124 replies to this topic

[dTraderB]

ADAM:
It's been a great 250 point rally in #ES_F from last Friday but we are coming into triangle resistance at 3510, and daily RSI(5) is now back overbought suggesting pullback risk growing

Looking for pullback/sideways chop at 3510ish-if it holds 3420 it sets up a breakout to 3700

[dTraderB]

just buy, take profits, buy, take profits, wash - rinse - repeat.....

 

not getting careless but this market has been one of the easiest to trade in my 33 years doing it. 

 

want to gradually ease out of positions as ST top not too far away and preserve my 2020 gains with lower risks and less trading as market moves out of this phase into the new Presidential term  -whoever wins. 

 

on high alert to go BIG LONG on any good vaccine news - several will be available from late November to January

[dTraderB]

btw, unless prolonged court action, this relief rally go last for another week or two ... new ATHs in major indices, VIX below 12

[dTraderB]

must do it but hesitant

nq long hedge 12050

 

what a blowoff!!! just buy, close, buy, take profits, buy....until the crashes!

[12SPX]

Major sleep in lol!  As I said I was going to profit stop my 3470 and it did get taken out at 3450 yesterday for a 20 point profit.  Did a rogue trade and shocked I filled short at 3500 but heh wild markets and now my profit stop is 3499! 

[dTraderB]

now holding 9 SPY JAN PUTS

 

will add more, if es trades higher than 3525

[12SPX]

Okay out for 1 point profit and starting a new short build at 3505...

[12SPX]

Whew so fast, average short 3513 now!! 

[12SPX]

There we go profit stop 3512

[12SPX]

Kind of a disappointment, out for a 1 point profit shoulda hung onto the build but will start it above there...