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GLD W https://invst.ly/14wc9e
COIN W https://invst.ly/14wcba
Anavex...the case for 9.93
AVXL W Log https://invst.ly/14vg57
Nice pitchfork useage.
Spider...the case for 570
SPY W https://invst.ly/14u-od
Cubes...the case for 500
QQQ W https://invst.ly/14u-fm
475 by 07/01 Alternate model
QQQ W https://invst.ly/14udjl
Peter Brandt is considered a market wizard. Yet, by his own admission his trades lose almost 60% of the time. That said, over the last 29 years Peter's average annual gain is 42%. How can that be????
“I view myself as simply the person who executes my trading plan. My job is to enter orders, to manage my order flow, to manage the risk I take on trades, and I’ll let the markets do what they do. I have no control over the markets.”
Ok, so how do we copy Peter’s strategy and follow in his footsteps to riches? Not so fast…
“Everybody has to find out what their sweet spot is, what approach to the market resonates with them and makes sense. Because I do believe that every successful trader will find his or her own path to trading. No two successful Traders that I’ve known (and I’ve known a lot over the course of my career) trade markets the same way. They each find their own way.”
Don’t be discouraged. While Peter says no two Traders trade alike (hint: there is no holy grail), he has observed several common traits in all successful Traders he’s come across that can be learned and internalized by anyone in their journey of self-discovery.
"Human emotions are the biggest enemy a trader faces. This is one reason I am so critical of the self-proclaim “geniuses” who peddle trade identification and win rates as the pinnacle of trading achievement. Unfortunately, there are no easy answers to this dilemma – and each discretionary trader must find ways to win individual battles within the larger war against self. I am not even sure that the specific “peace treaties” I have negotiated over the years with my inner enemies are the best solutions for all other traders."
Setup phase complete at bar 9. Yes, there is a price flip by no follow through. Price continued lower and so the Countdown phase ensued. In 2018 it reached 4 bars before reversing, in the present example 3.
The cycles are interesting. I see t flip and the de mark count but do not understand the number 3 or 4 at the bottom of the cycles.
Deja vu all over again
AVXL Monthly DeMark: https: https://invst.ly/14tiz2
485 by 07/15
https://invst.ly/14td-y
Over time which of the two is outside the other varies from stock to stock or at differing points in a stock or ETF movement. One thing that seems universal is that an excess in price above or below both bands is time to look for entry or exit points. Or at the least consolidation. The faster the time frame the faster one must act. It is a vital part of my 5minute intraday signal chart for scalping.
I use them in all time frames. As in any TA one looks for confirmations from indicators, ma's and ema's, money and volume to not enter too early or hold too long.
Ah, interesting observation. I might add Keltner Channel to use as comparison.
Here is a free 2 month daily chart anyone can view by clicking on the link.
What I think is notable. It is the kchannel midline creating resistance much more than the 20day/bbmidline.
The 4 sma has been support since the April rise. Which one will give up next week?
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=2&dy=0&id=p01337301306
Time and space
https://invst.ly/14sp96
Day 1 of $AVXL closing over the 20 day... can it follow through? We shall see.
Did yesterday's down day change the De Mark flip?
Howdy BooDog. You are welcome anytime. Hope all has gone well for you also.
I am still scalping ETF's intraday of which UVXY is one, for my bread and butter. Wish TVXY was still trading as I like pairs. Sell one side, buy the other. LABD/LABU, JNUG/JDST are favorites.
Still use same primary 5minute chart for signals seeking excesses for low entries to high for profits.
Gotta have stockcharts account to view.
https://stockcharts.com/h-sc/ui?s=LABD&p=5&yr=0&mn=0&dy=3&id=p89820435051
AVXL is my current bio. Also watching/trading JOBY and the eVTOL sector, some miners and one lotto play.
Best Wishes.
Hey you guys! Hope all is well. Watching the VIX / UVXY, thinking we're getting ready for the early summer late spring volatility. Of course an $8 swing on the VIX recently is some pretty good volatility already. Looks to be testing support again though.
UVXY daily $28.46
All good here, still swinging on my bios. Just really busy with family and stuff. Cheers!
What I find particularly interesting is that if todays daily candle closes as a doji that will make 9 in 10 trading days of some type of doji candlestick. Never seen that before. Talk about major indecision. Will it be a hammer candle or something else? Hmm.
Yes, definitely depending on brain function. LOL
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=3&dy=0&id=p34118687090
$AVXL gets REJECTED at the 20 day SMA once again. Definitely among the ugliest charts out there right now, but I love her for her brain, not her looks. LOL!!!!
$AVXL is best described as my hobby stock and I have been following the story since 2013.
The markets adjust to the situations at hand and it's the T/A stuff I'm here for from you all. I'm lazy and it's good "office talk" works out well together.
Green trades indeed!
Thanks. Great info.
Other than trading a few excess lows to excess highs by the charts over the last 2 years, I haven't paid much attention other than to when trial completions are expected. IMO, the charts have done decently well to anticipate both good and bad news.
For me, I at least don't have to see red in my account from AVXL nor sit on dead money. At my age I don't buy green bananas any more. If I put all AVXL profits back to work in AVXL I will have more shares than if I had held throughout with my 2015 pre-split shares. Just the way it has turned out.
Wish everyone a Green future here.
Yes, and today showed resistance at 3.85.and this whole area is resistance. It's always 2 things to watch, right, resistance and support. I'm seeing support needs to hold in the 3.60 area, and bounces need to break through 4 dollars. There's a next higher level target zone around 4.30 to watch when the time comes, and that target would represent the 1 dollar trade from the 3.25/3.40 "bottom"
Future commitments have not changed. The P3 PD trial will be done by the Shake it up foundation with MJFF as financial backer. Details from PR below:
https://www.anavex.com/post/anavex-life-sciences-announces-commitment-for-financial-investment-by-shake-it-up-foundation
Also, if truly interested in Anavex read today's SOTC update.
https://www.sotcanalytics.com/update-compendium-2024
MJFF shows 2020 as the last PD funding extended to AVXL. Is there anything other than hope (something AVXL is targeting) that suggests MJFF will/could give additional funding. According to the $74million given out through 76 grants in Sept 2023 AVXL was not given a grant.
https://www.michaeljfox.org/news/what-we-fund-741m-toward-research-powerhouse-cell-its-role-pd-and-much-more
I think $AVXL floated some stock to keep the coffers full. It sucks, but better than a company like $ANVS's negative equity situation and all hope on the next PD readout. I'm watching that story too.
Dilution is just something I deal with and it's fine in moderation and Missling does whatever he thinks is right and I trust him. Frankly $AVXL isn't spending the money fast enough as I've been expecting a PD trial start to spend it down with help from MJFF for a long time now.
Interesting the relationship of daily AVXL to XBI before and after the AVXL smack down.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p02950510298&a=1555586606
Yes, it is. It is flattening though which lessens the resistance. That is on the daily.
On a monthly the uptrend line from 2015 is hanging on. That said, price is likely not going past 4.35-4.40ish until it can be made support. Price will be sideways or down on the monthly until that occurs.
https://stockcharts.com/h-sc/ui?s=AVXL&p=M&yr=12&mn=0&dy=0&id=p68942463223&a=1593859224
From the weekly perspective things look like this. Must have stockcharts account to view full charts or will default to free set ups only. On the weekly the 8ema is resistance last 4 months.
https://stockcharts.com/h-sc/ui?s=AVXL&p=W&yr=2&mn=0&dy=0&id=p47540540582
The 20 day average is one stubborn ass level for $AVXL to penetrate...LOL
Teach a man to fish, feed him for life
A Buy Setup occurs when there are 9 consecutive closes less than the close four bars earlier. A Sell Setup occurs when there are 9 consecutive closes greater than the close four bars earlier.
The Countdown phase occurs once Setup is complete. Countdown is used to measure the depletion of buyers and sellers determined by the direction of the underlying trend and anticipates the area at which the trend is vulnerable to a reversal (trend exhaustion).
Countdown is calculated by comparing the close of the current bar to the high or low two bars earlier. Once the series reaches a 13 the market is prone to a reversal.
Unlike the Setup phase, Countdown does not require that the counts be consecutive.
https://demark.com/sequential-indicator/
I'll be curious how the De Mark signal plays out,
I would like to know the weekly De Mark signal if any.
Agreed, yet I went ahead and added to AVXL for non T/A reasons.
I was trying to be on holiday but the $ANVS AD fail was announced. Which was my primary reason to own, so I sold and put the remainder into $AVXL.
$ANVS does have another shot on on goal with PD, so there may be support for them at $5 and "green trades" to them. But I also know they have a large need to raise funds with equity financing and not sure how well that's going to go unless PD hits.
I'll be curious how the De Mark signal plays out, but also know how conviction plays a part too as Kentucky123 mentioned.
And long time no see 123tom
First order of business IMO is confirming the midlines as support, which on the daily hasn't happened in 5 months. Until that happens any higher targets are just wishful thinking and continued resistance. Kchannel midline is currently 3.92 and bb midline is 3.90.That is what I will be watching M, T and W next week.
Any good news. Well even though 5 of the last 6 candles are positive in price each one is a doji, so AVXL is at a strong resistance with 5 indecision candles. Also why M,T, W next week are important. Gotta get another higher high and higher low as well.
Green Trades
A daily for those with paid stockcharts accounts.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p50983949093
Interesting to see those charts.
Are we still waiting to see how the index rebalancing selling goes, the listing/delisting issue, the frivolous lawsuit issue as well... and maybe that would mark the bottom zone reversal time. I'm thinking we don't have much great news coming for many weeks if not months. But the cheerleading market forces can pump it into a rally if they want to. The 3.60 support shoulder zone is one to keep watching now. It could still fail and roll over here at 3.80 area.
Hi, C, ... I'm feeling well, thanks. Agree with your views, the current rally, seems to me, would have a chance to develop a trend changing pattern... If it reaches 4.25-4.40 area, and Then pulls back to hold a support shoulder around 3.80-3.65 area. Maybe this picture would correspond with your money indicators turning bullish. ??
Yes, It has been a bearish chart for many weeks, until right now, this first upwave that showed some follow thru.with this step higher today, heading toward that 4.00-4.40 target zone. 4.20 right in the middle. And a basic 1 dollar rally wave from the contrived 3.25 "Bottom ". Maybe I'll end up being wrong about 3.25. But if the price action forces can sell and bleed it down from 6.80 to 3.25... they ought to be able to go one more step and reach 3.00. Today, I noticed they didn't allow price to hit 4.00. I still see the current zone here from 3.65 to 3.95 as a resistance trap, waiting to roll over and begin the next downwave, and maybe the Lowest Bottom target 2.90 area.
Steady as she goes Tom.
https://invst.ly/14n-nv
Here's a live version of the chart I posted in February, calling for a bottom @ 3.35 by May 1.
https://invst.ly/14n-u9
The chart you reference is an alternative scenario which, for the time being at least, is not in the cards.
https://invst.ly/14n-x7
Note my post today regarding the daily price flip which registered on 04/30.
https://invst.ly/14n-xk
Hi Tom. Always happy when you post. Hope life is treating you well in every way, especially health.
PS: for now 3.25 is at least a temporary bottom. See how long it lasts. Watching 3 money indicators to see when the negative flow begins to reverse. Also lots of resistance fro $4-5. Weekly view. Daily looks to be improving though.
I love a man with a sense of humor. Good one.
I see the flip but no conviction. I hope to be wrong.
Nice to see you here. Unless there is significant news you are right on. The first three days of this week have light volume. Bearish chart.
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