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Post by theMist on Feb 7, 2017 10:03:14 GMT -5
Great all 3 scams now filled their morning gaps
I'll post VXX chart in few, I'm still creating layouts and adjusting to new chart setups
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Post by clinton on Feb 7, 2017 10:03:59 GMT -5
missed CLD pop again grrrr
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Post by theMist on Feb 7, 2017 10:09:06 GMT -5
VXX 5 min chart - watch descending channel. VXX could sidestep it out of it just to widen it. I don't see SCAMs popping much today if they decide to break out over that red upper falling resistance The lower highs (descending channel) is still intact and until that gets violated -- SCAMs should still be headed down. Especially with contango at 12% picture upload
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Post by theMist on Feb 7, 2017 10:13:44 GMT -5
S&P is bull flagging (consolidating) for move higher
And all 3 SCAMs filled their upside morning gaps. Should grind lower now. IMO
And of course speaker Ryan just came on CNBC now. lol
VXX 18.79, TVIX 5.08
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Post by walnut on Feb 7, 2017 10:14:09 GMT -5
This seems like a good time to sell a lot of scams but I'm already at -8000 VXX and until I am playing with the brokers money again I am trying to hold off.
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Post by clinton on Feb 7, 2017 10:16:28 GMT -5
LONG KORS at 35.14
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Post by theMist on Feb 7, 2017 10:18:33 GMT -5
This seems like a good time to sell a lot of scams but I'm already at -8000 VXX and until I am playing with the brokers money again I am trying to hold off. You added when VXX went green on that morning gap fill? That was a good place to add a little more short IMO if you did. I was too busy playing with charts and getting the perfect layout. lol Just have to watch CNBC and politcians on TV. Always have to keep dry powder. As for charts, vix futures, contango, everything lining up. Just keep watching S&P, VXX charts What is your cost avg?
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Post by clinton on Feb 7, 2017 10:19:59 GMT -5
Michael Kors Holdings (NYSE:KORS): FQ3 EPS of $1.64 beats by $0.01.
Revenue of $1.35B (-3.6% Y/Y) misses by $10M.
now at -15%
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Post by theMist on Feb 7, 2017 10:20:26 GMT -5
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Post by walnut on Feb 7, 2017 10:21:28 GMT -5
This seems like a good time to sell a lot of scams but I'm already at -8000 VXX and until I am playing with the brokers money again I am trying to hold off. You added when VXX went green on that morning gap fill? That was a good place to add a little more short IMO if you did. I was too busy playing with charts and getting the perfect layout. lol Just have to watch CNBC and politcians on TV. As for charts, vix futures, contango, everything lining up. Just keep watching S&P, VXX charts What is your cost avg? Net of commissions 18.765 sold quite alot earlier in the morning and 3000 higher
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Post by clinton on Feb 7, 2017 10:22:15 GMT -5
I love buying stocks that have the bottom drop out on earnings that arent really that bad.
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Post by theMist on Feb 7, 2017 10:23:21 GMT -5
Have to be honest - not feeling so great today. Feel like I'm burning up a little
Everyone in house has been sick.
Need to say focussed. still short 25k tvix
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Post by theMist on Feb 7, 2017 10:26:23 GMT -5
You added when VXX went green on that morning gap fill? That was a good place to add a little more short IMO if you did. I was too busy playing with charts and getting the perfect layout. lol Just have to watch CNBC and politcians on TV. As for charts, vix futures, contango, everything lining up. Just keep watching S&P, VXX charts What is your cost avg? Net of commissions 18.765 sold quite alot earlier in the morning and 3000 higher You'll be fine. Just need to time your trades a little better and be a little more patient. Myself included. But remember, I'm playing with house money so have higher risk tolerance. And if trade goes against me, I have plenty of dry powder to avg up my short TVIX position.
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Post by walnut on Feb 7, 2017 10:26:40 GMT -5
I love buying stocks that have the bottom drop out on earnings that arent really that bad. If management does not lie about next quarters guidance they drop
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Post by walnut on Feb 7, 2017 10:33:11 GMT -5
VIX not moving but the scams very sensitive to the ES today
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Post by theMist on Feb 7, 2017 10:36:34 GMT -5
The little pop in SCAMs is because VXX just broke above that red resistance line. Remember, it has to backtest it now.
Just shorted 10k more tvix 5.13
Watch VXX 18.99 level for today. Caution if goes above it. IMO
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Post by theMist on Feb 7, 2017 10:38:35 GMT -5
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Post by theMist on Feb 7, 2017 10:40:56 GMT -5
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Post by walnut on Feb 7, 2017 10:41:31 GMT -5
It settled back down a bit mr buzzkill haha
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Post by theMist on Feb 7, 2017 10:45:23 GMT -5
It settled back down a bit mr buzzkill haha Trump on CNBC Walnut - You should duplicate on your charts exactly what I have as far as all indicators (MACD, MACD Histogram, BBs), moving averages (simple moving averages on Daily time frame -- all smaller ones use exponential), trendlines, etc. Timeframes 1min, 5min, 15min, 30 min, Hourly, 4Hour, Daily, Weekly, Monthly, Yearly. Multiple layouts, groups, etc. So that we're on the same page. Use log scale. We're in a Bull market and trading the SCAMs has been very accommodating. THERE WILL BE A TIME (AND HOPEFULLY NOT FOR MONTHS) WHERE THE ENVIRONMENT WILL CHANGE AND THE MOVES WILL BE SO FAST THAT I CAN'T POSSIBLY CHART, TRADE, TYPE MY DAILY DIARY, LOOK AT JACK'S DRAWINGS, SPEND TIME WITH BEER DRINKING YOU KNOW WHATS...AND POST FAST ENOUGH. lol THE MOVES WILL HAPPEN SO FAST. My goal is to have you (and anyone else on the Board) become an expert chartist and technician and will be able to call the moves without me. Also, hopefully by then you will have excellent trading judgment and exercise patience along with excellent risk management strategies. Going forward, I will be asking YOU as to what YOU see going into the day's trading...
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