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#41 salam

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Posted 24 September 2015 - 04:38 AM

I disagree. Think there is a big drop coming. The ramp up from 1917 to 1936 looked like a "Short Seller Fumigation" session. I guess we'll see.


Missed the oppurtunity this am to reshort at 1947. (my limit order at 1950 may yet get filled)

Futures have reacted back down below 1937.

No plans to cover. Think I might take a break for a few days and spend the chips I have taken off the table:)

I have a past tendency to overtrade when Im doing well. Trying to get over past bad habits.

1971 is a possibility, but 1953 will offer solid resistance first I think
I'm not sure what my future holds... But I know who holds it.

#42 TechMan

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Posted 24 September 2015 - 05:10 AM

I disagree. Think there is a big drop coming. The ramp up from 1917 to 1936 looked like a "Short Seller Fumigation" session. I guess we'll see.


Disagree with today being a critical session? Disagree with my comment about a follow-through selldown today could lead to more downside? Disagree with a rally today may take the SPX to 1971?

Which one is it?

Critical session tomorrow. If there's no follow-through selling tomorrow, then it's rally time to 1971. If the selling resumes, then down we go.



#43 csw2002

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Posted 24 September 2015 - 06:09 AM

Sailing through turbulent waters...

It has survived Asia session, and now, after initial selldown, it looks like it may be able to survive Europe session as well.


Posted Image


ES has traded to 1910. It looks to me that unless we retrace and retrace quickly, we are about to burst through the floor and go a lot lower. Appreciate your thought on how you think would unfold.
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#44 TechMan

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Posted 24 September 2015 - 06:47 AM

ES has traded to 1910. It looks to me that unless we retrace and retrace quickly, we are about to burst through the floor and go a lot lower. Appreciate your thought on how you think would unfold.


Pretty good trading opportunities here. Glad I'm not staying up for nothing. Just sold the above referenced 1917.50 support break for a few fast money points. And now I'm long 1910. I'm using part of that house money for my 3-point stop.

This is all Europe. If the selling continues into the regular session, then wait for the mean reversion to get out of long positions. If the selling continues into the close, then it's likely to bounce on Friday before going lower. We'll see.

#45 csw2002

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Posted 24 September 2015 - 07:06 AM

ES has traded to 1910. It looks to me that unless we retrace and retrace quickly, we are about to burst through the floor and go a lot lower. Appreciate your thought on how you think would unfold.


Pretty good trading opportunities here. Glad I'm not staying up for nothing. Just sold the above referenced 1917.50 support break for a few fast money points. And now I'm long 1910. I'm using part of that house money for my 3-point stop.

This is all Europe. If the selling continues into the regular session, then wait for the mean reversion to get out of long positions. If the selling continues into the close, then it's likely to bounce on Friday before going lower. We'll see.


Thank you. Always appreciate your input. If we were to sell down in regular session, where would you expect the mean reversion to come back at? I assume it would be below 1910.
Don't be a fool like me - How I lost $10K

#46 TechMan

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Posted 24 September 2015 - 07:39 AM

Thank you. Always appreciate your input. If we were to sell down in regular session, where would you expect the mean reversion to come back at? I assume it would be below 1910.


Intra-day market action is hard to tell. I know for sure there will be mean reversion bounces, but I don't know when and how much until the trading begins.

#47 TechMan

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Posted 24 September 2015 - 08:01 AM

Out at 1914.75 (+4.75). Oh well, gotta go over my work for some cash session options action.

Edited by TechMan, 24 September 2015 - 08:01 AM.


#48 TechMan

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Posted 24 September 2015 - 08:41 AM

And closed the remainder of my SPX long at 1926 (-4). Good trading, guys.