136 replies to this topic

[12SPX]

Ok profit stop 4225, will sell right above! 

[12SPX]

Out for a 3 point profit and back in starting a build at 4227, just gonna let this be a build unless we really get a decent sell off going.....

[redfoliage2]

Right now the market is in overbought conditions, I see both bulls and bears are not committed.........................

Edited by redfoliage2, 10 May 2021 - 12:11 PM.

[12SPX]

Off to tennis adjust along the way.....

[dTraderB]

Orders placed to buy JUNE AND JULY DIA PUTS.

ITM

[redfoliage2]

Right now the market is in overbought conditions, I see both bulls and bears are not committed.........................

Everything down only VIX and GOLD up, bears now flexing muscles ....................

[dTraderB]

Thank you, chief. 
What's your take on the ST DOW & SP500 direction? 

 

     ...

 

TIC TOC:

Folks:

Heres my weekly plan and some levels.

1. We had begun to see nice bearish momentum last week but Friday jobs report distorted the reality.

2. Lot of mis-pricing occurred and we closed above order-flow level 4212 at 4226.

3. IMO this is unsustainable.

4. This week my focus is 4212 followed by 4180. I believe market will test 4180 and close below it. This will bring a large sell of about 125 - 165 points. Now 4226.

5. Analysis void if no close below £4180.

 

  the markets are never skitttish  .... u...r........:>)

[dTraderB]

Trading is tiring ! Always has been, but even more during the past few weeks - April & May

 

Best NQ day in a long time, could have been better but my 2 NQ HEDGE LONG during the first hour or so effectively reduced my SHORT NQ DAYTRADE position sizes by those 2 lots during the early part of today's session.

That's my system so go to follow it and hedges have been very profitable recently. Good profits also in SPY & DIA PUTS and also in VXX long and VXX calls. Losses in NQ HEDGE LONGs. 

 

Key level is ES 4180; as I did last week, I will open ES HEDGE LONG  if market trades above this with bullish price action on 5m & 15m chart. 

 

1 NQ HEDGE LONG 13350

1 ES HEDGE LONG 4178.5 (did not want to open this but I held off from original entry at 4195 when markets fell quickly and decided to add it near the end of session)

 

245 VXX LONG

14 VXX CALLS

12 DIA PUTS

44 SPY PUTS

[dTraderB]

Adam Mancini

 

@AdamMancini4

·

2h

 

 

Rare red day for #ES_F today but not uncommon after a big green Friday as posted earlier It's currently backtesting Aprils highs. If bulls can't reverse here the last chance strong support remains 4170-4175 (last Thursday's launch area). Below there pullback finally begins

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Adam Mancini

 

@AdamMancini4

· 8h

Additional levels: 4224 is short term support, below there is 4211 (backtest of old highs) then 4192, 4172 (core make or break line). After green Fridays its been common to see or consolidation/pullback Mondays. Same drill - bulls want healthy basing that holds important lvls

[dTraderB]

Adam Mancini

 

@AdamMancini4

·

51m

 

 

Note: Price sold into my ~4175 zone. Big support in this area and if bulls to bounce it and rally its here. Will need back above 4200 to get any traction