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#1 NAV

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Posted 27 October 2017 - 10:07 AM

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.


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


#2 redfoliage2

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Posted 27 October 2017 - 10:16 AM

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.


#3 NAV

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Posted 27 October 2017 - 10:28 AM

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 !


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


#4 Geomean

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Posted 27 October 2017 - 10:34 AM

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


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#5 NAV

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Posted 27 October 2017 - 11:03 AM

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


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


#6 NAV

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Posted 27 October 2017 - 11:20 AM

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.


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


#7 OEXCHAOS

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Posted 27 October 2017 - 01:23 PM

Strong Market!


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#8 alexnewbee

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Posted 27 October 2017 - 02:23 PM

strong 5 stocks. :)

 

twitter.com/NorthmanTrader/status/923921375961772032


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#9 alexnewbee

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Posted 28 October 2017 - 12:41 PM

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.
"we do G.d's work" Lloyd Blankfein