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Bounce, then down again....into midterms


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#31 dTraderB

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Posted 31 October 2018 - 11:28 AM

Will put back another two VXX buy stop orders and modify to track the VXX lower down, if it does that.

 

And, why not try another few QQQ JAN 174 or higher strike puts? We'll see

 

Finally, we have a tradeable NQ long setup

 

That was a strong 5m NQ reversal bar!



#32 dTraderB

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Posted 31 October 2018 - 11:55 AM

Rally today looks good, so far. 

Went up, came down, and then it's up again. 

Need to see a few more pullbacks and then more buying....to be able to assess the strength & sustainability of this rally.

 

Take nothing for granted in this market



#33 dTraderB

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Posted 31 October 2018 - 12:05 PM

Bought 4 QQQ JAN puts. 

Net one put



#34 dTraderB

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Posted 31 October 2018 - 12:14 PM

QQQ nearing a 5 point up day, that's enought for me to go shorter so I closed one QQQ call, net 2 puts now



#35 dTraderB

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Posted 31 October 2018 - 12:26 PM

Xtreme scalping to the extreme, last two NQ trades averaged 2.25 points per lot! 

 

Let's see hwo far this NQ short goes



#36 dTraderB

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Posted 31 October 2018 - 02:06 PM

Closed another QQQ JAN 160 call

Now, net 3 puts (6 puts, 3 calls)

 

I may close another call near the close if market closes near QQQ 171.5

 

The scale interval on my 1m NQ chart has gone from 5 points to 2.... market less volatile than last few days



#37 dTraderB

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Posted 31 October 2018 - 02:42 PM

bailed out fast on that NQ short! That's why I am extreme scalping! 

12 point profit cut to 4.5 in a few seconds!



#38 dTraderB

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Posted 31 October 2018 - 02:45 PM

I expected the market to close near the highs .... let's see if it will, 16 minutes to go before close

 

Looking at QQQ 165 or 166 calls if it tanks in the next few minutes; doubt it but....



#39 dTraderB

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Posted 31 October 2018 - 03:13 PM

I am extremely sad that the great month of October has ended.

I will exchange 4 months for one more October like this one. 

 

A great Month was October 2018.

My best month since 2008. 

 

Bye bye October 2018, I shall miss you..... 

 

But, here comes November...... and it's also a good month, a rally month, but let's see how it goes until Tuesday. 

 

I still forecast a down period until Tuesday but take nothing for granted and am ready to start all over again in November 

 

44753-Goodbye-October-Hello-November.jpg