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Post by walnut on Jan 26, 2017 13:55:45 GMT -5
I just don't know if it can make money on your trading schedule. I think it will make good money pretty soon though haha
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Post by theMist on Jan 26, 2017 13:59:54 GMT -5
With each passing moment its looking better and better that the SCAMs will rollover one more time.
For this to be a bottom pattern (iH&S), the right shoulder is wayyyy too stretched now and favors SCAMs rolling back over. SCAMs should be retesting lod again very soon
However, I do wish we had that daily buy/sell imbalance data going into the close.
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Post by theMist on Jan 26, 2017 14:01:16 GMT -5
Nice! Nice! Come on my Babies!
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Post by theMist on Jan 26, 2017 14:04:23 GMT -5
Keep an eye on that VXX 19.18-19.21 area. VXX just bounced a little at 19.22.
Needs to break though that area
VXX 15 min indicators swinging in our favor
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Post by walnut on Jan 26, 2017 14:07:11 GMT -5
VIX futures are even for the day and I figure the scams are likely to come down some.
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Post by theMist on Jan 26, 2017 14:08:37 GMT -5
VXX updated 5 min chart
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Post by theMist on Jan 26, 2017 14:14:53 GMT -5
Thank You Sweet JESUS!
I ain't kidding you. Lot of prayers went up to the Good Lord since 1:30pm EST
Enjoy the ride back down in VIX SCAMs my friends!
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Post by theMist on Jan 26, 2017 14:23:51 GMT -5
Still short 40K TVIX! Thank the Lord! TVIX currently trading at 5.25. Looking for TVIX to test $5 bucks now. However, not a bad spot to lighten up a little on trade now that they are red and before the final hour. New Note: I just took some short TVIX off. Now down to 30k short TVIX as I feel it will continue to drop lower still going into close. We really NEED that daily buy/sell trade imbalance data going into close!
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Post by theMist on Jan 26, 2017 14:32:01 GMT -5
Walnut - what are you seeing in VIX Futures and contango? More importantly - Is contango completely priced into the SCAMs for today?
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Post by walnut on Jan 26, 2017 14:32:42 GMT -5
I want to be in the 18's on VXX
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Post by walnut on Jan 26, 2017 14:33:46 GMT -5
Contango is looking good but there is probably not the same kind of downward pressure that had been built up by the end of last week.
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Post by walnut on Jan 26, 2017 14:37:12 GMT -5
I don't think you guys have looked at my odd story on the lounge page.
If I say it is interesting, then it is interesting, dammit haha
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Post by theMist on Jan 26, 2017 14:39:47 GMT -5
I want to be in the 18's on VXX I strongly feel you will get it before we get any spike in volatility. S&P still looks bullish and I strongly believe now that after yesterday's GAP up in markets with follow through today, the S&P will continue higher for some time before considering dropping back down to S&P 2284. The big question going into today was whether or not the markets backtest the breakout. Obviously, as of today, they still haven't. So, basically, the markets have broken out with a nice BREAKAWAY GAP up and are RUNNING. My short term outlook now has turned to Bullish. In long term, I've always maintained Bullish stance. I'll post S&P chart in few mins. As for our short VIX SCAM positions -- We're cooking with gas now my friend!!
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Post by theMist on Jan 26, 2017 14:40:12 GMT -5
I don't think you guys have looked at my odd story on the lounge page. If I say it is interesting, then it is interesting, dammit haha Promise to read it after market close.
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Post by walnut on Jan 26, 2017 14:42:46 GMT -5
we were in the 18's for a minute
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Post by theMist on Jan 26, 2017 14:49:19 GMT -5
Remember when I said VXX was making candles completely outside its lower BBs on 4 Hour chart and that it could sidestep it back into the BBs.
Guess what it did?! It sidestepped back in acting like Bear Flag. I see VXX possible bottom (FOR TODAY) at 18.77. Trying to judge move given that we only have a little over an hour of trading left in the day.
That's where lower BB is currently at looking at Hourly VXX chart. Just not sure we will have enough time left in trading day.
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Post by theMist on Jan 26, 2017 14:50:39 GMT -5
we were in the 18's for a minute Let your short VIX SCAM position ride more going into close Unless there's some HUGE sell imbalance going into the close that I don't know about -- I see it going lower into the close. I've even re -upped my short TVIX back up to 30k BUT looking to take profits as drops lower. TVIX currently trading at 5.23
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Post by theMist on Jan 26, 2017 14:56:49 GMT -5
Looking at VXX Daily Chart and its saying more downside for VXX. Indicators are all STRONGLY in our favor and most of all price action is cooperating.
Lower BB on VXX Daily is at 18.38 currently. VXX has more room to run to downside.
All this of course is assuming Nuclear War doesn't breakout or China doesn't implode overnight
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Post by theMist on Jan 26, 2017 15:03:38 GMT -5
VXX 15 min just put in hammer candle outside its lower BB, that's why we're bouncing a little and it has confirmation. Should still rollover going into close.
We really need that buy/sell imbalance data.
Sorry I can't watch and draw on charts and trade and post to the board at the same time.
Taking some profits now. 20k tvix short now. TVIX currently at 5.25
Final hour can sometimes be tricky
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Post by walnut on Jan 26, 2017 15:26:24 GMT -5
I am fighting that old habit to take smallish profits at end of day. I am sticking with it
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