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#1 zoropb

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Posted 30 October 2018 - 08:37 AM

Good morning all and thanks waver from yesterday.

 

I want to start by saying that if we lose yesterday's lows we are open to the next levels 2300-2000.   Under normal conditions if we lose the low then we would be pointing to 2590.25 +- 9.25 (70% prob.) 

The beast is sitting with 500+- points of energy =  be careful long side. 

 

If the overnight session low holds then we are looking at a probable 2707.25 +-9.25.

 

I'll keep posting as we go. This may not be a great time to be a hero over the next few days before the election.  

 

I am leaning long for today but sitting on the side lines until a set up I like comes my way. 


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#2 leverage4

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Posted 30 October 2018 - 10:06 AM

Hi Zoropb.  Thanks so much for sharing your insights.  They are really helpful.  I am again checking TT multiple times each day because of your posts.  I especially like your target levels and probabilities plus the way you keep your eye on multiple time frames.  In addition to your excellent work, you are always a true gentleman.  Thanks!

 

Lev



#3 zoropb

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Posted 30 October 2018 - 10:15 AM

Very kind of you Lev. thank you for your time as well. 

 

Got to hold 2633.25 or the open pit barbecue opens up. 


Edited by zoropb, 30 October 2018 - 10:17 AM.

Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#4 zoropb

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Posted 30 October 2018 - 12:40 PM

Shorted 2656 stop 2674 half position.   


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#5 zoropb

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Posted 30 October 2018 - 12:45 PM

Stop moves to 2664.75 and correction went in at 2655.


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#6 zoropb

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Posted 30 October 2018 - 12:52 PM

decided to take half at 2644 


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#7 zoropb

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Posted 30 October 2018 - 01:19 PM

Other quarter back in at 2649.25 avg. in at 52 stop at 60.75


Edited by zoropb, 30 October 2018 - 01:20 PM.

Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#8 RagingSpartan

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Posted 30 October 2018 - 01:19 PM

Doubt we get a repeat buy program at the close to save it.

#9 zoropb

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Posted 30 October 2018 - 02:05 PM

Hey RS,  There is not much between up here once the 2600 goes and a pit stop around 2500 but there is no stopping the 2300-2000 level I give it 99% probability.

 

Stopped, Its like they are hunting stops. Probably before further nuking. 


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#10 leverage4

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Posted 30 October 2018 - 02:24 PM

Still, one has to get in to be in position for the eventual downside surprises and swoon.  So nice nimble trading, Z, with good stop and position size management.  Short term there are conflicting signals here (e.g. credit, volatility, sector performance, etc.) so nimble nibbling (say that 3 times fast.... LOL) makes a lot of sense.

 

Lev