| February 2nd, 2011 09:39 AM |
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| membar |
My FKOS sell stop is 31.00 today.
We got pummeled with snow here in the Midwest. I'm going back outside to shovel now. Dealing with three-foot snowdrifts.
Good luck to all today. |
| February 2nd, 2011 09:56 AM |
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| 888nyc888nyc |
I'm still in TNA from yesterday. Here's hoping the ride continues! |
| February 2nd, 2011 10:01 AM |
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| Black Swan |
I have a sell at 77.12, but it's getting harder and harder to cross 77- guess too many sell orders? Will get out at 10.30 if it doesn't break it's back. |
| February 2nd, 2011 10:02 AM |
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| Black Swan |
Out at 76.48. |
| February 2nd, 2011 10:09 AM |
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| 888nyc888nyc |
Quote:
Black Swan wrote:
Out at 76.48.
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LOL i got out at the same price... |
| February 2nd, 2011 10:17 AM |
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| Black Swan |
LOL! Great scalpers think alike :P
Will be back in the afternoon. In TNA, 76.07 BTW.
Good luck everyone! Didn't trade for a week... |
| February 2nd, 2011 11:03 AM |
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| membar |
Quote:
Black Swan wrote:
LOL! Great scalpers think alike :P
Will be back in the afternoon. In TNA, 76.07 BTW.
Good luck everyone! Didn't trade for a week...
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Welcome back. My Emma is in FAZ @ 8.17, but I expect to get shredded. |
| February 2nd, 2011 12:05 PM |
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| andy0323 |
I hate sideways. |
| February 2nd, 2011 12:30 PM |
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| next |
I'm in faz at 8.22, held last night and sold it this morning, back in again
and yeah, I don't feel good about it, but it's fitting with my rules |
| February 2nd, 2011 12:33 PM |
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| membar |
Quote:
next wrote:
I'm in faz at 8.22, held last night and sold it this morning, back in again
and yeah, I don't feel good about it, but it's fitting with my rules
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Care to share those rules with us, or are they a secret :) ? |
| February 2nd, 2011 12:58 PM |
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| next |
sure
it's simple,
what ever is up at 11:08 EST generally goes higher.
buy either faz or fas, which is up from open at 11:08
if you want to complicate it, try to buy it at the lowest it was since 10:30am
once you have it
place a 1.05% stop on it, and bet the world
if it's fas, sell it at 3pm, faz 3:30pm
almost never loses, and ever when you lose, not so much of a loss
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| February 2nd, 2011 01:01 PM |
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| next |
What I have noticed, with fas/faz is certain patterns each day.
FAS is almost always going to rise from 12-1pm
FAZ between 3 and 3:30pm
FAS usually, but not always, will rise at 3:30-4pm, if, but only if it's been rising for the day
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| February 2nd, 2011 01:02 PM |
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| next |
I don't feel good about it, but accordingly, faz is a great buy right now, sell it 3:30pm:) |
| February 2nd, 2011 01:06 PM |
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| next |
and as with every system, some days, it looks awful:) like today:) |
| February 2nd, 2011 01:43 PM |
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| wanlorn |
Well my Emma jumped in FAZ at 8.13 @ 10:03. The XLF Pivot 16.67 is providing strong resistance. 16.61 which is M between P and S1 (16.55) has been the low for today. I expect a test of M in the next 30 minutes. It will likely hold and XLF will end up closing around 16.63 or 16.64. Just a very sideways day for the most part. |
| February 2nd, 2011 01:54 PM |
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| next |
I did well yesterday with fas, and ok overnight with faz, and so far, not lost much on faz for the day, so no complaints:) |
| February 2nd, 2011 02:01 PM |
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| membar |
Quote:
next wrote:
I did well yesterday with fas, and ok overnight with faz, and so far, not lost much on faz for the day, so no complaints:)
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Thanks, next. The description of your system didn't describe overnight holds. Is that part of another strategy? |
| February 2nd, 2011 02:06 PM |
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| next |
when fas or faz go down by 4% or more during a day, if you buy them at close, you can almost always pick up a 1% at open, just sell immediately and then reevaluate the day
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| February 2nd, 2011 02:16 PM |
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| wanlorn |
I closed out my FAZ position at 8.21. Just shy of 1% for the day. |
| February 2nd, 2011 02:52 PM |
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| andy0323 |
Finally... some MOVEMENT. |
| February 2nd, 2011 03:23 PM |
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| allen314159 |
Finally FAZ is getting reverse splitted.
http://www.benzinga.com/news/11/02/828960/direxion-to-reverse-split-six-etfs
0.01 spread becomes a big deal at $8. Reverse split will hopefully decrease the spread, percentage-wise. |
| February 2nd, 2011 03:30 PM |
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| andy0323 |
Even more movement. Is this your cue, Next? ;) |
| February 2nd, 2011 03:33 PM |
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| membar |
Quote:
allen314159 wrote:
Finally FAZ is getting reverse splitted.
http://www.benzinga.com/news/11/02/828960/direxion-to-reverse-split-six-etfs
0.01 spread becomes a big deal at $8. Reverse split will hopefully decrease the spread, percentage-wise.
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It's about time. IB charges a commission based on the # of shares and I'm getting killed on FAZ commissions. |
| February 2nd, 2011 03:48 PM |
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| soler |
My Fkos sell stop got hit at 31.02, the LOD and now has gone higher. ARGH!!! I'm using Allen's spreadsheet so did I paste the values wrong? |
| February 2nd, 2011 04:04 PM |
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| membar |
Quote:
soler wrote:
My Fkos sell stop got hit at 31.02, the LOD and now has gone higher. ARGH!!! I'm using Allen's spreadsheet so did I paste the values wrong?
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Allen's calcs are slightly different than mine. 31.02 seems about right to me, though. I aborted my NT strategy in the last few minutes for because I saw the price approaching my stop and didn't want to rebuy a minute or two later. |
| February 2nd, 2011 04:07 PM |
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| allen314159 |
Although this might seem paradoxical, FKOS has about an even number of up vs down days. (i.e., 50% up days and 50% down days)
FKOS wins out in the long run because the uppers beat the downers. But number %up days vs number of %down days is about even.
BTW, I calculated 31.04 using the spreadsheet.
I got stopped out at 31.05 and re-entered at 31.0599 |
| February 2nd, 2011 04:08 PM |
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| allen314159 |
Quote:
membar wrote:
Allen's calcs are slightly different than mine. 31.02 seems about right to me, though. I aborted my NT strategy in the last few minutes for because I saw the price approaching my stop and didn't want to rebuy a minute or two later.
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In the end it's really a wash.
I don't expect the long-run statistics to exactly match the historically optimized peak.
But hopefully it's somewhere near there. |
| February 2nd, 2011 04:08 PM |
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| membar |
Quote:
allen314159 wrote:
FKOS wins out in the long run because the uppers beat the downers.
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So it's like a drug trip with a happy ending? |
| February 2nd, 2011 04:11 PM |
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| allen314159 |
Quote:
membar wrote:
So it's like a drug trip with a happy ending?
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Kinda. Except every other day your stash is laced. |
| February 2nd, 2011 04:26 PM |
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| membar |
Quote:
allen314159 wrote:
Kinda. Except every other day your stash is laced.
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This stuff has made me so braindead, that I hadn't noticed anyway. |