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Post by cosmic on Jul 29, 2010 10:33:06 GMT -5
While Green Arrow is still confirming the 6th sequential, stops were hit at 1099 and positions were sold.
QQQQ calls -19% MPG +14%
Still hold LVS puts from straddle
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Post by cosmic on Jul 29, 2010 13:41:13 GMT -5
Will rebuy QQQQ Calls on any dips so long as we close above 1100.
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Post by cosmic on Jul 30, 2010 8:59:42 GMT -5
Very Important Green Arrow Update!
This is why the rules said I had to stay out until the market confirmed 1101, which while we closed above there, the gap down today has caused the Green Arrow to not confirm after yesterday and today's candle.The areas in red show how the Sequential count has turned purple. The significance here is that the candle pattern the Sequential is analyzing now suggests this is a Buy Countdown situation, indicating further erosion of pricing. Buy Countdown's ultimately lead to bottoms however the Green Arrow play is based on buying slightly after the bottom confirms. Right now, in fact 1055 area is in danger. The mechanical trade yielded appropriate results.
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Post by cosmic on Jul 30, 2010 9:01:00 GMT -5
I suspect that the only thing that would turn the Sequential count to Blue again is a huge up candle today. That would confirm tomorrow. Would probably require a retake of at least 1101.
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Post by commodityypro on Jul 30, 2010 9:04:22 GMT -5
I suspect that the only thing that would turn the Sequential count to Blue again is a huge up candle today. That would confirm tomorrow. Would probably require a retake of at least 1101. Green Arrow not giving in lightly COs, it's making it's run back to 1101
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Post by cosmic on Jul 30, 2010 9:11:11 GMT -5
I see that now - I was shocked - I was reading an article on something else. (Ok, chocolate meringue pie.)
Interesting. This should put a knot in the chart... what is interesting, is that the Green Arrow itself didn't turn into a purple buy countdown arrow, which it should have.
Perhaps the greater karma of the Green Arrow will still prevail.
If it stays green after today, I may have to dip long.
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Post by commodityypro on Jul 30, 2010 9:43:35 GMT -5
Cos - I was going to ask yesterday but you mentioned the 6th sequential was confirmed and I remember you saying the Green Arrow has up to what 9? If so how long could this scenario play out from here?
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Post by cosmic on Jul 30, 2010 9:56:01 GMT -5
These setups are generally 9 counts - not always 9 candles. So you can see with the chart I posted this would be considered a 2 purple sequential, leading to a need for a 9 purple count. That's why this one is odd. The Green Arrow should switch to a purple arrow in that case.
But recall too that Green Arrows are very rare, so they should be played upside regardless. With a technical trade.
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Post by commodityypro on Jul 30, 2010 10:13:33 GMT -5
Thanks Cos, much appreciated you keeping us up to speed on this. I was starting to see bullish patterns myself and then you posted this Green Arrow a week or so ago and it's played out perfectly so far. Nice work bud!
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Post by cosmic on Jul 30, 2010 10:23:10 GMT -5
I love the technical setups. The rest to me is just emotional luck trading. Which I sometimes do and sometimes succeed. This is still a highly probably indicator to play out, but it needs more time to brew.
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Post by Clinton SPX on Jul 30, 2010 11:27:13 GMT -5
Looks like a rally setting up
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Post by cosmic on Jul 30, 2010 11:36:54 GMT -5
Well the humorous part for me is MPG ran again today and I'm not in it
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Post by cosmic on Aug 2, 2010 19:15:17 GMT -5
Green Arrow update suggests that we have now switched back to a blue sequential. This bolsters the original premise that Green Arrow never changed, only whether it was confirming or not. Of particular note is the distance now between GA and the 1st sequential. In reviewing similar setups, it somewhat suggests the duration of the overall sequential. This move could take months.* *Mostly conjecture, more study required, don't trade it!
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Post by Dualism on Aug 2, 2010 20:21:52 GMT -5
Green Arrow update suggests that we have now switched back to a blue sequential. This bolsters the original premise that Green Arrow never changed, only whether it was confirming or not. Of particular note is the distance now between GA and the 1st sequential. In reviewing similar setups, it somewhat suggests the duration of the overall sequential. This move could take months.* *Mostly conjecture, more study required, don't trade it! Blue sequential?
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Post by cosmic on Aug 5, 2010 22:38:07 GMT -5
Latest update for Green Arrow. Still saying buy the dips, so long as that sequential count stays blue.
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Post by cosmic on Aug 6, 2010 11:38:16 GMT -5
Here's the Green Arrow chart this morning. Notice the sequential has changed from 4 blue to 1 purple.
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Post by timber on Aug 6, 2010 11:41:59 GMT -5
Latest update for Green Arrow. Still saying buy the dips, so long as that sequential count stays blue. what does purple mean again then ....sell hold or buy?
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Post by maxi on Aug 6, 2010 11:42:48 GMT -5
4 blue what? 1 purple what? The dots? This is really hard to follow without some support narrative. I have been looking at these charts all along and still cannot figure out what part of the chart you are talking about. Where is the green arrow part?
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Post by brosin on Aug 6, 2010 11:44:11 GMT -5
Today I for the first time figured out what the blue sequential was. Now that the 4 blue numbers have disappeared.
I feel like I'm in pre-school when I look at that chart compared to the ones I watch ;D
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Post by timber on Aug 6, 2010 11:45:28 GMT -5
where do you get this green arrow program
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Post by cosmic on Aug 6, 2010 11:45:28 GMT -5
Purple sequentials mean we're in a transitory state. All rules apply, sell at the hard stop 1099-1100. Can only re-enter on a re-take of 1101.
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Post by maxi on Aug 6, 2010 11:45:29 GMT -5
Today I for the first time figured out what the blue sequential was. Now that the 4 blue numbers have disappeared. I feel like I'm in pre-school when I look at that chart compared to the ones I watch ;D Okay B. Then share what u figured out with the rest of us dolts!
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Post by cosmic on Aug 6, 2010 11:46:49 GMT -5
Maxi, I suggest review the entire thread and look at the circled things that I refer to.
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Post by maxi on Aug 6, 2010 11:46:53 GMT -5
Purple sequentials mean we're in a transitory state. All rules apply, sell at the hard stop 1099-1100. Can only re-enter on a re-take of 1101. But which part of the chart is the sequential? Or is this really complicated math terms that I never learned? Like f'g calculus?
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Post by maxi on Aug 6, 2010 11:47:31 GMT -5
Maxi, I suggest review the entire thread and look at the circled things that I refer to. Okay I wil do that... ;D
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Post by brosin on Aug 6, 2010 11:50:25 GMT -5
Today I for the first time figured out what the blue sequential was. Now that the 4 blue numbers have disappeared. I feel like I'm in pre-school when I look at that chart compared to the ones I watch ;D Okay B. Then share what u figured out with the rest of us dolts! Nothing really.. I just figured out that the Blue Sequential was referring to the 1 through 4 numbers on the prior charts. Because before that, I didn't know what the blue sequential was or where to find it on the chart. Just when they disappeared today and now there's a purple "1" did I see what Blue Sequential meant. So that's all I've got. Baby steps for me
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Post by cosmic on Aug 6, 2010 11:52:24 GMT -5
Maxi, you will notice that I circle and highlight very specific sequential counts on the charts - these are the blue numbers, purple numbers, red numbers, and green numbers... all counting up and then restarting.
It's important that you understand the blue vs. the purple.
Blue counts are SELL counts meaning we're successfully in an uptrend and the system is trying to decide sell points.
Purple counts are BUY counts meaning we're not confirmed on the uptrend and additional buy points can be calculated south of the Green Arrow - that's right, buy points lower than the 1050 area where we got the Green Arrow.
So when you have a sequential shift from blue to purple, it's telling you that it CAN calculate buy points south of your entry. You wouldn't want to be long, having already bought, 1050, have not sold, and then we run lower than 1050.
The chart is conflicting - Green Arrow is still green, and the sequential is still trying to figure things out one way or the other.
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Post by brosin on Aug 6, 2010 11:54:30 GMT -5
Is that another way of saying that it doesn't have a fricken clue?
I thnk I'd almost rather lose money off my own cluelessness than the machine's!
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Post by cosmic on Aug 6, 2010 11:56:03 GMT -5
It's a mechanical, technical trade for a market that sucks.
It is what it is. It is successful.
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Post by maxi on Aug 6, 2010 12:00:56 GMT -5
Thanks Cos and B. I will look again later. I did just reread the first page of the thread. What u just said Cos makes it more clear. Thx.
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