Jump to content



Photo

SPX


  • Please log in to reply
34 replies to this topic

#1 NAV

NAV

    Member

  • Traders-Talk User
  • 15,564 posts

Posted 06 December 2017 - 09:55 AM

Below SPX 2642, it's not  a good idea to buy this market today, WWW notwithstanding. Buy signals from WWW have a 90% odds of succeeding. So it's not easy to fade that. 

 

Unfortunately my system flipped into a sell today. I will wait for a bounce to short the SPX today. If we exceed 2642, i will abandon my shorting mission and will start looking for a long 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

 


#2 Swiss Trader

Swiss Trader

    Member

  • Traders-Talk User
  • 1,226 posts

Posted 06 December 2017 - 10:32 AM

I am long the NQ from 6241 for a daytrade target 6330 area

Hope I am doing well....

 

image.png


                                                             tLCTRQ5.jpg


#3 alexnewbee

alexnewbee

    Member

  • Traders-Talk User
  • 969 posts

Posted 06 December 2017 - 10:35 AM

ST, imho it is a bit too early to go long here.. I would wait for about 50 points lower, and with tight stop. But could be wrong of course. )

 

May be I am talking my book, took small posi @6274. Short, SL at 6279 now.

 

will cover @6194 and take long there.


Edited by alexnewbee, 06 December 2017 - 10:40 AM.

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

#4 NAV

NAV

    Member

  • Traders-Talk User
  • 15,564 posts

Posted 06 December 2017 - 10:41 AM

Swisstrader, 

 

My system intraday bias is down for today. I am more comfortable with shorts. I could be wrong. Good luck with your trade.


Edited by NAV, 06 December 2017 - 10:41 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

 


#5 NAV

NAV

    Member

  • Traders-Talk User
  • 15,564 posts

Posted 06 December 2017 - 10:55 AM

Swisstrader,

 

I should add that my signals are for SPX and not NQ/QQQ. So my comments do not really apply to your trade. I don't follow NQ that closely.


"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

 


#6 salam

salam

    Member

  • Traders-Talk User
  • 1,004 posts

Posted 06 December 2017 - 11:19 AM

I have added 2632 area stop on the lot at 2635

 

Planning to cover 2605-20 zone


I'm not sure what my future holds... But I know who holds it.

#7 Swiss Trader

Swiss Trader

    Member

  • Traders-Talk User
  • 1,226 posts

Posted 06 December 2017 - 12:13 PM

Swisstrader,

 

I should add that my signals are for SPX and not NQ/QQQ. So my comments do not really apply to your trade. I don't follow NQ that closely.

 

Until prices will stay above 6270 odds are for a breakout of 6300

Moved my initial stop loss 6236.75 to a stop profit @ 6259,75

 

NQ1.png


                                                             tLCTRQ5.jpg


#8 NAV

NAV

    Member

  • Traders-Talk User
  • 15,564 posts

Posted 06 December 2017 - 12:25 PM

Short SPX 2628 Stop 2633.6 for a swing trade


Edited by NAV, 06 December 2017 - 12:26 PM.

"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 Swiss Trader

Swiss Trader

    Member

  • Traders-Talk User
  • 1,226 posts

Posted 06 December 2017 - 12:31 PM

Short SPX 2628 Stop 2633.6 for a swing trade

 

 

Out @ 6271 with a decent gain of 30 points

 

Nav, sorry for mixed your thread with the nasdaq...LOL

 

Good luck with your trade


                                                             tLCTRQ5.jpg


#10 NAV

NAV

    Member

  • Traders-Talk User
  • 15,564 posts

Posted 06 December 2017 - 12:38 PM

 

Short SPX 2628 Stop 2633.6 for a swing trade

 

 

Out @ 6271 with a decent gain of 30 points

 

Nav, sorry for mixed your thread with the nasdaq...LOL

 

Good luck with your trade

 

 

Nice trade !


"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