22 replies to this topic

[NAV]

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.

[NAV]

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.

[OEXCHAOS]

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!

[NAV]

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

[da_cheif]

u guys          

[NAV]

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.

[NAV]

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

[NAV]

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

 

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

[OEXCHAOS]

Nice trading!

[NAV]

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