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Post by walnut on Jan 26, 2017 11:38:28 GMT -5
A very interesting commercial idea. I should set aside 50k and do everything you do ROB Maybe we should setup a video feed in my house and I'll install traffic light on my wall. Red means BACK UP THE TRUCK AND SHORT THE SCAMS Yellow means NEUTRAL Green means COVER SHORT VIX SCAM lmao
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Post by walnut on Jan 26, 2017 11:39:19 GMT -5
Oscar tried it, but he just doesn't make money. Now I think everything he says has a caveat attached haha
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Post by walnut on Jan 26, 2017 11:40:42 GMT -5
Sold 1000 more at 19.30 Now 6000 short VXX
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Post by theMist on Jan 26, 2017 11:43:49 GMT -5
Joking aside -- SCAMs should rollover and touch red again. I'm short a lot right now BUT will definitely lighten up once they go red.
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Post by theMist on Jan 26, 2017 11:45:52 GMT -5
Peter Schiff on CNBC as I type.
Have to be careful that can pop the scams 2 cents. lol
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Post by theMist on Jan 26, 2017 12:00:23 GMT -5
Sold 1000 more at 19.30 Now 6000 short VXX In all honesty, There's going to be a time when what I am doing is not going to work but don't think that day is today. But could be wrong. We are shorting the VIX SCAMs after a massive run down (15% in last 2 days) and they left GAPs behind along the way. Even though I'm daytrading, I still have to be careful. So far, for today, the SCAMs are showing some strength and you have to admit that's unusual (its those upside gaps IMO) I'm still short TVIX today for daytrade but remember I've had a HUGE run since the elections. And of course, my goal is not give back house money but to make more $$
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Post by theMist on Jan 26, 2017 12:04:02 GMT -5
Watching to see if VXX, TVIX fill yesterdays gap
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Post by theMist on Jan 26, 2017 12:09:36 GMT -5
Great, I just lost my TV service. Trying to reboot Quantum box. If I lose internet, will not be good
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Post by theMist on Jan 26, 2017 12:14:47 GMT -5
Got TV back. so far so good. If I ever did lose internet (and we've had outages), I have backup but its not as good obviously and would be extremely nervous having a large position on.
Still short TVIX - I added up to 40k -- not recommended for weak at heart or newbs.
Didn't get best cost avg also but should still be fine and still see SCAMs rolling over at least one more time. Will lighten up when they go red.
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Post by theMist on Jan 26, 2017 12:32:53 GMT -5
I'm watching to see if VXX is forming a bottoming pattern. VXX needs to rollover and break through VXX 19.18-19.21 area and go red and retest lod.
Obviously, if S&P sells hard this afternoon that won't be good for VIX SCAMs if shorting them. Need to be cautious either way. We all know about the upside gaps the SCAMs left behind.
just my 2 cents
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Post by theMist on Jan 26, 2017 12:48:06 GMT -5
VIX SCAMs still hanging in there and showing strength. I'm watching to see if VXX is forming a bottoming pattern -- an inverse H&S. So do have to be careful if short VXX, TVIX, UVXY. Also, we do have those upside gaps that need filling eventually. Need to see VIX SCAMs rollover again and retest lod. S&P hit tough resistance at SP2300 and does look like it wants to sell a little. Personally, I wouldn't advise holding short VIX SCAM position overnight OR go all in shorting them and holding overnight. I do see higher prices (in the short term) for VIX SCAMs down the road. IMHO
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Post by theMist on Jan 26, 2017 12:52:10 GMT -5
Come on my babies!! Rollover one more time and go RED for theMIST and Walnut!!
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Post by theMist on Jan 26, 2017 12:55:03 GMT -5
VXX 19.18-19.21 is level to watch when/if we get rollover today. That breaks and then we retest lod. IMO
VXX 5 min MACD Histogram indicator bearish. VXX 15 min MACD Histogram indicator look like it wants to rollover.
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Post by theMist on Jan 26, 2017 13:02:08 GMT -5
Walnut - not sure if you saw my question yesterday re buy/sell trade imbalance data?
Do you or anyone else have access to this data? Very useful for front running the daily close.
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Post by walnut on Jan 26, 2017 13:09:09 GMT -5
There used to be a website that had this information. Now it seems like the exchanges are trying to get paid for it. I'll keep looking Walnut - not sure if you saw my question yesterday re buy/sell trade imbalance data? Do you or anyone else have access to this data? Very useful for front running the daily close.
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Post by theMist on Jan 26, 2017 13:17:28 GMT -5
Seriously need VIX SCAMs to rollover. They are really testing that resistance at VXX 19.36ish.
If that level breaks, then I'm hoping its just for a GAP fill and then rolls back over and should at least retest 19.36ish (neckline)
IF this turns out to be a iH&S bottom pattern -- it measures around VXX 19.70 range.
Trump on CNBC right now. Hopefully, he will save us. lol
Seriously, be careful. I have to present both sides of what I see.
Still holding for now and contemplating lightening up at least. For now still hanging in there.
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Post by walnut on Jan 26, 2017 13:19:11 GMT -5
One positive- VIX index still 10.96. No one is thinking panic yet whatsoever. Not saying it couldn't happen, but maybe not at hand yet IMO.
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Post by theMist on Jan 26, 2017 13:25:52 GMT -5
Updated VXX chart. Testing that resistance line. Can go either way. Have to be careful
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Post by walnut on Jan 26, 2017 13:33:22 GMT -5
VXX is 68% February contract right now. That is up 1.2 % today. VIX at 10.97 is up a tad but really still very low.
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Post by theMist on Jan 26, 2017 13:38:43 GMT -5
VXX is 68% February contract right now. That is up 1.2 % today. VIX at 10.97 is up a tad but really still very low. Good to hear walnut. You should post your thoughts more often. Your thoughts are helping me in keeping on the large short TVIX trade. I literally just had my finger on the SELL button about a min ago in order to lighten up on my short TVIX. Today's HOD so far is turning out to be tough resistance for the VIX SCAMs but still have to be careful. I've been lucky quite a bit with boldly averaging UP my short VIX SCAM position on a daily basis. Hoping I can get lucky one more time... And still looking for that rollover
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