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Post by theMist on Feb 15, 2017 13:54:05 GMT -5
I tried chasing it on the way down but never got any. Oh well I take it you used limit order?
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Post by theMist on Feb 15, 2017 13:54:58 GMT -5
BTW -- the markets are screaming higher and higher and just about on a daily basis. This move has gone vertical and S&P doesn't even bother to really backtest or fill gaps anymore.
This will not end well! IMO
S&P hits my SP2460ish iH&S target without pulling back and I become a BEAR!
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Post by walnut on Feb 15, 2017 14:02:34 GMT -5
Yes always a penny higher than current bid that is a bad habit I have.
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Post by walnut on Feb 15, 2017 14:08:53 GMT -5
VXX is certainly bearish but SP-500 is due for a red candle, possible that VXX comes back up. I wouldn't bet either way from this spot.
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Post by theMist on Feb 15, 2017 14:09:18 GMT -5
Yes always a penny higher than current bid that is a bad habit I have. Once VXX broke lower - that was confirmation of direction.
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Post by theMist on Feb 15, 2017 14:10:13 GMT -5
VXX is certainly bearish but SP-500 is due for a red candle, possible that VXX comes back up. I wouldn't bet either way from this spot. I agree and I'm looking to take some profits VXX 15 min indicators rolled bearish and still bearish though AND I like that VXX is back down below its descending channel VXX 17.01 still holding short VXX
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Post by walnut on Feb 15, 2017 14:11:58 GMT -5
I know, that's why I was chasing it. I didn't lose anything and this scalping is a game of pennies. But I should have sent market order instead. Yes always a penny higher than current bid that is a bad habit I have. Once VXX broke lower - that was confirmation of direction.
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Post by theMist on Feb 15, 2017 14:13:47 GMT -5
I know, that's why I was chasing it. I didn't lose anything and this scalping is a game of pennies. But I should have sent market order instead. Once VXX broke lower - that was confirmation of direction. You still did awesome. It's not an easy day to trade SCAMs And honestly this market is on rocket fuel which is worrisome!
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Post by theMist on Feb 15, 2017 14:17:20 GMT -5
I know, that's why I was chasing it. I didn't lose anything and this scalping is a game of pennies. But I should have sent market order instead. Once VXX broke lower - that was confirmation of direction. You short 20-30k VXX at these price levels and those pennies add up fast
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Post by theMist on Feb 15, 2017 14:24:04 GMT -5
VXX 17.05 -- looking to take profits still. So far held a little too long. Should have covered when VXX was below 17 VXX 17.06
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Post by walnut on Feb 15, 2017 14:25:00 GMT -5
Actually I just sold a little (4000) at 17.05
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Post by theMist on Feb 15, 2017 14:25:19 GMT -5
I can't believe small caps are still RUNNING!!!!
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Post by walnut on Feb 15, 2017 14:27:05 GMT -5
We have to be ready to adjust quickly when this market changes haha
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Post by theMist on Feb 15, 2017 14:28:15 GMT -5
Actually I just sold a little (4000) at 17.05 Need SCAMs to rollover again!!! VXX 17.04 17.02
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Post by theMist on Feb 15, 2017 14:29:17 GMT -5
now 18k short VXX and that's it for me
VXX 17.01
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Post by theMist on Feb 15, 2017 14:31:15 GMT -5
We have to be ready to adjust quickly when this market changes haha Yeah -- and its not going to be good. IMO I definitely won't be holding a short SCAM position on overnight -- not even a small one. Also, looks like Feb. 28th might be date to watch. Might get hint at Trump's tax reform.
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Post by walnut on Feb 15, 2017 14:33:25 GMT -5
Bot back 6000 at 17.01 man these are tiny scalps but today does not offer the conservative trader much.
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Post by theMist on Feb 15, 2017 14:37:26 GMT -5
S&P still running higher and I honestly don't see anything getting in its way yet!
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Post by walnut on Feb 15, 2017 14:39:01 GMT -5
The way S&P is trading higher I am just concerned that it is going to cause VXX to freak out and trade inverse to normal. I can see that happening soon if the market does not slow down.
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Post by theMist on Feb 15, 2017 14:40:49 GMT -5
Mann the SCAMs are tough today
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