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Buying the Dips

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#1 salam

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Posted 18 September 2017 - 06:33 AM

Dear All

 

Since the breach and close above 2460, my indicators have been firmly back ST/IT/LT Bullish.

 

I have been scalping long for beer money but mainly have been in cash since returning from vacation.

 

2480-92 will be a Gift on the long side as a buy entry, as I see the bias for the next 2-3 weeks minimum as bullish!

 

Targets appear to vary from 2520-2565. Nevertheless, I will continue scalping the long side, and enjoy the daily ATHs talk on the goggle boxes.

 

Till we all get booolish together, I can't see an IT turn.

 

As always, Trade Safe!

 

Best Wishes, Salam


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#2 redfoliage2

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Posted 18 September 2017 - 07:37 AM

There will be no short of dips this week.



#3 csw2002

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Posted 18 September 2017 - 08:14 AM

There will be no short of dips this week.


Can you please elaborate? We shouldn't short or there will be no dips or both?
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#4 redfoliage2

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Posted 18 September 2017 - 09:11 AM

I meant there will be lots of dips this week. 



#5 salam

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Posted 18 September 2017 - 09:20 AM

I meant there will be lots of dips this week. 

 

I hope so Red! Vix saying the opposite sadly


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#6 NAV

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Posted 18 September 2017 - 09:21 AM

I meant there will be lots of dips this week. 

 

Dips will be there every week. It's just that nobody wants to buy them. Everyone is looking for the next top.

 

I am looking to get back on the long side today. Hope i get a dip to dip my toe back in.


"It's not the knowing that is difficult, but the doing"

 

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#7 NAV

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Posted 18 September 2017 - 09:28 AM

To even think of shorting intraday, you need a break below SPX 2505. If we don't break 2505 in the first hour, we will trade in a sideways bull flag all day.


Edited by NAV, 18 September 2017 - 09:29 AM.

"It's not the knowing that is difficult, but the doing"

 

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#8 redfoliage2

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Posted 18 September 2017 - 09:28 AM

This is just an aftermath from the QW OpEx.  You will see dips as soon as tomorrow, if not in the afternoon today.


Edited by redfoliage2, 18 September 2017 - 09:29 AM.


#9 salam

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Posted 18 September 2017 - 11:24 AM

 

I meant there will be lots of dips this week. 

 

Dips will be there every week. It's just that nobody wants to buy them. Everyone is looking for the next top.

 

I am looking to get back on the long side today. Hope i get a dip to dip my toe back in.

 

 

Exactly! Fear of missing the top! We are in uncharted territory re major indices...

 

...still scalping.

 

Ty for posting re your Account Money management BTW NAV. Very clear and disciplined sir.


I'm not sure what my future holds... But I know who holds it.

#10 robo

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Posted 18 September 2017 - 03:32 PM

This is just an aftermath from the QW OpEx.  You will see dips as soon as tomorrow, if not in the afternoon today.

I bought the dip too.  A small position....

 

 

Good trading tomorrow - Bulls and Bears....

 

 

Dear

The following order executed on 09/18/2017 at 9:58 AM, Eastern time: 

Account: 
Transaction type: Buy
Order type: Market

Security: PROSHARES ULTRASHORT QQQ 2X NEW JAN 2014 ETF (QID)
Quantity: 400 share(s)
Price:* $15.31


Edited by robo, 18 September 2017 - 03:33 PM.

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