SPX 1253.5 is the bull-bear line for today. I am still holding my longs from SPX 1265 with a Stop and reverse to short at 1253.5.
This is tiring. Too much of overlapping moves. Time for a directional move.
Posted 03 October 2016 - 11:47 AM
SPX 1253.5 is the bull-bear line for today. I am still holding my longs from SPX 1265 with a Stop and reverse to short at 1253.5.
This is tiring. Too much of overlapping moves. Time for a directional move.
Posted 03 October 2016 - 01:03 PM
Sadly... sideways is a directional move...
Only the brokers make money, and that's how they like it.
Posted 03 October 2016 - 01:15 PM
Agree ... also been especially tricky intraday last week lots of fast V's intraday and partial signal/whipsaws ,I looks for shorter timeframe setups but stop setting was really tough last week.
Posted 03 October 2016 - 01:20 PM
still think next big move comes when currencies finally move....perhaps GBP first tremor today
DXY wound up about as tight as it gets here....see if starts moving pretty soon.....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 03 October 2016 - 01:27 PM
feels like the game of 'get them off the bus' before a trending move via tiring/boring short term traders.
EXACTLY !
Not to mention that the sentiment gets neutralized. Remember a couple of days back how the bulls and bears were in a verbal war on this board. Now all of a sudden the board has become mum. That's the setup for big moves.
My best trades come after these boring/frustrating days.I don't expect it to be different this time.
Posted 03 October 2016 - 01:35 PM
SPX 1253.5 is the bull-bear line for today. I am still holding my longs from SPX 1265 with a Stop and reverse to short at 1253.5.
2153.5, 2165. Sorry for the typo.
Posted 03 October 2016 - 02:18 PM
SPX 1253.5 is the bull-bear line for today. I am still holding my longs from SPX 1265 with a Stop and reverse to short at 1253.5.
2153.5, 2165. Sorry for the typo.
Understandable, your subconscious caused you to write the correct numbers for where the SPX should be trading...
Posted 03 October 2016 - 05:19 PM
I actually had a passable day today. Snagged 5 for the service.
What I don't like, however, is that I had to move away from standard discipline in order to do it. I KNOW the market is trying to train us to settle for less, right before a big move.
M
Mark S Young
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Posted 03 October 2016 - 08:01 PM
remember a dash of buy ur sells and sell ur buys, along with DB stands for dip buy or dumb bear.
Posted 04 October 2016 - 07:47 AM
And the option sellers, we love sideways markets lol!!