8 replies to this topic

[NAV]

Went long for a swing trade at SPX 2575 with a STOP at 2564. Hate to chase the market, but sometimes that's all the market offers.

[redfoliage2]

So lots of stops were triggered with shorts.  All the stops are clearly visible in their system which is designed to take out your stops.   That's why I usually don't use stops and instead use options to hedge..........

Edited by redfoliage2, 27 October 2017 - 10:21 AM.

[NAV]

So lots of stops were triggered with shorts.  All the stops are clearly visible in their system which is designed to take out your stops.   That's why I usually don't use stops and instead use options to hedge..........

 

Looking for a loss-free, stoploss-free, risk-free way of trading has been an eternal quest of mankind. LOL !

[Geomean]

I'm thinking the more probable count here is a B  wave in the SPX, perhaps an expanded flat. 

[NAV]

I have a measured move to SPX 2596 (min) - 2606 (max). Let's see if it gets there.

[NAV]

I'm thinking the more probable count here is a B  wave in the SPX, perhaps an expanded flat. 

 

B waves take more time and complexity than A waves. Look at this wave from the 2544 bottom. It's been a slingshot recovery. That's impulsive behaviour.

[OEXCHAOS]

Strong Market!

[alexnewbee]

strong 5 stocks.

 

twitter.com/NorthmanTrader/status/923921375961772032

[alexnewbee]

The only time since 1990 that the S&P 500 was up this much (> 0.75%) and at a new high, with this few advancing vs declining stocks, was November 18, 1999.

Anyone trying to use conventional historical precedents for this market (*hand raised*) is flying blind.

From Northman trader tweet.