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FED & CONGRESS vs OCTOBER CRASH HISTORY


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#71 12SPX

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Posted 07 October 2020 - 01:23 PM

Wow 870 points, whew!  Average short now 3405!! 



#72 dTraderB

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Posted 07 October 2020 - 01:58 PM

Adding 2 lots to nq daytrades above nq 11510

#73 12SPX

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Posted 07 October 2020 - 02:08 PM

Average short now 3409, see if I need to add more by the end or profit stops get hit in this final hour!!  



#74 12SPX

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Posted 07 October 2020 - 05:52 PM

Grabbed another 4 points of profit on my stop of 3405 and just got back in for the night session at 3410, not sure if I'll hold or add to it or not, see how it goes before I go to sleep!  



#75 dTraderB

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Posted 08 October 2020 - 07:25 AM

Very busy ywsterday & morning but markets cooled down this morning after initial ramp up.
Great nq trading yesterday, a top 5 day with 1042 points profit of which nq hedge longs contributing 260.5
Big losses in Puts
Good profits in xlf and bac

Closing nq hedge long + 81.75
Now flat hedge long, will reopen later, will add a few more puts on spikes up, will add extra lot in nq daytrade longs while flat hedge

#76 dTraderB

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Posted 08 October 2020 - 07:27 AM

Got a few nq points from this:

TRUMP SAYS IT LOOKS LIKE THERE IS A REALLY GOOD CHANCE TO REACH A DEAL ON COVID AID, TALKS HAVE REOPENED

#77 dTraderB

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Posted 08 October 2020 - 07:28 AM

ADAM:
Yesterday I was looking for a test of 3420 in $SPX and we're there now for test #5 in a month. Major inflection point & bulls don't want another rejection

Todays plan: Next levels up now 3445 and then 3475. These are in play as long as 3400 holds. Below 3400 opens 3370 & 3330

#78 dTraderB

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Posted 08 October 2020 - 07:31 AM

Oh uh oh oh...
Building that big PUT POSITION gradually,

840k job report claims FWIW

Germany reports alarming rise in coronavirus cases https://t.co/qgSStq0Yzv

#79 dTraderB

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Posted 08 October 2020 - 07:32 AM

U.S INITIAL JOBLESS CLAIMS ACTUAL: 840K VS 837K PREVIOUS; EST 820K

U.S CONTINUING JOBLESS CLAIMS ACTUAL: 10976K VS 11767K PREVIOUS; EST 11400K

#80 12SPX

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Posted 08 October 2020 - 07:36 AM

I've just added to my short now averaging 3420, see how the open goes!