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Post by walnut on Feb 23, 2017 9:10:09 GMT -5
Scams so far not moving right again.
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Post by walnut on Feb 23, 2017 9:11:33 GMT -5
VXX hates this February parabolic SPX move. That is a fact
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Post by theMist on Feb 23, 2017 9:20:04 GMT -5
DOJI in on ES 15min and next candle rocketing higher. lol
But will know by 9:30am EST if that doji confirms to downside. Doesn't look like it will as of right now and looks to be continuation.
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Post by huh on Feb 23, 2017 9:21:21 GMT -5
Huh - if your still logged in -- what have you been up to lately my friend? Still working on friend's business? Yep, day and night. Busy with the daily order processing, macro coding and creation of multiple spreadsheets, and all while inputting all of the daily record keeping and reconciliations for last year. Going well though. Already cut the necessary processing time for one aspect of the daily order processing by ~75%. (and that covers about 1/2 the daily work). Working on the other half now. Hopefully will be done by EOM. Then he can hire someone and I'll quickly train them.
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Post by theMist on Feb 23, 2017 9:23:12 GMT -5
VXX hates this February parabolic SPX move. That is a fact They're definitely not trading right. I hope that they get back to normal programming and you are right about another leg lower. That would line up with another solid move higher in S&P. That could happen with news of Tax Reform Or News can have opposite effect. But if S&P keeps screaming higher to my SP2460ish target then my Bear Hat definitely comes on.
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Post by theMist on Feb 23, 2017 9:26:07 GMT -5
Huh - if your still logged in -- what have you been up to lately my friend? Still working on friend's business? Yep, day and night. Busy with the daily order processing, macro coding and creation of multiple spreadsheets, and all while inputting all of the daily record keeping and reconciliations for last year. Going well though. Already cut the necessary processing time for one aspect of the daily order processing by ~75%. (and that covers about 1/2 the daily work). Working on the other half now. Hopefully will be done by EOM. Then he can hire someone and I'll quickly train them. What kind of business is it Huh?
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Post by walnut on Feb 23, 2017 9:26:58 GMT -5
For implied daily drop on VXX I get .075 or 7 1/2 cents. That is pretty high.
The percent to apply is .00443
So that is a little over 4 cents for TVIX
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Post by huh on Feb 23, 2017 9:28:06 GMT -5
Yep, day and night. Busy with the daily order processing, macro coding and creation of multiple spreadsheets, and all while inputting all of the daily record keeping and reconciliations for last year. Going well though. Already cut the necessary processing time for one aspect of the daily order processing by ~75%. (and that covers about 1/2 the daily work). Working on the other half now. Hopefully will be done by EOM. Then he can hire someone and I'll quickly train them. What kind of business is it Huh? Buys and sell gift cards (ecommerce).
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Post by theMist on Feb 23, 2017 9:29:43 GMT -5
For implied daily drop on VXX I get .075 or 7 1/2 cents. That is pretty high. The percent to apply is .00443 So that is a little over 4 cents for TVIX Awesome! Thanks!
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Post by theMist on Feb 23, 2017 9:32:55 GMT -5
lol
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Post by theMist on Feb 23, 2017 9:35:41 GMT -5
Wait for S&P to close morning gap before shorting VXX IMO But I could be wrong. They are trading strange.
VXX 17.90
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Post by walnut on Feb 23, 2017 9:36:43 GMT -5
Sold 20 more options contracts for 18.5 but expiring tomorrow.
Sold 20 more. Now I'm short 10k shares worth expiring tomorrow and next Friday
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Post by walnut on Feb 23, 2017 9:42:13 GMT -5
Need scams to drop now
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Post by theMist on Feb 23, 2017 9:44:29 GMT -5
Sold 20 more options contracts for 18.5 but expiring tomorrow. Sold 20 more. Now I'm short 10k shares worth expiring tomorrow and next Friday Have to be careful today. IMO
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Post by theMist on Feb 23, 2017 9:48:48 GMT -5
Need VXX to get back in that triangle and at least get back to apex. This whole pattern can be turning into a short term bottoming pattern. Have to be careful and watch how backtest of triangle goes. not nervous yet -- move above VXX 18.40 and I would be adult image
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Post by theMist on Feb 23, 2017 9:50:12 GMT -5
Come on my Babies! Fall back to the apex line! Which is right around VXX 17.86
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Post by theMist on Feb 23, 2017 9:52:08 GMT -5
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Post by theMist on Feb 23, 2017 9:55:31 GMT -5
VXX right at backtest of triangle -- can go either way. Need S&P to stay calm and let contango work on SCAMs posted image
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Post by walnut on Feb 23, 2017 9:57:29 GMT -5
Market neutral, VXX nervous acting. Seems like it might fall though
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Post by theMist on Feb 23, 2017 9:59:07 GMT -5
Market neutral, VXX nervous acting. Seems like it might fall though VXX broke out to upside of that triangle and it is in a good spot. Backtesting as I type. I'm hoping VXX falls back within it and lower. Just need S&p to stay calm BUT if S&P goes red that will be problematic. VXX move above 18.40 would confirm double bottom in VXX jury is still out. I'm hoping we have at least one more leg lower in SCAMs. All along these quick bursts in upside in SCAMs have been headfakes.
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