https://www.youtube....h?v=tkiAP-PtWw8
decisionpoint - volume non confirm
Started by
Dex
, Apr 06 2020 07:12 PM
9 replies to this topic
#1
Dex
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Posted 06 April 2020 - 07:12 PM
"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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#2
pdx5
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I want return OF my money more than return ON my money
Posted 06 April 2020 - 10:08 PM
Thank you. Must have been short squeeze then.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#3
OEXCHAOS
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Mark S. Young
Posted 07 April 2020 - 07:57 AM
No shorts in the SH covered yesterday. None. They added shorts, net.
And I see in 40 hours, I'm up 10% on my longs. SMH. Amazing.
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#4
K Wave
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Posted 07 April 2020 - 09:13 AM
I went in for a 3rd dip in the Cruise Line pool (long, short, long)....ridiculous gains in a couple of days of over 50% on the whole basket.
Also picked up some SPG and MAC the other day when I posted a bout 1 min charts looking ripe. Crazy gains in a couple of days there as well.
Just dumped 'em all...probably leaving a lot on the table yet again, but who cares....what a trading environment!!
We are now up into critical area, so going to watch for a bit here and see how this plays out.
IF bears do not step up big time right about here, they will get their faces ripped off.
Edited by K Wave, 07 April 2020 - 09:14 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#5
12SPX
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Posted 07 April 2020 - 09:37 AM
I know is very exciting for trading for sure! Calls even short term are way overvalued way to much bullishness!!!
#6
K Wave
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Posted 07 April 2020 - 09:54 AM
And after pushing above 200 day MA, NDX now back close ot UNCH...pretty much exactly what I was expecting for today thus far...
Still expect an up close, but if not near the highs, then bears may get to take a shot tomorrow.
NDX 7950 area looks like the big pviot zone for short term now....
Edited by K Wave, 07 April 2020 - 09:54 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#7
K Wave
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Posted 07 April 2020 - 09:57 AM
Its kind of fun to watch full on bull and bear markets play out on the 1 min charts in a matter of a few days....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#8
Dex
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Posted 07 April 2020 - 11:01 AM
2,700 is the zone of resistance for the S&P 500. I don't think it will make it through it.
"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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#9
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Mark S. Young
Posted 07 April 2020 - 11:10 AM
Watch the 21-day.
M
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#10
Dex
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Posted 07 April 2020 - 02:02 PM
What works for me for support and resistance is simple horizontal lines.
It's not the only tool.
"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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