tag:blogger.com,1999:blog-8087596269330366903.post4872568587552936652..comments2009-01-04T14:29:36.100-06:00Tony.Wiltshirehttp://www.blogger.com/profile/08018063084505561664noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8087596269330366903.post-76417052071277632142009-01-04T14:29:00.000-06:002009-01-04T14:29:00.000-06:00Hey Tony,<BR/><BR/>My post on the EFT's is not my opinion, it's basic algebra. Anyway, I'll just ignore the charts I mentioned and follow along on the others. Thanks.jeffreyb_30319http://www.blogger.com/profile/18050892648962159683noreply@blogger.comtag:blogger.com,1999:blog-8087596269330366903.post-43701092807487062952009-01-04T12:23:00.000-06:002009-01-04T12:23:00.000-06:00Elad,<BR/><BR/>Thanks for writing. <BR/><BR/>1 - I use Medved Quotetracker as my platform. I've been using it for 9 years so I really don't have anything to compare it to. Once I make the weekend post, I enter the symbols in and I set the alerts. If you aren't familiar with the program, it's linked in the "Links" section of the blog. <BR/><BR/>On another note, I miss a lot of the setups that trigger. With my style of trading, I've found that 8 to 12 positions in my trading account is about all my comfort level can handle. In my long term account, I usually have more, but they are very small positions and I leave it alone the best that I can.<BR/><BR/>2 - I actually do a little bit of both. It's one thing that I've struggled with over the years. Although I've gotten better, I still find myself trading outside or against my personal "time horizon." I suppose that's one of the benefits of trading around key S/R levels....to save me from my mistakes.<BR/><BR/>I hope you have a great year.<BR/><BR/>Regards,<BR/><BR/>TonyActionPointsTA.blogspot.comhttp://www.blogger.com/profile/08018063084505561664noreply@blogger.comtag:blogger.com,1999:blog-8087596269330366903.post-66118909498205908052009-01-04T12:05:00.000-06:002009-01-04T12:05:00.000-06:00Jeffrey,<BR/><BR/>You make really good points, but I still believe you can use simple TA with the leveraged ETFs in a clear and objective manner. I hope you will hang around here long enough to give me a chance to change (or at least alter)your opinion. <BR/><BR/>Regards,<BR/><BR/>TonyActionPointsTA.blogspot.comhttp://www.blogger.com/profile/08018063084505561664noreply@blogger.comtag:blogger.com,1999:blog-8087596269330366903.post-84620963868136941872009-01-04T09:56:00.000-06:002009-01-04T09:56:00.000-06:00You have a great site and I appreciate all the work you must do to keep things current. I don't understand why you post charts for the 2 and 3X ETF's as their price and doing T/A on the charts have absolutely no meaning. When you think about the way those things work, what really are you measuring? A derivative of a derivative which is impossible to chart linearly. I hate to see traders make decisions based on faulty information and as hard as you work, it would be a shame for you not to look into what I am saying.jeffreyb_30319http://www.blogger.com/profile/18050892648962159683noreply@blogger.comtag:blogger.com,1999:blog-8087596269330366903.post-53347165583765808942009-01-03T21:58:00.000-06:002009-01-03T21:58:00.000-06:00Hi Tony,<BR/><BR/>Happy New Year to you. Got 2 questions for you:<BR/><BR/>1. If you can explain what system you are using to track so many setups during any trading session, it's a lot of stocks to follow, how do you make sure not to miss any?<BR/><BR/>2. Do you play certain setups according to the market's direction, for example, do you look at long setups when the market goes up or do you just pay attention to the setup as a play by itself with no correlation to the market's movement?<BR/><BR/>Thanks for doing an amazing job, your blog is a gem,<BR/><BR/>Elad.elkatehttp://www.blogger.com/profile/06665068583927482483noreply@blogger.com