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Post by walnut on Nov 10, 2017 10:43:19 GMT -5
I saw that bullish cross. I agree you shouldn't be in it but also I am doubtful it will be too bad for some reason. More controlled today
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Post by walnut on Nov 10, 2017 10:48:07 GMT -5
Honestly it could still reject the cross on this 15 minute candle and that would be great.
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Post by theMist on Nov 10, 2017 10:57:04 GMT -5
I know you Walnut - you're not even going close to the BUY XIV button
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Post by ipath on Nov 10, 2017 10:57:40 GMT -5
Good Morning gentlemen, I see the old good crowd is still here trading the old good volatility. I was on a month long vacation Denver-LA-SF-SEATTLE.. then got busy catching up with work after I got back, so wasn't trading much. Didn't realize it got so difficult to borrow shares for shorting. I shorted some TVIX yesterday at 8.79, then in ah I wanted to cover but realized it may be hard to get shares to short again so I bought UVXY. Cant have short and long in the same security but thought that was a good way to get around it
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Post by theMist on Nov 10, 2017 10:57:55 GMT -5
Honestly it could still reject the cross on this 15 minute candle and that would be great. yeah, its been straight green candles on VXX 15 min chart - overdue for a roll and price action decent with the bullish cross which appears to be rejecting as I type
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Post by theMist on Nov 10, 2017 10:58:50 GMT -5
Good Morning gentlemen, I see the old good crowd is still here trading the old good volatility. I was on a month long vacation Denver-LA-SF-SEATTLE.. then got busy catching up with work after I got back, so wasn't trading much. Didn't realize it got so difficult to borrow shares for shorting. I shorted some TVIX yesterday at 8.79, then in ah I wanted to cover but realized it may be hard to get shares to short again so I bought UVXY. Cant have short and long in the same security but thought that was a good way to get around it Good to see you iPath We were getting worried about you after those Hurricanes Didn't know what was going on
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Post by ipath on Nov 10, 2017 11:03:21 GMT -5
Thanks Mist, it was not nice of me to disappear like that after getting the Senior member award I was following the market and the volatility just to stay in tune but didn't do any trading during the vacation.. just started this week again, reminds me of LV's come back after his vacation.. when volatility spiked and we made that money going long
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Post by walnut on Nov 10, 2017 11:05:03 GMT -5
TVIX never actually crossed
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Post by walnut on Nov 10, 2017 11:06:22 GMT -5
I know you Walnut - you're not even going close to the BUY XIV button Mist I really might with that rejected cross, gotta go to work I hope you get out with a nice gain still
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Post by walnut on Nov 10, 2017 11:06:39 GMT -5
Hi Ipath, good to see you
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Post by theMist on Nov 10, 2017 11:08:53 GMT -5
VXX 15 min chart Hoping for H&S pattern - needs confirm below first line (neckline) still early to call I can see VXX hitting first line (neckline) getting below it and playing out is going to be tough unless markets can rally back this afternoon
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Post by ipath on Nov 10, 2017 11:08:54 GMT -5
Hi Ipath, good to see you thanks walnut
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Post by ipath on Nov 10, 2017 11:20:41 GMT -5
I am tempted to go long TVIX, but this countertrending action can turn to either a huge spike or a complete collapse where TVIX would go down for 4-5% a day for couple of weeks. In order for the 2nd to happen the underlying reason for the nervousness needs to go away and I don't see how it would. So I say chances of TVIX at $12 before $6 at 60%
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Post by theMist on Nov 10, 2017 11:23:48 GMT -5
I agree iPath - can still go either way We need Trump to send a tweet "NO DELAY IN CORPORATE TAX REFORM"
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Post by theMist on Nov 10, 2017 11:29:44 GMT -5
ipath - The hard to borrow issues have been causing me problems also
Even now as I type, Scottrade has no shares available of TVIX, UVXY
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Post by ipath on Nov 10, 2017 11:37:22 GMT -5
ipath - The hard to borrow issues have been causing me problems also Even now as I type, Scottrade has no shares available of TVIX, UVXY The shorting volatility trade got overcrowded. They will need to let it spike big to get all the small new traders wiped out. What do you think of constantly being short TVIX a certain percentage of the account and when you want to cover you just buy UVXY in equal amount
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Post by theMist on Nov 10, 2017 11:40:49 GMT -5
ipath - The hard to borrow issues have been causing me problems also Even now as I type, Scottrade has no shares available of TVIX, UVXY The shorting volatility trade got overcrowded. They will need to let it spike big to get all the small new traders wiped out. What do you think of constantly being short TVIX a certain percentage of the account and when you want to cover you just buy UVXY in equal amount They both have varying slippage -- UVXY vs TVIX If you want to cancel out the trade (cover) then just buy TVIX if you are short TVIX. I would use the same ticker. Only small negative -- for short TVIX, you will probably pay a little margin interest depending on your broker, shares. BTW - Scottrade seems to always have VXX available for shorting - I might have to just make the switch - equity requirement is 75% -- slightly less then TVIX at 100%
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Post by theMist on Nov 10, 2017 12:07:58 GMT -5
Good sign - Buyers starting to step up and VIX SCAMs starting to rollover a little just need follow thru
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Post by ipath on Nov 10, 2017 12:10:03 GMT -5
Good sign - Buyers starting to step up and VIX SCAMs starting to rollover a little The real bulls don't care about tax reform or anything else. They know the market is going up and they are going for a ride.. Kinda like Bitcoin
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Post by lasvegas77 on Nov 10, 2017 12:32:30 GMT -5
Welcome back from your trip Ipath. I was thinking, that would have been pretty cool to run into you out in the wild: a fellow tvix shorter. Still haven't met anyone in person randomly that says, "I short tvix."
I am siding with taking a longer break from tvix. Tvix is not acting normal.
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