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Glad im not the only one. The 401k point was just me rambling haha.
Can def see strong USD becoming the next sell catalyst think the wakeup will happen if USD/EUR become equal. I will just be happy if we continue to swing up and down each week.
Good points. Hey as long as they leave breadcrumbs as a trail i will follow. Not going to stop eating because i think its all f'up. Looking back at oct. Yeah def worst month for me prelude to that it seemed like easy money and it was. I ignored bullishness due to flawed perception of what i thought was possible, even though bull indicators were starring at me it was more like deer in headlights,
so true, think they will make it look believable to a certain degree. Say there is QE forever the free money can be used to go short on the market as well right? Big Banks will still get rich if the markets dive.
This way when it comes time for corp bailout again the FED can buy back SPY at lets say 175 instead of 310 dollars lol. It will just be enough to keep 401Kers living, But not well off and still very reliant on there "intervention"
you forgot the most important gap 213 to infinite. :p
GM Deej
Nooo screams the hft algo IT department!
http://www.marketwatch.com/story/nyse-joining-nasdaq-in-eliminating-stop-orders-2015-11-18?siteid=rss&rss=1
hunt stop algo's toast? They will have to come up with something else now. Lol
that's tight for sure but a big range still. 188-215 my guess is the later since the slow stoch is pointing up and we had a correction with that huge pivot at 182. just enough to lay a nice long wick piercing that top band.
then poof all the retirement money goes bye bye.
60 min is def favoring your calls at the moment. usually they weasel a macd cross over then shake out makes a double b i grab some then.
yeah im watching 60min As of now its showing potential pivot
SS is oversold pointing up
MACD is hitting the signal line
ADX still bearish
But its shorter term moving averages are inverted and that is weighing on any real advance
hanging in cash at the moment. I might grab some nov 20 207 calls for a scalp if things shape up a little.
impressive trading there bud. Glad your killing it!
"Form of fighting terrorist" i was thinking that as well. If the markets plunged every time these radical idiots did an attack we would be to vulnerable its good manipulation exist for times like this. But profiting from "knowing" is evil.
I was able to take small profits this morning on my trade fortunately, thought the way ah ended last week i would have made a decent gain:/
Thanks for the respo usd. I agree with everything except the AH action on friday was controlled by the news in Paris. Futures nosedived more and so did spy-1.64. News dropped 4:15 ish et.
chrashcade does this include what happen AH friday? I have that aug 20th friday feeling right now.
Yes
thats is amazing Bet great trading. Dont let them take anything back!
agreed
stopped just shy of the gap from 10/22
HA yeah its a sign alright the last poor slob that bought the nov 27 one he/she cant even sell last price 1.63
ive been watching it for a few weeks it actually catches a bid when spy is up.
want to buy some 208.80 calls?:P
yeah im watching vix seems on the verge of popping off.
ok i see that angle now
Gap closed? i dont see that yet..
close 207.74
high today 207.06
Hi UsD
I agree ive been reluctant to use them. I like the idea of being in control and keeping a hawk eye while my trade is live.
I have a trade open at the moment and have to break away today. So i considered using the trailing limit method to let it ride out. I was thinking using the delta and dividing by what i think a natural pull back would be before a continuation and use that as a starting point this way i wouldn't get stopped out.
GM all
Does anyone use trailing stop limits on any of there options trades? If so can u
Share your method ie. How much do u usually leave trailing for a decent buffer? .10 .20...... Or more?
I saw that strike too, think maybe option writer booboo?
Choppy at best till we see some shorter term moving averages crossover imo. The bull can kick in at any moment till then.
you plan to hold calls over night?
Sucks about your puts.
any pullback until we see some real bearish indication on the daily is only to suck in shorts premature imo then we have the bot surge days AKA running stops up over the next hurdle.
that has been the story for the past 5 weeks can it go longer?
Might be the $trong USD story as well if we start seeing some red days.
Ahh the 195 gap my mistake its not lower then the base. I think that would be a steep drop at this point but you could be right that may be pivot on a longer handle. If that is the case i dont think we would see new highs in 2015 like i think they are aiming for. 205 handle would give enough time to rally to new highs in 2015 imo
I think so The U shape cup is perfect maybe to perfect? Iand if you draw out a handle 205 seems to fit the bill. The gaps lower would kill the pattern bc there lower then the current base.
Right! 205 could be the pivot back @ the bottom of the handle the way i picture it happening.
slow stochastic finally moved slightly down on the 1 year. The end of the world is near! Lol
Kidding aside watching for blow off high volume day. Thinking we shake out weak hands on the market with a vicious few weeks of selling forming the handle on the cup.
Blowoff top tomorrow? Thinking so, was trying to snag a few calls before eod but decided to keep powder dry just incase good drop comes after frantic buying after jobs repo.
looks like an imperial star ship.
queue the darkside theme music here.
With that down commercial jet makes me wonder. Obviously planed, so who knew the plans and who yanked there money? Or is it just coincidence?