FAS / FAZ / Daily Discussions / Archives / 08-23-2011 / Monday, January 31, 2011

Topie: Monday, January 31, 2011
January 31st, 2011 10:12 AM
membar Morning Everyone.

My FKOS sell stop is 29.11 today.

wanlorn: I'm confused: Emma is saying Bull P-S1, which doesn't make sense to me given that FAS has gapped up. (I'm still doing Emma 0945 - haven't had a chance to switch over yet.)
January 31st, 2011 10:29 AM
andy0323 Out FAS @ 29.60.
January 31st, 2011 11:00 AM
wanlorn
Quote:
membar wrote:
Morning Everyone.

My FKOS sell stop is 29.11 today.

wanlorn: I'm confused: Emma is saying Bull P-S1, which doesn't make sense to me given that FAS has gapped up. (I'm still doing Emma 0945 - haven't had a chance to switch over yet.)


Friday was a VERY big negative candle. This makes the P to S1 band extremely large. Emmaclean would have entered at 9:33 @ 29.55. Emmabands has not done anything yet.
January 31st, 2011 11:04 AM
wanlorn Emmabands just entered FAS at 29.84 @ 11:03
January 31st, 2011 11:13 AM
andy0323
Quote:
wanlorn wrote:
Emmabands just entered FAS at 29.84 @ 11:03


I'm watching this. :D
January 31st, 2011 11:35 AM
membar
Quote:
wanlorn wrote:
Friday was a VERY big negative candle. This makes the P to S1 band extremely large. Emmaclean would have entered at 9:33 @ 29.55. Emmabands has not done anything yet.

Doh! I thought about the big candle stuff this morning, then forgot again. EmmaClean did pretty well on Friday too, didn't she? I guess my Emma is in bad need of a shower.
January 31st, 2011 11:51 AM
wanlorn Hehe yea Emmaclean did a great job friday and so far today. Will definately end up positive for the month.

Andy have you looked at the backtest results for Emmabands?
January 31st, 2011 11:55 AM
andy0323
Quote:
wanlorn wrote:
Hehe yea Emmaclean did a great job friday and so far today. Will definately end up positive for the month.

Andy have you looked at the backtest results for Emmabands?


Yes I have and I'm impressed. Unfortunately, I cannot trade with EMMA, so I'm trailing you guys via this board. :)
January 31st, 2011 12:13 PM
andy0323 FAS surged past 30. What does EMMA say?
January 31st, 2011 12:35 PM
wanlorn Emmaclean month to date is up about 10%. I am up about 17% as I got out of trades at no loss that I felt were going badly. Fridays 5.5% gain was a nice boost!
January 31st, 2011 12:36 PM
wanlorn
Quote:
andy0323 wrote:
FAS surged past 30. What does EMMA say?


Well Emma is in FAS and will be till end of day unless a stop hits.

edit: XLF is now above P so original Emma would say you would want to look at bears if you weren't in bull earlier. Emmabands would still suggest bull because we started between MS to P band and moved to P to MR band.
January 31st, 2011 12:47 PM
wanlorn Wow what a reversal right there. XLF and SPX both bounced directly off of their Pivot (16.37 and 1284.7). Hopefully they will hold. I'll be closing out Emmas position if XLF dips below 16.37.
January 31st, 2011 01:44 PM
wanlorn Haven't sold yet but watching it closely here. It touched 16.36 but SPX pivot is still holding.
January 31st, 2011 02:03 PM
BullDog Moved 20% of FAS position to side line, one at 30.15 and one at 29.70
January 31st, 2011 02:06 PM
HeidiTwit Have a good trading day, everybody, and say hi to emma for me.

Found an interesting chart on finviz.com for any stock you'd care to plug in.
January 31st, 2011 02:14 PM
wanlorn I ended up selling at 29.96. An extra 1.35% for the month.
January 31st, 2011 02:34 PM
andy0323 Glad you were able to profit. Thinking of switching to a bear ETF... question is, which one... hmm.
January 31st, 2011 03:43 PM
allen314159
Quote:
membar wrote:
Morning Everyone.

My FKOS sell stop is 29.11 today.



Are you using OKOS instead of FKOS? Using the worksheet I provided in the strategy section, I get the following with ATR5 and today's open of 29.51:

FKOS: 29.27 [0.234988249]
OKOS: 29.10 [0.398371144]
January 31st, 2011 03:59 PM
wanlorn Emma would have sold off at 29.92 at EOD. So I barely outperformed Emma once again.
January 31st, 2011 04:03 PM
membar
Quote:
allen314159 wrote:
Are you using OKOS instead of FKOS? Using the worksheet I provided in the strategy section, I get the following with ATR5 and today's open of 29.51:

FKOS: 29.27 [0.234988249]
OKOS: 29.10 [0.398371144]

I don't know why 29.11 was chosen. Since I'm not around the computer, Ninja Trader uses whatever price it gets at the tick at 9:30, which might be different than the actual opening price, especially if there's a lot of gyration right around open. So far it's been working for me, though. Also, I'm using ATR = 0.23, not 0.23498.....