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PD has been holding strong......pull backs are on low volume.....advances on high......waiting to get out of my shorts hopefully on the next pull back.....oil hit one month high yesterday. Ideally pulls back next dayor two with gold on the rampage.....would be ideal time to cover short position and load up full tilt on the gold shorts on thursday close or friday open etc.
covered half of pd at 64......now at 63 but holding strong d espite oil getting whacked in the open.....will see what the last 30 minutes looks like if downside momentum picks up.
Back in the same boat.....short 8k at 63.00.. could have covered at break even or hold .....at least for half a point....mmmm....ultimate poker game
Gonna hold dem......last time was was short with average at 66.00 only to watch they slam it down to 58.75.......like the bid ask tension
everytime it rallies to 64.50.... 5k on the ask shows up....... 60k volume in the last hour not bad will love to see a COTL...
Also short 1k BCE dog of the telco industry....blew it up to 26.53...... now trading below the open.....would like to see the heavy pressure return on the ASK from the mut funds...this stock as not been able to hold a bid from the mid 28.40s....pounded mercilessly. Close shorts way too earch inthe high 26.88....left a full point on the table
.....well looking to reposition in the next two days
Great room. Heard Adrian T. (a trading coach known for her work studying the psychology of traders) that got me thinking - she also said there is no Holy Grail - the Holy Grail is you.
Go ahead and use systems that assist you in your thinking, but it comes down to you being the one who pulls the trigger - i.e., who makes the decision.
http://www.trade-ideas.com
Short Precision Drilling hopefully will get some pullback for a scalp trade....up two points .....looking for a half point give back tomorrow.
Nem position short order was closed out 45.25
Nem power house today.......expect fake to the upside when CNBC commented that gold stocks overvalued ....what do they do ?......takem higher and squeeze the shorts.....lol
xau Filled downside jan 13/04 gap nicely now needs to back fill and head lower......look to closing out the short tomorrow at the latest.....don't like being short golds over night as they are in a primary bull trend....period.
Nice to see the xau pull back smartly in the last 15 minutes......had they pushed it to the HOD then i would be sweating......30 cent drop in no time.....lol
closed out scalp short......
looking to reshort NEm.....46.64
qqq
pp=35.751
r2=36.221
r1=36.01
s1=35.541
s2=35.281
lookingto close short at 35.59
Trans bounced off the 50dma
sox bounced off the previous pivot lows
vix back below 10dma
bkx broke DT(joined the trans/sox) from previous days
Covered Nem at 45.85.....have to learn to take profits off the table....was up almost a buck at 12:30 when it bottomed at 45.20....next thing i knew wicked bounce.....gold stocks very resilient.
covered for 0.30.....shorted qqq at the close.....35.77.....looking for merely a scalp trade in the morning to close before 11:00.
QQQ
pp=35.335
r1=35.47
r2=35.72
s1=35.09
s2=34.95
market has been in straight up trend since last thursday blowing through all PP like butter .....hitting tops an d taking out Keltner Channels
If a pull back occurs would look at buy in the QQQs in the 35.40 range
Short Nem..
SS NEm=46.15......Stop=46.60
k....back in on Tuesday.....now 100 per cent cash.....closed out QQQ's short posn on friday between 33.72-33.78.......in threes. Looking towards PDG hitting the top of the rising channel to go for a scalp short and outside upper BB.
System to be revamped...not happy with results.....back to the drawing board.....moving averages are slow in predicting direction.....best to read the tape....support/resistance key indices etc....time of day....daily rhythms.
x2(b1) sell at 14:50 hrs....qqq32.05
x1(b2).....brink of going to sell.....
qqqs at 32.15
x2...b1b2...both buys
x1(b2) xo.....10:03....qqqs at 31.40
now 31.72
x1(b2) just gone to buy.......
x4(b2) just about to xo to buy
x1=b2 went to sell on 12:09 hrs on friday....monday morning pinch attempt 10:03...turned back first attempt...
x2(b2) and x3(b2) buy several days very strong
x4=on sell still trying to turn up
Power outage lasted 25 hrs......will enter system signals in the morning ....going to call it an early night. This weeks big data will be michigans numbers tuesday and house sales data and i believe HPS number after the bell tues also.....later.
all signals in the first and last 30 minutes will be negated to avoid whipsawville......
Will need to clearly define s/r on the indices
x1=b1b1 sell mode confirmed
x2=b1 sell...b2...buy.....conflictingwith x1 no posn
x3=b2still on buy
x4=b1....sell.....b2 about to generate a sell
auxillary dow in sell territory
x1....x3....b1s couple of whipsaws......less relevance
x1...x4....b2s are all on buy mode
slow day ...
x1=b1 gave sell 1340...b2 on buy since aug 7 1230 approx.
x2=b2 buy since 11-8....1240 hrs
quick drop on no news......dow up 60,,,,flat
my my oh fast things change....lol
first three signal gave b1s
but within last 30 minute of day....little emphasis
the system has been on buy for ever.....
x1=b2 not violated...since 11/07/03....10 30 ish
x2=b2 buy since open
x1=b1 went back to buy yesterday at 1548 hrs.....and b2 went to a buy this morning at 1042
x2=b1 buy yesterady at 1512 hrs....sell today at 1110 and b2 still in sell mode
x3=b1...1502 yesterday buy...sell at 1050...buy at 1130....b2 still on sell mode
x4=b1...buy at 1546(yesterday).....b2 buy at 1034...today
tardy with system updates but once x1 goes on a doubl e sell its a whammy .....the others follow in sink
x2=b2 sell 10:50hrs
x4=b1 went sell 0948
x1=...b2....just about to go to sell mode.....now or never
x1=b1
x2=b1.....both sell...first 30 minutes will see if hold
all systems go....unbelievalbe no sign of a turn
x1=just negated sell....head fake ?
x2=b1 negated at 1242 hrs
x1=b1 and x3=b1 on threshold of being negated.....
moment of truth
system status:
x1=b1 sell.......b2....neutral
x2=b1 sell......b2 buy
x3=b1 sell b2 buy
x4=b1 buy but close to changing......b2 buy
x1=b1......to a SELL
x3=b1sell......
x2=b1 sell 1051
x1=b1 touching to go to a sell
x2=whippy.....back to buy......its gotta be Greeney....))
x2=b1...sell again 1218 hrs
x1=b1...negated 1021 hrs
x2=b1 negated 1006 hrs
x3=no change
x4=no change
system status....
x1=b1 sell.....b2.....buy...but neutral
x2=b1 sell....b2 still buy..neutral
x3=b1b2 buy
x4=b1b2...buy
x2=b1...sell...0951 hrs
x1=b1.....sell
x3=b1...back to buy...1452 hrs
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