23 replies to this topic

[NAV]

Trade #2

 

I went long today at SPX 2166 with a STOP below 2160. Let's see if this the beginning of something big or another false breakout.

Edited by NAV, 10 October 2016 - 09:18 AM.

[NAV]

Except for that one move on 9/9, this market has been in an extreme narrow range compression for over 3 months now. This can't go on forever.

Edited by NAV, 10 October 2016 - 09:31 AM.

[NAV]

Now if a trending move were to start, few if any will trust the move, let alone participate in it.

[slupert]

Down on poor earnings then, gap up on big sigh of relief after election. (JMHO)

[OEXCHAOS]

If it makes you feel better, we went short for our 5/10 and 10/10 models at ES 215900 (1/2 positions). I did NOT want to do that, as I'm looking higher today, but my swing momentum was technically still negative and the hourly was overbought at the upper bands.

 

If we don't get back inside the bands pretty soon, I'm going to bail and look at them again later. We're quite close to turning Swing Mo positive. Cumulative A/D volume too.

 

Mark

[NAV]

If it makes you feel better, we went short for our 5/10 and 10/10 models at ES 215900 (1/2 positions). I did NOT want to do that, as I'm looking higher today, but my swing momentum was technically still negative and the hourly was overbought at the upper bands.

 

If we don't get back inside the bands pretty soon, I'm going to bail and look at them again later. We're quite close to turning Swing Mo positive. Cumulative A/D volume too.

 

Mark

 

 

Mark,

 

We are still in a range-bound environment. So your trade has higher odds than mine,

 

As the old adage goes, "One day does not make a trend". That adage is a gem. For any trending move to sustain, it has to hold my STOP for more than a day. Then i would get more confident. Until then, we remain in a range-bound environment. But as a trend trader, i play all the breakouts. And if my trading history is any guide, i will come out positive after 10 trades. 

 

P.S - Since Sep 12, i have not seen a new breakout or a  buy/sell signal hold for more than a day. Classic trendless market.

Edited by NAV, 10 October 2016 - 10:49 AM.

[OEXCHAOS]

I'm pushing my envelope here a little. I don't like being short when the market is above the Bollinger bands. It's looking a little like the upper band is support now too. I'm going to give it a bit more time, but not a lot.

 

M

[SemiBizz]

I smell a deal has been made with DB - they are just waiting to announce it for some reason...

[OEXCHAOS]

Back inside the bands. Hanging in.

[Len]

Mark, there is no sell signal in my books. Just my 2c.