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Post by Herceg on Jan 30, 2017 10:34:31 GMT -5
Mist and Walnut, both of you take trading to a new level.............I don't have the $$$ or Nads to do what you both do...........BOL to you both and the scams even though up today, will last only a short while...................I'm sure you both will reap big rewards..........
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Post by walnut on Jan 30, 2017 10:38:05 GMT -5
Might be a good place for you to short VXX at 20 herc, OR NOT haha
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Post by theMist on Jan 30, 2017 10:38:28 GMT -5
Still have to be careful today Walnut -- SCAMs still have those upside gaps to fill
I may have to leave in few mins. Arguing with wife which is not good when trying to trade and watch charts.
I may have to leave to accompany her on Dr.'s appt.
Still short SCAMs
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Post by theMist on Jan 30, 2017 10:39:48 GMT -5
Might be a good place for you to short VXX at 20 herc, OR NOT haha Or wait a few more days and see if fills gap VXX 20.29-20.50. Depends on your trading style - daytrading/scalping or longer term Don't see it happening today though
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Post by theMist on Jan 30, 2017 10:43:46 GMT -5
S&P bottom candle didn't get confirmation. Have to be careful still
Next TVIX GAP is at 5.96-6.09.
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Post by walnut on Jan 30, 2017 10:44:44 GMT -5
Yeah I know a little ugly
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Post by walnut on Jan 30, 2017 10:46:33 GMT -5
Another leg down likely
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Post by theMist on Jan 30, 2017 10:48:44 GMT -5
Yeah I know a little ugly Still hanging in there Those red arrows on my S&P chart hit and then some. lol Backtest of breakout is failing. Should have bounced and there's still time but have to be careful still. NOT GOOD ACTION
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Post by walnut on Jan 30, 2017 10:54:32 GMT -5
Maybe we are around the bottom.
I'm planning to stick with it for awhile. This has become a pullback but almost always the scams head back down shortly. If this becomes a major correction I will take my lumps and resell as it comes back down.
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Post by theMist on Jan 30, 2017 10:57:06 GMT -5
Watching to see if that next BREAKAWAY GAP gets filled OR acts like resistance
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Post by walnut on Jan 30, 2017 10:57:23 GMT -5
Trump's travel bans might have triggered this partially
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Post by theMist on Jan 30, 2017 10:59:02 GMT -5
I still say SCAMs still rollover a little today. Tomorrow is another story...
TVIX currently trading at 5.89
contango curve still looks good. contango at 9.80% so far. we'll see if that changes
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Post by theMist on Jan 30, 2017 11:02:20 GMT -5
BTW - S&P is putting in an Island GAP reversal so far. A rare reversal pattern.
S&P gapped up and traded up for 2 days and then gapped back down.
S&P should start to bounce. I still say today's selloff is over sold for today
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Post by novie08 on Jan 30, 2017 11:03:08 GMT -5
I still say SCAMs still rollover a little today. Tomorrow is another story... TVIX currently trading at 5.89 contango curve still looks good. contango at 9.80% so far. we'll see if that changes Just kicking myself for not holding UVXY long... we know those gaps will fill. Sometimes gotta take the s-t pain.
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Post by theMist on Jan 30, 2017 11:06:14 GMT -5
Honestly, I have a feeling we are about to enter a rough trading environment. Today's action is ugly. Honestly.
If I take a loss today and so far I am at a loss right now, then I literally halve my trading account balance to discipline myself to not go large.
Goal is not to give back house money. And I still say they rollover a little before EOD.
Also, not good that wife is pissed off at me now for not going with her. I just can't, especially right now.
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Post by Herceg on Jan 30, 2017 11:07:26 GMT -5
I still say SCAMs still rollover a little today. Tomorrow is another story... TVIX currently trading at 5.89 contango curve still looks good. contango at 9.80% so far. we'll see if that changes Just kicking myself for not holding UVXY long... we know those gaps will fill. Sometimes gotta take the s-t pain. I know how you feel Novie, but better to take a small loss than watch it spiral out of control...................happen to me far too many times.......
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Post by theMist on Jan 30, 2017 11:10:43 GMT -5
VXX chart -- should backtest that green moving average at 20
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Post by theMist on Jan 30, 2017 11:11:34 GMT -5
Hang in there Walnut IMO
S&P dip buyers should step in.
TVIX currently at 5.82
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Post by novie08 on Jan 30, 2017 11:14:59 GMT -5
Yes looks like markets MAY have bottomed for the day...if they turn green, kudos to you guys and Oscar. Bottoms so hard to call, lol.
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Post by theMist on Jan 30, 2017 11:15:01 GMT -5
Come on my babies! One more time for theMist and Walnut!!
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