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The Bull Market Stalls At Overhead Resistance


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#21 pdx5

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Posted 19 July 2020 - 04:47 PM

  The actual drop may be weeks away but it will come  
 
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That has been happening since the day stock market opened up more than hundred years ago. IT FLUCTUATES. That is not news.  It would be news only if it stopped FLUCTUATING. 
 

"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#22 dTraderB

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Posted 19 July 2020 - 08:45 PM

12 NQ trades since 6pm as a slow start to the week changed quickly and market activity increased. 

 

placing a NQ buy limit order at 10,508 

 

and calling it a night

 

39 NQ PUTS

 

16 SPY PUTS

 

1 NQ long

 

3100 XLF in LT

 

flat crude and ES

 



#23 12SPX

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Posted 20 July 2020 - 07:39 AM

Good morning all.  When I went to bed market looked good so put in my profit stop at 3205 to see what would happen and was taken out for a profit of 12 points.  Starting a short build at 3210, profit stop 3209.50 see what happens.  And taken out, maybe wait till the open...



#24 dTraderB

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Posted 20 July 2020 - 08:03 AM

closed NQ hedge long held over weekend  + 13.5 points

did its job, more than 100 points up from Sunday evening/overnight low

 

will reopen lower 



#25 12SPX

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Posted 20 July 2020 - 08:03 AM

Starting a short build at 3215 can't resist! 



#26 12SPX

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Posted 20 July 2020 - 08:42 AM

Average short now back to 3217, profit stop 3215



#27 12SPX

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Posted 20 July 2020 - 08:44 AM

Profit stop 3212



#28 12SPX

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Posted 20 July 2020 - 08:58 AM

Taken out for a 5 point profit, see where we go from here!! 



#29 12SPX

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Posted 20 July 2020 - 09:13 AM

Starting a new short build at 3217! 



#30 dTraderB

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Posted 20 July 2020 - 09:24 AM

CHANGING MY IT OUTLOOK TO LONG

 

BOUGHT 2 NQ 10,724 TO HOLD 

 

WILL BUY MORE XLF ON ANY DIP

 

WILL CLOSE AS MANY PUTS AS POSSIBLE ON DIPS 

 

WILL CONTINUE TO TRADE BIG SIZE NQ DAYTRADES

 

WILL CHANGE LONG BIAS IF MARKETS TELL ME TO DO SO