Thursday, July 29, 2010

Four Potential Trades off the 4 min TZA Chart


Successfully executed the 1st and 4th trade (in green) today on the 4 minute TZA chart.
Summary of potential trades:
1. MA and CCI both broke out (little green arrows) in 10:18 AM Period: Buy TZA. This was followed by consolidation (green & red arrows battling it out until the 10:54 Period). Sold during the 12:02 Period as DEMA got way ahead of the MA & EMA and the Demarker plus the TSI went over 136.

2. Red MA and CCI breakout arrows leading into & during the 12:54 Period suggesting a TNA Buy. DEMA initially crosses thru the MA & EMA and subsequently gets way below the MA & EMA. TSI continually falls until it turns back up at ~-25 signalling a TNA Sell. Demarker bottoms out earlier and then bounces below or just above the lower red signal line (i.e. 20).

3. Same as 2, except DEMA starts out below the MA & EMA and the TSI turns back up around -33.5.

4. Same as 1 except trading session ends before things get completed.

No comments:

Post a Comment