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Post by theMist on Feb 15, 2017 12:56:10 GMT -5
VXX 17.20 at an inflection point as I type
I believe VXX rolls back over
Keeping mental stop near HOD
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Post by walnut on Feb 15, 2017 12:58:33 GMT -5
I sold some at 17.21
Not real confident short term but could work.
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Post by theMist on Feb 15, 2017 13:00:21 GMT -5
I sold some at 17.21 Not real confident short term but could work. I'm keeping mental stop in case they hit the S&P sell button and VXX turns higher. But in our favor, VXX did triple spike and formed a slanted H&S pattern -- just a question if it plays out today We have decent odds and in our favor VXX 17.19 VXX 15 min indicators looking like it wants to rollover VXX Hourly indicators still bullish
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Post by theMist on Feb 15, 2017 13:01:39 GMT -5
Come on my babies!! For the thousandth time!! lol
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Post by theMist on Feb 15, 2017 13:05:44 GMT -5
Nice! Nice! My babies!! Bearish engulfing candle on 15 min VXX chart! Just need it to close bearish!
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Post by walnut on Feb 15, 2017 13:05:47 GMT -5
Down bitches!
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Post by theMist on Feb 15, 2017 13:09:44 GMT -5
I want to see VXX close out that 15 min candle by 1:15pm EST bearish and engulfing
close it out around 17.12-17-14 area OR even lower
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Post by theMist on Feb 15, 2017 13:12:27 GMT -5
CNBC
Rosengren - leaning more neutral from dovish sees at least 3 rate hikes this year
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Post by walnut on Feb 15, 2017 13:12:41 GMT -5
I know its not a true bearish engulfing yet
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Post by theMist on Feb 15, 2017 13:14:00 GMT -5
I know its not a true bearish engulfing yet Have to be careful they don't reverse it to upside I'm up slightly so far on trade VXX 17.15
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Post by walnut on Feb 15, 2017 13:16:40 GMT -5
bought back at 17.16 guess not confident enough
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Post by theMist on Feb 15, 2017 13:18:27 GMT -5
closed out the 15 min candle. Would have liked to have seen that candle more bearish and engulfing. VXX still trying to make up its mind which way to go. VXX 5 min indicators bearish, 15 min looks like wants to roll a little, VXX Hourly bullish VXX 17.16 Need next 15 min candle to rollover bearish gotta keep pounding - lol
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Post by theMist on Feb 15, 2017 13:23:22 GMT -5
bought back at 17.16 guess not confident enough You got a trade in and made a little $$ So sitting and watching today still paid off a little today is not an easy trading environment when it comes to the SCAMs They are up significantly with S&P up significantly -- something we're not used to seeing
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Post by walnut on Feb 15, 2017 13:28:05 GMT -5
As SPY rises, VXX also rises in anticipation of red SPY candle. It is fairly tricky today.
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Post by theMist on Feb 15, 2017 13:34:56 GMT -5
VXX 5 min price action has gone flat and tight range bound
VXX 5 min MACD Histogram looks like it wants rise back up to zero line; MACD is bullish
VXX 15 min MACD Histogram coming down slowly and not rolling as hard as I would like to see it. But still a little time. MACD is bullish still
I may jettison out of this trade real soon. Just giving it a little more time
VXX 17.17
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Post by walnut on Feb 15, 2017 13:36:30 GMT -5
This backwards relationship of VXX movement tends to forecast a pullback in the market IMO but it is not foolproof.
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Post by walnut on Feb 15, 2017 13:36:49 GMT -5
whoop there you go haha
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Post by theMist on Feb 15, 2017 13:37:24 GMT -5
Nice! Nice! My Babies! Needed that break lower! Just need VXX to break back down below channel support -- testing it as I type VXX 17.08
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Post by theMist on Feb 15, 2017 13:48:03 GMT -5
A very familiar pattern I've seen with the SCAMs for quite some time. They spike once, twice, then on the third time is the spot to short them. I just like to get a little confirmation in this case when shorting them. Here is VXX 15 min chart -- you can see the 3 spikes to HOD with pullback after 3rd spike. I only watch for it on 5 min and 15 min charts. and they usually quick spike outside their UPPER BB on these smaller time frames. VXX 15 min chart free upload
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Post by walnut on Feb 15, 2017 13:53:08 GMT -5
I tried chasing it on the way down but never got any. Oh well
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