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My trading plan right now


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#671 SemiBizz

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Posted 25 April 2017 - 08:31 AM

Here comes the battle now 2386...

 

Support now sits at 2377

 

Well defined battleground.

 

Should be decisive.


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

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#672 SemiBizz

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Posted 25 April 2017 - 08:41 AM

2385.71 to be more specific...

 

2385.60 here.

 

and tested over to 2386.

 

Now we see.


Edited by SemiBizz, 25 April 2017 - 08:42 AM.

Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#673 lawdog

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Posted 25 April 2017 - 08:46 AM

right now is the hardest time to buy and the easiest to sell or short. i see it all the time, a good move begins, starts with a strong day, and people drop out too soon, sentiment gets/stays prematurely negative, and the markets go higher. the ff poll, if bullish at the outset, as is often the case, gets negative too soon. i'm not going to give up on this one. the setup, though nothing like feb 2016 or even november 2016, is all right and deserves some patience. i would never have guessed up 12 spx this a.m. now we have to struggle with spx 2400 and djia 21,000 and the stupidity surrounding round numbers.



#674 lawdog

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Posted 25 April 2017 - 09:09 AM

look at those idiots try to defend 21000.



#675 SemiBizz

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Posted 25 April 2017 - 09:09 AM

Today's the New Moon... good day to buy corn I was told today...

 

We jumped the creek...

 

Volume is much stronger here...

 

Interesting...

 

SOXX lagging.

 

Looking to snag some FAZ under 18....

 

So when the time comes, we'll be checking back into this range 2377-2385.


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#676 lawdog

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Posted 25 April 2017 - 09:15 AM

this is one of the reasons the little guy can still make money in the market. morons still populate the bucket shops like they did 100 years ago, only the bucket shops are now computers. remember the e-trade adds: 'let's light this candle.'



#677 SemiBizz

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Posted 25 April 2017 - 09:28 AM

The wild card here is the Nasdaq... a runaway train.

 

Using some geometrics...

 

I came up with a short term resistance at 6043


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#678 lawdog

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Posted 25 April 2017 - 09:33 AM

sold down to 55% long.



#679 lawdog

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Posted 25 April 2017 - 10:35 AM

back up to 65% long. All I did on that trade out then back in was make my broker $14.00 and some market maker a few bucks as well i suppose.



#680 lawdog

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Posted 25 April 2017 - 02:42 PM

sold down to 45% long.