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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.

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

 

“I have heard many men talk intelligently, even brilliantly, about something – only to see them proven powerless when it comes to acting on what they believe” - Bernard Baruch

 


#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.


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

 

“I have heard many men talk intelligently, even brilliantly, about something – only to see them proven powerless when it comes to acting on what they believe” - Bernard Baruch

 


#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)


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

 

“I have heard many men talk intelligently, even brilliantly, about something – only to see them proven powerless when it comes to acting on what they believe” - Bernard Baruch

 


#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.

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

 

“I have heard many men talk intelligently, even brilliantly, about something – only to see them proven powerless when it comes to acting on what they believe” - Bernard Baruch

 


#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.


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

 

“I have heard many men talk intelligently, even brilliantly, about something – only to see them proven powerless when it comes to acting on what they believe” - Bernard Baruch

 


#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.


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

 

“I have heard many men talk intelligently, even brilliantly, about something – only to see them proven powerless when it comes to acting on what they believe” - Bernard Baruch

 


#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.


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

 

“I have heard many men talk intelligently, even brilliantly, about something – only to see them proven powerless when it comes to acting on what they believe” - Bernard Baruch