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Post by theMist on Feb 24, 2017 10:37:14 GMT -5
LasVegas - you should create an account. It's absolutely free and you don't get spammed. Instead of using guest login.
You can setup a nice avatar as well as setup alerts
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Post by theMist on Feb 24, 2017 10:40:46 GMT -5
Here's an article I posted over at the 'VIX, VIX ETPs, and More' thread
sixfigureinvesting.com/2016/10/is-shorting-uvxy-tvix-vxx-the-perfect-trade/
Note: Relatively minor corrections (i.e., 5 to 10%) in S&P tend to pump UYXY / TVIX up by a factor of 1.5x to 3x, larger corrections by a factor of 3x to 4.5x, Financial Crisis (2008-2009) factor of 15X.
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Post by walnut on Feb 24, 2017 10:45:22 GMT -5
Contango 14
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Post by theMist on Feb 24, 2017 10:46:49 GMT -5
Yeah - I see it (13-14%) but that has meant nothing lately and I can't figure out why. VXX might close the gap to VXX 18.58 HOD from yesterday I'm all cash in IB
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Post by walnut on Feb 24, 2017 10:47:52 GMT -5
Well it means nothing to us now because this market really seems to be rolling over for at least a while.
You could make contango gains while you are losing your butt in actual share price.
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Post by theMist on Feb 24, 2017 10:50:23 GMT -5
Normally, I would say that shorting VXX with this morning's pop up is an easy trade BUT I think the environment has changed and we need to adjust. IMO VXX is still countertrending back up. They hit the SELL button again in S&P and SCAMs will fly again VXX Hourly image hosting 10mb limit
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Post by walnut on Feb 24, 2017 10:50:33 GMT -5
I've had a serious cold come on just while sitting here since the open haha this sucks
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Post by walnut on Feb 24, 2017 10:52:41 GMT -5
Oh yeah shorting is over for now, I'll let you play the long side while I figure out how to sell VXX calls. Normally, I would say that shorting VXX with this morning's pop up is an easy trade BUT I think the environment has changed and we need to adjust. IMO VXX is still countertrending back up. They hit the SELL button again in S&P and SCAMs will fly again image hosting 10mb limit
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Post by walnut on Feb 24, 2017 10:54:36 GMT -5
There could be short scalps but their odds no better than long scalps at the moment, just a traders market
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Post by Herceg on Feb 24, 2017 10:57:42 GMT -5
Mkt. is going into snooze mode again..........
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Post by theMist on Feb 24, 2017 10:59:04 GMT -5
Trump still on CNBC
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Post by theMist on Feb 24, 2017 11:00:11 GMT -5
VXX just closed the gap to VXX 18.58 HOD
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Post by theMist on Feb 24, 2017 11:02:32 GMT -5
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Post by theMist on Feb 24, 2017 11:05:02 GMT -5
Definitely a traders market VXX 15 min indicators looks like wants to roll HOWEVER, VXX Hourly still bullish and DAILY becoming more bullish. DI lines very close to crossing bullish and ADX is still dropping. Watching VXX Daily -- VXX could be wanting to backtest the 20dsma (currently at 18.39). If it does, I would expect it to bounce hard. VXX Daily free uploader
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Post by walnut on Feb 24, 2017 11:11:57 GMT -5
Mist I ordered that old TA book that you recommended a couple of weeks ago. supposed to arrive today
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Post by theMist on Feb 24, 2017 11:14:13 GMT -5
Mist I ordered that old TA book that you recommended a couple of weeks ago. supposed to arrive today Awesome. That was the first book on TA I ever read. Amazing how Edwards and Magree put together all of that before the invention of the internet and personal computers. It's Jim's bible.
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Post by theMist on Feb 24, 2017 11:19:07 GMT -5
Glad I took profits earlier Looking to make another trade soon but not yet S&P 15min post a picture
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Post by theMist on Feb 24, 2017 11:21:44 GMT -5
VXX
Possibly backtest of 20dsma (currently at 18.38) -- daily chart
Watch for quick bounce off of it and - sometimes, price action can break below it real quick and then get back above it (VXX 18.38 20dsma)
Also, watching VXX 18.40 (that was pivot of double bottom)
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Post by theMist on Feb 24, 2017 11:36:04 GMT -5
S&P / VXX 15 min charts side by side Look at where VXX LOD is 18.40. Bounced at the pivot so far but still time. And S&P might backtest the 20dsma on daily chart (currently 18.38) if it can make it down that far. how to do a screen shot
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Post by walnut on Feb 24, 2017 11:37:43 GMT -5
VXX at 18.50. Where's the fireworks?
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