Jump to content



Photo

Market priced for Perfection - Price Action Strong, Seasonality Weak


  • Please log in to reply
57 replies to this topic

#41 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 17,659 posts

Posted 10 February 2021 - 11:41 AM

Closed 1 nq hedge long +21.25 points
Will reopen later


53 qqq puts
2 hedge long nq
Will short an additional lot in my nq short daytrades and also LONG nq daytrades, raising position size as range increases.

13600 buy limit hit in a flash!

Eked out another modest profit in a rather choppy aimless day, markets drifting, smaller range, waiting....

51 QQQ PUTS
1 NQ HEDGE LONG 13645

Almost a repeat of Friday --  a small profit, $640 
Stimulus talk still driving rally, also crazy goosing up some stocks e.g. TESLA bitcoin strategy that failed, so far
A TOP being formed, ST or IT or both. 
Will add more QQQ PUTS if NQ trades above recent ATH
 
49 QQQ PUTS
1 NQ Hedge LONG 13627 



#42 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 17,659 posts

Posted 10 February 2021 - 03:46 PM

13625 nq hedge long

Closed 1 nq hedge long +21.25 points
Will reopen later


53 qqq puts
2 hedge long nq
Will short an additional lot in my nq short daytrades and also LONG nq daytrades, raising position size as range increases.

13600 buy limit hit in a flash!

Eked out another modest profit in a rather choppy aimless day, markets drifting, smaller range, waiting....

51 QQQ PUTS
1 NQ HEDGE LONG 13645

Almost a repeat of Friday --  a small profit, $640 
Stimulus talk still driving rally, also crazy goosing up some stocks e.g. TESLA bitcoin strategy that failed, so far
A TOP being formed, ST or IT or both. 
Will add more QQQ PUTS if NQ trades above recent ATH
 
49 QQQ PUTS
1 NQ Hedge LONG 13627 



#43 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 17,659 posts

Posted 10 February 2021 - 09:10 PM

Great day after 3 successive days of defensive trading with small profits. 

53 QQQ PUTS 

Net 1 NQ hedge long 13625

 

 

 

13625 nq hedge long
 

Closed 1 nq hedge long +21.25 points
Will reopen later

 

53 qqq puts
2 hedge long nq
Will short an additional lot in my nq short daytrades and also LONG nq daytrades, raising position size as range increases.
 

13600 buy limit hit in a flash!
 

Eked out another modest profit in a rather choppy aimless day, markets drifting, smaller range, waiting....

51 QQQ PUTS
1 NQ HEDGE LONG 13645
 

Almost a repeat of Friday --  a small profit, $640 
Stimulus talk still driving rally, also crazy goosing up some stocks e.g. TESLA bitcoin strategy that failed, so far
A TOP being formed, ST or IT or both. 
Will add more QQQ PUTS if NQ trades above recent ATH
 
49 QQQ PUTS
1 NQ Hedge LONG 13627 

 



#44 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 17,659 posts

Posted 10 February 2021 - 09:19 PM

That 250-point NQ red hourly candle today defines the ST range and a break out up or down will tell us the trend for the next few days. 

 

Equivalent ES hourly candle was about 40 points



#45 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 17,659 posts

Posted 11 February 2021 - 09:22 AM

ADAM:
Yesterdays dip in #ES_F off my ~3870 support was bought after a rare red day, but it still sits below heavy "megaphone" resistance now 3935

Plan today: 3905 then 3870 key supports. As long as 3905 holds 3930 test coming. If it breaks we see 3960/4k. 3870 fails we selloff $SPX

#46 12SPX

12SPX

    Member

  • Traders-Talk User
  • 12,688 posts

Posted 11 February 2021 - 09:31 AM

Ok this is interesting, March options are way to expensive going into the last week of the Feb. expiration cycle next week.  The March ES 4000 call is selling for $43.00 which I just did and will adjust after the following Friday the 19th if need be.  Way overpriced, way to much enthusiasm!! 



#47 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 17,659 posts

Posted 11 February 2021 - 11:00 AM

Looks like a good Sell

Ok this is interesting, March options are way to expensive going into the last week of the Feb. expiration cycle next week.  The March ES 4000 call is selling for $43.00 which I just did and will adjust after the following Friday the 19th if need be.  Way overpriced, way to much enthusiasm!! 



#48 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 17,659 posts

Posted 11 February 2021 - 11:02 AM

56 qqq puts
1 nq hedge long

Max nq long daytrades
Trying to keep it to at least a small loss today while maintaining large QQQ PUT POSITION.


Great day after 3 successive days of defensive trading with small profits. 
53 QQQ PUTS 
Net 1 NQ hedge long 13625
 
 
 

13625 nq hedge long
 

Closed 1 nq hedge long +21.25 points
Will reopen later

 

53 qqq puts
2 hedge long nq
Will short an additional lot in my nq short daytrades and also LONG nq daytrades, raising position size as range increases.
 

13600 buy limit hit in a flash!
 

Eked out another modest profit in a rather choppy aimless day, markets drifting, smaller range, waiting....

51 QQQ PUTS
1 NQ HEDGE LONG 13645
 

Almost a repeat of Friday --  a small profit, $640 
Stimulus talk still driving rally, also crazy goosing up some stocks e.g. TESLA bitcoin strategy that failed, so far
A TOP being formed, ST or IT or both. 
Will add more QQQ PUTS if NQ trades above recent ATH
 
49 QQQ PUTS
1 NQ Hedge LONG 13627 

 


#49 12SPX

12SPX

    Member

  • Traders-Talk User
  • 12,688 posts

Posted 11 February 2021 - 11:25 AM

Couldn't resist as I added a sell on the March 4100 calls for $14.00.  Again will adjust after expiration.  7 days to go and still holding my sells on the 3970 and 4000 Feb. calls.  Gonna be an interesting expiration week.....



#50 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 17,659 posts

Posted 12 February 2021 - 08:03 AM

Another tiring day battling the buyTHEdip crowd but managed to end the day with another small profit.
Looks like more of the same today as the dip buyers continue to blissfully buy the shallowest of pullbacks.

56 qqq puts
1 nq hedge long

Max nq long daytrades
Trying to keep it to at least a small loss today while maintaining large QQQ PUT POSITION.

Great day after 3 successive days of defensive trading with small profits. 
53 QQQ PUTS 
Net 1 NQ hedge long 13625
 
 
 

13625 nq hedge long
 

Closed 1 nq hedge long +21.25 points
Will reopen later

 

53 qqq puts
2 hedge long nq
Will short an additional lot in my nq short daytrades and also LONG nq daytrades, raising position size as range increases.
 

13600 buy limit hit in a flash!
 

Eked out another modest profit in a rather choppy aimless day, markets drifting, smaller range, waiting....

51 QQQ PUTS
1 NQ HEDGE LONG 13645
 

Almost a repeat of Friday --  a small profit, $640 
Stimulus talk still driving rally, also crazy goosing up some stocks e.g. TESLA bitcoin strategy that failed, so far
A TOP being formed, ST or IT or both. 
Will add more QQQ PUTS if NQ trades above recent ATH
 
49 QQQ PUTS
1 NQ Hedge LONG 13627