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Post by theMist on Mar 6, 2017 10:13:11 GMT -5
nice my wire transfer just hit IB -- will save the dry powder for now
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Post by theMist on Mar 6, 2017 10:16:05 GMT -5
VXX chart Do you see the red hollow candle with horizontal support and some descending support?? VXX hit 17.26 so far and that was close enough but should get below VXX 17.24 still IMO I don't see anything in S&P chart to make me nervous with keeping short tvix position on at this point still but keep an eye on S&P and this spot in VXX. IMO VXX timeframes still bearish VXX 17.28 photo uploading
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Post by theMist on Mar 6, 2017 10:18:54 GMT -5
Come on my babies!! Retest all time lows!! VXX 17.31
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Post by theMist on Mar 6, 2017 10:22:25 GMT -5
Watch this level in VXX if tries to put in bottom candle with confirmation.
So far, its consolidation just above horizontal support and I'm not really concerned.
but keep an eye on hourly also
VXX gets below VXX 17.24 and next stop is VXX 16.93 to watch. IMO
VXX 17.35
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Post by walnut on Mar 6, 2017 10:30:12 GMT -5
I'm only 5000 short and that amount I would not be too worried about leaving on. The next sale is daytrading if it will bounce a little.
Dangit almost had a sale
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Post by walnut on Mar 6, 2017 10:35:18 GMT -5
8000 short average 17.41
And just like that SnP looking spooky
Thats the trouble with setting demanding limit buy orders. When it hits your price, it is headed in the wrong direction by default.
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Post by theMist on Mar 6, 2017 10:37:01 GMT -5
Keep an eye on hourly -- we'll know by 11am EST what candle it puts in and even if green hammer -- we don't want to see it confirm and want to see next hourly candle or even this candle turn red VXX hit lod of VXX 17.26 and is obviously bouncing a little in this area like I said it could but need to see this turn into consolidation for another leg lower contango still over 13-14% always keep dry powder VXX Hourly upload gambar
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Post by theMist on Mar 6, 2017 10:40:13 GMT -5
lol - I hit the transmit button by accident
I'm now short TVIX 20k lol I'm going to stick with it
VXX 17.41, TVIX 4.34
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Post by walnut on Mar 6, 2017 10:40:14 GMT -5
By your standards I have lots of dry powder
IB still gives enough rope to give your neck a strong jolt at the gallows (that is a joke haha)
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Post by theMist on Mar 6, 2017 10:49:28 GMT -5
Gotta keep pounding the SCAMs!!
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Post by theMist on Mar 6, 2017 10:53:58 GMT -5
Watch VXX Hourly
coming up on 11am EST
Would like to see VXX drop back down before 11am but if doesn't and puts in green hammer candle, want to see next candle be bearish engulfing and not confirm the green hammer candle
VXX 17.44
S&P is still selling but its slow and controlled still and not effecting VIX SCAMs much at all and SCAMs are even red which is nice!
we should be fine holding VIX SCAM short. IMO
It will take some really hard prolonged selling in S&P for them to go green and stay green and IMHO the worst case scenario but don't see it happening
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Post by walnut on Mar 6, 2017 10:56:53 GMT -5
VXX Still looks bearish on the hourly. Would like the bearish engulfing too.
SNP a little spooky still
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Post by novie08 on Mar 6, 2017 10:57:48 GMT -5
What is contango at this point? Am confused, markets way down, scams way down?
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Post by theMist on Mar 6, 2017 10:58:26 GMT -5
What is contango at this point? over 14% !!
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Post by walnut on Mar 6, 2017 11:00:29 GMT -5
Scams want SnP to behave. Now it is, so VXX can drop a little.
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Post by theMist on Mar 6, 2017 11:03:05 GMT -5
Nice! That's what I want to see!! VXX Hourly put in spinning top instead of green hammer candle Spinning top represents indecision and much better than green hammer candle VXX 17.42 But still want to see spinning top be followed with a nice VXX red bearish engulfing candle -- and we're still not out of the woods completely just yet. Next hourly candle will complete by noon EST
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Post by walnut on Mar 6, 2017 11:19:25 GMT -5
SnP and VXX have almost no pattern together anymore
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Post by theMist on Mar 6, 2017 11:21:41 GMT -5
S&P bouncing off support in this area and trying to put in green hammer candle on S&P Hourly AND I just realized something -- today's gap down in S&P didn't fill the BREAKAWAY GAP completely and left a little gap on the upside that needs to be filled (S&P 2375.94 - 2375.23) screenshot on pc
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Post by walnut on Mar 6, 2017 11:25:24 GMT -5
I bought some weekly 18 VXX calls earlier this morning
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Post by theMist on Mar 6, 2017 11:25:37 GMT -5
SnP and VXX have almost no pattern together anymore I know what you mean -- the correlation is breaking a little with VXX rising along with ES on this bounce But VXX still looking bearish to me and these small bounces are ripples VXX 17.48
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