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Same pattern...


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#1 NAV

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Posted 30 November 2017 - 09:35 AM

Gap and run...sign of a runaway market.

 

Went long @ 2636 for a trade.  Stop 2632 for now.

 

I don't know if this is going to be a day trade or swing trade or if it's lasts for more than a few minutes. I am a pavlovian dog attracted to this pattern now. If things don't work out i will get out in a heartbeat.


Edited by NAV, 30 November 2017 - 09:37 AM.

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#2 NAV

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Posted 30 November 2017 - 09:38 AM

At the same time i am looking for a potential short in the QQQ in this crazy bifurcated market. I will short that i get a setup.


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#3 OEXCHAOS

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Posted 30 November 2017 - 09:45 AM

All that does is take risk off. Probably a good move.

 

Anyone following on, note well, he's doing all this with stops. That's critical to his likely success!


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#4 NAV

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Posted 30 November 2017 - 09:50 AM

No follow thru. Moved my STOP to SPX 2635.9 (breakeven)


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#5 da_cheif

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Posted 30 November 2017 - 10:05 AM

u guys         napoleon.gif 



#6 NAV

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Posted 30 November 2017 - 10:12 AM

Gap and run like a scalded cat did not work today. They gave a decent pullback. 5 points is a decent pullback in this market :-)

 

Bought again at 2638 with a 2633.4 stop.


Edited by NAV, 30 November 2017 - 10:14 AM.

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#7 NAV

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Posted 30 November 2017 - 11:22 AM

Took 8 points on half the position. Will ride the rest with a breakeven stop.


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#8 NAV

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Posted 30 November 2017 - 12:36 PM

Dumped another 1/4th at 2652 for +14 points. 

 

Holding the last 1/4th for the final euphoria after the tax bill passes.


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#9 OEXCHAOS

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Posted 30 November 2017 - 12:57 PM

Nice trading!


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#10 NAV

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Posted 30 November 2017 - 01:05 PM

Thanks Mark. Getting nosebleed now ....price very far from all EMAs on all timeframes.


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