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Post by walnut on Feb 1, 2017 12:06:55 GMT -5
Yep I might add when those scams drop like a brick
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Post by theMist on Feb 1, 2017 12:10:12 GMT -5
And I'm honestly glad that today's move in S&P covered the red hollow portion of yesterday's candle. So now all we need is markets to reverse and bounce hard to upside and go green and going forward we will not have to worry about a short term move to upside in S&P having to drop back below the candle.
The only caveat is I wish the SCAMs would have backtested that VXX 19.39 break already -- so it still remains a possibility can happen during FOMC announcement so have to be prepared.
VXX is at 19.12 as I type -- only a small paper loss on the day
Make that 19.08. lol
Now we're going to be kicking ourselves for not shorting more when they just made that new HOD. lmao
No, but seriously, keep dry powder my friend.
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Post by walnut on Feb 1, 2017 12:10:57 GMT -5
Here's my target for this afternoon pinestoneco.com/I'll close them too but I'm sure they want credit
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Post by walnut on Feb 1, 2017 12:11:51 GMT -5
I think our odds are pretty good today still
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Post by theMist on Feb 1, 2017 12:14:30 GMT -5
I think our odds are pretty good today still We want markets pulling back with S&P red going into the meeting IMO And so far we're getting it. By the time the FOMC meeting announcement hits and markets remain like this -- VXX will probably be making new LOD before the announcement. lol You can always take some profits then BUT I think your fine with 6k VXX position and you do have lots of dry powder with margin / day trade buying power. VXX 19.11 I really do like the action - DOW now negative and S&P down around 4 and TVIX is down 3.3% !
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Post by theMist on Feb 1, 2017 12:30:22 GMT -5
Yep I might add when those scams drop like a brick For today - you should be adding when they are rising, especially if they go green IMO Your waiting to get the ALL IN confirmed/promise move to the downside by then you will have missed a ton of profit. lol And I still think chasing them further will be profitable. We honestly should have added on that pop. lol In a perfect world, I would have liked to have seen the SCAMs spike a lot with the big 2 day selloff we just had and with all those UPSIDE GAPs getting filled. And then when they filled the GAPs and started to turn down -- that would have been my ALL IN SIGN to ride them back down and possibly leave short positions on overnight. But we obviously didn't get that. So now we still have those UPSIDE GAPs that do concern me. If your not comfortable with your VXX 6k trade, you can lighten up in a few mins. During the announcement they will probably be all over the place for a few mins BUT I still feel the end result will be SCAMs heading down. VXX is now trading at 19.05! Look at that!! Are you kicking yourself for not adding more short now?! lol I'm talking about from day trading perspective. But seriously always keep dry powder.
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Post by walnut on Feb 1, 2017 12:31:29 GMT -5
Rob we may be the only ones in here today lol Herc made his money and now he's gone
Why don't you move down here to Tulsa and I'll set us up a first rate trading room
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Post by theMist on Feb 1, 2017 12:34:09 GMT -5
VXX is rolling over (such a beautiful site) and keep in mind doesn't necessarily have to fill the upside COMMON GAP to 19.39. They can keep dropping like a brick without filling it. VXX 15 min
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Post by walnut on Feb 1, 2017 12:34:50 GMT -5
beautiful maybe should have sold at 19.20
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Post by theMist on Feb 1, 2017 12:37:46 GMT -5
Are you calling my setup cheap! ROFLMAO. Just kidding my friend.
I know I can definitely do better than what I currently have. Thanks for the offer. Not sure my wife would like. Maybe one day I could visit. I do have family in Fort Smith, AK, Tucson AZ, and Dallas Fort Worth area.
I'm using Scottrade with level2 with Verizion FIOS 150/150. Just about the best I can do for home setup.
BTW - Been meaning to ask you -- have you ever had access to HFT platforms with level 3?
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Post by walnut on Feb 1, 2017 12:43:56 GMT -5
You can get 1920's Italian renaissance mansion in high end neighborhood for around 800k in Tulsa. Due to the oil glut. Actually the market is messed up, my mid scale house is worth 450k right now, I could slide right over to a mansion. For the time being. Gonna be looking
My home setup is nothing special
I could do better but i'm kinda cheap
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Post by theMist on Feb 1, 2017 12:44:46 GMT -5
VXX Hourly looking real strong in our favor New Note: Do you see how strongly VXX shot up outside its UPPER BBs the other day and was extremely overbought in short term? That's VXX way of widening the BBs. From there the move for VXX was to get back in the BBs and should counter that strong overbought condition with a strong move to downside and push on lower BBs (currently VXX 18.81). Keep in mind this is VXX Hourly chart
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Post by novie08 on Feb 1, 2017 12:55:58 GMT -5
Rob we may be the only ones in here today lol Herc made his money and now he's gone Why don't you move down here to Tulsa and I'll set us up a first rate trading room Sounds good but please don't forget us!
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Post by walnut on Feb 1, 2017 12:58:32 GMT -5
certainly!
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Post by walnut on Feb 1, 2017 13:01:52 GMT -5
contango 11.44 and vix at 11.83 this all looks good
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Post by theMist on Feb 1, 2017 13:03:23 GMT -5
CNBC just said FOMC not expected to raise today -- could be good sign
Also, Walnut not sure if you saw this from my earlier post -
BTW - Been meaning to ask you -- have you ever had access to HFT platforms with level 3?
I picture you writing complex Algos for HFT.
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Post by novie08 on Feb 1, 2017 13:06:15 GMT -5
I know you aren't talking to me but I thought Level 3 cost a small fortune?
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Post by theMist on Feb 1, 2017 13:08:03 GMT -5
VXX 19.04 19.00 lol
I did increase my TVIX short position but didn't get great pricing. Too busy writing my daily soliloquy! lol
My TVIX cost avg is right around where its trading at 5.21 and now kicking myself for not adding a little more earlier
27k short TVIX
But Walnut - always trade within your comfort zone when taking positions and not within my comfort zone. It will take time to turn you into a cowboy like me. lol
Trading is going to start getting eratic as we approach the announcement.
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Post by theMist on Feb 1, 2017 13:09:06 GMT -5
I know you aren't talking to me but I thought Level 3 cost a small fortune? Thx Novie. Didn't think you were with us and watching. And Yep - its definitely for the big boys!
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Post by walnut on Feb 1, 2017 13:09:54 GMT -5
CNBC just said FOMC not expected to raise today -- could be good sign Also, Walnut not sure if you saw this from my earlier post - BTW - Been meaning to ask you -- have you ever had access to HFT platforms with level 3? I picture you writing complex Algos for HFT. I have written some Java trading bots. But my strategies have not been HFT and I doubt I could compete in that area. I have wanted to upgrade to level 3 but can't justify it
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