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Replies to #45289 on lowtrade

lowtrade

07/12/16 3:21 PM

#45303 RE: mokew #45289

Oil & Gas had an all boats thing today. I see your LGCY technicals are improving nicely. My standing order @ VNR closed @ $1.45 today, on a flag break, for $1.75 target.

With GOLD; I closed my re-entry @ BAA for 25%, on the 1st red day of a parabolic run; (Rule)

LGCY
http://stockcharts.com/h-sc/ui?s=LGCY&p=D&yr=0&mn=3&dy=0&id=p52850503972

VNR
http://stockcharts.com/h-sc/ui?s=VNR&p=D&yr=0&mn=3&dy=0&id=p75401150369

BAA
http://stockcharts.com/h-sc/ui?s=BAA&p=D&yr=0&mn=3&dy=0&id=p06803913762

Also been doing some FAS/FAZ day trading on the extreme exuberance in the market. Expect the max move for the S&P to be 2200 on the Brexit "V" bottom pattern target. Then back down toward 2100 to fill some gaps below.

The 3X FAS/FAZ trades during times of market emotion give strong trade gains. Been playing that strategy for years. FAS/FAZ during fast moving markets.