag and wedge pattern on the daily and weekly chart and has been in support and is about ready to break our massively above the wedge pattern and 50 MA. The HMA lines and MACD lines are crossing on the daily and almost on the hourly. It looks like a very good long play for calls within the next day or so.
It was a hit yesterday. Today it went below the EMA and is thus not technically a hit. If I was in it yesterday it wouldn't bother me, but if not entered yet I'd wait.
But the hourly ended as a strong buy, so I'll be looking at this first thing in the morning!
Yeah, it moved back down, but hopefully it will still move higher.
Definitely. I also looked at JCP and M. Gregory said he got in those yesterday. I am in JCP but today I will try to get into M if it keeps looking good! Might wanna check those out too!
At the moment, these all look very bad :( I can see that they looked good yesterday though. JCP looks ok to me, as a hold but not strong enough to buy.
Nice! JCP looks like it might be a good buy too. Maybe any hour now. In looks like the daily chart is lining up with the hourly!
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ReplyDeleteEdit:The UO is still rising on XLF, GS and JPM on the daily. I thought that all the indicators had to agree to be a hit? I changed the UO Line Style to Bars. It makes it much easier to see the trend. Of course, you can just compare values by moving your cursor if almost flat. Just my 2 cents FWIW...
ReplyDeleteThe hit on the daily was from the day before, and then the hourly came around today. If you didn't like it based on the UO, then that is fine.
DeleteI take a flat UO as good enough, especially if, even if it's lower than yesterday, higher than 2-3 days ago.
I thought the system was only applicable on the daily?
ReplyDeleteI believe it is applicable at all time points.
DeleteI think the daily is the best one to use, but then I look at the hourly afterwards. If the hourly is going against the daily, I'll just keep watching until the hourly comes around.
Also PEP (PEPSI) looks like it's going to break out.
ReplyDeleteIt has been in an uptrend and building support along the way. It has formed a bullish flag and wedge pattern on the daily and weekly chart and has been in support and is about ready to break our massively above the wedge pattern and 50 MA. The HMA lines and MACD lines are crossing on the daily and almost on the hourly. It looks like a very good long play for calls within the next day or so.
Thanks for the tip! I'll check it out.
DeleteIt was a hit yesterday. Today it went below the EMA and is thus not technically a hit. If I was in it yesterday it wouldn't bother me, but if not entered yet I'd wait.
DeleteBut the hourly ended as a strong buy, so I'll be looking at this first thing in the morning!
Yeah, it moved back down, but hopefully it will still move higher.
DeleteDefinitely. I also looked at JCP and M. Gregory said he got in those yesterday. I am in JCP but today I will try to get into M if it keeps looking good! Might wanna check those out too!
At the moment, these all look very bad :( I can see that they looked good yesterday though. JCP looks ok to me, as a hold but not strong enough to buy.
Delete