Jump to content



Photo

Going Short Friday on Gap Up!

SPX

  • Please log in to reply
29 replies to this topic

#21 da_cheif

da_cheif

    Member

  • Traders-Talk User
  • 9,741 posts

Posted 14 December 2019 - 04:55 PM

Looks like i'm all out on a limb buy myself as usual, went short the close. Bear raids could work nicely on a low volume holiday week. Of course the market could also wake up from this trade war drama, and realize this so called deal leaves a lot to be desired. What should be sinking in is this, we have to be ready to go toe to toe with China for many years to come. (JMHO)

hardly a money making strategy for the last 10 years

 

>Looks like i'm all out on a limb buy myself as usual, went short the close<



#22 slupert

slupert

    Member

  • Traders-Talk User
  • 1,357 posts

Posted 14 December 2019 - 08:59 PM

 

Looks like i'm all out on a limb buy myself as usual, went short the close. Bear raids could work nicely on a low volume holiday week. Of course the market could also wake up from this trade war drama, and realize this so called deal leaves a lot to be desired. What should be sinking in is this, we have to be ready to go toe to toe with China for many years to come. (JMHO)

I don't go short until the 2 hour VXX moves back above the 10 MA on my 2 hour chart. That doesn't mean you will not be correct, but it's a Risk Management tool for me. The Delta and Gamma are currently both on your side, but with the Fed in the game all extremes could get more extreme.....

 

In case you are not familiar with Gamma Signals you can read about them here. They are just another warning indicator and not part of my current system, but I do track them.  My data mainly comes sentiment trader....

 

Options Sentiment and Gamma Signals

Stock market "gamma" has earned increasing attention from the financial media. CNBCBloomberg, the Wall Street Journal and Zerohedge all regularly talk about market gamma and its impact on market risk.  While the mainstream financial media talks about gamma, there is never anything actionable about the information.  Gamma signals are usually published by the mainstream media ipso facto – after the fact.  Our service is one of the few services that publish gamma trading signals for a retail audience.

 

https://seekingalpha...-in-s-and-p-500

 

and here....

 

https://seekingalpha...trading-signals

 

 

Optx for the SPX is next week and we are overbought so we shall see how that plays out.... Above average odds the SPX gap at 3090ish could fill..... I think the gap at 3050ish will fill soon, but that's a guess. I wait for the VXX 2 hour sell signal first.....

 

Good Luck on your trade.... The odds are in your favor, but (NOT QE) has been a game changer.....

 

https://stockcharts....032&a=706689769

 

 

https://stockcharts....032&a=706689769

 

u probably are right, might go sideways before going down as they cross their fingers and hold off selling until next year, eith expected returns headed down next year I would expect the New Years Dump. (JMHO)



#23 robo

robo

    Member

  • Traders-Talk User
  • 1,153 posts

Posted 15 December 2019 - 01:08 PM

u probably are right, might go sideways before going down as they cross their fingers and hold off selling until next year, eith expected returns headed down next year I would expect the New Years Dump. (JMHO)

 

 

 

I trade VXF and it has gone sideways for two weeks now.....  Waiting to see how this plays out.....  I remain flat VXF, but still trading both ways using other indexes.

 

The weekly data remains on a hold long positions, but with a much higher Risk/Reward level.  The trend remains up......

 

https://stockcharts....103&a=706828094


Edited by robo, 15 December 2019 - 01:12 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


#24 robo

robo

    Member

  • Traders-Talk User
  • 1,153 posts

Posted 16 December 2019 - 10:15 AM

I just tried out the ignore button and it works well.

 

Trading comments:

 

Waiting on a VXX buy signal for some faster pace VST trading, but the daily, weekly and monthly trends all remain up on my simple trading system. Trading the trend........

 

VST Trading some TNA today while I wait for the VXX signal on the 2 hour chart....

 

https://stockcharts....102&a=703005368


Edited by robo, 16 December 2019 - 10:16 AM.

“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 robo

robo

    Member

  • Traders-Talk User
  • 1,153 posts

Posted 17 December 2019 - 02:55 PM

Long VXX for a VST trade....  Tranche number 1

 

https://www.traders-...ade-deal/page-3


Edited by robo, 17 December 2019 - 02:58 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


#26 robo

robo

    Member

  • Traders-Talk User
  • 1,153 posts

Posted 18 December 2019 - 12:54 AM

There were 157 calls traded on the CBOE today for every 100 puts. Here's every equivalent session in the past 5 years.

EMB4oF6XkAI4a5Q.png

“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


#27 tradesurfer

tradesurfer

    Member

  • Traders-Talk User
  • 2,477 posts

Posted 18 December 2019 - 09:21 AM

I am not shorting this market with a 10 foot pole.  Will wait until January 18th, 2020.  Armtrongs 8.6 year cycle date.



#28 alexnewbee

alexnewbee

    Member

  • Traders-Talk User
  • 1,390 posts

Posted 18 December 2019 - 10:00 AM

I am not shorting this market with a 10 foot pole.  Will wait until January 18th, 2020.  Armtrongs 8.6 year cycle date.

Yes, better don't.

I will do it


"we do G.d's work" Lloyd Blankfein

#29 robo

robo

    Member

  • Traders-Talk User
  • 1,153 posts

Posted 18 December 2019 - 10:29 AM

I am not shorting this market with a 10 foot pole.  Will wait until January 18th, 2020.  Armtrongs 8.6 year cycle date.

LOL.... wait for the VXX to turn before shorting.....   I use the 2 hour chart....  I just checked and the volume for VXX is higher then SPY, but is moving sideways....

 

The trend for stocks remains up Brother even though the warning indicators keep piling up.....  Flat and please pass the popcorn.....  I trade what is happening not what I think will happen..... The trend remains up on the daily, weekly and monthly on the data I use.....  One should not be short, but should have been peeling off some profits...  Well, that is what I did......

 

Good Trading!

 

https://stockcharts....339&a=707603897


“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


#30 robo

robo

    Member

  • Traders-Talk User
  • 1,153 posts

Posted 18 December 2019 - 10:34 AM

 

I am not shorting this market with a 10 foot pole.  Will wait until January 18th, 2020.  Armtrongs 8.6 year cycle date.

Yes, better don't.

I will do it

 

Patience grasshopper......  We are moving sideways now so lets see how it plays out.....


“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






Also tagged with one or more of these keywords: SPX