70 replies to this topic

[CLK]

Bought the dip around 2780, 2770 close stops me out.  

 

Nearly every Fed decision the initial move gets reversed.

Edited by CLK, 13 June 2018 - 01:27 PM.

[CLK]

Closed day trade small loss. Closed core long as well, flat. This market needs a 50 point wave 2 correction.

I will get interested above 2800. 

[CLK]

Went back long, $2 ITM instead of $8 for the 25th. Market seems to be holding up.

[CLK]

Doing nothing, 2770 still held 11am.

[CLK]

If the market turns down, I will be reluctant to short it, only with a small position, the reason is VIX is under 15 and

it looks like a bull market again so I think it will not drop much. I don't want to chance a big short and have an instant reversal.

It's only in high volatility that you get big moves long and short, in low volatility it doesn't pay to be bearish. I could be proven wrong

just have to filter with context some, can't expect the market to always be the same.

[CLK]

Looks like not shorting was a bad decision even though I closed all longs. VIX is approaching 15 again.

The assumption of one down brick is all we get was wrong, it's leaning toward the bull market is not

back, I guess I will have to short a small position and take a drawdown. The market gave a bounce off

2770 signal to 2780 and I didn't take it, just a 10 point stop to 2790 would have been worth the risk.

Need to trade more mechanical and watch the volume for a reversal.

 

The TL is now resistance, looks ugly.

 

https://invst.ly/7s2mg

[CLK]

Short 1/2, July 6 276P $3.23, limit order in for other half at $1.50 on a bounce.

[CLK]

Volume is in bearish territory now. Expecting a resolution to the downside, so much so

that I tripled up on my short position.

[CLK]

System indicates 2750 is a lock now, beyond that anyone's guess.

[CLK]

Added to short on the open, now up to around 35% of account.