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I will take ramping up 100 points to weekly pivot 4351 and sell off from 3.30 to 4 pm. lol....
Yes. Spy 433 may be the target....
One thing i do not understand what the market is expecting jpow to say today. it's been a while everyone knows May rate will be .50 points.
Critical test.60 min chart. M65 flat and losing first pivot support.
Humans, by nature are very pessimistic. with the internet and social media the emotion got multiplied by 100 times. Warren buffet and Peter lynch says it's very easy to make money on being optimistic and taking advantage of the pull backs....
After going through 2008 markets it all made sense after few years for me why they were optimistic. Also, it's very hard to make money on short side/puts. even in bear markets look at 5-10% rallies. so, now i only hedge with puts and wait for setup for longs.
M-65 flat. above first pivot resistance on 60 min...getting close to buy signal.
Why worry on predicting when the charts are showing clearly.....You have been preaching the 60 min charts for years to catch the big moves and you used to say all it takes is 1 or 2 good trades per month. I have been looking for that kind of setup when it was always been in front of me. I tried to overtrade with 15 mins and 3 mins and results are awful. I am going to use the 60 min setup with M65 with support and resistance. thanks for all the posts...
wow..if they are expiring almost everyday, there is lot of money to be made on either selling premium or simply buying in small lotto style. wonder how the MM's maintain delta neutral...
Looking in to 60 min charts this was perfect exit from that 60 min chart....
When you doing this are you entering for M-65 cross on 15 min?
I like that simple rule.15 min indirection of 60 min M-65. Kind of prevents lot of whipsaws and against the trend.
Are you trading 60 min or 15 min charts these days?
Sorry to hear that. My condolences.
Thanks for the simple and clean charts. that 60 min M-65 would have caught nice 400 points on spx.
Omg. how many times she is going to say the same thing and fed is just sitting on hands doing nothing....
Does it have enough juice to gap fill at 4482?
who is trader71? you might have shared it before but i can't seem to find.
Interesting...wonder what it will be....
Perfect call.
Will the casino says it's already priced in and run up....as you said big h everywhere and if it breaks 4550 then it's confirmed.
Let's see what john william's says at 2pm? it should be out by now...
Yes. Seasonality wise, this week is most bullish week of the year.
man...that was some action at the end. i was stuck in lot of spx calls and was looking at -8k loss. charts are always right and i made poor decisions today. i was watching 1 min price action when it did not made new lows in the below chart i went 10 calls 4600 next Friday's. made a nice recovery. only down -1500$ eod and holding lots of next friday's 4650 calls. i need 50 points more and i will come out huge....
https://www.tradingview.com/x/gy1ndfwt/
watching 1 minute price action is amazing. every time it tries to go up sellers coming.
Yes...hopefully spx reclaims 75 points from yesterday and add 25 more by eod....
It's good you created your own board to post your thoughts. some others see as rant but i kind of read every one's opinion without bias.
i have seen some of your calls were huge gainers in the past. what % of your plays are right in a given year based on your pattern readings. i want to throw some lotto plays here and there.
What are you seeing for flash crash and how are you playing with puts?
Yes. more gains are in multi day swings. Look at spx.up 400+ points in just 11 days....10 calls holding this run would have given like 6 figures...
Did you buy? Wavex do you do swing trading holding multiple days. in 11 days spx went up 400 points. I am trying to figure how i can achieve this with options. Charts will show me that but if i buy in the money, i cannot risk more. if i buy out of money they are cheap but doesn't move much. tried all kinds of spreads and hedging but could not figure out.
Natural...welcome back...
I am not so sure this can happen eventually. these kind of crisis are not new. we have these kind of sanctions on other countries as well. Russia being considered super power militarily is the only thing but their economy is BS. So does china and other countries. they cannot sustain without west.
As long as western countries and people believe in democracy and fight for democracy west will prevail.
Western countries designed a very good free markets system(although some might say it's manipulated) but they are not afraid of big swings in currency and commodity prices. Every other country and their leaders do now allow free price discovery of commodities.even India, largest democracy does not allow true price discovery. they subsidize oil prices a lot even if the govt is taking huge losses.
Just take recent times on bitcoin and cryptocurrency. every country including russia,china,india banned them,restricted them and not sure if they even allow now. take usa and west. they are the ones who have to worry about it as us dollar is reserve currency and bitcoin can replace it. have you seen any bans on trading bitcoin. nope.
I have a feeling putin mfer will use chemical weapons.
15 min chart. above first pivot resistance.
Looks like russia is taking heavy losses of life. they are blinking.ukraine has 300k army. if the invasion itself is like this then how will they keep the occupation without heavy losses.
No country can withstand US and west open financial markets. the open financial markets even though it's manipulated etc is the best system designed and every other country is bound to fail if they are cut away.every country's (currencies,bonds) value and food prices are determined by wall street and west financial markets. sorry, no matter how many years they prepare they can't do squat without being in financial markets.except west countries all other countries leaders are short sighted and afraid of open and free financial markets and lots of restrictions which makes them to fail.
Putin sanctioned himself. if no one buys their goods, how will they get money.
I think this is the news banning oil from russia everyone was worried.sky is not falling after all.i think this will rally the markets. what else negative is left unless some nuclear disaster.
My tennis buddy is from kyiv, Ukraine and he said the same. In the first 2 days i thought russia was advancing too fast and i was surprised army of a country is folding that fast. It's sad to see the destruction but I am glad they are giving a tough fight. I never wished someone to be dead but now i am. this is fight for democracy.
Sorry to hear that.Feel better and take care of yourself.
He is very good in those levels.I am able to spot them myself on 15 min to 4 hr charts and compare to his levels. I just look at support and resistance instead of trend lines and i come close to his levels.