37 replies to this topic

[Harapa]

I know that, but it still does move nearly 2X with it. I know it's based off the futures of both months, but it can be used sometimes as a tell of top or bottom. I just think it's screaming temporary top right now .

[Devastator91]

I know that, but it still does move nearly 2X with it. I know it's based off the futures of both months, but it can be used sometimes as a tell of top or bottom. I just think it's screaming temporary top right now.

The $VIX may be signaling a top, at atleast a temporarily pullback. That currently is my call. But it is not my call just for the fact that the VIX is low. UVXY spends an incredible amount of time at 52 week lows, so by nature, always seems like a top. Touch cookie if you are going to try and trade it. Short it for decent return on rising markets, but risk horrific draw downs if caught on the wrong side. Just look at TVIX during summer/fall '11.

Too true. Waiting for the next VIX pop to close to 20, and then maintaining a six month put on it. No, not just picking a top because VIX is low. It's simply a confirmation of every single thing out there, screaming some sort of correction imminent. Too bad it has been this way most of the month, just held up by aggressive short squeezes. Again, this market eats sentiment. So much bad news has been absorbed, so many internal signals reading top heavy, May's usual pattern broken again and still making some of the best look like idiots.

[Devastator91]

Bought SSO 171.5 weekly puts right as UVXY went green (thought I'd capture a little bit of gain with the few I had, sold them at a loss). Expecting a gap down to start the morning. Could be a turnaround wild card again or maybe a full blood bath. Will watch tomorrow very closely.

Edited by Devastator91, 22 May 2014 - 03:07 PM.

[draggen33]

I know that, but it still does move nearly 2X with it. I know it's based off the futures of both months, but it can be used sometimes as a tell of top or bottom. I just think it's screaming temporary top right now.

The $VIX may be signaling a top, at atleast a temporarily pullback. That currently is my call. But it is not my call just for the fact that the VIX is low. UVXY spends an incredible amount of time at 52 week lows, so by nature, always seems like a top. Touch cookie if you are going to try and trade it. Short it for decent return on rising markets, but risk horrific draw downs if caught on the wrong side. Just look at TVIX during summer/fall '11.

Too true. Waiting for the next VIX pop to close to 20, and then maintaining a six month put on it. No, not just picking a top because VIX is low. It's simply a confirmation of every single thing out there, screaming some sort of correction imminent. Too bad it has been this way most of the month, just held up by aggressive short squeezes. Again, this market eats sentiment. So much bad news has been absorbed, so many internal signals reading top heavy, May's usual pattern broken again and still making some of the best look like idiots.

Devastator91, thanks for your comments though, I think your right but im not as good as others . just keep it on the info or prediction level you'll be fine. Thxs for your posts

[saltlake]

A blind squirrel is more correct than what I've seen here and I've been watching for nearly 2 years.

There is a handful of posters here that are worth watching, the rest are a fade(Including me). The thing is.... that information is very useful

OOOOoo

I see now why you like knowing what Im thinking! Oh well if I can't make money off my trades it pleases me someone can!!

You are in the handful, hope I don't jinx ya

[Devastator91]

Devastator91, thanks for your comments though, I think your right but im not as good as others . just keep it on the info or prediction level you'll be fine. Thxs for your posts

Thank you all for your contributions to it. I've lurked for a good while, and glad to finally be amongst the greats. I like the spirited debates and I do look over posts during the day. It's just be a rough couple months timing wise. Just trying to keep the account afloat, as we all. Don't take offense to my earlier posts, if possible, as I was attacking TA. Never played the Forex, heard it was a lot more stable, but it's above my pay grade right now in understanding. I'm a news hound, and I believe there's only so much bad macro news the market can ignore, before a tipping point. I believe we're close to reaching a flush to record highs again. I just want to be in a position to maximize both directions.

I do have an ego (not to people but to trading), and I go all in at times without a hedge. I never seem to learn from it. We'll see. Good luck tomorrow people with skin in the game.

Edited by Devastator91, 22 May 2014 - 06:05 PM.

[diogenes227]

When you sat VIX looks like a coiled spring, you are using TA...

That is contradictory to your useless statement...

No I'm not. Just an eye test. Tell me the last time you won with TA? Yeah, thought so. I can tell when it's used and wrong on here, because this place is usually as dead as Wednesday nights church service. I see a lot of TA quotes on here, then a lot of dead air when it's usually wrong. I see UVXY is staying put for now and peeked to downside early today. VIX creeps back up on any buying weakness. Futures have rolled over and will be tested. Who really puts money where mouth is here? If you don't, you're useless and should just be called a Feckless Frontrunner.

Whoa! Is this really a newcomer or is this a name change. Sounds a lot like someone else, or several other TA deniers around here, but at the moment I can't quite put my finger on which one...

Ah, FORGET ABOUT IT!

Uh, uh, uh... Aahhhhhh, never mind...

Just CLK on this and FORGET ABOUT IT!

[pisces]

Devastator91, thanks for your comments though, I think your right but im not as good as others . just keep it on the info or prediction level you'll be fine. Thxs for your posts

Thank you all for your contributions to it. I've lurked for a good while, and glad to finally be amongst the greats. I like the spirited debates and I do look over posts during the day. It's just be a rough couple months timing wise. Just trying to keep the account afloat, as we all. Don't take offense to my earlier posts, if possible, as I was attacking TA. Never played the Forex, heard it was a lot more stable, but it's above my pay grade right now in understanding. I'm a news hound, and I believe there's only so much bad macro news the market can ignore, before a tipping point. I believe we're close to reaching a flush to record highs again. I just want to be in a position to maximize both directions.

I do have an ego (not to people but to trading), and I go all in at times without a hedge. I never seem to learn from it. We'll see. Good luck tomorrow people with skin in the game.

awesome bunch of post,,don,t worry about anything, ego and all,trying to learn etc.the market will teach you,if your account survives a couple of years of this approach consider yourself lucky,,if not try listening to the market and act accordingly.