My system is still a buy as of 3/21

That means buy open 3/22.  So far the gain is 6.81% and not bad.  Remember to place a stop at half of your gain or the next sell signal.  The energy and materials sectors and ETFs have done very well.  I have noticed that Asia ETFs are strong except for Japan of course.  I herd on TV some one pushing Japan as a long term buy.  Not even close yet should you buy Japan and maybe never.

In fact today on Fast Money a show on CNBC after a guest talked about how bad the FED is doing and how bad the housing market is and how printing money how bad it is going to get, he said to buy things like silver and gold.  Hmm I think he already owns the silver and gold and wants the viewers to buy more.  What the F*** is going on.  Be a ware of this kind of reporting in the media.

Have a plan and follow it as if your life depended on it because it does......

Happy trading !!!

The system works:

Buy signal on 3/21 and up over 4% in QLD so far. 

I am reading the book in Kindle, The new sell and sell short: How to take profits cuts losses, and benefit from price declines by Alexander Elder.  I recommend it as a reading and read it fast and get the idea of what a traders mind is like.  Is it you?  Well what I was surprised about was my trend trading is stressful he says.   He thinks short day trades are less stressful.  I am going to keep with my trend trading just so you know.  I will how ever add more short term trading in between my trend trades.

What the recent events have shown is what ever the markets were doing before hand it will get back to.  So in this case buy the big dip !!!!!

I am going in add to my trading plan exit rules.

1. If my gain is > 5%, set stop at 50% of greatest gain.  An other words be sure to keep 50% of you gain.
2. Put in an initial stop of 2% from buy point.  This is a normal rule all traders should have.

Still an uptrend and Material and Energy sectors leading

Today was a third day up on the timing system.  QLD is .8% positive, no much of a gain.  I would not be surprised to see more down side. Remember to use stops 2% from buy point, after 5% gain take half of max gain and pocket.

I have been looking at day trading or being able to buy and sell the same ETF the same day.  This will allow me to get out of a trade that goes wrong and trade in the correct direction.  Need over $25,000 in account to do this.  I am not there yet.  With the day trade ability I could set the entry and stop loss plus a profit limit all at once.

Happy trading
Ben

Things are better and so is the markets

I attended a day trading free half day and saw how they were going to take $5,000 from me for a week were all the profits go to them too.  No thanks.

My system is now on a buy and going to entry long in the morning if it is an up day.  Put a stop 2% below the cost price as a stop loss.  After the gain is greater than 5% then calculate 50% from the high profit and set an exit there.

Happy trading.

Were is the warkets going?

To forecast the next move some days is obvious and some days
is hard to know. Today is one of those. I am long one position and yesterday Timingcube turbo system changed to sell. I see SPX support all the way down at 1230. I would be a buyer there.

Today I think is an up day and may sell my long and wait for more clear direction which could be down.

Ben

Japan and timing the market

Who thought of making a trade from the disaster in Japan.  Well I bought EWV on Friday and this morning it was up big.  I could hold on for a few days and see what happens but I sold and took the profit, 12%.

If you have long term position and don't want to sell them here is an idea.  Watch SDS ETF like you would an other stock or ETF for an entry point.  You could use the EMA(40) as a buy and sell point.  I used my timing system the morning of Friday and ended up with a loss at end of day.  Today it is in the green so it did work out.  That is the way of a timing system, it may not be profitable at first.

Intraday today Vector vest has a new C/DN signal.  Well I am already on a sell signal.  Maybe I should sell advertising of Vector Vest on this blog.

Looking at possible level were the $SPX will find support, I see 1270 - 1280.

Ben

New signals 3/10

My system gave a sell signal at the close of Thursday 3/10.  Also Vector Vest DEW timer gave a sell.  Of course the markets rebound this morning.  I did sell my longs and have inverse ETF's now.  I followed my system and it does not feel good so far today because I have losses.  Maybe I should only look at  my accounts end of day to avoid having my feeling go up and down with the equity curve.

I used a retirement calculator and ....

I used a retirement calculator putting in income, savings, investments, etc.  In the end I ran out of money between age 74 and 81.  I added saving more per month and it did not help much.

I fell into a bad mood.  Using Excel I determined I need a 40% return on average for the next ten years in order to stop working the corporate world.  How do I do that.

My system has shown since July 2006 it could obtain that.  I have it back tested to then.  Timingcube . com has a new Turbo system back tested to 2000.  With this I could achieve over ten years my goal.  The catch is I would not commit all my money to this one system.

My action is to focus on growing my retirement money so I don't end up working at age 70.  I want to be enjoying life, travel, have beauty in my life the kind of things money can by.

Since 1/2/2009 Turbo long&short returns:
TYH/TYP   - 165%
TNA/TZA   - 344%
BGU/BGZ  - 248%


Turbo timing system here I come.

Waste no time...

Ben

Side ways shuffle

One day down signal, four days later up, then two days down, one day up.  The first time this has happened and I hope the last.  Best thing to do is stand back and see that $SPX is above the EMA(44) so just stay long.  With all the bouncing around it never dropped below the EMA(44) on the close a good sign. 

The news has been bad news and then good news.  Stick with your plan and in this case use a moving average to determine the market direction.  I say use EMA(44) and until it drops below that stay long.

Trading is a very hard thing to do so always have good money management plan.  Never lose more than you are willing to lose.  Plan in small losses and bigger profits.

Careful trading
Ben

Turbulent times are here again

My system has given three quick signal that lost a total of 8%.  That means an 8% draw down from the current peak.  That is not bad comparing it with the paid service Timingcube.  This service also came out with a new timing model called Turbo.  I have reviewed it and it trades much more than my system.  It's gains are comparable to my system.  I am a paying subscriber and will use it for one of my accounts and will let you know how it works out.

I have sold my commodity trades in RJA and SLV.  Currently have QLD at a small loss.

The past two weeks reminds me how the media can influence me in a negative way and it is easy to not follow the system.  So what I have decided is to use three systems for 2011.

1) My A-system
2) Timincube Turbo system
3) My modified Turtle trading system.

My goals for 2011 is a combined total gain of $30,000 from all sources.

I will lay out the progress as we go.

"follow your system with discipline"
Me