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kiy

01/09/18 8:09 PM

#18468 RE: handsdo #18467

Good...this could get interesting or the crooks run price UP some more...

You can trade this and set a stop loss(if price gaps through the stop loss you can just cover or decide if you want to try and ride it out...don't have to watch it all the time...A lot of the time it's overnight moves that make the bigger moves...you can't watch 24/7...I've tried...

Rule of thumb is risk %5 to make 10%...but you really don't have to wait for the 5% down if you have a solid support/resistance line to focus on like the $4.80 that I pointed at...(I don't like TVIX below $4.80 now and I would try to be out real fast...and then I buy the next reversal of $4.80.

S&P...I'd like to see 2690/2695 but it may not/isn't going to go there in a straight line like UP does...UP doesn't have to follow rules... (down has to listen to technicals...UP doesn't...lol)

Swing trading I'm trying to get 2plus days of down...with an average of 15 points a day...
Daily chart has a nice support line at 2680...

Daily CCI 20 may not be ready for down when this intraday cycles ends= so 60minute may need to cycle UP to overbought level and try to convince daily to go down...
Daily chart... the KAMA is a trendline (I hope you read recent posts I did about KAMA) I call it a waterline...you can see price has only closed below that waterline once since August...I expect to see some closes below that line...(When is the tough part; I don't know...Market doesn't listen to me anyway...)