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Post by theMist on Feb 23, 2017 10:00:28 GMT -5
The move lately has been to wait until market opens and the morning pop in SCAMs and then try shorting them for a SCALP
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Post by theMist on Feb 23, 2017 10:04:47 GMT -5
VXX 15 min chart VXX is trying to use that channel to counter trend out of the steeper red descending channel that it has been in. So far it is out of it. The good thing is that there's a lot of wiggle room within that large green counter trending channel and VXX is falling back into the triangle as I type and should at least reach back to the apex at VXX 17.86 (which is neutral territory / equilibrium) VXX 18.01 upload image free
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Post by walnut on Feb 23, 2017 10:06:16 GMT -5
SP-500 took a leg up into a new channel for a reason. If it will settle into a realistic growth rate, it might make it for a while longer.
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Post by theMist on Feb 23, 2017 10:08:17 GMT -5
SP-500 took a leg up into a new channel for a reason. If it will settle into a realistic growth rate, it might make it for a while longer. The S&P channel I have drawn on my cash charts is rising at a stellar approx 80% annual rate which cannot be sustained. jury is still out with VXX they hit the S&P sell button again and S&P needs to calm down -- just about flat on the day as I type
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Post by theMist on Feb 23, 2017 10:11:09 GMT -5
ES Hourly Just tagged that lower blue channel line just now -- need channel to hold photo uploading
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Post by theMist on Feb 23, 2017 10:17:44 GMT -5
still hanging in there
VXX 18.16
move to VXX 18.40 and I'm out
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Post by theMist on Feb 23, 2017 10:19:24 GMT -5
Watching ES Hourly
that lower line got breached real quick and then ES pulled right back into the channel
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Post by theMist on Feb 23, 2017 10:23:22 GMT -5
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Post by theMist on Feb 23, 2017 10:27:41 GMT -5
vxx 18.20 gotta keep pounding!!
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Post by walnut on Feb 23, 2017 10:29:55 GMT -5
FYI I bailed on options before losing money. Scams just moving wrong direction
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Post by walnut on Feb 23, 2017 10:33:23 GMT -5
Sold 4000 VXX at 18.18
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Post by theMist on Feb 23, 2017 10:34:30 GMT -5
FYI I bailed on options before losing money. Scams just moving wrong direction If I give back some more profits today then I take a break from shorting VIX SCAMs They're strong and I don't blame you. And S&P is still in that steep channel and its still holding. S&P also has the BREAKAWAY GAP just below where price action is now and that needs to be filled. I bet it will fill with an overnight move. I'm barely hanging in there myself If VXX HOD gets breached (currently 18.25) I will probably jettison out as well. still holding short BUT not even close to the amount of what I use to short VXX, TVIX at I knew it was going to be a problem when SCAMs filled the morning gap real fast at the open. No more shorting VIX SCAMs in premarket unless they are UP a lot and real confident in trade.
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Post by theMist on Feb 23, 2017 10:34:42 GMT -5
lol be careful force is strong with SCAMs lately VXX close over 18.40 would confirm double bottom
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Post by walnut on Feb 23, 2017 10:40:34 GMT -5
got out for a nickel scalp haha
watching these second to second seems to be the only way, and that is usually not an effective strategy.
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Post by theMist on Feb 23, 2017 10:43:33 GMT -5
S&P is still rolling over
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Post by theMist on Feb 23, 2017 10:44:17 GMT -5
VXX is all over the place
one second it is VXX 18.26 then 18.19
contango still high at over 10%
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Post by walnut on Feb 23, 2017 10:45:16 GMT -5
"implied daily drop" means nothing when the scams turn sour like this.
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Post by walnut on Feb 23, 2017 10:46:12 GMT -5
term structure chart and vix still not forecasting big trouble but that can change quick
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Post by theMist on Feb 23, 2017 10:46:39 GMT -5
lol - I have S&P dropping lower and SCAMs are stuck in neutral
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Post by theMist on Feb 23, 2017 10:49:13 GMT -5
term structure chart and vix still not forecasting big trouble but that can change quick I definitely agree. Today is definitely a real nail biter. I'm still hanging in there but down and looking to get my money back and maybe make a little $$ and I'm limiting the amount I am shorting. Keeping it small. VXX 18.20
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