POWELL is a market mover!
Still waiting on a break above current congestion range on NQ 1m
9:03 AM - 21 Mar 2019
Worryingly Dovish - but Bulls holding SPX 2800
Started by
dTraderB
, Mar 20 2019 09:06 PM
28 replies to this topic
#22
dTraderB
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Posted 21 March 2019 - 01:19 PM
Riding a 4-lot NQ LONG, 4 points so far, am very hesitant to daytrade LONG at these levels after this big move today, so I am back to 4-lots position, half of full 8-lots
#23
dTraderB
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Posted 21 March 2019 - 01:20 PM
STOP at breakeven and moving up gradually as market moves up
#24
robo
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Posted 21 March 2019 - 01:26 PM
Wish I had time to trade the Brit Pound.
It's tanking.
But, I am daytrading NQ & VXXB so it is impossible
NQ has stalled during past 25 minutes, ES retracing from high.
Looking for a VXXB long near 28.20/10
Waiting to see how the VXXB 28.50ish area plays out.... 28.12ish remains the low.... Trading some TNA until the signal changes.... A nice move up this morning as the Fed Put remains in play..... VXF back on a buy signals as the LOLR is up.... I remain in cash..... The close will be important to me, and how we are setting up going into next week....
https://stockcharts....597&a=653534179
sold some and buying them back again for VST trading....
03/21/2019 09:01:55 Sold 500 VXXB @ 29.63
I bought some tranches back to early, and I'm now down some on the current trade..... Using Vanguard for some tranches.....
Edited by robo, 21 March 2019 - 01:36 PM.
" “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
#25
dTraderB
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Posted 21 March 2019 - 01:59 PM
EXIT stop hit with nice profit but I could have made double if I had stuck to 8-lot positions
Not going short ...as yet...with this retracement from the daily highs in progress
#26
pdx5
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I want return OF my money more than return ON my money
Posted 21 March 2019 - 04:47 PM
POWELL is a market mover!
Still waiting on a break above current congestion range on NQ 1m
9:03 AM - 21 Mar 2019
POWELL is a market mover!
Still waiting on a break above current congestion range on NQ 1m
9:03 AM - 21 Mar 2019
Powell is the market these days! OK..besides the China trade deal being negotiated.
The China deal when announced will be a good time to short. But Powell could levitate
the market for quite some while, through Nov 2020, with soothing speeches regarding interest rates.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#27
dTraderB
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Posted 21 March 2019 - 05:17 PM
POWELL is a market mover!
Still waiting on a break above current congestion range on NQ 1m
9:03 AM - 21 Mar 2019
POWELL is a market mover!
Still waiting on a break above current congestion range on NQ 1m
9:03 AM - 21 Mar 2019
Powell is the market these days! OK..besides the China trade deal being negotiated.
The China deal when announced will be a good time to short. But Powell could levitate
the market for quite some while, through Nov 2020, with soothing speeches regarding interest rates.
I think we are seeing the POWELL PUT in action; but, how more dovish can POWELL be?
That angle has been exhausted and played out; next will be QE... but then markets will realize it simply cannot rise on
"no rate hikes: and QE -- it becomes pushing on a string, ineffective.
China deal may rally the market for 5% max but it is difficult to levitate for too long!
#28
pdx5
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Posted 21 March 2019 - 09:35 PM
China deal will be a big disappointment. There is no scenario for a deal with win-win for both sides. Because currently China is doing all the winning and US is doing all the losing. US needs manufacturing back to improve the stressed middle class. China can not afford to lose export related manufacturing. China will not reduce exports or increase imports of manufactured goods. Because either choice will cause millions of workers in China lose their jobs. If there was an easy solution possible, it would have been done by now. Increasing exports of non-manufactured goods (farm products, energy & chemicals) does not do anything to increase manufacturing jobs, the single biggest wealth creator and backbone of a thriving middle class.
The market will rise for a short period when the deal is announced and then after the contents have been read, understood and digested, it will not be bullish.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#29
dTraderB
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Posted 22 March 2019 - 03:31 PM
China deal will be a big disappointment. There is no scenario for a deal with win-win for both sides. Because currently China is doing all the winning and US is doing all the losing. US needs manufacturing back to improve the stressed middle class. China can not afford to lose export related manufacturing. China will not reduce exports or increase imports of manufactured goods. Because either choice will cause millions of workers in China lose their jobs. If there was an easy solution possible, it would have been done by now. Increasing exports of non-manufactured goods (farm products, energy & chemicals) does not do anything to increase manufacturing jobs, the single biggest wealth creator and backbone of a thriving middle class.
The market will rise for a short period when the deal is announced and then after the contents have been read, understood and digested, it will not be bullish.
China and North Korea are playing games.... stalling, dawdling, dithering, they are dictatorships who can play the waiting game.
Market will have a relief rally when there is a deal, any deal, just to get that Trade Issue off its back.
But, of course, it will be a nonsensical nothingness deal.
