StockFetcher Forums · General Discussion · Any FAS/FAZ traders here?<< 1 ... 4 5 6 7 8 ... 17 >>Post Follow-up
karennma
6,831 posts
msg #72199
Ignore karennma
3/6/2009 7:34:01 PM

Actually, seems DUMB to buy FAS.
Seems better to short FAZ.


TheRumpledOne
6,362 posts
msg #72203
Ignore TheRumpledOne
3/6/2009 8:20:15 PM

I have traded FAZ.



13th_floor
724 posts
msg #72207
Ignore 13th_floor
modified
3/6/2009 9:49:54 PM

So has this guy...53 out of 54 winning trades Wed and Thurs.....21 for 21 today..I know,I trade with him $$$$$$$$$

http://darksidetrading.blogspot.com/

johnpaulca
11,312 posts
msg #72208
Ignore johnpaulca
3/6/2009 10:39:13 PM

13th..that's awesome trading by Muddy, comes with years of experience.

moby
314 posts
msg #72213
Ignore moby
3/7/2009 12:49:53 AM

Hi,

I've tried to load FAZ and FAS and apply it to a symlist but I can't get it to show on my results page or see a chart?

SKF and TWM work fine...something different about FAZ? Too new ? or I'm doing something wrong?
Please let me know.

Thanks.

johnpaulca
11,312 posts
msg #72214
Ignore johnpaulca
modified
3/7/2009 1:12:12 AM

Moby: I have the same same problem with FAZ and FAS.

BOOYA BUY
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invest42day
1 posts
msg #72216
Ignore invest42day
3/7/2009 3:29:35 AM


karennma

You might want to research Pivot Points. I've been trading FAZ using pivot points and I've made almost 5k in two days. I'm still a newbie trader but I've found that FAZ follows the pivots extremely well. Here's an example, 3-6-09...FAZ pivot was $95.95. My rule is to wait for green candle completely above pivot point or resistance level. When I say completely above that includes the wick. So on Friday I entered FAZ at about $98 with 100 shares. According to the pivot point calculations for support and resistance I knew that FAZ would not hit R until $107.72. With this in mind, I added shares until I had 400 total for a $100 average. From that point I just monitored the market and since it was tanking I felt confident that R1 would be hit at 107.72. I sold all 400 at about $109. The next stop for FAZ was supposed to be $115.95. I watched for a strong break off the R1 (which had now become support) and bought back in at 110. I rode that up to to about 112 and sold. The only reason I didn't hold was because i was doing all this trading at work. Anyway, I hope this information is helpful. I'm no expert though. Everything I know about trading up to this point has come from InvestorsUnderground, TRO posts, 13th's posts, GreenOnTheScreen, Technical Analysis by Brian Shannon and Day Trading for Dummies (that's where I was introduced to pivot points). Here's a good breakdown of how pivots are calculated. http://www.investopedia.com/articles/technical/04/041404.asp

karennma
6,831 posts
msg #72217
Ignore karennma
3/7/2009 7:40:46 AM

"The only reason I didn't hold was because i was doing all this trading at work."
invest42day
===========================================================================================

Don't you hate it when someone walks by your desk asking, .. "whatcha doin'"?
Nosey goofballs!
LOL!
Thanks for the pivot info.
:>)





johnpaulca
11,312 posts
msg #72227
Ignore johnpaulca
3/7/2009 3:32:22 PM

FYI...I just saw that HMSY was the Top Tech. & Fundamental stock on Breakout.com....now combine that with Booya buy signal and you have a winner...imo

SFMc01
296 posts
msg #72241
Ignore SFMc01
3/8/2009 9:19:44 AM

JohnP & Moby: SF indicates that stocks without full data often will not show on filter outputs. To show, the time period of the filter must not be for a time period greater than that for which data is available for the specific symbol.

Steve

StockFetcher Forums · General Discussion · Any FAS/FAZ traders here?<< 1 ... 4 5 6 7 8 ... 17 >>Post Follow-up

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