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You call plays, my days of calling SPY are over lol Just try to trade what i see on hourly chart trying some new theories.
Feds a joke. Shutting off CNBC and reading ZH with a grain of salt has helped me.
Yup Silver rally is even beating gold this year percentage wise. Ive seen it rise with the usd at times its trading very technically which is nice for a change.
But SPY be calling me back like pookie in new jack.
Ahh yes all that energy built up since they went tight back in early aug released in one day not surprising. Its was just a matter of when i played for a squeeze way to early so i wasnt in anything since that trade died on me. i was waiting in cash for some volitilty looks like its back! Mid bb on weekly is my bet for decent bounce. Or not?
Is CNBC in crisis mode yet? I disconnected that ishh lol
Gotcha, first time in awhile we have seen a significant move. Tantrum time Could be shaken out until yellen says what everyone already knows she is going to say.
Gratsi
Not on mine
Volume is back so surprising. Anyone know the specific date of FOMC announcement? thx
With the Prez debates on deck eom the waves may become little bigger? surfs up
sounds spot on. Long weekend here too. wait to buy any short term cons esp if someone is thinking of next friday exp.
FXY yeah i see that now.
My mistake usd is still up vs Yen
If the carry trade is still effecting spy like in the past this rally may hold all day.
USD holding up well against most pairs nothing to dramtic after the knee jerk. Silver is still popping after usd dropped and bounced back.. Not sure if carry trade is still effecting equities much but if it is usd/jpy is up thats going to spoil any sustained move higher in spy for now.
Do you think inflation is really still under there target? Im kinda thinking that data is skewed and we have normal inflation which would explain high debt data. Just wondering your thought on that im not a fundamental trader like yourself.
Lol yup i come back eventually to lose my profits from trading metal like a dog returning to puke. Spy frustrates me. I think i trade slv better cause my bias is neutral. I just always want to see spy blowup and that has proven to be worse mindset going into trades.
Yeah that seems what the market is waiting for. I haven't been following intra day on spy just waiting to see how it plays out on daily. I have been playing slv less whipping around.
Sounds like a plan to wait. When vix gets woke up from its ritual clubbing of the head options are gonna be pricey again.
I know. It should be a show. If the move isnt strong enough to break open the band it could be play the opposite direction of the initial reaction. Something you may see on a smaller time frame all the time.
Daily bb's are clamping down even more if you can imagine. Straddle could pay well going into friday imo
wish i can say i have! but i wasted most of that money on SPY going sideways lol
Megaphone anyone?
Was looking for pullback on AMD myself not happened yet. Chart going up to montly is pretty impressive. Think $12 X oct is not to far fetched.
that was it there finally
On Standard BB setting 20 it was 4 pennies shy of upper band pierce. A pierce on a flat to sloping downward band we would have sold off imo. every time price is getting close its getting pushed back.
Correction with this last 5 min Red candle the upper price is piercing the band.
Interesting that selling pulled the band down for a pierce as opposed to buying past its limits. I guess we wait for the booking candle.
LOL of course!
Stuck a nice lower BB pierce on the intraday charts. I think what wolf was saying there some games going on. If it was designed to spoof less intelligent algos to thinking a bottom got put in its working.
I see your chart got the low print today too. 214.25
200 shares Fat finger?
there is a similar pattern on daily chart April 11 when the bands on SPY got tight price tagged the midband 1 more time and there was a continuation up. Think a retest and hold of this weeks low could have the same results. 1 thing is the VIX wasnt caged in as it is now. will see amigo!
I hear ya. Im not so sure will see the bubble pop just yet but i agree with all your points. But a flash spike in the vix possibly 20ish then a crash in the vix shortly there after.
I dont think so. Although anything is possible
Good catch, SPY is also slithering its way into a MACD X on 60M trying to entice some buyers.
I agree, The mid bb on weekly is a good target i believe over the next couple of weeks.
I see it on my brokerage account, finfiz and stockcharts. Looks like phantom spike something similar to spy post ebola 2014
What are the discrepancies in gaap and non gaap? Is fwd guidance effected by either?
Never mind just notice the article you posted
Got it thx for the explanation, i know some candle pattern lingo but this one i was un familiar with.
And harami = ?
I stood corrected by loanwolf my fault netN
I understand what your saying where your spreads net debit or credit? it sounds like you have done debit so yes the risk on the short side is already covered cause you pay to enter that specific combo.
The amount of margin and risk for the specific trade in question doesnt sound right especially for a daytrade. . Ill read that info. Thanks for the post.
This little spike in action to the upside explained. Just linking the two again USD/JPY and SPY. Algo's are tied together on this carry trade again after a brief hiatus. If anyone wonders why SPY doesn't care about oil..
FWIW the yen is leaving OB on daily frame Kinda on the weak looking STO,if they bash the yen tonight. SPY will go manic imo. Anyones guess.
http://www.zerohedge.com/news/2016-07-28/algos-sends-usdjpy-spiking-through-10500-another-spurious-headline?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29