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Anybody going long in this market ?


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#21 NAV

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Posted 02 March 2018 - 02:12 PM

Shorted 2675 with 2680 stop. If the downtrend is still intact, we should sell-off into the close. 

Stopped out again. -5


Edited by NAV, 02 March 2018 - 02:14 PM.

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#22 NAV

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Posted 02 March 2018 - 03:04 PM

shorted 2675 again with 2679.5 stop. Let's see how this one goes...


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#23 viccarter

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Posted 02 March 2018 - 03:26 PM

shorted 2675 again with 2679.5 stop. Let's see how this one goes...

 

I think the swing trade is what is gonna pay you on the short side, however, I will add this very late and valueless comment which is: $RUT exhibited tremendous relative strength yesterday compared to $SPX; $INDU and I did buy yesterday's $RUT close based on this with a wide stop knowing it could gap up or down.  It was intended as a 1-2 day trade and my target has already been met so I'm out.  I see some things potentially that might bear fruit on the short side, but nothing that would compel me to take the trade at this point.



#24 NAV

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Posted 02 March 2018 - 03:28 PM

3 stopouts in a row in the direction of the trend is quite unusual for me. Lost -11 points today. Not the first time. Done for the day. 


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#25 NAV

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Posted 02 March 2018 - 03:30 PM

 

shorted 2675 again with 2679.5 stop. Let's see how this one goes...

 

I think the swing trade is what is gonna pay you on the short side, however, I will add this very late and valueless comment which is: $RUT exhibited tremendous relative strength yesterday compared to $SPX; $INDU and I did buy yesterday's $RUT close based on this with a wide stop knowing it could gap up or down.  It was intended as a 1-2 day trade and my target has already been met so I'm out.  I see some things potentially that might bear fruit on the short side, but nothing that would compel me to take the trade at this point.

 

 

Well, i don't have a setup for a swing trade here. So gotta day trade until a swing trade shows up. Yesterday was great for day trading. Today was terrible.


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#26 saltlake

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Posted 02 March 2018 - 03:50 PM

took a shot at short at 2690/ stop 2695



#27 saltlake

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Posted 02 March 2018 - 03:57 PM

well that was a fun 10 minutes, Mark warned us Premium subs that this would probably happen late day today, should have listened. It was worth a shot though



#28 Rocketman

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Posted 02 March 2018 - 04:16 PM

Friday, March 2, 2018

3/2/18 Daytraders Update

 
 
 
 
3%2Bmin%2Bspx.gif

5%2Bmin%2Bspx.gif

Daytraders 9 am Update: The intraday cycle sees a 1st hour High, midday High and last hour High. If the midday High is higher than the 1st hour High, it suggests a last hour highest High and Vice Versa.
 
12.00 pm Update: We saw a higher midday High, suggesting a last hour Highest High

5%2Bmin%2Bspx.gif

4.10 pm Update: The Master Cycles suggested a 3/2 Swing Low here: 
http://timeandcycles...cle-update.html

To da Moon! (Where is Dacheif when you need him?) 

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Email: timeandcycles@gmail.com

Edited by Rocketman, 02 March 2018 - 04:18 PM.


#29 pdx5

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Posted 03 March 2018 - 10:26 PM

I am long in energy stocks. 


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule