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Plunge-Protection-Team rides in to rescue the Crashing Bull!


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#21 dTraderB

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Posted 30 October 2018 - 01:53 PM

took 2 lots off the table

 

a 30-point NQ one-minute bar! 

 

5 point trail stop on the remaining 2 lots. 



#22 dTraderB

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Posted 30 October 2018 - 02:14 PM

How high will this NQ long go? 

 

Not staying around too long to find out.... 

 

Looking for a reversal down before end of cash session



#23 dTraderB

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Posted 30 October 2018 - 02:47 PM

Waiting again for breakout.....but woudl rather not trade again today ....

 

Market Facts
  • The S&P 500 has fallen in 16 of the 21 sessions this month, the most in a single month since October 2008. A 17th dip would be its most in a month since April 1970, according to Dow Jones Market Data. 
     
  • The forward price/earnings ratio of the MSCI All Country World Index—which tracks performance across 23 developed and 24 emerging markets—has fallen to around 18, its lowest level since early 2016.
     
  • On this day in 1929, the Dow Jones Industrial Average had one of its best days ever, rocketing up 12.3% to 258.47 as John D. Rockefeller, Sr. announced: “There is nothing in the business situation to warrant the destruction of values that has taken place on the exchanges during the past week.” The Dow went on to lose 84% more of its value before bottoming out on July 8, 1932.

 



#24 dTraderB

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Posted 30 October 2018 - 03:00 PM

Bought 3 QQQ JAN 174 puts on this bounce. 

 

last NQ long closed with 4.33 points average per lot. 



#25 dTraderB

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Posted 30 October 2018 - 03:04 PM

Nice bullish daily SPX candle.