tag:blogger.com,1999:blog-2643613788950912206.post8340534573546699941..comments2023-09-17T02:33:56.785-05:00Comments on The TSI Trader: Hummmm...... Strike 3, I'm Out?John Townsendhttp://www.blogger.com/profile/13243755287314446656noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-2643613788950912206.post-86098747610009313762011-07-06T20:32:23.093-05:002011-07-06T20:32:23.093-05:00"Dollar speaks, all the others listen." ..."Dollar speaks, all the others listen." But the whole market is not listening now. Market continues to conflict with dollar today. Since dollar did not drop today, I believe market consensus is that dollar would not break through the resistence in this cycle. If that's true, dollar really does no have too much room in upper side. That makes dollar irrelavent. Dollar will rally, but at least we need to wait until next daily cycle. It is not showing enough strength at this moment.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-57916890437992367882011-07-06T20:01:51.138-05:002011-07-06T20:01:51.138-05:00Yes, agree - total whipsaws from the gold price. F...Yes, agree - total whipsaws from the gold price. First it breaks out of the triangle consolidation to the upside, then immediately reverses down again, thereafter breaks the triangle to the downside. Wherupon it reverses up into the consolidation again!trond56https://www.blogger.com/profile/16626293818963423153noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-20781117373271356212011-07-06T16:10:41.852-05:002011-07-06T16:10:41.852-05:00John,
I have learned a great deal from your site. ...John,<br />I have learned a great deal from your site. I have been observing for a while and felt it was time to write and Thank you! <br /><br />I use the TSI strategies as part of my tool belt in evaluating a trade. I think it is a powerful indicator in my quiver.<br /><br />As a matter of fact it help me score a 2000% gain (and not over yet) on a recent options trade of Renn based on the over stretched TSI rebound effect. When I purchased I think it had just bounced of -75 on a hourly chart.<br /><br />As far as the S&P movement maybe this chart will help shed some light.<br /><br />http://advisorperspectives.com/dshort/guest/Chris-Kimble-110706-SPX-Sign-to-Respect.php<br /><br />I also know you follow Gary's column and you stuck your neck out a bit according to what he was saying regarding shorting the market right now. However, watching your trades I know you follow your own beat and I respect that. Just like I didn't feel it was the right time yet to buy TZA according to MY research. <br /><br />The point is I strongly urge all your readers to take what you or any other person says and use it as a point of reference for THEIR own research and not just rely on what someone else says otherwise you have nobody to blame except yourself. <br /><br />Thanks for being a sharing person in a world of avarice. Your work is truly appreciated!<br /><br />Sign of respect from your fellow trader,John-Michaelnoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-12667916537622521192011-07-06T11:53:08.729-05:002011-07-06T11:53:08.729-05:00John,
Nice work on the new indicator! Are you go...John,<br /><br />Nice work on the new indicator! Are you going to update your trading techniques to consider all 3 of those TSI signals?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-51440598028402824522011-07-06T11:47:40.971-05:002011-07-06T11:47:40.971-05:00John, did u happen to see if the smart money has s...John, did u happen to see if the smart money has stopped selling ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-73272880086626293592011-07-06T11:25:40.877-05:002011-07-06T11:25:40.877-05:00As soon as you sell, it will reverse and go the ot...As soon as you sell, it will reverse and go the other way.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-61744443630834552862011-07-06T09:59:31.848-05:002011-07-06T09:59:31.848-05:00John ,
any advise what is going to happen
regar...John ,<br /><br />any advise what is going to happen <br /><br />regard<br /><br /> GilbertAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-39312859143845584702011-07-06T07:28:12.882-05:002011-07-06T07:28:12.882-05:00I was short all last week and I am still short. I...I was short all last week and I am still short. If S$P goes much higher from here the shoulder will be broken but I am betting (praying) for a correction from here that would indeed give us a head and shoulders. the dollar is due to come back. better than expected jobs on friday could kill us. much enjoy and appreciate your site, John!Jimnoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-58870326218406305932011-07-06T06:47:10.020-05:002011-07-06T06:47:10.020-05:00What abouy the possibility that the July 1st low o...What abouy the possibility that the July 1st low on gold was the intermediate low, three weeks early and this squeezed the daily cycle down to 14 days?siriaminoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-32401784132864533702011-07-05T23:40:28.003-05:002011-07-05T23:40:28.003-05:00John, don't beat yourself up too bad, you do g...John, don't beat yourself up too bad, you do great work. Never have I been so insighted by trading since following your efforts. Sometimes I think your enthusiasm jades your decisions. No matter, you're doing better then me. Bought SPY puts today, ???????????????????<br /><br />Really confused with the xgld amd xslv not making that upward hook on the TSI while so many of the others have broken some indicators up.<br /><br />Good luck, and absolutely love your work.Anonymousnoreply@blogger.com