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Post by walnut on Feb 24, 2017 9:39:18 GMT -5
Not trading but that looked like an easy 10 cents
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Post by theMist on Feb 24, 2017 9:39:20 GMT -5
I sold TVIX 10k and took profits. Will trade it aggressively but looking to go long it now and instead of short it.
Finally a winning trade with my newly opened IB account. lol
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Post by Herceg on Feb 24, 2017 9:39:44 GMT -5
OLED, ACIA, FL, HPE
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Post by theMist on Feb 24, 2017 9:40:25 GMT -5
Not trading but that looked like an easy 10 cents Keep it to quick scalps if you are shorting them. We have a confirmed channel break in S&P and S&P is in the GAP area as I type. Also, VXX double bottom measures low 20s so be careful. IMO
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Post by walnut on Feb 24, 2017 9:41:02 GMT -5
I'm going to have to go to work before long so I'm mainly just watching
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Post by theMist on Feb 24, 2017 9:43:19 GMT -5
SPY futures to this moment look like a rounded bottom forming already? Can't trust it though. No way, putting in a bounce but is definitely trying to put in a larger topping pattern. I'll post chart
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Post by walnut on Feb 24, 2017 9:44:16 GMT -5
Yeah I know, I was looking at the wrong time scale
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Post by theMist on Feb 24, 2017 9:44:23 GMT -5
ES out of its steep rising channel and looking to form a large top. Also, shows on S&P cash charts. We're definitely out of the steep rising channel. Here is the possible neckline of possible H&S. To confirm H&S top needs to break below neckline with successful backtest. I know its early but its definitely trading lately like a short term top image hosting 30 mb
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Post by lasvegas77 on Feb 24, 2017 9:51:46 GMT -5
Thanks guys. You are really cool too. Themist, good trade for you yesterday. I'm shorting vxx at 18.81. Trying for a scalp.
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Post by theMist on Feb 24, 2017 9:53:39 GMT -5
VXX tags 18.58 and it closes the gap from yesterday HOD. Can still drop down to close morning GAP up completely but I think it will be unlikely but could be wrong. I'm not even sure VXX will drop to 18.58 as well. We'll see.
i'm looking to re-enter the long TVIX trade again in IB. Still holding 10k in Scottrade and will hold for mid term and possibly through some much needed upside Breakaway GAP fills.
Using IB to trade.
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Post by lasvegas77 on Feb 24, 2017 10:00:12 GMT -5
I covered at 18.71. Pretty decent week for me.
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Post by walnut on Feb 24, 2017 10:01:09 GMT -5
Even with this modestly increased volatility, VXX hist volatility is 38% right now, up from about 35% a few days ago. Out of the money VXX 2 week call options are priced at 70% implied volatilities. Seems like there should be a way to sell those with a managed risk and make money.
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Post by lasvegas77 on Feb 24, 2017 10:01:14 GMT -5
According to forexfactory the president speaks right now.
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Post by theMist on Feb 24, 2017 10:01:23 GMT -5
I covered at 18.71. Pretty decent week for me. Awesome stuff!
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Post by theMist on Feb 24, 2017 10:03:13 GMT -5
According to forexfactory the president speaks right now. He's coming up on CNBC as well VXX at top of its upper BBand back within it with that pullback just now -- watching 15min
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Post by theMist on Feb 24, 2017 10:04:53 GMT -5
Looks to be trying to form a top still. ES should curl back down and this should be a RS BUT if ES rises above all time high and puts in a head test and gets above it, you can scratch the pattern. post images
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Post by lasvegas77 on Feb 24, 2017 10:05:04 GMT -5
I was actually going to do much better but i accidentally had the symbol tvix in my order instead of vxx and it dropped through the price i was trying to put in. Instead of getting vxx at 19 i ended up watching it first hit the low 18.70s and luckily i caught the small bounce up for a quick ten cents. I'm probably done for the week. No use in ruining a good week with a bet. I don't know if the market will continue to drop but i don't trust it.
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Post by walnut on Feb 24, 2017 10:06:33 GMT -5
I like Trump just fine, but every day? I think the markets are getting innoculated to him, not as bad as before haha I noticed last night that Trumps face had etched a permanent impression into my tv screen. According to forexfactory the president speaks right now.
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Post by theMist on Feb 24, 2017 10:07:22 GMT -5
I like Trump just fine, but every day? I think the markets are getting innoculated to him, not as bad as before haha I noticed last night that Trumps face had etched a permanent impression into my tv screen. According to forexfactory the president speaks right now. lmao
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Post by walnut on Feb 24, 2017 10:07:44 GMT -5
I wondered about that, they were trying to give you 19 for a long time I was actually going to do much better but i accidentally had the symbol tvix in my order instead of vxx and it dropped through the price i was trying to put in. Instead of getting vxx at 19 i ended up watching it first hit the low 18.70s and luckily i caught the small bounce up for a quick ten cents. I'm probably done for the week. No use in ruining a good week with a bet. I don't know if the market will continue to drop but i don't trust it.
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